PulteGroupPHMEarnings & Financial Report
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.
Revenue
$3.9B
Gross Profit
$1.1B
Operating Profit
N/A
Net Profit
$522.8M
Gross Margin
28.8%
Operating Margin
N/A
Net Margin
13.4%
YoY Growth
-1.4%
EPS
$2.57
PulteGroup Q1 FY2025 Financial Summary
PulteGroup reported revenue of $3.9B (down 1.4% YoY) for Q1 FY2025, with a net profit of $522.8M (down 21.1% YoY) (13.4% margin). Cost of goods sold was $2.8B.
Key Financial Metrics
| Total Revenue | $3.9B |
|---|---|
| Net Profit | $522.8M |
| Gross Margin | 28.8% |
| Operating Margin | N/A |
| Report Period | Q1 FY2025 |
Revenue Breakdown
PulteGroup Q1 FY2025 revenue of $3.9B breaks down across 8 segments, led by FL at $980.5M (25.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| FL | $980.5M | 25.2% |
| West Member | $888.8M | 22.8% |
| Southeast | $638.7M | 16.4% |
| Midwest Member | $582.4M | 15.0% |
| TX | $412.4M | 10.6% |
| Northeast | $249.7M | 6.4% |
| Financial Services | $90.8M | 2.3% |
| Land | $52.6M | 1.4% |
PulteGroup Revenue by Segment — Quarterly Trend
PulteGroup revenue by segment across the last 4 reported quarters, showing how each business line (such as FL and West Member) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| FL | — | $1.1B | $1.1B | $1.0B |
| West Member | — | $1.1B | $946.7M | $979.8M |
| Southeast | — | $803.0M | $770.3M | $747.0M |
| Midwest Member | — | $734.6M | $719.3M | $691.3M |
| TX | — | $388.0M | $409.2M | $465.9M |
PulteGroup Annual Revenue by Year
PulteGroup annual revenue history includes year-by-year totals (for example, 2025 revenue was $17.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $17.3B |
| 2024 | $17.9B |
PulteGroup Quarterly Revenue & Net Profit History
PulteGroup results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.4B | -12.4% | $347.0M | 10.2% |
| Q4 FY2025 | $4.6B | -6.3% | $501.6M | 10.9% |
| Q3 FY2025 | $4.4B | -1.6% | $585.8M | 13.3% |
| Q2 FY2025 | $4.4B | -4.3% | $608.5M | 13.8% |
| Q1 FY2025 | $3.9B | -1.4% | $522.8M | 13.4% |
| Q4 FY2024 | $4.9B | — | $913.2M | 18.6% |
| Q3 FY2024 | $4.5B | +11.8% | $697.9M | 15.6% |
| Q2 FY2024 | $4.6B | +9.8% | $809.1M | 17.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.60B | $4.48B | $4.92B | $3.89B | $4.40B | $4.40B | $4.61B | $3.41B |
| YoY Growth | 9.8% | 11.8% | N/A | -1.4% | -4.3% | -1.6% | -6.3% | -12.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $16.54B | $16.96B | $17.36B | $17.34B | $17.59B | $17.85B | $18.05B | $5.24B |
| Liabilities | $5.32B | $5.39B | $5.24B | $5.04B | $5.01B | $5.02B | $5.06B | $-7.71B |
| Equity | $11.22B | $11.56B | $12.12B | $12.30B | $12.57B | $12.83B | $12.99B | $12.95B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $417.5M | $455.9M | $567.6M | $134.2M | $287.5M | $678.4M | $771.1M | $159.8M |