Market Cap : 21.58 B | Enterprise Value : 25.82 B | PE Ratio : 5.83 | PB Ratio : 1.06 |
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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%.
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.
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.
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.
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.
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
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.
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 |
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