Revenue
$34.19B
Fiscal year ended 2025-11-30Operating income
Unavailable
Fiscal year ended 2025-11-30Free cash flow
$28.18M
Fiscal year ended 2025-11-30LENNAR CORP /NEW/ (LEN) reported revenue of $34.19B and net income of $2.08B for the fiscal year ended 2025-11-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from LENNAR CORP /NEW/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under General Bldg Contractors - Residential Bldgs.
Income
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.19B | $35.44B | $34.23B | $33.67B | $27.13B | $22.49B | $22.26B | $20.57B | $12.65B | $10.95B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $3.48B | $2.78B | $2.46B | $1.48B | $1.56B |
| Net income | $2.08B | $3.93B | $3.94B | $4.61B | $4.43B | $2.47B | $1.85B | $1.70B | $810.48M | $911.84M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | Unavailable | shares 272.02M | shares 283.32M | shares 289.82M | shares 306.61M | shares 309.41M | shares 318.42M | shares 308.56M | shares 237.16M | shares 235.37M |
| Pretax income | $2.81B | $5.18B | $5.20B | $6.01B | $5.82B | $3.12B | $2.43B | $2.26B | $1.19B | $1.33B |
| Income tax expense | $705.56M | $1.22B | $1.24B | $1.37B | $1.36B | $656.24M | $592.17M | $545.17M | $417.86M | $417.38M |
| Diluted EPS | Unavailable | $14.31 | $13.73 | $15.72 | $14.27 | $7.85 | $5.74 | $5.44 | $3.38 | $3.86 |
| Selling, general & administrative | $2.68B | $2.48B | $2.23B | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $636.72M | $648.99M | $501.34M | Unavailable | $398.38M | $333.45M | $321.19M | $343.93M | $285.89M | $232.56M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.76B | $4.91B | Unavailable | Unavailable | Unavailable | $2.86B | $1.45B | $1.56B | $2.65B | $1.33B |
| Total assets | $34.43B | $41.31B | $39.23B | $37.98B | $33.21B | $29.94B | $29.36B | $28.57B | $18.75B | $15.36B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $12.29B | $13.29B | $12.53B | $13.74B | $12.21B | $11.84B | $13.33B | $13.88B | $10.76B | $8.15B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $22.14B | $28.02B | $26.70B | $24.24B | $21.00B | $18.10B | $16.03B | $14.68B | $7.99B | $7.21B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $1.47B | $1.65B | Unavailable | Unavailable | Unavailable | $938.08M | $906.88M | Unavailable | Unavailable | Unavailable |
| Goodwill | $3.63B | $3.63B | Unavailable | Unavailable | Unavailable | $3.63B | $3.66B | Unavailable | Unavailable | Unavailable |
| Long-term debt | $5.87B | $4.19B | Unavailable | Unavailable | Unavailable | $7.42B | $9.57B | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $216.81M | $2.40B | $5.18B | $3.27B | $2.53B | $4.19B | $1.48B | $1.69B | $982.37M | $507.80M |
| Capital expenditures | $188.63M | $171.50M | $99.80M | $57.21M | $65.17M | $72.75M | $86.50M | $130.44M | $111.77M | $76.44M |
| Investing cash flow | $221.57M | -$302.56M | -$176.98M | -$128.30M | -$105.09M | -$280.20M | $19.60M | -$593.95M | -$845.08M | -$85.84M |
| Financing cash flow | -$1.60B | -$3.68B | -$3.25B | -$1.28B | -$2.40B | -$2.45B | -$1.63B | -$2.20B | $1.19B | -$250.88M |
| Net change in cash | -$1.16B | -$1.58B | $1.76B | $1.86B | $22.95M | $1.46B | -$127.28M | -$1.10B | $1.33B | $171.08M |
| Stock-based compensation | $163.49M | $176.68M | $160.72M | $184.09M | $134.62M | $107.13M | $86.94M | $72.66M | $61.36M | $55.52M |
| Common dividends paid | $520.96M | $548.82M | $430.56M | $438.04M | $309.78M | $195.04M | $51.45M | $49.16M | $37.61M | $35.32M |
| Common share repurchases | $1.81B | $2.26B | $1.18B | $1.04B | $1.43B | $321.52M | $523.07M | $299.83M | $27.05M | $19.90M |
| Depreciation & amortization | $134.31M | $115.53M | $110.16M | $87.08M | $85.95M | $94.55M | $92.20M | $91.18M | $66.32M | $50.22M |
Derived
| Metric | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $28.18M | $2.23B | $5.08B | $3.21B | $2.47B | $4.12B | $1.40B | $1.56B | $870.60M | $431.36M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 12.0% | 11.7% | 14.3% |
| FCF margin | 0.1% | 6.3% | 14.8% | 9.5% | 9.1% | Unavailable | 6.3% | 7.6% | 6.9% | 3.9% |
| SBC / revenue | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | Unavailable | 0.4% | 0.4% | 0.5% | 0.5% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -3.5% | 3.5% | 1.7% | 24.1% | 20.6% | 1.0% | 8.2% | 62.7% | 15.5% | Unavailable |
| Net margin | 6.1% | 11.1% | 11.5% | 13.7% | 16.3% | Unavailable | 8.3% | 8.2% | 6.4% | 8.3% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 0.6% | 0.5% | 0.3% | 0.2% | 0.2% | Unavailable | 0.4% | 0.6% | 0.9% | 0.7% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 25.1% | 23.5% | 23.9% | 22.7% | 23.4% | 21.0% | 24.3% | 24.1% | 35.1% | 31.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LEN in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-06-29View SEC filing
10-Q · Filed 2026-04-09View SEC filing
10-K · Filed 2026-01-28View SEC filing
10-Q · Filed 2025-10-03View SEC filing
10-Q · Filed 2025-07-01View SEC filing
10-Q · Filed 2025-04-04View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.