PulteGroup Inc (PHM)

Operating 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
Operating income (ttm)	US$ in thousands	15,396,815	13,553,815	13,542,641	13,494,561	15,938,859	8,418,529	11,161,210	13,756,250	13,391,310	12,716,440	12,330,090	11,919,540	8,862,612	8,259,472	7,832,722	7,196,552	9,436,240	9,260,790	8,990,630	8,782,880
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
Operating profit margin		84.68%	77.59%	79.68%	81.37%	98.32%	48.72%	65.00%	81.59%	81.48%	82.19%	81.89%	82.00%	62.78%	64.73%	64.01%	62.74%	85.50%	85.27%	84.69%	83.56%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $15,396,815K ÷ $18,181,830K
= 84.68%

Based on the provided data, PulteGroup Inc's operating profit margin has shown some fluctuations over the quarters analyzed. The operating profit margin represents the percentage of revenue that remains as operating profit after deducting operating expenses.

The trend for PulteGroup Inc's operating profit margin shows a general upward trajectory from March 2020 to December 2020, reaching a peak of 85.50% at the end of the year. This indicates that the company was able to efficiently manage its operating expenses relative to its revenue during this period.

However, starting from March 2021, there was a noticeable decline in the operating profit margin, with the margin dropping to 62.74%. This decline continued through June and September 2021, but a slight uptick was seen in December 2021.

Subsequently, there was a marked improvement in the operating profit margin in the first quarter of 2022, jumping to 82.00%. The margin remained relatively stable for the next few quarters, hovering around the 80% mark.

In the latter part of 2023, there was a significant drop in the operating profit margin, decreasing to 48.72% by September 2023. This decline continued into December 2023 before a recovery was seen in the first quarter of 2024.

Overall, PulteGroup Inc's operating profit margin has demonstrated a mix of fluctuations and trends over the quarters analyzed. It is important for the company to closely monitor and manage its operating expenses to ensure sustained profitability and efficiency in its operations.