LEN Q1 2021 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q1 2021 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$5.3B+18.3% YoY

Gross Profit

$1.4B26.1% margin

Operating Income

$857M16.1% margin

Net Income

$1.0B18.8% margin

EPS (Diluted)

$3.20

QoQ Revenue Growth

-21.9%

Cash Flow

Operating Cash Flow

$386M

Free Cash Flow

$376M

Stock-Based Comp.

$49M

Balance Sheet

Total Assets

$30.6B

Total Liabilities

$11.5B

Stockholders' Equity

$18.9B

Cash & Equivalents

$2.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.3B	$4.5B	+18.3%
Gross Profit	$1.4B	$897M	+54.9%
Operating Income	$857M	$431M	+98.6%
Net Income	$1.0B	$398M	+151.3%

Revenue Segments

Lennar Homebuilding East, Central, West, Houston, and Other

$4.9B93%

Lennar Financial Services

$244M5%

Lennar Multifamily

$131M2%

Geographic Segments

Homebuilding West

$2.0B41%

Homebuilding East

$1.4B27%

Homebuilding Central

$928M19%

Homebuilding Texas

$644M13%

Homebuilding Other Regions

$5M0%