PulteGroup Inc (PHM)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	14,731,900	14,849,700	12,813,000	10,140,800	9,184,310
Revenue	US$ in thousands	16,211,600	16,435,100	14,116,200	11,036,100	10,213,000
Gross profit margin		90.87%	90.35%	90.77%	91.89%	89.93%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $14,731,900K ÷ $16,211,600K
= 90.87%

The gross profit margin of PulteGroup Inc has shown a positive trend over the past five years, increasing from 23.47% in 2019 to 29.38% in 2023. This indicates the company's ability to generate a higher percentage of revenue after deducting the cost of goods sold. The consistent improvement in the gross profit margin suggests effective cost management and potentially better pricing strategies. The upward trend in the gross profit margin is a positive sign for the company's profitability and operational efficiency.