LEN Q1 2022 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q1 2022 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$6.2B+16.4% YoY

Gross Profit

$1.6B26.4% margin

Operating Income

$1.1B17.5% margin

Net Income

$504M8.1% margin

EPS (Diluted)

$1.69

QoQ Revenue Growth

-26.4%

Cash Flow

Operating Cash Flow

-$72M

Free Cash Flow

-$78M

Stock-Based Comp.

$81M

Balance Sheet

Total Assets

$32.6B

Total Liabilities

$11.8B

Stockholders' Equity

$20.7B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.2B	$5.3B	+16.4%
Gross Profit	$1.6B	$1.4B	+17.9%
Operating Income	$1.1B	$857M	+26.5%
Net Income	$504M	$1.0B	-49.7%

Revenue Segments

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

$5.8B93%

Lennar Multifamily

$267M4%

Lennar Financial Services

$177M3%

Lennar - Other

$7M0%

Geographic Segments

Homebuilding West

$2.2B37%

Homebuilding East

$1.7B29%

Homebuilding Central

$1.1B19%

Homebuilding Texas

$813M14%

Homebuilding Other Regions

$9M0%