Lennar (LEN): financials, SEC filings and peers
Lennar (LEN) is a homebuilding company in the Consumer Discretionary sector of the S&P 500, headquartered in Miami, Florida.
It was founded in 1954 and joined the S&P 500 on October 4, 2005.
Its fiscal year ends in November, and its shares trade on the NYSE.
In its SEC filings it is classified as “General Bldg Contractors - Residential Bldgs”.
Lennar at a glance
- Revenue (12 months)
- $32.7B
- Revenue growth
- -7.4%
- Operating margin
- 6.7%
- Net income (12 months)
- $1.6B
- Free cash flow (12 months)
- $717M
- Cash
- $2.2B
- Debt
- —
- Diluted EPS (12 months)
- $6.38
Twelve months to May 31, 2026, from the 10-Q filed June 29, 2026.
Latest twelve months
Over the twelve months to May 31, 2026, Lennar reported revenue of $32.7 billion, down 7.4% from $35.4 billion a year earlier.
Its operating margin was 6.7%, down 5.6 percentage points from a year earlier: for every $100 of sales, about $7 was left as operating profit.
Net income was $1.6 billion (4.9% of revenue), 50.4% lower than a year earlier.
Operating cash flow was $883 million and capital spending $166 million, leaving free cash flow of $717 million (2.2% of revenue).
At the end of the period it held $2.2 billion in cash and not reported in debt, a net cash position of $2.2 billion.
The diluted share count fell 7.5% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $22.5 billion in fiscal 2020 to $34.2 billion in fiscal 2025, about 8.7% a year.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $27.1B | $33.7B | $34.2B | $35.4B | $34.2B |
| Revenue growth | 20.6% | 24.1% | 1.7% | 3.5% | -3.5% |
| Operating margin | — | — | — | — | — |
| Net income | $4.4B | $4.6B | $3.9B | $3.9B | $2.1B |
| Free cash flow | $2.5B | $3.2B | $5.1B | $2.2B | $28M |
| Diluted EPS | $14.27 | $15.72 | $13.73 | $14.31 | $7.98 |
Fiscal years as reported in Lennar’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 16, 2026 — Earnings results
- 10-Q filed June 29, 2026 — quarterly report
- 8-K filed June 12, 2026 — Regulation FD disclosure
- 8-K filed June 11, 2026 — Earnings results
- 8-K filed June 8, 2026 — Executive or director change; Regulation FD disclosure
- 8-K filed April 13, 2026 — Shareholder vote results
- 10-Q filed April 9, 2026 — quarterly report
- 8-K filed March 12, 2026 — Earnings results
Companies like Lennar
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Questions about Lennar
Is Lennar's revenue growing?
No. Revenue for the twelve months to May 31, 2026 was $32.7 billion, down 7.4% from a year earlier, according to its SEC filings.
Is Lennar profitable?
Yes. It earned $1.6 billion in net income over the twelve months to May 31, 2026, a net margin of 4.9%.
When did Lennar last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on June 29, 2026.
Which companies are similar to Lennar?
In the S&P 500, Lennar is grouped in Homebuilding within the Consumer Discretionary sector. D. R. Horton (DHI), NVR, Inc. (NVR), PulteGroup (PHM) are in the same group.
Understand the numbers
Source: Lennar’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.