LEN Q2 2022 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q2 2022 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$8.4B+29.8% YoY

Gross Profit

$2.5B29.5% margin

Operating Income

$1.9B22.2% margin

Net Income

$1.3B15.8% margin

EPS (Diluted)

$4.49

QoQ Revenue Growth

+34.7%

Cash Flow

Operating Cash Flow

$125M

Free Cash Flow

$120M

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$34.3B

Total Liabilities

$12.5B

Stockholders' Equity

$21.6B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.4B	$6.4B	+29.8%
Gross Profit	$2.5B	$1.7B	+43.5%
Operating Income	$1.9B	$1.2B	+60.5%
Net Income	$1.3B	$831M	+58.9%

Revenue Segments

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

$8.0B95%

Lennar Financial Services

$200M2%

Lennar Multifamily

$176M2%

Lennar - Other

$8M0%

Geographic Segments

Homebuilding West

$3.4B42%

Homebuilding East

$2.2B28%

Homebuilding Central

$1.3B16%

Homebuilding Texas

$1.1B14%

Homebuilding Other Regions

$14M0%