Lennar financials
$82.03−0.15%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 May 31 | Q1 '26 Feb 28 | Q4 '25 Nov 30 | Q3 '25 Aug 31 | Q2 '25 May 31 | Q1 '25 Feb 28 | Q4 '24 Nov 30 | Q3 '24 Aug 31 | Q2 '24 May 31 | Q1 '24 Feb 29 | Q4 '23 Nov 30 | Q3 '23 Aug 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.94B | $6.62B | $9.37B | $8.81B | $8.38B | $7.63B | $9.95B | $9.42B | $8.77B | $7.31B | $10.97B | $8.73B |
| Gross profit | $555.0M | $390.7M | $829.0M | $892.6M | $804.4M | $861.1M | $1.56B | $1.47B | $1.40B | $1.08B | $2.05B | $1.60B |
| Gross margin | 7.0% | 5.9% | 8.9% | 10.1% | 9.6% | 11.3% | 15.6% | 15.6% | 15.9% | 14.7% | 18.7% | 18.4% |
| Operating income | $398.3M | $216.2M | $643.9M | $699.6M | $628.4M | $695.8M | $1.36B | $1.29B | $1.22B | $901.1M | $1.89B | $1.47B |
| Net income | $299.7M | $227.0M | $486.5M | $585.7M | $471.2M | $514.7M | $1.09B | $1.15B | $943.6M | $712.4M | $1.35B | $1.10B |
| Net margin | 3.8% | 3.4% | 5.2% | 6.6% | 5.6% | 6.7% | 10.9% | 12.2% | 10.8% | 9.7% | 12.3% | 12.6% |
| Diluted EPS | $1.24 | $0.93 | $1.93 | $2.29 | $1.81 | $1.96 | $4.06 | $4.26 | $3.45 | $2.57 | $4.82 | $3.87 |
| EBITDA | $433.6M | $249.6M | $678.9M | $733.8M | $662.3M | $727.2M | $1.39B | $1.32B | $1.25B | $928.2M | $1.89B | $1.51B |
| Operating cash flow | -$284.4M | -$433.5M | $1.76B | -$158.6M | -$1.10B | -$289.0M | $974.5M | $819.2M | $241.8M | $367.9M | $2.59B | $951.9M |
| Free cash flow | -$303.2M | -$463.5M | $1.67B | -$190.8M | -$1.11B | -$345.1M | $933.1M | $800.8M | $203.0M | $294.9M | $2.54B | $929.5M |
| Diluted shares | 240.8M | 244.4M | 252.4M | 255.6M | 260.3M | 262.7M | 267.3M | 270.2M | 273.7M | 276.9M | 279.4M | 282.9M |
Balance sheet
| Period end | May 31 | Feb 28 | Nov 30 | Aug 31 | May 31 | Feb 28 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.82B | $2.09B | $3.44B | $1.41B | $1.17B | $2.28B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $4.05B | $4.07B | $4.08B | $3.52B | $2.79B | $2.21B |
| Total assets | $33.70B | $33.21B | $34.43B | $34.88B | $34.37B | $34.99B |
| Total liabilities | $11.94B | $11.18B | $12.29B | $12.13B | $11.64B | $12.12B |
| Shareholders' equity | $21.77B | $22.03B | $22.14B | $22.75B | $22.73B | $22.87B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology