PulteGroup Q1 profit falls to $2.57 per share as home sale revenues decline 2%
PulteGroup reported first quarter 2025 results, with net income of $523 million, or $2.57 per share, down from $663 million, or $3.10 per share, a year earlier. Home sale revenues fell 2% to $3.7 billion as closing volume dropped 7%, and net new orders declined to 7,765 homes from 8,379, though the company repurchased $300 million of its shares.
Key points
- Diluted EPS was $2.57 versus $3.10 a year earlier; the prior-year figure included a $38 million pre-tax joint venture sale gain and a $27 million pre-tax insurance benefit.
- Home sale gross margin was 27.5%, down 210 basis points from the prior year but unchanged from the fourth quarter of 2024.
- Net new orders were 7,765 homes valued at $4.5 billion, down from 8,379 homes and $4.7 billion a year earlier.
- The company repurchased 2.8 million shares for $300 million and ended the quarter with $1.3 billion in cash and a debt-to-capital ratio of 11.7%.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.