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)
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 |
Lennar Stock Drops as Investors Don't Like the Homebuilder's Latest Outlook
Lennar (LEN) shares dropped Friday despite stronger-than-expected quarterly results as the homebuilder's guidance left investors uninspired.
Lennar Q3 Earnings & Revenues Beat, Stock Down on Tepid Q4 View
LEN's third-quarter fiscal 2024 results reflect higher deliveries and orders. Yet, lower home prices and gross margins ail the bottom line.
Cramer's Mad Dash: Lennar
CNBC's Jim Cramer delivers his daily Mad Dash.
Lennar (LEN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Lennar (LEN) give a sense of how its business performed in the quarter ended August 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Markets Celebrate Loosening Interest Rate Cycle
Economic prints were better than expected today, as well -- all but FedEx's (FDX) Q1 earnings results.
Lennar (LEN) Q3 Earnings and Revenues Beat Estimates
Lennar (LEN) came out with quarterly earnings of $3.90 per share, beating the Zacks Consensus Estimate of $3.62 per share. This compares to earnings of $3.91 per share a year ago.
Lennar Reports Third Quarter 2024 Results
Third Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 10% to $4.26 $3.90, excluding mark-to-market gains on technology investments and one-time items in the Company's Multifamily segment Net earnings increased 5% to...
Homebuilder Stocks Rise as Fed Rate Cut Looks Good For Mortgages
Homebuilder stocks are rising a day after the Federal Reserve kicked off its rate-cutting cycle, lowering the benchmark rate by half a percentage point.
Lennar Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Lennar Corporation LEN will release earnings results for its third quarter, after the closing bell on Thursday, Sept. 19.
Homebuilder Giants Lennar, PulteGroup Hit New 52-Week Highs As Rate Cut Closes In
Homebuilder stocks are hitting new highs as anticipation builds ahead of the Federal Reserve's upcoming rate cut decision. Both Lennar Corp LEN and PulteGroup, Inc. PHM surged to 52-week highs on Sept.
Source: https://incomestatements.info
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