/PHMFinancial History
Annual Financials
| Fiscal Year | Revenue | Gross Profit | Gross Margin | Net Income | EPS (Diluted) | Total Assets | Total Equity |
|---|---|---|---|---|---|---|---|
| FY2025 | $17.3B | $5.0B | 28.7% | $2.2B | $11.12 | $18.0B | $13.0B |
| FY2024 | $17.9B | $5.6B | 31.4% | $3.1B | $14.69 | $17.4B | $12.1B |
| FY2023 | $16.1B | $5.0B | 31.3% | $2.6B | $11.72 | $16.1B | $10.4B |
| FY2022 | $16.0B | $5.1B | 32.1% | $2.6B | $11.01 | $14.8B | $8.9B |
| FY2021 | $13.7B | $4.1B | 29.7% | $1.9B | $7.43 | $13.4B | $7.5B |
| FY2020 | $11.0B | $3.0B | 27.5% | $1.4B | $5.18 | $12.2B | $6.6B |
| FY2019 | $10.2B | $2.6B | 25.3% | $1.0B | $3.66 | $10.7B | $5.5B |
| FY2018 | $10.2B | $2.6B | 26.0% | $1.0B | $3.55 | $10.2B | $4.8B |
| FY2017 | $8.4B | $1.8B | 21.3% | $447M | $1.44 | $9.7B | $4.2B |
| FY2016 | $7.5B | $1.9B | 24.9% | $603M | $1.75 | $10.2B | $4.7B |
| FY2015 | $5.8B | $1.4B | 23.4% | $494M | $1.36 | $9.0B | $4.8B |
| FY2014 | $5.7B | $1.3B | 23.3% | $474M | $1.26 | $8.6B | $4.8B |
Builder Operating KPIsExtracted from earnings releases
| Period | Orders | Closings | Cancel % | Backlog | Backlog $ | ASP | Communities | Lots Owned | Lots Ctrl | Inventory | Specs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q4 FY2025 | 6,428 | 7,821 | 15.0% | 8,495 | $5.3B | $573K | 1,014 | 101,104 | 234,632 | — | 1,999 |
| Q3 FY2025 | 6,638 | 7,529 | 16.0% | 9,888 | $6.2B | $564K | 1,002 | 101,776 | 240,251 | — | 2,027 |
| Q2 FY2025 | 7,083 | 7,639 | 15.0% | 10,779 | $6.8B | $559K | 994 | 100,982 | 249,645 | — | 1,865 |
| Q1 FY2025 | 7,765 | 6,583 | 13.0% | 11,335 | $7.2B | $570K | 961 | 100,418 | 244,065 | — | 1,804 |
| Q4 FY2024 | 6,167 | 8,103 | 15.0% | 10,153 | $6.5B | $581K | 960 | 102,176 | 234,589 | — | 1,862 |
| Q3 FY2024 | 7,031 | 7,924 | 15.0% | 12,089 | $7.7B | $548K | 957 | 103,473 | 234,542 | — | 1,357 |
| Q2 FY2024 | 7,649 | 8,097 | 14.0% | 12,982 | $8.1B | $549K | 934 | 105,238 | 225,304 | — | 1,236 |
| Q1 FY2024 | 8,379 | 7,095 | 13.0% | 13,430 | $8.2B | $538K | 931 | 107,001 | 219,542 | — | 1,337 |
| Q4 FY2023 | 6,214 | 7,615 | 16.0% | 12,146 | $7.3B | $547K | 906 | 104,515 | 222,630 | — | 1,263 |
| Q3 FY2023 | 7,065 | 7,076 | 15.0% | 13,547 | $8.1B | $549K | 923 | 103,754 | 223,093 | — | 967 |
| Q2 FY2023 | 7,947 | 7,518 | 13.0% | 13,558 | $8.2B | $540K | 903 | 104,128 | 214,416 | — | 987 |
| Q1 FY2023 | 7,354 | 6,394 | 17.0% | 13,129 | $8.0B | $545K | 879 | 107,528 | 210,355 | — | 1,051 |
| Q4 FY2022 | 3,964 | 8,848 | 32.0% | 12,169 | $7.7B | $571K | 810 | 108,848 | 211,112 | — | 982 |
| Q3 FY2022 | 17,053 | 7,047 | 24.0% | 17,053 | $10.6B | $545K | 768 | 114,835 | 231,662 | — | 500 |
| Q2 FY2022 | 6,418 | 7,177 | 15.0% | 19,176 | $11.6B | $531K | 791 | 112,956 | 243,258 | — | 191 |
| Q1 FY2022 | 7,971 | 6,039 | 9.0% | 19,935 | $11.5B | $508K | 777 | 112,216 | 234,542 | — | — |
| Q4 FY2021 | 6,769 | 8,611 | 9.0% | 18,003 | $9.9B | $490K | 2,021 | 109,078 | 228,296 | — | — |
| Q3 FY2021 | 6,796 | 7,007 | 10.0% | 19,845 | $10.3B | $474K | 892 | 102,830 | 222,624 | — | 109 |
| Q2 FY2021 | 8,322 | 7,232 | 7.0% | 13,214 | $9.8B | $447K | 808 | 96,938 | 206,641 | — | — |
| Q1 FY2021 | 9,852 | 6,044 | 8.0% | 18,966 | $8.8B | $430K | 837 | 93,954 | 193,693 | — | 123 |
Source: SEC 8-K earnings releases, extracted via regex with provenance tracking. Showing most recent 20 quarters.
Management Sentiment Analysis
Scored from earnings release language using ML analysis. Range: -1.0 (negative) to +1.0 (positive).
Current Posture
Q4 FY2025
Score: +0.10
Net new orders increased 4% with a 6% rise in community count, but closings and average sales price declined slightly, reflecting mixed demand signals.
Home sale gross margin declined to 24.7% from 27.5%, impacted by $35 million land impairments and lower average selling prices.
No explicit commentary on labor availability or wage pressures, suggesting a neutral stance on labor conditions.
Invested $1.4 billion in land acquisition and development with a focus on growing the land pipeline to support 3-5% community growth annually.
Management expressed confidence in navigating market dynamics and maintaining disciplined execution, though noted lagging consumer confidence.
Acknowledged risks include interest rate volatility, consumer confidence headwinds, land impairments, and macroeconomic uncertainties.
Recent Trend
Sentiment for PulteGroup in FY2025 reflects a cautiously optimistic to neutral trajectory, with demand showing initial softness before a modest rebound in Q4 driven by increased orders and community growth. Margins consistently contracted throughout the year, pressured by lower selling prices and land impairments despite disciplined cost management. While labor conditions remained stable, management maintained confidence in strategic land investments and disciplined execution amid persistent risks from high interest rates, affordability challenges, and macroeconomic uncertainties.
Builder vs. Industry Sentiment
Orange = PHM · Gray = Industry average (Q1 FY2026)