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Side-by-side financial comparison of PulteGroup (PHM) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.

PulteGroup is the larger business by last-quarter revenue ($3.4B vs $2.6B, roughly 1.3× Vertiv Holdings Co). Vertiv Holdings Co runs the higher net margin — 14.7% vs 10.2%, a 4.5% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs -12.4%). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% CAGR vs -13.9%).

PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.

Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.

PHM vs VRT — Head-to-Head

Bigger by revenue
PHM
PHM
1.3× larger
PHM
$3.4B
$2.6B
VRT
Growing faster (revenue YoY)
VRT
VRT
+42.6% gap
VRT
30.1%
-12.4%
PHM
Higher net margin
VRT
VRT
4.5% more per $
VRT
14.7%
10.2%
PHM
Faster 2-yr revenue CAGR
VRT
VRT
Annualised
VRT
16.5%
-13.9%
PHM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PHM
PHM
VRT
VRT
Revenue
$3.4B
$2.6B
Net Profit
$347.0M
$390.1M
Gross Margin
37.7%
Operating Margin
Net Margin
10.2%
14.7%
Revenue YoY
-12.4%
30.1%
Net Profit YoY
-33.6%
137.1%
EPS (diluted)
$0.99

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PHM
PHM
VRT
VRT
Q1 26
$3.4B
$2.6B
Q4 25
$4.6B
$2.9B
Q3 25
$4.4B
$2.7B
Q2 25
$4.4B
$2.6B
Q1 25
$3.9B
$2.0B
Q4 24
$4.9B
$2.3B
Q3 24
$4.5B
$2.1B
Q2 24
$4.6B
$2.0B
Net Profit
PHM
PHM
VRT
VRT
Q1 26
$347.0M
$390.1M
Q4 25
$501.6M
$445.6M
Q3 25
$585.8M
$398.5M
Q2 25
$608.5M
$324.2M
Q1 25
$522.8M
$164.5M
Q4 24
$913.2M
$147.0M
Q3 24
$697.9M
$176.6M
Q2 24
$809.1M
$178.1M
Gross Margin
PHM
PHM
VRT
VRT
Q1 26
37.7%
Q4 25
38.9%
Q3 25
27.8%
37.8%
Q2 25
28.6%
34.0%
Q1 25
28.8%
33.7%
Q4 24
37.1%
Q3 24
30.4%
36.5%
Q2 24
31.4%
38.0%
Operating Margin
PHM
PHM
VRT
VRT
Q1 26
Q4 25
20.1%
Q3 25
19.3%
Q2 25
16.8%
Q1 25
14.3%
Q4 24
19.5%
Q3 24
17.9%
Q2 24
17.2%
Net Margin
PHM
PHM
VRT
VRT
Q1 26
10.2%
14.7%
Q4 25
10.9%
15.5%
Q3 25
13.3%
14.9%
Q2 25
13.8%
12.3%
Q1 25
13.4%
8.1%
Q4 24
18.6%
6.3%
Q3 24
15.6%
8.5%
Q2 24
17.6%
9.1%
EPS (diluted)
PHM
PHM
VRT
VRT
Q1 26
$0.99
Q4 25
$2.56
$1.14
Q3 25
$2.96
$1.02
Q2 25
$3.03
$0.83
Q1 25
$2.57
$0.42
Q4 24
$4.41
$0.38
Q3 24
$3.35
$0.46
Q2 24
$3.83
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PHM
PHM
VRT
VRT
Cash + ST InvestmentsLiquidity on hand
$1.8B
$2.5B
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$13.0B
$4.2B
Total Assets
$5.2B
$13.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHM
PHM
VRT
VRT
Q1 26
$1.8B
$2.5B
Q4 25
$2.0B
$1.7B
Q3 25
$1.5B
$1.4B
Q2 25
$1.2B
$1.6B
Q1 25
$1.2B
$1.5B
Q4 24
$1.6B
$1.2B
Q3 24
$1.4B
$908.7M
Q2 24
$1.4B
$579.7M
Total Debt
PHM
PHM
VRT
VRT
Q1 26
$0
Q4 25
$43.9M
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$2.9B
Q4 24
$31.1M
$2.9B
Q3 24
$2.9B
Q2 24
$2.9B
Stockholders' Equity
PHM
PHM
VRT
VRT
Q1 26
$13.0B
$4.2B
Q4 25
$13.0B
$3.9B
Q3 25
$12.8B
$3.5B
Q2 25
$12.6B
$3.1B
Q1 25
$12.3B
$2.7B
Q4 24
$12.1B
$2.4B
Q3 24
$11.6B
$1.8B
Q2 24
$11.2B
$1.5B
Total Assets
PHM
PHM
VRT
VRT
Q1 26
$5.2B
$13.4B
Q4 25
$18.0B
$12.2B
Q3 25
$17.9B
$10.8B
Q2 25
$17.6B
$10.4B
Q1 25
$17.3B
$9.5B
Q4 24
$17.4B
$9.1B
Q3 24
$17.0B
$8.9B
Q2 24
$16.5B
$8.1B
Debt / Equity
PHM
PHM
VRT
VRT
Q1 26
0.00×
Q4 25
0.00×
0.74×
Q3 25
0.83×
Q2 25
0.93×
Q1 25
1.10×
Q4 24
0.00×
1.20×
Q3 24
1.62×
Q2 24
1.91×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PHM
PHM
VRT
VRT
Operating Cash FlowLast quarter
$159.8M
Free Cash FlowOCF − Capex
$652.8M
FCF MarginFCF / Revenue
24.6%
Capex IntensityCapex / Revenue
0.7%
4.2%
Cash ConversionOCF / Net Profit
0.46×
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHM
PHM
VRT
VRT
Q1 26
$159.8M
Q4 25
$771.1M
$978.9M
Q3 25
$678.4M
$508.7M
Q2 25
$287.5M
$322.9M
Q1 25
$134.2M
$303.3M
Q4 24
$567.6M
$425.2M
Q3 24
$455.9M
$378.2M
Q2 24
$417.5M
$378.4M
Free Cash Flow
PHM
PHM
VRT
VRT
Q1 26
$652.8M
Q4 25
$739.8M
$885.6M
Q3 25
$651.1M
$463.5M
Q2 25
$253.0M
$277.9M
Q1 25
$104.6M
$266.8M
Q4 24
$543.1M
$364.5M
Q3 24
$417.2M
$341.8M
Q2 24
$386.2M
$344.3M
FCF Margin
PHM
PHM
VRT
VRT
Q1 26
24.6%
Q4 25
16.0%
30.8%
Q3 25
14.8%
17.3%
Q2 25
5.7%
10.5%
Q1 25
2.7%
13.1%
Q4 24
11.0%
15.5%
Q3 24
9.3%
16.5%
Q2 24
8.4%
17.6%
Capex Intensity
PHM
PHM
VRT
VRT
Q1 26
0.7%
4.2%
Q4 25
0.7%
3.2%
Q3 25
0.6%
1.7%
Q2 25
0.8%
1.7%
Q1 25
0.8%
1.8%
Q4 24
0.5%
2.6%
Q3 24
0.9%
1.8%
Q2 24
0.7%
1.7%
Cash Conversion
PHM
PHM
VRT
VRT
Q1 26
0.46×
Q4 25
1.54×
2.20×
Q3 25
1.16×
1.28×
Q2 25
0.47×
1.00×
Q1 25
0.26×
1.84×
Q4 24
0.62×
2.89×
Q3 24
0.65×
2.14×
Q2 24
0.52×
2.12×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PHM
PHM

Home sale revenues$3.3B97%
Financial Services$71.7M2%
Land sale and other revenues$29.3M1%

VRT
VRT

Segment breakdown not available.

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