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.

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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.

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With homebuilder sentiment improving, and builders ramping up the construction of single-family homes, PulteGroup (PHM), Lennar (LEN) and Toll Brothers (TOL) are poised to gain in the near term.

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Stocks like Beazer Homes USA, Inc. (BZH), Tri Pointe Homes, Inc. (TPH), D.R. Horton, Inc. (DHI) and Lennar Corporation (LEN) are likely to gain from the rebounding homebuilding industry.

4 Stocks to Buy as Housing Market Shows Signs of Recovery

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Revival in Homebuilders' Market: A Boon for ETFs and Stocks?

Does Lennar (LEN) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Lennar (LEN) is a Great Momentum Stock to Buy

KB Home

Shares of home builders were broadly higher Tuesday, with a number of them trading in record territory, after data showing a strong and surprising increase in the construction of new homes. The iShares U.S. Home Construction exchange-traded fund ITB, +0.77% climbed 0.8% toward a 17-month high in midday trading, with 36 of 48 equity components gaining ground.

Home construction stocks rally, with several at record highs in wake of surprisingly strong housing starts data

Lennar (LEN) is poised to ride on pent-up demand and digital marketing initiatives.

Lennar (LEN) to Gain From Improving Demand Amid Supply Shortage

The headlines this year didn't suggest strength in homebuilders. Unless you looked at charts.

Lennar Stock Shows Why Charts Are Useful

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Cavco Industries

Cavco Industries NASDAQ: CVCO investors have seen their holdings trend in a wide channel, from $270 up to roughly $310, virtually since the beginning of 2023. This could be a sign of imminent decisions, as market participants en masse await further clarification about the direction the stock may take, which ultimately boils down to the underlying principle of the industry and the economy.

Cavco's Ratings Upside, Cheaper Homes Alternative?

Lennar Corporation (NYSE:LEN ) Q2 2023 Earnings Conference Call June 15, 2023 11:00 AM ET Company Participants David Collins - Controller and VP Stuart Miller - Executive Chairman Rick Beckwitt - Co-CEO and Co-President Jon Jaffe - Co-CEO and Co-President Diane Bessette - CFO Bruce Gross - CEO, Lennar Financial Services Conference Call Participants Kenneth Zener - Seaport Research Partners Susan Maklari - Goldman Sachs Stephen Kim - Evercore ISI Truman Patterson - Wolfe Research Alan Ratner - Zelman & Associates Mike Rehaut - JPMorgan Operator Welcome to Lennar's Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Lennar Corporation (LEN) Q2 2023 Earnings Call Transcript

Investors looking for stocks in the Building Products - Home Builders sector might want to consider either Lennar (LEN) or NVR (NVR). But which of these two stocks presents investors with the better value opportunity right now?

LEN vs. NVR: Which Stock Is the Better Value Option?

Pre-markets are trading in red following Fed???s June FOMC meeting decision.

Initial Claims Flat, Retail Sales Steady, ECB Rate Hike

Initial Claims Come in Unchanged From Last Week.

Initial Claims Come in Unchanged From Last Week

Lennar's (LEN) fiscal second quarter aids from higher deliveries. Yet, lower pricing ails.

Lennar (LEN) Q2 Earnings & Revenues Top, View Up, Stock Rises

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Lennar Corp. shares LEN were rising 4% in morning trading after the homebuilder reported results that topped Wall Street expectations and hiked its delivery forecast for the year.

Lennar's stock rises after builder boosts guidance, TrueCar shares soar on layoff plan, and other stocks on the move

Analysts expected quarterly profits for Miami-based Lennar to fall around 50% with revenue also decreasing even as home demand has climbed.

Lennar Stock Jumps On Earnings As Homebuyers Accept 'New Normal' For Interest Rates

The homebuilders, Lennar included NYSE: LEN, have been defying the odds for the last year and more. They've produced robust performance relative to the analysts' expectations, which has increased their share prices.

Break-Out Watch: Can Lennar Raise The Roof In 2023?

Lennar (NYSE:LEN) has reported second-quarter revenue and earnings that beat expectations as the homebuilder benefited from a market where demand is outstripping supply. The Miami-based company noted that while its average sales price per home delivered was $449,000 in the second quarter, compared to almost $500,000 at the peak last year, home deliveries reached 17,074, up 3% and new orders were 17,885, up 1%, year over year.

Lennar posts 2Q earnings beat as demand for affordable housing outstrips supply

Shares of Lennar Corp (NYSE: LEN) gained 2.0% in extended hours after the homebuilder reported better-than-expected results for its fiscal second quarter. Lennar stock up on strong guidance The stock is being rewarded for the raised guidance as well.

Lennar reports a strong second quarter as ‘demand has accelerated'

Although the revenue and EPS for Lennar (LEN) give a sense of how its business performed in the quarter ended May 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Lennar (LEN) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Lennar (LEN) came out with quarterly earnings of $2.94 per share, beating the Zacks Consensus Estimate of $2.32 per share. This compares to earnings of $4.69 per share a year ago.

Lennar (LEN) Q2 Earnings and Revenues Surpass Estimates

Shares climbed after the home builder's earnings beat. The quarter covered the bulk of the typically hot spring season.

What Lennar's Results Say About the Housing Market

Lennar Corp. LEN shares rose in the extended session Wednesday after the homebuilder's quarterly results and raised forecast topped Wall Street estimates. Lennar shares rose 3% after hours, following a 1.1% decline in the regular session to close at $114.75.

Lennar stock rises after results top Street view, outlook hiked

Second Quarter 2023 Highlights  Net earnings per diluted share of $3.01 $2.94, excluding mark-to-market gains on technology investments Net earnings of $872 million $852 million, excluding mark-to-market gains on technology investments Deliveries of 17,074 homes New orders of 17,885 homes with a dollar value of $8.2 billion Backlog of 20,214 homes with a dollar value of $9.5 billion Total revenues of $8.0 billion Homebuilding operating earnings of $1.2 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 $112 million Multifamily operating loss of $8 million Lennar Other operating loss of $18 million Homebuilding cash and cash equivalents of $4.0 billion Years supply of owned homesites of 1.7 years and controlled homesites of 70% No outstanding borrowings under the Company's $2.6 billion revolving credit facility Homebuilding debt to total capital of 13.3% Repurchased $158 million aggregate principal of Senior Notes due in fiscal year 2024 Repurchased 2 million shares of Lennar common stock for $208 million MIAMI , June 14, 2023 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, today reported results for its second quarter ended May 31, 2023. Second quarter net earnings attributable to Lennar in 2023 were $872 million, or $3.01 per diluted share, compared to second quarter net earnings attributable to Lennar in 2022 of $1.3 billion, or $4.49 per diluted share.

News for Lennar Stock (LEN)