Lennar financials
$82.03−0.15%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Nov 30 | FY24 Nov 30 | FY23 Nov 30 | FY22 Nov 30 | FY21 Nov 30 | FY20 Nov 30 | FY19 Nov 30 | FY18 Nov 30 | FY17 Nov 30 | FY16 Nov 30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.19B | $35.44B | $34.23B | $33.67B | $27.13B | $22.49B | $22.26B | $20.57B | $12.65B | $10.95B |
| Gross profit | $3.39B | $5.50B | $5.94B | $7.20B | $5.54B | $3.47B | $2.80B | $2.33B | $1.62B | $1.49B |
| Gross margin | 9.9% | 15.5% | 17.4% | 21.4% | 20.4% | 15.4% | 12.6% | 11.3% | 12.8% | 13.7% |
| Operating income | $2.67B | $4.77B | $5.37B | $6.72B | $5.08B | $3.12B | $2.46B | $1.84B | $1.20B | $1.26B |
| Net income | $2.06B | $3.89B | $3.89B | $4.56B | $4.38B | $2.44B | $1.83B | $1.68B | $802.7M | $902.7M |
| Net margin | 6.0% | 11.0% | 11.4% | 13.5% | 16.1% | 10.8% | 8.2% | 8.2% | 6.3% | 8.2% |
| Diluted EPS | $7.98 | $14.31 | $13.73 | $15.72 | $14.27 | $7.85 | $5.74 | $5.44 | $3.38 | $3.83 |
| EBITDA | $2.80B | $4.89B | $5.48B | $6.81B | $5.16B | $3.21B | $2.55B | $2.08B | $1.41B | $1.31B |
| Operating cash flow | $216.8M | $2.40B | $5.18B | $3.27B | $2.53B | $4.19B | $1.48B | $1.69B | $982.4M | $507.8M |
| Free cash flow | $28.2M | $2.23B | $5.08B | $3.21B | $2.47B | $4.12B | $1.40B | $1.56B | $870.6M | $431.4M |
| Diluted shares | 257.7M | 272.0M | 283.3M | 289.8M | 306.6M | 309.4M | 318.4M | 308.6M | 237.2M | 235.4M |
Balance sheet
| Period end | Nov 30 | Nov 30 | Nov 30 | Nov 30 | Nov 30 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.44B | $4.66B | $6.27B | $4.62B | $2.74B | $2.70B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $4.08B | $2.26B | $2.82B | $4.05B | $4.65B | $5.96B |
| Total assets | $34.43B | $41.31B | $39.23B | $37.98B | $33.21B | $29.94B |
| Total liabilities | $12.29B | $13.29B | $12.53B | $13.74B | $12.21B | $11.84B |
| Shareholders' equity | $22.14B | $28.02B | $26.70B | $24.24B | $21.00B | $18.10B |
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