PulteGroup Inc (PHM)

Pretax margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Earnings before tax but after interest (EBT) US$ in thousands 4,005,880 3,449,270 3,439,560 2,509,840 1,728,690
Revenue US$ in thousands 18,181,800 16,211,600 16,435,100 14,116,200 11,036,100
Pretax margin 22.03% 21.28% 20.93% 17.78% 15.66%

December 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $4,005,880K ÷ $18,181,800K
= 22.03%

PulteGroup Inc's pretax margin has shown a positive trend over the past five years, indicating improving profitability before taxes. The pretax margin increased from 15.66% in December 2020 to 22.03% in December 2024. This steady growth suggests that the company has been effectively managing its costs and expenses relative to its revenue, resulting in a higher percentage of pre-tax profits. The consistent improvement in pretax margin reflects PulteGroup's ability to generate higher earnings from its core operations, which is a favorable sign for investors and stakeholders.