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 (LEN) Free cash flow
Lennar Corporation's free cash flow for fiscal 2025 was $179.0M, down 92.2% from $2.3B in fiscal 2024. Over the twelve months to 31 August 2026 it was $936.7M. Over the past ten years it has ranged from −$282.0M (fiscal 2015) to $5.1B (fiscal 2023); the current reading is higher than 18% of that period. Lennar Corporation ranks 5th of 18 Residential Construction companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $179.0M | (92.19%) |
| FY2024 | $2.3B | (54.97%) |
| FY2023 | $5.1B | 57.53% |
| FY2022 | $3.2B | 28.85% |
| FY2021 | $2.5B | (39.57%) |
| FY2020 | $4.2B | 181.46% |
| FY2019 | $1.5B | (5.52%) |
| FY2018 | $1.6B | 79.34% |
| FY2017 | $870.6M | 90.65% |
| FY2016 | $456.7M | — |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Aug 2026 | −$93.1M | — |
| May 2026 | −$303.2M | — |
| Feb 2026 | −$437.3M | — |
| Nov 2025 | $1.8B | — |
| 43 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| DHI D.R. Horton, Inc. compare | $3.2B |
| PHM PulteGroup, Inc. compare | $1.5B |
| TOL Toll Brothers Inc. compare | $1.1B |
| NVR NVR, Inc. compare | $1.0B |
| LEN Lennar Corporation | $936.7M |
| LEN.B Lennar Corporation compare | $936.7M |
| IBP Installed Building Products, Inc. compare | $294.0M |
| SKY Champion Homes, Inc. compare | $271.9M |
| CVCO Cavco Industries, Inc. compare | $234.9M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on LEN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
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- The full statement