PulteGroup Inc (PHM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,602,370	2,617,320	1,946,320	1,406,840	1,016,700
Revenue	US$ in thousands	16,211,600	16,435,100	14,116,200	11,036,100	10,213,000
Net profit margin		16.05%	15.93%	13.79%	12.75%	9.95%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,602,370K ÷ $16,211,600K
= 16.05%

PulteGroup Inc's net profit margin has shown a positive trend over the past five years, increasing steadily from 9.85% in 2019 to 16.14% in 2023. This signifies the company's ability to generate profit from its revenue, with a stronger performance in recent years. A higher net profit margin indicates that the company is effectively managing its expenses relative to its revenue, resulting in increased profitability. PulteGroup Inc's consistent improvement in net profit margin reflects its operational efficiency and financial stability over the time period analyzed.