PHM vs MHO vs MTH Stock Comparison

Pultegroup, M and Meritage Homes Prices as of Oct 28, 2026 Peers: Industry group
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PHM Pultegroup Inc/Mi/
$119.71 +0.4% 1M -0.9% 1Y
Market cap
$22.04B
P/E
12.4x
Revenue (TTM)
$15.98B
Div. yield
0.87%
Homebuilders Consumer Discretionary
5 wins
MHO M/I Homes, Inc.
$123.57 -10.2% 1M -5.7% 1Y
Market cap
$3.09B
P/E
11.3x
Revenue (TTM)
$4.21B
Div. yield
–
Homebuilders Consumer Discretionary
3 wins
MTH Meritage Homes CORP
$61.95 -4.7% 1M -12.8% 1Y
Market cap
$4.04B
P/E
13.7x
Revenue (TTM)
—
Div. yield
3.02%
Homebuilders Consumer Discretionary
2 wins

Head to Head

10 decided of 12

Pultegroup leads on 5 of the 12 questions below (Pultegroup 5, M 3, Meritage Homes 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPHMMHOMTHLeader
Larger companyMarket capitalisation $22.04B $3.09B $4.04B PHM
Cheaper on earningsLower P/E, profitable companies only 12.4x 11.3x 13.7x MHO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.4x 10.5x 12.5x MHO
Faster revenue growthRevenue growth, trailing twelve months -9.3% -6.0% — MHO
More profitableNet margin, trailing twelve months 11.2% 6.6% — PHM
Better return on capitalReturn on invested capital 14.1% — — –
Less leveragedLower net debt / EBITDA 0.1x — — –
Higher dividend yieldTrailing dividend yield 0.87% 0.00% 3.02% MTH
Better 1-year returnPrice return, last 12 months -0.9% -5.7% -12.8% PHM
Better 5-year returnAnnualised price return, 5 years +20.0%/yr +16.6%/yr +2.7%/yr PHM
Less volatileAnnualised volatility, 1 year 33.1% 33.8% 38.8% PHM
Higher overall scoreMean of the five percentile scores vs peers 65/100 58/100 71/100 MTH

Percentile Scorecard

PHMMHOMTH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPHMMHOMTH
Valuation 45 #12 of 21 50 #11 of 21 95 #2 of 21
Growth 61 #8 of 19 44 #11 of 19 56 #9 of 19
Profitability 80 #4 of 16 33 #11 of 16 –
Financial Health 87 #3 of 16 80 #4 of 16 –
Shareholder Returns 50 #9 of 17 81 #4 of 17 63 #7 of 17
Overall 65 58 71
  • PHM ranked among 24 companies in Homebuilding
  • MHO ranked among 24 companies in Homebuilding
  • MTH ranked among 24 companies in Homebuilding

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPHMMHOMTHSPY
1 month +0.4%-10.2%-4.7% +0.9%
3 months -9.6%-20.0%-13.4% +5.9%
6 months -0.8%-4.9%-7.6% +8.5%
Year to date +2.1%-3.4%-5.9% +13.3%
1 year -0.9%-5.7%-12.8% +12.4%
3 years +66.4%+52.0%+11.1% +88.1%
3 years, per year +18.5%+15.0%+3.6% +23.5%
5 years +149.0%+115.8%+14.0% +68.2%
5 years, per year +20.0%+16.6%+2.7% +11.0%
10 years +546.7%+478.8%+301.5% +263.4%
10 years, per year +20.5%+19.2%+14.9% +13.8%

Risk

MeasurePHMMHOMTHSPY
Volatility, 1Y 33.1%33.8%38.8% 12.7%
Downside volatility, 1Y 30.1%32.1%35.3% 12.7%
Beta vs S&P 500, 1Y 0.890.760.98 1.00
Return / volatility, 1Y -0.03-0.17-0.33 0.98
Max drawdown, 5Y -38.3%-44.7%-46.8% -25.4%
From 52-week high -16.0%-24.2%-27.3% -0.9%
52-week high $142.56$163.00$85.18 $779.14
52-week low $109.38$114.03$57.86 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePHMMHOMTH
P/E now vs peer median 12.4xmedian 13.2x 11.3xmedian 13.2x 13.7xmedian 13.2x
P/S now vs peer median 1.4xmedian 0.6x 0.7xmedian 0.6x 0.4xmedian 0.6x
EV/EBITDA now vs peer median 8.1xmedian 9.6x —median 9.6x —median 9.6x
P/FCF now vs peer median 17.0xmedian 15.9x 22.6xmedian 15.9x 10.0xmedian 15.9x
P/B now vs peer median 1.7xmedian 1.1x 1.0xmedian 1.1x 0.8xmedian 1.1x
PEG now vs peer median -1.41median 1.91 -0.79median 1.91 -0.54median 1.91

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPHMMHOMTH
Revenue $15.98B $4.21B –
Gross profit $4.21B – –
Operating income $2.66B – –
Net income $1.80B $277.42M $297.75M
Free cash flow $1.30B $137.09M –
EPS (diluted) $9.56 $10.69 $4.50
Cash & equivalents $1.41B $620.60M $677.50M
Total debt $1.81B $230.42M –
Shares (diluted) 187.84M 25.95M 66.13M
Enterprise value $15.40B $279.97M $4.04B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPHMMHOMTH
P/E 12.4x 11.3x 13.7x
P/FCF 17.0x 22.6x 10.0x
P/Operating cash flow 15.7x 20.6x 8.0x
P/S 1.4x 0.7x 0.4x
P/B 1.7x 1.0x 0.8x
P/Tangible book 1.7x 1.0x 0.8x
EV/EBITDA 8.1x – –
EV/EBIT 8.4x – –
EV/Revenue 1.4x 0.6x –
EV/FCF 17.3x 19.7x –
EV/Operating cash flow 15.9x 18.0x 8.0x
PEG (3Y EPS CAGR) -1.41 -0.79 -0.54

Growth

14 metrics
MetricPHMMHOMTH
Revenue growth (1Y) -9.3% -6.0% –
Revenue CAGR (3Y) -1.8% -0.6% –
Gross profit growth (1Y) -16.2% – –
Gross profit CAGR (3Y) -6.5% – –
Operating income growth (1Y) -27.0% – –
Operating income CAGR (3Y) -11.2% – –
Net income growth (1Y) -31.7% -41.3% -45.0%
Net income CAGR (3Y) -13.5% -17.3% -28.1%
EPS growth (1Y) -28.0% -38.5% -40.8%
EPS CAGR (3Y) -8.8% -14.3% -25.3%
Operating cash flow growth (1Y) -15.6% -39.9% 323.7%
Operating cash flow CAGR (3Y) -21.2% -40.0% -21.4%
Free cash flow growth (1Y) -16.3% -43.6% –
Free cash flow CAGR (3Y) -22.5% -41.5% –

Profitability

14 metrics
MetricPHMMHOMTH
Gross margin 26.3% – –
EBITDA margin 17.3% – –
Operating margin 16.6% – –
Pretax margin 16.6% – –
Net margin 11.2% 6.6% –
FCF margin 8.1% 3.3% –
Operating cash flow margin 8.8% 3.6% –
Return on equity 16.1% – –
Return on assets 11.4% – –
Return on invested capital 14.1% – –
Return on capital employed – – –
Asset turnover 0.9x 0.9x –
Cash conversion (OCF / net income) 0.8x 0.5x 1.7x
Stock comp / revenue 0.4% 0.4% –

Financial Health

11 metrics
MetricPHMMHOMTH
Debt / assets 9.8% 4.7% –
Debt / equity 0.1x 0.1x –
Net debt / EBITDA 0.1x – –
Debt / FCF 1.4x 1.7x –
Liabilities / assets 29.2% 33.1% 33.5%
Equity / assets 70.8% 66.9% 66.5%
Interest coverage – – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricPHMMHOMTH
Dividend yield 0.9% – 3.0%
Net buyback yield 6.0% 6.2% –
Shareholder yield 6.9% 6.2% 3.0%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPHMMHOMTH
Forward P/E 13.4xFY2026 10.5xFY2026 12.5xFY2026
EPS, next fiscal year $8.93FY2026 $11.78FY2026 $4.96FY2026
EPS growth, next FY -19.7%FY2026 -28.1%FY2026 -21.9%FY2026
EPS growth, the year after +3.5% +10.4% +4.0%
Revenue, next fiscal year $16.06BFY2026 $4.07BFY2026 $5.10BFY2026
Revenue growth, next FY -7.2%FY2026 -7.9%FY2026 -12.4%FY2026
Revenue growth, the year after +4.0% +4.7% +14.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPHMMHOMTH
Held by institutions 94.3% 96.2% 100.0%
Institutions holding 1,042 353 398
Change in shares held, QoQ +1.7% +1.6% +2.7%
Institutions buying 485 190 204
Institutions selling 403 120 146
Buyers to sellers 1.20 1.58 1.40

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PHMMHOMTH
PHM 1.00 0.83 0.89
MHO 0.83 1.00 0.84
MTH 0.89 0.84 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PHM, MHO and MTH?

Pultegroup (PHM) is the largest by market capitalisation: Pultegroup (PHM) $22.04B, M (MHO) $3.09B, Meritage Homes (MTH) $4.04B.

Which stock is cheaper, PHM, MHO and MTH?

M (MHO) trades on the lowest price-to-earnings ratio (Pultegroup (PHM) 12.4x, M (MHO) 11.3x, Meritage Homes (MTH) 13.7x). On next year's consensus earnings, M (MHO) is cheapest (Pultegroup (PHM) 13.4x, M (MHO) 10.5x, Meritage Homes (MTH) 12.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

M (MHO) grew revenue fastest over the trailing twelve months: Pultegroup (PHM) -9.3%, M (MHO) -6.0%.

Which company is more profitable?

Pultegroup (PHM) has the highest net margin (Pultegroup (PHM) 11.2%, M (MHO) 6.6%).

Which stock has performed better?

Over the past year Pultegroup (PHM) returned the most: Pultegroup (PHM) -0.9%, M (MHO) -5.7%, Meritage Homes (MTH) -12.8%. Over five years, Pultegroup (PHM) compounded fastest (Pultegroup (PHM) +20.0%/yr, M (MHO) +16.6%/yr, Meritage Homes (MTH) +2.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Meritage Homes (MTH) has the highest dividend yield: Pultegroup (PHM) 0.87%, M (MHO) 0.00%, Meritage Homes (MTH) 3.02%. M (MHO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Pultegroup (PHM) has been the steadiest (Pultegroup (PHM) 33.1%, M (MHO) 33.8%, Meritage Homes (MTH) 38.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PHM, MHO and MTH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Pultegroup (PHM) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.