Lennar Corporation (LEN)
Gross profit margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 33,889,800 | -276,406 | 26,646,200 | 4,748,090 | 4,236,160 |
| Revenue | US$ in thousands | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 | 22,259,600 |
| Gross profit margin | 99.00% | -0.82% | 98.21% | 21.11% | 19.03% |
November 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $33,889,800K ÷ $34,233,400K
= 99.00%
Lennar Corp.'s gross profit margin has shown a fluctuating trend over the past five years. In 2019, the gross profit margin stood at 12.59%, and it has steadily increased over the years to reach 17.35% in 2023. This indicates an improvement in the company's ability to generate profit from its sales after accounting for the cost of goods sold. The increment in gross profit margin reflects the company's effective cost management and potentially higher pricing power. However, it is important to closely monitor this metric to ensure sustained profitability and competitive positioning in the market.
Peer comparison
Nov 30, 2023