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 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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

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.

D.R. Horton

iShares U.S. Home Construction ETF

PulteGroup

Taylor Morrison Home

Hurricane Milton could slow down new home construction in the state of Florida, which could have a negative impact on the overall U.S. housing market.

Florida Is A Top State For New Home Builds — Could Hurricane Milton Slow It Down? 4 Homebuilder Stocks That Could Come Under Pressure

On September 20, 2024, Lennar Corporation (NASDAQ: LEN, $180.45; Market Capitalization: $48.6 billion), one of the largest homebuilders in the US, announced its intention to spin off some of its land banking assets. The spin-off, named Millrose Properties Inc. (Millrose), is anticipated to qualify as a Real Estate Investment Trust (REIT), which will acquire and develop land for Lennar and other home builders, providing fully developed homesites through land option contracts.

Lennar Outlines Plans For REIT Spin-Off

Lennar LEN has headwinds in 2024, including margin pressure, but that is the worst news. While the housing market at large is tepid, conditions favor home builders, driving business, cash flow, and capital returns.

Why Lennar Stock Could Be the Best Play in the Housing Market

Century Communities

M/I Homes

Lennar, PulteGroup, NVR, M/I Homes and Century Communities have been highlighted in this Industry Outlook article.

Zacks Industry Outlook Lennar, PulteGroup, NVR, M/I Homes and Century Communities

Now is the ideal time to buy this Buffett stock.

If I Could Buy Only 1 Warren Buffett Stock in October, This Would Be It

Although a rise in land/labor costs and low residential construction spending pose risks, lower rates and better operating leverage are likely to drive homebuilders like LEN, PHM, NVR, MHO and CCS.

5 Homebuilding Stocks Ready to Soar Defying Industry Challenges

On October 2, 2024, Lennar Corp (LEN, Financial), one of the United States' leading homebuilders, released its 10-Q filing, revealing a comprehensive financial performance and strategic positioning. The filing indicates a solid revenue increase in homebuilding, from $8.32 million in the three months ended August 31, 2023, to $9.05 million in the same period in 2024.

Decoding Lennar Corp (LEN): A Strategic SWOT Insight

Amazon

Louisiana-Pacific

You won't need a lot of cash to invest in these Buffett stocks.

The Best Warren Buffett Stocks to Buy With $500 Right Now

Carnival

KB Home

NVIDIA

Q3 is closing strong behind hopefulness regarding further interest rate cuts, including companies in the Homebuilding space.

Good Q3 for the Stock Market; Can Q4 Keep Up the Pace?

Accenture Plc

CenterPoint Energy

McDonald's

Micron Technology

On September 25, 2024, Micron's Board of Directors declared a quarterly dividend of $0.115 per share, payable in cash on October 23, 2024, to shareholders of record as of the close of business on October 7, 2024.

Daily Dividend Report: Micron, Lennar, McDonalds, Accenture, CNP

MIAMI , Sept. 25, 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 Class B common stock payable on October 24, 2024 to holders of record at the close of business on October 9, 2024.

Lennar Corporation Declares Quarterly Dividends

Lennar Corporation reported Q3 FY2024 earnings on Thursday. The market was disappointed despite a beat on EPS and revenue estimates. In this update, I discuss reasons for the sell-off in LEN stock and whether the industry outlook has changed, now that the Fed has started to cut rates. I discuss whether the strong performance (LEN shares are up 24% year-to-date) is justified after an already very strong performance in 2023.

Lennar Stock: A Sell After Disappointing Q3 Earnings And A Changing Environment?

There are many strong contenders for the best stock to buy with interest rates falling. One stock especially rises to the top, though.

The Fed Is Cutting Interest Rates: Here's the Best Stock to Buy Right Now

Lennar Corporation (NYSE:LEN ) Q3 2024 Earnings Conference Call September 20, 2024 11:00 AM ET Company Participants David Collins - Vice President & Controller Stuart Miller - Executive Chairman & Co-Chief Executive Officer Jon Jaffe - Co-Chief Executive Officer & President Diane Bessette - Chief Financial Officer Conference Call Participants Alan Ratner - Zelman & Associates Stephen Kim - Evercore ISI Susan Maklari - Goldman Sachs Michael Rehaut - JPMorgan Trevor Allinson - Wolfe Research John Lovallo - UBS Operator Thank you for standing by, and welcome to Lennar's Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Lennar Corporation (LEN) Q3 2024 Earnings Call Transcript

Lennar (LEN) shares dropped Friday despite stronger-than-expected quarterly results as the homebuilder's guidance left investors uninspired.

Lennar Stock Drops as Investors Don't Like the Homebuilder's Latest Outlook

LEN's third-quarter fiscal 2024 results reflect higher deliveries and orders. Yet, lower home prices and gross margins ail the bottom line.

Lennar Q3 Earnings & Revenues Beat, Stock Down on Tepid Q4 View

Lennar stock is lower Friday as worries over gross margin estimates offset a fiscal Q3 beat. Here's what you need to know.

Lennar Stock Remains a Buy Despite Gross Margin Concerns

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.

Lennar (LEN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

FedEx

Economic prints were better than expected today, as well -- all but FedEx's (FDX) Q1 earnings results.

Markets Celebrate Loosening Interest Rate Cycle

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 (LEN) Q3 Earnings and Revenues Beat Estimates

Lennar reported third-quarter earnings and revenue after the market closed Thursday.

This S&P 500 Stock Falls On Earnings Despite Expected Tailwind From Fed Rate Cuts

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 $1.2 billion New orders increased 5% to 20,587 homes Backlog of 16,944 homes with a dollar value of $7.7 billion Deliveries increased 16% to 21,516 homes Total revenues of $9.4 billion Homebuilding operating earnings of $1.5 billion Gross margin on home sales of 22.5% S,G&A expenses as a % of revenues from home sales of 6.7% Net margin on home sales of 15.8% Financial Services operating earnings of $144 million Multifamily operating earnings of $79 million Lennar Other operating earnings of $20 million Homebuilding cash and cash equivalents of $4.0 billion Years supply of owned homesites of 1.1 years and controlled homesites of 81% No outstanding borrowings under the Company's $2.2 billion revolving credit facility Homebuilding debt to total capital of 7.6% Repurchased 3.4 million shares of Lennar common stock for $519 million MIAMI , Sept. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its third quarter ended August 31, 2024.

Lennar Reports Third Quarter 2024 Results

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.

Homebuilder Stocks Rise as Fed Rate Cut Looks Good For Mortgages

Lennar Corporation LEN will release earnings results for its third quarter, after the closing bell on Thursday, Sept. 19.

Lennar Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

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.

News for Lennar Stock (LEN)