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

Gross Margin

Operating Margin

Profit Margin

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 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

Earnings data Q1 2025

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.

Lennar faces Q4 misses, eyes growth through spin-off and acquisition

Despite missing Q4 expectations, Lennar is strategically positioned for growth and efficiency improvements through asset-light transition, spin-off, and acquisition. Economic challenges persist, but the company remains optimistic about future prospects and aims for sustainable growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

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EBITDA

Net income

Earnings per share

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Net PPE

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Total equity

Stockholders equity

Minority interest

Total liabilities & equity

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Book value per share

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Funds from operations

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Change in stock

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Cash from other sources

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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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Mid-rise luxury community in the heart of Plantation  PLANTATION, Fla. , April 20, 2022 /PRNewswire/ -- LMC , a wholly owned subsidiary of Lennar Corporation [NYSE: LEN] and a leader in apartment development and management, today announced the opening of The Remy , a luxury apartment community in Plantation, located just west of Ft.

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Our theme of Housing Stocks, which includes the stocks of home builders, building products companies, and home improvement players, has declined by about 32% year-to-date, compared to the S&P 500, which remains down by about 8% over the same period. The sharp sell-off in the housing space comes.

D.R. Horton, Lennar: Are Home Builder Stocks A Value Trap?

Lennar has fallen as mortgage finance activity has dropped. However, this data is not actually a good measure of Lennar's revenue stream.

Misinterpreted Mortgage Data Made Lennar Opportunistically Cheap

J.P. Morgan analyst Michael Rehaut cut his price targets on a host of home builders' stocks, saying investors are likely to remain concerned about the sustainability of current demand given the continued rise in interest rates. The iShares U.S. Home Construction ETF ITB, +1.77% rose 2.0% in midday trading Wednesday, but has tumbled 29.4% since closing at a record $83.04 on Dec. 12, 2020.

Home builder stocks shouldn't bounce much after earnings as rate outlook weighs, analyst says

Steady performance, higher operating leverage and a solid backlog level are likely to help Lennar (LEN) grow further, defying challenges.

Why You Should Consider Buying Lennar (LEN) Amid Challenges

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Investing in values stocks like TPH, DHI, LEN, MDC and TMHC in the housing industry seems prudent, given a choppy environment.

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Spending on residential construction projects is helping the construction sector, boding well for stocks like D.R. Horton (DHI), Lennar Corporation (LEN), Century Communities (CCS) and NVR, Inc (NVR).

Homebuilding Industry Driving Construction Spending: 4 Picks

Certifications reflect company's commitment to energy conservation CHARLOTTE, N.C. , April 4, 2022 /PRNewswire/ --  LMC , a wholly-owned subsidiary of Lennar (NYSE:LEN) and a leader in apartment development and management, today announced that eight LMC communities were awarded Energy Star certifications from the Environmental Protection Agency (EPA) for their energy conservation efforts.

Eight LMC Communities Earn EPA Energy Star Certifications

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WINCHESTER, Va. , March 29, 2022 /PRNewswire/ -- Homebuyers in Winchester, Virginia can now enjoy the trademark design, technology, and quality of a Lennar home with the introduction of Senseny Village, a masterplanned community with 107 one- and two-story single-family homes from one of the nation's leading homebuilders.

HOME SALES OPEN FOR FIRST-EVER LENNAR NEIGHBORHOOD IN WINCHESTER, VIRGINIA, BRINGING DESIGN, TECHNOLOGY, QUALITY AND COMMUNITY TOGETHER AT SENSENY VILLAGE

Lennar has gotten extremely cheap as fears of rising mortgage rates and supply chain issues rise.

Lennar Is At A Cyclical Peak, But It's Worth Buying Anyway

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

How Lennar (LEN) Stock Stands Out in a Strong Industry

The average 30-year fixed-rate mortgage has climbed past 4% for the first time in three years.

Higher interest rates are pressuring homebuilder stocks but investors should stick with them as housing demand remains strong, Jefferies says

Lennar (LEN) is poised to gain from solid housing market fundamentals, strategic land investments and improving SG&A leverage.

Here's Why Investors Should Buy Lennar (LEN) Stock Right Now

Lennar (LEN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Lennar (LEN) Upgraded to Buy: Here's What You Should Know

The average of price targets set by Wall Street analysts indicates a potential upside of 33.1% in Lennar (LEN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 33% Upside in Lennar (LEN): Here's What You Should Know

U.S. homebuilder Lennar Corp on Thursday forecast current-quarter profit above Street estimates, as strong demand for costlier homes continue to buoy its performance amid the supply challenges faced by the industry.

News for Lennar Stock (LEN)