PulteGroup vs Toll Brothers
PulteGroup reported revenue of $17.3 billion in fiscal 2025, 1.6 times Toll Brothers' $11.0 billion in fiscal 2025. PulteGroup's revenue fell 3.5% in its latest year, and Toll Brothers' grew 1.1%. Free cash flow was $1.7 billion at PulteGroup and $1.0 billion at Toll Brothers. Their fiscal years end in different months (December 31 and October 31), so the periods don't line up exactly.
Side by side
| PulteGroup | Toll Brothers | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Oct 31, 2025 |
| Revenue | $17.3B | $11.0B |
| Revenue growth | −3.5% | 1.1% |
| Revenue growth a year, last 5 years | 9.4% | 9.2% |
| Gross margin | — | 25.1% |
| Operating margin | — | 15.7% |
| Net margin | 12.8% | 12.3% |
| Free cash flow | $1.7B | $1.0B |
| Free cash flow margin | 10.1% | 9.4% |
| Return on capital | 17.9% | 13.6% |
| Net debt to EBITDA | −0.1x | 0.8x |
| Dividends and buybacks | $1.4B | $748M |
| Change in diluted share count | −4.9% | −4.7% |
| Last close | $121.31 | $140.40 |
| P/E at the last close | 12.9× | 11.3× |
| Insider trades, last 12 months | sold $26.4 million | sold $26.1 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
PulteGroupToll Brothers
Operating margin
Percent of revenue
PulteGroupToll Brothers
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PulteGroupToll Brothers
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the PulteGroup and Toll Brothers pages.