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LENNAR CORP /NEW/

LISTEDNYSE

SYMBOLLEN

SIC1520

STATE OF INC.DE

FISCAL YEAR ENDSNovember 30

CIK920760

GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 11/30/25

($ millions)	Amount	%
Total debt	5,875	21.1
Stockholders' equity	21,959	78.9
Total capitalization	27,834	100.0

LONG-TERM DEBT 11/30/25

($ millions)	Amount
Long-term debt, incl. current maturities	5,875

CAPITAL STOCK 11/30/25

Preferred stock ($ millions)

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	–	–
2024	–	–
2023	–	–
2022	–	–
2021	–	–

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as PACIFIC GREYSTONE CORP /DE/ (to 26 September 1997).

BUSINESS: Classified by the SEC under Standard Industrial Classification 1520, General Bldg Contractors - Residential Bldgs. Large accelerated filer. Principal executive office: 5505 Waterford District Drive, Miami, FL 33126. Fiscal year ends November 30. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	11/30/25	11/30/24	11/30/23
Revenues	34,187	35,441	34,233
Selling, general and administrative	2,678	2,480	2,231
Depreciation and amortization	134	116	110
Income before income taxes	2,814	5,185	5,202
Income taxes	706	1,217	1,241
Net income	2,078	3,933	3,939
Earned per share, diluted ($)	7.98	14.31	13.73
Dividends per share ($)	–	–	–

CONSOLIDATED BALANCE SHEET

($ millions)	11/30/25	11/30/24
Cash and equivalents	3,756	4,910
Property, plant and equipment, net	643	516
Goodwill	3,632	3,632
Total assets	34,430	41,313
Total liabilities	12,290	13,292
Stockholders' equity	21,959	27,870
Total liabilities and equity	34,430	41,313

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
11/30/25	34,187	–	2,078	6.1	7.98	–	217	189	28	34,430	12,290	5,875	21,959	9.5	0.27
11/30/24	35,441	–	3,933	11.1	14.31	–	2,403	172	2,232	41,313	13,292	4,189	27,870	14.1	0.15
11/30/23	34,233	–	3,939	11.5	13.73	–	5,180	100	5,080	39,234	12,532	–	26,581	14.8	–
11/30/22	33,671	–	4,614	13.7	15.72	–	3,266	57	3,208	37,984	13,744	–	24,100	19.1	–
11/30/21	27,131	–	4,430	16.3	14.27	–	2,533	65	2,468	33,208	12,211	–	20,816	21.3	–
11/30/20	22,489	3,482	2,465	11.0	7.85	–	4,191	73	4,118	29,935	11,836	7,422	17,995	13.7	0.41
11/30/19	22,260	2,775	1,849	8.3	5.74	–	1,482	86	1,396	29,360	13,326	9,574	15,950	11.6	0.60
11/30/18	20,572	2,463	1,696	8.2	5.44	–	1,692	130	1,561	28,566	13,883	–	14,582	11.6	–
11/30/17	12,646	1,476	810	6.4	3.38	–	982	112	871	18,745	10,759	–	7,872	10.3	–
11/30/16	10,950	1,563	912	8.3	3.86	–	508	76	431	15,362	8,150	–	7,026	13.0	–

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

LENNAR CORP /NEW/
CIK 920760 · EIN 95-4337490

PRINCIPAL OFFICE:

5505 Waterford District Drive, Miami, FL 33126
Tel.: 3055594000

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

1520 · General Bldg Contractors - Residential Bldgs

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 11/30/25, filed 28 January 2026

FORMER NAMES:

PACIFIC GREYSTONE CORP /DE/

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

10/2/26	10-Q	period 8/31/26
9/16/26	8-K	period 9/16/26
6/29/26	10-Q	period 5/31/26
6/12/26	8-K	period 6/12/26
6/11/26	8-K	period 6/11/26
6/8/26	8-K	period 6/5/26
4/13/26	8-K	period 4/8/26
4/9/26	10-Q	period 2/28/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 1/28/26) · 10-K FY2024 (filed 1/23/25) · 10-K FY2023 (filed 1/26/24) · 10-K FY2022 (filed 1/26/23) · 10-K FY2021 (filed 1/28/22) · 10-K FY2020 (filed 1/22/21) · 10-K FY2019 (filed 1/27/20) · 10-K FY2018 (filed 1/28/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.