What is Pultegroup's midwest — house and land inventory?

Pultegroup (PHM) reported midwest — house and land inventory of $1.32B in Q4 2023.

What does midwest — house and land inventory mean?

The total value of all housing-related assets held in the Midwest.

How do you interpret midwest — house and land inventory?

Growth in this metric should ideally correlate with expected future sales growth to ensure efficient inventory turnover.

How does midwest — house and land inventory compare across companies?

Standard 'Total Inventory' metric for homebuilders.

Pultegroup PHM Midwest — House and land inventory

Discontinued — last reported Q4 '23

Other segment segments

Homebuilding

$13.3B+2.6%

Financial Services

$0—

Similar metrics at other companies

TOLMid-Atlantic — Inventory

$1.66B+18.7%

BXMTMidwest — Loans held

$934.68M-14.4%

SEVNMidwest — Amortized Cost

$105.24M-23.7%

BXMTUnited States Midwest — Mortgage Loans On Real Estate

$1.2B+17.1%

SEVNMidwest — Percentage of Value

14%-7.0pp

TOLNorth — Inventory

$1.39B+12.5%

Other financials

Income statement

See full

Revenue$3.4B-12.4%

Gross profit$881.3M-21.5%

Net income$347.0M-33.6%

EPS (diluted)$1.79-30.4%

Balance sheet

See full

Cash & equivalents$1.8B+44.5%

Total debt$129.6M+7.0%

Total equity$13.0B+5.3%

Total assets$18.2B+5.0%

Cash flow

See full

Operating cash flow$159.8M+19.0%

CapEx$25.4M-14.2%

Free cash flow$134.4M+28.4%

Valuation

See full

Market cap$24.18B+8.7%

Enterprise value$22.47B+6.4%

P/E11.8×+4.3×

P/S1.4×+0.2×

Profitability

See full

Gross margin26.7%—

Net margin12.1%-4.3pp

FCF margin10.6%+2.5pp

Returns & leverage

See full

Return on equity16.2%-9.3pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Pultegroup in its filing.

Tagged under the XBRL concept us-gaap:InventoryOperativeBuilders.

The official record: Pultegroup’s 10-K, filed February 5, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pultegroup's midwest — house and land inventory?: Pultegroup (PHM) reported midwest — house and land inventory of $1.32B in Q4 2023.
What does midwest — house and land inventory mean?: The total value of all housing-related assets held in the Midwest.
How do you interpret midwest — house and land inventory?: Growth in this metric should ideally correlate with expected future sales growth to ensure efficient inventory turnover.
How does midwest — house and land inventory compare across companies?: Standard 'Total Inventory' metric for homebuilders.