Pultegroup (PHM) Gross Margin (2009 - 2026)
Pultegroup (PHM) recorded Gross Margin of 26.57% in Q2 2026, down 1.99 percentage points from 28.56% a year earlier but up 0.71 percentage points from the prior quarter.
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Analysis
Pultegroup (PHM) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Pultegroup's Gross Margin came in at 26.60% as of Jun 30, 2026, down 2.56 percentage points year-over-year; for FY2025, it was 27.75%, down 2.59 percentage points from FY2024.
- Annual Gross Margin has declined for three straight years, though with a five-year change of +0.99 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 30.34% in FY2024 (-0.21 pp), 30.55% in FY2023 (-0.79 pp), 31.34% in FY2022 (+2.58 pp) and 28.76% in FY2021 (+2.00 pp).
- Quarterly Gross Margin has ranged from 25.85% in Q1 2026 to 32.56% in Q2 2022 over the past five years.
- On a year-over-year basis, Gross Margin has declined for eight consecutive quarters, with an average year-over-year change of -2.13 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 4.20 percentage points in Q2 2022, against a drop of 2.98 percentage points in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.85% (Q1 2026), 26.05% (Q4 2025) and 27.77% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 30.03 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 22.34 Bn | 15.63 Bn | 1.06 Bn | 26.57% |
| 3 | Lennar | 17.27 Bn | 6.70 Bn | 807.31 Mn | 10.17% |
| 4 | Nvr | 16.72 Bn | 10.01 Bn | 485.14 Mn | 20.85% |
| 5 | Toll Brothers | 12.58 Bn | 7.96 Bn | 625.22 Mn | 23.52% |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 20.95% |
| 7 | Champion Homes | 4.80 Bn | 2.28 Bn | - | - |
| 8 | Cavco Industries | 4.31 Bn | 3.07 Bn | - | - |
| 9 | Meritage Homes | 4.24 Bn | 1.16 Bn | 513.60 Mn | 18.28% |
| 10 | M | 3.48 Bn | 550.71 Mn | 235.50 Mn | 22.15% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.57% |
| Mar 31, 2026 | 25.85% |
| Dec 31, 2025 | 26.05% |
| Sep 30, 2025 | 27.77% |
| Jun 30, 2025 | 28.56% |
| Mar 31, 2025 | 28.84% |
| Dec 31, 2024 | 28.83% |
| Sep 30, 2024 | 30.38% |
| Jun 30, 2024 | 31.38% |
| Mar 31, 2024 | 30.97% |
| Dec 31, 2023 | 30.27% |
| Sep 30, 2023 | 30.70% |
| Jun 30, 2023 | 31.03% |
| Mar 31, 2023 | 30.16% |
| Dec 31, 2022 | 30.43% |
| Sep 30, 2022 | 31.63% |
| Jun 30, 2022 | 32.56% |
| Mar 31, 2022 | 30.94% |
| Dec 31, 2021 | 29.75% |
| Sep 30, 2021 | 28.41% |
API Access
Pultegroup Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PHM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PHM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PHM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();