Earnings summaries and quarterly performance for PULTEGROUP INC/MI/.
Executive leadership at PULTEGROUP INC/MI/.
Ryan R. Marshall
Detailed
President and Chief Executive Officer
CEO
JL
James L. Ossowski
Detailed
Executive Vice President and Chief Financial Officer
KA
Kevin A. Henry
Detailed
Executive Vice President and Chief People Officer
MK
Matthew Koart
Detailed
Executive Vice President and Chief Operating Officer
TN
Todd N. Sheldon
Detailed
Executive Vice President, General Counsel and Corporate Secretary
Board of directors at PULTEGROUP INC/MI/.
AJ
André J. Hawaux
Detailed
Director
BP
Brian P. Anderson
Detailed
Director
BB
Bryce Blair
Detailed
Director
CW
Cheryl W. Grisé
Detailed
Director
JR
John R. Peshkin
Detailed
Director
KA
Kristen Actis-Grande
Detailed
Director
LS
Lila Snyder
Detailed
Director
SF
Scott F. Powers
Detailed
Director
TJ
Thomas J. Folliard
Detailed
Non-Executive Chairman of the Board
Research analysts who have asked questions during PULTEGROUP INC/MI/ earnings calls.
JL
John Lovallo
UBS Group AG
8 questions for PHM
Also covers: AWI, AZEK, BLDR +14 more
MR
Michael Rehaut
JPMorgan Chase & Co.
8 questions for PHM
Also covers: AZEK, BECN, BLD +17 more
SK
Stephen Kim
Evercore ISI
8 questions for PHM
Also covers: AWI, BLD, DHI +11 more
Alan Ratner
Zelman & Associates
7 questions for PHM
Also covers: BZH, CCS, DHI +9 more
AP
Anthony Pettinari
Citigroup Inc.
6 questions for PHM
Also covers: AMBP, AMCR, AVY +26 more
Kenneth Zener
Seaport Research Partners
6 questions for PHM
Also covers: BLD, CCS, DHI +7 more
SR
Sam Reid
Wells Fargo
5 questions for PHM
Also covers: CNM, CSWI, DHI +8 more
Matthew Bouley
Barclays PLC
4 questions for PHM
Also covers: AZEK, BLDR, CNM +18 more
Matthew Bouley
Barclays
4 questions for PHM
Also covers: CNM, DHI, FERG +5 more
CR
Carl Reichardt
BTIG, LLC
3 questions for PHM
Also covers: BV, CCS, DHI +7 more
JM
Jay McCanless
Wedbush Securities
3 questions for PHM
Also covers: BLDR, BZH, CCS +20 more
Michael Dahl
RBC Capital Markets
3 questions for PHM
Also covers: AHR, AZEK, BECN +20 more
Mike Dahl
RBC Capital Markets
3 questions for PHM
Also covers: BECN, BLDR, CNM +13 more
Rafe Jadrosich
Bank of America
3 questions for PHM
Also covers: AWI, BLD, BLDR +14 more
SM
Susan Maklari
Goldman Sachs Group Inc.
3 questions for PHM
Also covers: ALH, AOS, AWI +24 more
Trevor Allinson
Wolfe Research, LLC
2 questions for PHM
Also covers: AMWD, AZEK, BECN +18 more
TP
Truman Patterson
Wolfe Research
2 questions for PHM
BH
Buck Horne
Raymond James Financial, Inc.
1 question for PHM
Also covers: CLPR, DHI, FPI +8 more
Christopher Kalata
RBC Capital Markets
1 question for PHM
Also covers: AZEK, GMS, IBP +3 more
IL
Ivy Lynne Zelman
Zelman & Associates
1 question for PHM
Also covers: TOL
PP
Paul Przybylski
Wolfe Research, LLC
1 question for PHM
Also covers: AMWD, SDHC, TMHC +1 more
RC
Rafe Chadrosic
Bank of America
1 question for PHM
RR
Richard Reid
Wells Fargo & Company
1 question for PHM
Also covers: CNM, DHI, FERG +5 more
Recent press releases and 8-K filings for PHM.
PulteGroup reports Q4 2025 results
PHM
Earnings
Guidance Update
- Home sale revenues of $4.5 billion (-5% YoY), 7,821 homes closed (-3%), and $573,000 average sales price (-1%) in Q4 2025.
- Gross margin of 24.7% (including $35 million of land impairments) and incentives at 9.9% of sales versus 7.2% in Q4 2024.
- Net income of $502 million (EPS $2.56) versus $913 million (EPS $4.43) in Q4 2024; full-year 2025 net income of $2.2 billion (EPS $11.12).
- Strong liquidity with $2 billion cash, net debt-to-capital of -3%, and 235,000 lots under control at year-end.
- 2026 guidance: Q1 closings of 5,700–6,100 homes, full-year closings of 28,500–29,000 homes, ASP of $550,000–560,000, and gross margins of 24.5–25.0%.
5 days ago
PulteGroup reports Q4 2025 results
PHM
Earnings
Guidance Update
Share Buyback
- Q4 home sale revenues of $4.5 billion (-5% y/y) on 7,821 closings (-3% y/y) with an average selling price of $573,000 (-1% y/y).
- Q4 gross margin of 24.7% versus 27.5% last year, including $35 million of land impairments (80 bps) and incentives of 9.9% of home sale price (7.2% LY).
- Q4 net income of $502 million or $2.56 per share, down from $913 million or $4.43 PS in Q4 2024; FY 2025 net income of $2.2 billion or $11.12 PS.
- Year-end liquidity and capital allocation: $2 billion cash, net debt-to-capital of -3% ; repurchased 10.6 million shares for $1.2 billion in 2025, with $983 million remaining authorization.
- 2026 guidance: 28,500–29,000 home closings; ASP of $550,000–$560,000; gross margin 24.5%–25.0%; SG&A 9.5%–9.7% of revenue; tax rate ~24.5%.
5 days ago
PulteGroup reports Q4 2025 results
PHM
Earnings
Guidance Update
Share Buyback
- Reported net income of $502 million, or $2.56 per share, in Q4 2025.
- Home sale revenues declined 5% to $4.5 billion; Q4 closings were 7,821 homes (-3% YoY) with an average sales price of $573,000.
- Q4 home sale gross margin contracted to 24.7% from 27.5% a year ago; incentives rose to 9.9% of revenues (vs. 7.2% in Q4 2024).
- Issued Q1 2026 guidance for 5,700–6,100 closings, 24.5–25.0% gross margin, and average sales price of $550–560K.
- Returned capital with repurchases of 2.4 million shares for $300 million in Q4 (10.6 million shares/$1.2 billion full-year) and ended 2025 with $2.0 billion cash and an 11.2% debt-to-capital ratio.
5 days ago
PulteGroup reports Q4 and full-year 2025 results
PHM
Earnings
Guidance Update
M&A
- PulteGroup closed 2025 with home sale revenues of $16.7 billion, gross/operating margins of 26.3%/16.9%, net income of $2.2 billion, and cash flow from operations of $1.9 billion.
- In Q4 2025, the company delivered $4.5 billion in home sale revenues on 7,821 closings and reported a 24.7% gross margin (including $35 million of land impairments).
- For 2026, PulteGroup guides to 28,500–29,000 home closings, an average sales price of $550,000–$560,000, gross margins of 24.5%–25.0%, and SG&A of 9.5%–9.7% of revenue.
- The balance sheet remains strong with $2 billion of cash, a net debt-to-capital ratio of –3%, and 235,000 lots under control; the company also plans to divest its off-site manufacturing operations, recording an $81 million charge in Q4.
5 days ago
PulteGroup reports Q4 2025 results
PHM
Earnings
Share Buyback
- PulteGroup reported net income of $502 million, or $2.56 per diluted share, in Q4 2025, compared with $913 million, or $4.43 per share, in Q4 2024.
- Q4 home sale revenues were $4.48 billion from 7,821 closings at an average selling price of $573,000, down 5% and 1%, respectively, year-over-year.
- Net new orders increased 4% to 6,428 homes with a value of $3.5 billion, and the ending backlog was 8,495 homes valued at $5.3 billion.
- The Company repurchased 2.4 million shares for $300 million in Q4, ended the quarter with $2.0 billion of cash, and maintained a debt-to-capital ratio of 11.2%.
5 days ago
PulteGroup reports fourth-quarter 2025 results
PHM
Earnings
Share Buyback
New Projects/Investments
- $502 million net income, or $2.56 EPS in Q4 2025
- $4.5 billion home sale revenues from 7,821 closings; average sales price of $573,000
- 6,428 net new orders (+4% YoY) valued at $3.5 billion
- Home sale gross margin of 24.7%, down from 27.5%, including $35 million of land impairment charges
- Invested $1.4 billion in land acquisition and repurchased $300 million of common shares
6 days ago
PulteGroup presents 2025 Investor Presentation
PHM
- PulteGroup reported TTM ended 9/30/25 ROE of 21%, land & development spend of $5.3 B, cash from operations of $1.7 B, and returned $1.4 B to shareholders.
- It operates 968 active communities across 26 states (47 markets), has delivered ~30 K homes TTM, with ASP $569 K and home sales gross margin 27%.
- The strategy emphasizes disciplined land underwriting (42% owned, 58% optioned lots), integrated design/build processes, and data-driven market segmentation for risk-adjusted returns.
- The balance sheet remains strong with $1.5 B cash, $12.8 B equity and an 11.2% debt-to-capital ratio as of 9/30/25.
Nov 30, 2025, 11:00 PM
PulteGroup reports Q3 2025 results
PHM
Earnings
Guidance Update
Demand Weakening
- Home sale revenue of $4.2 billion, operating margin 16.8% and EPS $2.96; Q3 closings were 7,529 homes (-5% y/y) at an ASP of $564,000 (+3%).
- Net new orders totaled 6,638 homes (-6% y/y), with an absorption pace of 2.2 homes/month vs. 2.4 a year ago; backlog stood at 9,888 homes valued at $6.2 billion.
- Gross margin was 26.2% (up 80 bp sequentially), including incentives of 8.9% of sales price (vs. 7.0% in Q3 2024); build costs remained $79/sq ft.
- Q4 guidance: closings of 7,200–7,600 homes; full‐year closings of ~29,000–29,400; ASP of $560,000–$570,000; gross margin of 25.5%–26.0%.
- Regional trends: stronger demand in the Midwest, Northeast and Southeast (Florida orders +2%), softer in Texas and Western markets; spec homes were ~49% of production.
Oct 21, 2025, 12:30 PM
PulteGroup reports Q3 2025 earnings
PHM
Earnings
Guidance Update
Share Buyback
- Reported net income of $586 million (-16% YoY) and EPS of $2.96, on home sale revenues of $4.248 billion (-2% YoY); Q3 closings were 7,529 homes (-5% YoY) with average sales price of $564,000 (+3% YoY).
- Gross margin declined 260 bps YoY to 26.2%, driven by higher incentives (8.9% of revenues) and increased lot costs; SG&A remained at 9.4% of home sale revenues.
- Returned capital with $300 million of share repurchases in Q3 (YTD $900 million), ending the quarter with $1.48 billion in cash and a debt-to-capital ratio of 11.2%.
- Provided Q4 2025 guidance of 7,200–7,600 closings and average sales price of $560K–$570K.
Oct 21, 2025, 12:30 PM
PulteGroup reports Q3 2025 earnings results
PHM
Earnings
Guidance Update
Share Buyback
- PulteGroup reported Q3 home sale revenues of $4.2 billion, a 26.2% gross margin, 16.8% operating margin, and EPS of $2.96; net income was $568 million and TTM ROE reached 21%
- Q3 net new orders totaled 6,638 homes (down 6% YoY), with an absorption pace of 2.2 homes/month; backlog stood at 9,888 homes valued at $6.2 billion
- The active adult segment saw net new orders rise 7% YoY, comprising 24% of all Q3 orders
- For Q4, the company guides 7,200–7,600 home closings, ASP of $560,000–$570,000, and gross margins of 25.5%–26.0%, targeting full-year closings of 29,000–29,400 homes
- In Q3, PulteGroup repurchased 2.4 million shares for $300 million, reducing diluted shares by 5% YoY
Oct 21, 2025, 12:30 PM
Quarterly earnings call transcripts for PULTEGROUP INC/MI/.
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