Lennar Corporation (LEN)
Pretax margin
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,149,790 | 5,179,520 | 5,980,190 | 5,792,620 | 3,121,270 |
| Revenue | US$ in thousands | 35,441,500 | 34,233,400 | 33,671,000 | 27,130,700 | 22,488,900 |
| Pretax margin | 14.53% | 15.13% | 17.76% | 21.35% | 13.88% |
November 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $5,149,790K ÷ $35,441,500K
= 14.53%
Based on the data provided, Lennar Corporation's pretax margin has shown fluctuations over the past five years. The pretax margin for November 30, 2020, was 13.88%, reflecting the profitability of the company before accounting for taxes. There was a significant increase in pretax margin to 21.35% by November 30, 2021, indicating improved profitability during that period.
However, in the following years, Lennar's pretax margin experienced some fluctuations. By November 30, 2022, the pretax margin decreased to 17.76%, suggesting a reduction in profitability compared to the previous year. Subsequently, by November 30, 2023, the pretax margin further declined to 15.13%, signaling potential challenges in maintaining profitability.
As of November 30, 2024, Lennar's pretax margin stood at 14.53%, indicating a slight decrease compared to the previous year. Overall, the fluctuation in pretax margin may indicate varying factors impacting Lennar's profitability over the years, highlighting the importance of ongoing financial monitoring and management strategies to sustain and enhance performance.
Peer comparison
Nov 30, 2024