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LSEA (Landsea Homes) Gross Profit : $233 Mil (TTM As of Sep. 2024)


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What is Landsea Homes Gross Profit?

Landsea Homes's gross profit for the three months ended in Sep. 2024 was $59 Mil. Landsea Homes's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $233 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Landsea Homes's gross profit for the three months ended in Sep. 2024 was $59 Mil. Landsea Homes's Revenue for the three months ended in Sep. 2024 was $338 Mil. Therefore, Landsea Homes's Gross Margin % for the quarter that ended in Sep. 2024 was 17.38%.

Landsea Homes had a gross margin of 17.38% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

During the past 5 years, the highest Gross Margin % of Landsea Homes was 19.84%. The lowest was 12.91%. And the median was 17.77%.


Landsea Homes Gross Profit Historical Data

The historical data trend for Landsea Homes'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.

Landsea Homes Gross Profit Chart

Landsea Homes Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
99.46 94.87 182.60 286.92 214.97

Landsea Homes Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial 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 54.29 66.05 43.46 64.18 58.82

Competitive Comparison of Landsea Homes's Gross Profit

For the Real Estate - Development subindustry, Landsea Homes'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.


Landsea Homes's Gross Profit Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Landsea Homes's Gross Profit distribution charts can be found below:

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



Landsea Homes Gross Profit Calculation

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

Landsea Homes's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=1209.947 - 994.973
=215

Landsea Homes's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=338.472 - 279.655
=59

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $233 Mil.

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

Landsea Homes's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=59 / 338.472
=17.38 %

* 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.


Landsea Homes  (NAS:LSEA) 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

Landsea Homes had a gross margin of 17.38% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage


Landsea Homes Gross Profit Related Terms

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Landsea Homes Business Description

Traded in Other Exchanges
Address
1717 McKinney Avenue, Suite 1000, dallas, TX, USA, 75202
Landsea Homes Corp is a homebuilding company. It designs and builds homes and sustainable master-planned communities in some of the nation's desirable markets. The company's segments include Arizona, California, Florida, Metro New York, and Texas. It derives a majority of revenue from home sales in Florida.
Executives
Thomas Hartfield director 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660
Elias Farhat director C/O LF CAPITAL ACQUISITION CORP, 600 MADISON AVE, NEW YORK NY 10022
Landsea Holdings Corp 10 percent owner 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660
Ming Tian director, 10 percent owner 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660
Bruce D Frank director 405 PARK AVENUE, NEW YORK NY 10022
Mollie Fadule director 14273 209TH AVENUE NE, WOODINVILLE WA 98077
Michael Forsum officer: President and COO 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660
John Ho director, officer: Chief Executive Officer 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660
Green Investment Alpha Ltd 10 percent owner 595 BURRARD STREET, STE 1000, VANCOUVER A1 V7X1S8
Christopher T Porter officer: Chief Financial Officer CRESCENT REAL ESTATE EQUAITIES LTD, 777 MAIN STREET, FORT WORTH TX 76102
Robert S Miller director 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660
Dilliana Stewart officer: Chief Accounting Officer C/O LANDSEA HOMES, 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660
Xuefeng Bao other: see explanatory note 1007-102 10 F/K WAH CENTRE, 191 JAVA ROAD, NORTH POINT K3 HONG KONG
Qin Zhou director 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660
Scott A. Reed director, officer: Chief Financial Officer 901 E. CARY STREET, ONE JAMES CENTER, SUITE 1700, RICHMOND VA 23219