PulteGroup (PHM) Revenue — Quarter Ended Jun 30, 2025
Revenue for the quarter rose compared to the previous quarter but fell relative to the same period a year ago. The sequential increase reversed a decline in the prior quarter, while the year-over-year decline continued a recent trend.
Key takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue for the quarter rose compared to the previous quarter but fell relative to the same period a year ago. The sequential increase reversed a decline in the prior quarter, while the year-over-year decline continued a recent trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
+13.1%
Change from the immediately preceding quarter.
Year-over-year
-4.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2024 | $4.5B | +11.8% |
| Dec 31, 2024 | $4.9B | +14.6% |
| Mar 31, 2025 | $3.9B | -1.4% |
| Jun 30, 2025 | $4.4B | -4.3% |
Revenue performance
Home sale revenues declined year over year, reflecting lower closings or mix shifts, though land sale and other revenues were mixed. The sequential improvement from the preceding quarter was supported by a recovery in home sale activity.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased notably, reversing a decline. Versus the same quarter one year earlier, revenue decreased by a similar magnitude to the drop seen in that prior-year comparison.
What to watch
Cash and equivalents decreased, while the debt-to-capital ratio excluding financial services debt slightly improved; the company faces upcoming debt maturities in early 2026.