Lennar logo

Lennar(NYSE) LEN

Market Cap$17.93BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1971)+11,887%
5 Year-10%
1 Year-42%
1 Month-11%
Premium Feature
Moneyball Superscore
64/100
$74.35
-6.84%
-5.46Today
After hours$74.50+$0.15 (+0.20%)
Lennar last closing stock price
MetricPriceDate
Last closeUSD 74.442026-10-05
Lennar stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-9.25%USD 82.032026-09-28
1 month-10.94%USD 83.582026-09-04
3 month-13.67%USD 86.232026-07-07
Year to date-26.44%USD 101.202025-12-31
1 year-41.62%USD 127.502025-10-03
3 year-25.53%USD 99.962023-10-06
5 year-10.01%USD 82.722021-10-06
Since inception+11,887.3%USD 0.621971-06-23

Lennar Financials at a Glance

Market Cap

$17.93BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$31.97B

Net Income (TTM)

$1.31B

EPS (TTM)

$5.29

P/E Ratio

14.08

Dividend

$2.00

Beta (Volatility)

1.05 (Average)

Price

$74.35

Volume

19,675.106

Open

$78.97

Previous Close

$74.44

Daily Range

$73.75 - $79.73

52-Week Range

$73.75 - $133.76

Estimated Earnings Date

N/A

LEN News

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Bond Yields Are Soaring. Why That's Bad for Homebuilder and Automaker Stocks.

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5 Most Undervalued Stocks to Buy in 2026

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Mortgage Rates Are Heading Higher. Here's What It Means for Homebuilder Stocks.

Matthew BenjaminJul 13, 2026
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Lennar vs. NVR: Which Homebuilder Stock Is a Better Buy in 2026?

Seena HassounaJun 27, 2026
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Lennar Hasn't Sold Homes This Cheap Since 2017. Here's What That Means for the Housing Market.

Micah ZimmermanJun 24, 2026
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Lennar vs. D.R. Horton: Which Consumer Stock Is a Better Buy in 2026?

Pamela KockMay 29, 2026
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Lennar Stock Is Down as the U.S. Housing Market Struggles. Is the Stock a Buy in 2026?

Todd ShriberMay 28, 2026
Page 1

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About Lennar

Lennar Corporation builds houses for families across America. It sells attached and detached single-family homes. The company also helps buyers with mortgages and insurance.

Homes, Loans, and Apartments

  • Homebuilding: Construction and sale of single-family attached and detached houses; serves first-time, move-up, and luxury homebuyers.
  • Financial Services: Residential mortgage financing, title protection, and closing services primarily for customers buying company-built homes.
  • Multifamily: Development, construction, and management of institutional quality rental apartment properties in select United States markets.
  • Strategic Investments: Portfolio of technology companies focused on improving efficiency and innovation in the homebuilding and financial industries.

Recent Strategic Expansion

  • Completed the spin-off of Millrose Properties, Inc. in 2025 to focus on a land-light business model.
  • Sold a majority interest in Quarterra, the multifamily subsidiary, to TPG Real Estate in Dec. 2025.
  • Acquired Rausch in 2025 to expand the company's homebuilding operations and geographical footprint.
  • Increased the share of controlled homesites to 98% through option contracts with various land bank investor groups.

The Asset-Light Strategy

Lennar uses an asset-light model where it owns just 2% of its homesites and controls the rest through option contracts. This strategy helped the company reach a record low building cycle time of 116 days in the third quarter of 2026.

What the Numbers Show

  • Revenues from home sales reached $7.7 billion in the third quarter of 2026, down 6% year over year.
  • Net earnings were $283.9 million in the third quarter of 2026, compared to $591.0 million in the third quarter of 2025.
  • New home deliveries fell 3% year over year to 20,840 homes in the third quarter of 2026.
  • The company held $1.5 billion in total cash and cash equivalents as of Aug. 31, 2026.
  • Homebuilding debt to total capital was 16.6% at the end of the third quarter of 2026.

Evolution of the Business

Lennar has shifted toward an asset-light business model by controlling land through options rather than direct ownership. This strategy aims to generate higher cash flow and increase returns while maintaining high-volume home production.

AI Generated • Oct 3, 2026

Industry

Household Durables

Sector

Consumer Discretionary

Employees

12,532

CEO

Stuart A. Miller

Website

www.lennar.com

Headquarters

Miami, FL 33126, US

LEN Financials

Key Financial Metrics (TTM)

Gross Margin

9.52%

Operating Margin

5.34%

Net Income Margin

4.10%

Return on Equity

6.03%

Return on Capital

9.73%

Return on Assets

3.93%

Earnings Yield

7.10%

Dividend Yield

2.69%

Payout Ratio

28.45%

Stock Overview

Market Cap

$17.93BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

240.90M

Volume

19.68K

Avg. Volume

3.53M

Financials (TTM)

Gross Profit

$3.04B

Operating Income

$1.71B

EBITDA

$1.97B

Operating Cash Flow

$937.30M

Capital Expenditure

-$126.03M

Free Cash Flow

$811.27M

Cash & ST Invst.

$1.15B

Total Debt

$4.30B

Lennar Performance Analysis

Lennar annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-11-30USD 33,709,534,00024.2%
20232023-11-30USD 34,287,961,0001.7%
20242024-11-30USD 35,476,668,0003.5%
20252025-11-30USD 34,131,040,000-3.8%
Lennar sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-11-306.3%
Q12026-02-28-29.3%
Q22026-05-3119.9%
Q32026-08-311.3%
Lennar annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-11-30USD 15.7210.2%
20232023-11-30USD 13.73-12.7%
20242024-11-30USD 14.314.3%
20252025-11-30USD 7.98-44.2%
Lennar sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-11-30-15.7%
Q12026-02-28-51.3%
Q22026-05-3130.9%
Q32026-08-31-3.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2026YOY CHG

Revenue

$8.05B

-8.7%

Gross Profit

$1.33B

+49.3%

Gross Margin

16.56%

N/A

Market Cap

$17.93BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$1.43M

N/A

Employees

12,532

N/A

Net Income

$283.88M

-52.0%

EBITDA

$446.25M

-45.9%

Quarterly Fundamentals

Name
Q3 2026YOY CHG

Total Cash

$1.15B

-33.4%

Total Debt

$4.30B

-24.1%

Accounts Receivable

$924.86M

-40.3%

Inventory

$12.94B

-5.5%

Long Term Debt

$4.30B

-20.4%

Short Term Debt

$0.00

-100.0%

Return on Assets

3.93%

N/A

Return on Invested Capital

5.41%

N/A

Free Cash Flow

-$201.28M

-5.5%

Operating Cash Flow

-$209.30M

-32.0%

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Questions About LEN

What is the current price of Lennar?

Lennar is trading at $74.44 per share.

What is the 52-week range for Lennar?

Over the past 52 weeks, Lennar has traded between $73.75 and $133.76.

How much debt does Lennar have?

As of the most recent reporting period, Lennar reported total debt of $6.12B.

How much cash does Lennar have on hand?

Lennar reported $1.46B in cash and cash equivalents in its most recent financial results.

What is Lennar’s dividend yield?

Lennar currently has a dividend yield of 2.69%.

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