LEN - NYSE
Lennar Corporation
$89.46
-1.6%Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.
At a Glance
Live SnapshotLennar Corporation Profit Bridge
Profitability Analysis
Gross Margin
Thin margins leave little room for error. Cost management and pricing strategy are critical.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.
Effective Tax Rate
Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.
Profitability Insight
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
Lennar Corporation Income Statement
LEN • NYSE
| Lennar Corporation Income Statement | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | Nov 2008 | Nov 2007 | Nov 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
34.2B | 35.4B | 34.2B | 33.7B | 27.1B | 22.5B | 22.3B | 20.6B | 12.6B | 10.9B | 9.5B | 7.8B | 5.9B | 4.1B | 3.1B | 3.1B | 3.1B | 4.6B | 10.2B | 16.3B | |
GROSS PROFIT | ||||||||||||||||||||
(30.8B) | (29.9B) | (28.3B) | (26.5B) | (21.6B) | (19B) | (19.5B) | (18.2B) | (11B) | (9.5B) | (8.2B) | (6.7B) | (5.1B) | (3.7B) | (2.9B) | (2.9B) | (3.5B) | (4.9B) | (12.6B) | (15.2B) | |
3.4B | 5.5B | 5.9B | 7.2B | 5.5B | 3.5B | 2.8B | 2.3B | 1.6B | 1.5B | 1.3B | 1.1B | 831.9M | 443.6M | 198.7M | 218.3M | -342.6M | -309.8M | -2.5B | 1.1B | |
OPERATING INCOME | ||||||||||||||||||||
(636.7M) | (649M) | (501.3M) | (414.5M) | (398.4M) | (333.4M) | (321.2M) | (343.9M) | (285.9M) | (232.6M) | (216.2M) | (177.2M) | (146.1M) | (127.3M) | (95.3M) | (93.9M) | (117.6M) | (129.8M) | (173.2M) | (193.3M) | |
(636.7M) | (649M) | (501.3M) | (414.5M) | (398.4M) | (333.4M) | (321.2M) | (343.9M) | (285.9M) | (232.6M) | (216.2M) | (177.2M) | (146.1M) | (127.3M) | (95.3M) | (93.9M) | (117.6M) | (129.8M) | (173.2M) | (193.3M) | |
2.8B | 4.8B | 5.4B | 6.8B | 5.1B | 3.1B | 2.5B | 2B | 1.3B | 1.3B | 1.1B | 922M | 685.8M | 316.3M | 103.5M | 124.4M | -460.2M | -439.6M | -2.6B | 902M | |
PRE-TAX INCOME | ||||||||||||||||||||
(13.9M) | (18.8M) | (15.4M) | (19.1M) | (20.1M) | (22.4M) | (17.6M) | (11.3M) | (7.2M) | (4.6M) | (12.5M) | (36.6M) | (93.9M) | (94.4M) | (90.7M) | (70.4M) | (70.9M) | (27.6M) | (0.0) | (0.0) | |
-13.9M | -18.8M | -15.4M | -19.1M | -20.1M | -22.4M | -17.6M | -11.3M | -7.2M | -4.6M | -12.5M | -36.6M | -93.9M | -94.4M | -90.7M | -70.4M | -70.9M | -27.6M | 0.0 | 0.0 | |
63.5M | 334.9M | -237.3M | -773.1M | 680.8M | -16.9M | -46.8M | 272.4M | -149.4M | 68.1M | 123.6M | 47.7M | -3.9M | -94.2M | -5.5M | -29.6M | -300.2M | -126M | -455.2M | 40.7M | |
2.8B | 5.2B | 5.2B | 6B | 5.8B | 3.1B | 2.4B | 2.3B | 1.2B | 1.3B | 1.2B | 969.8M | 681.9M | 222.1M | 98M | 94.7M | -760.4M | -565.6M | -3.1B | 942.6M | |
NET INCOME | ||||||||||||||||||||
(705.6M) | (1.2B) | (1.2B) | (1.4B) | (1.4B) | (656.2M) | (592.2M) | (545.2M) | (417.9M) | (417.4M) | (390.4M) | (341.1M) | (177M) | -435.2M | -14.6M | -25.7M | -314.3M | (547.6M) | -1.1B | (348.8M) | |
2.1B | 3.9B | 3.9B | 4.6B | 4.4B | 2.5B | 1.8B | 1.7B | 810.5M | 911.8M | 802.9M | 638.9M | 479.7M | 679.1M | 92.2M | 95.3M | -417.1M | -1.1B | -1.9B | 593.9M |
SEC Filings
LEN - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | April 13, 2026 | April 08, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 09, 2026 | February 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 12, 2026 | March 12, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | February 26, 2026 | April 08, 2026 | 2026 | |
10-K 10-K 2025 FY FY | January 28, 2026 | November 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | December 16, 2025 | December 16, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 14, 2025 | November 12, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | October 03, 2025 | August 31, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 19, 2025 | September 18, 2025 | 2025 | |
8-K 8-K 2025 N/A | August 04, 2025 | July 30, 2025 | 2025 |
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Snapshot
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Statements
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