PulteGroup management check
PHM · Consumer Discretionary · Homebuilding · CEO Mr. Marshall
Filings as of
6 good · 1 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $286, against $184 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.67 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.7% of net income$15.4m of reported pay in fiscal 2025, against $2.2bn of net income.
- Watch
Do they own the stock?
Insiders are selling2 insiders sold $1.3m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -5.0% a year over the last three fiscal years. Stock-based pay was 0.3% of revenue in the latest year.
- Good
Is leadership stable?
3 leadership filings in 3 yearsCEO in the pay table: Mr. Marshall. 3 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 100 | 70 | |
| Pay for performance | 84 | 79 | |
| CEO cost | 63 | 44 | |
| Skin in the game | — | — | 36 |
| Dilution | 100 | 74 | |
| Stable leadership | 100 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Homebuilding, by management score. PulteGroup is 1st of 47 in its sector.
- 6PHMPulteGroup91
- 9RCLRoyal Caribbean Group89
- 18BKNGBooking Holdings86
- 159NVRNVR, Inc.72
- 176DHID. R. Horton71
- 439LENLennar48
Pay versus performance
From the proxy statement filed March 13, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Marshall | $15.4m | $24.3m | $3.7m | $286 | $184 | $2.2bn |
| 2024 | Mr. Marshall | $18.4m | $25.0m | $4.6m | $263 | $193 | $3.1bn |
| 2023 | Mr. Marshall | $12.5m | $39.7m | $2.9m | $248 | $188 | $2.6bn |
| 2022 | Mr. Marshall | $14.5m | $10.9m | $4.4m | $108 | $111 | $2.6bn |
| 2021 | Mr. Marshall | $16.1m | $20.6m | $5.0m | $134 | $150 | $1.9bn |
The board says pay is tied most to Adjusted pre-tax Income. Its other key measures: Adjusted Pre-Tax Income, Operating Margin, Relative Total Shareholder Return, Relative Return on Equity, Relative Operating Margin.
Insiders and the CEO's stake
2 insiders sold $1.3m in the last six months and none bought.
- SoldMatthew William KoartExec. VP & COO$895kMay 27, 2026
- SoldLila SnyderDirector$391kMay 8, 2026
Leadership and governance on file
- Feb 9, 2026Leadership change8-K 5.02
- Mar 18, 2025Leadership change8-K 5.02
- Jul 22, 2024Leadership change8-K 5.02
- May 16, 2023Leadership change8-K 5.02
- Dec 16, 2022Leadership change8-K 5.02
- Oct 25, 2022Leadership change8-K 5.02
- May 6, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 1, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $6.2bn returned to owners in buybacks and dividends, 49% of net income, and $237.4m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.7bn | $16.0bn | $16.1bn | $17.9bn | $17.3bn |
| Net income | $1.9bn | $2.6bn | $2.6bn | $3.1bn | $2.2bn |
| Stock-based pay | $36.7m | $43.0m | $48.2m | $54.7m | $54.8m |
| Buybacks | $897.3m | $1.1bn | $1.0bn | $1.2bn | $1.2bn |
| Dividends | $147.8m | $144.1m | $142.5m | $167.7m | $176.7m |
| Diluted shares | 260m | 236m | 221m | 210m | 200m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.