# LENNAR CORP /NEW/ (LEN) · Edgar & Edgarette company card

> Lennar Corp /New (LEN) saw revenue fall 3.5% in FY2025 to $34.2 billion, equity 63.8% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 920760 · fiscal year ended 2025-11-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/LEN) · [JSON](https://www.pops4.com/boards/company/LEN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $34.2B |
| Revenue growth, 1 year | -3.5% |
| Revenue growth per year | 5.9% |
| Operating margin | — |
| Net margin | 6.2% |
| Operating cash flow | $217M |
| Capital spending | $189M |
| Free cash flow | $28M |
| Cash | $3.8B |
| Long-term debt | $5.9B |
| Total assets | $34.4B |
| Total equity | $22.0B |
| Equity ÷ assets | 63.8% |
| Return on equity | 9.6% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $34.2B (FY2025), total debt $5.9B. Experience: revenue down 3.5% on the year, up 5.9% a year over 4 years. Soundness: equity 63.8% of assets, return on equity 9.6%, payout 24.7% of profit. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $28.7B and $36.8B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $25.8B to $40.6B. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, its industry group): growth -3.5% against -1.9%.

Range logged 2026-09-26, receipt 8d063aa3d6981dd0, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 2, latest 2026-06-08 ([filing](https://www.sec.gov/Archives/edgar/data/920760/000162828026041334/0001628280-26-041334-index.htm))

## Recent filings

- 8-K · filed 2026-10-29 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/920760/000119312526437818/0001193125-26-437818-index.htm)
- 8-K · filed 2026-10-15 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/920760/000119312526422909/0001193125-26-422909-index.htm)
- 10-Q · filed 2026-10-02 · [filing](https://www.sec.gov/Archives/edgar/data/920760/000162828026064557/0001628280-26-064557-index.htm)
- 8-K · filed 2026-09-16 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/920760/000162828026062287/0001628280-26-062287-index.htm)
- 10-Q · filed 2026-06-29 · [filing](https://www.sec.gov/Archives/edgar/data/920760/000162828026046019/0001628280-26-046019-index.htm)
- 8-K · filed 2026-06-12 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/920760/000119312526268580/0001193125-26-268580-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000920760.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=920760

## Cite

POPS4, Edgar & Edgarette: LENNAR CORP /NEW/ (LEN) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/LEN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.