Lennar Corporation (LEN)
Gross profit margin
| 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 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 4,236,159 | 4,124,539 | 4,096,809 |
| Revenue (ttm) | US$ in thousands | 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 | 22,259,560 | 21,747,240 | 21,562,750 |
| Gross profit margin | 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% | 19.03% | 18.97% | 19.00% |
February 29, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $34,698,450K ÷ $35,055,880K
= 98.98%
The gross profit margin of Lennar Corporation has displayed significant fluctuations over the past two years. In the most recent quarter, as of February 29, 2024, the gross profit margin stood at an impressive 98.98%, indicating that the company is able to generate considerable profits from its core operations after accounting for direct costs. This represents a notable improvement from the low of 19.04% recorded in May 31, 2020.
The trend in gross profit margin reveals periods of volatility, with the margin ranging from as low as 19.04% to as high as 98.98% over the past two years. These fluctuations may be attributed to various factors such as changes in revenue, cost of goods sold, and operational efficiencies. Notably, the margin has shown a general upward trajectory since May 31, 2020, suggesting improvements in the company's profitability.
It is essential for investors and stakeholders to closely monitor Lennar Corporation's gross profit margin trends to assess the overall health and profitability of the business. Fluctuations in the gross profit margin can indicate changes in the company's pricing strategy, production costs, or competitive position in the market.
Peer comparison
Feb 29, 2024