LEN Q4 2022 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q4 2022 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$10.2B+21.3% YoY

Gross Profit

$2.6B25.0% margin

Operating Income

$1.9B18.5% margin

Net Income

$1.3B12.9% margin

EPS (Diluted)

$4.55

QoQ Revenue Growth

+14.7%

Cash Flow

Operating Cash Flow

$2.7B

Free Cash Flow

$2.7B

Stock-Based Comp.

$29M

Balance Sheet

Total Assets

$38.0B

Total Liabilities

$13.7B

Stockholders' Equity

$24.1B

Cash & Equivalents

$4.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.2B	$8.4B	+21.3%
Gross Profit	$2.6B	$2.4B	+8.9%
Operating Income	$1.9B	$1.8B	+8.1%
Net Income	$1.3B	$1.2B	+11.1%

Revenue Segments

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

$9.7B96%

Lennar Financial Services

$231M2%

Lennar Multifamily

$179M2%

Lennar - Other

$19M0%

Geographic Segments

Homebuilding West

$3.8B39%

Homebuilding East

$2.8B29%

Homebuilding Central

$1.9B19%

Homebuilding Texas

$1.2B12%

Homebuilding Other Regions

$8M0%