LEN Q3 2021 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$25B

Q3 2021 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$6.9B+18.1% YoY

Gross Profit

$1.9B27.2% margin

Operating Income

$1.3B19.1% margin

Net Income

$1.4B20.3% margin

EPS (Diluted)

$4.52

QoQ Revenue Growth

+7.6%

Cash Flow

Operating Cash Flow

$594M

Free Cash Flow

$579M

Stock-Based Comp.

$25M

Balance Sheet

Total Assets

$32.7B

Total Liabilities

$12.0B

Stockholders' Equity

$20.7B

Cash & Equivalents

$2.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.9B	$5.9B	+18.1%
Gross Profit	$1.9B	$1.4B	+33.5%
Operating Income	$1.3B	$884M	+49.5%
Net Income	$1.4B	$666M	+111.1%

Revenue Segments

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

$6.6B95%

Lennar Financial Services

$207M3%

Lennar Multifamily

$174M3%

Geographic Segments

Homebuilding West

$2.8B42%

Homebuilding East

$1.7B26%

Homebuilding Central

$1.3B19%

Homebuilding Texas

$827M13%

Homebuilding Other Regions

$8M0%