Lennar Corporation
LENShares moved after Lennar's mixed Q2 results—EPS beat but revenue missed—and management warned of persistent mortgage-rate and affordability headwinds.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $34.19B | $35.48B | $34.29B | $33.71B | $27.14B | $22.46B | $22.26B | $20.57B |
| Cost of Revenue | $28.12B | $27.46B | $26.06B | $24.50B | $19.80B | $17.29B | $17.74B | $16.63B |
| Gross Profit | $6.07B | $8.01B | $8.23B | $9.20B | $7.34B | $5.17B | $4.51B | $3.94B |
| Gross Margin | 17.74% | 22.59% | 23.99% | 27.31% | 27.06% | 23.02% | 20.28% | 19.15% |
| Operating Expenses | $3.32B | $3.21B | $2.81B | $2.45B | $2.25B | $2.06B | $2.01B | $1.95B |
| Operating Income | $2.75B | $4.80B | $5.42B | $6.76B | $5.09B | $3.12B | $2.51B | $1.99B |
| Operating Margin | 8.05% | 13.54% | 15.81% | 20.05% | 18.75% | 13.87% | 11.27% | 9.66% |
| Net Income | $2.06B | $3.93B | $3.94B | $4.61B | $4.43B | $2.47B | $1.85B | $1.70B |
| Net Margin | 6.02% | 11.08% | 11.49% | 13.69% | 16.32% | 10.97% | 8.31% | 8.24% |
| EPS (Basic) | $7.98 | $14.31 | $13.73 | $15.74 | $14.28 | $7.88 | $5.76 | $5.46 |
| EBITDA | $2.81B | $5.32B | $5.33B | $6.12B | $5.93B | $3.24B | $2.54B | $2.37B |
| Stock Option Compensation Expense | N/A | $176.68M | $160.72M | $184.09M | $134.62M | $107.13M | $86.94M | $72.66M |
| Price To Earnings Ratio | 16.15 | 12.06 | 9.20 | 5.52 | 7.27 | 9.52 | 10.27 | 7.76 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $33.57B | $47.44B | $36.24B | $25.46B | $32.21B | $23.47B | $18.99B | $13.16B |
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About the company
Lennar Corporation, an influential homebuilder in the United States, operates primarily under its widely recognized Lennar brand, alongside its various subsidiaries. The company structures its diverse business initiatives across several distinct divisions: regional homebuilding segments (East, Central, Texas, and West), a Financial Services arm, a Multifamily property development unit, and a broader "Lennar Other" category. At the heart of its operations, Lennar is deeply involved in the creation and sale of single-family homes, encompassing both attached and detached designs. Its activities also span the acquisition, development, and subsequent sale of land designated for residential use, in addition to the comprehensive development, construction, and ongoing management of rental properties in the multifamily sector. Expanding beyond physical construction, Lennar provides essential services such as residential mortgage financing, title protection, and closing services for its clientele and other interested parties. It also actively originates and divests securitized commercial mortgage loans. Furthermore, the corporation participates in strategic fund investment endeavors. Lennar's extensive customer base primarily caters to first-time purchasers, individuals seeking to upgrade their homes, active adult communities, and the luxury housing market. This enterprise, founded in 1954, is officially based in Miami, Florida.