NYSE: PHM
PULTEGROUP INC/MI/CIK 0000822416 · SIC 1531 · Operative Builders
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Latest financial statements
From 10-Q filed Oct 22, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(in thousands)
| Description | Three months ended September 30, 2026 | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Homebuilding | ||||
| Home sale revenues | 3,859,030 | 4,248,375 | 10,973,638 | 12,265,619 |
| Land sale and other revenues | 7,790 | 53,169 | 116,025 | 140,345 |
| 3,866,820 | 4,301,544 | 11,089,663 | 12,405,964 | |
| Financial Services | 107,026 | 103,255 | 275,712 | 295,241 |
| Total revenues | 3,973,846 | 4,404,799 | 11,365,375 | 12,701,205 |
| Homebuilding Cost of Revenues: | ||||
| Home sale cost of revenues | (2,901,856) | (3,133,548) | (8,258,644) | (8,968,112) |
| Land sale and other cost of revenues | (5,046) | (48,062) | (100,322) | (129,504) |
| (2,906,902) | (3,181,610) | (8,358,966) | (9,097,616) | |
| Financial Services expenses | (61,468) | (58,897) | (181,306) | (173,478) |
| Selling, general, and administrative expenses | (397,198) | (400,681) | (1,160,497) | (1,184,472) |
| Equity income (loss) from unconsolidated entities, net | (2,772) | 2,422 | 2,069 | 3,333 |
| Other income, net | 19,700 | 1,755 | 30,366 | 7,110 |
| Income before income taxes | 625,206 | 767,788 | 1,697,041 | 2,256,082 |
| Income tax expense | (149,479) | (181,954) | (402,315) | (538,967) |
| Net income | 475,727 | 585,834 | 1,294,726 | 1,717,115 |
| Per share: | ||||
| Basic earnings | 2.55 | 2.98 | 6.84 | 8.62 |
| Diluted earnings | 2.53 | 2.96 | 6.79 | 8.55 |
| Cash dividends declared | 0.26 | 0.22 | 0.78 | 0.66 |
| Number of shares used in calculation: | ||||
| Basic | 186,633 | 196,536 | 189,353 | 199,258 |
| Effect of dilutive securities | 1,205 | 1,605 | 1,239 | 1,548 |
| Diluted | 187,838 | 198,141 | 190,592 | 200,806 |
Balance Sheet
| Description | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Cash, cash equivalents, and restricted cash | 1,048,455 | 1,632,196 |
| House and land inventory | 13,816,167 | 12,635,442 |
| Amount due from Non-Guarantor Subsidiaries | 974,854 | 1,083,631 |
| Total assets | 17,134,300 | 16,507,470 |
| LIABILITIES | ||
| Accounts payable, customer deposits, accrued and other liabilities | 2,828,448 | 2,601,837 |
| Notes payable | 1,808,896 | 1,631,098 |
| Total liabilities | 5,107,848 | 4,682,755 |
Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 1,294,726 | 1,717,115 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Deferred income tax expense | 24,524 | 51,921 |
| Land-related charges | 65,030 | 69,811 |
| Loss on debt retirement | 2,637 | — |
| Depreciation and amortization | 76,626 | 75,549 |
| Equity income from unconsolidated entities, net | (2,069) | (3,333) |
| Distributions of income from unconsolidated entities | 4,758 | 3,060 |
| Share-based compensation expense | 44,718 | 43,221 |
| Other, net | (21,494) | (739) |
| Increase (decrease) in cash due to: | ||
| Inventories | (1,149,355) | (635,860) |
| Residential mortgage loans available-for-sale | 179,718 | 143,516 |
| Other assets | (127,060) | (203,007) |
| Accounts payable, accrued and other liabilities | 244,207 | (161,132) |
| Net cash provided by operating activities | 636,966 | 1,100,122 |
| Cash flows from investing activities: | ||
| Capital expenditures | (78,221) | (91,401) |
| Investments in unconsolidated entities | (45,773) | (9,171) |
| Distributions of capital from unconsolidated entities | 21,564 | 45,669 |
| Proceeds from asset dispositions | 90,587 | 2,799 |
| Other investing activities, net | 3,000 | (12,000) |
| Net cash used in investing activities | (8,843) | (64,104) |
| Cash flows from financing activities: | ||
| Proceeds from debt issuance | 794,784 | — |
| Repayments of notes payable | (612,691) | (9,163) |
| Financial Services repayments, net | (149,093) | (122,683) |
| Debt issuance costs | (23,411) | (1,446) |
| Proceeds from liabilities related to consolidated inventory not owned | 26,558 | 25,643 |
| Payments related to consolidated inventory not owned | (31,633) | (32,981) |
| Share repurchases | (1,031,567) | (900,000) |
| Excise tax on share repurchases | (11,482) | (11,550) |
| Cash paid for shares withheld for taxes | (39,557) | (24,303) |
| Dividends paid | (150,780) | (133,658) |
| Net cash used in financing activities | (1,228,872) | (1,210,141) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (600,749) | (174,123) |
| Cash, cash equivalents, and restricted cash at beginning of period | 2,008,776 | 1,653,680 |
| Cash, cash equivalents, and restricted cash at end of period | 1,408,027 | 1,479,557 |
| Supplemental Cash Flow Information: | ||
| Interest paid, net | 10,760 | 12,904 |
| Income taxes paid, net | 410,565 | 533,574 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗