Lennar (LEN)
Builds U.S. homes through standardized plans, bundled features, and land-light community development.
$83.04
vs last close+4.96 (+6.35%)
In millions of USD, except per-share figures
| In millions | Q4 FY23Nov 2023 | Q1 FY24Feb 2024 | Q2 FY24May 2024 | Q3 FY24Aug 2024 | Q4 FY24Nov 2024 | Q1 FY25Feb 2025 | Q2 FY25May 2025 | Q3 FY25Aug 2025 | Q4 FY25Nov 2025 | Q1 FY26Feb 2026 | Q2 FY26May 2026 | Q3 FY26Aug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,968 | 7,313 | 8,766 | 9,416 | 9,947 | 7,632 | 8,378 | 8,810 | 9,368 | 6,619 | 7,940 | 8,046 |
| Cost of revenue | 8,234 | 6,238 | 7,370 | 7,944 | 8,391 | 6,770 | 7,573 | 7,918 | 8,539 | 6,229 | 7,449 | 6,714 |
| Gross profit | 2,735 | 1,075 | 1,395 | 1,472 | 1,556 | 861 | 804 | 893 | 829 | 391 | 490 | 1,333 |
| 824 | 157 | 157 | 165 | 170 | 147 | 156 | 171 | 162 | 158 | 142 | 873 | |
| 824 | 157 | 157 | 165 | 170 | 147 | 156 | 171 | 162 | 158 | 136 | 852 | |
| Selling & marketing | 688 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 136 | 157 | 157 | 165 | 170 | 147 | 156 | 171 | 162 | 158 | 136 | 852 |
| Other expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 21 |
| Operating income | 1,911 | 918 | 1,238 | 1,308 | 1,386 | 714 | 649 | 721 | 667 | 233 | 348 | 460 |
| −126 | 13 | 23 | 228 | 72 | −15 | −7 | 70 | 16 | 69 | 65 | −73 | |
| Interest expense | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 55 | 59 |
| Other non-operating income | −46 | −13 | −23 | −228 | −76 | 15 | 7 | −70 | −16 | −69 | −120 | 14 |
| Income before tax | 1,784 | 931 | 1,261 | 1,535 | 1,458 | 698 | 642 | 791 | 683 | 302 | 413 | 387 |
| Income tax expense | 417 | 211 | 300 | 348 | 358 | 170 | 160 | 191 | 185 | 69 | 105 | 102 |
| Net income from continuing operations | 1,367 | 720 | 961 | 1,187 | 1,100 | 529 | 482 | 600 | 498 | 233 | 308 | 285 |
| Net income | 1,361 | 719 | 954 | 1,163 | 1,096 | 520 | 477 | 591 | 490 | 229 | 308 | 284 |
| EPS, basic | $4.82 | $2.57 | $3.45 | $4.26 | $4.06 | $1.96 | $1.81 | $2.29 | $1.93 | $0.94 | $1.23 | $1.19 |
| EPS, diluted | $4.82 | $2.57 | $3.45 | $4.26 | $4.06 | $1.96 | $1.81 | $2.29 | $1.93 | $0.94 | $1.23 | $1.19 |
| Weighted average shares, basic | 279 | 277 | 274 | 270 | 267 | 263 | 262 | 256 | 252 | 244 | 243 | 238 |
| Weighted average shares, diluted | 279 | 277 | 274 | 270 | 267 | 263 | 262 | 256 | 252 | 244 | 243 | 238 |
| EBITDA | 1,985 | 958 | 1,290 | 1,565 | 1,493 | 730 | 676 | 825 | 718 | 336 | 468 | 446 |
| Depreciation & amortization | 29 | 27 | 29 | 29 | 30 | 31 | 34 | 34 | 35 | 33 | 0 | 0 |
| EBIT | 1,956 | 931 | 1,261 | 1,535 | 1,462 | 698 | 642 | 791 | 683 | 302 | 468 | 446 |