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| Date | Value |
|---|---|
| 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 |