PulteGroup Inc (PHM)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	13,332,500	13,330,900	11,522,000	9,022,790	8,058,870
Revenue	US$ in thousands	16,211,600	16,435,100	14,116,200	11,036,100	10,213,000
Operating profit margin		82.24%	81.11%	81.62%	81.76%	78.91%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $13,332,500K ÷ $16,211,600K
= 82.24%

PulteGroup Inc's operating profit margin has exhibited a positive trend over the past five years, increasing from 13.11% in 2019 to 21.15% in 2023. The consistent improvement in operating profit margin indicates that the company has been effectively managing its operating expenses and generating higher profits relative to its revenue. This upward trajectory suggests that PulteGroup has been successful in optimizing its operations and enhancing profitability over the years. It is essential for investors and analysts to closely monitor this ratio as it reflects the company's efficiency in generating profits from its core business activities.