Q3 25 EPS
$2.96
BEAT +2.14%
Est. $2.90
Q3 25 Revenue
$4.40B
BEAT +2.26%
Est. $4.31B
vs S&P Since Q3 25
-10.1%
TRAILING MARKET
PHM -2.8% vs S&P +7.4%
Market Reaction
Did PHM Beat Earnings? Q3 2025 Results
PulteGroup delivered a modest beat in the third quarter of 2025, posting earnings per share of $2.96 against a consensus estimate of $2.90, a 2.14% beat, while revenue of $4.40 billion edged past the $4.31 billion estimate by 2.26%, though total reve… Read more PulteGroup delivered a modest beat in the third quarter of 2025, posting earnings per share of $2.96 against a consensus estimate of $2.90, a 2.14% beat, while revenue of $4.40 billion edged past the $4.31 billion estimate by 2.26%, though total revenues still slipped 1.6% from the year-ago period. The headline numbers masked a more complicated story beneath the surface: home sale gross margin compressed sharply to 26.2% from 28.8% a year earlier, reflecting pricing pressure and rising costs in a softer demand environment, while net income fell to $585.83 million from $697.91 million. Home closings declined 5% to 7,529 units, and net new orders dropped 6% to 6,638 homes, with the company's growing community count, up 5% to 1,002, failing to offset weaker per-community absorption. CEO Ryan Marshall acknowledged headwinds from consumer confidence and affordability challenges, while pointing to lower interest rates as a potential catalyst; PulteGroup continues expanding its land inventory and community count in anticipation of an eventual demand recovery.
Key Takeaways
- • 3% increase in average selling price to $564,000 driven by geographic mix shift
- • Diversified business platform across multiple buyer groups and 45+ markets
- • Disciplined capital allocation with $344 million returned to shareholders
- • Average community count increased 5% year-over-year to 1,002
PHM YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
PHM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We remain disciplined in running our business consistent with PulteGroup's long-term operating and financial strategies as we manage production volumes and capital allocation, while executing our operating model to drive high returns over the housing cycle. Reflective of this approach, in our third quarter we generated home sale revenues of $4.2 billion, and earnings of $2.96 per share, while driving strong cash flow from operations and returning $344 million to shareholders through dividends and share repurchases.”
— Ryan Marshall, Q3 2025 Earnings Press Release
PHM Earnings Trends
PHM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PHM EPS Trend
Earnings per share: estimate vs actual
PHM Revenue Trend
Quarterly revenue: estimate vs actual
PHM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.79 | — | $3.41B | +0.79% |
| Q4 25 MISS FY | $2.83 | $2.56 | -9.54% | $4.61B | +5.56% |
| FY Full Year | $11.38 | $11.12 | -2.28% | $17.31B | +1.42% |
| Q3 25 BEAT | $2.90 | $2.96 | +2.14% | $4.40B | +2.26% |
| Q2 25 BEAT | $3.01 | $3.03 | +0.74% | $4.40B | -0.48% |
| Q1 25 BEAT | $2.42 | $2.57 | +6.00% | $3.89B | +1.81% |