PulteGroup Reports Solid Q1 2025 Earnings

Pultegroup ( (PHM) ) has released its Q1 earnings. Here is a breakdown of the information Pultegroup presented to its investors.

PulteGroup, Inc., headquartered in Atlanta, Georgia, is one of the largest homebuilding companies in the United States, operating across more than 45 markets and offering a diverse range of homes through its various brands, including Centex, Pulte Homes, and Del Webb.

In its first quarter of 2025, PulteGroup reported earnings of $2.57 per share, with home sale revenues reaching $3.7 billion. The company closed 6,583 homes and reported a net income of $523 million, reflecting a strategic balance between sales price and pace to deliver high returns.

Key financial metrics for the quarter included a home sale gross margin of 27.5% and net new orders totaling 7,765 homes valued at $4.5 billion. The company maintained a strong backlog of 11,335 homes worth $7.2 billion and repurchased $300 million of its common shares. Despite a decrease in home sale revenues by 2% from the previous year, PulteGroup increased its average sales price by 6% to $570,000.

PulteGroup’s financial services operations reported a pre-tax income of $36 million, slightly down from the previous year due to lower closing volumes. The company ended the quarter with a cash position of $1.3 billion and a debt-to-capital ratio of 11.7%, showcasing its financial strength and strategic capital management.

Looking ahead, PulteGroup remains optimistic about long-term housing demand despite short-term challenges posed by economic uncertainties and affordability issues. The company is well-positioned to navigate the dynamic market environment, leveraging its balanced operating model and financial resilience to continue delivering value to stakeholders.