Lennar Corporation
LEN 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. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
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Lennar Corporation 10-K filed Jan 28, 2026
Red flags
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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
What changed
Item 1, Business, against the 10-K filed Jan 23, 2025: 5 added · 11 removed · 44 modified; 8 with only figures updated
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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.