LEN-
Lennar Corporation
NYSE: LEN-B · CONSUMER CYCLICAL · RESIDENTIAL CONSTRUCTION
$88.38
+2.56% today
Updated 2026-04-30
Market cap
$22.41B
P/E ratio
13.09
P/S ratio
0.68x
EPS (TTM)
$6.95
Dividend yield
2.19%
52W range
$80 – $135
Volume
0.1M
Lennar Corporation (LEN-B) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.27B | $10.19B | $4.58B | $3.11B | $3.07B | $3.09B | $4.09B | $5.94B | $7.76B | $9.47B | $10.95B | $12.65B | $20.57B | $22.26B | $22.46B | $27.14B | $33.71B | $34.23B | $35.48B | $34.19B |
| Revenue growth (YoY) | — | -37.4% | -55.1% | -31.9% | -1.3% | +0.5% | +32.2% | +45.5% | +30.6% | +21.9% | +15.7% | +15.5% | +62.6% | +8.2% | +0.9% | +20.8% | +24.2% | +1.6% | +3.6% | -3.6% |
| Cost of revenue | $14.93B | $11.27B | $4.86B | $3.01B | $2.48B | $2.51B | $3.22B | $4.54B | $5.91B | $7.33B | $8.54B | $11.02B | $16.63B | $17.74B | $17.29B | $19.80B | $24.50B | $249.02M | $27.46B | $28.12B |
| Gross profit | $1.34B | $-1.08B | $-282.66M | $103.66M | $594.65M | $578.60M | $869.23M | $1.40B | $1.86B | $2.14B | $2.41B | $1.62B | $3.94B | $4.51B | $5.17B | $7.34B | $9.20B | $33.98B | $8.01B | $6.07B |
| Gross margin | 8.2% | -10.6% | -6.2% | 3.3% | 19.3% | 18.7% | 21.3% | 23.6% | 23.9% | 22.6% | 22.0% | 12.8% | 19.2% | 20.3% | 23.0% | 27.1% | 27.3% | 99.3% | 22.6% | 17.7% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| SG&A | $187.26M | $173.20M | $129.75M | $129.75M | $93.93M | $95.26M | $127.34M | $146.06M | $177.16M | $216.24M | $232.56M | $285.89M | $343.93M | $321.19M | $333.45M | $398.38M | $414.50M | $501.34M | $648.99M | $2.68B |
| Operating income | $1.14B | $-2.63B | $-412.41M | $-465.70M | $123.76M | $98.55M | $303.17M | $694.65M | $964.20M | $1.09B | $1.28B | $1.48B | $1.99B | $2.51B | $3.12B | $5.09B | $6.76B | $5.53B | $4.80B | $2.75B |
| Operating margin | 7.0% | -25.8% | -9.0% | -15.0% | 4.0% | 3.2% | 7.4% | 11.7% | 12.4% | 11.5% | 11.7% | 11.7% | 9.7% | 11.3% | 13.9% | 18.8% | 20.1% | 16.1% | 13.5% | 8.0% |
| EBITDA | $1.25B | $-3.02B | $-533.23M | $-669.65M | $178.67M | $210.12M | $344.55M | $806.20M | $1.04B | $1.27B | $1.39B | $1.54B | $2.37B | $2.54B | $3.24B | $5.93B | $6.12B | $5.53B | $5.32B | $2.96B |
| EBITDA margin | 7.7% | -29.7% | -11.7% | -21.5% | 5.8% | 6.8% | 8.4% | 13.6% | 13.5% | 13.4% | 12.7% | 12.2% | 11.5% | 11.4% | 14.4% | 21.8% | 18.2% | 16.1% | 15.0% | 8.7% |
| EBIT | $1.20B | $-3.08B | $-565.63M | $-689.55M | $165.15M | $188.62M | $316.47M | $775.85M | $1.01B | $1.22B | $1.34B | $1.48B | $2.27B | $2.45B | $3.15B | $5.84B | $6.03B | $5.53B | $5.20B | $2.83B |
| Interest expense | $45.03M | $1.93M | $27.59M | $70.85M | $70.42M | $90.65M | $94.35M | $93.91M | $36.55M | $12.45M | $4.63M | $7.16M | $11.26M | $17.62M | $22.40M | $20.14M | $19.13M | $257.89M | $18.77M | $13.87M |
| Income tax | $348.78M | $-1.14B | $547.56M | $-314.35M | $-25.73M | $-14.57M | $-435.22M | $177.01M | $341.09M | $390.42M | $417.38M | $417.86M | $545.17M | $592.17M | $656.24M | $1.36B | $1.37B | $1.24B | $1.22B | $705.56M |
| Effective tax rate | 37.0% | 37.0% | -97.5% | 43.0% | -37.0% | -18.8% | -178.4% | 27.0% | 34.8% | 32.7% | 31.4% | 34.0% | 24.3% | 24.3% | 21.0% | 23.5% | 22.8% | 24.0% | 23.6% | 25.5% |
| Net income | $593.87M | $-1.94B | $-1.11B | $-417.15M | $95.26M | $92.20M | $679.12M | $479.67M | $638.92M | $802.89M | $911.84M | $810.48M | $1.70B | $1.85B | $2.47B | $4.43B | $4.61B | $3.94B | $3.93B | $2.06B |
| Net income growth (YoY) | — | -426.9% | +42.9% | +62.4% | +122.8% | -3.2% | +636.6% | -29.4% | +33.2% | +25.7% | +13.6% | -11.1% | +109.2% | +9.0% | +33.3% | +79.7% | +4.2% | -14.6% | -0.2% | -47.7% |
| Profit margin | 3.7% | -19.1% | -24.2% | -13.4% | 3.1% | 3.0% | 16.6% | 8.1% | 8.2% | 8.5% | 8.3% | 6.4% | 8.2% | 8.3% | 11.0% | 16.3% | 13.7% | 11.5% | 11.1% | 6.0% |