Lennar Corp /NEW/ balance sheet LEN

Annual Quarterly

As of May 31, 2026, Lennar Corp /NEW/ had total assets of $33.7 billion and total liabilities of $11.9 billion. Total assets were down 2.0% from a year earlier. Stockholders' equity was $21.6 billion. It held $2.2 billion in cash and investments against $233.8 million of total debt, net cash of $1.9 billion.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 May 31, 2026	FY 2025 Nov 30, 2025	FY 2024 Nov 30, 2024	FY 2023 Nov 30, 2023	FY 2022 Nov 30, 2022	FY 2021 Nov 30, 2021	FY 2020 Nov 30, 2020	FY 2019 Nov 30, 2019	FY 2018 Nov 30, 2018	FY 2017 Nov 30, 2017	FY 2016 Nov 30, 2016
Assets
Cash	2,174 +47.0%	3,756	—	—	—	—	2,863	—	1,558 -41.2%	2,651 +99.4%	1,330 +14.8%
Cash and investments	2,174 +47.0%	3,795	—	—	—	—	2,917	—	1,558 -41.2%	2,651 +99.4%	1,330 +14.8%
Property and equipment, net	—	643 +24.5%	516 +27.5%	405 +14.0%	355 +4.5%	340 -17.4%	412 +47.2%	280 -12.6%	320 +48.7%	215 +23.9%	174 +50.2%
Goodwill	—	3,632	—	—	—	—	3,632	—	—	—	—
Total assets	33,701 -2.0%	34,430 -16.7%	41,313 +5.3%	39,234 +3.3%	37,984 +14.4%	33,208 +10.9%	29,935 +2.0%	29,360 +2.8%	28,566 +52.4%	18,745 +22.0%	15,362 +6.5%
Liabilities and equity
Total liabilities	11,936 +2.5%	12,290 -7.5%	13,292 +6.1%	12,532 -8.8%	13,744 +12.5%	12,211 +3.2%	11,836 -11.2%	13,326 -4.0%	13,883 +29.0%	10,759 +32.0%	8,150 -3.8%
Stockholders' equity	21,621 -4.2%	21,959 -21.2%	27,870 +4.9%	26,581 +10.3%	24,100 +15.8%	20,816 +15.7%	17,995 +12.8%	15,950 +9.4%	14,582 +85.2%	7,872 +12.0%	7,026 +24.4%
Debt
Long-term debt	—	5,875	—	—	—	—	7,422	—	—	—	—
Lease liabilities	234 -12.2%	264 +0.8%	262 +69.9%	154 -2.9%	159 -2.9%	164 +33.1%	123	—	—	—	—
Total debt	234 -12.2%	6,139 +2242.1%	262 +69.9%	154 -2.9%	159 -2.9%	164 -97.8%	7,544	—	—	—	—
Net cash	1,940 +60.0%	-2,344	—	—	—	—	-4,628	—	—	—	—
Ratios
Debt to equity	0.01x	0.28x	0.01x	0.01x	0.01x	0.01x	0.42x	—	—	—	—
Return on equity	7.47%	9.46%	14.11%	14.82%	19.15%	21.28%	13.70%	11.59%	11.63%	10.30%	12.98%
Return on assets	4.79%	6.04%	9.52%	10.04%	12.15%	13.34%	8.23%	6.30%	5.94%	4.32%	5.94%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: General Bldg Contractors - Residential Bldgs (SIC 1520)
Listed as: LEN (NYSE), LEN-B (NYSE)
Fiscal year ends: November 30
Incorporated in: DE
Headquarters: Miami, FL
SEC filer status: Large accelerated filer
SEC CIK: 920760
Former names: PACIFIC GREYSTONE CORP /DE/ (until Sep 26, 1997)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.