Lennar Corporation (LEN)
Gross profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 35,073,900 | 33,889,800 | -276,406 | 26,646,200 | 4,748,090 |
| Revenue | US$ in thousands | 35,441,500 | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 |
| Gross profit margin | 98.96% | 99.00% | -0.82% | 98.21% | 21.11% |
November 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $35,073,900K ÷ $35,441,500K
= 98.96%
Based on the provided data, Lennar Corporation's gross profit margin has experienced significant fluctuations over the past five years.
In November 2020, the gross profit margin was 21.11%, indicating that the company was generating a decent level of profit relative to its sales. However, by November 2022, the gross profit margin had decreased to -0.82%, suggesting that the company was experiencing a loss on its core operations.
The following years showed a remarkable recovery and improvement in the company's performance. By November 2021, the gross profit margin had surged to 98.21%, signifying a substantial increase in profitability. This positive trend continued into November 2023 and 2024, with the gross profit margins reaching 99.00% and 98.96%, respectively.
Overall, the fluctuating trend in Lennar Corporation's gross profit margin highlights the company's ability to adapt to changing market conditions and optimize its operational efficiency to achieve significant profitability in recent years.
Peer comparison
Nov 30, 2024