Filing Flows › Pultegroup (PHM) › Q3 2026 › vs Q3 2025
Pultegroup (PHM) Q3 2026 vs Q3 2025 (year over year)
Pultegroup's revenue fell $431M (-10%) from $4.4B in Q3 2025 to $4.0B in Q3 2026. Operating margin 15.7% against 17.4% (-1.7 pts).
Pultegroup, Q3 2026: revenue $4.0B (-10% year over year), operating margin 15.7%, net earnings $476M, operating cash flow $460M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.7% | 17.4% | -1.7 pts |
| Net margin | 12.0% | 13.3% | -1.3 pts |
| Free cash flow margin | 11.0% | 14.8% | -3.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $4.0B | $4.4B | −$431M | -10% |
| Operating profit | $625M | $768M | −$143M | -19% |
| Costs & expenses | $3.3B | $3.6B | −$288M | -8% |
| Pre-tax earnings | $625M | $768M | −$143M | -19% |
| Cost of revenue | $2.9B | $3.2B | −$275M | -9% |
| SG&A | $397M | $401M | −$3.5M | -0.9% |
| Other operating costs | $44.5M | $54.7M | −$10.2M | -19% |
| Net earnings | $476M | $586M | −$110M | -19% |
| Income tax | $149M | $182M | −$32.5M | -18% |
| Depreciation & amortization | $26.7M | $25.8M | $857K | +3% |
| Share-based compensation | $10.5M | $12.2M | −$1.7M | -14% |
| Working capital & other | $52.8M | −$54.5M | $107M | — |
| Operating cash flow | $460M | $678M | −$218M | -32% |
| Free cash flow (OCF − capex) | $437M | $651M | −$214M | -33% |
| Capital expenditures | $22.9M | $27.3M | −$4.3M | -16% |
Questions
How much did Pultegroup's revenue grow year over year in Q3 2026?
Pultegroup's revenue fell $431M (-10%) from $4.4B in Q3 2025 to $4.0B in Q3 2026. Operating margin 15.7% against 17.4% (-1.7 pts).