PulteGroup appears to be emerging from an operational trough, with gross margin recovering 610 basis points from a 20.7% low in Q2 2026 to 26.8% in Q3 2026, suggesting that peak sales incentive intensity may have passed.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue declined roughly -9.8% year-over-year in Q3 2026 amid a fifth straight quarterly contraction, yet operating margin recovered to 15.3% from an 11.1% trough as gross margin rebounded 610 basis points to 26.8%, supported by a stable SG&A base held within a $380–407M band.
PulteGroup is described as a high-quality business with persistent performance, which academic research shows tends to outperform by 4-6% annually over long periods.
The stock has a momentum score of 55/100, indicating market recognition and the tendency for momentum to persist.
PulteGroup screens well on Peter Lynch-style metrics such as earnings growth and PEG ratio, highlighting its valuation appeal.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 22, 2026 | $2.53-4.5% vs $2.65 | $4.0B-4.2% vs $4.2B |
Q3 2026 Jul 22, 2026 | $2.48+5.1% vs $2.36 | $4.0B+1.0% vs $3.9B |
Q2 2026 Apr 23, 2026 | $1.79-1.1% vs $1.81 | $3.4B+1.0% vs $3.4B |
Q1 2026 Jan 29, 2026 | $2.58-8.2% vs $2.81 | $4.6B+6.4% vs $4.3B |
Zacks.com users have recently been watching PulteGroup (PHM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
AMADY, FSBW and PHM have been added to the Zacks Rank #5 (Strong Sell) List on October 27th, 2026.
Valuations seemed much more favorable for international property companies, particularly in comparison to some of the larger U.S. companies involved with senior housing and data centers. Along these lines, the Fund initiated positions in the common stock of Scentre Group and Home Depot during the quarter. Third Avenue Real Estate Value Fund trimmed back WESCO and Freddie Mac preferred, exited D.R. Horton, and extended its British Pound and Hong Kong Dollar hedges for portfolio management purposes.
PulteGroup's Q3 results showed weakening housing demand, with new orders falling 6% despite operating 7% more communities. Buyer traffic dropped 14% YoY, as high mortgage rates continued to make homes less affordable and discourage potential buyers. Gross margin held up at 24.8%, partly because Pulte sold fewer lower-margin speculative homes. However, this also hurt sales volumes.
Benchmark PHM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for PulteGroup, Inc. (PHM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $132.49 | $25.57B | 13.85 | -3.54% | 11.24% | 13.8% | 0.67% | |
| $152.28 | $42.59B | 14.65 | -3.52% | 8.74% | 11.93% | 1.18% | |
| $88.74 | $22.03B | 16.09 | -3.54% | 4.1% | 5.99% | 2.28% | |
| $6298.29 | $17B | 16.71 | -2.08% | 11.23% | 29.53% | — | |
| $152.56 | $14.26B | 12.17 | 1.11% | 11.14% | 14.21% | 0.64% | |
| $131.60 | $3.39B | 12.31 | -1.93% | 6.59% | 8.64% | — |
PulteGroup, Inc. (PHM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
PulteGroup, Inc. (PHM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 22, 2026·SEC
Jul 22, 2026·SEC
May 1, 2026·SEC
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PulteGroup, Inc. (PHM) stock FAQ — growth, dividends, profitability & financials explained
PulteGroup, Inc. (PHM) reported $15.98B in revenue over the trailing twelve months. Revenue was $17.31B in fiscal year 2025. That is 626% more than the $2.38B of fiscal year 1996.
PulteGroup, Inc. (PHM) revenue fell by 9.3% over the trailing twelve months, compared with the twelve months before.
Yes. PulteGroup, Inc. (PHM) earned $1.80B in net income over the trailing twelve months (a 11.2% net margin).
Yes. PulteGroup, Inc. (PHM) pays a dividend that yields 0.67% at the current price, a small yield.
PulteGroup, Inc. (PHM) had a return on equity (ROE) of 13.8% over the trailing twelve months. That is in line with the market's typical 10-15%.
PulteGroup, Inc. (PHM) generated $1.30B in free cash flow over the trailing twelve months.
