Lennar Corporation (LEN)
Net profit margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,938,510 | 4,614,120 | 4,430,110 | 2,465,040 | 1,849,050 |
| Revenue | US$ in thousands | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 | 22,259,600 |
| Net profit margin | 11.50% | 13.70% | 16.33% | 10.96% | 8.31% |
November 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,938,510K ÷ $34,233,400K
= 11.50%
The net profit margin of Lennar Corp. has displayed variability over the past five years. In 2023, the net profit margin decreased to 11.36% from 13.55% in 2022. This decline suggests a decrease in the company's profitability relative to its revenue in 2023. Looking back, the net profit margin was at its highest in 2021 at 16.13%, indicating the company's strong ability to convert revenue into profit that year. In the preceding years, the net profit margin fluctuated, with a notable increase from 8.23% in 2019 to 10.83% in 2020, reflecting improved profitability. This trend highlights the importance of monitoring Lennar Corp.'s net profit margin as it can provide insights into the company's operational efficiency and cost management strategies.
Peer comparison
Nov 30, 2023