Lennar annual capital expenditures (capex)
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2025
Lennar Capital Expenditures (CapEx) Growth & History (LEN)
Lennar's capital expenditures (capex) was $188.6M for fiscal 2025.
View full Lennar company overviewLennar annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-11-30 | $188.6M | $17.1M | +9.99% |
| 2024 | 2024-11-30 | $171.5M | $71.7M | +71.85% |
| 2023 | 2023-11-30 | $99.8M | $42.6M | +74.43% |
| 2022 | 2022-11-30 | $57.2M | −$8.0M | −12.21% |
| 2021 | 2021-11-30 | $65.2M | −$7.6M | −10.42% |
| 2020 | 2020-11-30 | $72.8M | −$13.7M | −15.89% |
| 2019 | 2019-11-30 | $86.5M | −$43.9M | −33.69% |
| 2018 | 2018-11-30 | $130.4M | $18.7M | +16.70% |
| 2017 | 2017-11-30 | $111.8M | $35.3M | +46.23% |
| 2016 | 2016-11-30 | $76.4M | −$14.9M | −16.33% |
| 2015 | 2015-11-30 | $91.4M | $68.8M | +304.24% |
| 2014 | 2014-11-30 | $22.6M | — | — |
Lennar quarterly capital expenditures (capex)
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Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-05-31 | $18.9M | $3.6M | +23.92% |
| Q1 2026 | 2026-02-28 | $30.0M | −$26.1M | −46.48% |
| Q4 2025 | 2025-11-30 | $85.2M | $43.8M | +105.98% |
| Q3 2025 | 2025-08-31 | $32.2M | $13.8M | +74.76% |
| Q2 2025 | 2025-05-31 | $15.2M | −$23.6M | −60.79% |
| Q1 2025 | 2025-02-28 | $56.0M | −$16.9M | −23.15% |
| Q4 2024 | 2024-11-30 | $41.4M | −$4.8M | −10.44% |
| Q3 2024 | 2024-08-31 | $18.4M | −$3.9M | −17.62% |
| Q2 2024 | 2024-05-31 | $38.8M | $13.0M | +50.16% |
| Q1 2024 | 2024-02-29 | $72.9M | $67.5M | +1244.74% |
| Q4 2023 | 2023-11-30 | $46.2M | $16.5M | +55.62% |
| Q3 2023 | 2023-08-31 | $22.3M | $5.7M | +34.04% |
| Q2 2023 | 2023-05-31 | $25.8M | $20.8M | +408.16% |
| Q1 2023 | 2023-02-28 | $5.4M | −$357,000 | −6.18% |
| Q4 2022 | 2022-11-30 | $29.7M | $4.5M | +17.66% |
| Q3 2022 | 2022-08-31 | $16.7M | $1.1M | +6.89% |
| Q2 2022 | 2022-05-31 | $5.1M | −$10.7M | −67.80% |
| Q1 2022 | 2022-02-28 | $5.8M | −$2.8M | −32.48% |
| Q4 2021 | 2021-11-30 | $25.2M | −$4.7M | −15.62% |
| Q3 2021 | 2021-08-31 | $15.6M | −$1.5M | −8.95% |
| Q2 2021 | 2021-05-31 | $15.8M | $8.0M | +101.90% |
| Q1 2021 | 2021-02-28 | $8.6M | −$9.3M | −52.20% |
| Q4 2020 | 2020-11-30 | $29.9M | $13.0M | +76.48% |
| Q3 2020 | 2020-08-31 | $17.1M | −$4.7M | −21.41% |
| Q2 2020 | 2020-05-31 | $7.8M | −$12.5M | −61.60% |
| Q1 2020 | 2020-02-29 | $17.9M | −$9.5M | −34.63% |
| Q4 2019 | 2019-11-30 | $16.9M | −$32.0M | −65.39% |
| Q3 2019 | 2019-08-31 | $21.8M | −$767,000 | −3.40% |
| Q2 2019 | 2019-05-31 | $20.4M | $2.2M | +12.39% |
| Q1 2019 | 2019-02-28 | $27.4M | −$13.4M | −32.87% |
| Q4 2018 | 2018-11-30 | $48.9M | $4.3M | +9.58% |
| Q3 2018 | 2018-08-31 | $22.6M | $2.5M | +12.43% |
| Q2 2018 | 2018-05-31 | $18.1M | −$3.1M | −14.74% |
| Q1 2018 | 2018-02-28 | $40.8M | $15.0M | +58.27% |
| Q4 2017 | 2017-11-30 | $44.7M | $23.1M | +106.86% |
| Q3 2017 | 2017-08-31 | $20.1M | $4.4M | +28.36% |
| Q2 2017 | 2017-05-31 | $21.3M | $495,000 | +2.38% |
| Q1 2017 | 2017-02-28 | $25.8M | $7.3M | +39.73% |
| Q4 2016 | 2016-11-30 | $21.6M | — | — |
| Q3 2016 | 2016-08-31 | $15.6M | $5.4M | +53.32% |
| Q2 2016 | 2016-05-31 | $20.8M | — | — |
| Q1 2016 | 2016-02-29 | $18.5M | — | — |
| Q3 2015 | 2015-08-31 | $10.2M | — | — |
Lennar capital expenditures (capex) trends
Over the last five fiscal years, Lennar's capital expenditures (capex) increased from $72.8M to $188.6M, a change of $115.9M. The latest reported quarter, Q2 2026, shows $18.9M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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