Pultegroup (PHM) Operating Margin (2009 - 2026)
Pultegroup's (PHM) quarterly Operating Margin came in at 16.95% in Q2 2026, down 274.0% year-over-year from 9.74% in Q2 2025, and up 15.35% quarter-over-quarter from 14.7% in Q1 2026.
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Pultegroup (PHM) Operating Margin (2009 - 2026) Analysis & Trends
Pultegroup has disclosed Operating Margin across 18 years of filings, most recently posting 16.95% for Q2 2026.
- In Q2 2026, Operating Margin fell 274.0% year-over-year to 16.95%; the TTM figure through Jun 2026 stood at 17.13% (down 420.0% YoY), while the FY2025 annual figure was 18.66%, down 432.0% from the prior year.
- Operating Margin came in at 16.95% for Q2 2026 at Pultegroup, up from 14.7% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 24.86% in Q4 2024 to a low of 14.7% in Q1 2026.
- Average Operating Margin over 5 years is 20.96%, with a median of 21.58% recorded in 2023.
- Year-over-year, Operating Margin surged 344 bps in 2022 and slumped 726 bps in 2025.
- Over 5 years, Operating Margin stood at 23.52% in 2022, then decreased by 2 bps to 23.09% in 2023, then grew by 8 bps to 24.86% in 2024, then fell by 29 bps to 17.6% in 2025, then declined by 4 bps to 16.95% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 16.95% in Q2 2026, 14.7% in Q1 2026, and 17.6% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 37.01 Bn | 2.15 Bn | 12.52% |
| 2 | Pultegroup | 22.45 Bn | 21.07 Bn | 1.06 Bn | 16.95% |
| 3 | Lennar | 19.43 Bn | 17.25 Bn | 7.69 Bn | 1.84% |
| 4 | Nvr | 16.68 Bn | 15.59 Bn | 485.14 Mn | 14.38% |
| 5 | Toll Brothers | 12.67 Bn | 11.61 Bn | 625.22 Mn | 13.51% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 10.22% |
| 7 | Meritage Homes | 4.20 Bn | 3.39 Bn | 254.14 Mn | 7.85% |
| 8 | M | 3.64 Bn | 2.91 Bn | 235.50 Mn | -68.02% |
| 9 | Kb Home | 3.06 Bn | 3.00 Bn | 174.03 Mn | -3.30% |
| 10 | Green Brick Partners | 2.95 Bn | 2.82 Bn | 157.52 Mn | 20.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.95% |
| Mar 31, 2026 | 14.70% |
| Dec 31, 2025 | 17.60% |
| Sep 30, 2025 | 18.67% |
| Jun 30, 2025 | 19.70% |
| Mar 31, 2025 | 18.73% |
| Dec 31, 2024 | 24.86% |
| Sep 30, 2024 | 21.29% |
| Jun 30, 2024 | 23.53% |
| Mar 31, 2024 | 21.91% |
| Dec 31, 2023 | 23.09% |
| Sep 30, 2023 | 21.87% |
| Jun 30, 2023 | 23.52% |
| Mar 31, 2023 | 20.75% |
| Dec 31, 2022 | 23.52% |
| Sep 30, 2022 | 22.64% |
| Jun 30, 2022 | 23.50% |
| Mar 31, 2022 | 20.50% |
| Dec 31, 2021 | 21.49% |
| Sep 30, 2021 | 19.20% |