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What changed in Lennar Corp /New/'s latest annual report

In the year ended 30 Nov 2025, Lennar Corp /New/'s revenue fell 3.5% to USD 34.19bn, from USD 35.44bn; net income fell 47.2% to USD 2.08bn, from USD 3.93bn; long-term debt rose 40.2% to USD 5.87bn, from USD 4.19bn.

Year ended 30 Nov 2025. Source: 10-K filed 28 Jan 2026, read it on SEC EDGAR.

USD 35.44bn to USD 34.19bn

Revenue, down 3.5% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue35.44bn34.19bnDown 3.5%
Net income3.93bn2.08bnDown 47.2%
Total assets41.31bn34.43bnDown 16.7%
Total liabilities13.29bn12.29bnDown 7.5%
Long-term debt4.19bn5.87bnUp 40.2%
Cash and cash equivalents4.91bn3.76bnDown 23.5%
Shareholders' equity27.87bn21.96bnDown 21.2%

Questions people ask

Did Lennar Corp /New/'s revenue grow last year?

Revenue fell 3.5%, from USD 35.44bn to USD 34.19bn in the year ended 30 Nov 2025.

Is Lennar Corp /New/ profitable?

Yes. Net income was USD 2.08bn in the year ended 30 Nov 2025. The year before: USD 3.93bn.

How much cash and debt does Lennar Corp /New/ have?

At its latest year end (30 Nov 2025), Lennar Corp /New/ reported cash and cash equivalents of USD 3.76bn and long-term debt of USD 5.87bn.

Where do these numbers come from?

From Lennar Corp /New/'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Lennar Corp /New/ (LEN) 10-K: what changed year on year | LYNORIQ Insights