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Pultegroup vs Toll Brothers: revenue, profit, margins and growth compared

Pultegroup brought in $17.3B of revenue in fiscal 2025, Toll Brothers $11B in fiscal 2025. Revenue changed by -3.5% at Pultegroup and +1.1% at Toll Brothers on the year before, so Toll Brothers grew faster. Pultegroup kept 12.8% of its revenue as net profit, Toll Brothers 12.3%. Free cash flow was $1.7B at Pultegroup and $1B at Toll Brothers.

Side by side, latest fiscal year

PHMTOL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (October 31, 2025)
Revenue$17.3B$11B
Revenue growth-3.5%+1.1%
Net income$2.2B$1.3B
Net margin12.8%12.3%
Free cash flow$1.7B$1B
Free cash flow margin10.1%9.4%
Earnings per share (diluted)$11.12$13.49
Cash$2B$1.3B
Debt$43.9Mn/a
Price to earnings10.810.2
Market value$22.5B$12.8B
Dividend yield0.77%0.71%
Rank by revenue in sector#71 of 778 · Consumer discretionary#116 of 778 · Consumer discretionary

Over the years

Revenue
PHM FY2018: $10.2BPHM FY2019: $10.2BPHM FY2020: $11BPHM FY2021: $13.7BPHM FY2022: $16BPHM FY2023: $16.1BPHM FY2024: $17.9BPHM FY2025: $17.3BTOL FY2018: $7.1BTOL FY2019: $7.2BTOL FY2020: $7.1BTOL FY2021: $8.8BTOL FY2022: $10.3BTOL FY2023: $10BTOL FY2024: $10.8BTOL FY2025: $11BFY18FY19FY20FY21FY22FY23FY24FY25
PHM $17.3BTOL $11B
Net income
PHM FY2018: $1BPHM FY2019: $1BPHM FY2020: $1.4BPHM FY2021: $1.9BPHM FY2022: $2.6BPHM FY2023: $2.6BPHM FY2024: $3.1BPHM FY2025: $2.2BTOL FY2018: $748.2MTOL FY2019: $590MTOL FY2020: $446.6MTOL FY2021: $833.6MTOL FY2022: $1.3BTOL FY2023: $1.4BTOL FY2024: $1.6BTOL FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
PHM $2.2BTOL $1.3B
Net margin
PHM FY2018: 10.0%PHM FY2019: 10.0%PHM FY2020: 12.7%PHM FY2021: 14.2%PHM FY2022: 16.4%PHM FY2023: 16.2%PHM FY2024: 17.2%PHM FY2025: 12.8%TOL FY2018: 10.5%TOL FY2019: 8.2%TOL FY2020: 6.3%TOL FY2021: 9.5%TOL FY2022: 12.5%TOL FY2023: 13.7%TOL FY2024: 14.5%TOL FY2025: 12.3%FY18FY19FY20FY21FY22FY23FY24FY25
PHM 12.8%TOL 12.3%
Revenue growth
PHM FY2019: +0.2%PHM FY2020: +8.1%PHM FY2021: +24.5%PHM FY2022: +16.5%PHM FY2023: +0.4%PHM FY2024: +11.7%PHM FY2025: -3.5%TOL FY2019: +1.1%TOL FY2020: -2.0%TOL FY2021: +24.2%TOL FY2022: +16.9%TOL FY2023: -2.7%TOL FY2024: +8.5%TOL FY2025: +1.1%FY19FY20FY21FY22FY23FY24FY25
PHM -3.5%TOL +1.1%
Free cash flow
PHM FY2018: $1.4BPHM FY2019: $1BPHM FY2020: $1.7BPHM FY2021: $931.2MPHM FY2022: $555.8MPHM FY2023: $2.1BPHM FY2024: $1.6BPHM FY2025: $1.7BTOL FY2018: $560MTOL FY2019: $350.7MTOL FY2020: $898.6MTOL FY2021: $1.2BTOL FY2022: $915.1MTOL FY2023: $1.2BTOL FY2024: $936.5MTOL FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
PHM $1.7BTOL $1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Pultegroup and Toll Brothers

Which is bigger by revenue, Pultegroup or Toll Brothers?

Pultegroup is bigger by revenue: $17.3B in fiscal 2025, against $11B for Toll Brothers in fiscal 2025.

Which keeps more of its revenue as profit, Pultegroup or Toll Brothers?

Pultegroup had a net margin of 12.8% in fiscal 2025; Toll Brothers had 12.3% in fiscal 2025.

Which grew revenue faster, Pultegroup or Toll Brothers?

In their latest fiscal years revenue changed by -3.5% at Pultegroup and +1.1% at Toll Brothers.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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