Revenue segments as reported by the company.

Homebuilding

Financial Services

Multifamily 

Lennar Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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Operating Margin

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Equity in earnings (loss) from unconsolidated entities, and other gain

Other expense, net

Lennar Other realized and unrealized gain (loss)

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Lennar

Lennar Corp. is a homebuilder company which engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name. In addition, the company's homebuilding operations purchase, develop, and sell land to third parties. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes strategic investments in technology companies. The company was founded by Gene Fisher and Arnold Paul Rosen in 1954 and is headquartered in Miami, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lennar manages market challenges, eyes growth through strategic initiatives

Lennar tackled market challenges with a focus on volume and cash flow.
Strong balance sheet and liquidity position the company well for growth.
Challenges include market volatility, pricing pressures, and supply shortages.
Opportunities lie in optimizing assets, strategic cash management, and proactive risk mitigation.

Lennar reports strong Q2 results, eyes growth through affordability

Lennar's Q2 performance showcased strength in financial services, cost management, and balance sheet improvements.
Challenges include moderating rental rates, supply chain disruptions, and maintaining cash flow amidst reduced owned lots.
Opportunities for growth through strategic partnerships, market share expansion, and capital allocation strategies are key focus areas.
Overall, Lennar's focus on production consistency, affordability, and strategic growth positions it well for future success.

Lennar reports strong Q3 results, eyes community growth opportunities

Lennar's strong Q3 performance reflects increased home starts, sales, and improved margins.
The company's focus on production efficiency, cost reduction, and land acquisitions is driving profitability.
Challenges include managing pricing dynamics and balancing returns versus growth.
Opportunities lie in community count growth, potential Quarterra plans revival, and strategic initiatives for cash flow.

Lennar delivers strong Q4 results, eyes growth through volume

Lennar's Q4 performance showcased growth in home deliveries and a strong financial position. The company's strategic focus on volume and efficiency drives market share gains. Challenges include managing negative leverage and interest rate impacts.

Lennar excels in Q1, addresses affordability challenges with innovation

Lennar's strong performance in Q1 driven by volume and margin improvements
Balanced focus on efficiency, affordability, and financial strength
Challenges include affordability concerns and market volatility
Opportunities lie in innovative housing solutions and strategic financial moves

Lennar Q2 2024: Strong Margins, Asset-Light Strategy Progress

Lennar's Q2 2024 earnings call highlighted strong operational and financial performance, with significant progress in their transition to an asset-light business model. The company is navigating macroeconomic challenges effectively, while strategic initiatives like the land asset spin-off present new growth opportunities. Continued focus on operational efficiency and strategic asset management is expected to sustain Lennar's market leadership.

Lennar reports strong Q3 earnings and growth outlook amidst challenges

Lennar's Q3 performance reflects strong earnings in key segments and a robust cash position, setting a positive tone for future growth.
While facing challenges like housing shortages and margin fluctuations, Lennar's strategic initiatives and market positioning offer opportunities for long-term success.
Efforts to enhance affordability and operational efficiency position Lennar well to navigate market dynamics and drive sustainable growth in the housing sector.

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Free cash flow

Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment refers to the construction and sale of single-family attached and detached homes and the purchase, development, and sale of residential land directly and through entities. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes funds, asset management platform, and strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.

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IRVINE, Calif., June 24, 2021 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced today that Jeff Roos, Regional President for Lennar's Western Region, is one of five 2021 inductees into California Homebuilding Foundation's (CHF) Hall of Fame.

Jeff Roos, Regional President for Lennar, Named 2021 Inductee into California Homebuilding Foundation's Hall of Fame

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DALLAS, June 23, 2021 /PRNewswire/ --  LMC , a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced that Human Resources Director Nicole Brown has been accepted into the Forbes Human Resources Council, an invitation-only community for HR executives across industries. Brown was vetted and selected by a review committee based on the depth and diversity of her experience.

LMC Human Resources Director Nicole Brown accepted into Forbes Human Resources Council

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Lennar Corp (LEN) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why Lennar Corp (LEN) Stock Might be a Great Pick

Lennar Corporation (NYSE:LEN) has been performing well in the past year and is up by 60.46% in the last 52-weeks. Year-to-date, its overall trajectory has been up, with minor dips in between.

Should I buy Lennar Shares after analysts lift Q3 Earnings Expectations?

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CHICAGO, June 21, 2021 /PRNewswire/ -- LMC , a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the start of preleasing at Triangle Square Apartments, a luxury mixed-use apartment community in the popular Bucktown neighborhood of northern Chicago. The seven-story midrise community features 298 apartment homes for rent and 21,223 square feet of ground-floor retail space.

LMC Announces Preleasing at Triangle Square Apartments

NEW YORK, June 21, 2021 /PRNewswire/ -- ING Capital LLC has closed a $33MM Green Incentive loan – a cutting edge sustainable finance product – with LMC, a wholly owned subsidiary of Lennar Corporation, and a leader in apartment development and management. The loan is secured by The Maddox, a newly built and recently stabilized high-quality multifamily apartment community in Katy, Texas outside of Houston.

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Lennar Corporation's (NYSE:LEN) stock valuation is attractive relative to peers and does not reflect the company's “significant and ongoing” transformation, according to JPMorgan. The Lennar Analyst: Michael Rehaut upgraded the rating for Lennar from Neutral to Overweight, while raising the price target from $115 to $141.

JPMorgan Upgrades Lennar For 'Signficant and Ongoing Transformation'

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Lennar Corporation (LEN) CEO Rick Beckwitt on Q2 2021 Results - Earnings Call Transcript

Intense bidding wars and supply shortages for lumber and other building materials threaten to finally derail the housing market. But one top homebuilder says the good times — for builders, anyway — aren't over just yet.

Top homebuilder says housing boom isn't slowing down just yet

Lennar Corporation (NYSE:LEN) stock is up 2.8% to trade at $93.94 at last check, after the company's fiscal second-quarter report.

Options Bears Target LEN Despite Earnings Beat

Benefits from higher pricing and operating leverage, cost control along with a resilient housing market help Lennar (LEN) post better-than-expected fiscal Q2 earnings as well as revenues.

Lennar (LEN) Q2 Earnings & Revenues Top Estimates, Orders Up

Homebuilder Lennar Corp. ( LEN , Financial) released its fiscal second-quarter 2021 results after the market closed on June 16. Both earnings and revenue surpassed Wall Street's expectations.

Lennar Releases 2nd-Quarter Earnings Report

Lennar Corp (NYSE: LEN) reported its financial results for the fiscal second quarter on Wednesday that topped Wall Street estimates as low borrowing costs continued to fuel home demand.    Financial performance Lennar Corp reported $831.4 million of profit in the second quarter that translates to $2.65 per share.

Here's what Lennar Corp's Q2 earnings report tells us

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(Reuters) -Lennar Corp reported a better-than-expected quarterly profit on Wednesday, helped by higher home prices as supply of new homes remains tight even as demand soars.

Lennar posts better-than-expected quarterly profit on higher home prices

MIAMI, June 16, 2021 /PRNewswire/ -- Net earnings of $831.4 million, or $2.65 per diluted share, compared to net earnings of $517.4 million, or $1.65 per diluted share – both up 61% Net earnings were $923.6 million, or $2.95 per diluted share, excluding the mark to market losses on the Company's strategic investments in Opendoor and Sunnova, and the gain on sale of the Company's solar business Deliveries of 14,493 homes – up 14% New orders of 17,157 homes – up 32%; new orders dollar value of $7.6 billion – up 56% Backlog of 24,741 homes – up 38%; backlog dollar value of $11.0 billion – up 56% Revenues of $6.4 billion – up 22% Homebuilding net margins of $1.1 billion, compared to $655.1 million Gross margin on home sales of 26.1%, compared to 21.6% S,G&A expenses as a % of revenues from home sales of 7.6%, compared to 8.3% Net margin on home sales of 18.5%, compared to 13.3% Financial Services operating earnings of $121.2 million, compared to $150.6 million (including a $61.4 million gain on deconsolidation) Multifamily operating earnings of $22.4 million, compared to operating loss of $0.6 million Lennar Other operating loss of $54.1 million, compared to $18.0 million Homebuilding cash and cash equivalents of $2.6 billion Controlled homesites as a percentage of total owned and controlled homesites increased to 50%, compared to 32% No borrowings under the Company's $2.5 billion revolving credit facility Homebuilding debt to total capital of 23.1%, compared to 31.2% Subsequent to May 31, 2021: The Company retired $300 million of homebuilding senior notes due December 2021 S&P upgraded the Company to Investment Grade. The Company now has an Investment Grade rating from all three agencies.

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