Short answer
PulteGroup (PHM) filed its Q3 2025 10-Q quarterly report on Oct 21, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $4.4B (down 1.6% year over year) with net income of $586M.
Q3 2025 key financials · XBRL
- Revenue
- $4.4B
- −1.6% YoY · +0.0% QoQ
- Net income
- $586M
- −16.1% YoY · −3.7% QoQ
- EPS (diluted)
- $2.95
- −11.9% YoY · −2.6% QoQ
Source: XBRL data from the PulteGroup (PHM) Q3 2025 10-Q on SEC EDGAR. USD.
PulteGroup Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $4.3B, down 1% YoY; Homebuilding revenues down 2% for 3Q; Financial Services revenues down 9% for 3Q vs 2024
- Home sale gross margin 26.2% vs 28.8% YoY; Nine months margin 26.9% vs 29.4% YoY; Operating margin pressure mainly from land costs and sales incentives
- Best segment: Southeast revenues up 16% with income before taxes up 8% YoY for 3Q; Worst segment: Texas revenues down 28%, income before taxes down 58% YoY for 3Q
- Cash $1.5B unrestricted; Operating cash flow $1.1B for nine months; Share repurchases $900M with $1.3B remaining authorization
- Management expects continued demand volatility, elevated sales incentives, dynamic housing starts pace, maintains focus on liquidity, capital discipline, and steady shareholder returns including dividends and buybacks
Risk Factors
- Operational risk: ongoing housing market volatility affecting demand and pricing, carried forward from 2024 10-K
- Financial risk: liquidity and debt maturity profiles remain unchanged, with no new concerns reported
- Competitive risk: sustained pressure from rising materials costs and labor shortages impacting margins
- Regulatory risk: continued compliance with building codes and environmental regulations from prior disclosures
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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