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.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	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 YoY-3.5%	35.4B YoY+3.5%	34.2B YoY+1.7%	33.7B YoY+24.1%	27.1B YoY+20.6%
Selling, general & administrative	2.68B YoY+8.0%	2.48B YoY+11.2%	2.23B	—	398M YoY+19.5%
General & administrative	637M YoY-1.9%	649M YoY+29.5%	501M	—	398M YoY+19.5%
Other non-operating income	-62.4M YoY-127.6%	226M YoY+640.1%	30.5M YoY+299.6%	-15.3M YoY-108.5%	181M
Equity-method income	78.2M YoY-52.3%	164M YoY+213.5%	-145M YoY-298.4%	-36.3M YoY-174.1%	49.0M YoY+321.4%
Pre-tax income	2.81B YoY-45.7%	5.18B YoY-0.3%	5.20B YoY-13.5%	6.01B YoY+3.4%	5.82B YoY+86.3%
Income tax	706M YoY-42.0%	1.22B YoY-1.9%	1.24B YoY-9.2%	1.37B YoY+0.3%	1.36B YoY+107.6%
	2.08B YoY-47.2%	3.93B YoY-0.2%	3.94B YoY-14.6%	4.61B YoY+4.2%	4.43B YoY+79.7%
Net income to non-controlling interest	30.1M YoY-14.2%	35.1M YoY+54.2%	22.8M YoY-33.7%	34.4M YoY+30.0%	26.4M YoY+950.4%
Preferred dividends	5.07M YoY+1.8%	4.98M YoY-9.7%	5.51M YoY+23.3%	4.47M YoY+66.2%	2.69M YoY+62.2%
Net income to common	2.06B YoY-47.1%	3.89B YoY+0.1%	3.89B YoY-14.7%	4.56B YoY+4.2%	4.38B YoY+79.6%
	—	$14.31 YoY+4.2%	$13.73 YoY-12.7%	$15.72 YoY+10.2%	$14.27 YoY+81.8%
EPS (basic)	$7.98 YoY-44.2%	$14.31 YoY+4.2%	$13.73 YoY-12.8%	$15.74 YoY+10.2%	$14.28 YoY+81.2%
Weighted-avg shares (basic)	258M YoY-5.2%	272M YoY-4.0%	283M YoY-2.2%	290M YoY-5.5%	307M YoY-0.9%
Weighted-avg shares (diluted)	—	272M YoY-4.0%	283M YoY-2.2%	290M YoY-5.5%	307M YoY-0.9%
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 YoY-23.5%	4.91B YoY-25.3%	6.57B YoY+36.4%	4.82B YoY+62.9%	2.96B YoY+3.2%
	34.4B YoY-16.7%	41.3B YoY+5.3%	39.2B YoY+3.3%	38.0B YoY+14.4%	33.2B YoY+10.9%
Property, plant & equipment	643M YoY+24.5%	516M YoY+27.5%	405M YoY+14.0%	355M YoY+4.5%	340M YoY-17.4%
Operating lease right-of-use	269M YoY-2.3%	275M YoY+88.8%	146M YoY-2.8%	150M YoY-3.6%	156M YoY+37.2%
Goodwill	3.63B YoY+0.0%	3.63B YoY+0.0%	3.63B YoY+0.0%	3.63B YoY+0.0%	3.63B YoY+0.0%
Intangible assets	0.00	0.00	0.00	0.00	0.00
	12.3B YoY-7.5%	13.3B YoY+6.1%	12.5B YoY-8.8%	13.7B YoY+12.5%	12.2B YoY+3.2%
Long-term debt	5.87B YoY+40.2%	4.19B YoY-37.0%	6.65B YoY+0.0%	6.65B YoY+0.0%	6.65B YoY-10.4%
	22.0B YoY-21.2%	27.9B YoY+4.9%	26.6B YoY+10.3%	24.1B YoY+15.8%	20.8B YoY+15.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	5.91B YoY+3.1%	5.73B YoY+2.9%	5.57B YoY+2.8%	5.42B YoY-38.5%	8.81B YoY+1.5%
Retained earnings	22.5B YoY-12.7%	25.8B YoY+15.1%	22.4B YoY+18.6%	18.9B YoY+28.4%	14.7B YoY+39.0%
Treasury stock	6.46B YoY+76.9%	3.65B YoY+162.0%	1.39B YoY+562.2%	210M YoY-92.2%	2.71B YoY+111.8%
Accumulated other comprehensive income	6.01M YoY-20.2%	7.53M YoY+54.3%	4.88M YoY+102.6%	2.41M YoY+279.6%	-1.34M YoY-66.6%
Non-controlling interest	181M YoY+19.9%	151M YoY+24.6%	121M YoY-13.3%	140M YoY-22.2%	180M YoY+72.0%
Total equity incl. non-controlling	22.1B YoY-21.0%	28.0B YoY+4.9%	26.7B YoY+10.2%	24.2B YoY+15.5%	21.0B YoY+16.0%
Total liabilities & equity	34.4B YoY-16.7%	41.3B YoY+5.3%	39.2B YoY+3.3%	38.0B YoY+14.4%	33.2B YoY+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 YoY-91.0%	2.40B YoY-53.6%	5.18B YoY+58.6%	3.27B YoY+28.9%	2.53B YoY-39.6%
Depreciation & amortization	134M YoY+16.3%	116M YoY+4.9%	110M YoY+26.5%	87.1M YoY+1.3%	86.0M YoY-9.1%
Share-based compensation	163M YoY-7.5%	177M YoY+9.9%	161M YoY-12.7%	184M YoY+36.7%	135M YoY+25.7%
Deferred income taxes	77.3M YoY+27.9%	60.4M YoY+188.9%	-68.0M YoY+72.4%	-247M YoY-228.4%	192M YoY+108.6%
Change in inventory	151M YoY-47.1%	285M YoY+112.5%	-2.27B YoY-232.9%	1.71B YoY+44.6%	1.18B YoY+251.5%
	222M YoY+173.2%	-303M YoY-71.0%	-177M YoY-37.9%	-128M YoY-22.1%	-105M YoY+62.5%
Capital expenditure	189M YoY+10.0%	172M YoY+71.8%	99.8M YoY+74.4%	57.2M YoY-12.2%	65.2M YoY-10.4%
Acquisitions	254M	0.00	0.00	—	—
	-1.60B YoY+56.6%	-3.68B YoY-13.4%	-3.25B YoY-154.3%	-1.28B YoY+46.9%	-2.40B YoY+1.7%
Common stock issued	—	—	—	—	0.00
Common stock repurchased	1.81B YoY-19.9%	2.26B YoY+90.8%	1.18B YoY+13.8%	1.04B YoY-27.3%	1.43B YoY+344.8%
Dividends paid	521M YoY-5.1%	549M YoY+27.5%	431M YoY-1.7%	438M YoY+41.4%	310M YoY+58.8%
Net change in cash	-1.16B YoY+26.6%	-1.58B YoY-190.1%	1.76B YoY-5.6%	1.86B YoY+8003.9%	23.0M YoY-98.4%
Interest paid	50.1M YoY-8.7%	54.9M YoY-32.4%	81.2M YoY+19.7%	67.8M YoY+42.2%	47.7M YoY-51.0%
Income taxes paid	989M YoY+25.1%	790M YoY-57.6%	1.86B YoY+46.5%	1.27B YoY+11.6%	1.14B YoY+183.7%
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.

LEN▼ financial statements

About this data

financial statements