Lennar Corporation Class A (LEN) Financial Statements
Historical financial data — 43 statements covering FY2016–FY2025
Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton, operating in 26 states. The company's homebuilding operations target first-time, move-up, and active adult...
Lennar Corporation Class A's revenue decreased 3.5% year over year, from $35.44B to $34.19B.
Net income decreased 47.2% over the same period, from $3.93B to $2.08B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 212% in total.
Total debt increased by 160.2% to $5.87B.
The debt-to-equity ratio stands at 0.27, indicating a conservative leverage profile.
Operating cash flow declined 91.0% to $216.8M.
Lennar Corporation Class A maintains a moderate net profit margin of 6.1%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q4 FY2024 | $9.95B+5.6% | $1.10B | $9.92B | $1.46B | $974.5M | $41.31B | $2.26B | $27.87B |
| Q1 FY2025 | $7.63B-23.3% | $519.5M | $7.61B | $698.2M | $-289.0M | $34.99B | $5.82B | $22.73B |
| Q2 FY2025 | $8.38B+9.8% | $477.4M | $8.35B | $641.9M | $-1.10B | $34.37B | $7.00B | $22.58B |
| Q3 FY2025 | $8.81B+5.2% | $591.0M | $8.76B | $790.7M | $-158.6M | $34.88B | $8.91B | $22.57B |
| Q4 FY2025 | $9.37B+6.3% | $490.2M | $-21.33B | $683.0M | $1.76B | $34.43B | $5.87B | $21.96B |
| Q1 FY2026 | $6.62B-29.3% | $229.4M | $6.58B | $302.5M | $-433.5M | $33.21B | $5.51B | $22.03B |
| Q2 FY2026 | $7.94B+19.9% | $304.8M | $7.90B | $357.6M | $-284.4M | $33.70B | $6.25B | $21.77B |
| Q3 FY2026 | $8.05B+1.3% | $283.9M | $-12.91B | $464.0M | $-104.3M | $33.38B | $6.12B | $21.70B |
Balance Sheet Summary (Q3 FY2026)
Lennar Corporation Class A (LEN) Financial Statements & Revenue History
Lennar Corporation Class A (LEN) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Residential Construction industry trading at $76.46 with a market capitalization of $18. This page provides 43 historical financial statements for Lennar Corporation Class A, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, Lennar Corporation Class A reported revenue of $34.2 billion, a 3.5% decline from the prior year. The net profit margin of 6.1% indicates moderate profitability. The debt-to-equity ratio of 0.27 shows conservative leverage.
LEN Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows Lennar Corporation Class A's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether LEN is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track LEN's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently Lennar Corporation Class A converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of LEN's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use LEN Financial Data
Investors use Lennar Corporation Class A's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare LEN's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how LEN's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View LEN's financial health score, earnings, and pre-market pricing.
Financial data is sourced from Lennar Corporation Class A's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.LEN trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.