LENNAR CORP /NEW/ (LEN) — financial distillation
Annual history (10-K)
Quarterly history (10-Q)
Two headline lines are shown to start. Click any item in a legend to add or remove it — every figure on the chart is one the table below also carries, for the period it names.
In brief, from the full filed history
- Revenue grew from $4.58B (period ending 2008-11-30) to $34.19B (period ending 2025-11-30) — a 12.6% annual pace across 17 year(s) of filed history.
- Net margin turned from a loss (-24.2%) to a 6.1% margin over that same span.
- Across 51 tracked quarters, the strongest was $9.42B (quarter ending 2024-08-31) and the weakest was $558.0M (quarter ending 2011-02-28).
Annual — most recent 10-K
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $34.19B | 2025-11-30 | 10-K | 0001628280-26-003870 |
| Gross profit | $1.57B | 2020-11-30 | 10-K | 0001628280-21-000722 |
| Operating income | $3.48B | 2020-11-30 | 10-K | 0001628280-21-000722 |
| Net income | $2.08B | 2025-11-30 | 10-K | 0001628280-26-003870 |
| Diluted EPS | $14.31 | 2024-11-30 | 10-K | 0001628280-25-002404 |
| Total assets | $34.43B | 2025-11-30 | 10-K | 0001628280-26-003870 |
| Total liabilities | $12.29B | 2025-11-30 | 10-K | 0001628280-26-003870 |
| Cash & equivalents | $3.76B | 2025-11-30 | 10-K | 0001628280-26-003870 |
| Operating cash flow | $216.8M | 2025-11-30 | 10-K | 0001628280-26-003870 |
Quarterly — most recent 10-Q
| Line | Value | Period ends | Form | Filing |
|---|---|---|---|---|
| Revenue | $7.94B | 2026-05-31 | 10-Q | 0001628280-26-046019 |
| Operating income | $802.9M | 2022-02-28 | 10-Q | 0001628280-22-008166 |
| Net income | $304.8M | 2026-05-31 | 10-Q | 0001628280-26-046019 |
| Diluted EPS | $1.24 | 2026-05-31 | 10-Q | 0001628280-26-046019 |
| Total assets | $33.70B | 2026-05-31 | 10-Q | 0001628280-26-046019 |
| Total liabilities | $11.94B | 2026-05-31 | 10-Q | 0001628280-26-046019 |
| Cash & equivalents | $2.78B | 2021-08-31 | 10-Q | 0001628280-21-019464 |
| Operating cash flow | $-433.5M | 2026-02-28 | 10-Q | 0001628280-26-024352 |
Reading
The figures above are taken directly from filings with the U.S. Securities and Exchange Commission. The reading below was generated by a local language model from only those figures; it introduces no numbers of its own. It is not investment advice.
Lennar Corp., as evidenced by its SEC filings, operates on a substantial scale within the home construction and real estate sector. The company’s revenue has grown at an annual pace of 12.6% over the past 17 years, escalating from $4.58 billion in 2008 to $34.19 billion by the end of 2025. This growth trajectory underscores a robust expansion in its business operations and market presence.
The company’s net income has transitioned from significant losses in its early years, reaching as low as -$1.11 billion in 2008, to a peak of $4.61 billion in 2023 before declining to $2.08 billion by the end of 2025. This shift reflects improved profitability and operational efficiency over time, although recent years have seen a moderation in net income growth.
In examining future filings, investors should focus on Lennar’s ability to sustain revenue growth amidst potential market saturation or economic downturns, as well as its capacity to maintain profit margins given rising material costs and labor shortages within the construction industry. The company’s cash flow dynamics, particularly after experiencing negative operating cash flow in recent quarters, will also be crucial indicators of its financial health moving forward.
Source: SEC EDGAR company facts for CIK 0000920760 · filings index