PulteGroup Inc (PHM)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	2,602,372	2,773,610	2,762,763	2,694,853	2,617,317	2,398,351	2,245,972	2,096,936	1,946,320	1,721,166	1,662,015	1,507,236	1,406,840	1,304,527	1,161,233	1,053,654	1,016,700	918,551	934,982	1,018,030
Revenue (ttm)	US$ in thousands	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	10,212,940	10,195,180	10,134,190	10,214,930
Net profit margin		16.05%	16.05%	16.09%	15.98%	15.93%	15.50%	14.92%	14.43%	13.79%	13.49%	13.58%	13.14%	12.75%	12.01%	10.94%	10.02%	9.96%	9.01%	9.23%	9.97%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,602,372K ÷ $16,211,570K
= 16.05%

The net profit margin of PulteGroup Inc has remained relatively stable over the last eight quarters, ranging from 14.46% in Q1 2022 to 16.30% in Q3 2023. The company has consistently demonstrated strong profitability, with margins consistently above 14%. This indicates that PulteGroup Inc effectively manages its expenses relative to its revenue, resulting in a healthy level of profitability. Overall, the trend in net profit margin suggests that the company has been successful in maintaining and even improving its profitability over the analyzed period.