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	May '26 May 31, 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	32,737	34,187	35,441	34,233	33,671	27,131
Revenue Growth	-7.45%	-3.54%	3.53%	1.67%	24.11%	20.64%
Cost of Revenue	30,070	30,800	29,942	28,292	26,469	21,594
Gross Profit	2,667	3,387	5,499	5,941	7,202	5,537
Selling, General & Admin	709.27	719.3	729.2	574.43	480.9	458.21
Total Operating Expenses	709.27	719.3	729.2	574.43	480.9	458.21
Operating Income	1,958	2,668	4,770	5,367	6,721	5,078
Total Non-Operating Income (Expense)	231.35	146.04	415.15	-164.26	-706.68	740.63
Pretax Income	2,189	2,814	5,185	5,202	6,015	5,819
Provision for Income Taxes	550.13	705.56	1,217	1,241	1,366	1,363
Net Income	1,639	2,108	3,968	3,961	4,649	4,457
Minority Interest in Earnings	23.9	30.12	35.12	22.78	34.38	26.44
Net Income to Common	1,615	2,078	3,933	3,939	4,614	4,430
Net Income Growth	-50.39%	-47.15%	-0.15%	-14.64%	4.15%	79.72%
Shares Outstanding (Basic)	248	258	272	283	290	307
Shares Outstanding (Diluted)	248	258	272	283	290	307
Shares Change	-6.34%	-5.25%	-3.99%	-2.24%	-5.47%	-0.90%
EPS (Basic)	6.39	7.98	14.31	13.73	15.74	14.28
EPS (Diluted)	6.39	7.98	14.31	13.73	15.72	14.27
EPS Growth	-47.15%	-44.23%	4.22%	-12.66%	10.16%	81.78%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 31, 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
Free Cash Flow	716.77	28.18	2,232	5,080	3,208	2,468
Free Cash Flow Growth	157.22%	-98.74%	-56.06%	58.33%	30.02%	-40.08%
Free Cash Flow Per Share	2.89	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	0%	0%	33.33%	0%	50.00%	60.00%
Gross Margin	8.15%	9.91%	15.52%	17.35%	21.39%	20.41%
Operating Margin	5.98%	7.80%	13.46%	15.68%	19.96%	18.72%
Profit Margin	5.01%	6.17%	11.20%	11.57%	13.81%	16.43%
FCF Margin	2.19%	0.08%	6.30%	14.84%	9.53%	9.10%
EBITDA	2,096	2,802	4,885	5,477	6,808	5,164
EBITDA Margin	6.40%	8.20%	13.78%	16.00%	20.22%	19.04%
EBIT	1,958	2,668	4,770	5,367	6,721	5,078
EBIT Margin	5.98%	7.80%	13.46%	15.68%	19.96%	18.72%
Effective Tax Rate	25.13%	25.07%	23.48%	23.86%	22.71%	23.41%

SEC Filings: 10-K · 10-Q