Filing Flows › Pultegroup (PHM) › Q1 2026
Pultegroup (PHM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Pultegroup (PHM) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), -12% from a year earlier and -26% from the quarter before. Operating margin was 13.2%, net earnings $347M (10.2% of revenue).
Pultegroup, Q1 2026: revenue $3.4B (-12% year over year), operating margin 13.2%, net earnings $347M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -26% | -12% |
| Operating profit | $449M | -31% | -34% |
| Net earnings | $347M | -31% | -34% |
| Operating cash flow | $160M | -79% | +19% |
| Free cash flow | $134M | -82% | +28% |
What changed
Revenue was $3.4B in Q1 2026, down 12% year over year and down 26% from the previous quarter.
Operating profit was $0.45B, a 13.2% margin (down 4.3 points year over year). Total costs fell 8% while revenue fell 12%. Net earnings were $0.35B, down 34% year over year. The effective tax rate was 22.8%.
Operating cash flow was $0.16B (up 19% year over year), 46% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.23B. Capital expenditures of $0.03B left free cash flow of $0.13B.
Questions
What was Pultegroup's revenue in the first quarter 2026?
Pultegroup (PHM) reported revenue of $3.4B for the first quarter 2026 (Q1 2026), -12% from a year earlier and -26% from the quarter before.
Was Pultegroup profitable in the first quarter 2026?
Operating profit was $449M (13.2% of revenue) and net earnings $347M.
Source: Pultegroup 10-Q on SEC EDGAR.