Lennar Corporation (LEN)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 2,775,406 | 3,030,717 | 2,836,937 |
| 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 |
| Operating profit margin | 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% | 12.47% | 13.94% | 13.16% |
February 29, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $34,323,740K ÷ $35,055,880K
= 97.91%
The operating profit margin of Lennar Corporation has shown variability over the past few quarters. The margin was strong at 97.91% in February 2024, indicating that the company was able to generate significant profits from its core operations. This was a notable improvement from the previous quarter where the margin was at 79.83%.
Looking further back, the operating profit margin was also robust in August 2022 at 96.75% and February 2022 at 91.14%. However, there were periods of lower margins, such as in August 2021 when the margin was at 18.97% and in May 2021 at 19.89%.
Overall, the operating profit margin of Lennar Corporation has demonstrated some fluctuations but has generally remained at healthy levels, reflecting the company's ability to efficiently control costs and generate profits from its operations. Monitoring this trend over time can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Feb 29, 2024