Filing Flows › Pultegroup (PHM) › Q3 2025
Pultegroup (PHM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 21, 2025
Pultegroup (PHM) reported revenue of $4.4B for the third quarter 2025 (Q3 2025), -2% from a year earlier and 0% from the quarter before. Operating margin was 17.4%, net earnings $586M (13.3% of revenue).
Pultegroup, Q3 2025: revenue $4.4B (-2% year over year), operating margin 17.4%, net earnings $586M, operating cash flow $678M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | 0% | -2% |
| Operating profit | $768M | -5% | -15% |
| Net earnings | $586M | -4% | -16% |
| Operating cash flow | $678M | +136% | +49% |
| Free cash flow | $651M | +157% | +56% |
What changed
Revenue was $4.4B in Q3 2025, down 2% year over year and roughly flat from the previous quarter.
Operating profit was $0.77B, a 17.4% margin (down 2.8 points year over year). Total costs grew 2% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+17%). Net earnings were $0.59B, down 16% year over year. The effective tax rate was 23.7%.
Operating cash flow was $0.68B (up 49% year over year), 116% 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 added $0.05B. Capital expenditures of $0.03B left free cash flow of $0.65B.
Questions
What was Pultegroup's revenue in the third quarter 2025?
Pultegroup (PHM) reported revenue of $4.4B for the third quarter 2025 (Q3 2025), -2% from a year earlier and 0% from the quarter before.
Was Pultegroup profitable in the third quarter 2025?
Operating profit was $768M (17.4% of revenue) and net earnings $586M.
Source: Pultegroup 10-Q on SEC EDGAR.