PulteGroup Inc (PHM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,449,270 | 3,439,560 | 2,509,840 | 1,728,690 | 1,339,580 |
| Revenue | US$ in thousands | 16,211,600 | 16,435,100 | 14,116,200 | 11,036,100 | 10,213,000 |
| Pretax margin | 21.28% | 20.93% | 17.78% | 15.66% | 13.12% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,449,270K ÷ $16,211,600K
= 21.28%
The pretax margin of PulteGroup Inc has shown a positive trend over the past five years. The company's pretax margin has steadily increased from 13.12% in 2019 to 21.48% in 2023. This indicates that the company has been able to improve its profitability before accounting for taxes and interest expenses. The consistent growth in pretax margin suggests that PulteGroup Inc has effectively managed its costs and expenses relative to its revenue over the years, resulting in higher profitability. It indicates a favorable operational efficiency and financial performance, which is a positive signal for investors and stakeholders. Overall, the increasing pretax margin demonstrates the company's ability to generate more profit from its operations over time.
Peer comparison
Dec 31, 2023