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Lennar Gross Profit

: $5,769 Mil (TTM As of Feb. 2022)
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Lennar's gross profit for the three months ended in Feb. 2022 was $1,207 Mil. Lennar's gross profit for the trailing twelve months (TTM) ended in Feb. 2022 was $5,769 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Lennar's gross profit for the three months ended in Feb. 2022 was $1,207 Mil. Lennar's Revenue for the three months ended in Feb. 2022 was $6,204 Mil. Therefore, Lennar's Gross Margin % for the quarter that ended in Feb. 2022 was 19.45%.

Lennar had a gross margin of 19.45% for the quarter that ended in Feb. 2022 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Lennar was 20.41%. The lowest was 10.81%. And the median was 13.70%.


Lennar Gross Profit Historical Data

The historical data trend for Lennar's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lennar Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,624.88 2,334.19 2,802.30 3,474.11 5,536.64

Lennar Quarterly Data
May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 974.02 1,248.64 1,437.60 1,876.38 1,206.56

Competitive Comparison

For the Residential Construction subindustry, Lennar's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Lennar Gross Profit Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Gross Profit distribution charts can be found below:

* The bar in red indicates where Lennar's Gross Profit falls into.



Lennar Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Lennar's Gross Profit for the fiscal year that ended in Nov. 2021 is calculated as

Gross Profit (A: Nov. 2021 )=Revenue - Cost of Goods Sold
=27130.676 - 21594.037
=5,537

Lennar's Gross Profit for the quarter that ended in Feb. 2022 is calculated as

Gross Profit (Q: Feb. 2022 )=Revenue - Cost of Goods Sold
=6203.516 - 4996.952
=1,207

Gross Profit for the trailing twelve months (TTM) ended in Feb. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,769 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Lennar's Gross Margin % for the quarter that ended in Feb. 2022 is calculated as

Gross Margin % (Q: Feb. 2022 )=Gross Profit (Q: Feb. 2022 ) / Revenue (Q: Feb. 2022 )
=(Revenue - Cost of Goods Sold) / Revenue
=1,207 / 6203.516
=19.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Lennar  (NYSE:LEN) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Lennar had a gross margin of 19.45% for the quarter that ended in Feb. 2022 => No sustainable competitive advantage


Lennar Gross Profit Related Terms

Thank you for viewing the detailed overview of Lennar's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Lennar Business Description

Lennar logo
Industry
Address
700 Northwest 107th Avenue, Miami, FL, USA, 33172
After merging with CalAtlantic in February 2018, Lennar has become the largest public homebuilder (by revenue) in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.
Executives
Bessette Diane J officer: VP/CFO/Treasurer LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Collins David M officer: Controller LENNAR CORPORATION 700 NW 107 AVENUE STE 400 MIAMI FL 33172
Jaffe Jonathan M director, officer: President LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Mccall Jeffrey Joseph officer: Executive Vice President 26 TECHNOLOGY DRIVE IRVINE CA 92618
Stowell Scott D director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STOWELL SCOTT D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Gerard Steven L director P.O. BOX 554 MILWAUKEE WI 53201-0554
Bolotin Irving director LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Sustana Mark officer: VP/General Counsel/Secretary LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Beckwitt Richard director, officer: Chief Executive Officer LENNAR CORPORATION 700 NW 107 AVE 4TH FLR MIAMI FL 33172
Olivera Armando J director C/O FLUOR CORPORATION 6700 LAS COLINAS BLVD IRVING TX 75039
Gilliam Theron I director GMS INC. 100 CRESCENT CENTRE PARKWAY, SUITE 800 TUCKER 2Q 30084
Mcclure Teri P director 55 GLENLAKE PARKWAY NE ATLANTA GA 30328
Sonnenfeld Jeffrey director 14 WALL ST 13TH FL NEW YORK NY 10005
Hudson Sherrill W director 201 SOUTH BISCAYNE BOULEVARD 34TH FLOOR, MIAMI CENTER MIAMI FL 33131
Lapidus Sidney director 466 LEXINGTON AVENUE FLOOR NEW YORK NY 10017

Lennar Headlines

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