How PulteGroup makes money

Period

FY2025

How does PulteGroup make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

PulteGroup Inc. · FY2025 · year ended 2025-12-31

Revenue$17.3BGross profit$17.3B · 100%Cost of revenue$0 · 0%Operating income$15.7B · 91%Operating expenses$1.6B · 9%SG&A$1.6B · 9%Pre-tax income$2.9B · 17%Other expense$12.8B · 74%Net income$2.2B · 13%Income tax$693M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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