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) Operating margin

Alert me on Operating margin

PulteGroup, Inc.'s operating margin over the twelve months to 30 September 2026 was 14.7%, down 2.1 percentage points from fiscal 2025 (16.8%). Over the past ten years it has ranged from 10.9% (fiscal 2017) to 22.1% (fiscal 2024); the current reading is higher than 64% of that period. That is above the Residential Construction industry median of 7.50% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 16.8% (5.28)
FY2024 22.1% 0.62
FY2023 21.5% 0.27
FY2022 21.2% 2.59
FY2021 18.6% 2.93
FY2020 15.7% 2.50
FY2019 13.2% (0.07)
FY2018 13.2% 2.29
FY2017 10.9% (1.22)
FY2016 12.2% (1.48)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 15.8% 0.27
Jun 2026 15.5% 2.37
Mar 2026 13.2% (1.03)
Dec 2025 14.2% (3.19)
43 more quarters

Against its own ten years

Low 10.9% High 22.1%
Ten-year median 15.7%
Current reading's percentile 44

Operating margin against peers

Company Operating margin
PHM PulteGroup, Inc. 14.7%
TOL Toll Brothers Inc. compare 13.8%
IBP Installed Building Products, Inc. compare 11.8%
DHI D.R. Horton, Inc. compare 10.9%
CVCO Cavco Industries, Inc. compare 9.54%
SKY Champion Homes, Inc. compare 8.27%
LEN.B Lennar Corporation compare 5.63%
LEN Lennar Corporation compare 5.63%
NVR NVR, Inc. compare 0.00%
Residential Construction industry median 7.50%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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