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Pultegroup cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$437M in Q3 2026 · $1.3B over twelve months

Operating cash flow$460M
Capital spending−$22.9M
Free cash flow+$437M
Cash / net income1.0×

Analysis

In Q3 2026, Pultegroup generated $460M of operating cash flow and spent $22.9M on capital projects, leaving free cash flow of $437M. That is $214M less than in Q3 2025 ($651M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.4B; the largest uses were buybacks ($1.3B), net borrowing (+) / repaid (−) ($628M), dividends ($194M); besides operations, cash came from other financing ($739M), other investing ($84.4M); the cash balance fell by $71.5M.

Operating cash flow was $460M against net income of $476M — 1.0× profit, roughly in line with earnings. The largest differences: inventory −$342M, payables +$176M, prepaid and other assets −$32.2M.

Free cash flow

Pultegroup: free cash flow by quarterPultegroup: free cash flow by quarter$543MQ4 2024$105MQ1 2025$253MQ2 2025$651MQ3 2025$740MQ4 2025$134MQ1 2026−$12.8MQ2 2026$437MQ3 2026
Operating cash flow less capital spending.
Pultegroup: operating cash flow against capital spendingPultegroup: operating cash flow against capital spendingOperating cash flowCapital spending$568M$24.5MQ4 2024$134M$29.6MQ1 2025$288M$34.5MQ2 2025$678M$27.3MQ3 2025$771M$31.3MQ4 2025$160M$25.4MQ1 2026$17.1M$29.9MQ2 2026$460M$22.9MQ3 2026
Latest (Q3 2026): Operating cash flow $460M, Capital spending $22.9M.

Capital allocation, year by year

Pultegroup: where the cash came from (up) and went (down), by fiscal yearPultegroup: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $1.0BFY2021: Net borrowing −$837MFY2021: Shares issued $11KFY2021: Capital spending −$72.8MFY2021: Acquisitions −$10.4MFY2021: Buybacks −$897MFY2021: Dividends −$148M$1.0BFY2021FY2022: Operating cash flow $668MFY2022: Net borrowing −$4.9MFY2022: Capital spending −$113MFY2022: Acquisitions −$10.4MFY2022: Buybacks −$1.1BFY2022: Dividends −$144M$668MFY2022FY2023: Operating cash flow $2.2BFY2023: Net borrowing −$123MFY2023: Capital spending −$92.2MFY2023: Buybacks −$1.0BFY2023: Dividends −$142M$2.2BFY2023FY2024: Operating cash flow $1.7BFY2024: Net borrowing −$356MFY2024: Capital spending −$119MFY2024: Buybacks −$1.2BFY2024: Dividends −$168M$1.7BFY2024FY2025: Operating cash flow $1.9BFY2025: Net borrowing −$24.5MFY2025: Capital spending −$123MFY2025: Buybacks −$1.2BFY2025: Dividends −$177M$1.9BFY2025
Over these 5 years operating cash flow totalled $7.4B; the largest uses were buybacks ($5.4B) and net borrowing ($1.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.4B
Debt$43.9M
Net cash$1.3B

Pultegroup funds itself: free cash flow was $1.3B over the last twelve months, and $1.4B of cash and investments stands against $43.9M of debt.

Where the cash came from and went

Pultegroup: sources (+) and uses (−) of cash, Q3 2026Pultegroup: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$460MBuybacks−$350MNet borrowing (+) / repaid (−)−$107MOther investing$102MDividends−$49.0MCash drawn (+) / kept (−)−$30.7MCapital spending−$22.9MTaxes on employees’ shares−$1.5MOther financing−$875K
Pultegroup: sources (+) and uses (−) of cash, TTM to Q3 2026Pultegroup: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$1.4BBuybacks−$1.3BOther financing$739MNet borrowing (+) / repaid (−)−$628MDividends−$194MCapital spending−$110MOther investing$84.4MCash drawn (+) / kept (−)$71.5MTaxes on employees’ shares−$39.6M

From profit to cash

Pultegroup: net income to operating cash flow, Q3 2026Pultegroup: net income to operating cash flow, Q3 2026Net income$476MDepreciation & amortization$26.7MStock-based pay$10.5MDeferred taxes$11.1MGains on disposals−$21.4MOther non-cash−$22.1MInventory−$342MPayables$176MPrepaid and other assets−$32.2MOperating cash flow$460M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$460M−$22.9M−$350M−$49.0M−$107M−$30.7M$437M
Q2 2026$17.1M−$29.9M−$373M−$49.8M$21.9M$466M−$12.8M
Q1 2026$160M−$25.4M−$308M−$52.0M$118M$165M$134M
Q4 2025$771M−$31.3M−$300M−$43.0M−$15.3M−$529M$740M
Q3 2025$678M−$27.3M−$300M−$43.6M−$94.1M−$212M$651M
Q2 2025$288M−$34.5M−$300M−$44.3M$65.0M$8.6M$253M
Q1 2025$134M−$29.6M−$300M−$45.8M−$103M$378M$105M
Q4 2024$568M−$24.5M−$320M−$41.1M−$5.4M−$199M$543M

Pultegroup: income statement and cash flow

Pultegroup, Q3 2026: revenue $4.0B (-10% year over year), operating margin 15.7%. The chart follows the revenue to costs, profit and cash.

Pultegroup: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.