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Pultegroup (PHM)
NYSE:PHM
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.9Last Year’s EPS
2.57Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive picture driven by strong full-year results (29.5k+ closings, $16.7B revenue, $2.2B net income), robust cash and balance sheet metrics, a large land pipeline, disciplined land investment, share repurchases, and strategic focus on core homebuilding (divestiture of ICG). Offsetting negatives include Q4 softness—revenue and EPS declines, margin compression driven by impairments and elevated incentives, lower financial services income, rising lot cost expectations (7%–8%), regional demand weakness (Texas/West), and a reduced 2026 cash flow outlook (~$1B). Management provided conservative 2026 margin and volume guidance and emphasized operational discipline and a return toward more built-to-order mix. On balance, the company's strong full-year operating performance, financial flexibility, and strategic actions outweigh the near-term headwinds and one-time charges, while management acknowledges and is addressing market softness and cost pressure.Company Guidance
Strong Full-Year Financial Performance
Closed over 29,500 homes and generated home sale revenues of $16.7 billion in 2025; reported full-year net income of $2.2 billion ($11.12 per share), the fifth most profitable year in company history.
High Full-Year Margins
Full-year gross margin of 26.3% and operating margin of 16.9%, levels described as among the highest in the company's 75-year history.
Robust Cash Generation and Balance Sheet
Generated $1.9 billion of cash flow from operations in 2025 and ended the year with $2.0 billion of cash; net debt-to-capital was negative 3% (debt-to-capital 11.2%).
Significant Land Investment and Pipeline
Invested $5.2 billion in land acquisition and development in 2025 (52% into development); ended year with 235,000 lots under control and expect community count growth of 3%–5% in 2026.
Share Repurchases and Capital Return
Repurchased 10.6 million shares for $1.2 billion in 2025 (Q4 repurchases: 2.4 million for $300 million); $983 million remaining under repurchase authorization.
Buyer Mix Diversification and Active Adult Strength
2025 closings mix: 38% first-time, 40% move-up, 22% active adult; active adult sign-ups increased 6% year-over-year and +14% in Q4 YoY, supporting higher gross margins from Del Webb communities.
Forward Guidance and Operational Targets
2026 guidance: closings 28,500–29,000; Q1 closings 5,700–6,100; average sales price guide $550k–$560k for Q1 and FY; gross margin guide 24.5%–25% for Q1 and FY; SG&A guide 9.5%–9.7% for FY (Q1 ~11.5%).
Strategic Portfolio Actions
Announced decision to divest off-site manufacturing operations (ICG) to focus on core homebuilding, expecting to benefit from external off-site innovation while reallocating capital to core business.
Operational Discipline on Spec Inventory
Reduced spec inventory (spec in production down 18% from end of 2024); ended year with 13,705 homes in production (7,216 speculative) and maintained disciplined starts relative to sales.
Industry Recognition and Long-Term TSR
PulteGroup ranked #1 in total shareholder returns among homebuilders for both the past year and the past decade, reflecting sustained operating performance.
PHM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PHM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $123.27 | $127.26 | +3.24% |
Oct 21, 2025 | $123.02 | $123.02 | 0.00% |
Jul 22, 2025 | $108.25 | $120.72 | +11.52% |
Apr 22, 2025 | $92.57 | $100.30 | +8.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pultegroup (PHM) report earnings?
Pultegroup (PHM) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is Pultegroup (PHM) earnings time?
Pultegroup (PHM) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHM EPS forecast?
PHM EPS forecast for the fiscal quarter 2026 (Q1) is 1.9.