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Pultegroup (PHM) operating margin by quarter

Pultegroup's operating margin was 15.7% in Q3 2026 (third quarter 2026), +0.1 pts from Q2 2026. Over the last 7 quarters it ranged from 13.2% (Q1 2026) to 18.3% (Q2 2025).

Pultegroup operating margin by quarterPultegroup operating margin by quarter17.5%Q1 202518.3%Q2 202517.4%Q3 202514.2%Q4 202513.2%Q1 202615.6%Q2 202615.7%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 202615.7%+0.1 pts-1.7 pts
Q2 202615.6%+2.4 pts-2.7 pts
Q1 202613.2%-1.0 pts-4.3 pts
Q4 202514.2%-3.2 pts—
Q3 202517.4%-0.9 pts—
Q2 202518.3%+0.8 pts—
Q1 202517.5%——

Q3 2026 at a glance

Pultegroup, Q3 2026: revenue $4.0B (-10% year over year), operating margin 15.7%, net earnings $476M, operating cash flow $460M. The chart follows the revenue to costs, profit and cash.

Questions

What is Pultegroup's operating margin?

Pultegroup's operating margin was 15.7% in Q3 2026 (third quarter 2026), +0.1 pts from Q2 2026.

How has Pultegroup's operating margin changed?

Over the last 7 quarters it ranged from 13.2% (Q1 2026) to 18.3% (Q2 2025).

Q3 2026 results → · How Pultegroup makes money →