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Lennar Corporation(LEN)Earnings, Financials & Key Ratios
LEN•NYSE
11.2× P/E·Price updated Jun 19, 2026
AboutLennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.Show more
- Revenue$34.19B-3.5%
- EBITDA$2.88B-41.9%
- Net Income$2.08B-47.2%
- EPS (Diluted)7.98-44.2%
- Gross Margin9.91%-36.1%
- EBITDA Margin8.44%-39.8%
- Operating Margin8.05%-41.2%
- Net Margin6.08%-45.2%
- ROE8.29%-42.3%
LEN Key Insights
Lennar Corporation (LEN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Healthy dividend yield of 2.3%
- ✓Share count reduced 5.2% through buybacks
- ✓Healthy 5Y average net margin of 11.7%
- ✓Trading at only 1.0x book value
✗Weaknesses
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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LEN Price & Volume
Lennar Corporation (LEN) stock price & volume — 10-year historical chart
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LEN Growth Metrics
Lennar Corporation (LEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.69%
5 Years8.74%
3 Years0.51%
TTM-7.23%
Profit CAGR
10 Years9.98%
5 Years-3.36%
3 Years-23.35%
TTM-52.1%
EPS CAGR
10 Years8.94%
5 Years0.33%
3 Years-20.23%
TTM-49.24%
Return on Capital
10 Years13.22%
5 Years16.26%
3 Years13.45%
Last Year8.81%
LEN Recent Earnings
Lennar Corporation (LEN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (33%)●Beat Revenue 5/12 qtrs (56%)
Q3 2026Latest
Jun 11, 2026Metric
Actual
Est
EPS
$1.24+0.0%
$1.24
Rev
$7.9B-1.8%
$8.1B
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$0.93-2.4%
$0.95
Rev
$6.6B-3.2%
$6.8B
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$1.94
—
Rev
$9.4B
—
Q4 2025
Dec 16, 2025Metric
Actual
Est
EPS
$1.93-12.7%
$2.21
Rev
$9.4B+4.1%
$9.0B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 11, 2026 | $1.24vs $1.24+0.0% | $7.9Bvs $8.1B-1.8% |
| Q2 2026 | Mar 12, 2026 | $0.93vs $0.95-2.4% | $6.6Bvs $6.8B-3.2% |
| Q1 2026 | Jan 28, 2026 | $1.94 | $9.4B |
| Q4 2025 | Dec 16, 2025 | $1.93vs $2.21-12.7% | $9.4Bvs $9.0B+4.1% |
Based on last 12 quarters of dataView full earnings history →
LEN Peer Comparison
Lennar Corporation (LEN) competitors in Public single-family homebuilders — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 DHI | 45.72B | 157.81 | 13.64 | -6.93% | 9.51% | 12.94% | 0.24 | |
 PHM | 24.39B | 126.96 | 11.42 | -3.54% | 12.14% | 15.92% | 0.19 | |
 NVR | 18.03B | 6490.93 | 14.87 | -2.08% | 13.17% | 34.29% | 0.31 | |
 TOL | 14.74B | 155.67 | 11.54 | 1.11% | 11.66% | 15.47% | 0.35 | |
 MHO | 3.84B | 149.09 | 10.11 | -1.93% | 8.24% | 11.42% | 0.34 | |
 KBH | 3.42B | 54.20 | 8.81 | -10.01% | 6.88% | 10.8% | 0.44 | |
 TPH | 4B | 46.96 | 17.26 | -22.75% | 5.65% | 5.56% | 0.39 | |
 TMHC | 6.69B | 71.58 | 9.21 | -0.57% | 8.83% | 10.84% | 0.37 |
Compare LEN vs Peers
Lennar Corporation (LEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LEN Income Statement
Lennar Corporation (LEN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Nov'17 | Nov'18 | Nov'19 | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | Nov'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 12.65B | 20.57B | 22.26B | 22.49B | 27.13B | 33.67B | 34.23B | 35.44B | 34.19B | 33.17B |
Revenue Growth % | 15.49% | 62.67% | 8.21% | 1.03% | 20.64% | 24.11% | 1.67% | 3.53% | -3.54% | -7.23% |
Cost of Goods Sold | 11.02B | 18.24B | 19.46B | 19.01B | 21.59B | 26.47B | 28.29B | 29.94B | 30.8B | 30.26B |
COGS % of Revenue | 87.15% | 88.65% | 87.41% | 84.55% | 79.59% | 78.61% | 82.65% | 84.48% | 90.09% | - |
Gross Profit | 1.62B▲ 0% | 2.33B▲ 43.7% | 2.8B▲ 20.1% | 3.47B▲ 24.0% | 5.54B▲ 59.4% | 7.2B▲ 30.1% | 5.94B▼ 17.5% | 5.5B▼ 7.4% | 3.39B▼ 38.4% | 2.92B▲ 0% |
Gross Margin % | 12.85% | 11.35% | 12.59% | 15.45% | 20.41% | 21.39% | 17.35% | 15.52% | 9.91% | 8.79% |
Gross Profit Growth % | 8.69% | 43.65% | 20.05% | 23.97% | 59.37% | 30.08% | -17.51% | -7.44% | -38.4% | - |
Operating Expenses | 285.89M | 343.93M | 321.19M | 333.45M | 398.38M | 414.5M | 501.34M | 648.99M | 636.72M | 646.98M |
OpEx % of Revenue | 2.26% | 1.67% | 1.44% | 1.48% | 1.47% | 1.23% | 1.46% | 1.83% | 1.86% | - |
Selling, General & Admin | 285.89M | 343.93M | 321.19M | 333.45M | 398.38M | 414.5M | 501.34M | 648.99M | 636.72M | 646.98M |
SG&A % of Revenue | 2.26% | 1.67% | 1.44% | 1.48% | 1.47% | 1.23% | 1.46% | 1.83% | 1.86% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Income | 1.34B▲ 0% | 1.99B▲ 48.6% | 2.48B▲ 24.7% | 3.14B▲ 26.6% | 5.14B▲ 63.6% | 6.79B▲ 32.1% | 5.44B▼ 19.9% | 4.85B▼ 10.8% | 2.75B▼ 43.3% | 2.27B▲ 0% |
Operating Margin % | 10.59% | 9.67% | 11.15% | 13.97% | 18.94% | 20.16% | 15.89% | 13.68% | 8.05% | 6.84% |
Operating Income Growth % | 6.07% | 48.64% | 24.66% | 26.58% | 63.6% | 32.1% | -19.86% | -10.84% | -43.29% | - |
EBITDA | 1.41B | 2.08B | 2.57B | 3.24B | 5.22B | 6.87B | 5.55B | 4.97B | 2.88B | 2.41B |
EBITDA Margin % | 11.11% | 10.12% | 11.56% | 14.39% | 19.26% | 20.42% | 16.21% | 14.01% | 8.44% | 7.25% |
EBITDA Growth % | 7.07% | 48.11% | 23.63% | 25.72% | 61.48% | 31.59% | -19.27% | -10.53% | -41.9% | -49.51% |
D&A (Non-Cash Add-back) | 66.32M | 91.18M | 92.2M | 94.55M | 85.95M | 87.08M | 110.16M | 115.53M | 134.31M | 136.37M |
EBIT | 1.34B | 1.99B | 2.48B | 3.14B | 5.84B | 6.03B | 5.22B | 5.2B | 2.83B | 2.42B |
Net Interest Income | -7.16M | -11.26M | -17.62M | -22.4M | -20.14M | -19.13M | -15.43M | -18.77M | -13.87M | 0 |
Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense | 7.16M | 11.26M | 17.62M | 22.4M | 20.14M | 19.13M | 15.43M | 18.77M | 13.87M | 0 |
Other Income/Expense | -149.38M | 272.43M | -46.81M | -16.87M | 680.8M | -773.08M | -237.34M | 334.94M | 63.46M | 148.28M |
Pretax Income | 1.19B▲ 0% | 2.26B▲ 90.2% | 2.43B▲ 7.6% | 3.12B▲ 28.3% | 5.82B▲ 86.3% | 6.01B▲ 3.4% | 5.2B▼ 13.5% | 5.18B▼ 0.3% | 2.81B▼ 45.7% | 2.42B▲ 0% |
Pretax Margin % | 9.41% | 11% | 10.94% | 13.89% | 21.45% | 17.86% | 15.2% | 14.63% | 8.23% | 7.29% |
Income Tax | 417.86M | 545.17M | 592.17M | 656.24M | 1.36B | 1.37B | 1.24B | 1.22B | 705.56M | 605.13M |
Effective Tax Rate % | 35.13% | 24.09% | 24.33% | 21.01% | 23.41% | 22.71% | 23.86% | 23.48% | 25.07% | 25.03% |
Net Income | 810.48M▲ 0% | 1.7B▲ 109.2% | 1.85B▲ 9.0% | 2.47B▲ 33.3% | 4.43B▲ 79.7% | 4.61B▲ 4.2% | 3.94B▼ 14.6% | 3.93B▼ 0.2% | 2.08B▼ 47.2% | 1.79B▲ 0% |
Net Margin % | 6.41% | 8.24% | 8.31% | 10.96% | 16.33% | 13.7% | 11.5% | 11.1% | 6.08% | 5.39% |
Net Income Growth % | -11.12% | 109.24% | 9.04% | 33.31% | 79.72% | 4.15% | -14.64% | -0.15% | -47.15% | -52.1% |
Net Income (Continuing) | 771.75M | 1.72B | 1.84B | 2.47B | 4.46B | 4.65B | 3.96B | 3.97B | 2.11B | 1.81B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 113.81M | 101.42M | 84.31M | 104.55M | 179.86M | 139.87M | 121.3M | 151.09M | 181.19M | 152.89M |
EPS (Diluted) | 3.38▲ 0% | 5.44▲ 60.9% | 5.74▲ 5.5% | 7.85▲ 36.8% | 14.27▲ 81.8% | 15.72▲ 10.2% | 13.73▼ 12.7% | 14.31▲ 4.2% | 7.98▼ 44.2% | 7.31▲ 0% |
EPS Growth % | -12.21% | 60.95% | 5.51% | 36.76% | 81.78% | 10.16% | -12.66% | 4.22% | -44.23% | -49.24% |
EPS (Basic) | 3.38 | 5.46 | 5.76 | 7.88 | 14.28 | 15.74 | 13.73 | 14.31 | 7.98 | - |
Diluted Shares Outstanding | 237.16M | 308.56M | 318.42M | 309.41M | 306.61M | 289.82M | 283.32M | 272.02M | 257.75M | 244.44M |
Basic Shares Outstanding | 237.16M | 307.97M | 318.42M | 309.41M | 306.61M | 289.82M | 283.32M | 272.02M | 257.75M | 244.44M |
Dividend Payout Ratio | 4.64% | 2.9% | 2.78% | 7.91% | 6.99% | 9.49% | 10.93% | 13.96% | 25.07% | - |
LEN Balance Sheet
Lennar Corporation (LEN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Nov'17 | Nov'18 | Nov'19 | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | Nov'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 14.28B | 19.98B | 20.47B | 21.05B | 23.42B | 28.29B | 27.16B | 26.96B | 17.14B | 13.52B |
Cash & Short-Term Investments | 2.66B | 1.57B | 1.46B | 2.92B | 2.93B | 4.79B | 6.56B | 4.98B | 3.8B | 2.09B |
Cash Only | 2.66B | 1.57B | 1.46B | 2.92B | 2.93B | 4.79B | 6.56B | 4.98B | 3.8B | 2.09B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 520.6M | 1.04B | 906.88M | 938.08M | 1.3B | 1.61B | 1.7B | 1.65B | 1.47B | 960.91M |
Days Sales Outstanding | 15.03 | 18.49 | 14.87 | 15.23 | 17.45 | 17.5 | 18.09 | 17.02 | 15.7 | 15 |
Inventory | 11.07B | 17.35B | 18.09B | 17.18B | 19.17B | 21.86B | 18.9B | 20.31B | 11.84B | 10.48B |
Days Inventory Outstanding | 366.59 | 347.17 | 339.38 | 329.69 | 324.02 | 301.48 | 243.8 | 247.61 | 140.33 | 152.4 |
Other Current Assets | 31.21M | 22.27M | 10.67M | 15.21M | 21.93M | 23.05M | 13.48M | 11.8M | 25.93M | 0 |
Total Non-Current Assets | 4.46B | 8.58B | 8.89B | 8.89B | 9.79B | 9.69B | 12.07B | 14.36B | 17.29B | 3.44B |
Property, Plant & Equipment | 301.12M | 345.49M | 281.56M | 524.91M | 495.52M | 505.06M | 550.6M | 791.45M | 911.85M | 0 |
Fixed Asset Turnover | 42.00x | 59.54x | 79.06x | 42.84x | 54.75x | 66.67x | 62.17x | 44.78x | 37.49x | 90.02x |
Goodwill | 196.4M | 3.68B | 3.66B | 3.63B | 3.63B | 3.63B | 3.63B | 3.63B | 3.63B | 3.44B |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 1.87B | 2.03B | 2.3B | 2.42B | 3.22B | 2.75B | 4.59B | 6.47B | 9.34B | 30.16B |
Other Non-Current Assets | 1.8B | 1.99B | 2.66B | 2.31B | 2.44B | 2.8B | 3.3B | 3.46B | 3.4B | -1.48B |
Total Assets | 18.75B▲ 0% | 28.57B▲ 52.4% | 29.36B▲ 2.8% | 29.94B▲ 2.0% | 33.21B▲ 10.9% | 37.98B▲ 14.4% | 39.23B▲ 3.3% | 41.31B▲ 5.3% | 34.43B▼ 16.7% | 33.21B▲ 0% |
Asset Turnover | 0.67x | 0.72x | 0.76x | 0.75x | 0.82x | 0.89x | 0.87x | 0.86x | 0.99x | 0.97x |
Asset Growth % | 22.02% | 52.39% | 2.78% | 1.96% | 10.93% | 14.38% | 3.29% | 5.3% | -16.66% | -45.07% |
Total Current Liabilities | 2.61B | 4.07B | 3.32B | 3.24B | 4.63B | 5.86B | 6.73B | 7.83B | 5.5B | 3.61B |
Accounts Payable | 754.67M | 1.15B | 1.07B | 1.04B | 1.32B | 1.62B | 1.63B | 1.84B | 1.81B | 1.74B |
Days Payables Outstanding | 24.99 | 23.11 | 20.06 | 19.91 | 22.33 | 22.29 | 21.05 | 22.42 | 21.48 | 21.71 |
Short-Term Debt | 1.48B | 2.57B | 1.8B | 1.5B | 2.33B | 2.28B | 2.55B | 2.43B | 2.21B | 428.98M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 380.72M | 175.59M | 260.27M | 706.69M | 976.6M | 1.97B | 2.54B | 3.56B | 1.48B | 1.45B |
Current Ratio | 5.46x | 4.91x | 6.16x | 6.49x | 5.06x | 4.83x | 4.04x | 3.44x | 3.12x | 3.74x |
Quick Ratio | 1.23x | 0.65x | 0.71x | 1.19x | 0.92x | 1.10x | 1.23x | 0.85x | 0.96x | 0.84x |
Cash Conversion Cycle | 356.62 | 342.54 | 334.2 | 325 | 319.13 | 296.69 | 240.84 | 242.21 | 134.55 | 145.69 |
Total Non-Current Liabilities | 8.14B | 9.81B | 10B | 8.59B | 7.58B | 7.88B | 5.81B | 5.46B | 6.79B | 7.56B |
Long-Term Debt | 6.49B | 7.55B | 7.78B | 5.96B | 4.09B | 3.96B | 2.46B | 1.86B | 3.93B | 3.67B |
Capital Lease Obligations | 0 | 0 | 0 | 89.22M | 123.13M | 124.67M | 120.38M | 163.98M | 177.26M | 865.78M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 1.65B | 2.27B | 2.23B | 2.55B | 3.37B | 3.8B | 3.22B | 3.44B | 2.68B | 3.68B |
Total Liabilities | 10.76B | 13.88B | 13.33B | 11.84B | 12.21B | 13.74B | 12.53B | 13.29B | 12.29B | 11.18B |
Total Debt | 7.97B | 10.12B | 9.57B | 7.54B | 6.54B | 6.36B | 5.14B | 4.45B | 6.32B | 4.32B |
Net Debt | 5.31B | 8.54B | 8.12B | 4.63B | 3.61B | 1.57B | -1.42B | -527.05M | 2.51B | 2.23B |
Debt / Equity | 1.00x | 0.69x | 0.60x | 0.42x | 0.31x | 0.26x | 0.19x | 0.16x | 0.29x | 0.20x |
Debt / EBITDA | 5.67x | 4.86x | 3.72x | 2.33x | 1.25x | 0.92x | 0.93x | 0.90x | 2.19x | 1.79x |
Net Debt / EBITDA | 3.78x | 4.10x | 3.15x | 1.43x | 0.69x | 0.23x | -0.26x | -0.11x | 0.87x | 0.93x |
Interest Coverage | 186.91x | 176.79x | 140.81x | 140.20x | 289.90x | 315.44x | 338.07x | 277.22x | 203.82x | - |
Total Equity | 7.99B▲ 0% | 14.68B▲ 83.9% | 16.03B▲ 9.2% | 18.1B▲ 12.9% | 21B▲ 16.0% | 24.24B▲ 15.5% | 26.7B▲ 10.2% | 28.02B▲ 4.9% | 22.14B▼ 21.0% | 22.03B▲ 0% |
Equity Growth % | 10.74% | 83.86% | 9.2% | 12.88% | 16.01% | 15.45% | 10.15% | 4.94% | -20.99% | -57.94% |
Book Value per Share | 33.67 | 47.58 | 50.35 | 58.50 | 68.48 | 83.64 | 94.25 | 103.01 | 85.90 | 90.13 |
Total Shareholders' Equity | 7.87B | 14.58B | 15.95B | 17.99B | 20.82B | 24.1B | 26.58B | 27.87B | 21.96B | 21.88B |
Common Stock | 24.31M | 33.44M | 33.66M | 33.84M | 33.99M | 29.27M | 29.51M | 29.66M | 29.82M | 29.98M |
Retained Earnings | 4.84B | 6.49B | 8.3B | 10.56B | 14.69B | 18.86B | 22.37B | 25.75B | 22.47B | 22.58B |
Treasury Stock | -136.02M | -435.87M | -957.86M | -1.28B | -2.71B | -210.39M | -1.39B | -3.65B | -6.46B | -6.73B |
Accumulated OCI | 1.03M | -366K | 498K | -805K | -1.34M | 2.41M | 4.88M | 7.53M | 6.01M | 5.61M |
Minority Interest | 113.81M | 101.42M | 84.31M | 104.55M | 179.86M | 139.87M | 121.3M | 151.09M | 181.19M | 152.89M |
LEN Cash Flow Statement
Lennar Corporation (LEN) cash flow — operating, investing & free cash flow history
| Metric | Nov'17 | Nov'18 | Nov'19 | Nov'20 | Nov'21 | Nov'22 | Nov'23 | Nov'24 | Nov'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 996.86M | 1.71B | 1.48B | 4.19B | 2.53B | 3.27B | 5.18B | 2.4B | 216.81M | 177.35M |
Operating CF Margin % | 7.88% | 8.32% | 6.66% | 18.64% | 9.34% | 9.7% | 15.13% | 6.78% | 0.63% | - |
Operating CF Growth % | 96.31% | 71.7% | -13.39% | 182.72% | -39.56% | 28.94% | 58.61% | -53.6% | -90.98% | -605.4% |
Net Income | 771.75M | 1.72B | 1.84B | 2.47B | 4.46B | 4.65B | 3.96B | 3.97B | 2.11B | 1.79B |
Depreciation & Amortization | 66.32M | 91.18M | 92.2M | 94.55M | 85.95M | 87.08M | 110.16M | 115.53M | 134.31M | 136.37M |
Stock-Based Compensation | 61.36M | 72.66M | 86.94M | 107.13M | 134.62M | 184.09M | 160.72M | 176.68M | 163.49M | 141.79M |
Deferred Taxes | 91.05M | 268.04M | 235.49M | 92.08M | 191.63M | -246.65M | -67.97M | 60.43M | 77.3M | 98.03M |
Other Non-Cash Items | 193.74M | -268.52M | 52.66M | 110.4M | -685.08M | 914.01M | 444M | 80.47M | 120.32M | 150.26M |
Working Capital Changes | -187.36M | -169.25M | -827.07M | 1.32B | -1.65B | -2.32B | 571.54M | -2B | -2.39B | -2.16B |
Change in Receivables | 102.98M | -462.31M | -119.08M | 180.72M | -289.78M | -422.4M | -329.19M | -129.21M | 66.76M | -199.99M |
Change in Inventory | -661.49M | -135.87M | -623.64M | 781.36M | -1.96B | -2.38B | 2.27B | -285.1M | -150.92M | -289.68M |
Change in Payables | 356.67M | 412.8M | -14.64M | 266.49M | 881.31M | 701.11M | -625.86M | 380.38M | -690.75M | -879.48M |
Cash from Investing | -869.82M | -608.12M | 19.6M | -280.2M | -105.09M | -128.3M | -176.98M | -302.56M | 221.57M | 178.81M |
Capital Expenditures | -111.77M | -130.44M | -86.5M | -72.75M | -65.17M | -57.21M | -99.8M | -171.5M | -188.63M | -162.58M |
CapEx % of Revenue | 0.88% | 0.63% | 0.39% | 0.32% | 0.24% | 0.17% | 0.29% | 0.48% | 0.55% | 0.49% |
Acquisitions | -1.04B | -1.28B | -394.09M | -471.24M | -375.84M | -447.4M | -36.91M | -425.56M | -254.49M | -177.36M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 398.81M | 444.79M | 483.85M | 253.17M | 433.14M | 444M | -36.95M | 291.8M | 594.5M | 526.86M |
Cash from Financing | 1.19B | -2.2B | -1.63B | -2.45B | -2.4B | -1.28B | -3.25B | -3.68B | -1.6B | -549.37M |
Debt Issued (Net) | 1.16B | -1.76B | -1.04B | -2.29B | -1.08B | -214.01M | -1.2B | -830.24M | 1.57B | 1.52B |
Equity Issued (Net) | -27.05M | -296.77M | -522.58M | -321.52M | -1.43B | -1.04B | -1.18B | -2.26B | -1.81B | -1.3B |
Dividends Paid | -37.61M | -49.16M | -51.45M | -195.04M | -309.78M | -438.04M | -430.56M | -548.82M | -520.96M | -512.79M |
Share Repurchases | -27.05M | -299.83M | -523.07M | -321.52M | -1.43B | -1.04B | -1.18B | -2.26B | -1.81B | -1.3B |
Other Financing | 101.07M | -89.65M | -19.73M | 364.13M | 414.24M | 414.08M | -436.78M | -46.03M | -837.88M | -252.37M |
Net Change in Cash | 1.32B▲ 0% | -1.09B▼ 182.7% | -127.28M▲ 88.3% | 1.46B▲ 1250.2% | 22.95M▼ 98.4% | 1.86B▲ 8003.9% | 1.76B▼ 5.6% | -1.58B▼ 190.1% | -1.16B▲ 26.6% | -194.82M▲ 0% |
Free Cash Flow | 885.09M▲ 0% | 1.58B▲ 78.6% | 1.4B▼ 11.7% | 4.12B▲ 195.0% | 2.47B▼ 40.1% | 3.21B▲ 30.0% | 5.08B▲ 58.3% | 2.23B▼ 56.1% | 28.18M▼ 98.7% | 14.77M▲ 0% |
FCF Margin % | 7% | 7.69% | 6.27% | 18.31% | 9.1% | 9.53% | 14.84% | 6.3% | 0.08% | 0.04% |
FCF Growth % | 105.18% | 78.64% | -11.72% | 195.02% | -40.08% | 30.02% | 58.33% | -56.06% | -98.74% | -99.07% |
FCF per Share | 3.73 | 5.12 | 4.38 | 13.31 | 8.05 | 11.07 | 17.93 | 8.20 | 0.11 | 0.06 |
FCF Conversion (FCF/Net Income) | 1.23x | 1.01x | 0.80x | 1.70x | 0.57x | 0.71x | 1.32x | 0.61x | 0.10x | 0.01x |
Interest Paid | 89.48M | 128.88M | 49.87M | 97.34M | 47.72M | 67.84M | 81.22M | 54.92M | 50.14M | 0 |
Taxes Paid | 199.56M | 376.61M | 261.44M | 402.18M | 1.14B | 1.27B | 1.86B | 790.48M | 988.54M | 0 |
LEN Key Ratios
Lennar Corporation (LEN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 10.67% | 14.96% | 12.04% | 14.44% | 22.66% | 20.4% | 15.46% | 14.37% | 8.29% | 7.98% |
Return on Invested Capital (ROIC) | 7.9% | 8.17% | 7.86% | 10.05% | 16.28% | 20.2% | 15.97% | 13.78% | 7.91% | 6.72% |
Gross Margin | 12.85% | 11.35% | 12.59% | 15.45% | 20.41% | 21.39% | 17.35% | 15.52% | 9.91% | 8.79% |
Net Margin | 6.41% | 8.24% | 8.31% | 10.96% | 16.33% | 13.7% | 11.5% | 11.1% | 6.08% | 5.39% |
Debt / Equity | 1.00x | 0.69x | 0.60x | 0.42x | 0.31x | 0.26x | 0.19x | 0.16x | 0.29x | 0.20x |
Interest Coverage | 186.91x | 176.79x | 140.81x | 140.20x | 289.90x | 315.44x | 338.07x | 277.22x | 203.82x | - |
FCF Conversion | 1.23x | 1.01x | 0.80x | 1.70x | 0.57x | 0.71x | 1.32x | 0.61x | 0.10x | 0.01x |
Revenue Growth | 15.49% | 62.67% | 8.21% | 1.03% | 20.64% | 24.11% | 1.67% | 3.53% | -3.54% | -7.23% |
Related:LEN Dividend History·LEN Revenue History·LEN Price History·LEN P/E History·LEN Financial Ratios·LEN Institutional Holders
LEN SEC Filings & Documents
Lennar Corporation (LEN) SEC filings — annual & quarterly reports (10-K, 10-Q)
LEN Frequently Asked Questions
Lennar Corporation (LEN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Lennar Corporation (LEN) reported $33.17B in revenue for fiscal year 2025. This represents a 3085% increase from $1.04B in 1996.
Lennar Corporation (LEN) saw revenue decline by 3.5% over the past year.
Yes, Lennar Corporation (LEN) is profitable, generating $1.79B in net income for fiscal year 2025 (6.1% net margin).
Dividend & Returns
Yes, Lennar Corporation (LEN) pays a dividend with a yield of 2.25%. This makes it attractive for income-focused investors.
Lennar Corporation (LEN) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.
Lennar Corporation (LEN) generated $14.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.