Lennar › Financials
Lennar financials
LENTen years from Lennar’s own SEC filings. Fiscal years end in November.
Income statement
| Nov 2016fiscal year | Nov 2017fiscal year | Nov 2018fiscal year | Nov 2019fiscal year | Nov 2020fiscal year | Nov 2021fiscal year | Nov 2022fiscal year | Nov 2023fiscal year | Nov 2024fiscal year | Nov 2025fiscal year | Last 12 monthsto Aug 2026 | Latest quarterMay 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.95B | $12.65B | $20.57B | $22.26B | $22.49B | $27.13B | $33.67B | $34.23B | $35.44B | $34.19B | $31.97B | — |
| Operating income | $1.56B | $1.48B | $2.46B | $2.78B | $3.48B | — | — | — | — | — | — | — |
| Net income | $911.8M | $810.5M | $1.70B | $1.85B | $2.47B | $4.43B | $4.61B | $3.94B | $3.93B | $2.08B | $1.31B | — |
| Earnings per share, diluted | $4.05 | $3.38 | $5.46 | $5.76 | $7.88 | $14.28 | $15.74 | $13.73 | $14.31 | $7.98 | — | — |
Balance sheet
| Nov 2016fiscal year | Nov 2017fiscal year | Nov 2018fiscal year | Nov 2019fiscal year | Nov 2020fiscal year | Nov 2021fiscal year | Nov 2022fiscal year | Nov 2023fiscal year | Nov 2024fiscal year | Nov 2025fiscal year | Last 12 monthsto Aug 2026 | Latest quarterMay 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.33B | $2.65B | $1.56B | $1.45B | $2.86B | $2.96B | $4.82B | $6.57B | $4.91B | $3.76B | — | $2.17B |
| Total assets | $15.36B | $18.75B | $28.57B | $29.36B | $29.94B | $33.21B | $37.98B | $39.23B | $41.31B | $34.43B | — | $33.70B |
| Debt | — | — | — | $9.57B | $7.42B | — | — | — | $4.19B | $5.87B | — | — |
| Total liabilities | $8.15B | $10.76B | $13.88B | $13.33B | $11.84B | $12.21B | $13.74B | $12.53B | $13.29B | $12.29B | — | $11.94B |
| Shareholders' equity | $7.03B | $7.87B | $14.58B | $15.95B | $17.99B | $20.82B | $24.10B | $26.58B | $27.87B | $21.96B | — | $21.62B |
Cash flow
| Nov 2016fiscal year | Nov 2017fiscal year | Nov 2018fiscal year | Nov 2019fiscal year | Nov 2020fiscal year | Nov 2021fiscal year | Nov 2022fiscal year | Nov 2023fiscal year | Nov 2024fiscal year | Nov 2025fiscal year | Last 12 monthsto Aug 2026 | Latest quarterMay 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $507.8M | $982.4M | $1.69B | $1.48B | $4.19B | $2.53B | $3.27B | $5.18B | $2.40B | $216.8M | $937.3M | — |
| Capital spending | $76.4M | $111.8M | $130.4M | $86.5M | $72.8M | $65.2M | $57.2M | $99.8M | $171.5M | $188.6M | $126.0M | — |
| Free cash flow | $431.4M | $870.6M | $1.56B | $1.40B | $4.12B | $2.47B | $3.21B | $5.08B | $2.23B | $28.2M | $811.3M | — |
| Buybacks | $19.9M | $27.1M | $299.8M | $523.1M | $321.5M | $1.43B | $1.04B | $1.18B | $2.26B | $1.81B | $992.8M | — |
| Dividends | $35.3M | $37.6M | $49.2M | $51.5M | $195.0M | $309.8M | $438.0M | $430.6M | $548.8M | $521.0M | $492.5M | — |
| Returned to shareholders | $55.2M | $64.7M | $349.0M | $574.5M | $516.6M | $1.74B | $1.48B | $1.61B | $2.81B | $2.33B | $1.49B | — |
| Stock-based pay | $55.5M | $61.4M | $72.7M | $86.9M | $107.1M | $134.6M | $184.1M | $160.7M | $176.7M | $163.5M | $143.0M | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Lennar financials, answered
What is Lennar's market cap?
$18.34B at $77.08 a share, with 237,900,239 shares outstanding as of Aug 31, 2026, from the cover of its latest SEC filing.
How much does Lennar earn?
Revenue of $31.97B and net income of $1.31B in the last 12 months to Aug 2026.
How much debt does Lennar have?
Lennar reported $5.87B of debt and $2.17B of cash and equivalents on its balance sheet in Nov 2025.
Does Lennar make free cash flow?
Yes. Operating cash flow minus capital spending was $811.3M in the last 12 months to Aug 2026.
How much cash does Lennar return to shareholders?
$2.33B in buybacks and dividends in fiscal 2025, from the cash flow statement.