Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 4.6B | 16.5% |
| Gross Profit | 1.03B | 29.9% |
| Cost of Revenue | 3.57B | 13.1% |
| Operating expense | 364M | 4% |
| Net Income | 809M | 22% |
| EBITDA | 1.07B | 20.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 16.5B | 0.3% |
| Total Liabilities | 5.32B | 7.2% |
| Total Equity | 11.2B | 4.3% |
| Shares Outstanding | 210M | 1.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 417M | 74.1% |
| Cash from investing | -39M | 46.2% |
| Cash from financing | -698M | 135.9% |
EPS
Financial Highlights for PulteGroup in Q2 '24
PulteGroup reported a revenue of 4.6B, which is a 16.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.03B, marking a 29.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.57B, a 13.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 364M, showing a -4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 809M, showing a 22% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.07B, showing a 20.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for PulteGroup with growth in revenue, gross profit, and net income.
