Lennar Corporation (LEN)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,061,318 | 3,938,518 | 3,899,668 | 4,258,008 | 4,707,074 | 4,614,121 | 4,482,171 | 4,421,721 | 3,932,324 | 4,430,113 | 4,122,383 | 3,381,911 | 3,067,954 | 2,465,036 | 2,256,580 | 2,103,528 | 2,007,594 | 1,849,052 | 1,970,896 | 1,910,741 |
| 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 |
| Net profit margin | 11.59% | 11.50% | 16.76% | 18.14% | 19.79% | 19.64% | 14.04% | 14.77% | 14.04% | 16.33% | 16.15% | 13.83% | 13.16% | 10.96% | 9.97% | 9.30% | 8.77% | 8.31% | 9.06% | 8.86% |
February 29, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $4,061,318K ÷ $35,055,880K
= 11.59%
Lennar Corporation's net profit margin has exhibited fluctuations over the periods indicated. The net profit margin, which represents the percentage of revenue that translates into profits after all expenses are deducted, was relatively stable and healthy in the early months of the analysis, ranging from 13.16% to 19.79%. However, there was a notable decline in the net profit margin in the later periods, with percentages falling below 10%.
The peak net profit margin of 19.79% in February 2023 indicates strong profitability, which may have been driven by efficient cost management or increased revenue. Subsequently, there was a gradual decline in the net profit margin, possibly due to factors such as rising costs or changes in the company's business environment.
Overall, Lennar Corporation's net profit margin trend suggests variability in profitability performance over the analyzed periods. Further investigation into the company's financial and operational strategies may be necessary to understand the factors contributing to these fluctuations and to assess the sustainability of its profitability levels.
Peer comparison
Feb 29, 2024