PulteGroup Inc (PHM)

Operating 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
Operating income (ttm)	US$ in thousands	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	8,562,300	8,544,540	8,543,020	6,759,598
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
Operating profit margin		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%	83.84%	83.81%	84.30%	66.17%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $15,938,859K ÷ $16,211,570K
= 98.32%

PulteGroup Inc's operating profit margin has shown a consistent improvement over the past eight quarters, ranging from 18.79% in Q1 2022 to 21.38% in Q2 2023. This indicates that the company has been effectively managing its operating expenses in relation to its revenue generation. The upward trend in operating profit margin suggests operational efficiency and effective cost management strategies implemented by the company. It is noteworthy that the company has been able to sustain and improve its profitability over the quarters, reflecting positively on its performance and financial health.