Lennar Corporation

Lennar Corporation

LEN-B
Lennar CorporationUS flagNew York Stock Exchange
79.88
USD
-0.12
- -
20.24BMarket 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
26,287
21,218
19,816

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
Apr 23, 2003
Website
lennar.com
Business
Lennar Corporation (NYSE: LEN-B) operates as one of the largest homebuilders in the United States, designing, constructing and selling single-family attached and detached homes, townhomes, condominiums, active adult communities and Next Gen multigenerational homes primarily under the Lennar brand; it also develops, constructs and manages multifamily rental properties, purchases, develops and sells residential land, and provides mortgage financing, title insurance, closing services, property and casualty insurance through Lennar Mortgage, Lennar Title and Lennar Insurance Agency, as well as originates and sells securitized commercial mortgage loans via LMF Commercial and engages in fund investment activities. The company serves first-time, move-up, active adult and luxury homebuyers across Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily and Lennar Other segments in more than 20 states and 700 communities nationwide from its headquarters in Miami, Florida, where it was founded in 1954. In early 2025, Lennar completed the spin-off of approximately 80% of its Millrose Properties subsidiary to pursue a land-light model using the HOPP’R platform for homesite options, reducing traditional land banking risks; it simultaneously acquired the operating business, personnel and assets of Rausch Coleman Homes, adding about 5,000 affordable homes at an average sales price of $230,000 to support 10% growth in fiscal 2025, while Millrose acquired Rausch's land assets with Lennar retaining purchase options.

Company News

  • Lennar Corporation Declares Quarterly Dividends

  • Lennar shares pop as Berkshire builds almost a 10% stake in beleaguered homebuilder

  • Lennar: Below Book Value Is Getting Hard To Ignore

  • Berkshire Buys Over $200 Million of Lennar Stock and Now Holds 10% of Big Home Builder

  • Why Lennar Is Getting Hit Worse Than D.R. Horton in This Crummy Housing Market

  • Lennar's Earnings Miss May Be Sending a Bigger Warning About U.S. Housing

  • Lennar's Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump

  • Lennar Corporation (LEN) Q3 2026 Earnings Call Transcript

  • Lennar Q3 Earnings Call Highlights

  • Lennar Q3 earnings fall as homebuilder cuts annual delivery target

  • Lennar Q3 Earnings Miss Estimates on Housing Weakness, Revenues Lag

  • Lennar: Everything Shouts 'Not Yet' (Earnings Review)

  • What's Going On With Lennar Shares Thursday?

  • Lennar Posts Downbeat Q3 Results, Joins Fluence Energy And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

  • Fluence Energy, Lennar and 3 Stocks to Watch Heading Into Thursday

  • Lennar (LEN) Reports Q3 Earnings: What Key Metrics Have to Say

  • Lennar (LEN) Lags Q3 Earnings and Revenue Estimates

  • Lennar Cuts Deliveries Target Again on Rate Pressure, Housing Market Conditions

  • Lennar Posts Q3 Double Miss, Shares Slip

  • Lennar Reports Third Quarter 2026 Results