Lennar Corporation (LEN) — Financial statements
Income statement, balance sheet, and cash flow for Lennar Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 34,187↓3.6% | 35,477↑3.5% | 34,288↑1.7% | 33,710↑24.2% | 27,142 | |
| Cost of Revenue | 28,121↑2.4% | 27,462↑5.4% | 26,061↑6.4% | 24,505↑23.8% | 19,797 | |
| Gross Profit | 6,065↓24.3% | 8,014↓2.6% | 8,227↓10.6% | 9,205↑25.3% | 7,345 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 2,678 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 2,678↓16.5% | 3,210↑14.4% | 2,805↑14.7% | 2,445↑8.4% | 2,255 | |
| Other Expenses | 637 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 3,315↑3.3% | 3,210↑14.4% | 2,805↑14.7% | 2,445↑8.4% | 2,255 | |
| Total Costs & Expenses | 31,437↑2.5% | 30,672↑6.3% | 28,867↑7.1% | 26,950↑22.2% | 22,052 | |
| Operating Results | ||||||
| Operating Income | 2,750↓42.8% | 4,805↓11.4% | 5,421↓19.8% | 6,760↑32.8% | 5,090 | |
| Depreciation & Amortization | 134↑16.3% | 116↑4.9% | 110↑26.5% | 87↑1.3% | 86 | |
| EBITDA | 2,962↓44.3% | 5,319↓0.2% | 5,328↓13.0% | 6,121↑3.3% | 5,925 | |
| EBIT | 2,828↓45.7% | 5,204↓0.3% | 5,218↓13.5% | 6,034↑3.3% | 5,839 | |
| Interest & Other Income | ||||||
| Net Interest Income | -14↑26.1% | -19↓21.6% | -15↑19.3% | -19↑5.0% | -20 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 14↓26.1% | 19↑21.6% | 15↓19.3% | 19↓5.0% | 20 | |
| Non-Operating Income | -77↑80.6% | -399↓296.0% | 203↓72.0% | 726↑196.9% | -750 | |
| Other Income / Expenses | 63↓83.3% | 380↑273.6% | -219↑70.6% | -745↓202.2% | 729 | |
| Income Before Tax | 2,814↓45.7% | 5,185↓0.3% | 5,202↓13.5% | 6,015↑3.4% | 5,819 | |
| Income Tax Expense | 706↓42.0% | 1,217↓1.9% | 1,241↓9.2% | 1,366↑0.3% | 1,363 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 2,108↓46.9% | 3,968↑0.2% | 3,961↓14.8% | 4,649↑4.3% | 4,457 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,058↓47.7% | 3,933↓0.2% | 3,939↓14.6% | 4,614↑4.2% | 4,430 | |
| Bottom-Line Net Income | 2,038↓47.7% | 3,894↑0.1% | 3,890↓14.6% | 4,557↑4.2% | 4,374 | |
| EPS (Basic) | 7.98↓44.2% | 14.31↑4.2% | 13.73↓12.8% | 15.74↑10.2% | 14.28 | |
| EPS (Diluted) | 7.98↓44.2% | 14.31↑4.2% | 13.73↓12.7% | 15.72↑10.2% | 14.27 | |
| Weighted Average Shares | 258↓5.2% | 272↓4.0% | 283↓2.2% | 290↓5.5% | 307 | |
| Weighted Average Diluted Shares | 258↓5.2% | 272↓4.0% | 283↓2.2% | 290↓5.5% | 307 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.