Filing Flows › Pultegroup (PHM) › Q2 2025
Pultegroup (PHM) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 22, 2025
Pultegroup (PHM) reported revenue of $4.4B for the second quarter 2025 (Q2 2025), -4% from a year earlier and +13% from the quarter before. Operating margin was 18.3%, net earnings $608M (13.8% of revenue).
Pultegroup, Q2 2025: revenue $4.4B (-4% year over year), operating margin 18.3%, net earnings $608M, operating cash flow $288M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | +13% | -4% |
| Operating profit | $807M | +19% | -23% |
| Net earnings | $608M | +16% | -25% |
| Operating cash flow | $288M | +114% | -31% |
| Free cash flow | $253M | +142% | -35% |
What changed
Revenue was $4.4B in Q2 2025, down 4% year over year and up 13% from the previous quarter.
Operating profit was $0.81B, a 18.3% margin (down 4.5 points year over year). Total costs grew 1% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+78%). Net earnings were $0.61B, down 25% year over year. The effective tax rate was 24.6%.
Operating cash flow was $0.29B (down 31% year over year), 47% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.36B. Capital expenditures of $0.03B left free cash flow of $0.25B.
Questions
What was Pultegroup's revenue in the second quarter 2025?
Pultegroup (PHM) reported revenue of $4.4B for the second quarter 2025 (Q2 2025), -4% from a year earlier and +13% from the quarter before.
Was Pultegroup profitable in the second quarter 2025?
Operating profit was $807M (18.3% of revenue) and net earnings $608M.
Source: Pultegroup 10-Q on SEC EDGAR.