LENLennar Corporation

$26B

Q4 2024 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$10.0B-9.2% YoY

Gross Profit

$2.3B23.0% margin

Operating Income

$1.4B14.3% margin

Net Income

$1.1B10.9% margin

EPS (Diluted)

$4.06

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$975M

Free Cash Flow

$933M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$41.3B

Total Liabilities

$13.3B

Stockholders' Equity

$27.9B

Cash & Equivalents

$5.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.0B	$11.0B	-9.2%
Gross Profit	$2.3B	$2.8B	-17.6%
Operating Income	$1.4B	$2.0B	-26.6%
Net Income	$1.1B	$1.4B	-19.5%

Revenue Segments

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

$9.5B96%

Lennar Financial Services

$305M3%

Lennar Multifamily

$102M1%

Lennar - Other

$26M0%

Geographic Segments

Homebuilding West

$3.7B39%

Homebuilding Central

$2.4B25%

Homebuilding East

$2.2B23%

Homebuilding Texas

$1.2B13%

Homebuilding Other Regions

$8M0%

LEN Q4 2024 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena