Lennar Corporation (LEN)
Net profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,932,530 | 3,938,510 | 4,614,120 | 4,430,110 | 2,465,040 |
| Revenue | US$ in thousands | 35,441,500 | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 |
| Net profit margin | 11.10% | 11.50% | 13.70% | 16.33% | 10.96% |
November 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,932,530K ÷ $35,441,500K
= 11.10%
Lennar Corporation's net profit margin has shown fluctuations over the past five years. The margin increased from 10.96% in November 2020 to 16.33% in November 2021, indicating improved profitability. However, in the following years, the net profit margin decreased to 13.70% in November 2022, 11.50% in November 2023, and further to 11.10% in November 2024.
This trend suggests a certain level of volatility in the company's bottom line profitability in recent years. While the net profit margin experienced a notable boost in 2021, the subsequent decline in the following years might indicate various factors impacting the company's profitability, such as changes in revenue, expenses, or overall market conditions.
It is important for stakeholders to closely monitor Lennar Corporation's financial performance and assess the underlying reasons for the fluctuations in net profit margin to make informed decisions regarding their investment in the company.
Peer comparison
Nov 30, 2024