PulteGroup
Builds U.S. homes for first-time, move-up, and active-adult buyers through specialized consumer brands.
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Profile
Builds new homes across the United States for first-time, move-up, and active-adult buyers through Pulte Homes, Centex, Del Webb, DiVosta, and John Wieland. Revenue comes overwhelmingly from homebuilding, while captive mortgage, title, and insurance services support buyers; demand is tied to local housing conditions and mortgage availability.
Builds and sells new homes across the United States through Pulte Homes, Centex, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods. The portfolio spans first-time, move-up, and active-adult buyers, with single-family detached homes forming most closings.
Matches community locations, floor plans, amenities, and price points to local demand, while balancing built-to-order homes with speculative inventory. Homebuilding includes acquiring and developing land, securing entitlements, and overseeing construction performed largely by independent subcontractors. Pulte Mortgage and related subsidiaries provide mortgage banking, title, and insurance agency services mainly to its homebuyers.
Results depend on land availability and development approvals, construction labor and materials, local housing demand, and buyers' access to mortgage financing. Mortgage operations also rely on agency underwriting rules and secondary-market loan sales.
Company facts
Key statistics
Year to date +7.9% · Average volume (30d) 1.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Wolfe Research | Upgrade | Peer Perform | Outperform | $129 | $158 |
| Jul 23, 2026 | UBS | Reiterate | Buy | $162 | $166 | |
| Jul 23, 2026 | RBC Capital | Reiterate | Sector Perform | $115 | $116 | |
| Jul 23, 2026 | Evercore ISI | Reiterate | Outperform | $151 | $162 | |
| Jul 23, 2026 | Barclays | Reiterate | Equal Weight | $123 | $124 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $2.36 | $2.48 | +5.1% | $3.94B | $3.98B | +1.0% | −1.64% |
| Apr 23, 2026Q1 FY26 | $1.80 | $1.79 | −0.6% | $3.37B | $3.41B | +1.0% | −2.36% |
| Jan 29, 2026Q4 FY25 | $2.81 | $2.58 | −8.2% | $4.33B | $4.61B | +6.4% | −1.71% |
| Oct 21, 2025Q3 FY25 | $2.89 | $2.96 | +2.4% | $4.30B | $4.40B | +2.4% | −2.48% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.89B | $4.40B | $4.40B | $4.61B | $3.41B | $3.98B | |
| Gross profit | $1.07B | $1.20B | $1.22B | $1.14B | $822.1M | $825.5M | |
| Operating income | $671.9M | $805.5M | $761.3M | $753.0M | $440.4M | $442.5M | |
| Net income | $522.8M | $608.5M | $585.8M | $501.6M | $347.0M | $472.0M | |
| Diluted EPS | $2.57 | $3.03 | $2.96 | $2.56 | $1.79 | $2.43 | |
| Gross margin | 27.4% | 27.2% | 27.8% | 24.8% | 24.1% | 20.7% | |
| Operating margin | 17.3% | 18.3% | 17.3% | 16.3% | 12.9% | 11.1% |
Fiscal years (4-quarter sums)FY21 $13.93B · FY22 $16.10B · FY23 $16.06B · FY24 $17.95B · FY25 $17.31B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.89B · Total debt $2.30B · Total assets $18.26B · Shareholders' equity $13.01B
Dividends
Raised for 12 straight years — most recently to $0.26 from $0.22 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jul 2 | $0.26 | |
| Mar 17, 2026 | Mar 17 | Apr 2 | $0.26 | |
| Dec 16, 2025 | Dec 16 | Jan 6 | $0.26 | raised from $0.22 |
| Sep 16, 2025 | Sep 16 | Oct 2 | $0.22 | |
| Jun 17, 2025 | Jun 17 | Jul 2 | $0.22 | |
| Mar 18, 2025 | Mar 18 | Apr 2 | $0.22 | |
| Dec 17, 2024 | Dec 17 | Jan 3 | $0.22 | raised from $0.20 |
| Sep 17, 2024 | Sep 17 | Oct 2 | $0.20 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 193.01M · Float 186.22M · 96.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 18.73M | 9.71% | 13F | Aug 7, 2026 |
| Franklin Resources Inc | 15.56M | 8.06% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 12.46M | 6.45% | 13F | Aug 13, 2026 |
| State Street Corp | 9.17M | 4.75% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 8.16M | 4.23% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 27, 2026 | Matthew William Koart | officer: Exec. VP & COO | −7,457 | $120.00 |
| May 8, 2026 | Lila Snyder | director | −3,339 | $117.18 |
| Feb 24, 2026 | Kevin A. Henry | officer: EVP and Chief People Officer | −5,173 | $141.04 |
| Feb 5, 2026 | Thomas J. Folliard | director | −37,000 | $134.04 |
| Feb 6, 2026 | Brien P. O'Meara | officer: Vice President & Controller | −4,000 | $135.51 |
Peers
- D.R. Horton
National builder rival across entry, move-up, land, and lending
- Lennar
National builder overlap across homes, active-adult, mortgage and title
- NVR
Direct East Coast homebuilding and captive mortgage overlap
- Toll Brothers
Luxury and active-adult homebuilding peer with financing overlap
- KB Home
Built-to-order builder overlapping first-time and move-up demand
- Meritage Homes
Entry-level builder overlap in Sun Belt markets and buyer financing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PulteGroup | $128.55 | +0.02% | $24.81B | 13.2 | 12.0 | 1.5 | −9.6% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Lennar | $86.50 | +0.19% | $21.44B | 13.5 | 15.2 | 0.7 | −5.0% |
| NVR | $6,396.27 | −0.21% | $17.27B | 16.6 | 16.6 | 1.8 | −10.6% |
| Toll Brothers | $146.22 | +0.02% | $13.67B | 11.7 | 10.6 | 1.3 | −9.7% |
| KB Home | $54.96 | +0.18% | $3.36B | 13.3 | 13.6 | 0.6 | −27.3% |
| Meritage Homes | $71.02 | −0.14% | $4.74B | 14.9 | 12.9 | 0.9 | −14.3% |
| Median | 13.8 | 13.4 | 1.1 | −10.2% |