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Lennar Corporation

LEN

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

11/30/2024

Revenue
35,441
Cost of Revenue
29,942
Gross Profit
5,499
Gross Margin
15.5%
Operating Income
4,850
Operating Margin
13.7%
Net Income
3,933
Net Margin
11.1%
EPS (Basic)
$14.31
EPS (Diluted)
$14.31
EBITDA
4,966
EBITDA Margin
14.0%

2023

11/30/2023

Revenue
34,233
Cost of Revenue
28,292
Gross Profit
5,941
Gross Margin
17.4%
Operating Income
5,440
Operating Margin
15.9%
Net Income
3,939
Net Margin
11.5%
EPS (Basic)
$13.73
EPS (Diluted)
$13.73
EBITDA
5,550
EBITDA Margin
16.2%

2022

11/30/2022

Revenue
33,671
Cost of Revenue
26,469
Gross Profit
7,202
Gross Margin
21.4%
Operating Income
6,788
Operating Margin
20.2%
Net Income
4,614
Net Margin
13.7%
EPS (Basic)
$15.74
EPS (Diluted)
$15.72
EBITDA
6,875
EBITDA Margin
20.4%

2021

11/30/2021

Revenue
27,131
Cost of Revenue
21,594
Gross Profit
5,537
Gross Margin
20.4%
Operating Income
5,138
Operating Margin
18.9%
Net Income
4,430
Net Margin
16.3%
EPS (Basic)
$14.28
EPS (Diluted)
$14.27
EBITDA
5,224
EBITDA Margin
19.3%

2020

11/30/2020

Revenue
22,489
Cost of Revenue
19,015
Gross Profit
3,474
Gross Margin
15.4%
Operating Income
3,141
Operating Margin
14.0%
Net Income
2,465
Net Margin
11.0%
EPS (Basic)
$7.88
EPS (Diluted)
$7.85
EBITDA
3,235
EBITDA Margin
14.4%