Lennar Corporation (LEN) Income Statement Analysis

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Complete financial analysis of Lennar Corporation (LEN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lennar Corporation, a leading company in the Residential Construction industry within the Consumer Cyclical sector.

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Lennar Corporation (LEN)

Industry: Residential Construction

Sector: Consumer Cyclical

Website: https://www.lennar.com

About Lennar Corporation

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	35.44B	34.23B	33.67B	27.13B	22.49B	22.26B	20.57B	12.65B	10.95B	9.47B	7.78B	5.94B	4.10B	3.10B	3.07B	3.12B	4.58B	10.19B	16.27B	13.87B	10.50B	8.91B	7.32B	6.03B	4.71B	3.12B	2.42B	1.30B	1.18B	870.50M	817.90M	666.90M	429.40M	325.70M	350.90M	440.30M	380.50M	331.40M	222.60M	232.00M
Cost of Revenue	0.00	26.06B	23.20B	20.85B	19.01B	17.74B	16.63B	11.02B	8.56B	7.34B	5.97B	4.54B	3.22B	193.23M	2.86B	3.46B	4.89B	12.64B	15.17B	11.64B	8.99B	7.69B	6.21B	5.15B	4.12B	2.70B	2.08B	1.14B	981.40M	714.90M	672.00M	546.80M	345.40M	268.10M	302.70M	0.00	0.00	0.00	0.00	0.00
Gross Profit	35.44B	8.17B	10.47B	6.28B	3.48B	4.52B	3.94B	1.62B	2.39B	2.13B	1.81B	1.39B	888.24M	2.90B	218.29M	-340.12M	-309.83M	-2.45B	1.10B	2.23B	1.51B	1.21B	1.11B	874.76M	582.92M	419.60M	341.10M	164.80M	199.80M	155.60M	145.90M	120.10M	84.00M	57.60M	48.20M	440.30M	380.50M	331.40M	222.60M	232.00M
Gross Profit Ratio	100.00%	23.87%	31.11%	23.14%	15.48%	20.29%	19.16%	12.85%	21.86%	22.52%	23.32%	23.44%	21.64%	93.76%	7.10%	-10.90%	-6.77%	-24.08%	6.73%	16.09%	14.39%	13.64%	15.13%	14.51%	12.38%	13.46%	14.11%	12.65%	16.92%	17.87%	17.84%	18.01%	19.56%	17.68%	13.74%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	648.99M	501.34M	2.38B	398.38M	358.42M	2.06B	1.95B	285.89M	1.13B	1.05B	891.98M	705.52M	566.07M	95.26M	93.93M	129.75M	129.75M	173.20M	193.31M	187.26M	141.72M	111.49M	85.96M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	2.23B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-9.66M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	648.99M	2.73B	2.38B	398.38M	358.42M	2.06B	1.95B	285.89M	1.13B	1.05B	891.98M	705.52M	566.07M	95.26M	93.93M	120.09M	129.75M	173.20M	193.31M	187.26M	141.72M	111.49M	85.96M	75.83M	50.16M	37.60M	29.00M	15.90M	12.40M	10.50M	10.30M	28.10M	20.40M	17.30M	20.50M	0.00	0.00	0.00	0.00	0.00
Other Expenses	0.00	0.00	1.27B	-59.83M	-16.98M	-40.28M	143.78M	8.35M	17.53M	30.87M	10.92M	44.13M	-20.52M	0.00	0.00	0.00	0.00	1.09B	0.00	6.86B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	648.99M	2.73B	3.65B	398.38M	358.42M	2.06B	1.95B	285.89M	1.13B	1.05B	891.98M	705.52M	566.07M	95.26M	93.93M	120.09M	129.75M	173.20M	193.31M	187.26M	141.72M	111.49M	85.96M	75.83M	108.69M	85.30M	53.40M	24.90M	24.40M	20.80M	18.70M	38.10M	31.00M	24.60M	27.00M	397.80M	339.90M	294.30M	199.50M	210.40M
Cost & Expenses	30.10B	28.79B	26.85B	21.25B	19.37B	19.80B	18.58B	11.31B	9.69B	8.39B	6.86B	5.25B	3.78B	288.49M	2.95B	3.58B	5.02B	12.81B	15.36B	11.82B	9.14B	7.80B	6.30B	5.23B	4.23B	2.78B	2.13B	1.16B	1.01B	735.70M	690.70M	584.90M	376.40M	292.70M	329.70M	397.80M	339.90M	294.30M	199.50M	210.40M
Interest Income	0.00	0.00	34.38M	20.14M	22.40M	17.62M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.91M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	179.99M	257.89M	1.48B	365.37M	22.40M	17.62M	11.26M	7.16M	4.63M	12.45M	36.55M	93.91M	94.35M	90.65M	70.43M	70.85M	4.10M	1.93M	13.42M	45.03M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	0.00	110.16M	87.08M	85.95M	94.55M	92.20M	91.18M	66.32M	50.22M	43.67M	38.54M	30.35M	28.08M	21.50M	13.52M	19.91M	32.40M	56.76M	50.01M	79.56M	73.29M	75.91M	72.39M	68.67M	58.53M	47.70M	24.40M	9.00M	12.00M	10.30M	8.40M	10.00M	10.60M	7.30M	6.50M	0.00	0.00	0.00	0.00	0.00
EBITDA	5.34B	5.55B	7.55B	5.88B	3.12B	2.46B	1.85B	1.41B	1.31B	1.16B	990.84M	754.34M	344.55M	210.12M	178.67M	-669.65M	-533.23M	-2.57B	951.98M	2.27B	1.41B	1.18B	872.13M	867.60M	532.77M	382.00M	312.10M	178.10M	187.40M	145.10M	135.60M	92.00M	71.20M	40.30M	27.70M	42.50M	40.60M	37.10M	23.10M	21.60M
EBITDA Ratio	15.07%	16.21%	22.41%	21.67%	13.89%	11.06%	8.98%	11.67%	12.19%	12.90%	12.94%	13.07%	7.71%	90.68%	4.63%	-17.39%	-7.44%	-24.33%	5.44%	15.12%	13.18%	12.99%	14.94%	14.39%	11.32%	12.25%	12.91%	13.67%	15.87%	16.67%	16.58%	13.80%	16.58%	12.37%	7.89%	9.65%	10.67%	11.19%	10.38%	9.31%
Operating Income	5.34B	5.44B	7.46B	5.79B	3.03B	2.37B	1.76B	1.48B	1.26B	1.07B	885.49M	745.51M	227.82M	109.04M	100.06M	-30.99M	-400.79M	-2.91B	901.97M	2.04B	8.70B	7.48B	6.13B	798.93M	474.24M	334.30M	287.70M	169.10M	175.40M	134.80M	127.20M	82.00M	60.60M	33.00M	21.20M	42.50M	40.60M	37.10M	23.10M	21.60M
Operating Income Ratio	15.07%	15.89%	22.15%	21.35%	13.47%	10.64%	8.53%	11.67%	11.49%	11.33%	11.38%	12.56%	5.55%	3.52%	3.26%	-0.99%	-8.76%	-28.61%	5.54%	14.74%	82.84%	83.95%	83.70%	13.25%	10.08%	10.72%	11.90%	12.98%	14.85%	15.49%	15.55%	12.30%	14.11%	10.13%	6.04%	9.65%	10.67%	11.19%	10.38%	9.31%
Total Other Income/Expenses	-157.34M	-237.34M	-773.08M	-458.21M	94.55M	-46.82M	-15.48B	-149.38M	-7.81B	123.60M	47.75M	-3.90M	-94.18M	-5.50M	-29.64M	-300.19M	-121.94M	-455.17M	348.78M	815.28M	188.42M	-6.27B	-5.25B	-119.50M	-98.60M	-48.80M	-47.60M	-54.20M	-23.00M	-19.40M	-15.40M	0.00	-7.70M	0.00	-100.00K	100.00K	0.00	0.00	100.00K	100.00K
Income Before Tax	5.18B	5.20B	6.01B	5.82B	3.12B	2.43B	2.26B	1.19B	1.33B	1.21B	969.78M	681.94M	222.11M	97.97M	94.73M	-731.49M	-561.53M	-3.08B	942.65M	2.16B	1.52B	1.21B	875.71M	679.42M	375.64M	285.50M	240.10M	85.70M	144.30M	115.40M	111.80M	82.00M	45.30M	33.00M	21.10M	42.60M	40.60M	37.10M	23.20M	21.70M
Income Before Tax Ratio	14.63%	15.20%	17.86%	21.45%	13.89%	10.94%	11.00%	9.41%	12.15%	12.77%	12.47%	11.49%	5.41%	3.17%	3.08%	-23.45%	-12.27%	-30.25%	5.79%	15.57%	14.46%	13.55%	11.96%	11.27%	7.98%	9.16%	9.93%	6.58%	12.22%	13.26%	13.67%	12.30%	10.55%	10.13%	6.01%	9.68%	10.67%	11.19%	10.42%	9.35%
Income Tax Expense	-1.22B	1.24B	1.37B	1.36B	656.24M	592.17M	545.17M	417.86M	417.38M	390.42M	341.09M	177.02M	-435.22M	-14.57M	-25.73M	-314.35M	547.56M	-1.14B	348.78M	815.28M	573.45M	455.66M	330.58M	261.58M	146.50M	112.80M	96.00M	35.10M	56.30M	45.00M	43.60M	29.50M	16.20M	11.90M	7.40M	14.50M	13.00M	14.10M	10.70M	10.00M
Net Income	3.93B	3.94B	4.61B	4.43B	2.47B	1.85B	1.70B	810.48M	911.84M	802.89M	638.92M	479.67M	679.12M	92.20M	95.26M	-417.15M	-1.11B	-1.94B	593.87M	1.36B	945.62M	751.39M	545.13M	417.85M	229.14M	172.70M	144.10M	84.40M	88.00M	70.40M	69.20M	52.50M	29.10M	21.10M	13.70M	28.10M	27.60M	23.00M	12.50M	11.70M
Net Income Ratio	11.10%	11.50%	13.70%	16.33%	10.96%	8.31%	8.24%	6.41%	8.33%	8.47%	8.21%	8.08%	16.55%	2.98%	3.10%	-13.37%	-24.24%	-19.05%	3.65%	9.77%	9.00%	8.44%	7.45%	6.93%	4.87%	5.54%	5.96%	6.48%	7.45%	8.09%	8.46%	7.87%	6.78%	6.48%	3.90%	6.38%	7.25%	6.94%	5.62%	5.04%
EPS	14.46	13.73	15.74	14.28	7.88	5.76	5.51	3.38	4.05	3.79	3.06	2.43	3.51	0.48	0.50	-2.40	-6.86	-12.07	3.69	8.43	5.97	5.00	3.80	2.97	1.78	1.32	1.27	1.10	1.20	0.96	0.94	0.74	0.47	0.34	0.22	0.46	0.46	0.41	0.24	0.21
EPS Diluted	14.46	13.73	15.72	14.27	7.85	5.74	5.50	3.38	3.85	3.39	2.75	2.11	3.05	0.47	0.50	-2.40	-6.86	-12.07	3.62	8.07	5.59	4.56	3.44	2.68	1.62	1.22	1.22	1.09	1.19	0.96	0.94	0.74	0.47	0.34	0.22	0.46	0.46	0.41	0.24	0.21
Weighted Avg Shares Out	272.02M	283.32M	289.82M	306.61M	309.41M	318.42M	307.97M	237.16M	222.79M	209.29M	206.25M	194.28M	190.40M	188.23M	186.62M	173.95M	161.56M	160.84M	161.10M	157.90M	158.38M	150.28M	143.31M	140.58M	128.55M	130.48M	113.50M	76.52M	73.27M	73.65M	73.53M	70.93M	62.49M	61.49M	62.11M	61.20M	60.54M	56.53M	53.13M	55.51M
Weighted Avg Shares Out (Dil)	272.02M	283.32M	289.82M	306.61M	309.41M	318.42M	308.57M	237.16M	235.33M	235.43M	232.80M	230.44M	223.07M	199.09M	192.63M	173.95M	161.56M	160.84M	164.16M	167.95M	169.22M	164.82M	158.41M	156.12M	141.26M	141.44M	118.06M	77.21M	73.88M	73.65M	73.53M	70.93M	62.49M	61.49M	62.11M	61.20M	60.54M	56.53M	53.13M	55.51M

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