Lennar Corporation
LENFinancial Statements
Income Statement (Annual)
Amounts in millions
2025
11/30/2025
Revenue
34,187
Cost of Revenue
28,121
Gross Profit
6,065
Gross Margin
17.7%
Operating Income
2,750
Operating Margin
8.0%
Net Income
2,078
Net Margin
6.1%
EPS (Basic)
$7.98
EPS (Diluted)
$7.98
EBITDA
2,814
EBITDA Margin
8.2%
2024
11/30/2024
Revenue
35,477
Cost of Revenue
27,462
Gross Profit
8,014
Gross Margin
22.6%
Operating Income
4,805
Operating Margin
13.5%
Net Income
3,933
Net Margin
11.1%
EPS (Basic)
$14.31
EPS (Diluted)
$14.31
EBITDA
5,319
EBITDA Margin
15.0%
2023
11/30/2023
Revenue
34,288
Cost of Revenue
26,061
Gross Profit
8,227
Gross Margin
24.0%
Operating Income
5,421
Operating Margin
15.8%
Net Income
3,939
Net Margin
11.5%
EPS (Basic)
$13.73
EPS (Diluted)
$13.73
EBITDA
5,328
EBITDA Margin
15.5%
2022
11/30/2022
Revenue
33,710
Cost of Revenue
24,505
Gross Profit
9,205
Gross Margin
27.3%
Operating Income
6,760
Operating Margin
20.1%
Net Income
4,614
Net Margin
13.7%
EPS (Basic)
$15.74
EPS (Diluted)
$15.72
EBITDA
6,121
EBITDA Margin
18.2%
2021
11/30/2021
Revenue
27,142
Cost of Revenue
19,797
Gross Profit
7,345
Gross Margin
27.1%
Operating Income
5,090
Operating Margin
18.8%
Net Income
4,430
Net Margin
16.3%
EPS (Basic)
$14.28
EPS (Diluted)
$14.27
EBITDA
5,925
EBITDA Margin
21.8%