Lennar (LEN) Revenue — Quarter Ended Nov 30, 2024
Revenue rose sequentially but fell compared to the same quarter last year. The company posted a mixed performance with a sequential gain offsetting an annual decline.
Key takeaway
Quarter ended Nov 30, 2024 · FY2024 Q4
Revenue rose sequentially but fell compared to the same quarter last year. The company posted a mixed performance with a sequential gain offsetting an annual decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.9B
Revenue reported for this quarter.
Quarter-over-quarter
+5.6%
Change from the immediately preceding quarter.
Year-over-year
-9.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Feb 29, 2024 | $7.3B | +12.7% |
| May 31, 2024 | $8.8B | +9.0% |
| Aug 31, 2024 | $9.4B | +7.9% |
| Nov 30, 2024 | $9.9B | -9.3% |
Revenue performance
The reported revenue direction was positive from the prior quarter, yet negative versus the year-ago period. This marks the first quarterly year-over-year contraction after several quarters of growth.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased. However, compared with the same quarter one year earlier, revenue decreased.
What to watch
Whether the year-over-year decline persists in future quarters warrants attention.