See more : Visionstate Corp. (VIS.V) Income Statement Analysis – Financial Results
Complete financial analysis of Lennar Corporation (LEN-B) 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-B)
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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