Demand and volumemixed · 5 filings
“The decrease in net new orders was primarily attributable to our Las Vegas and Arizona operations.”10-Q · Jul 22, 2026 ↗
PulteGroup, Inc.
PHM
Market read
PulteGroup, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Company-2.1% todayVolume comparison unavailable
Market group0 of 9 activeEconomic Cyclicals · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Decreases in home sale gross margins were primarily attributable to pricing actions, including elevated sales incentives, and increased land acquisition and development costs.
Invalidation: The isolated read changes if PHM's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 9 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Decreases in home sale gross margins were primarily attributable to pricing actions, including elevated sales incentives, and increased land acquisition and development costs.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements139
Verified relationships0
Evidence supporting the case
- Pricing and mix has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Latest annual revenue changed -3.5% year over year.
- Net margin changed -4.4 percentage points in the latest annual period.
Questions before a position
- EV/sales is 23% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
116.416m-5.6%12m-14.9%24m-9.2%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$13.7B+24.5%$7.43-3.5%
2022-12-31$16.0B+16.5%$11.01-9.1%
2023-12-31$16.1B+0.4%$11.72-6.4%
2024-12-31$17.9B+11.7%$14.69-5.1%
2025-12-31$17.3B-3.5%$11.12-4.9%
What management says matters
Persistent and emerging business drivers
Pricing and mixpositive · 4 filings
“The decreases in home sale gross margins were primarily attributable to the aforementioned pricing actions, including elevated sales incentives, and increased land acquisition and development costs.”10-Q · Jul 22, 2026 ↗
Capital investment and capacitymixed · 3 filings
“These cash outflows primarily resulted from capital expenditures of $64.1 million related to our ongoing investments in new communities, facilities, and information technology applications, partially offset by distributions of capital from unconsolidated enti…”10-Q · Jul 22, 2026 ↗
Credit and interest ratesmixed · 2 filings
“These cash outflows resulted primarily from the repurchase of 7.6 million common shares for $880.0 million under our share repurchase authorization, payments of $126.6 million in cash dividends, payments of $94.1 million related to consolidated inventory not…”10-Q · Oct 21, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.3× · EV/sales 1.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
116.41-2.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PHM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for PHM. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind PHM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PHM is currently a Early Follower in the organic co-movement group Economic Cyclicals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
This group is retained as the last observed read for PHM; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.