| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 83 | 12.1x | 17.8x | Top tier | |
Growth | 13 | -7.3% | 7.1% | Bottom tier | |
Quality | 57 | 12.0% | 4.5% | Around median | |
Safety | 91 | 0.4x | 2.6x | Top tier | |
Capital Return | 68 | 0.85% | 2.12% | Top tier | |
Momentum | 40 | -5.5% | 2.9% | Bottom tier | |
Sentiment | 81 | 11 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
PulteGroup builds and sells homes through a portfolio serving first-time buyers, move-up buyers, and active adults, alongside financing services linked to closings. In Q2 fiscal 2026, its 7,536 new orders were distributed as 39% first-time buyers, 36% move-up buyers, and 25% active adults, with an order value of $4.1 billion. The company supports sales with lot choices and upgrades, which, together with lot premiums, averaged nearly $107 thousand for homes closed during the period, while its financial services recorded pretax income of $37 million and a mortgage capture rate of 85%.
PulteGroup generated approximately $4.0 billion in revenue in Q2 fiscal 2026, including $3.8 billion from home sales, compared with $4.3 billion in home sale revenue in the corresponding period, due to an 8% decline in closings to 6,997 homes and a 3% decrease in the average selling price to $544 thousand. The company recorded gross profit of $1.1 billion and net income of $472 million, or $2.48 per share, compared with net income of $608 million and earnings of $3.03 per share in the corresponding period. Homebuilding gross margin was 25%, up 60 basis points from Q1 fiscal 2026, while selling, general, and administrative expenses rose to 10.1% of home sale revenue from 9.1% in the corresponding period because of lower closings.
On a fiscal 2025 basis, the company recorded revenue of $17.3 billion, net income of $2.2 billion, and earnings per share of $11.12. The latest twelve-month period shown for 2026 indicates revenue of $16.4 billion, net income of $1.9 billion, and earnings per share of approximately $10.00, reflecting a decline from fiscal 2025 levels. Nevertheless, the company ended Q2 fiscal 2026 with $1.4 billion in liquidity and a debt-to-capital ratio of 12.3%, while repurchasing 3.1 million shares for $373 million during the period.
The average analyst price target is $145.14, slightly above the 52-week range high of $144.50, with an overall consensus rating of Buy, while individual estimates range from $116 to $166. The August 25, 2026 upgrade to Outperform with a $158 target supports the positive outlook, but the wide target range and declines in net income and earnings per share make the valuation case sensitive to margin resilience and closing execution; the data do not present a reliable earnings multiple for comparison.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
PulteGroup generated approximately $4.0 billion in revenue and recorded net income of $472 million and earnings per share of $2.48 in Q2 fiscal 2026. New orders rose 6% to 7,536 homes valued at $4.1 billion, but home sale revenue declined to $3.8 billion because closings fell 8% and the average selling price decreased 3%. A 5% annual decline in construction costs, an improved mix of closings in Florida, and a 50-basis-point sequential decrease in incentives helped lift the homebuilding margin to 25%.
Build-to-order represented 45% of orders in Q2 fiscal 2026, and the company is targeting approximately 60% compared with 40% for speculative homes. The model allows move-up and active adult buyers to select the lot, options, and upgrades, which, together with lot premiums, approached $107 thousand for homes closed during the period. At the same time, the company reduced speculative inventory under construction to 6,638 homes and completed inventory to 1.3 homes per community, benefiting from a construction cycle of 100 business days or less in some markets.
The company expects to close between 7,000 and 7,400 homes in Q3 fiscal 2026 and reaffirmed its full-year range of 28,500 to 29,000 homes. It expects an average selling price between $550 thousand and $560 thousand in each of Q3 and Q4 fiscal 2026 and a full-year gross margin between 24.5% and 25.0%. It is also targeting operating cash flow of approximately $1 billion and selling, general, and administrative expenses equal to 9.5% to 9.7% of home sale revenue.
Automated analysis for informational purposes only — not investment advice.
Florida orders rose 19% year over year in Q2 fiscal 2026, and management described the performance of its operations there as strong across several periods. Midwest markets, including Columbus, Cleveland, and Chicago, recorded strong demand, along with Greenville and Coastal Carolina markets, while orders also improved in Dallas and Houston. In contrast, the West remained the slowest region to recover, despite improved orders in California and the Pacific Northwest.
The opening of Explore by Del Webb communities in Tampa and Columbus contributed to a 12% increase in active adult orders during Q2 fiscal 2026. The company had three communities open at the July 22, 2026 call, in Palm Desert in Southern California, Columbus, and Tampa, and mentioned a subsequent planned opening in Utah east of Park City without specifying a date. The product targets amenity-rich communities open to a broader group of buyers, including Gen X individuals approaching retirement, rather than being limited to communities restricted to those over 55.
PulteGroup expects a gross margin between 24.5% and 25.0% in Q3 fiscal 2026 after recording 25% in Q2, with incentives remaining at elevated levels of 10.4%. Selling, general, and administrative expenses also rose to 10.1% of home sale revenue from 9.1% in the corresponding period because of lower closings. The end of the benefit from lower lumber costs and the potential increase in oil, asphalt, pipe, and diesel costs add risk to construction and land development costs at a time when affordability challenges limit the ease of passing these increases on to buyers.
