Lennar Corporation (LEN)
Operating profit margin
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 34,720,000 | 35,565,100 | 34,979,720 | 34,323,740 | 27,327,808 | 15,729,042 | 15,931,042 | 7,924,978 | 8,727,074 | 30,893,040 | 24,114,220 | 25,526,734 | 26,173,660 | 5,836,560 | 4,863,734 | 4,421,662 | 3,482,201 | 3,203,830 | 3,011,854 | 2,887,338 |
| Revenue (ttm) | US$ in thousands | 35,441,450 | 36,462,760 | 35,776,320 | 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 |
| Operating profit margin | 97.96% | 97.54% | 97.77% | 97.91% | 79.83% | 67.61% | 67.88% | 33.32% | 37.14% | 96.75% | 80.55% | 91.14% | 96.47% | 22.87% | 19.89% | 18.97% | 15.48% | 14.15% | 13.31% | 12.61% |
November 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $34,720,000K ÷ $35,441,450K
= 97.96%
Starting from February 29, 2020, Lennar Corporation's operating profit margin experienced fluctuations over the following years. The margin increased from 12.61% in February 2020 to 13.31% in May 2020 and further improved to 14.15% in August 2020. Subsequently, the margin saw a significant upward trend, reaching 15.48% by November 2020. The positive trend continued, with the margin rising to 18.97% in February 2021 and reaching 19.89% in May 2021.
Lennar's operating profit margin continued to strengthen, reaching 22.87% by August 2021, showing a substantial improvement from the previous periods. In November 2021, the margin experienced a sharp increase to 96.47%, which was considerably higher compared to previous periods. However, in the following quarters, the operating profit margin showed some volatility. For instance, in February and May 2022, the margin decreased to 91.14% and 80.55%, respectively, before bouncing back to 96.75% in August 2022.
The margin decreased in the subsequent quarters, with the November 2022 margin at 37.14%. However, Lennar managed to improve its operating profit margin in the following periods, reaching 97.91% in February 2024 and maintaining high levels above 97% until August 31, 2024. The operating profit margin came down slightly to 97.54% by the end of August 2024, before rising again to 97.96% by November 30, 2024.
Overall, Lennar Corporation's operating profit margin demonstrated both growth and volatility over the analyzed period, showcasing the company's ability to optimize its operational efficiency and generate profit.
Peer comparison
Nov 30, 2024