PULTEGROUP, INC. vs Toll Brothers, Inc., two Homebuilders stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
PulteGroup and Toll Brothers are two of the higher-quality homebuilders, Pulte in the move-up and active-adult market, Toll in luxury, and their economics run close: Pulte earns a 15.77% return on equity, Toll 15.18%, on similar margins near 12%. Both run debt-free and convert strong free cash near 7%. Pulte trades at 13.3 times earnings and 2.05 times book, Toll cheaper at 12.4 and 1.85. Pulte pays a slightly bigger dividend. The pair matches two well-run builders serving upscale buyers: their returns and margins are nearly identical, and with Toll a touch cheaper on both earnings and book, the luxury builder edges the move-up specialist on value while their quality is essentially matched.
Comparison updated 2026-07-11.
| Metric | PHM | TOL |
|---|---|---|
| Price | $124.74 | $149.36 |
| Market cap | $24.1B | $14.3B |
| Sector | Homebuilders | Homebuilders |
| Stage | Mature | Mature |
| Implied growth (priced in) | -1.6% | +0.6% |
| P/E | 12.1 | 11.3 |
| P/B | 1.86 | 1.69 |
| P/S | 1.43 | 1.29 |
| EV/EBITDA | 198.6 | 8.1 |
| Revenue growth | -6.2% | +4.6% |
| Operating margin | — | 13.7% |
| Net margin | 12.1% | 11.7% |
| Return on equity | 15.8% | 15.2% |
| Return on assets | 11.2% | 8.9% |
| Return on invested capital | — | 15.1% |
| FCF yield | 7.4% | 8.5% |
| Dividend yield | 0.7% | 0.7% |
| Debt / equity | 0.00 | 0.00 |
| Altman Z (solvency) | 3.69 | 3.12 |
| Piotroski F (quality) | 6 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.