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Financials · LEN

Lennar Corporation (LEN) financials

For the twelve months ended Aug 31, 2026, Lennar Corporation reported $31.97B of revenue and $1.31B of net income.

Revenue, TTM
$31.97B
Revenue growth, YoY
-8.0%
Net income, TTM
$1.31B
Net income growth, YoY
-51.3%
Net margin
4.1%
Free cash flow, TTM
$795.23M
Cash
$2.17B
P/E
16.14
P/S
0.66
Market cap
$21.11B
Annual revenue$34.19B
FY2016FY2025
Annual net income$2.08B
FY2016FY2025
Annual free cash flow$28.18M
FY2016FY2025

LEN revenue and earnings growth

LEN revenueQ3 2026$8.05B

Quarter YoY
-8.7%
QoQ
+1.3%
FY YoY
-3.5%
5Y CAGR
+8.7%
10Y CAGR
+13.7%

LEN revenue was $8.05B in fiscal Q3 2026 (ended Aug 31, 2026), down 8.7% from a year earlier and up 1.3% from the prior quarter. For the full fiscal 2025 it was $34.19B, down 3.5% from fiscal 2024. Compound annual growth was +8.7% over 5 years and +13.7% over 10 years. It rose in 9 of the last 10 fiscal years.

LEN net incomeQ3 2026$283.88M

Quarter YoY
-52.0%
QoQ
-6.9%
FY YoY
-47.2%
5Y CAGR
-3.4%
10Y CAGR
+10.0%

LEN net income was $283.88M in fiscal Q3 2026 (ended Aug 31, 2026), down 52.0% from a year earlier and down 6.9% from the prior quarter. For the full fiscal 2025 it was $2.08B, down 47.2% from fiscal 2024. Compound annual growth was -3.4% over 5 years and +10.0% over 10 years. It rose in 6 of the last 10 fiscal years.

LEN EPSQ3 2026$1.19

Quarter YoY
-48.0%
QoQ
-4.0%
FY YoY
+4.2%
5Y CAGR
+20.0%
10Y CAGR
+17.7%

LEN diluted EPS was $1.19 in fiscal Q3 2026 (ended Aug 31, 2026), down 48.0% from a year earlier and down 4.0% from the prior quarter. For the full fiscal 2024 it was $14.31, up 4.2% from fiscal 2023. Compound annual growth was +20.0% over 5 years and +17.7% over 10 years.

LEN free cash flowQ3 2026-$112.32M

FY YoY
-98.7%
5Y CAGR
-63.1%

LEN free cash flow was -$112.32M in fiscal Q3 2026 (ended Aug 31, 2026), compared with -$190.78M a year earlier. For the full fiscal 2025 it was $28.18M, down 98.7% from fiscal 2024. Compound annual growth was -63.1% over 5 years. It rose in 5 of the last 9 fiscal years.

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Income statement

Income statement
Line item
FY2025
Nov 30, 2025
FY2024
Nov 30, 2024
FY2023
Nov 30, 2023
FY2022
Nov 30, 2022
FY2021
Nov 30, 2021
FY2020
Nov 30, 2020
FY2019
Nov 30, 2019
FY2018
Nov 30, 2018
FY2017
Nov 30, 2017
FY2016
Nov 30, 2016
Revenue$34.19B$35.44B$34.23B$33.67B$27.13B$22.49B$22.26B$20.57B$12.65B$10.95B
Selling, general and admin$2.68B$2.48B$2.23B-$398.38M$333.45M$321.19M$343.93M$285.89M$232.56M
Operating income-----$3.48B$2.78B$2.46B$1.48B$1.56B
Interest expense---------$4.63M
Pre-tax income$2.81B$5.18B$5.20B$6.01B$5.82B$3.12B$2.43B$2.26B$1.19B$1.33B
Income tax$705.56M$1.22B$1.24B$1.37B$1.36B$656.24M$592.17M$545.17M$417.86M$417.38M
Net income$2.08B$3.93B$3.94B$4.61B$4.43B$2.47B$1.85B$1.70B$810.48M$911.84M
EPS, basic$7.98$14.31$13.73$15.74$14.28$7.88$5.76$5.46$3.38$4.05
EPS, diluted-$14.31$13.73$15.72$14.27$7.85$5.74$5.44$3.38$3.86
Diluted shares-272.0M283.3M289.8M306.6M309.4M318.4M308.6M237.2M235.4M

Balance sheet

Balance sheet
Line item
FY2025
Nov 30, 2025
FY2024
Nov 30, 2024
FY2023
Nov 30, 2023
FY2022
Nov 30, 2022
FY2021
Nov 30, 2021
FY2020
Nov 30, 2020
FY2019
Nov 30, 2019
FY2018
Nov 30, 2018
FY2017
Nov 30, 2017
FY2016
Nov 30, 2016
Cash and equivalents$3.83B$4.99B$6.57B$4.82B$2.96B$2.93B$1.47B$1.60B$2.69B$1.36B
Goodwill$3.63B$3.63B---$3.63B$3.66B---
Total assets$34.43B$41.31B$39.23B$37.98B$33.21B$29.94B$29.36B$28.57B$18.75B$15.36B
Total debt$5.87B$4.19B---$7.42B$9.57B---
Total liabilities$12.29B$13.29B$12.53B$13.74B$12.21B$11.84B$13.33B$13.88B$10.76B$8.15B
Shareholders' equity$21.96B$28.02B$26.70B$24.24B$21.00B$18.10B$16.03B$14.68B$7.99B$7.21B

Cash flow

Cash flow
Line item
FY2025
Nov 30, 2025
FY2024
Nov 30, 2024
FY2023
Nov 30, 2023
FY2022
Nov 30, 2022
FY2021
Nov 30, 2021
FY2020
Nov 30, 2020
FY2019
Nov 30, 2019
FY2018
Nov 30, 2018
FY2017
Nov 30, 2017
FY2016
Nov 30, 2016
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
Free cash flow$28.18M$2.23B$5.08B$3.21B$2.47B$4.12B$1.40B$1.56B$870.60M$431.37M
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
Dividends paid$520.96M$548.82M$430.56M$438.04M$309.78M$195.04M$51.45M$49.16M$37.61M$35.32M
Share repurchases$1.81B$2.26B$1.18B$1.04B$1.43B$321.52M$523.07M$299.83M$27.05M$19.90M
Stock-based compensation$163.49M$176.68M$160.72M$184.09M$134.62M$107.13M$86.94M$72.66M$61.36M$55.52M
Depreciation and amortization$134.31M$115.53M$110.16M$87.08M$85.95M$94.55M$92.20M$91.18M$66.32M$50.22M

Key ratios

Key ratios
Line item
FY2025
Nov 30, 2025
FY2024
Nov 30, 2024
FY2023
Nov 30, 2023
FY2022
Nov 30, 2022
FY2021
Nov 30, 2021
FY2020
Nov 30, 2020
FY2019
Nov 30, 2019
FY2018
Nov 30, 2018
FY2017
Nov 30, 2017
FY2016
Nov 30, 2016
Revenue growth, YoY-3.5%3.5%1.7%24.1%20.6%1.0%8.2%62.7%15.5%15.6%
Net income growth, YoY-47.2%-0.2%-14.6%4.2%79.7%33.3%9.0%109.2%-11.1%13.6%
EPS growth, YoY-4.2%-12.7%10.2%81.8%36.8%5.5%60.9%-12.4%13.9%
Operating margin-----15.5%12.5%12.0%11.7%14.3%
Net margin6.1%11.1%11.5%13.7%16.3%11.0%8.3%8.2%6.4%8.3%
Free cash flow margin0.1%6.3%14.8%9.5%9.1%18.3%6.3%7.6%6.9%3.9%
Return on equity9.5%14.0%14.7%19.0%21.1%13.6%11.5%11.5%10.1%12.6%
Return on assets6.0%9.5%10.0%12.1%13.3%8.2%6.3%5.9%4.3%5.9%
Debt to equity0.270.15---0.410.60---

Source: XBRL data Lennar Corporation files with the SEC, latest filing dated Oct 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LEN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LEN$31.97B-8.0%$1.31B4.1%$21.11B
DHI$33.35B-3.5%$3.07B9.2%$42.59B
TOL$10.76B-1.1%$1.20B11.1%$14.06B
KBH$5.18B-20.8%$227.57M4.4%$3.08B

LEN FAQ

7 questions
  • What is LEN revenue?
    Lennar Corporation (LEN) reported $31.97B of revenue for the twelve months ended Aug 31, 2026. That is down 8.0% from the year before. Revenue for fiscal 2025 was $34.19B.
  • Is LEN profitable?
    Yes. Lennar Corporation earned $1.31B in net income for the twelve months ended Aug 31, 2026, a net margin of 4.1%.
  • How much cash and debt does LEN have?
    Lennar Corporation reported $2.17B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is LEN revenue growing?
    Lennar Corporation's revenue changed -3.5% in fiscal 2025, to $34.19B. Its compound annual growth rate was +8.7% over 5 years and +13.7% over 10 years.
  • What is LEN free cash flow?
    Lennar Corporation generated $795.23M of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of $937.30M less capital expenditures.
  • When did LEN last report financial results?
    The latest statements here come from Lennar Corporation's 10-Q filed on Oct 2, 2026, covering the period ended Aug 31, 2026.
  • Where does this LEN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Lennar Corporation files with the SEC. It is provided for information only and is not investment advice.