PulteGroup Inc (PHM)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 4,005,879 | 3,769,967 | 3,711,085 | 3,615,788 | 3,449,267 | 3,666,269 | 3,630,232 | 3,541,792 | 3,439,563 | 3,131,660 | 2,940,785 | 2,715,685 | 2,509,844 | 2,177,677 | 2,041,442 | 1,858,978 | 1,728,695 | 1,640,896 | 1,522,875 | 1,386,642 | 
| 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 | 
| Pretax margin | 22.03% | 21.58% | 21.84% | 21.80% | 21.28% | 21.22% | 21.14% | 21.01% | 20.93% | 20.24% | 19.53% | 18.68% | 17.78% | 17.07% | 16.68% | 16.21% | 15.66% | 15.11% | 14.35% | 13.19% | 
December 31, 2024 calculation
            Pretax margin = EBT (ttm) ÷ Revenue (ttm)
            = $4,005,879K ÷ $18,181,830K
            = 22.03%        
PulteGroup Inc's pretax margin has demonstrated a positive trend over the years, starting at 13.19% in March 2020 and gradually increasing to 22.03% by December 2024. This indicates the company's ability to effectively control its operating costs and generate profits before taxes. The consistent improvement in pretax margin reflects the company's operational efficiency and financial management. Investors and stakeholders can view this as a positive indicator of the company's profitability and performance over the specified period.
Peer comparison
Dec 31, 2024
Company name
                    Symbol
                    Pretax margin
                PulteGroup Inc
                            PHM
                            22.03%
                        Century Communities Inc
                            CCS
                            10.01%
                        DR Horton Inc
                            DHI
                            16.86%
                        Dream Finders Homes Inc
                            DFH
                            9.72%
                        Everus Construction Group Inc
                            ECG
                            5.99%
                        Green Brick Partners Inc
                            GRBK
                            24.39%
                        KB Home
                            KBH
                            12.28%
                        LGI Homes
                            LGIH
                            10.35%
                        M/I Homes Inc
                            MHO
                            16.30%
                        Meritage Corporation
                            MTH
                            15.72%
                        NVR Inc
                            NVR
                            20.10%