Discontinued — last reported Q1 '23
Financial Services — Pre-Tax Income
Pultegroup Financial Services — Pre-Tax Income decreased by 42.2% to $13.90M in Q1 2023 compared to the prior quarter. Year-over-year, this metric declined by 65.8%, from $40.59M to $13.90M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates improved operational efficiency or higher profitability per loan, while a decrease signals rising operating costs or margin compression within the financial services unit.
Detailed definition
This metric measures the pre-tax profitability of the company's financial services segment after accounting for all oper...
Peer comparison
Comparable to pre-tax segment earnings for financial services divisions at peer homebuilders, often analyzed alongside mortgage capture rates and net gain on sale margins.
phm_segment_financial_services_income_before_income_taxesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $51.45M | $48.64M | $55.28M | $40.59M | $40.08M | $27.51M | $24.05M | $13.90M |
| QoQ Change | — | -5.5% | +13.6% | -26.6% | -1.3% | -31.3% | -12.6% | -42.2% |
| YoY Change | — | — | — | — | -22.1% | -43.4% | -56.5% | -65.8% |
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Frequently Asked Questions
- What is Pultegroup's financial services — pre-tax income?
- Pultegroup (PHM) reported financial services — pre-tax income of $13.90M in Q1 2023.
- How has Pultegroup's financial services — pre-tax income changed year-over-year?
- Pultegroup's financial services — pre-tax income decreased by 65.8% year-over-year, from $40.59M to $13.90M.
- What does financial services — pre-tax income mean?
- The pre-tax profit generated by the company's mortgage, title, and insurance services segment.