Lennar Income Statement
LEN / Consumer Discretionary|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
Lennar reported $34.2B in revenue and $2.1B in net income for FY2025. Revenue has grown at a 18.7% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.2B | $35.4B | $34.2B | $33.7B | $27.1B | $22.5B | $22.3B | $20.6B | $12.6B | $10.9B | $9.5B | $7.8B | $5.9B | $4.1B | $3.1B |
| Gross Profit | - | - | - | - | - | - | $726.1M | $516.6M | $419.2M | $398.9M | - | - | - | - | - |
| SG&A Expense | $2.7B | $2.5B | $2.2B | - | $398.4M | $333.4M | $321.2M | $343.9M | $285.9M | $232.6M | $216.2M | $177.2M | $146.1M | $127.3M | $95.3M |
| Operating Income | - | - | - | - | - | $3.5B | $2.8B | $2.5B | $1.5B | $1.6B | $1.4B | $1.1B | $828.0M | $349.5M | $193.2M |
| Interest Expense | - | - | - | - | - | - | - | - | - | $4.6M | $12.5M | $36.6M | $214.3M | $181.4M | $163.0M |
| Income Tax | $705.6M | $1.2B | $1.2B | $1.4B | $1.4B | $656.2M | $592.2M | $545.2M | $417.9M | $417.4M | $390.4M | $341.1M | $177.0M | -$435.2M | -$14.6M |
| Net Income | $2.1B | $3.9B | $3.9B | $4.6B | $4.4B | $2.5B | $1.8B | $1.7B | $810.5M | $911.8M | $802.9M | $638.9M | $479.7M | $679.1M | $92.2M |
| EPS (Basic) | $13.73 | $15.74 | $14.28 | $15.74 | $5.76 | $5.46 | $3.38 | $4.05 | $3.78 | $3.12 | $2.48 | $3.58 | $0.49 | $0.51 | -$2.45 |
| EPS (Diluted) | - | $15.72 | $14.27 | $15.72 | $5.74 | $5.44 | $3.38 | $3.86 | $3.39 | $2.80 | $2.15 | $3.11 | $0.48 | $0.51 | -$2.45 |
| Shares Outstanding | - | 289.8M | 306.6M | 289.8M | 318.4M | 308.6M | 237.2M | 235.4M | 235.5M | 228.2M | 225.9M | 218.7M | 195.2M | 188.9M | 170.5K |
| Gross Margin | - | - | - | - | - | - | 3.3% | 2.5% | 3.3% | 3.6% | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | 15.5% | 12.5% | 12.0% | 11.7% | 14.3% | 15.0% | 14.7% | 14.0% | 8.5% | 6.2% |
| Profit Margin | 6.1% | 11.1% | 11.5% | 13.7% | 16.3% | 11.0% | 8.3% | 8.2% | 6.4% | 8.3% | 8.5% | 8.2% | 8.1% | 16.5% | 3.0% |