Lennar Corporation (LEN)
Gross profit margin
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 35,087,670 | 36,022,570 | 35,386,660 | 34,698,450 | 27,545,198 | 16,254,118 | 16,457,528 | 8,431,921 | 14,520,943 | 23,060,693 | 21,088,283 | 27,533,020 | 26,658,100 | 19,975,170 | 14,391,260 | 9,114,040 | 4,748,088 | 4,559,708 | 4,382,788 | 4,359,068 |
| Revenue (ttm) | US$ in thousands | 35,441,450 | 36,462,760 | 35,776,320 | 35,055,880 | 34,233,380 | 23,265,225 | 23,470,055 | 23,783,605 | 23,496,695 | 31,930,210 | 29,937,180 | 28,008,720 | 27,130,670 | 25,523,000 | 24,451,850 | 23,308,980 | 22,488,850 | 22,634,490 | 22,621,300 | 22,896,820 |
| Gross profit margin | 99.00% | 98.79% | 98.91% | 98.98% | 80.46% | 69.86% | 70.12% | 35.45% | 61.80% | 72.22% | 70.44% | 98.30% | 98.26% | 78.26% | 58.86% | 39.10% | 21.11% | 20.14% | 19.37% | 19.04% |
November 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $35,087,670K ÷ $35,441,450K
= 99.00%
The gross profit margin of Lennar Corporation has shown fluctuations over the years based on the provided data. It increased steadily from February 2020 to November 2021, indicating an improvement in the company's ability to generate profit from its core business activities. The margin experienced a significant spike in early 2021, reaching its peak at 98.30% in February 2022.
However, the gross profit margin declined in the subsequent periods, dropping to around 61.80% by November 2022. This decrease might indicate challenges or changes in the company's cost structure or pricing strategy. There was a recovery in the margin in the following periods, showing some stability at levels above 70%.
Lennar Corporation's gross profit margin has demonstrated a strong trend of resilience and adaptability, with occasional fluctuations that could potentially be influenced by various internal and external factors affecting the company's operations and financial performance. Continued monitoring of the gross profit margin will be important to assess Lennar's profitability and operational efficiency in the future.
Peer comparison
Nov 30, 2024