LEN Q2 2021 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q2 2021 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$6.4B+22.5% YoY

Gross Profit

$1.7B26.7% margin

Operating Income

$1.2B18.0% margin

Net Income

$831M12.9% margin

EPS (Diluted)

$2.65

QoQ Revenue Growth

+20.9%

Cash Flow

Operating Cash Flow

$333M

Free Cash Flow

$317M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$31.2B

Total Liabilities

$11.5B

Stockholders' Equity

$19.6B

Cash & Equivalents

$2.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.4B	$5.3B	+22.5%
Gross Profit	$1.7B	$1.1B	+49.9%
Operating Income	$1.2B	$655M	+76.7%
Net Income	$831M	$517M	+60.7%

Revenue Segments

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

$6.0B94%

Lennar Financial Services

$219M3%

Lennar Multifamily

$177M3%

Geographic Segments

Homebuilding West

$2.6B42%

Homebuilding East

$1.6B26%

Homebuilding Central

$1.1B18%

Homebuilding Texas

$799M13%

Homebuilding Other Regions

$10M0%