PulteGroup, Inc.

PHM Consumer Cyclical Residential Construction

PulteGroup, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.3 billion, down 3.54% from fiscal 2024.

Revenue
−9.78%
EPS
−14.4%
Free cash flow
−19.3%
Total debt
+8.12%

Quarter to September 2026, against a year earlier

134.85 1.12 −0.82%
Market cap
$24.9B
P/E
14.3×
Fwd P/E
13.4×
Dividend yield
0.77%
F-score
5/9
Altman Z
4.98
Beneish M
n/a
Dividend safety
92/100

PulteGroup, Inc. (PHM) Gross margin

Alert me on Gross margin

PulteGroup, Inc.'s gross margin over the twelve months to 30 September 2026 was 24.8%, down 1.6 percentage points from fiscal 2025 (26.4%). Over the past ten years it has ranged from 21.7% (fiscal 2017) to 30.2% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Residential Construction industry median of 19.2% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

Embed this chart

Annual newest first

Period Gross margin Change (points)
FY2025 26.4% (2.68)
FY2024 29.1% (0.29)
FY2023 29.4% (0.83)
FY2022 30.2% 2.68
FY2021 27.5% 2.36
FY2020 25.2% 1.70
FY2019 23.5% 0.17
FY2018 23.3% 1.58
FY2017 21.7% (3.65)
FY2016 25.4% (1.85)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 25.3% 0.26
Jun 2026 25.0% 0.92
Mar 2026 24.1% (0.66)
Dec 2025 24.8% (1.65)
43 more quarters

Against its own ten years

Low 21.7% High 30.2%
Ten-year median 26.4%
Current reading's percentile 35

Gross margin against peers

Company Gross margin
IBP Installed Building Products, Inc. compare 33.1%
SKY Champion Homes, Inc. compare 25.5%
PHM PulteGroup, Inc. 24.8%
TOL Toll Brothers Inc. compare 23.8%
CVCO Cavco Industries, Inc. compare 22.7%
DHI D.R. Horton, Inc. compare 22.3%
LEN.B Lennar Corporation compare 7.49%
LEN Lennar Corporation compare 7.49%
NVR NVR, Inc. compare 0.00%
Residential Construction industry median 19.2%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

More on PHM