See more : Kwality Limited (KWALITY.NS) Income Statement Analysis – Financial Results
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.
You may be interested
- V2X, Inc. (VVX) Income Statement Analysis – Financial Results
- Longwen Group Corp. (LWLW) Income Statement Analysis – Financial Results
- Freedom Acquisition I Corp. (FACT) Income Statement Analysis – Financial Results
- Appreciate Group plc (APP.L) Income Statement Analysis – Financial Results
- LAN & SPAR INVEST (LSIB60.CO) Income Statement Analysis – Financial Results
Lennar Corporation (LEN)
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 |
New Home Sales Dip in May: What Lies Ahead for Housing?
Sales of new U.S. single-family homes slipped in May, marking the lowest level in six months, according to the U.S. Census Bureau's latest report. New home sales — a leading housing market indicator based on signed contracts, not closings —...
Consumer Shows Stress
U.S. equity markets climbed to fresh record-highs this week while benchmark interest rates hovered near two-month lows as the "bad news is good news" dynamic persisted. Investors responded favorably to another relatively downbeat slate of economic data, including soft retail...
Top 3 Home Builder Stocks: Key Insights into the Housing Market
The housing market in 2024 continues to be complex and volatile for homebuyers and investors. Interest rate volatility, affordability concerns, and persistent inflation present ongoing challenges for the industry.
Lennar Corporation Declares Quarterly Dividends
MIAMI , June 20, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and...
Lennar Stock: A Prime Opportunity for Buy-and-Hold Investors
Lennar NYSE: LEN shares fell 5% to a multi-month low after setting tepid guidance for Q2. However, the move is overblown in light of the guidance, full-year outlook, cash flow, and robust capital return.
Time to Buy the Dip in Lennar Corporation's (LEN) Stock After Earnings?
Although Lennar (LEN) exceeded its fiscal second quarter top and bottom-line expectations after-market hours on Monday, its stock fell -5% in today's trading session which may coincide with profit-taking amid weaker-than-expected EPS guidance.
Is Lennar's Future Built On Shifting Sands?
Lennar Corporation is the second-largest home builder in the US and has seen significant growth recently. However, challenges such as elevated mortgage rates and rising resale inventory are impacting the housing market and home builders like Lennar. Despite solid fundamentals,...
Lennar Corporation (LEN) Q2 2024 Earnings Call Transcript
Lennar Corporation (NYSE:LEN ) Q2 2024 Earnings Conference Call June 18, 2024 11:00 AM ET Company Participants David Collins - Vice President and Controller Stuart Miller - Executive Chairman and Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer and...
Lennar Stock Falls On Soft Deliveries Outlook: What To Know
Lennar beat analysts' expectations for its fiscal second quarter but said it expects lower-than-anticipated deliveries in Q3. Here's what you need to know.
Lennar (LEN) Q2 Earnings & Revenues Beat Estimates, Orders Up
Lennar's (LEN) second-quarter fiscal 2024 results reflect higher deliveries and orders. Yet, gross margin remains under pressure due to lower home prices and higher land costs.
Source: https://incomestatements.info
Category: Stock Reports