Here are the 10-K annual reports from Pultegroup, Inc. (PHM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PHM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PHM filings page.
PulteGroup, Inc. reports softer 2025 results as U.S. housing affordability weakened. Homebuilding generated 98% of consolidated revenues of $17.3 billion, with home sale revenues down 3% to $16.7 billion as closings fell 5% to 29,572 homes while average selling price rose to $566,000.
Net income declined to $2.22 billion from $3.08 billion, and diluted EPS fell to $11.12 from $14.69. Home sale gross margin compressed to 26.3% from 28.9%, pressured by higher land costs and elevated sales incentives, including mortgage rate buydowns. Backlog decreased to $5.27 billion (8,495 homes) from $6.49 billion.
The company continued returning capital, repurchasing 10.6 million shares for $1.2 billion in 2025 and ending the year with $982.9 million remaining under its authorization. The quarterly dividend was raised 18% to $0.26 per share. PulteGroup ended 2025 with $2.0 billion in cash and $892.9 million available on its revolving credit facility, while controlling 234,632 lots across 26 states.