PULTEGROUP INC/MI/ (PHM) closed fiscal year 2025 with a gross margin of 26.4 % and a net margin of 12.8 %.
PULTEGROUP INC/MI/ (PHM) closed fiscal year 2025 with a gross margin of 26.4 % and a net margin of 12.8 %. The same year shows an EBITDA margin of 18.0 % and an EBIT margin of 17.3 %. The free cash flow margin was 10.1 %. Against the previous year the gross margin moved −2.7 pp and the net margin −4.4 pp. Across the period the gross margin ranges between 26.4 % in 2025 and 30.2 % in 2022. The series covers 18 fiscal years, from 2008 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 30.21 % | 29.38 % | 29.09 % | 26.41 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | 16.42 % | 18.92 % | 22.34 % | 21.74 % | 22.47 % | 18.00 % |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | 15.83 % | 18.41 % | 21.90 % | 21.24 % | 21.98 % | 17.35 % |
| Net margin (%) | -23.52 % | -28.95 % | -24.00 % | -5.09 % | 4.28 % | 46.13 % | 8.15 % | 8.26 % | 7.85 % | 5.21 % | 10.03 % | 9.96 % | 12.75 % | 14.17 % | 16.36 % | 16.20 % | 17.18 % | 12.82 % |
| FCF margin (%) | 19.18 % | 16.90 % | 12.63 % | -0.10 % | 15.48 % | 15.01 % | 4.45 % | -6.40 % | 0.38 % | 7.36 % | 13.64 % | 9.97 % | 15.64 % | 6.78 % | 3.47 % | 13.10 % | 8.70 % | 10.10 % |
