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PULTEGROUP INC/MI/ (PHM)

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Earnings summaries and quarterly performance for PULTEGROUP INC/MI/.

Research analysts who have asked questions during PULTEGROUP INC/MI/ earnings calls.

JL

John Lovallo

UBS Group AG

6 questions for PHM

Also covers: AWI, AZEK, BLDR +14 more
MR

Michael Rehaut

JPMorgan Chase & Co.

6 questions for PHM

Also covers: AZEK, BECN, BLD +17 more
SK

Stephen Kim

Evercore ISI

6 questions for PHM

Also covers: AWI, BLD, DHI +11 more
Alan Ratner

Alan Ratner

Zelman & Associates

5 questions for PHM

Also covers: BZH, CCS, DHI +9 more
AP

Anthony Pettinari

Citigroup Inc.

4 questions for PHM

Also covers: AMBP, AMCR, AVY +26 more
Kenneth Zener

Kenneth Zener

Seaport Research Partners

4 questions for PHM

Also covers: BLD, CCS, DHI +7 more
Matthew Bouley

Matthew Bouley

Barclays PLC

4 questions for PHM

Also covers: AZEK, BLDR, CNM +18 more
CR

Carl Reichardt

BTIG, LLC

3 questions for PHM

Also covers: BV, CCS, DHI +7 more
Mike Dahl

Mike Dahl

RBC Capital Markets

3 questions for PHM

Also covers: BECN, BLDR, CNM +13 more
Rafe Jadrosich

Rafe Jadrosich

Bank of America

3 questions for PHM

Also covers: AWI, BLD, BLDR +14 more
SR

Sam Reid

Wells Fargo

3 questions for PHM

Also covers: CNM, CSWI, DHI +8 more
SM

Susan Maklari

Goldman Sachs Group Inc.

3 questions for PHM

Also covers: ALH, AOS, AWI +24 more
Matthew Bouley

Matthew Bouley

Barclays

2 questions for PHM

Also covers: CNM, DHI, FERG +5 more
Michael Dahl

Michael Dahl

RBC Capital Markets

2 questions for PHM

Also covers: AHR, AZEK, BECN +20 more
Trevor Allinson

Trevor Allinson

Wolfe Research, LLC

2 questions for PHM

Also covers: AMWD, AZEK, BECN +18 more
BH

Buck Horne

Raymond James Financial, Inc.

1 question for PHM

Also covers: CLPR, DHI, FPI +8 more
Christopher Kalata

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
JM

Jay McCanless

Wedbush Securities

1 question for PHM

Also covers: BLDR, BZH, CCS +20 more
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 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
PulteGroup announces Q3 2025 results
PHM
Earnings
Guidance Update
Share Buyback
  • PulteGroup generated Q3 home sale revenue of $4.2 billion on 7,529 closings at an average selling price of $564,000, with net new orders totaling 6,638 homes, ending the quarter with a backlog of 9,888 homes valued at $6.2 billion.
  • Reported Q3 gross margin of 26.2%, with incentives at 8.9% of gross sales price and SG&A expense of 9.4% of home sale revenue.
  • Achieved net income of $568 million (EPS $2.96) and delivered a trailing twelve-month return on equity of 21%.
  • Q4 guidance includes expected closings of 7,200–7,600 homes, average sales price of $560,000–$570,000, and gross margin of 25.5%–26%.
  • Maintained 15,096 homes in production (49% spec), controlled ~240,000 lots with $1.5 billion cash on hand and net debt to capital of 1.1%, after repurchasing 8.2 million shares for $900 million YTD.
Oct 21, 2025, 12:30 PM
PulteGroup reports Q3 2025 financial results
PHM
Earnings
Share Buyback
Dividends
  • PulteGroup posted net income of $586 million, or $2.96 diluted EPS, versus $698 million, or $3.35 EPS in Q3 2024.
  • Home sale revenues totaled $4.2 billion from 7,529 closings (down 2% and 5% YoY), with a gross margin of 26.2% (vs. 28.8% in Q3 2024).
  • Net new orders reached 6,638 homes valued at $3.6 billion; backlog stood at 9,888 homes worth $6.2 billion at quarter-end.
  • Repurchased $300 million of common shares; returned $344 million to shareholders via dividends and buybacks; ended with $1.5 billion cash and an 11.2% debt-to-capital ratio.
Oct 21, 2025, 11:27 AM
PulteGroup reports Q3 2025 financial results
PHM
Earnings
Share Buyback
Dividends
  • Net income of $586 million and EPS of $2.96 for Q3 2025 versus $698 million and $3.35 in Q3 2024.
  • Home sale revenues of $4.2 billion from 7,529 closings, with a gross margin of 26.2%.
  • Net new orders of 6,638 homes valued at $3.6 billion; backlog of 9,888 homes worth $6.2 billion at quarter-end.
  • Returned $344 million to shareholders through $300 million in share repurchases and dividends; ended the quarter with $1.5 billion cash and an 11.2% debt-to-capital ratio.
Oct 21, 2025, 10:30 AM
PulteGroup: Nvidia slides and Macy’s earnings top estimates
PHM
Earnings
Demand Weakening
  • Nvidia shares fell for four consecutive days, erasing $286 billion in market cap and sliding below the 50-day moving average amid seasonal weakness and rising yields.
  • Macy’s reported slight same-store sales growth and Q2 earnings that beat analyst estimates, suggesting consumer spending pressures are not derailing profitability.
  • Global bond yields are climbing, with the US 30-year Treasury nearing 5%, the UK 30-year at 5.75%, and Japan’s long-dated yields at multidecade highs, intensifying volatility for equities.
Sep 3, 2025, 3:06 PM
PulteGroup Eliminates Series A Preferred Shares
PHM
  • PulteGroup filed an 8-K on June 3, 2025 reporting the elimination of its Series A Junior Participating Preferred Shares, effective June 2, 2025.
  • The filing confirms that no Series A Preferred Shares are outstanding and removes them from the company's Restated Articles of Incorporation.
  • The document includes a Certificate of Elimination (Exhibit 3.1) and was signed by Executive Vice President, General Counsel and Corporate Secretary Todd N. Sheldon.
Jun 3, 2025, 12:00 AM
PulteGroup Reports Q1 2025 Financial & Operational Highlights
PHM
Earnings
Guidance Update
Demand Weakening
Share Buyback
  • PulteGroup delivered Q1 2025 net income of $523 million with EPS of $2.57 after adjusting for non-recurring items
  • Home sale revenues reached $3.7B with 6,583 homes closed and an increased average sales price of $570K
  • The company secured 7,765 net new orders and maintains a backlog of 11,335 homes valued at $7.2B
  • Management provided updated guidance, expecting 7,400-7,800 Q2 closings and a full-year target of 29,000-30,000 homes amid evolving market conditions
  • Executed a $300M share repurchase by buying back 2.8 million shares
  • Ended Q1 with a robust balance sheet, holding $1.3B in cash and a debt-to-capital ratio of 11.7%
  • Continued focus on high-return buyer segments, strategic reduction of spec inventory, and managing escalating costs including tariff impacts of 1% on average selling price
Apr 22, 2025, 12:31 PM

Quarterly earnings call transcripts for PULTEGROUP INC/MI/.