Lennar Corporation (LEN)
NYSE: LEN · Real-Time Price · USD
76.43
-3.27 (-4.10%)
At close: Sep 18, 2026, 4:00 PM EDT
76.58
+0.15 (0.20%)
After-hours: Sep 18, 2026, 7:58 PM EDT
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 | Aug '26 Aug 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 |
Operating Revenue | 30,986 | 32,989 | 34,332 | 33,257 | 32,861 | 26,232 |
Other Revenue | 987.44 | 1,198 | 1,109 | 976.86 | 809.68 | 898.75 |
| 31,973 | 34,187 | 35,441 | 34,233 | 33,671 | 27,131 | |
Revenue Growth | -8.03% | -3.54% | 3.53% | 1.67% | 24.11% | 20.64% |
Cost of Revenue | 26,322 | 27,536 | 26,930 | 25,594 | 26,042 | 21,186 |
Gross Profit | 5,120 | 6,065 | 7,979 | 8,172 | 7,202 | 5,537 |
Selling, General & Admin | 3,321 | 3,315 | 3,129 | 2,732 | 414.5 | 398.38 |
Other Operating Expenses | -58.03 | -107.6 | -244.64 | -45.95 | -3.84 | -200.97 |
Operating Expenses | 3,263 | 3,207 | 2,885 | 2,686 | 410.66 | 197.41 |
Operating Income | 1,858 | 2,858 | 5,095 | 5,486 | 6,791 | 5,339 |
Interest Expense | -12.09 | -13.87 | -18.77 | -15.43 | -19.13 | -20.14 |
Earnings From Equity Investments | 116.52 | 78.23 | 164.1 | -144.61 | -36.3 | 48.99 |
Other Non Operating Income (Expenses) | -81.26 | -82.58 | -80.21 | -73.09 | -66.4 | -59.83 |
EBT Excluding Unusual Items | 1,881 | 2,840 | 5,160 | 5,252 | 6,670 | 5,308 |
Gain (Loss) on Sale of Investments | 61.14 | 130.17 | 25.18 | -50.16 | -655.09 | 510.8 |
Gain (Loss) on Sale of Assets | -156.08 | -156.08 | - | - | - | - |
Pretax Income | 1,786 | 2,814 | 5,185 | 5,202 | 6,015 | 5,819 |
Income Tax Expense | 460.83 | 705.56 | 1,217 | 1,241 | 1,366 | 1,363 |
Earnings From Continuing Operations | 1,325 | 2,108 | 3,968 | 3,961 | 4,649 | 4,457 |
Minority Interest in Earnings | -16.67 | -30.12 | -35.12 | -22.78 | -34.38 | -26.44 |
Net Income | 1,308 | 2,078 | 3,933 | 3,939 | 4,614 | 4,430 |
Preferred Dividends & Other Adjustments | 20.1 | 20.1 | 38.82 | 48.54 | 51.98 | 52.92 |
Net Income to Common | 1,288 | 2,058 | 3,894 | 3,890 | 4,562 | 4,377 |
Net Income Growth | -51.53% | -47.14% | 0.10% | -14.73% | 4.23% | 79.64% |
Shares Outstanding (Basic) | 244 | 258 | 272 | 283 | 290 | 307 |
Shares Outstanding (Diluted) | 244 | 258 | 272 | 283 | 290 | 307 |
Shares Change | -6.74% | -5.25% | -3.99% | -2.24% | -5.47% | -0.90% |
EPS (Basic) | 5.28 | 7.98 | 14.31 | 13.73 | 15.74 | 14.28 |
EPS (Diluted) | 5.28 | 7.98 | 14.31 | 13.73 | 15.72 | 14.27 |
EPS Growth | -48.05% | -44.23% | 4.22% | -12.68% | 10.22% | 81.83% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 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 | - | 28.18 | 2,232 | 5,080 | 3,208 | 2,468 |
Free Cash Flow Per Share | - | 0.11 | 8.21 | 17.93 | 11.07 | 8.05 |
Dividend 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 | 16.01% | 17.74% | 22.51% | 23.87% | 21.39% | 20.41% |
Operating Margin | 5.81% | 8.36% | 14.37% | 16.02% | 20.17% | 19.68% |
Profit Margin | 4.03% | 6.02% | 10.99% | 11.36% | 13.55% | 16.13% |
Free Cash Flow Margin | - | 0.08% | 6.30% | 14.84% | 9.53% | 9.10% |
EBITDA | 1,998 | 2,992 | 5,210 | 5,596 | 6,879 | 5,425 |
EBITDA Margin | 6.25% | 8.75% | 14.70% | 16.35% | 20.43% | 20.00% |
D&A For EBITDA | 140.94 | 134.31 | 115.53 | 110.16 | 87.08 | 85.95 |
EBIT | 1,858 | 2,858 | 5,095 | 5,486 | 6,791 | 5,339 |
EBIT Margin | 5.81% | 8.36% | 14.37% | 16.02% | 20.17% | 19.68% |
Effective Tax Rate | 25.81% | 25.07% | 23.48% | 23.86% | 22.71% | 23.41% |
Revenue as Reported | 31,973 | 34,187 | 35,441 | 34,233 | 33,671 | 27,131 |
Advertising Expenses | - | 210.8 | 190.9 | 146 | 102.1 | 74.2 |