Lennar Historical Income Statement

LEN Stock

USD 169.17 1.10 0.65%

Historical analysis of Lennar income statement accounts such as Other Operating Expenses of 819.8 M can show how well Lennar performed in making a profits. Evaluating Lennar income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Lennar's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Lennar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Lennar is a good buy for the upcoming year.

Net Income Gross Profit

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lennar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Lennar Stock, please use our How to Invest in Lennar guide.

About Lennar Income Statement Analysis

Lennar Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Lennar shareholders. The income statement also shows Lennar investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Lennar Income Statement Chart

At this time, Lennar's Income Before Tax is very stable compared to the past year. As of the 25th of November 2024, Net Income is likely to grow to about 4.8 B, while Other Operating Expenses is likely to drop about 819.8 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income Net Income Extraordinary Items

Total Revenue

Total revenue comprises all receipts Lennar generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Lennar minus its cost of goods sold. It is profit before Lennar operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Lennar. It is also known as Lennar overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Lennar operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Lennar is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Lennar financial statement analysis. It represents the amount of money remaining after all of Lennar operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from Lennar's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Lennar current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lennar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Lennar Stock, please use our How to Invest in Lennar guide.At this time, Lennar's Income Before Tax is very stable compared to the past year. As of the 25th of November 2024, Net Income is likely to grow to about 4.8 B, while Other Operating Expenses is likely to drop about 819.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	7.2B	34.0B	39.1B	41.0B
Total Revenue	33.7B	34.2B	39.4B	41.3B

Gross Profit Total Revenue

Lennar income statement Correlations

	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Cost Of Revenue	Selling General Administrative	Minority Interest	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Operating Income Net Other	Tax Provision	Net Interest Income	Reconciled Depreciation	Non Recurring	Extraordinary Items
Interest Expense		0.59	0.34	0.32	0.73	0.67	0.67	0.61	0.68	-0.65	0.69	0.61	0.38	0.34	-0.29	-0.5	0.21	0.63	-0.68	0.71	-0.56	0.35	-0.21	0.21
Total Revenue	0.59		0.81	0.16	0.97	0.96	0.96	0.34	0.96	-0.42	0.96	0.94	0.96	0.17	-0.04	-0.55	0.52	0.87	-0.69	0.85	-0.91	0.88	-0.6	0.6
Gross Profit	0.34	0.81		-0.45	0.77	0.78	0.77	-0.17	0.74	-0.51	0.74	0.73	0.77	-0.44	-0.19	-0.37	0.37	0.52	-0.78	0.63	-0.6	0.81	-0.79	0.79
Other Operating Expenses	0.32	0.16	-0.45		0.16	0.15	0.16	0.77	0.21	0.23	0.21	0.21	0.18	1.0	0.32	-0.21	0.2	0.45	0.28	0.21	-0.36	-0.01	0.41	-0.41
Operating Income	0.73	0.97	0.77	0.16		0.99	0.99	0.46	0.99	-0.49	0.99	0.96	0.86	0.18	-0.23	-0.59	0.44	0.87	-0.72	0.92	-0.9	0.8	-0.57	0.56
Ebit	0.67	0.96	0.78	0.15	0.99		1.0	0.46	1.0	-0.41	0.99	0.96	0.87	0.17	-0.23	-0.59	0.45	0.87	-0.66	0.92	-0.9	0.81	-0.57	0.57
Ebitda	0.67	0.96	0.77	0.16	0.99	1.0		0.47	1.0	-0.4	0.99	0.97	0.87	0.18	-0.22	-0.59	0.45	0.88	-0.66	0.92	-0.91	0.81	-0.57	0.56
Total Operating Expenses	0.61	0.34	-0.17	0.77	0.46	0.46	0.47		0.49	-0.04	0.51	0.43	0.23	0.8	-0.26	-0.32	0.1	0.55	-0.03	0.54	-0.59	0.15	0.2	-0.2
Income Before Tax	0.68	0.96	0.74	0.21	0.99	1.0	1.0	0.49		-0.37	1.0	0.97	0.87	0.22	-0.18	-0.57	0.45	0.9	-0.63	0.93	-0.91	0.81	-0.54	0.53
Total Other Income Expense Net	-0.65	-0.42	-0.51	0.23	-0.49	-0.41	-0.4	-0.04	-0.37		-0.37	-0.33	-0.3	0.21	0.39	0.4	-0.11	-0.22	0.91	-0.34	0.3	-0.33	0.38	-0.39
Net Income	0.69	0.96	0.74	0.21	0.99	0.99	0.99	0.51	1.0	-0.37		0.94	0.86	0.22	-0.2	-0.59	0.45	0.89	-0.63	0.93	-0.92	0.81	-0.54	0.53
Income Tax Expense	0.61	0.94	0.73	0.21	0.96	0.96	0.97	0.43	0.97	-0.33	0.94		0.86	0.22	-0.13	-0.5	0.42	0.88	-0.59	0.88	-0.86	0.77	-0.53	0.52
Depreciation And Amortization	0.38	0.96	0.77	0.18	0.86	0.87	0.87	0.23	0.87	-0.3	0.86	0.86		0.17	0.11	-0.52	0.6	0.81	-0.57	0.71	-0.86	0.89	-0.59	0.58
Cost Of Revenue	0.34	0.17	-0.44	1.0	0.18	0.17	0.18	0.8	0.22	0.21	0.22	0.22	0.17		0.25	-0.22	0.18	0.45	0.26	0.23	-0.37	-0.01	0.41	-0.41
Selling General Administrative	-0.29	-0.04	-0.19	0.32	-0.23	-0.23	-0.22	-0.26	-0.18	0.39	-0.2	-0.13	0.11	0.25		0.22	0.3	0.07	0.29	-0.26	0.12	0.04	0.17	-0.15
Minority Interest	-0.5	-0.55	-0.37	-0.21	-0.59	-0.59	-0.59	-0.32	-0.57	0.4	-0.59	-0.5	-0.52	-0.22	0.22		-0.61	-0.57	0.43	-0.55	0.49	-0.33	0.22	-0.23
Selling And Marketing Expenses	0.21	0.52	0.37	0.2	0.44	0.45	0.45	0.1	0.45	-0.11	0.45	0.42	0.6	0.18	0.3	-0.61		0.47	-0.24	0.29	-0.35	0.37	-0.33	0.3
Net Income From Continuing Ops	0.63	0.87	0.52	0.45	0.87	0.87	0.88	0.55	0.9	-0.22	0.89	0.88	0.81	0.45	0.07	-0.57	0.47		-0.47	0.92	-0.86	0.78	-0.19	0.37
Non Operating Income Net Other	-0.68	-0.69	-0.78	0.28	-0.72	-0.66	-0.66	-0.03	-0.63	0.91	-0.63	-0.59	-0.57	0.26	0.29	0.43	-0.24	-0.47		-0.59	0.52	-0.63	0.53	-0.55
Tax Provision	0.71	0.85	0.63	0.21	0.92	0.92	0.92	0.54	0.93	-0.34	0.93	0.88	0.71	0.23	-0.26	-0.55	0.29	0.92	-0.59		-0.85	0.77	-0.3	0.47
Net Interest Income	-0.56	-0.91	-0.6	-0.36	-0.9	-0.9	-0.91	-0.59	-0.91	0.3	-0.92	-0.86	-0.86	-0.37	0.12	0.49	-0.35	-0.86	0.52	-0.85		-0.83	0.36	-0.35
Reconciled Depreciation	0.35	0.88	0.81	-0.01	0.8	0.81	0.81	0.15	0.81	-0.33	0.81	0.77	0.89	-0.01	0.04	-0.33	0.37	0.78	-0.63	0.77	-0.83		-0.49	0.67
Non Recurring	-0.21	-0.6	-0.79	0.41	-0.57	-0.57	-0.57	0.2	-0.54	0.38	-0.54	-0.53	-0.59	0.41	0.17	0.22	-0.33	-0.19	0.53	-0.3	0.36	-0.49		-0.8
Extraordinary Items	0.21	0.6	0.79	-0.41	0.56	0.57	0.56	-0.2	0.53	-0.39	0.53	0.52	0.58	-0.41	-0.15	-0.23	0.3	0.37	-0.55	0.47	-0.35	0.67	-0.8

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Lennar Account Relationship Matchups

Lennar income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	22.4M	213.9M	1.0B	257.9M	296.6M	311.4M
Total Revenue	22.5B	27.1B	33.7B	34.2B	39.4B	41.3B
Gross Profit	3.5B	5.5B	7.2B	34.0B	39.1B	41.0B
Other Operating Expenses	19.4B	22.0B	26.9B	750.4M	862.9M	819.8M
Operating Income	3.1B	5.1B	6.7B	5.5B	6.4B	6.7B
Ebit	3.1B	5.8B	6.0B	5.5B	6.4B	6.7B
Ebitda	3.2B	5.9B	6.1B	5.5B	6.4B	6.7B
Total Operating Expenses	19.4B	22.1B	26.9B	501.3M	576.5M	547.7M
Income Before Tax	3.1B	5.8B	6.0B	5.2B	6.0B	6.3B
Total Other Income Expense Net	8.1M	680.8M	(706.7M)	(325.4M)	(374.2M)	(355.5M)
Net Income	2.5B	4.4B	4.6B	3.9B	4.5B	4.8B
Income Tax Expense	656.2M	1.4B	1.4B	1.2B	1.4B	1.5B
Depreciation And Amortization	94.6M	86.0M	87.1M	110.2M	126.7M	133.0M
Cost Of Revenue	19.0B	21.6B	26.5B	249.0M	286.4M	272.1M
Selling General Administrative	358.4M	398.4M	414.5M	501.3M	576.5M	463.4M
Net Income Applicable To Common Shares	2.5B	4.4B	4.6B	3.9B	4.5B	4.8B
Minority Interest	2.5M	(26.4M)	(34.4M)	(22.8M)	(20.5M)	(19.5M)
Net Income From Continuing Ops	2.5B	4.5B	4.7B	4.0B	4.6B	2.5B
Non Operating Income Net Other	(37.8M)	(90K)	732.8M	(1.3B)	(1.2B)	(1.1B)
Tax Provision	656.2M	1.4B	1.4B	1.2B	1.4B	854.2M
Reconciled Depreciation	94.6M	86.0M	87.1M	110.3M	126.8M	98.6M

Pair Trading with Lennar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lennar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lennar will appreciate offsetting losses from the drop in the long position's value.

Moving against Lennar Stock

0.64	DOGZ	Dogness International	Pair Corr
0.59	VSTO	Vista Outdoor	Pair Corr
0.58	AS	Amer Sports,	Pair Corr
0.54	GIL	Gildan Activewear	Pair Corr
0.49	RL	Ralph Lauren Corp	Pair Corr

The ability to find closely correlated positions to Lennar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lennar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lennar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lennar to buy it.

The correlation of Lennar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lennar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lennar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Lennar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Lennar offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lennar's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lennar Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lennar Stock:

How To Invest In Lennar

Details

Is Lennar Stock a good investment?

Details

What is Lennar's Net Worth?

Details

Largest Household Durables Companies

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Largest Consumer Durables & Apparel Companies

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To learn how to invest in Lennar Stock, please use our How to Invest in Lennar guide.

You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Is Household Durables space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lennar. If investors know Lennar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lennar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.101

Dividend Share

1.875

Earnings Share

15.06

Revenue Per Share

132.561

Quarterly Revenue Growth

0.079

The market value of Lennar is measured differently than its book value, which is the value of Lennar that is recorded on the company's balance sheet. Investors also form their own opinion of Lennar's value that differs from its market value or its book value, called intrinsic value, which is Lennar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lennar's market value can be influenced by many factors that don't directly affect Lennar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Lennar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lennar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lennar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Lennar Historical Income Statement

About Lennar Income Statement Analysis

Lennar Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Net Income

Lennar income statement Correlations

Lennar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Lennar income statement Accounts

Pair Trading with Lennar

Moving against Lennar Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebit
Income Before Tax	+ 1.0	Ebitda
Net Income	+ 1.0	Income Before Tax
Ebit	+ 0.99	Operating Income

Net Interest Income	- 0.92	Net Income
Net Interest Income	- 0.91	Income Before Tax
Net Interest Income	- 0.91	Ebitda
Net Interest Income	- 0.91	Total Revenue
Net Interest Income	- 0.9	Ebit
Net Interest Income	- 0.9	Operating Income