Latest revenue
$3.41B
as of 2026-03-31
Latest net income
$347.0M
as of 2026-03-31
Net margin
10.2%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $22.18B
- Enterprise value
- $22.19B
- P/E (trailing)
- 10.0×
- Forward P/E
- —
- P/B
- 1.71×
- Dividend yield
- 0.8%
- 52-wk high
- $144.50
- 52-wk low
- $95.20
- Beta
- —
- Shares out
- 190.5M
5-year trend
What this company does
PulteGroup is one of the largest U.S. homebuilders, designing and selling single-family houses across multiple brands while also running a mortgage, title, and insurance arm. Roughly 97% of revenue comes from home closings, with the in-house Pulte Mortgage and title services contributing a smaller financial services stream. Q1 2026 home sale revenues fell 12% year-over-year to $3.31 billion and net income dropped 34% to $347 million, signaling clear demand softening even as the company keeps repurchasing shares aggressively.
Generated from PHM's filing dated 2026-02-04
Key risks
- Earnings deterioration: Q1 2026 net income fell 33% YoY to $347M; home sale revenues dropped 12% to $3.31B amid weakening demand.
- Margin compression: Home sale gross margin narrowed to ~24.4% from 27.5% YoY, signaling pricing pressure and incentive use to move inventory.
- Rising leverage and inventory build: Notes payable grew to $1.82B (from $1.63B) while house/land inventory rose to $13.3B despite slowing sales.
Generated from PHM's filing dated 2026-02-04
Profitability
Net margin
12.8%
25.4%Return on equity
17.1%
32.8%Return on assets
12.3%
30.8%Leverage
Debt / equity
0.39×
9.8%Long-term debt / equity
0.13×
5.9%Debt / assets
28.1%
7.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $3.41B | -12.4% | $347.0M | -33.6% | 10.2% |
Q4 2025 2025-12-31 | $4.61B | -6.3% | $501.6M | -45.1% | 10.9% |
Q3 2025 2025-09-30 | $4.40B | -1.6% | $585.8M | -16.1% | 13.3% |
Q2 2025 2025-06-30 | $4.40B | -4.3% | $608.5M | -24.8% | 13.8% |
Q1 2025 2025-03-31 | $3.89B | -1.4% | $522.8M | -21.1% | 13.4% |
Q4 2024 2024-12-31 | $4.92B | — | $913.2M | — | 18.6% |
Q3 2024 2024-09-30 | $4.48B | +11.8% | $697.9M | +9.3% | 15.6% |
Q2 2024 2024-06-30 | $4.60B | +9.8% | $809.1M | +12.3% | 17.6% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Operative Builders · SIC 1531
Your notes
Keep private notes on PHM — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$28.4M
Net activity
−$28.4M
Distinct insiders
8
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns PHM
Institutional value
$12.16B
Total shares held
107.5M
Distinct holders
722
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 19.3M | $2.26B | — | New |
| 2 | FRANKLIN RESOURCES INC | 15.0M | $1.76B | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 12.5M | $1.47B | — | New |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 8.2M | $961.9M | — | New |
| 5 | GREENHAVEN ASSOCIATES INC | 5.5M | $646.5M | — | New |
| 6 | FIRST TRUST ADVISORS LP | 4.3M | $507.4M | — | New |
| 7 | DIMENSIONAL FUND ADVISORS LP | 3.1M | $370.0M | — | New |
| 8 | Invesco Ltd. | 2.4M | $284.5M | — | New |
| 9 | Bank of New York Mellon Corp | 1.5M | $172.8M | — | New |
| 10 | Legal & General Group Plc | 1.4M | $170.1M | — | New |
| 11 | DEUTSCHE BANK AG\ | 1.4M | $169.2M | — | New |
| 12 | Nuveen, LLC | 1.4M | $165.8M | — | New |
| 13 | VANGUARD FIDUCIARY TRUST CO | 1.1M | $127.1M | — | New |
| 14 | UBS Group AG | 1.1M | $125.8M | — | New |
| 15 | Public Sector Pension Investment Board | 936.1K | $110.1M | — | New |
| 16 | HSBC HOLDINGS PLC | 706.8K | $82.9M | — | New |
| 17 | AustralianSuper Pty Ltd | 698.9K | $82.2M | — | New |
| 18 | NORDEA INVESTMENT MANAGEMENT AB | 689.2K | $79.6M | — | New |
| 19 | BNP PARIBAS FINANCIAL MARKETS | 579.1K | $68.1M | — | New |
| 20 | Swiss National Bank | 572.1K | $67.3M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Home sale revenues fell 11.8% YoY to $3.31B while gross margin compressed—how much of this reflects permanent incentive/rate-buydown costs versus temporary mix?
- 2
You issued $795M of debt while repaying $600M and buying back $308M in stock—why lever up rather than preserve dry powder amid weakening demand?
- 3
Inventory grew $376M this quarter to $13.3B against falling revenue—what's your spec exposure and at what point do you take impairments?
Refreshed when PHM files a new report · last from 2026-02-04