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) Net income
Lennar Corporation's net income for fiscal 2025 was $2.1B, down 46.9% from $4.0B in fiscal 2024. Over the twelve months to 31 August 2026 it was $1.3B. Over the past ten years it has ranged from $771.8M (fiscal 2017) to $4.6B (fiscal 2022); the current reading is higher than 55% of that period. Lennar Corporation ranks 3rd of 18 Residential Construction companies by net income.
Net income, annual
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Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $2.1B | (46.86%) |
| FY2024 | $4.0B | 0.16% |
| FY2023 | $4.0B | (14.78%) |
| FY2022 | $4.6B | 4.31% |
| FY2021 | $4.5B | 80.61% |
| FY2020 | $2.5B | 33.95% |
| FY2019 | $1.8B | 7.26% |
| FY2018 | $1.7B | 122.55% |
| FY2017 | $771.8M | (15.48%) |
| FY2016 | $913.1M | 11.46% |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Aug 2026 | $285.5M | (7.35%) |
| May 2026 | $308.1M | 32.04% |
| Feb 2026 | $233.4M | (53.14%) |
| Nov 2025 | $498.0M | (16.98%) |
| 43 more quarters | Free account |
Against its own ten years
Net income against peers
| Company | Net income |
|---|---|
| DHI D.R. Horton, Inc. compare | $3.1B |
| PHM PulteGroup, Inc. compare | $1.9B |
| LEN Lennar Corporation | $1.3B |
| LEN.B Lennar Corporation compare | $1.3B |
| TOL Toll Brothers Inc. compare | $1.2B |
| NVR NVR, Inc. compare | $1.1B |
| IBP Installed Building Products, Inc. compare | $250.7M |
| SKY Champion Homes, Inc. compare | $198.7M |
| CVCO Cavco Industries, Inc. compare | $181.2M |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
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- Revenue
- EPS (diluted)
- EBITDA
- Free cash flow
- 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
- Beneish M-score
- The full statement