Lennar (LEN) 10-K Summary — Year Ended Nov 30, 2023
Lennar Corporation filed its annual report for the most recent fiscal year. The filing details the company's business, risk factors, and financial condition.
Key takeaway
Year ended Nov 30, 2023 · FY2025 10-K
Lennar Corporation filed its annual report for the most recent fiscal year. The filing details the company's business, risk factors, and financial condition.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$34.2B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$3.9B
Net income reported for the year.
Operating cash flow
$5.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Nov 30, 2021 | $27.1B | n/a |
| Nov 30, 2022 | $33.7B | +24.1% |
| Nov 30, 2023 | $34.2B | +1.7% |
Business overview
Lennar Corporation's business is described in the Business Overview section of the filing. The section outlines the company's operations and market presence.
Financial performance
The company's revenue increased compared to the prior year. Net income and operating cash flow were reported as positive figures for the period.
Material risks
The filing includes a Risk Factors section that identifies various uncertainties the company faces. These risks may affect future performance and financial condition.
Liquidity and capital
The company generated positive operating cash flow during the period. This supports its liquidity and ongoing capital needs.
What to watch
Future revenue growth trends and management's outlook for the upcoming fiscal year should be closely monitored.