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MARKETS / NYSE / LEN-B
NYSE · GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS · LARGE CAP

Lennar Corp. /new/ LEN-B

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$34.2B
▼ 3.5% YoY
$2.1B
▼ 47.2% YoY
$28.2M
▼ 98.7% YoY
Growth
USD 34.2B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 34.2 · Net income 2.1
20B2008201120142017202020232025
Compound annual growth
+0.5%
+8.7%
+13.7%
+17.4%
−23.3%
−3.4%
+10.0%
+22.8%
+0.1%
+20.0%
+17.7%
+16.4%
+35.2%
+47.8%
+33.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.2% · Net 6.2%
10%20%-10%-20%2008201120142017202020232025
ROE
FY2025 · ROE 8.3%
10%20%-5%-10%-15%2008201120142017202020232025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
USD 2.3B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 0.0
2.0B4.0B-0.4B-0.8B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.5 · Net buybacks 1.8
1B2BDividendsNet buybacks2008201120142017202020232025

USD 521.0M in dividends and USD 1.8B in buybacks — 112% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 34.4B
EquityUSD 22.0B
CashUSD 3.8B
Gross debtUSD 5.9B
Net debtUSD 2.1B

Net debt stands at 10% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B34.235.434.233.727.122.522.320.612.610.99.57.85.94.13.13.13.14.6
Operating income $B2.85.25.26.05.83.12.42.51.51.61.41.10.80.30.20.2−0.6·
EBITDA $B2.95.35.36.15.93.22.52.61.51.61.51.20.9··0.2−0.6·
Income tax $B0.71.21.21.41.40.70.60.50.40.40.40.30.2−0.4−0.0−0.0−0.30.5
Net income $B2.13.93.94.64.42.51.81.70.80.90.80.60.50.70.10.1−0.4−1.1
Free cash flow $B0.02.25.13.22.54.11.41.60.90.4−0.5−0.8······
EPS, diluted $·14.3113.7315.7214.277.855.745.443.383.863.392.802.153.110.480.51−2.45−7.01
Dividend / sh $··················
Payout %251411978335445643231−7−8
ROE %8.314.415.520.522.814.512.115.110.914.415.314.212.722.23.53.8−17.1·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 52 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 5 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityGeneral Bldg Contractors - Residential Bldgs
Listed onNYSE
Incorporated inDelaware
Fiscal year endsNovember 30
Data on record since2008

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