Lennar Income Statement

Financials in millions USD. Fiscal year is December - November.

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	33,175	34,187	35,442	34,233	33,671	27,131
Revenue Growth (YoY)	-7.23%	-3.54%	3.53%	1.67%	24.11%	20.64%
Cost of Revenue	30,258	30,800	29,943	28,292	26,469	21,594
Gross Profit	2,917	3,387	5,499	5,941	7,202	5,537
Selling, General & Admin	728.59	719.3	729.2	574.43	480.9	458.21
Total Operating Expenses	728.59	719.3	729.2	574.43	480.9	458.21
Operating Income	2,188	2,668	4,770	5,367	6,721	5,078
Total Non-Operating Income (Expense)	229.89	146.04	415.15	-164.26	-706.68	740.63
Pretax Income	2,418	2,814	5,185	5,202	6,015	5,819
Provision for Income Taxes	605.13	705.56	1,217	1,241	1,366	1,363
Net Income	1,788	2,078	3,933	3,939	4,614	4,430
Minority Interest in Earnings	24.91	30.12	35.12	22.78	34.38	26.44
Net Income to Common	1,788	2,078	3,933	3,939	4,614	4,430
Net Income Growth	-52.10%	-47.15%	-0.15%	-14.64%	4.15%	79.72%
Shares Outstanding (Basic)	253	258	272	283	290	307
Shares Outstanding (Diluted)	253	258	272	283	290	307
Shares Change (YoY)	-5.70%	-5.25%	-3.99%	-2.24%	-5.47%	-0.90%
EPS (Basic)	6.96	7.98	14.31	13.73	15.74	14.28
EPS (Diluted)	6.96	7.98	14.31	13.73	15.72	14.27
EPS Growth	-49.31%	-44.23%	4.22%	-12.66%	10.16%	81.78%
Shares Outstanding	246.3	246.99	268.43	280.95	284.02	299.43
Free Cash Flow	-90.23	28.18	2,232	5,080	3,208	2,468
Free Cash Flow Growth	-	-98.74%	-56.06%	58.33%	30.02%	-40.08%
Free Cash Flow Per Share	-0.36	0.11	8.20	17.93	11.07	8.05
Dividends Per Share	2.000	2.000	2.000	1.500	1.500	1.000
Dividend Growth	-	-	33.33%	-	50.00%	60.00%
Gross Margin	8.79%	9.91%	15.52%	17.35%	21.39%	20.41%
Operating Margin	6.60%	7.80%	13.46%	15.68%	19.96%	18.72%
Profit Margin	5.46%	6.17%	11.20%	11.57%	13.81%	16.43%
FCF Margin	-0.27%	0.08%	6.30%	14.84%	9.53%	9.10%
EBITDA	2,325	2,802	4,885	5,477	6,808	5,164
EBITDA Margin	7.01%	8.20%	13.78%	16.00%	20.22%	19.04%
EBIT	2,188	2,668	4,770	5,367	6,721	5,078
EBIT Margin	6.60%	7.80%	13.46%	15.68%	19.96%	18.72%
Effective Tax Rate	25.03%	25.07%	23.48%	23.86%	22.71%	23.41%

Updated Feb 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q