LEN
Lennar CorporationStock · Consumer DiscretionaryS&P 500 Equal Weight 0.2% · S&P 500 0.03% · Russell 1000 0.03% · Russell 3000 0.03% · US Stock Market 0.03% · MSCI World 0.02% · MSCI ACWI 0.02%$76.43-4.10%
as of market close, Sep 18, 2026
☾ AH — —
LEN financial statements
The full income statement, balance sheet, and cash-flow statement for Lennar Corporation (LEN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-05 274.6M2024-08 271.2M2024-11 265.5M2025-02 263.8M2025-05 259.0M2025-08 255.0M2025-11 247.0M2026-02 246.3M2026-05 240.9M-12.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| Revenue | 34.2B-3.5% | 35.4B+3.5% | 34.2B+1.7% | 33.7B+24.1% | 27.1B+20.6% | |
| Selling, general & administrative | 637M-74.3% | 2.48B+11.2% | 2.23B | — | 398M+19.5% | |
| General & administrative | 637M-1.9% | 649M+29.5% | 501M | — | 398M+19.5% | |
| Other non-operating income | -62.4M-127.6% | 226M+640.1% | 30.5M+299.6% | -15.3M-108.5% | 181M | |
| Equity-method income | 78.2M-52.3% | 164M+213.5% | -145M-298.4% | -36.3M-174.1% | 49.0M+321.4% | |
| Pre-tax income | 2.81B-45.7% | 5.18B-0.3% | 5.20B-13.5% | 6.01B+3.4% | 5.82B+86.3% | |
| Income tax | 706M-42.0% | 1.22B-1.9% | 1.24B-9.2% | 1.37B+0.3% | 1.36B+107.6% | |
| 2.08B-47.2% | 3.93B-0.2% | 3.94B-14.6% | 4.61B+4.2% | 4.43B+79.7% | ||
| Net income to non-controlling interest | 30.1M-14.2% | 35.1M+54.2% | 22.8M-33.7% | 34.4M+30.0% | 26.4M+950.4% | |
| Preferred dividends | 5.07M+1.8% | 4.98M-9.7% | 5.51M+23.3% | 4.47M+66.2% | 2.69M+62.2% | |
| Net income to common | 2.06B-47.1% | 3.89B+0.1% | 3.89B-14.7% | 4.56B+4.2% | 4.38B+79.6% | |
| — | $14.31+4.2% | $13.73-12.7% | $15.72+10.2% | $14.27+81.8% | ||
| EPS (basic) | $7.98-44.2% | $14.31+4.2% | $13.73-12.8% | $15.74+10.2% | $14.28+81.2% | |
| Weighted-avg shares (basic) | 258M-5.2% | 272M-4.0% | 283M-2.2% | 290M-5.5% | 307M-0.9% | |
| Weighted-avg shares (diluted) | — | 272M-4.0% | 283M-2.2% | 290M-5.5% | 307M-0.9% | |
| Dividends per share | — | $2.02+32.8% | $1.52+0.5% | $1.51+51.1% | $1.00+58.6% | |
| Balance Sheet | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| Cash & equivalents | 3.76B-23.5% | 4.91B-25.3% | 6.57B+36.4% | 4.82B+62.9% | 2.96B+3.2% | |
| 34.4B-16.7% | 41.3B+5.3% | 39.2B+3.3% | 38.0B+14.4% | 33.2B+10.9% | ||
| Property, plant & equipment | 643M+24.5% | 516M+27.5% | 405M+14.0% | 355M+4.5% | 340M-17.4% | |
| Operating lease right-of-use | 269M-2.3% | 275M+88.8% | 146M-2.8% | 150M-3.6% | 156M+37.2% | |
| Goodwill | 3.63B+0.0% | 3.63B | — | — | — | |
| 12.3B-7.5% | 13.3B+6.1% | 12.5B-8.8% | 13.7B+12.5% | 12.2B+3.2% | ||
| Long-term debt | 5.87B+40.2% | 4.19B | — | — | — | |
| Operating lease liability (total) | 264M+0.8% | 262M+69.9% | 154M-2.9% | 159M-2.9% | 164M+33.1% | |
| 22.0B-21.2% | 27.9B+4.9% | 26.6B+10.3% | 24.1B+15.8% | 20.8B+15.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 5.91B+3.1% | 5.73B+2.9% | 5.57B+2.8% | 5.42B-38.5% | 8.81B+1.5% | |
| Retained earnings | 22.5B-12.7% | 25.8B+15.1% | 22.4B+18.6% | 18.9B+28.4% | 14.7B+39.0% | |
| Treasury stock | 6.46B+76.9% | 3.65B+162.0% | 1.39B+562.2% | 210M-92.2% | 2.71B+111.8% | |
| Accumulated other comprehensive income | 6.01M-20.2% | 7.53M+54.3% | 4.88M+102.6% | 2.41M+279.6% | -1.34M-66.6% | |
| Non-controlling interest | 181M+19.9% | 151M+24.6% | 121M-13.3% | 140M-22.2% | 180M+72.0% | |
| Total equity incl. non-controlling | 22.1B-21.0% | 28.0B+4.9% | 26.7B+10.2% | 24.2B+15.5% | 21.0B+16.0% | |
| Total liabilities & equity | 34.4B-16.7% | 41.3B+5.3% | 39.2B+3.3% | 38.0B+14.4% | 33.2B+10.9% | |
| Cash Flow | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| 217M-91.0% | 2.40B-53.6% | 5.18B+58.6% | 3.27B+28.9% | 2.53B-39.6% | ||
| Depreciation & amortization | 134M+16.3% | 116M+4.9% | 110M+26.5% | 87.1M+1.3% | 86.0M-9.1% | |
| Share-based compensation | 163M-7.5% | 177M+9.9% | 161M-12.7% | 184M+36.7% | 135M+25.7% | |
| Deferred income taxes | 77.3M+27.9% | 60.4M+188.9% | -68.0M+72.4% | -247M-228.4% | 192M+108.6% | |
| Change in inventory | 151M-47.1% | 285M+112.5% | -2.27B-232.9% | 1.71B+44.6% | 1.18B+251.5% | |
| 222M+173.2% | -303M-71.0% | -177M-37.9% | -128M-22.1% | -105M+62.5% | ||
| Capital expenditure | 189M+10.0% | 172M+71.8% | 99.8M+74.4% | 57.2M-12.2% | 65.2M-10.4% | |
| Free cash flow | 28.2M-98.7% | 2.23B-56.1% | 5.08B+58.3% | 3.21B+30.0% | 2.47B-40.1% | |
| Acquisitions | 254M | 0.00 | 0.00 | 0.00 | 0.00 | |
| -1.60B+56.6% | -3.68B-13.4% | -3.25B-154.3% | -1.28B+46.9% | -2.40B+1.7% | ||
| Long-term debt issued | 700M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.81B-19.9% | 2.26B+90.8% | 1.18B+13.8% | 1.04B-27.3% | 1.43B+344.8% | |
| Dividends paid | 521M-5.1% | 549M+27.5% | 431M-1.7% | 438M+41.4% | 310M+58.8% | |
| Net change in cash | -1.16B+26.6% | -1.58B-190.1% | 1.76B-5.6% | 1.86B+8003.9% | 23.0M-98.4% | |
| Interest paid | 50.1M-8.7% | 54.9M-32.4% | 81.2M+19.7% | 67.8M+42.2% | 47.7M-51.0% | |
| Income taxes paid | 989M+25.1% | 790M-57.6% | 1.86B+46.5% | 1.27B+11.6% | 1.14B+183.7% | |
| Valuation Ratios | as ofNov 30 ’25 | as ofNov 30 ’24 | as ofNov 30 ’23 | as ofNov 30 ’22 | as ofNov 30 ’21 | |
| Market cap | 33.5B-26.9% | 45.8B+31.7% | 34.8B+41.2% | 24.6B-19.0% | 30.4B+32.4% | |
| P/E | 12.5×+14.4% | 10.9×+23.6% | 8.8×+65.4% | 5.3×-22.2% | 6.9×-26.3% | |
| P/S | 1.0×-23.3% | 1.3×+23.6% | 1.0×+38.9% | 0.7×-34.7% | 1.1×+9.7% | |
| P/B | 1.5×-11.2% | 1.7×+27.7% | 1.3×+28.0% | 1.0×-30.0% | 1.5×+14.4% | |
| P/FCF | — | 11.9×+74.1% | 6.8×-10.8% | 7.7×-37.7% | 12.3×+120.9% | |
| Earnings yield | 8.0%-12.6% | 9.2%-19.1% | 11.3%-39.5% | 18.7%+28.5% | 14.6%+35.8% | |
| FCF yield | — | 8.4%-42.6% | 14.6%+12.1% | 13.0%+60.4% | 8.1%-54.7% | |
| Dividend yield | — | 1.2%-2.6% | 1.2%-31.0% | 1.8%+80.8% | 0.98%+14.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: LEN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LEN filings on SEC EDGAR → Not investment advice.