Financials in USD. Standardized financial statements.
A compact view of how Lennar Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $34.19B | $35.44B | $34.23B | $33.67B | $27.13B | $22.49B | $22.26B | $20.57B | $12.65B | $10.95B |
| Revenue Growth? | -3.5% | +3.5% | +1.7% | +24.1% | +20.6% | +1.0% | +8.2% | +62.7% | +15.5% | 0.0% |
| Cost of Revenue? | $30.80B | $29.94B | $28.29B | $26.47B | $21.59B | $19.01B | $19.46B | $18.24B | $11.02B | $9.46B |
| Gross Profit? | $3.39B | $5.50B | $5.94B | $7.20B | $5.54B | $3.47B | $2.80B | $2.33B | $1.62B | $1.49B |
| Gross Margin? | +9.9% | +15.5% | +17.4% | +21.4% | +20.4% | +15.4% | +12.6% | +11.3% | +12.8% | +13.7% |
| Operating Expenses? | $636.72M | $648.99M | $501.34M | $414.50M | $398.38M | $333.45M | $321.19M | $343.93M | $285.89M | $232.56M |
| Operating Income? | $2.75B | $4.85B | $5.44B | $6.79B | $5.14B | $3.14B | $2.48B | $1.99B | $1.34B | $1.26B |
| EBITDA? | $2.88B | $4.97B | $5.55B | $6.87B | $5.22B | $3.24B | $2.57B | $2.08B | $1.41B | $1.31B |
| Income Before Tax | $2.81B | $5.18B | $5.20B | $6.01B | $5.82B | $3.12B | $2.43B | $2.26B | $1.19B | $1.33B |
| Income Tax Expense | $705.56M | $1.22B | $1.24B | $1.37B | $1.36B | $656.24M | $592.17M | $545.17M | $417.86M | $417.38M |
| Net Income? | $2.08B | $3.93B | $3.94B | $4.61B | $4.43B | $2.47B | $1.85B | $1.70B | $810.48M | $911.84M |
| EPS? | $7.98 | $14.31 | $13.73 | $15.74 | $14.28 | $7.88 | $5.76 | $5.46 | $3.38 | $4.05 |
| Diluted EPS? | $7.98 | $14.31 | $13.73 | $15.72 | $14.27 | $7.85 | $5.74 | $5.44 | $3.38 | $3.85 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality