Lennar Corporation (LEN)
Operating profit margin
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 33,546,300 | -562,592 | 26,173,700 | 3,482,210 | 2,775,410 |
| Revenue | US$ in thousands | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 | 22,259,600 |
| Operating profit margin | 97.99% | -1.67% | 96.47% | 15.48% | 12.47% |
November 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $33,546,300K ÷ $34,233,400K
= 97.99%
The operating profit margin of Lennar Corp. has demonstrated a positive trend over the past five years, increasing from 10.96% in 2019 to 15.68% in 2023. This indicates an improvement in the company's ability to generate profits from its core operations. The 2023 margin of 15.68% reflects a slight decrease from the previous year, possibly signaling challenges in managing operating expenses or a change in the revenue mix. Overall, Lennar Corp. has shown a consistent ability to maintain healthy operating profit margins, demonstrating the company's efficiency in controlling costs and generating profits from its operations.
Peer comparison
Nov 30, 2023