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Lennar LEN Net Income

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Other financials

Income statement

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Revenue$7.9B-5.2%
EPS (diluted)$2.57+24.8%

Balance sheet

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Cash & equivalents$2.2B+47.0%
Total debt$233.8M-12.2%
Total equity$21.6B-4.2%
Total assets$33.7B-2.0%

Cash flow

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Operating cash flow-$284.4M+74.0%
CapEx$18.9M+23.9%
Free cash flow-$303.2M+72.7%

Valuation

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Market cap$20.99B-39.2%
Enterprise value$19.05B-42.8%
P/E13×+2.4×
P/S0.6×-0.3×

Profitability

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Net margin4.9%-4.3pp
FCF margin2.2%+1.4pp

Returns & leverage

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Return on equity7.3%-5.9pp
Debt / equity0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Lennar’s 10-Q, filed June 29, 2026.

Filed
Jun 29, 2026, 4:38 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-046019
Line itemThree Months Ended / May 31, 2026Three Months Ended / May 31, 2025Six Months Ended / May 31, 2026Six Months Ended / May 31, 2025
Provision for income taxes(105,058)(160,061)(174,150)(329,586)
Net earnings (including net earnings attributable to noncontrolling interests)308,129481,820541,4901,010,533
Less: Net earnings attributable to noncontrolling interests3,3574,3717,33513,558
Net earnings attributable to Lennar$304,772477,449534,155996,975
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on securities available-for-sale$70(1,332)(335)(1,510)
Total other comprehensive income (loss), net of tax$70(1,332)(335)(1,510)
Total comprehensive income attributable to Lennar$304,842476,117533,820995,465

Item 1. Financial Statements

FAQ

What is Lennar's net income?
Lennar (LEN) reported net income of $304.77M in Q1 2026.
How has Lennar's net income changed year-over-year?
Lennar's net income decreased by 36.2% year-over-year, from $477.45M to $304.77M.
What is the long-term trend for Lennar's net income?
Over 4 years (2021 to 2025), Lennar's net income has grown at a -17.2% compound annual growth rate (CAGR), from $4.43B to $2.08B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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