Pultegroup (PHM) Operating Expenses (2009 - 2026)

Pultegroup's (PHM) quarterly Operating Expenses came in at $380.3 million in Q1 2026, down 3.31% year-on-year from $393.3 million in Q1 2025, and down 2.34% quarter-over-quarter from $389.5 million in Q4 2025.

Pultegroup (PHM) Operating Expenses (2009 - 2026) Analysis & Trends

Pultegroup has disclosed Operating Expenses across 18 years of filings, most recently posting $380.3 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $380.3 million, down 3.31% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 15.03% YoY), and the FY2025 annual result was $1.6 billion, up 19.12% from the prior year.
  • Operating Expenses came in at $380.3 million for Q1 2026 at Pultegroup, down from $389.5 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $406.9 million in Q3 2024 to a low of $195.6 million in Q4 2024.
  • The 5-year median for Operating Expenses is $353.2 million (2023), against an average of $351.1 million.
  • Across the five-year window, Operating Expenses slumped 36.55% in 2024 and surged 99.07% in 2025, its largest moves.
  • Pultegroup's Operating Expenses stood at $350.8 million in 2022, then retreated by 12.12% to $308.3 million in 2023, then plunged by 36.55% to $195.6 million in 2024, then surged by 99.07% to $389.5 million in 2025, then retreated by 2.34% to $380.3 million in 2026.
  • The last three Operating Expenses figures came in at $380.3 million (Q1 2026), $389.5 million (Q4 2025), and $400.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Horton D R 43.54 Bn 42.20 Bn 1.70 Bn 903.30 Mn
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 380.33 Mn
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn 6.40 Bn
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 156.97 Mn
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 258.25 Mn
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 58.97 Mn
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 154.70 Mn
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 51.40 Mn
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn 81.36 Mn
10 Champion Homes 4.39 Bn 3.74 Bn 172.19 Mn 109.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 380.33 Mn
Dec 31, 2025 389.46 Mn
Sep 30, 2025 400.68 Mn
Jun 30, 2025 390.45 Mn
Mar 31, 2025 393.34 Mn
Dec 31, 2024 195.64 Mn
Sep 30, 2024 406.90 Mn
Jun 30, 2024 361.15 Mn
Mar 31, 2024 357.59 Mn
Dec 31, 2023 308.32 Mn
Sep 30, 2023 353.17 Mn
Jun 30, 2023 314.64 Mn
Mar 31, 2023 336.52 Mn
Dec 31, 2022 350.83 Mn
Sep 30, 2022 350.11 Mn
Jun 30, 2022 351.26 Mn
Mar 31, 2022 329.02 Mn
Dec 31, 2021 344.22 Mn
Sep 30, 2021 320.51 Mn
Jun 30, 2021 272.29 Mn