LENLennar Corporation

$26B

Q3 2023 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$8.7B-2.1% YoY

Gross Profit

$2.2B25.1% margin

Operating Income

$1.5B16.9% margin

Net Income

$1.1B12.7% margin

EPS (Diluted)

$3.87

QoQ Revenue Growth

+8.6%

Cash Flow

Operating Cash Flow

$952M

Free Cash Flow

$930M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$37.4B

Total Liabilities

$11.6B

Stockholders' Equity

$25.7B

Cash & Equivalents

$4.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.7B	$8.9B	-2.1%
Gross Profit	$2.2B	$2.5B	-13.9%
Operating Income	$1.5B	$1.9B	-23.4%
Net Income	$1.1B	$1.5B	-24.4%

Revenue Segments

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

$8.3B95%

Lennar Financial Services

$266M3%

Lennar Multifamily

$140M2%

Lennar - Other

$7M0%

Geographic Segments

Homebuilding West

$3.1B37%

Homebuilding East

$2.4B29%

Homebuilding Central

$1.6B19%

Homebuilding Texas

$1.2B14%

Homebuilding Other Regions

$10M0%

LEN Q3 2023 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena