LEN Q3 2024 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q3 2024 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$9.4B+7.6% YoY

Gross Profit

$2.0B21.8% margin

Operating Income

$1.3B13.4% margin

Net Income

$1.2B12.4% margin

EPS (Diluted)

$4.26

QoQ Revenue Growth

+7.0%

Cash Flow

Operating Cash Flow

$819M

Free Cash Flow

$801M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$39.7B

Total Liabilities

$12.2B

Stockholders' Equity

$27.4B

Cash & Equivalents

$4.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9.4B	$8.7B	+7.6%
Gross Profit	$2.0B	$2.2B	-6.3%
Operating Income	$1.3B	$1.5B	-14.3%
Net Income	$1.2B	$1.1B	+4.8%

Revenue Segments

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

$9.0B95%

Lennar Financial Services

$273M3%

Lennar Multifamily

$185M2%

Lennar - Other

$17M0%

Geographic Segments

Homebuilding West

$3.5B38%

Homebuilding Central

$2.1B24%

Homebuilding East

$2.1B24%

Homebuilding Texas

$1.3B14%

Homebuilding Other Regions

$6M0%