Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.9B | $12.6B | $20.6B | $22.3B | $22.5B | $27.1B | $33.7B | $34.2B | $35.4B | $34.2B |
| Revenue growth | — | 15.5% | 62.7% | 8.2% | 1.0% | 20.6% | 24.1% | 1.7% | 3.5% | -3.5% |
| Operating income | $1.56B | $1.48B | $2.46B | $2.78B | $3.48B | — | — | — | — | — |
| Operating margin | 14.3% | 11.7% | 12.0% | 12.5% | 15.5% | — | — | — | — | — |
| Net income | $912M | $810M | $1.70B | $1.85B | $2.47B | $4.43B | $4.61B | $3.94B | $3.93B | $2.08B |
| Net margin | 8.3% | 6.4% | 8.2% | 8.3% | 11.0% | 16.3% | 13.7% | 11.5% | 11.1% | 6.1% |
| EPS (diluted) | $3.86 | $3.38 | $5.44 | $5.74 | $7.85 | $14.27 | $15.72 | $13.73 | $14.31 | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $508M | $982M | $1.69B | $1.48B | $4.19B | $2.53B | $3.27B | $5.18B | $2.40B | $217M |
| Capital expenditures | $76.4M | $112M | $130M | $86.5M | $72.8M | $65.2M | $57.2M | $99.8M | $172M | $189M |
| Free cash flow | $431M | $871M | $1.56B | $1.40B | $4.12B | $2.47B | $3.21B | $5.08B | $2.23B | $28.2M |
| Share buybacks | $19.9M | $27.1M | $300M | $523M | $322M | $1.43B | $1.04B | $1.18B | $2.26B | $1.81B |
| Dividends paid | $35.3M | $37.6M | $49.2M | $51.5M | $195M | $310M | $438M | $431M | $549M | $521M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.33B | $2.65B | $1.56B | $1.45B | $2.86B | $2.96B | $4.82B | $6.57B | $4.91B | $3.76B |
| Total assets | $15.4B | $18.7B | $28.6B | $29.4B | $29.9B | $33.2B | $38.0B | $39.2B | $41.3B | $34.4B |
| Total liabilities | $8.15B | $10.8B | $13.9B | $13.3B | $11.8B | $12.2B | $13.7B | $12.5B | $13.3B | $12.3B |
| Long-term debt | — | — | — | $9.57B | $7.42B | — | — | — | $4.19B | $5.87B |
| Shareholders' equity | $7.03B | $7.87B | $14.6B | $15.9B | $18.0B | $20.8B | $24.1B | $26.6B | $27.9B | $22.0B |
| Retained earnings | $4.31B | $4.84B | $6.49B | $8.30B | $10.6B | $14.7B | $18.9B | $22.4B | $25.8B | $22.5B |
| Shares (wtd avg diluted) | 223M | 237M | 308M | 318M | 309M | 307M | 290M | 283M | 272M | 258M |
Every figure is extracted from LENNAR CORP /NEW/’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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