Lennar Corporation

LEN.B Consumer Cyclical Residential Construction

Lennar Corporation’s revenue for fiscal 2025 (year ended November 2025) was $34.2 billion, down 3.54% from fiscal 2024. In the quarter to August 2026, revenue fell 8.67%, EPS fell 48.0%, free cash flow grew 50.1% and total debt rose 22.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

85.95 1.67 +1.98%
Market cap
$38.8B
P/E
16.2×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
4.17
Beneish M
−2.02
Dividend safety
64/100

Lennar Corporation 10-K filed Jan 28, 2026

Fiscal year 2025 · Period ended Nov 30, 2025 · Filed · accepted 4:54 PM ET · Document on sec.gov · Filing index

Red flags

  • Profit ahead of cash

    Lennar Corporation’s net income ran ahead of its operating cash flow for a second year, by 5.4% of total assets

    10-K filed · The filing · sec.gov

What changed

Item 1, Business, against the 10-K filed Jan 23, 2025: 5 added · 11 removed · 44 modified; 8 with only figures updated

  1. Modified · West: Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington

    Our other reportable segments are Financial Services, Multifamily and Lennar Other. Financial information about our Homebuilding, Financial Services, Multifamily and Lennar Other operations is contained in Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations and Note 3 of this Reportthe Notes to Consolidated Financial Statements.