Lennar Corporation

Lennar Corporation

LEN
Lennar CorporationUS flagNew York Stock Exchange
81.47
USD
-0.05
- -
20.23BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
30.55
37.72
45.27
49.15
53.33
66.8
69.91
72.68
88.49
116.18
120.83
130.29
132.64
98.13
Basic EPS, GAAP
2.47
3.1
3.84
4.09
3.42
5.51
5.81
7.97
14.45
15.92
13.9
14.46
8.06
4.2
Free Cash Flow per Basic Share
-4.2
-3.93
-2.44
1.94
3.67
5.07
4.38
13.31
8.05
11.07
17.93
8.2
0.11
3.72
Dividend per Share
0.16
0.16
0.16
0.16
0.16
0.16
0.16
0.63
1.01
1.51
1.52
2.02
2.02
1.53
Book Value per Share
19.99
23.08
26.23
29.38
32.81
44.97
50.49
57.55
69.52
83.16
94.61
103.9
88.91
- -
Tangible Book Value per Share
19.83
22.89
26.05
29.21
31.99
33.62
38.91
45.93
57.39
70.63
81.68
90.36
74.2
- -
Basic Weighted Avg Shares
194
206
209
223
237
308
318
309
307
290
283
272
258
244
Sales/Revenue/Turnover
5,935
7,780
9,474
10,950
12,646
20,572
22,260
22,489
27,131
33,671
34,233
35,441
34,187
23,927
Operating Margin (%)
11.56
11.85
11.46
11.53
10.59
9.67
11.15
13.97
18.94
20.16
15.89
13.68
8.05
5.51
Depreciation Expense
30
39
44
50
66
91
92
95
86
87
110
116
134
104
Net Income, GAAP
480
639
803
912
810
1,696
1,849
2,465
4,430
4,614
3,939
3,933
2,078
1,024
Effective Tax Rate (%)
25.96
35.17
32.28
31.37
35.13
24.09
24.33
21.01
23.41
22.71
23.86
23.48
25.07
25.68
Profit Margin (%)
8.08
8.21
8.47
8.33
6.41
8.24
8.31
10.96
16.33
13.7
11.5
11.1
6.08
4.28
Working Capital
8,360
10,029
11,277
11,956
14,552
20,144
21,169
21,625
23,823
26,771
27,714
27,468
17,582
- -
LT Debt
5,024
5,982
6,655
6,276
7,973
10,117
9,574
7,422
6,378
6,199
4,984
4,189
5,875
- -
Total Equity
4,627
5,251
5,950
7,212
7,986
14,683
16,034
18,099
20,996
24,240
26,702
28,021
22,141
- -
Return on Invested Capital (%)
5.43
5.72
6.17
6.64
5.9
7.41
7.45
9.7
14.88
18.15
13.33
11.62
6.84
6.97
Return on Capital (%)
5.6
6.44
6.67
7
5.8
8.26
7.42
9.7
16.65
15.84
12.61
12.2
6.8
7.17
Return on Common Equity (%)
12.65
14.2
15.33
14.39
10.88
15.11
12.11
14.52
22.83
20.55
15.54
14.44
8.34
9.08

Capital Structure

FRC

•

in mil. unless spec.
Feb'26
May'26
Aug'26
ST Debt
- -
- -
- -
LT Borrowings
5,256
6,011
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
246
241
241
Market Capitalization
28,167
21,628
20,262

Working Capital

FRC

•

in mil. unless spec.
Feb'26
May'26
Aug'26
Total Current Assets
17,922
18,210
- -
Cash, Cash Equivalents & STI
2,391
2,130
- -
Accounts Receivable, Net
1,306
1,474
- -
Inventories
12,335
12,584
- -
Total Current Liabilities
1,738
1,785
- -
Payables & Accruals
1,738
1,785
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.34%
5.11%
-20.99%
Free Cash Flow
7.46%
-21.31%
-98.74%
Net Income, GAAP
17.6%
4.39%
-47.15%
Sales/Revenue/Turnover
14.94%
9.28%
-3.54%
Total Cash Common Dividend
44.82%
24.18%
-5.08%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,313
8,766
9,416
9,947
35,441
2025
7,632
8,378
8,810
9,368
34,187
2026
6,619
7,940
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.6
3.49
4.3
4.1
14.46
2025
1.98
1.83
2.31
1.94
8.06
2026
0.94
1.27
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.5
0.51
0.5
0.5
2.02
2025
0.5
0.51
0.51
0.5
2.02
2026
0.51
0.51
- -
- -
- -

Company Description

CEO
Stuart A. Miller
Full Time Employees
12,532
Sector
Consumer Cyclical
Industry
Residential Construction
Address
5505 Waterford District Drive Miami FL United States of America 33126
IPO Date
Mar 17, 1980
Website
lennar.com
Business
Lennar Corporation (NYSE: LEN) is one of the nation's leading homebuilders, engaged primarily in the development, construction, and sale of single-family homes, townhomes, and condominiums, as well as multifamily rental properties and commercial developments. The company offers a diverse portfolio of home designs through its Everything's Included(R) program, which bundles high-quality finishes and features such as granite countertops, stainless steel appliances, and smart home technology at no additional cost; its Lennar at Home(TM) brand provides mortgage financing, title insurance, and closing services; and through subsidiaries like Eagle Home Mortgage, LLC, FivePoint Holdings, LLC, and Lennar Title, P.C., it delivers integrated financial and land development solutions. Lennar operates across key U.S. markets including the Southeast, Texas, the Midwest, and the West, with a strong emphasis on high-growth regions like Florida, Texas, and California; the company was founded in 1954 and is headquartered in Miami, Florida. Lennar's business segments encompass homebuilding (its core revenue driver, accounting for the majority of sales), financial services (including mortgage origination and title services), and multifamily (focused on rental apartment developments through its Portfolio business). The company targets first-time, move-up, and active adult buyers, as well as institutional investors in the rental housing sector, with products tailored to various price points and lifestyles, from entry-level homes starting around $300,000 to luxury communities exceeding $1 million. Internationally, Lennar maintains a limited presence through joint ventures, but its operations remain predominantly domestic. In recent developments, Lennar completed the spin-off of its multifamily rental business into a separate REIT named Mill Creek Residential Trust in late 2024, allowing focused growth in both single-family homebuilding and institutional rental housing. The company announced a strategic partnership with IBM in early 2025 to integrate advanced AI and data analytics into its construction processes, enhancing efficiency and personalization in home designs. Additionally, Lennar expanded its land bank through the acquisition of approximately 10,000 lots in high-demand markets during 2025 and launched its next-generation "Next Gen" multigenerational home layouts with enhanced privacy suites to meet evolving demographic needs.

Company News

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