PHM PulteGroup margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 51

Gross margin

24.8%

Operating margin

15.1%

EBITDA margin

15.4%

Net margin

11.2%

Using the latest TTM figures, PulteGroup shows a gross margin of 24.8%, an operating margin of 15.1%, an EBITDA margin of 15.4%, and a net margin of 11.2%. The company's available margins all declined, with EBITDA margin recording the strongest contraction of 4.7 percentage points.

PHM margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, PulteGroup recorded average margins of 27.75% gross, 19.33% operating, 20.03% EBITDA, and 14.83% net. Compared with their three-year averages, all four current margins are lower.

PHM margin expansion

Year-over-year margin changes in percentage points

Compared with last year, gross, operating, EBITDA, and net margins all declined, with EBITDA margin showing the largest decrease at 4.7 percentage points.

Gross margin expansion

-2.4pp

Operating margin expansion

-4.2pp

EBITDA margin expansion

-4.7pp

Net margin expansion

-3.7pp

PHM Gross margin

Across the last 3 years, PulteGroup's gross margin came to 27.75%. The current gross margin stands at 24.8%, 3 percentage points below its three-year average. Gross margin was highest at 29.7% in Jun 2024 and lowest at 24.8% in Sep 2026.

PHM Operating margin

Reviewing the last 3 years, PulteGroup recorded an average operating margin of 19.33%. The latest operating margin for PulteGroup is 15.1%, 4.2 percentage points below its three-year average. The highest operating margin for PulteGroup was 21.7% in Dec 2024, while the lowest was 15.1% in Sep 2026.

PHM EBITDA margin

Over the last 3 years, PulteGroup recorded an average EBITDA margin of 20.03%. PulteGroup's current EBITDA margin is 15.4% and is 4.6 percentage points below its three-year average. The highest EBITDA margin for PulteGroup was 22.8% in Dec 2024, while the lowest was 15.4% in Sep 2026.

PHM Net margin

The average net margin for PulteGroup was 14.83% across the past 3 years. As of the latest period, the current net margin for PulteGroup is 11.2%, 3.6 percentage points below its three-year average. The net margin for PulteGroup moved between 11.2% in Sep 2026 and 17.2% in Dec 2024.

PHM margin group comparison

Margins compared with peer-group, industry and sector averages

PulteGroup's gross margin of 24.8% is higher than the industry average but lower than the Consumer Cyclical sector average. Looking at the Consumer Cyclical sector average of 36.3%, PulteGroup's gross margin is 32% lower.

PHM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is PulteGroup's gross margin?

For the period ending Sep 30, 2026, PHM recorded a gross margin of 24.8%.

What is PulteGroup's operating margin?

For the period ending Sep 30, 2026, PHM recorded an operating margin of 15.1%.

What is PulteGroup's EBITDA margin?

The current EBITDA margin for PHM is 15.4% as of Sep 30, 2026.

What is PulteGroup's net margin?

For the period ending Sep 30, 2026, PHM recorded a net margin of 11.2%.

What are the average margins of PHM?

Across the last 3 years, PHM averaged 27.8% gross, 19.3% operating, 20.0% EBITDA, and 14.8% net.

What are the highest historical margins of PHM?

PulteGroup's highest recorded margins during the past 5 years were 30.2% gross in Dec 2022, 21.7% operating in Dec 2024, 22.8% EBITDA in Dec 2024, and 17.2% net in Dec 2024.

What are the lowest historical margins of PHM?

PulteGroup's lowest recorded margins during the past 5 years were 24.8% gross in Sep 2026, 15.1% operating in Sep 2026, 15.4% EBITDA in Sep 2026, and 11.2% net in Sep 2026.