The Filings Report

Lennar Corporation Class A

LENNYSECIK 920760Consumer Cyclical / Homebuilding & Constructionfiscal year ends November69 quarters since 2009

Revenue, Q3 FY2026
$8.0B
−8.7% on Q3 FY2025
Net income
$284M
−52.0% on Q3 FY2025
Free cash flow
−$96M
+49.5% on Q3 FY2025
Diluted EPS
$1.19
−48.0% on Q3 FY2025
Revenue, TTM
$32.0B
trailing four quarters
Net margin, TTM
4.1%
net income $1.3B
Free cash flow, TTM
$811M
$937M less $126M capex
Cash and equivalents
—
long-term debt —, May 31, 2026
Shares, 12-month change
—
— shares, Aug 31, 2026
Buybacks, TTM
$993M
no yield
Dividends, TTM
$493M
no yield
Market value
—
at the close, buybacks

Latest quarter Q3 FY2026, filed October 2, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended August 31, 2026, Lennar Corporation Class A reported revenue of $8.0B, −8.7% on Q3 FY2025, and net income of $284M (−52.0%). Free cash flow, operating cash flow less capital expenditures, was −$96M (−$104M less −$8M). Diluted earnings per share were $1.19.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of October 2, 2026.

Revenue and net incomeRevenueNet income
$0$5B$10B$15BQ4'22, Revenue: $10.2BQ4'22, Net income: $1.3BQ4'22Q1'23, Revenue: $6.5BQ1'23, Net income: $597MQ1'23Q2'23, Revenue: $8.0BQ2'23, Net income: $872MQ2'23Q3'23, Revenue: $8.7BQ3'23, Net income: $1.1BQ3'23Q4'23, Revenue: $11.0BQ4'23, Net income: $1.4BQ4'23Q1'24, Revenue: $7.3BQ1'24, Net income: $719MQ1'24Q2'24, Revenue: $8.8BQ2'24, Net income: $954MQ2'24Q3'24, Revenue: $9.4BQ3'24, Net income: $1.2BQ3'24Q4'24, Revenue: $9.9BQ4'24, Net income: $1.1BQ4'24Q1'25, Revenue: $7.6BQ1'25, Net income: $520MQ1'25Q2'25, Revenue: $8.4BQ2'25, Net income: $477MQ2'25Q3'25, Revenue: $8.8BQ3'25, Net income: $591MQ3'25Q4'25, Revenue: $9.4BQ4'25, Net income: $490MQ4'25Q1'26, Revenue: $6.6BQ1'26, Net income: $229MQ1'26Q2'26, Revenue: $7.9BQ2'26, Net income: $305MQ2'26Q3'26, Revenue: $8.0BQ3'26, Net income: $284MQ3'26$0$5B$10B$15BQ4'22, Revenue: $10.2BQ4'22, Net income: $1.3BQ1'23, Revenue: $6.5BQ1'23, Net income: $597MQ1'23Q2'23, Revenue: $8.0BQ2'23, Net income: $872MQ3'23, Revenue: $8.7BQ3'23, Net income: $1.1BQ3'23Q4'23, Revenue: $11.0BQ4'23, Net income: $1.4BQ1'24, Revenue: $7.3BQ1'24, Net income: $719MQ1'24Q2'24, Revenue: $8.8BQ2'24, Net income: $954MQ3'24, Revenue: $9.4BQ3'24, Net income: $1.2BQ3'24Q4'24, Revenue: $9.9BQ4'24, Net income: $1.1BQ1'25, Revenue: $7.6BQ1'25, Net income: $520MQ1'25Q2'25, Revenue: $8.4BQ2'25, Net income: $477MQ3'25, Revenue: $8.8BQ3'25, Net income: $591MQ3'25Q4'25, Revenue: $9.4BQ4'25, Net income: $490MQ1'26, Revenue: $6.6BQ1'26, Net income: $229MQ1'26Q2'26, Revenue: $7.9BQ2'26, Net income: $305MQ3'26, Revenue: $8.0BQ3'26, Net income: $284MQ3'26

Net income losses drawn in red.

Free cash flow
−$2B−$1B$0$1B$2B$3BQ4'22, Free cash flow: $2.7BQ4'22Q1'23, Free cash flow: $973MQ1'23Q2'23, Free cash flow: $635MQ2'23Q3'23, Free cash flow: $930MQ3'23Q4'23, Free cash flow: $2.5BQ4'23Q1'24, Free cash flow: $295MQ1'24Q2'24, Free cash flow: $203MQ2'24Q3'24, Free cash flow: $801MQ3'24Q4'24, Free cash flow: $933MQ4'24Q1'25, Free cash flow: −$345MQ1'25Q2'25, Free cash flow: −$1.1BQ2'25Q3'25, Free cash flow: −$191MQ3'25Q4'25, Free cash flow: $1.7BQ4'25Q1'26, Free cash flow: −$463MQ1'26Q2'26, Free cash flow: −$303MQ2'26Q3'26, Free cash flow: −$96MQ3'26−$2B−$1B$0$1B$2B$3BQ4'22, Free cash flow: $2.7BQ1'23, Free cash flow: $973MQ1'23Q2'23, Free cash flow: $635MQ3'23, Free cash flow: $930MQ3'23Q4'23, Free cash flow: $2.5BQ1'24, Free cash flow: $295MQ1'24Q2'24, Free cash flow: $203MQ3'24, Free cash flow: $801MQ3'24Q4'24, Free cash flow: $933MQ1'25, Free cash flow: −$345MQ1'25Q2'25, Free cash flow: −$1.1BQ3'25, Free cash flow: −$191MQ3'25Q4'25, Free cash flow: $1.7BQ1'26, Free cash flow: −$463MQ1'26Q2'26, Free cash flow: −$303MQ3'26, Free cash flow: −$96MQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$2B$4B$6BQ4'22Q1'23Q2'23Q3'23Q4'23Q1'24Q2'24Q3'24Q4'24, Cash and equivalents: $4.9BQ4'24, Long-term debt: $4.2BQ4'24Q1'25Q2'25Q3'25Q4'25, Cash and equivalents: $3.8BQ4'25, Long-term debt: $5.9BQ4'25Q1'26Q2'26Q3'26$0$2B$4B$6BQ1'23Q3'23Q1'24Q3'24Q4'24, Cash and equivalents: $4.9BQ4'24, Long-term debt: $4.2BQ1'25Q3'25Q4'25, Cash and equivalents: $3.8BQ4'25, Long-term debt: $5.9BQ1'26Q3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed October 2, 2026.

Lennar Corporation Class A income statement, quarterly
Millions of dollarsQ3 FY2026ended Aug 31, 2026filed Oct 2, 2026Q2 FY2026ended May 31, 2026filed Jun 29, 2026Q1 FY2026ended Feb 28, 2026filed Apr 9, 2026Q4 FY2025ended Nov 30, 2025filed Jan 28, 2026Q3 FY2025ended Aug 31, 2025filed Oct 3, 2025Q2 FY2025ended May 31, 2025filed Jul 1, 2025Q1 FY2025ended Feb 28, 2025filed Apr 4, 2025Q4 FY2024ended Nov 30, 2024filed Jan 23, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue8,0467,9406,6199,3688,8108,3787,6329,947−8.7%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative7146986176976766896162,001+5.6%
Operating income—————————
Other income (expense)(23)48(106)(19)313269−19.0%
Pretax income3874133026837916426981,458−51.0%
Income tax10210569185191160170358−46.8%
Net income2843052294905914775201,096−52.0%
Diluted EPS ($)1.191.240.93—2.291.811.96—−48.0%
Diluted shares (millions)238241244—256260263——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed October 2, 2026.

Lennar Corporation Class A balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Aug 31, 2026filed Oct 2, 2026Q2 FY2026ended May 31, 2026filed Jun 29, 2026Q1 FY2026ended Feb 28, 2026filed Apr 9, 2026Q4 FY2025ended Nov 30, 2025filed Jan 28, 2026Q3 FY2025ended Aug 31, 2025filed Oct 3, 2025Q2 FY2025ended May 31, 2025filed Jul 1, 2025Q1 FY2025ended Feb 28, 2025filed Apr 4, 2025Q4 FY2024ended Nov 30, 2024filed Jan 23, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents———3,756———4,910—
Short-term investments—————————
Total current assets—————————
Total assets—33,70133,21034,43034,87834,37534,98641,313—
Total current liabilities—————————
Long-term debt———5,875———4,189—
Total liabilities—11,93611,17812,29012,12711,64312,11913,292—
Stockholders’ equity21,55921,62121,87921,95922,57022,57922,72827,870−4.5%
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed October 2, 2026.

Lennar Corporation Class A cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Aug 31, 2026filed Oct 2, 2026Q2 FY2026ended May 31, 2026filed Jun 29, 2026Q1 FY2026ended Feb 28, 2026filed Apr 9, 2026Q4 FY2025ended Nov 30, 2025filed Jan 28, 2026Q3 FY2025ended Aug 31, 2025filed Oct 3, 2025Q2 FY2025ended May 31, 2025filed Jul 1, 2025Q1 FY2025ended Feb 28, 2025filed Apr 4, 2025Q4 FY2024ended Nov 30, 2024filed Jan 23, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow(104)(284)(434)1,759(159)(1,095)(289)975+34.2%
Capital expenditures(8)19308532155641−124.9%
Free cash flow (CFO − capex)(96)(303)(463)1,674(191)(1,110)(345)933+49.5%
Depreciation and amortization3635333534343130+5.1%
Share repurchases2564672700512521774527−50.1%
Dividends paid119123123127129134132135−7.5%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed January 28, 2026.

Income statement

Lennar Corporation Class A income statement, annual
Millions of dollarsFY2025ended Nov 30, 2025filed Jan 28, 2026FY2024ended Nov 30, 2024filed Jan 23, 2025FY2023ended Nov 30, 2023filed Jan 26, 2024FY2022ended Nov 30, 2022filed Jan 26, 2023FY2021ended Nov 30, 2021filed Jan 28, 2022FY2020ended Nov 30, 2020filed Jan 22, 2021FY2019ended Nov 30, 2019filed Jan 27, 2020FY2018ended Nov 30, 2018filed Jan 28, 2019FY2017ended Nov 30, 2017filed Jan 25, 2018FY2016ended Nov 30, 2016filed Jan 20, 2017FY2015ended Nov 30, 2015filed Jan 22, 2016FY2014ended Nov 30, 2014filed Jan 23, 2015FY2013ended Nov 30, 2013filed Jan 28, 2014FY2012ended Nov 30, 2012filed Jan 29, 2013FY2011ended Nov 30, 2011filed Jan 30, 2012FY2010ended Nov 30, 2010filed Jan 31, 2011FY2009ended Nov 30, 2009filed Oct 8, 2010FY2008ended Nov 30, 2008filed Oct 8, 2010
Revenue34,18735,44134,23333,67127,13122,48922,26020,57212,64610,9509,4747,7805,9354,1053,0953,0743,1194,575
Cost of revenue——————————————————
Gross profit——————————————————
Research and development——————————————————
Selling, general and administrative2,6782,4802,231—3983333213442862332161771461279594118130
Operating income—————3,4822,7752,4631,4761,5631,4261,147828349193189(643)—
Other income (expense)(62)22631(15)181—————————————
Pretax income2,8145,1855,2026,0155,8193,1242,4342,2631,1901,3301,2109706822229895(760)—
Income tax7061,2171,2411,3661,363656592545418417390341177(435)(15)(26)(314)548
Net income2,0783,9333,9394,6144,4302,4651,8491,6968109128036394806799295(417)(1,109)
Diluted EPS ($)—14.3113.7315.7213.81*7.60*5.56*5.27*3.27*3.74*3.28*2.67*2.05*2.96*0.46*0.49*(2.33)*(6.67)*
Diluted shares (millions)—272283290317*320*329*319*245*243*243*240*237*230*205*198*179*—

Balance sheet

Lennar Corporation Class A balance sheet, annual
Millions of dollarsFY2025ended Nov 30, 2025filed Jan 28, 2026FY2024ended Nov 30, 2024filed Jan 23, 2025FY2023ended Nov 30, 2023filed Jan 26, 2024FY2022ended Nov 30, 2022filed Jan 26, 2023FY2021ended Nov 30, 2021filed Jan 28, 2022FY2020ended Nov 30, 2020filed Jan 22, 2021FY2019ended Nov 30, 2019filed Jan 27, 2020FY2018ended Nov 30, 2018filed Jan 28, 2019FY2017ended Nov 30, 2017filed Jan 25, 2018FY2016ended Nov 30, 2016filed Jan 20, 2017FY2015ended Nov 30, 2015filed Jan 22, 2016FY2014ended Nov 30, 2014filed Jan 23, 2015FY2013ended Nov 30, 2013filed Jan 28, 2014FY2012ended Nov 30, 2012filed Jan 29, 2013FY2011ended Nov 30, 2011filed Jan 30, 2012FY2010ended Nov 30, 2010filed Jan 31, 2011FY2009ended Nov 30, 2009filed Oct 8, 2010FY2008ended Nov 30, 2008filed Oct 8, 2010
Cash and equivalents3,7564,910———2,8631,4461,5582,6511,3301,1581,2829711,3111,1641,3941,4571,203
Short-term investments——————————————————
Total current assets——————————————————
Total assets34,43041,31339,23437,98433,20829,93529,36028,56618,74515,36214,42012,92311,24010,3629,1558,7887,315—
Total current liabilities——————————————————
Long-term debt5,8754,189———7,4229,574———————————
Total liabilities12,29013,29212,53213,74412,21111,83613,32613,88310,7598,1508,4697,6726,6466,3615,8515,5934,727—
Stockholders’ equity21,95927,87026,58124,10120,81617,99515,95014,5827,8727,0265,6494,8274,1693,4152,6962,6092,443—
Shares outstanding (millions)——————————————————

Cash flow statement

Lennar Corporation Class A cash flow statement, annual
Millions of dollarsFY2025ended Nov 30, 2025filed Jan 28, 2026FY2024ended Nov 30, 2024filed Jan 23, 2025FY2023ended Nov 30, 2023filed Jan 26, 2024FY2022ended Nov 30, 2022filed Jan 26, 2023FY2021ended Nov 30, 2021filed Jan 28, 2022FY2020ended Nov 30, 2020filed Jan 22, 2021FY2019ended Nov 30, 2019filed Jan 27, 2020FY2018ended Nov 30, 2018filed Jan 28, 2019FY2017ended Nov 30, 2017filed Jan 25, 2018FY2016ended Nov 30, 2016filed Jan 20, 2017FY2015ended Nov 30, 2015filed Jan 22, 2016FY2014ended Nov 30, 2014filed Jan 23, 2015FY2013ended Nov 30, 2013filed Jan 28, 2014FY2012ended Nov 30, 2012filed Jan 29, 2013FY2011ended Nov 30, 2011filed Jan 30, 2012FY2010ended Nov 30, 2010filed Jan 31, 2011FY2009ended Nov 30, 2009filed Oct 8, 2010FY2008ended Nov 30, 2008filed Oct 8, 2010
Operating cash flow2172,4035,1803,2662,5334,1911,4821,692982508(420)(788)(808)(425)(259)2744211,101
Capital expenditures18917210057657386130112769123——————
Free cash flow (CFO − capex)282,2325,0803,2082,4684,1181,3961,561871431(511)(811)——————
Depreciation and amortization134116110878695929166504439302822142032
Share repurchases1,8082,2561,1831,0391,4303225233002720232012176222
Dividends paid521549431438310195514938353333313030302883

Insider activity

Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$595M
45 purchases by 1 insider; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$595M
45 purchases by 1 insider; officers and directors $0
Sold, twelve months
$0
0 sales by 0 insiders; officers and directors $0

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 7, 2026Olivera Armando JDirectoraward24$76.13$2K23,371Oct 8, 2026
Oct 7, 2026Sonnenfeld JeffreyDirectoraward21$76.13$2K28,209Oct 8, 2026
Oct 7, 2026Hudson Sherrill WDirectoraward15$76.13$1K38,308Oct 8, 2026
Oct 7, 2026Smith DaconaDirectoraward15$76.13$1K6,292Oct 8, 2026
Oct 7, 2026Wolfe SerenaDirectoraward15$76.13$1K6,362Oct 8, 2026
Oct 7, 2026Gilliam Theron IDirectoraward15$76.13$1K36,838Oct 8, 2026
Oct 7, 2026McClure Teri PDirectoraward15$76.13$1K32,013Oct 8, 2026
Oct 7, 2026Banse AmyDirectoraward15$76.13$1K16,977Oct 8, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect448,113$78.37$35M27MOct 5, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect342,553$79.03$27M28MOct 5, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect842,753$80.04$67M28MOct 5, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect44,300$81.14$4M28MOct 5, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect20,200$81.90$2M28MOct 5, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect2,290$77.12$177K560,142Oct 5, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect2,452$77.93$191K562,594Oct 5, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect5,135$78.77$404K567,729Oct 5, 2026
Oct 2, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect299$79.74$24K568,028Oct 5, 2026
Oct 1, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect425,869$79.49$34M26MOct 5, 2026
Oct 1, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect92,830$80.57$7M27MOct 5, 2026
Oct 1, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect186,991$81.46$15M27MOct 5, 2026
Oct 1, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect3,802$78.26$298K556,802Oct 5, 2026
Oct 1, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect950$79.51$76K557,752Oct 5, 2026
Oct 1, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect100$80.00$8K557,852Oct 5, 2026
Sep 30, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect638,813$81.59$52M26MSep 30, 2026
Sep 30, 2026Berkshire Hathaway INC+1 more10% owneropen-market buyindirect4,008$79.98$321K553,000Sep 30, 2026

Full insider history for Lennar Corporation Class A, or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held LEN in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded LEN by quarter.

FundManagerQuarterValueSharesWeightMove
Berkshire HathawayWarren BuffettQ2 2026$1.2B13M0.40%added +29.8%

Sources

Fiscal year ends in month 11; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
LENNAR CORP /NEW/, CIK 920760 on EDGAR
Extract generated
November 1, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: GrossProfit
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense, SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): not filed

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAmortizationAndAccretionNet, DepreciationAndAmortization, DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 1, 2026.

JSON file
/data/financials/LEN.json