Lennar Corporation (LEN)
Operating profit margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 34,706,300 | 33,546,300 | -562,592 | 26,173,700 | 3,482,210 |
| Revenue | US$ in thousands | 35,441,500 | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 |
| Operating profit margin | 97.93% | 97.99% | -1.67% | 96.47% | 15.48% |
November 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $34,706,300K ÷ $35,441,500K
= 97.93%
Lennar Corporation's operating profit margin has displayed significant fluctuations over the past five years. In November 2020, the operating profit margin stood at 15.48%, indicating a moderate level of profitability. The following year, in November 2021, there was a dramatic increase to 96.47%, showcasing a substantial improvement in profitability.
However, in November 2022, the operating profit margin turned negative at -1.67%, suggesting a loss-making scenario for the company. This negative trend was swiftly reversed in the subsequent years, with operating profit margins soaring to 97.99% in November 2023 and 97.93% in November 2024, signifying an exceptional profitability level for Lennar Corporation during these periods.
These fluctuations in operating profit margins highlight the dynamic nature of Lennar Corporation's financial performance and underscore the importance of closely monitoring and analyzing such key financial metrics to assess the company's operational efficiency and profitability levels over time.
Peer comparison
Nov 30, 2024