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 highestGross 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
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
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 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
* 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.
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.
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