LEN Q4 2023 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q4 2023 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$11.0B+7.9% YoY

Gross Profit

$2.8B25.4% margin

Operating Income

$2.0B17.7% margin

Net Income

$1.4B12.3% margin

EPS (Diluted)

$4.82

QoQ Revenue Growth

+26.4%

Cash Flow

Operating Cash Flow

$2.6B

Free Cash Flow

$2.5B

Stock-Based Comp.

$21M

Balance Sheet

Total Assets

$39.2B

Total Liabilities

$12.5B

Stockholders' Equity

$26.6B

Cash & Equivalents

$6.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11.0B	$10.2B	+7.9%
Gross Profit	$2.8B	$2.6B	+9.4%
Operating Income	$2.0B	$1.9B	+3.0%
Net Income	$1.4B	$1.3B	+2.9%

Revenue Segments

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

$10.5B96%

Lennar Financial Services

$305M3%

Lennar Multifamily

$131M1%

Lennar - Other

$6M0%

Geographic Segments

Homebuilding West

$4.0B38%

Homebuilding East

$3.0B29%

Homebuilding Central

$2.1B20%

Homebuilding Texas

$1.4B13%

Homebuilding Other Regions

$12M0%