PulteGroup Q2 profit falls to $3.03 per share as home sale revenue drops 4%
PulteGroup reported second-quarter 2025 diluted earnings of $3.03 per share, down from $3.83 a year earlier, and net income of $608 million, down from $809 million. Home sale revenue fell 4% to $4.3 billion as closings dropped 6% to 7,639 homes, and net new orders declined 7%, so shareholders face weaker sales and profit in the quarter, though the company repurchased $300 million of stock and ended with $1.3 billion in cash.
Key points
- Diluted EPS was $3.03 versus $3.83 a year earlier; the prior-year figure included a $52 million pre-tax insurance benefit and a $13 million tax benefit.
- Home sale gross margin was 27.0%, down from 29.9% last year, and within the company's previously provided guidance range.
- Net new orders were 7,083 homes worth $3.9 billion, versus 7,649 homes worth $4.4 billion a year earlier.
- The company repurchased $300 million of common shares in the quarter and ended June 30 with a debt-to-capital ratio of 11.4%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits 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 July 22, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.