Income StatementBalance SheetCash FlowSegments
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Pultegroup Cash Flow Statement

Operating, investing, and financing cash movements

Pultegroup generated $1.9B in operating cash flow over the trailing twelve months. After $118.5M in capital expenditures, free cash flow was $1.8B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$1.9BNet Cash From Investing (TTM)-$66.2MNet Cash From Financing (TTM)-$1.3BCapital Expenditures (TTM)$118.5MDepreciation And Amortization Cf (TTM)$112.4MNet Change In Cash (TTM)$567.5M
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$21.3B
P/E Ratio10.42
ROE16.18%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Other non-cash income (expense)$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Change in accounts payable-$246.3M-$121.0M-$72.7M—-$78.6M$55.7M
Change in inventories$0.0$270.6M$262.5M$102.8M—$376.4M
Change in other assets$123.3M$71.8M$103.4M$27.7M$90.9M$36.7M
Other working capital changes$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Deferred income taxes-$267.1M$20.4M-$615.0K$32.1M-$62.7M$9.3M
Depreciation and amortization$24.2M$24.7M$25.0M$25.8M$37.0M$24.5M
Equity in income of investees$1.6M$502.0K$409.0K$2.4M$814.0K$879.0K
Distributions from equity method investments$0.0$1.8M$1.3M$0.0$1.2M$0.0
Other Non-Cash Income (Expense)$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Loss on extinguishment of debt—$0.0———-$2.6M
Other Non-cash Income (Expense)$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Other Non-cash Income (Expense)$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Net cash from operating activities$567.6M$134.2M$287.5M$678.4M$771.1M$159.8M
Net income$913.2M$522.8M$608.5M$585.8M$501.6M$347.0M
Other non-cash income (expense)$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Distributions of earnings from equity method investees$0.0$1.8M$1.3M$0.0$1.2M$0.0
Increase (Decrease) in Deferred Income Taxes-$37.8M-$2.7M-$2.7M-$2.7M-$2.7M—
Increase (Decrease) in Mortgage Loans Held-for-sale$68.1M$13.2M-$61.2M-$95.5M—-$104.4M
Increase (Decrease) in Other Operating Assets$123.3M$71.8M$103.4M$27.7M$90.9M$36.7M
Other Noncash Income (Expense)$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Property and equipment impairments$0.0$12.4M$12.4M$12.4M$12.4M—
Inventory and land option charges—$23.8M$18.4M$27.6M—$10.9M
Land-related charges$8.6M$31.7M$31.7M$31.7M$31.7M—
Other Non-cash Income and Expense$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Other Non-Cash Adjustments$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Other Non-Cash Income and Expense$13.4M$196.0K$184.0K$359.0K-$1.1M$83.0K
Stock-based compensation$15.4M$18.1M$12.8M$12.2M$11.6M$19.4M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$24.5M$29.6M$34.5M$27.3M$31.3M$25.4M
Payment for (Proceeds from) Other Investing Activity-$39.1M$3.4M$3.1M$2.7M—-$383.0K
Payments to Acquire Equity Method Investments$932.0K$6.7M$1.3M$1.2M$6.6M$2.9M
Net cash from investing activities—-$39.7M$0.0-$24.9M-$16.3M-$24.9M
Other investing activities-$39.1M$3.4M$3.1M$2.7M—-$383.0K
Dividend Received from Consumer Healthcare JV$162.0K$0.0$39.4M$6.3M$18.1M$3.0M
Purchases of equity securities$932.0K$6.7M$1.3M$1.2M$6.6M$2.9M
Distributions from DIRECTV in Excess of Earnings$162.0K$0.0$39.4M$6.3M$18.1M$3.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Change in Cash Excluding Exchange Rate Effect—-$377.8M-$8.6M$212.2M$529.2M-$165.4M
Net Change in Cash Excluding FX Effect—-$377.8M-$8.6M$212.2M$529.2M-$165.4M
Net increase (decrease) in cash—-$377.8M-$8.6M$212.2M$529.2M-$165.4M
Net Change in Cash Excluding Exchange Rate Effect—-$377.8M-$8.6M$212.2M$529.2M-$165.4M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0.0$0.0———$794.8M
Repayments of debt$5.4M$2.7M$6.5M$0.0$15.3M$599.7M
Dividends paid$41.1M$45.8M$44.3M$43.6M$43.0M$52.0M
Excise Tax On Share Repurchases$2.4M$2.9M$2.9M$2.9M$2.9M—
Change in federal funds purchased and securities sold under repurchase agreements$6.8M$1.4M$1.4M$1.4M$1.4M—
Payments Land Under Purchase Options, Recorded$11.7M$11.4M$11.1M$10.5M$13.8M$4.6M
Payments Of Debt Issuance Costs$1.5M$0.0———$22.6M
Proceeds from issuances of debt—$0.0———$794.8M
Change in other borrowed funds—-$100.1M—-$94.1M—-$77.3M
Proceeds from liabilities related to consolidated inventory not owned$3.8M$11.1M$5.6M$9.0M$18.5M$6.2M
Net cash from financing activities-$382.9M-$472.3M-$296.6M-$441.2M-$225.6M-$300.2M
Net change in deposits$6.8M$1.4M$1.4M$1.4M$1.4M—
Payment of debt issuance costs$1.5M$0.0———$22.6M
Repurchases of common stock$320.0M$300.0M$300.0M$300.0M$300.0M$308.2M
Taxes paid for net share settlement$134.0K$23.4M$339.0K$542.0K$36.0K$36.8M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$543.1M$104.6M$253.0M$651.1M$739.8M$134.4M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$193.3M$69.7M$322.5M$141.3M$165.2M$3.9M
Income Taxes Paid, Net$193.3M$69.7M$322.5M$141.3M$165.2M$3.9M
Interest paid (capitalized), net$5.9M$3.3M$4.7M$4.8M$4.3M$4.5M