# Lennar Corporation (LEN)

**Exchange:** NYSE  
**Sector:** Consumer Cyclical  
**Price:** $93.38 (+3.93%)

> Lennar Corporation is a U.S. homebuilding and real estate services company that develops, constructs, and sells single-family homes, townhomes, and residential land. Lennar Corporation also provides mortgage financing, title insurance, and closing services through its financial services operations, creating an integrated offering for homebuyers. Its business spans homebuilding, financial services, and multifamily rental development, serving first-time buyers, move-up purchasers, active adult buyers, and luxury homebuyers across multiple U.S. markets. The company’s role in the financial market is closely tied to residential construction activity, housing demand, and related real estate services, making it a significant participant in the broader U.S. housing ecosystem.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $34.19B | — | — | $2.08B | — |
| 2024 | $35.44B | — | — | $3.93B | $14.31 |
| 2023 | $34.23B | — | — | $3.94B | $13.73 |
| 2022 | $33.67B | — | — | $4.61B | $15.72 |
| 2021 | $27.13B | — | — | $4.43B | $14.27 |
| 2020 | $22.49B | — | $3.48B | $2.47B | $7.85 |
| 2019 | $22.26B | — | $2.78B | $1.85B | $5.74 |
| 2018 | $20.57B | — | $2.46B | $1.70B | $5.44 |
| 2017 | $12.65B | — | $1.48B | $810M | $3.38 |
| 2016 | $10.95B | — | $1.56B | $912M | $3.86 |
| 2015 | $9.47B | — | $1.43B | $803M | $3.39 |
| 2014 | $7.78B | — | $1.15B | $639M | $2.80 |
| 2013 | $5.94B | — | $828M | $480M | $2.15 |
| 2012 | $4.11B | — | $349M | $679M | $3.11 |
| 2011 | $3.10B | — | $193M | $92M | $0.48 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $34.43B | $12.29B | $21.96B | $3.76B | $5.87B |
| 2024 | $41.31B | $13.29B | $27.87B | $4.91B | $4.19B |
| 2023 | $39.23B | $12.53B | $26.58B | — | — |
| 2022 | $37.98B | $13.74B | $24.10B | — | — |
| 2021 | $33.21B | $12.21B | $20.82B | — | — |
| 2020 | $29.94B | $11.84B | $17.99B | $2.86B | $7.42B |
| 2019 | $29.36B | $13.33B | $15.95B | $1.45B | $9.57B |
| 2018 | $28.57B | $13.88B | $14.58B | $1.56B | — |
| 2017 | $18.75B | $10.76B | $7.87B | $2.65B | — |
| 2016 | $15.36B | $8.15B | $7.03B | $1.33B | — |
| 2015 | $14.42B | $8.47B | $5.65B | $1.16B | — |
| 2014 | $12.92B | $7.67B | $4.83B | $1.28B | — |
| 2013 | $11.24B | $6.65B | $4.17B | $971M | — |
| 2012 | $10.36B | $6.36B | $3.41B | $1.31B | — |
| 2011 | $9.15B | $5.85B | $2.70B | $1.16B | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $217M | $189M | $28M |
| 2024 | $2.40B | $172M | $2.23B |
| 2023 | $5.18B | $100M | $5.08B |
| 2022 | $3.27B | $57M | $3.21B |
| 2021 | $2.53B | $65M | $2.47B |
| 2020 | $4.19B | $73M | $4.12B |
| 2019 | $1.48B | $86M | $1.40B |
| 2018 | $1.69B | $130M | $1.56B |
| 2017 | $982M | $112M | $871M |
| 2016 | $508M | $76M | $431M |
| 2015 | -$420M | $91M | -$511M |
| 2014 | -$788M | $23M | -$811M |
| 2013 | -$808M | — | — |
| 2012 | -$425M | — | — |
| 2011 | -$259M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/LEN)