PulteGroup (PHM) earnings

PULTEGROUP INC/MI/· Consumer Discretionary

Results to: Sep 2026
Latest analysed call: Sep 2026 (Q3 FY26)
Balance sheet to: Dec 2025

Company research is public. Sign in to keep your own companies, notes and cases.

PulteGroup earnings: last reported Thu, 22 Oct 2026, for the quarter ended Sep 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	3,974 $ million	−9.8% YoY	Quarterly, as filed	Quarter to Sep 2026	Revenue from operations as filed.
Operating margin	Unavailable	—	Operating profit / revenue	Quarter to Sep 2026	Not in the filed figures for the quarter to sep 2026. No older figure is substituted.
Net profit	476 $ million	−18.8% YoY	Quarterly, as filed	Quarter to Sep 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Sep 2026

Price

$121.19 +1.43% · +$1.71

Last close Oct 23, 2026 · US · USD · Source: Inve

Performance +0.8% 1Y

1Y: $120.21 on 22 Oct 2025 → $121.19. High $142.56 (13 Feb 2026), low $109.35 (14 Oct 2026).

Previous close: $119.48
52-week range: $109.35 – $142.56
One year: +0.27%

Overview

Symbol: PHM
Sector: Consumer Discretionary
Exchange: US
Currency: USD

Financials

What the filings say

Net profit, year on year: −19% (quarter to sep 2026 against sep 2025).

In $ million. Oldest period first.

Line item	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	4,922	3,893	4,404	4,405	4,611	3,409	3,983	3,974
Other income	22	6	-1	2	-99	7	4	20
Net profit	913	523	608	586	502	347	472	476
EPS ($ per share)	—	2.59	3.05	2.98	—	1.81	2.49	2.55

Source: Inve data · income statement, quarterly · to Sept 2026

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity capital	3	3	3	2	2	2	2	2
Reserves	1,614	2,221	3,306	4,196	5,582	7,013	8,695	9,495
Total liabilities	5,355	5,257	5,636	5,863	5,882	5,704	5,242	5,063
Fixed assets	93	112	132	149	200	221	253	239
Total assets	10,173	10,716	12,205	13,353	14,797	16,087	17,364	18,048

Source: Inve data · balance sheet · to Dec 2025

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	1,448	1,076	1,784	1,004	668	2,197	1,681	1,871
Cash from investing	-40	-225	-108	-124	-172	-129	-94	-80
Cash from financing	-580	-734	-296	-1,679	-1,236	-1,313	-1,782	-1,436
Capital expenditure	-59	-58	-58	-73	-113	-92	-119	-123
Free cash flow	1,389	1,018	1,726	931	556	2,105	1,562	1,749

Source: Inve data · cash flow · to Dec 2025

PHM revenue by segment

PHM revenue by business segment, share of consolidated revenue by quarter
Segment	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	YoY growth latest quarter
Home Building	—	98%	98%	98%	98%	98%	98%	97%	-10.1%
Financial Services	2%	2%	2%	2%	2%	2%	2%	3%	+3.7%

Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.

See how segments are shifting across companies → Segment Shift

PHM operating KPIs by quarter

PHM operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Jun 2026 Q2 FY26	Sep 2026 Q3 FY26	Change vs prior quarter
Net new orders	7,536 Second quarter net new orders increased 6% over the prior year to 7,536 homes as we realized higher net new orders across all 3 buyer groups. Source: earnings call transcript	6,208 Our net new orders in the third quarter totaled 6,208 homes, which is a decrease of 6% from the third quarter of last year, reflective of Ryan's comments about lower consumer traffic. Source: earnings call transcript	-17.6%
Average community count	1,074 The year-over-year increase in second quarter orders reflects an 8% increase in average community count to 1,074, partially offset by a 1% decrease in absorption pace to 2.3 homes per month. Source: earnings call transcript	1,077 The decrease in Q3 net new orders was driven by a 13% decrease in absorption pace, partially offset by a 7% increase in average community count of 1,077 for the quarter. Source: earnings call transcript	+0.3%
Absorption pace	2.3 The year-over-year increase in second quarter orders reflects an 8% increase in average community count to 1,074, partially offset by a 1% decrease in absorption pace to 2.3 homes per month. Source: earnings call transcript	1.9 Our absorption pace for the third quarter was 1.9 homes per month, which compares with an absorption pace of 2.2 homes per month last year. Source: earnings call transcript	-17.4%
Cancellation rate	11% As a percentage of starting backlog, our cancellation rate in the second quarter was 11%, which is comparable to last year. Source: earnings call transcript	10% In the third quarter, our cancellation rate as a percentage of starting backlog was 10%, which is down from 12% last year and down 50 basis points from Q2 of this year. Source: earnings call transcript	-1 pt
Closings	6,997 The decrease in home sale revenues in the second quarter reflects an 8% decrease in closings to 6,997 homes, along with a 3% decrease in the average sales price to $544,000. Source: earnings call transcript	6,876 Lower revenues for the quarter were primarily the result of a 9% decrease in closing volumes to 6,876 homes. Source: earnings call transcript	-1.7%
Backlog	10.966K At the end of the second quarter, our backlog totaled 10,966 homes with a value of $6.8 billion. Source: earnings call transcript	10.298K We ended this year's third quarter with a backlog of 10,298 homes valued at $6.4 billion, compared with prior year backlog of 9,888 homes with a value of $6.2 billion. Source: earnings call transcript	-6.1%
Backlog value	$6.8B At the end of the second quarter, our backlog totaled 10,966 homes with a value of $6.8 billion. Source: earnings call transcript	$6.4B We ended this year's third quarter with a backlog of 10,298 homes valued at $6.4 billion, compared with prior year backlog of 9,888 homes with a value of $6.2 billion. Source: earnings call transcript	-5.9%
Homes in production	14.98K We ended Q2 with 14,980 homes in production, of which 44% or 6,638 homes repack. Source: earnings call transcript	14.599K At the end of the third quarter, we had 14,599 homes in production, of which 6,627 or 45% were spec homes. Source: earnings call transcript	-2.5%
Mortgage capture rate	85% Q2 mortgage capture rate was 85% and which is comparable to the second quarter of 2025. Source: earnings call transcript	85% Mortgage capture rate in this year's third quarter was 85% compared with 84% last year. Source: earnings call transcript	0 pt
Lots under control	228K We ended second quarter were 228,000 lots under control, which is down approximately 6,000 lots from the end of 2025 with 55% of our land pipeline and controlled via option. Source: earnings call transcript	~224K Inclusive of land transactions completed in the period, we ended Q3 with approximately 224,000 lots under control. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Insider filings

51 filings between Nov 6, 2025 and Jul 30, 2026.

Open market

decisions to buy or sell

Purchases

None

No insider bought shares.

Sales

$26.41M

8 sales by 7 insiders

Compensation

not trading decisions

22: Award — granted as compensation
16: Tax withheld — shares kept back by the company to cover tax

Also filed: 5 gifts.

Who traded

open market only

Insider	Bought	Sold	Last filing
MARSHALL RYAN	—	$14.89M	Feb 5, 2026
FOLLIARD THOMAS J	—	$4.96M	Feb 5, 2026
Koart Matthew William	—	$2.97M	May 27, 2026
Sheldon Todd N	—	$1.92M	Feb 6, 2026
HENRY KEVIN A	—	$729.6K	Feb 24, 2026
O'Meara Brien P.	—	$542.0K	Feb 6, 2026
Snyder Lila	—	$391.3K	May 8, 2026

Latest filings (50)

Date	Insider	What	Shares	Value
Jul 30, 2026	BLAIR BRYCE Director	Gift	7,639	$0
Jul 30, 2026	BLAIR BRYCE Director	Gift	7,639	$0
Jun 22, 2026	HENRY KEVIN A EVP and Chief People Officer	Tax withheld	2,093	$263.7K
May 27, 2026	Koart Matthew William Exec. VP & COO	Sale	7,457	$894.8K
May 18, 2026	Koart Matthew William Exec. VP & COO	Tax withheld	6,861	$766.9K
May 8, 2026	Snyder Lila Director	Sale	3,339	$391.3K
Apr 29, 2026	Snyder Lila Director	Award	1,507	$0
Apr 29, 2026	Actis-Grande Kristen Director	Award	1,507	$0
Apr 29, 2026	GRISE CHERYL W Director	Award	1,507	$0
Apr 29, 2026	Hawaux Andre J Director	Award	1,507	$0
Apr 29, 2026	BLAIR BRYCE Director	Award	1,507	$0
Apr 29, 2026	Schall Benjamin Director	Award	1,507	$0
Apr 29, 2026	GANNON KRISTIN F. Director	Award	1,507	$0
Feb 24, 2026	HENRY KEVIN A EVP and Chief People Officer	Sale	5,173	$729.6K
Feb 10, 2026	GANNON KRISTIN F. Director	Award	292	$0
Feb 6, 2026	Koart Matthew William Exec. VP & COO	Sale	15,309	$2.08M
Feb 6, 2026	Sheldon Todd N EVP, Gen Counsel, Corp Sec'y	Sale	14,220	$1.92M
Feb 6, 2026	O'Meara Brien P. Vice President & Controller	Sale	4,000	$542.0K
Feb 5, 2026	MARSHALL RYAN Chief Exec Officer, President	Gift	3,750	$0
Feb 5, 2026	MARSHALL RYAN Chief Exec Officer, President	Sale	111,250	$14.89M
Feb 5, 2026	FOLLIARD THOMAS J Director	Sale	37,000	$4.96M
Feb 4, 2026	O'Meara Brien P. Vice President & Controller	Award	1,010	$0
Feb 4, 2026	Koart Matthew William Exec. VP & COO	Award	28,350	$0
Feb 4, 2026	Koart Matthew William Exec. VP & COO	Tax withheld	13,246	$1.73M
Feb 4, 2026	Koart Matthew William Exec. VP & COO	Award	8,602	$0
Feb 4, 2026	HENRY KEVIN A EVP and Chief People Officer	Award	9,304	$0
Feb 4, 2026	HENRY KEVIN A EVP and Chief People Officer	Tax withheld	4,187	$547.9K
Feb 4, 2026	HENRY KEVIN A EVP and Chief People Officer	Award	2,992	$0
Feb 4, 2026	OShaughnessy Robert Exec. VP	Award	32,795	$0
Feb 4, 2026	OShaughnessy Robert Exec. VP	Tax withheld	14,644	$1.92M
Feb 4, 2026	OShaughnessy Robert Exec. VP	Award	4,114	$0
Feb 4, 2026	MARSHALL RYAN Chief Exec Officer, President	Award	120,818	$0
Feb 4, 2026	MARSHALL RYAN Chief Exec Officer, President	Tax withheld	53,813	$7.04M
Feb 4, 2026	MARSHALL RYAN Chief Exec Officer, President	Award	29,170	$0
Feb 4, 2026	OSSOWSKI JAMES L Exec VP and CFO	Award	8,112	$0
Feb 4, 2026	OSSOWSKI JAMES L Exec VP and CFO	Tax withheld	3,657	$478.6K
Feb 4, 2026	OSSOWSKI JAMES L Exec VP and CFO	Award	6,283	$0
Feb 4, 2026	Sheldon Todd N EVP, Gen Counsel, Corp Sec'y	Award	15,535	$0
Feb 4, 2026	Sheldon Todd N EVP, Gen Counsel, Corp Sec'y	Tax withheld	6,920	$905.6K
Feb 4, 2026	Sheldon Todd N EVP, Gen Counsel, Corp Sec'y	Award	4,488	$0
Feb 4, 2026	O'Meara Brien P. Vice President & Controller	Award	4,489	$0
Feb 4, 2026	O'Meara Brien P. Vice President & Controller	Tax withheld	1,966	$257.3K
Feb 2, 2026	HENRY KEVIN A EVP and Chief People Officer	Tax withheld	56	$7.0K
Feb 2, 2026	OShaughnessy Robert Exec. VP	Tax withheld	7,210	$904.4K
Feb 2, 2026	MARSHALL RYAN Chief Exec Officer, President	Tax withheld	27,598	$3.46M
Feb 2, 2026	OSSOWSKI JAMES L Exec VP and CFO	Tax withheld	1,804	$226.3K
Feb 2, 2026	Sheldon Todd N EVP, Gen Counsel, Corp Sec'y	Tax withheld	2,452	$307.6K
Feb 2, 2026	O'Meara Brien P. Vice President & Controller	Tax withheld	1,090	$136.7K
Feb 2, 2026	Koart Matthew William Exec. VP & COO	Tax withheld	122	$15.3K
Nov 12, 2025	Sheldon Todd N EVP, Gen Counsel, Corp Sec'y	Gift	1,000	$0

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

Your own record

Start an Inve Case for PULTEGROUP INC/MI/

Free account. Everything above stays public.

Write why you follow PULTEGROUP INC/MI/ and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading