Lennar Corporation (LEN)
NYSE: LEN · Real-Time Price · USD
79.70
+1.34 (1.71%)
At close: Sep 17, 2026, 4:00 PM EDT
79.59
-0.11 (-0.14%)
After-hours: Sep 17, 2026, 7:59 PM EDT
Lennar Income Statement
Financials in millions USD. Fiscal year is December - November.
Millions USD. Fiscal year is Dec - Nov.
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 |
Operating Revenue | 7,820 | 7,703 | 6,404 | 9,059 | 8,496 | 8,079 | 7,354 | 9,642 | 9,143 | 8,484 | 7,063 | 10,663 | 8,463 | 7,822 | 6,307 | 9,944 | 8,732 | 8,159 | 6,027 | 8,205 |
Other Revenue | 226.12 | 236.94 | 215.56 | 308.83 | 314.2 | 298.1 | 277.08 | 304.55 | 273.27 | 281.72 | 249.72 | 304.69 | 266.21 | 222.98 | 182.98 | 230.74 | 202.08 | 200.17 | 176.7 | 228.96 |
| 8,046 | 7,940 | 6,619 | 9,368 | 8,810 | 8,378 | 7,632 | 9,947 | 9,416 | 8,766 | 7,313 | 10,968 | 8,730 | 8,045 | 6,490 | 10,174 | 8,934 | 8,359 | 6,204 | 8,434 | |
Revenue Growth (YoY) | -8.67% | -5.22% | -13.26% | -5.82% | -6.43% | -4.43% | 4.36% | -9.31% | 7.86% | 8.96% | 12.67% | 7.80% | -2.29% | -3.75% | 4.63% | 20.64% | 28.71% | 29.99% | 16.49% | 23.55% |
Cost of Revenue | 6,618 | 6,551 | 5,487 | 7,666 | 7,105 | 6,743 | 6,021 | 7,559 | 7,214 | 6,606 | 5,551 | 8,098 | 6,426 | 6,089 | 4,980 | 7,559 | 6,234 | 5,802 | 4,483 | 5,962 |
Gross Profit | 1,333 | 1,253 | 1,008 | 1,526 | 1,569 | 1,493 | 1,477 | 2,238 | 2,073 | 2,025 | 1,643 | 2,735 | 2,186 | 1,845 | 1,406 | 2,509 | 2,561 | 2,460 | 1,635 | 2,354 |
Selling, General & Admin | 851.92 | 834.54 | 775.13 | 859.35 | 847.89 | 844.7 | 763.12 | 852.01 | 765.39 | 786.58 | 725.31 | 824.11 | 696.91 | 635.45 | 575.9 | 643.43 | 601.41 | 591.76 | 542.14 | 579.77 |
Other Operating Expenses | 16.68 | - | -8.15 | -53.41 | 18.96 | - | -39.26 | 2.25 | -113.34 | - | -65.37 | -45.95 | - | - | -23.32 | -29.41 | 19.3 | - | 0.17 | -20.37 |
Operating Expenses | 868.6 | 834.54 | 766.99 | 805.94 | 866.84 | 844.7 | 723.86 | 854.26 | 652.05 | 786.58 | 659.94 | 778.16 | 696.91 | 635.45 | 552.58 | 614.02 | 620.71 | 591.76 | 542.31 | 559.41 |
Operating Income | 463.98 | 418.82 | 241.21 | 720.37 | 702.24 | 648.58 | 752.94 | 1,384 | 1,421 | 1,238 | 983.27 | 1,956 | 1,489 | 1,210 | 853.25 | 1,895 | 1,941 | 1,869 | 1,093 | 1,795 |
Interest Expense | -3.15 | - | - | -13.87 | - | - | - | -18.77 | - | - | - | -15.43 | - | - | - | -19.13 | - | - | - | -20.14 |
Earnings From Equity Investments | 0.43 | 34.09 | 63.27 | 22.05 | 10.82 | 12.12 | 33.23 | 12.33 | 186.62 | -4.31 | -30.55 | -39.68 | -23.99 | -49.76 | -31.19 | -1.43 | -13.31 | -11.81 | -8.29 | -153.9 |
Other Non Operating Income (Expenses) | -20.84 | -16.46 | -16.86 | -23.03 | -21.58 | 13.75 | -17.83 | -22.21 | -21.52 | 48.48 | -16.8 | -81.31 | 25.59 | -27.03 | -13.66 | -20.06 | -17.25 | -24.11 | -12.54 | -17.82 |
EBT Excluding Unusual Items | 440.41 | 436.44 | 287.62 | 705.52 | 691.48 | 674.44 | 768.34 | 1,355 | 1,586 | 1,283 | 935.92 | 1,820 | 1,491 | 1,133 | 808.41 | 1,855 | 1,910 | 1,833 | 1,072 | 1,603 |
Gain (Loss) on Sale of Investments | -53.34 | -23.25 | 14.84 | 133.6 | 99.22 | -32.56 | -70.1 | 102.72 | -50.89 | -21.51 | -5.14 | -35.99 | -15.71 | 25.5 | -23.95 | -96.12 | -85.84 | -77.97 | -395.17 | -179.99 |
Gain (Loss) on Sale of Assets | - | - | - | -156.08 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 158.1 |
Pretax Income | 387.08 | 413.19 | 302.45 | 683.04 | 790.7 | 641.88 | 698.24 | 1,458 | 1,535 | 1,261 | 930.79 | 1,784 | 1,475 | 1,159 | 784.45 | 1,759 | 1,824 | 1,755 | 676.74 | 1,581 |
Income Tax Expense | 101.59 | 105.06 | 69.09 | 185.09 | 190.89 | 160.06 | 169.53 | 358.06 | 347.86 | 300.47 | 210.87 | 416.78 | 358.21 | 280.88 | 185.15 | 414.79 | 351.58 | 432.28 | 167.42 | 387.16 |
Earnings From Continuing Operations | 285.49 | 308.13 | 233.36 | 497.96 | 599.81 | 481.82 | 528.71 | 1,100 | 1,187 | 960.59 | 719.92 | 1,367 | 1,117 | 877.74 | 599.31 | 1,344 | 1,473 | 1,323 | 509.32 | 1,194 |
Minority Interest in Earnings | -1.61 | -3.36 | -3.98 | -7.72 | -8.84 | -4.37 | -9.19 | -3.66 | -24.6 | -6.28 | -0.59 | -6 | -7.96 | -6.05 | -2.77 | -21.49 | -5.35 | -1.8 | -5.73 | -3.16 |
Net Income | 283.88 | 304.77 | 229.38 | 490.24 | 590.97 | 477.45 | 519.53 | 1,096 | 1,163 | 954.31 | 719.33 | 1,361 | 1,109 | 871.69 | 596.53 | 1,322 | 1,467 | 1,321 | 503.58 | 1,190 |
Preferred Dividends & Other Adjustments | - | 5.08 | 2.33 | 3.74 | 5.25 | 6.28 | 4.82 | 10.3 | 10.89 | 10.7 | 6.9 | 15.32 | 13.22 | 13.51 | 6.62 | 13.55 | 15.74 | 17.38 | 5.33 | 12.41 |
Net Income to Common | 283.88 | 299.7 | 227.05 | 486.5 | 585.72 | 471.17 | 514.71 | 1,086 | 1,152 | 943.61 | 712.43 | 1,346 | 1,096 | 858.19 | 589.92 | 1,309 | 1,452 | 1,303 | 498.25 | 1,178 |
Net Income Growth (YoY) | -51.53% | -36.39% | -55.89% | -55.20% | -49.15% | -50.07% | -27.75% | -19.32% | 5.11% | 9.95% | 20.77% | 2.83% | -24.51% | -34.16% | 18.40% | 11.10% | 4.42% | 58.89% | -49.63% | 34.98% |
Shares Outstanding (Basic) | 238 | 241 | 244 | 252 | 256 | 260 | 263 | 267 | 270 | 274 | 277 | 279 | 283 | 285 | 286 | 287 | 288 | 290 | 294 | 301 |
Shares Outstanding (Diluted) | 238 | 241 | 244 | 252 | 256 | 260 | 263 | 267 | 270 | 274 | 277 | 279 | 283 | 285 | 286 | 287 | 288 | 290 | 294 | 301 |
Shares Change (YoY) | -6.98% | -7.50% | -6.96% | -5.58% | -5.39% | -4.90% | -5.13% | -4.36% | -4.49% | -3.93% | -3.19% | -2.76% | -1.82% | -1.72% | -2.67% | -4.61% | -6.24% | -6.15% | -4.88% | -2.56% |
EPS (Basic) | 1.19 | 1.24 | 0.93 | 1.93 | 2.29 | 1.81 | 1.96 | 4.06 | 4.26 | 3.45 | 2.57 | 4.82 | 3.87 | 3.01 | 2.06 | 4.55 | 5.04 | 4.50 | 1.70 | 3.91 |
EPS (Diluted) | 1.19 | 1.24 | 0.93 | 1.92 | 2.29 | 1.81 | 1.96 | 4.06 | 4.26 | 3.45 | 2.57 | 4.82 | 3.87 | 3.01 | 2.06 | 4.55 | 5.03 | 4.49 | 1.69 | 3.91 |
EPS Growth (YoY) | -48.03% | -31.49% | -52.59% | -52.63% | -46.24% | -47.50% | -23.77% | -15.71% | 10.08% | 14.54% | 24.85% | 5.80% | -23.14% | -33.00% | 21.87% | 16.38% | 11.35% | 69.50% | -47.20% | 38.84% |
Additional Metrics
Fiscal Quarter | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Aug '26 Aug 31, 2026 | May '26 May 31, 2026 | Feb '26 Feb 28, 2026 | Nov '25 Nov 30, 2025 | Aug '25 Aug 31, 2025 | May '25 May 31, 2025 | Feb '25 Feb 28, 2025 | Nov '24 Nov 30, 2024 | Aug '24 Aug 31, 2024 | May '24 May 31, 2024 | Feb '24 Feb 29, 2024 | Nov '23 Nov 30, 2023 | Aug '23 Aug 31, 2023 | May '23 May 31, 2023 | Feb '23 Feb 28, 2023 | Nov '22 Nov 30, 2022 | Aug '22 Aug 31, 2022 | May '22 May 31, 2022 | Feb '22 Feb 28, 2022 | Nov '21 Nov 30, 2021 |
Free Cash Flow | - | -303.24 | -463.49 | 1,674 | -190.78 | -1,110 | -345.09 | 933.14 | 800.84 | 202.95 | 294.94 | 2,543 | 929.52 | 634.63 | 972.78 | 2,685 | 482.17 | 119.76 | -78.01 | 1,195 |
Free Cash Flow Per Share | - | -1.26 | -1.90 | 6.63 | -0.75 | -4.26 | -1.31 | 3.49 | 2.96 | 0.74 | 1.06 | 9.10 | 3.29 | 2.23 | 3.40 | 9.34 | 1.67 | 0.41 | -0.27 | 3.97 |
Dividend Per Share | 0.500 | 0.500 | 0.500 | 0.500 | 0.500 | 0.500 | 0.500 | 0.500 | 0.500 | 0.500 | 0.500 | 0.375 | 0.375 | 0.375 | 0.375 | 0.375 | 0.375 | 0.375 | 0.375 | 0.250 |
Dividend Growth (YoY) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 33.33% | 33.33% | 33.33% | 33.33% | 0% | 0% | 0% | 0% | 50.00% | 50.00% | 50.00% | 50.00% | 0% |
Gross Margin | 16.56% | 15.79% | 15.23% | 16.29% | 17.81% | 17.82% | 19.35% | 22.50% | 22.02% | 23.10% | 22.47% | 24.93% | 25.04% | 22.94% | 21.66% | 24.66% | 28.67% | 29.44% | 26.36% | 27.91% |
Operating Margin | 5.77% | 5.27% | 3.64% | 7.69% | 7.97% | 7.74% | 9.87% | 13.91% | 15.09% | 14.13% | 13.45% | 17.84% | 17.06% | 15.04% | 13.15% | 18.63% | 21.72% | 22.36% | 17.61% | 21.28% |
Profit Margin | 3.53% | 3.77% | 3.43% | 5.19% | 6.65% | 5.62% | 6.74% | 10.92% | 12.23% | 10.76% | 9.74% | 12.27% | 12.55% | 10.67% | 9.09% | 12.86% | 16.25% | 15.59% | 8.03% | 13.97% |
Free Cash Flow Margin | - | -3.82% | -7.00% | 17.87% | -2.17% | -13.25% | -4.52% | 9.38% | 8.51% | 2.31% | 4.03% | 23.18% | 10.65% | 7.89% | 14.99% | 26.38% | 5.40% | 1.43% | -1.26% | 14.17% |
EBITDA | 499.3 | 454.14 | 274.6 | 755.35 | 736.41 | 682.4 | 784.27 | 1,414 | 1,450 | 1,267 | 1,010 | 1,985 | 1,526 | 1,234 | 873.56 | 1,925 | 1,959 | 1,888 | 1,113 | 1,815 |
EBITDA Margin | 6.21% | 5.72% | 4.15% | 8.06% | 8.36% | 8.15% | 10.28% | 14.22% | 15.40% | 14.45% | 13.82% | 18.10% | 17.48% | 15.33% | 13.46% | 18.92% | 21.93% | 22.59% | 17.94% | 21.52% |
D&A For EBITDA | 35.32 | 35.32 | 33.39 | 34.98 | 34.17 | 33.83 | 31.33 | 30.41 | 29.37 | 28.61 | 27.14 | 29.02 | 37.11 | 23.73 | 20.31 | 29.15 | 18.4 | 19.43 | 20.09 | 20.11 |
EBIT | 463.98 | 418.82 | 241.21 | 720.37 | 702.24 | 648.58 | 752.94 | 1,384 | 1,421 | 1,238 | 983.27 | 1,956 | 1,489 | 1,210 | 853.25 | 1,895 | 1,941 | 1,869 | 1,093 | 1,795 |
EBIT Margin | 5.77% | 5.27% | 3.64% | 7.69% | 7.97% | 7.74% | 9.87% | 13.91% | 15.09% | 14.13% | 13.45% | 17.84% | 17.06% | 15.04% | 13.15% | 18.63% | 21.72% | 22.36% | 17.61% | 21.28% |
Effective Tax Rate | 26.25% | 25.43% | 22.84% | 27.10% | 24.14% | 24.94% | 24.28% | 24.56% | 22.66% | 23.83% | 22.66% | 23.36% | 24.28% | 24.24% | 23.60% | 23.59% | 19.27% | 24.63% | 24.74% | 24.49% |
Revenue as Reported | 8,046 | 7,940 | 6,619 | 9,368 | 8,810 | 8,378 | 7,632 | 9,947 | 9,416 | 8,766 | 7,313 | 10,968 | 8,730 | 8,045 | 6,490 | 10,174 | 8,934 | 8,359 | 6,204 | 8,434 |