Lennar's revenue has contracted for six consecutive quarters, with Q3 2026 revenue of $8.0 billion down 8.7% year-over-year, suggesting persistent demand headwinds despite its Everything's Included model.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Lennar's Q3 2026 revenue of $8.0 billion, down 8.7% year-over-year, and operating margin of 5.7% suggest sustained contraction and margin pressure from reliance on sales incentives, with EPS declining 48% year-over-year to $1.19.
Lennar is the leading homebuilder of new homes in the nation's most desirable real estate markets, offering everything included in their homes.
Lennar has investments in multifamily and single-family rental properties, luxury development, and property technology through LenX, alongside financial services.
Lennar's affiliated lender provides a streamlined experience for new construction homes, having helped over 56,000 families in 2025 alone.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Sep 16, 2026 | $1.23-3.9% vs $1.28 | $8.0B-3.8% vs $8.3B |
Q3 2026 Jun 11, 2026 | $1.24+0.0% vs $1.24 | $7.9B-1.8% vs $8.1B |
Q2 2026 Mar 12, 2026 | $0.93-2.4% vs $0.95 | $6.6B-3.2% vs $6.8B |
Q4 2025 Dec 16, 2025 | $1.93-12.7% vs $2.21 | $9.4B+4.1% vs $9.0B |
Builder sentiment just hit its lowest point in over a decade, and the pain is now rippling through the companies that supply them. What Whirlpool revealed after the bell signals how bad things could get for the broader housing trade.
Valuations seemed much more favorable for international property companies, particularly in comparison to some of the larger U.S. companies involved with senior housing and data centers. Along these lines, the Fund initiated positions in the common stock of Scentre Group and Home Depot during the quarter. Third Avenue Real Estate Value Fund trimmed back WESCO and Freddie Mac preferred, exited D.R. Horton, and extended its British Pound and Hong Kong Dollar hedges for portfolio management purposes.
Morningstar and Charles Schwab released rate forecasts on the same day and reached opposite conclusions, and which firm is right will determine whether your next mortgage payment goes up or down before 2028.
On October 22, 2026, Lennar Corp (LEN) shares rose 8.7% to a current price of $84.45, reflecting a strong upward movement in a challenging market. The stock has
Benchmark LEN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Lennar Corporation (LEN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $88.74 | $22.03B | 16.09 | -3.54% | 4.1% | 5.99% | 2.28% | |
| $152.28 | $42.59B | 14.65 | -3.52% | 8.74% | 11.93% | 1.18% | |
| $132.49 | $25.57B | 13.85 | -3.54% | 11.24% | 13.8% | 0.67% | |
| $6298.29 | $17B | 16.71 | -2.08% | 11.23% | 29.53% | — | |
| $152.56 | $14.26B | 12.17 | 1.11% | 11.14% | 14.21% | 0.64% | |
| $131.60 | $3.39B | 12.31 | -1.93% | 6.59% | 8.64% | — |
Lennar Corporation (LEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Lennar Corporation (LEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Sep 16, 2026·SEC
Jun 12, 2026·SEC
Jun 11, 2026·SEC
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Lennar Corporation (LEN) stock FAQ — growth, dividends, profitability & financials explained
Lennar Corporation (LEN) reported $31.97B in revenue over the trailing twelve months. Revenue was $34.19B in fiscal year 2025. That is 3182% more than the $1.04B of fiscal year 1996.
Lennar Corporation (LEN) revenue fell by 8.0% over the trailing twelve months, compared with the twelve months before.
Yes. Lennar Corporation (LEN) earned $1.31B in net income over the trailing twelve months (a 4.1% net margin).
Yes. Lennar Corporation (LEN) pays a dividend that yields 2.28% at the current price, a moderate yield.
Lennar Corporation (LEN) had a return on equity (ROE) of 6.0% over the trailing twelve months. That is below the market's typical 10-15%.
Lennar Corporation (LEN) generated $908.2M in free cash flow over the trailing twelve months.
