Lennar Corporation
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 27.13B | 33.67B | 34.23B | 35.44B | 34.19B | -3.5% | |
| Cost of Revenue | (21.59B) | (26.47B) | (28.29B) | (29.94B) | (30.80B) | 2.9% | |
Gross Profit | 5.54B | 7.20B | 5.94B | 5.50B | 3.39B | -38.4% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (398.38M) | (414.50M) | (501.34M) | (648.99M) | (636.72M) | -1.9% | |
| General & Administrative | (398.38M) | (414.50M) | (501.34M) | (648.99M) | (636.72M) | -1.9% | |
| Depreciation & Amortization | (85.95M) | (87.08M) | (110.16M) | (115.53M) | (134.31M) | 16.3% | |
Operating Income (EBIT) | 5.14B | 6.79B | 5.44B | 4.85B | 2.75B | -43.3% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (20.14M) | (19.13M) | (15.43M) | (18.77M) | (13.87M) | -26.1% | |
| Other Income/Expenses (Net) | 680.80M | -773.08M | -237.34M | 334.94M | 63.46M | -81.1% | |
Income Before Tax | 5.82B | 6.01B | 5.20B | 5.18B | 2.81B | -45.7% | |
| Income Tax Expense | (1.36B) | (1.37B) | (1.24B) | (1.22B) | (705.56M) | -42.0% | |
Net Income | 4.43B | 4.61B | 3.94B | 3.93B | 2.08B | -47.2% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $14 | $16 | $14 | $14 | $8 | -44.2% | |
| Weighted Avg Shares Outstanding | 306.61M | 289.82M | 283.32M | 272.02M | 257.75M | -5.2% | |
| Weighted Avg Shares Outstanding (Diluted) | 306.61M | 289.82M | 283.32M | 272.02M | 257.75M | -5.2% | |
EBITDA | 5.22B | 6.87B | 5.55B | 4.97B | 2.88B | -41.9% |
Explore LEN
LEN in the Consumer Cyclical
Large Cap