Lennar Financial Statements
NYSE: LENConsumer DiscretionaryHomebuildingUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
After hours: 76.56 -0.17%
Lennar revenue and earnings
In fiscal 2025, Lennar generated $34.19 billion in revenue, down 3.5% from fiscal 2024, its first annual decline since 2010. Net income was $2.08 billion (-47.2% year over year), for a net margin of 6.1% versus a median of 11.5% in the prior 5 years. Over the last 5 fiscal years, LEN's revenue has grown at a 8.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Lennar income statement (annual)
| Fiscal year (USD) | FY 20252025-11-30 | FY 20242024-11-30 | FY 20232023-11-30 | FY 20222022-11-30 | FY 20212021-11-30 | FY 20202020-11-30 | FY 20192019-11-30 | FY 20182018-11-30 | FY 20172017-11-30 | FY 20162016-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34.19B | 35.44B | 34.23B | 33.67B | 27.13B | 22.49B | 22.26B | 20.57B | 12.65B | 10.95B |
| Revenue growth (YoY) | -3.54% | +3.53% | +1.67% | +24.11% | +20.64% | +1.03% | +8.21% | +62.67% | +15.49% | +15.58% |
| Selling, General & Admin | 2.68B | 2.48B | 2.23B | — | — | — | — | — | — | — |
| Operating Income | — | — | — | — | — | 3.48B | 2.78B | 2.46B | 1.48B | 1.56B |
| Interest Expense | — | — | — | — | — | — | — | — | — | 4.63M |
| Other Income (Expense) | -62.35M | 225.87M | 30.52M | -15.29M | 180.83M | — | — | — | — | — |
| Pretax Income | 2.81B | 5.18B | 5.20B | 6.01B | 5.82B | 3.12B | 2.43B | 2.26B | 1.19B | 1.33B |
| Income Tax | 705.56M | 1.22B | 1.24B | 1.37B | 1.36B | 656.24M | 592.17M | 545.17M | 417.86M | 417.38M |
| Net Income | 2.08B | 3.93B | 3.94B | 4.61B | 4.43B | 2.47B | 1.85B | 1.70B | 810.48M | 911.84M |
| Net Income growth (YoY) | -47.15% | -0.15% | -14.64% | +4.15% | +79.72% | +33.31% | +9.04% | +109.24% | -11.12% | +13.57% |
| EPS (Basic) | 7.98 | 14.31 | 13.73 | 15.74 | 14.28 | 7.88 | 5.76 | 5.46 | 3.38 | 4.05 |
| EPS (Diluted) | — | 14.31 | 13.73 | 15.72 | 14.27 | 7.85 | 5.74 | 5.44 | 3.38 | 3.86 |
| Shares Outstanding (Basic) | 257.75M | 272.02M | 283.32M | 289.82M | 306.61M | 309.41M | 318.42M | 307.97M | 237.16M | 223.08M |
| Shares Outstanding (Diluted) | — | 272.02M | 283.32M | 289.82M | 306.61M | 309.41M | 318.42M | 308.56M | 237.16M | 235.37M |
| EBITDA | — | — | — | — | — | 3.58B | 2.87B | 2.55B | 1.54B | 1.61B |
| Operating Margin | — | — | — | — | — | 15.48% | 12.47% | 11.97% | 11.67% | 14.27% |
| Net Margin | 6.08% | 11.10% | 11.50% | 13.70% | 16.33% | 10.96% | 8.31% | 8.24% | 6.41% | 8.33% |
This table shows 10 annual periods of Lennar's income statement, from FY 2025 back to FY 2016, across 15 line items including revenue, selling, general & admin, operating income. Values in USD; B = billions, M = millions. Fiscal periods follow LEN's reporting calendar. What is a income statement?