PULTEGROUP INC/MI/ (PHM) Form 8-K — Oct 22, 2026
PulteGroup reported Q3 2026 net income of $476 million, or $2.53 per share, down from $586 million, or $2.96 per share, a year earlier. Home sale revenues fell 9% to $3.9 billion on 6,876 closings, with gross margin compressing to 24.8% from 26.2%, including $26 million of land impairments. Demand softened: net new orders fell 6% to 6,208 homes, with CEO Ryan Marshall citing rising mortgage rates, inflation, and affordability strain pushing buyers to the sidelines. Backlog nonetheless grew 4% to 10,298 homes valued at $6.4 billion.
Key figures
- Eps
- 2.53
- Revenue
- 3973846000
- Net Income
- 475727000
- Total Debt
- 1808896000
- Revenue Yoy
- -9.8%
- Cash Position
- 1369902000
- Sga
- $397 million (10.3% of home sale revenues)
- Closings
- 6876
- Orders yoy
- -6%
- Order value
- $3.5 billion
- Q3 buybacks
- $350 million (2.8 million shares at avg $124.70)
- Closings yoy
- -9%
- Gross margin
- 24.8%
- Ytd buybacks
- $1.0 billion (8.4 million shares, 4% of shares outstanding, avg $123.51)
- Backlog units
- 10298
- Backlog value
- $6.4 billion
- Net new orders
- 6208
- Prior year eps
- 2.96
- Avg sales price
- 561000
- Debt to capital
- 12.1%
- Land impairments
- $26 million (~70 bps)
- Backlog units yoy
- +4%
- Home sale revenues
- $3.9 billion
- Avg community count
- 1,077 (+7% yoy)
- Net debt to capital
- 3.0%
- Mortgage capture rate
- 85%
- Prior year net income
- 585834000
- Prior year gross margin
- 26.2%
- Financial services pretax income
- $46 million
AI analysis
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