LEN

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Lennar Corp. Class A

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Key Metrics

Previous Close: $87.30
52-Week Range: $79.83 – $144.24
Market Cap: $20.58B
P/E (TTM): 13.69
EPS (TTM): 6.24
Dividend Yield: 2.29%

Advanced Metrics

Price/Book: 0.95
PEG Ratio: 11.30
Return on Equity: 7.37%
Return on Assets: 3.94%
Gross Margin: 16.36%
Operating Margin: 5.28%
Profit Margin: 4.93%
Current Ratio: 8.51
Debt/Equity: 0.29
Total Debt: $6.25B
Free Cash Flow: $1.08B
Revenue Growth: -5.20%
Earnings Growth: -31.50%
Enterprise Value: $25.11B

LEN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$33.67B	$34.23B	$35.44B	$34.19B
Cost of Revenue	$26.47B	$28.29B	$29.94B	$30.80B
Gross Profit	$7.20B	$5.94B	$5.50B	$3.39B
Selling, General & Admin	$414.50M	$501.34M	$648.99M	$636.72M
Operating Expenses	$414.50M	$501.34M	$648.99M	$636.72M
Operating Income	$6.79B	$5.44B	$4.85B	$2.75B
EBITDA	$6.87B	$5.55B	$4.97B	$2.88B
Pretax Income	$6.01B	$5.20B	$5.18B	$2.81B
Income Tax	$1.37B	$1.24B	$1.22B	$705.56M
Net Income	$4.61B	$3.94B	$3.93B	$2.08B
Diluted EPS	15.72	13.73	14.31	7.98
Diluted Shares	289.82M	283.32M	272.02M	257.75M

LEN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$4.78B	$6.47B	$4.91B	$3.76B
Receivables	$3.44B	$3.84B	$3.96B	$3.68B
Inventory	$20.10B	$18.90B	$20.31B	$11.84B
Current Assets	$28.39B	$29.35B	$29.31B	$19.39B
Total Assets	$37.98B	$39.23B	$41.31B	$34.43B
Current Liabilities	$1.62B	$1.63B	$1.84B	$1.81B
Long-Term Debt	$6.20B	$4.98B	$4.19B	$5.87B
Total Debt	$6.20B	$4.98B	$4.19B	$5.87B
Total Liabilities	$13.74B	$12.53B	$13.29B	$12.29B
Retained Earnings	$18.86B	$22.37B	$25.75B	$22.47B
Shareholders' Equity	$24.10B	$26.58B	$27.87B	$21.96B
Working Capital	$26.77B	$27.71B	$27.47B	$17.58B
Net Debt	$1.42B	—	—	$2.12B

LEN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$3.27B	$5.18B	$2.40B	$216.81M
Capital Expenditure	-$57.21M	-$99.80M	-$171.50M	-$188.63M
Free Cash Flow	$3.21B	$5.08B	$2.23B	$28.18M
Depreciation & Amortisation	$87.08M	$110.16M	$115.53M	$134.31M
Stock-Based Compensation	$184.09M	$160.72M	$176.68M	$163.49M
Investing Cash Flow	-$128.30M	-$176.98M	-$302.56M	$221.57M
Financing Cash Flow	-$1.28B	-$3.25B	-$3.68B	-$1.60B
Dividends Paid	-$438.04M	-$430.56M	-$548.82M	-$520.96M
Share Repurchases	-$1.04B	-$1.18B	-$2.26B	-$1.81B
Net Change in Cash	$1.86B	$1.76B	-$1.58B	-$1.16B

LEN Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$8.38B	$8.81B	$9.37B	$6.62B	$7.94B
Cost of Revenue	$7.57B	$7.92B	$8.54B	$6.23B	$7.38B
Gross Profit	$804.43M	$892.60M	$829.05M	$390.70M	$554.96M
Selling, General & Admin	$155.85M	$171.40M	$162.09M	$157.64M	$136.15M
Operating Expenses	$155.85M	$171.40M	$162.09M	$157.64M	$136.15M
Operating Income	$648.58M	$721.20M	$666.96M	$233.06M	$418.81M
EBITDA	$682.40M	$755.37M	$701.94M	$266.45M	$454.13M
Pretax Income	$641.88M	$790.70M	$683.04M	$302.45M	$413.19M
Income Tax	$160.06M	$190.89M	$185.09M	$69.09M	$105.06M
Net Income	$477.45M	$590.97M	$490.24M	$229.38M	$304.77M
Diluted EPS	1.81	2.29	1.93	0.93	1.24
Diluted Shares	260.29M	255.60M	252.36M	244.44M	240.78M

LEN Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.41B	$1.66B	$3.76B	$2.35B	$2.09B
Receivables	$3.41B	$3.63B	$3.68B	$3.15B	$3.41B
Inventory	$14.52B	$13.70B	$11.84B	$12.33B	$12.58B
Current Assets	$19.45B	$19.13B	$19.39B	$17.92B	$18.21B
Total Assets	$34.37B	$34.88B	$34.43B	$33.21B	$33.70B
Current Liabilities	$2.13B	$1.52B	$1.81B	$1.74B	$1.78B
Long-Term Debt	$4.21B	$5.39B	$5.87B	$5.26B	$6.01B
Total Debt	$4.21B	$5.39B	$5.87B	$5.26B	$6.01B
Total Liabilities	$11.64B	$12.13B	$12.29B	$11.18B	$11.94B
Retained Earnings	$21.65B	$22.11B	$22.47B	$22.58B	$22.76B
Shareholders' Equity	$22.58B	$22.57B	$21.96B	$21.88B	$21.62B
Working Capital	$17.32B	$17.61B	$17.58B	$16.18B	$16.43B
Net Debt	$2.80B	$3.73B	$2.12B	$2.90B	$3.92B

LEN Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$1.10B	-$158.61M	$1.76B	-$433.50M	-$284.38M
Capital Expenditure	-$15.22M	-$32.16M	-$85.20M	-$29.99M	-$18.86M
Free Cash Flow	-$1.11B	-$190.78M	$1.67B	-$463.49M	-$303.24M
Depreciation & Amortisation	$33.83M	$34.17M	$34.98M	$33.39M	$35.32M
Stock-Based Compensation	$28.77M	$25.50M	$25.13M	$62.38M	$26.27M
Investing Cash Flow	$161.39M	-$7.25M	$45.93M	$93.36M	-$15.92M
Financing Cash Flow	-$175.37M	$443.84M	$268.32M	-$1.10B	$79.27M
Dividends Paid	-$133.59M	-$129.12M	-$126.60M	-$123.48M	-$123.06M
Share Repurchases	-$521.42M	-$512.42M	-$57.00K	-$269.71M	-$467.09M
Net Change in Cash	-$1.11B	$277.98M	$2.07B	-$1.44B	-$221.03M

Market Snapshot

About

Lennar Corporation is one of the nation's largest homebuilders, delivering quality new homes and providing financial services to customers across major markets in the United States. The company builds homes under the Lennar brand and offers mortgage financing, title insurance, and closing services through its financial services division. Lennar also develops multifamily rental properties and provides technology solutions for the homebuilding industry.