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Pultegroup vs Toll Brothers: PHM and TOL compared
Pultegroup is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $2.7B for Toll Brothers (Q3 FY26). Toll Brothers is growing faster (-10% against -10% a year earlier). Pultegroup is more profitable, with an operating margin of 15.7% against 13.5%.
Where the money goes: PHM and TOL
Pultegroup (PHM) · Q3 2026
Pultegroup, Q3 2026: revenue $4.0B (-10% year over year), operating margin 15.7%, net earnings $476M, operating cash flow $460M. The chart follows the revenue to costs, profit and cash.
Toll Brothers (TOL) · Q3 FY26
Toll Brothers, Q3 FY26: revenue $2.7B (-10% year over year), operating margin 13.5%, net earnings $280M, operating cash flow $250M. The chart follows the revenue to costs, profit and cash.
| Pultegroup (PHM) | Toll Brothers (TOL) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $4.0B | $2.7B |
| Revenue growth, Y/Y | -10% | -10% |
| Operating margin | 15.7% | 13.5% |
| Net earnings | $476M | $280M |
| Net margin | 12.0% | 10.5% |
| Operating cash flow | $460M | $250M |
| Free cash flow | $437M | $220M |
| Market value | $25.4B | $14.5B |
| P/E | 14.4× | 12.1× |
| Analysts’ mean target | $132.41 | $169.11 |
Where the revenue comes from
Toll Brothers
- Home sales: $2.7B (100%)
- Land sales and other: $6.3M (0%)
- Management Fee: $953K (0%)
Questions
Which is bigger, Pultegroup or Toll Brothers?
Pultegroup is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $2.7B for Toll Brothers (Q3 FY26).
Is Pultegroup or Toll Brothers growing faster?
Toll Brothers is growing faster (-10% against -10% a year earlier).
Which is more profitable, Pultegroup or Toll Brothers?
Pultegroup is more profitable, with an operating margin of 15.7% against 13.5%.
More: Pultegroup earnings · how Pultegroup makes money · Toll Brothers earnings · how Toll Brothers makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Aug 28, 2026). Fiscal quarters can end on different dates. Not investment advice.