Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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Method
MethodCoverageAbout
PultegroupPHM · other
GradeNonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required
Reliability0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025
Peer failure rate0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size bandover $2.67B assetstotal assets $18.0B[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsthin data · fortress balance sheetnot computable: distress
Inputs computable5 of 14
Graded fromfilings received through Feb 4, 2026247 days before the rescan; every figure keyed to the SEC receipt date
Last close$113.522026-10-08; market equity $21.3B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$120$140NovDecJanFebMarAprMayJunJulAugSepOct$113.53
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/aQ5

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Feb 4, 2026; the document on sec.gov.

In 2025, consumer demand weakened due to ongoing affordability challenges, resulting from elevated mortgage interest rates and higher housing costs, as well as volatility in other macroeconomic and geopolitical conditions, including higher job losses and weakened consumer confidence. We have responded to these conditions by adjusting production cadence and sales prices where necessary and focusing sales incentives on discounts on spec inventory (houses without customer orders) and closing cost incentives, especially mortgage interest rate buydowns. Despite these efforts, net new orders in units decreased 4% in 2025 versus 2024.

Warnings [top]

Thin data. 5 of 14 grade factors are computable; minimum is 7
Fortress balance sheet. cash minus debt is 1,936,969,000 USD; Altman Z is not used[3-4]

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 87.3
Gross profitabilitynot computable27.1%
one or more required annual facts are missing
Return on invested capitalnot computable10.0%
one or more required annual facts are missing
Accruals ratio2.0%[1,5-7](5.9%)87.35062025-12-31
Gross margin stability, five yearsnot computable2.2 pts
five annual gross margins are required; found 0
Solvency
Twelve-month failure probabilitynot computable0.04%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-primenot computable2.05
one or more required annual facts are missing
Net debt to EBITDAnot computable2.52x
one or more required annual facts are missing
Interest coveragenot computable2.18x
one or more required annual facts are missing
Current rationot computable1.32x
one or more required annual facts are missing
Growth and financing, sleeve percentile 30.8
Revenue growth, three-year compound2.7%[2,8-10]5.1%58.24032025-12-31
Free cash flow growth, three-year compound46.5%[6,11-17]8.7%14.22202025-12-31
Reinvestment ratenot computable11.9%
one or more required annual facts are missing
Asset growth, three years6.8%[1,7,18-19]4.1%37.14382025-12-31
Net share issuance, one year(5.0%)[20-21](0.4%)13.83562026-01-22

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 336 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month(4.0%)2.0%44hotter than 44 of 100 peers
Distance from 52-week high(20.4%)(26.8%)60closer to its high than 60 of 100 peers
EBIT to enterprise valuenot computable4.4%required accounting or market input is missing
Free cash flow yield8.2%4.1%78pricier than 22 of 100 peers
Book value to price0.610.3473pricier than 27 of 100 peers
Sales to price0.810.7055pricier than 45 of 100 peers
Composite equity issuance, five years(40.3%)(8.8%)6more equity-funded than 6 of 100 peers
Relative strength against the sector, log excess return(0.19)(0.13)44ahead of 44 of 100 peers

Inputs: market equity $21.3B; free cash flow $1.7B; book equity $13.0B; sales $17.3B; debt $43.9M; cash $1.3B[22].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero12.8%✓ pass[5,7]
Operating cash flow above zero$1.9B✓ pass[6]
Return on assets improved(6.4 pts)✗ fail[5,7,18,23]
Operating cash flow exceeds net income-$347.5M✗ fail[5-6]
Long-term leverage fell0.1 pts✗ fail[1,4,7,18,24]
Current ratio improvedn/a
No new shares issued(5.0%)✓ pass[20-21]
Gross margin improvedn/a
Asset turnover improved(11.9 pts)✗ fail[2,7-8,18]
Cash, filings, liquidity
Cash and equivalents$1.3B[25]
Operating cash flow, four quarters$1.6B[6,25-29]
Months of runwaynot finite
trailing operating cash flow is nonnegative, so runway is not finite
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing79
10-Q received Jul 22, 2026
Median daily dollar volume$182.8M
63 sessions
Days since newest grade input247

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$18.0B2025-12-312026-02-0410-Kfiling · viewer · series
2revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$17.3B2025-12-312026-02-0410-Kfiling · viewer · series
3cashus-gaap:CashAndCashEquivalentsAtCarryingValue$2.0B2025-12-312026-02-0410-Kfiling · viewer · series
4total debtus-gaap:LongTermDebt$43.9M2025-12-312026-02-0410-Kfiling · viewer · series
5net incomeus-gaap:NetIncomeLoss$2.2B2025-12-312026-02-0410-Kfiling · viewer · series
6operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.9B2025-12-312026-02-0410-Kfiling · viewer · series
7assetsus-gaap:Assets$17.4B2024-12-312026-02-0410-Kfiling · viewer · series
8revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$17.9B2024-12-312026-02-0410-Kfiling · viewer · series
9revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$16.1B2023-12-312026-02-0410-Kfiling · viewer · series
10revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax$16.0B2022-12-312025-02-0610-Kfiling · viewer · series
11capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$122.7M2025-12-312026-02-0410-Kfiling · viewer · series
12operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.7B2024-12-312026-02-0410-Kfiling · viewer · series
13capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$118.5M2024-12-312026-02-0410-Kfiling · viewer · series
14operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$2.2B2023-12-312026-02-0410-Kfiling · viewer · series
15capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$92.2M2023-12-312026-02-0410-Kfiling · viewer · series
16operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$668.5M2022-12-312025-02-0610-Kfiling · viewer · series
17capital expenditureus-gaap:PaymentsToAcquirePropertyPlantAndEquipment$112.7M2022-12-312025-02-0610-Kfiling · viewer · series
18assetsus-gaap:Assets$16.1B2023-12-312025-02-0610-Kfiling · viewer · series
19assetsus-gaap:Assets$14.8B2022-12-312024-02-0510-Kfiling · viewer · series
20shares outstandingdei:EntityCommonStockSharesOutstanding192,327,8852026-01-222026-02-0410-Kfiling · viewer · series
21shares outstandingdei:EntityCommonStockSharesOutstanding202,457,9522025-01-232025-02-0610-Kfiling · viewer · series
22shares outstandingdei:EntityCommonStockSharesOutstanding187,452,5402026-07-152026-07-2210-Qfiling · viewer · series
23net incomeus-gaap:NetIncomeLoss$3.1B2024-12-312026-02-0410-Kfiling · viewer · series
24long term debtus-gaap:LongTermDebt$31.1M2024-12-312025-02-0610-Kfiling · viewer · series
25cashus-gaap:CashAndCashEquivalentsAtCarryingValue$1.3B2026-06-302026-07-2210-Qfiling · viewer · series
26operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$176.8M2026-06-302026-07-2210-Qfiling · viewer · series
27operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$159.8M2026-03-312026-04-2310-Qfiling · viewer · series
28operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$1.1B2025-09-302025-10-2110-Qfiling · viewer · series
29operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities$421.7M2025-06-302026-07-2210-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026