Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Profit fell almost twice as fast as sales
Incentives thinned the margin on each home and overhead barely shrank, so a 9.8% revenue drop cut net income 18.8%.
For investorsWhat would steady PulteGroup's margin from here
For foundersPaying for the right to walk away: the land option playbook
PulteGroup ran more selling communities than a year ago yet took fewer orders, so each one sold noticeably fewer homes.
More homes are now sold before they are built, which supports future closings even as fresh orders slow.
Operating cash flow nearly matched net income this quarter, after the second quarter turned almost none of its profit into cash.
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Business Lens describes PulteGroup from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
