Revenue segments as reported by the company.

Homebuilding

Financial Services

Multifamily 

Lennar Other

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

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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.

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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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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.

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.

Lennar Reports Second Quarter EPS of $2.65

Focus on entry-level buyers and robust housing market fundamentals are likely to have aided Lennar's (LEN) fiscal Q2 performance.

Lennar (LEN) to Report Q2 Earnings: What's in the Cards?

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SEATTLE, June 9, 2021 /PRNewswire/ --  LMC , a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the topping out of Ovation, a luxury two-tower high-rise and mixed-use apartment community located at the gateway to the First Hill neighborhood of Seattle.  The topping out symbolizes a milestone in the construction process for the 32-story towers, which feature 548 apartment homes and 6,000 square feet of retail and office space.

LMC Announces Topping Out of Ovation Apartment Community

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MIAMI, June 3, 2021 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the second quarter ended May 31, 2021 after the market closes on June 16, 2021. Additionally, the Company will hold a conference call on June 17, 2021 at 10:30 a.m.

Lennar Corporation's Second Quarter Earnings Conference Call to be Broadcast Live on the Internet

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Taking Stock of the Earnings Picture

Lennar (LEN) closed the most recent trading day at $95.29, moving +0.46% from the previous trading session.

Lennar (LEN) Gains But Lags Market: What You Should Know

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Current housing boom is backed by a wave of cash, record demand, lack of inventory, and solid origination practices. Lennar looks undervalued in multiple areas.

Lennar: Buy The Pullback

Lennar's (LEN) focus on improvement of the SG&A line along with resilient housing market are set to drive growth. However, rising land, labor and construction costs pose a threat.

Favorable Housing Market Aids Lennar (LEN) Amid Rising Costs

Cautious Optimism On Lennar

The availability of lumber, lots and labor is a source of concern for the construction industry.

Economic Report: Home builder confidence remains strong, but buyers should expect rising prices

"But it is not a price sensitive economy right now in the least. And I don't know exactly how one shows up in different price indices, but there's more inflation going on, quite a bit more inflation going on that people would have anticipated just six months ago or thereabouts.

Inflation: It's Just the Start

Lennar (LEN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why the Earnings Surprise Streak Could Continue for Lennar (LEN)

CHARLOTTE, N.C., May 10, 2021 /PRNewswire/ --  LMC , a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, today announced the launch of LMC Emblem Communities, which will focus on the development of suburban apartment housing across the nation.

LMC Announces Launch of LMC Emblem Communities

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Lennar (LEN) Hits 52-Week High, Can the Run Continue?

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Homebuilding giant Lennar Corp (LEN) is up 1.4% to trade at $105.28 at last check, inching back up toward its April 16 all-time high of $106.40.

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News for Lennar Stock (LEN)