PulteGroup Inc (PHM)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Gross profit (ttm) US$ in thousands 16,741,205 15,040,805 14,976,026 14,881,566 17,302,869 9,883,709 12,623,480 15,255,280 14,879,880 14,141,990 13,726,870 13,239,550 10,126,250 9,149,660 8,675,160 7,973,940 10,229,200 10,053,750 9,787,370 9,630,410
Revenue (ttm) US$ in thousands 18,181,830 17,468,810 16,996,000 16,585,090 16,211,570 17,278,700 17,170,230 16,861,230 16,435,110 15,472,220 15,056,210 14,535,940 14,116,210 12,760,680 12,236,590 11,470,890 11,036,080 10,860,630 10,616,030 10,511,230
Gross profit margin 92.08% 86.10% 88.12% 89.73% 106.73% 57.20% 73.52% 90.48% 90.54% 91.40% 91.17% 91.08% 71.73% 71.70% 70.90% 69.51% 92.69% 92.57% 92.19% 91.62%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $16,741,205K ÷ $18,181,830K
= 92.08%

PulteGroup Inc's gross profit margin has shown fluctuation over the periods provided in the data. The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, indicating the company's efficiency in managing production costs.

From March 31, 2020, to December 31, 2021, the gross profit margin steadily increased, reaching a peak of 92.69% in December 2020. This indicates that during this period, the company was effectively controlling its production costs and generating a higher margin on sales.

However, from March 31, 2021, to September 30, 2021, there was a significant decline in the gross profit margin, dropping to around 70%. This could imply an increase in production costs or a decrease in selling prices, impacting the overall profitability of the company.

The gross profit margin improved in the following periods up to June 30, 2022, reaching levels above 90% again. This suggests that PulteGroup Inc managed to address the issues impacting the margin and improve its efficiency in cost management during this period.

From September 30, 2022, to December 31, 2024, the gross profit margin began to decrease gradually. The margin dropped to as low as 57.20% in September 2023 before spiking unexpectedly to 106.73% in December 2023. Such fluctuations could be attributed to various factors, such as changes in pricing strategies, input costs, or sales mix.

Overall, the company's gross profit margin has shown variability, indicating the need for continuous monitoring and effective cost management strategies to ensure sustained profitability and financial health.