LEN Q3 2022 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q3 2022 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$8.9B+28.5% YoY

Gross Profit

$2.5B28.5% margin

Operating Income

$1.9B21.6% margin

Net Income

$1.5B16.5% margin

EPS (Diluted)

$5.03

QoQ Revenue Growth

+6.6%

Cash Flow

Operating Cash Flow

$499M

Free Cash Flow

$482M

Stock-Based Comp.

$38M

Balance Sheet

Total Assets

$35.3B

Total Liabilities

$12.2B

Stockholders' Equity

$23.0B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.9B	$6.9B	+28.5%
Gross Profit	$2.5B	$1.9B	+34.8%
Operating Income	$1.9B	$1.3B	+45.5%
Net Income	$1.5B	$1.4B	+4.3%

Revenue Segments

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

$8.5B95%

Lennar Multifamily

$243M3%

Lennar Financial Services

$202M2%

Lennar - Other

$10M0%

Geographic Segments

Homebuilding West

$3.2B38%

Homebuilding East

$2.5B30%

Homebuilding Central

$1.6B19%

Homebuilding Texas

$1.1B13%

Homebuilding Other Regions

$9M0%