PulteGroup, Inc. (NYSE: PHM) Q2 2025 Earnings | 07/22/2025

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PulteGroup, Inc. announced strong financial results for its second quarter ended June 30, 2025, reporting net income of $608 million, or $3.03 per share. This compares to net income of $809 million, or $3.83 per share, in the prior year quarter, which included one-time insurance and tax benefits. Despite challenges in the housing market, PulteGroup demonstrated disciplined execution, closing 7,639 homes—a 6% decline year-over-year—while the average selling price increased 2% to $559,000. Total home sale revenues declined 4% to $4.3 billion. The company posted a home sale gross margin of 27.0%, slightly below the previous year’s 29.9%, but within guided ranges. Operating margin stood at 17.9%, supported by controlled selling, general, and administrative expenses which represented 9.1% of home sale revenues. Net new orders for Q2 totaled 7,083 homes, valued at $3.9 billion, down 7% year-over-year. The backlog at quarter-end was 10,779 homes with a value of $6.8 billion. PulteGroup operated from an average of 994 communities, marking a 6% increase compared to the prior year. Financial services operations generated pre-tax income of $43 million, impacted by lower home closing volumes. The mortgage capture rate was 85% for the quarter. PulteGroup ended the period with $1.3 billion in cash and a debt-to-capital ratio of 11.4%. The company repurchased 3 million shares for $300 million during the quarter and has repurchased 5.8 million shares year-to-date for $600 million, reflecting a strong commitment to shareholder returns. CEO Ryan Marshall highlighted the company’s ability to navigate a competitive market, adjust production and land investments to current demand, and position itself for market share growth as demand recovers. Looking ahead, PulteGroup expects to close approximately 29,000 homes in 2025, maintain gross margin guidance of 26-26.5% for the second half of the year, and generate around $1.4 billion in cash flow. Management remains cautiously optimistic amid macroeconomic uncertainties and continues to emphasize operational discipline and geographic diversification as pillars for long-term value creation. About Inside Ticker: For up-to-date earnings analysis, market insights, and in-depth updates on PulteGroup, Inc. (NYSE: PHM) and other leading homebuilders, follow Inside Ticker and visit InsideTicker.com for expert coverage and real-time financial news. #PulteGroup #PHM #Q22025 #Earnings #FinancialResults #Homebuilding #NetIncome #EPS #Revenue #GrossMargin #OperatingMargin #Orders #Backlog #MortgageCapture #ShareRepurchase #CashFlow #HousingMarket #InsideTicker