Filing Flows › Pultegroup (PHM) › Q2 2026 › vs Q2 2025
Pultegroup (PHM) Q2 2026 vs Q2 2025 (year over year)
Pultegroup's revenue fell $421M (-10%) from $4.4B in Q2 2025 to $4.0B in Q2 2026. Operating margin 15.6% against 18.3% (-2.7 pts).
Pultegroup, Q2 2026: revenue $4.0B (-10% year over year), operating margin 15.6%, net earnings $472M, operating cash flow $17.1M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.6% | 18.3% | -2.7 pts |
| Net margin | 11.9% | 13.8% | -2.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $4.0B | $4.4B | −$421M | -10% |
| Operating profit | $622M | $807M | −$185M | -23% |
| Costs & expenses | $3.4B | $3.6B | −$236M | -7% |
| Pre-tax earnings | $622M | $807M | −$185M | -23% |
| Cost of revenue | $2.9B | $3.1B | −$221M | -7% |
| SG&A | $383M | $390M | −$7.5M | -2% |
| Other operating costs | $52.8M | $60.2M | −$7.4M | -12% |
| Net earnings | $472M | $608M | −$136M | -22% |
| Income tax | $150M | $199M | −$48.2M | -24% |
| Operating cash sources | $512M | $646M | −$134M | -21% |
| Depreciation & amortization | $25.4M | $25.0M | $351K | +1% |
| Share-based compensation | $14.9M | $12.8M | $2.0M | +16% |
| Working capital & other | $495M | $359M | $136M | +38% |
| Operating cash flow | $17.1M | $288M | −$270M | -94% |
| Capital expenditures | $29.9M | $34.5M | −$4.6M | -13% |
| Negative free cash flow (OCF − capex) | $12.8M | −$253M | $266M | — |
Questions
How much did Pultegroup's revenue grow year over year in Q2 2026?
Pultegroup's revenue fell $421M (-10%) from $4.4B in Q2 2025 to $4.0B in Q2 2026. Operating margin 15.6% against 18.3% (-2.7 pts).