Lennar Corp. income statement & cash flow

Tickers LEN, LEN-B · SEC CIK 920760 · Latest fiscal year ended Nov 30, 2025

In the fiscal year ended Nov 30, 2025, Lennar Corp. reported net income of $2.08B on revenue of $34.19B. Operating cash flow was $216.81M and capital expenditures were $188.63M, leaving $28.18M of free cash flow (operating cash flow minus capital expenditures).

Lennar Corp. net income by fiscal year, USD. Hover a bar for the exact figure.

Income statement and cash flow summary

Fiscal year ended	Nov 2016	Nov 2017	Nov 2018	Nov 2019	Nov 2020	Nov 2021	Nov 2022	Nov 2023	Nov 2024	Nov 2025
Revenue (USD)	$10.95B	$12.65B	$20.57B	$22.26B	$22.49B	$27.13B	$33.67B	$34.23B	$35.44B	$34.19B
Operating income (USD)	$1.56B	$1.48B	$2.46B	$2.78B	$3.48B	—	—	—	—	—
Net income (USD)	$911.84M	$810.48M	$1.70B	$1.85B	$2.47B	$4.43B	$4.61B	$3.94B	$3.93B	$2.08B
Diluted EPS (USD per share)	$3.86	$3.38	$5.44	$5.74	$7.85	$14.27	$15.72	$13.73	$14.31	—
Operating cash flow (USD)	$507.80M	$982.37M	$1.69B	$1.48B	$4.19B	$2.53B	$3.27B	$5.18B	$2.40B	$216.81M
Capital expenditures (USD)	$76.44M	$111.77M	$130.44M	$86.50M	$72.75M	$65.17M	$57.21M	$99.80M	$171.50M	$188.63M
Reported in	10-K 2019	10-K 2020	10-K 2021	10-K 2022	10-K 2023	10-K 2024	10-K 2025	10-K 2026	10-K 2026	10-K 2026

Columns are fiscal years, labeled by the month the year ended; scroll sideways on small screens. — means the company did not report the figure under the XBRL concepts we track.

Margins

Each figure divided by revenue for the same fiscal year.

Fiscal year ended	Gross margin	Operating margin	Net margin
Nov 2025	—	—	6.1%
Nov 2024	—	—	11.1%
Nov 2023	—	—	11.5%
Nov 2022	—	—	13.7%
Nov 2021	—	—	16.3%

Lennar Corp. operating cash flow by fiscal year, USD. Hover a bar for the exact figure.

Source: SEC EDGAR XBRL company facts for CIK 920760 (raw data). Most recent filing in this dataset: 10-Q filed Oct 2, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.