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Lennar(NYSE) LEN

Market Cap$19.36BMarket 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)+13,359%
5 Year-11%
1 Year-38%
1 Month-5%
Premium Feature
Moneyball Superscore
64/100
$80.58
-3.60%
-3.00Today
After hours$80.65+$0.07 (+0.09%)
Lennar last closing stock price
MetricPriceDate
Last closeUSD 83.582026-09-04
Lennar stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.19%USD 86.332026-08-28
1 month-4.89%USD 87.882026-08-05
3 month-7.09%USD 89.952026-06-05
Year to date-17.41%USD 101.202025-12-31
1 year-38.25%USD 135.342025-09-04
3 year-20.4%USD 105.012023-09-05
5 year-10.79%USD 93.692021-09-03
Since inception+13,359.14%USD 0.621971-06-23

Lennar Financials at a Glance

Market Cap

$19.36BMarket 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)

$32.74B

Net Income (TTM)

$1.62B

EPS (TTM)

$6.39

P/E Ratio

12.57

Dividend

$2.00

Beta (Volatility)

1.05 (Average)

Price

$80.58

Volume

706.344

Open

$82.60

Previous Close

$80.37

Daily Range

$80.18 - $83.05

52-Week Range

$79.83 - $140.71

Estimated Earnings Date

Sep 16, 2026

LEN News

GettyImages-1432696335

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

Matthew BenjaminSep 4, 2026
Green price tag

5 Most Undervalued Stocks to Buy in 2026

Jeremy BowmanSep 3, 2026
GettyImages-2172287638

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

Matthew BenjaminJul 13, 2026
TMF-Data-Center-Blue-StockVStock.png

Lennar vs. NVR: Which Homebuilder Stock Is a Better Buy in 2026?

Seena HassounaJun 27, 2026
GettyImages-1755445620

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

Micah ZimmermanJun 24, 2026
TMF-Bull-Statue-Purple-StockVStock.png

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

Pamela KockMay 29, 2026
new construction housing frame development

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

Todd ShriberMay 28, 2026
Getty - home value homebuying real estate house cash

Mortgage Applications Are Up 21% Year Over Year Despite Rising Interest Rates. These Homebuilder Stocks Could Benefit.

Selena MaranjianMay 15, 2026
Page 1

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About Lennar

Lennar builds houses for families across the United States. The company helps people buy their first home or move to a larger one. It also provides mortgage and title services to make buying easier.

What Lennar Builds and Sells

  • Homebuilding: Construction and sale of single-family homes; accounts for 96% of revenue in the second quarter of 2026.
  • Financial Services: Mortgage financing, title protection, and closing services for homebuyers; accounts for 3% of revenue in the second quarter of 2026.
  • Multifamily: Development and construction of rental apartment properties in major US markets; accounts for 1% of revenue in the second quarter of 2026.
  • Lennar Other: Investments in technology companies designed to improve the homebuilding and financing process.

New Paths to Growth

  • Spun off Millrose in 2025 to move toward a business model that owns less land.
  • Acquired Rausch Coleman Homes in 2025 for $254 million to expand residential construction reach.
  • Sold a majority interest in Quarterra to TPG in December 2025 to support rental housing developments.
  • Increased focus on the LMF Commercial unit to originate and sell securitized commercial mortgage loans.

A Different Way to Build

Lennar uses an asset-light strategy where it controls 98% of its homesites through options rather than buying land outright. This model lowers the cost of capital and lets the company focus on building homes at a steady pace.

The Recent Numbers

  • Homebuilding revenue was $7.6 billion in the three months ended May 31, 2026, down 2% year-over-year.
  • Home deliveries reached 20,519 in the second quarter of 2026, up 2% year-over-year.
  • The average sales price for delivered homes was $371,000 in the second quarter of 2026, down 5% year-over-year.
  • Gross margins on home sales were 15.6% in the second quarter of 2026, down from 17.8% year-over-year.
  • Total liquidity at the end of the second quarter of 2026 was $4.9 billion.

Bottom Line

Lennar has evolved from a traditional land owner into a construction-focused company that uses options to control its supply. This shift allows the business to maintain production flow even when interest rates and market conditions change.

AI Generated • Jun 30, 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

7.95%

Operating Margin

6.02%

Net Income Margin

4.94%

Return on Equity

7.36%

Return on Capital

9.73%

Return on Assets

4.80%

Earnings Yield

7.96%

Dividend Yield

2.49%

Payout Ratio

31.03%

Stock Overview

Market Cap

$19.36BMarket 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

706.344

Avg. Volume

2.65M

Financials (TTM)

Gross Profit

$2.60B

Operating Income

$1.97B

EBITDA

$2.35B

Operating Cash Flow

$987.99M

Capital Expenditure

-$166.22M

Free Cash Flow

$821.77M

Cash & ST Invst.

$1.82B

Total Debt

$6.20B

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
Q32025-08-315.2%
Q42025-11-306.3%
Q12026-02-28-29.3%
Q22026-05-3119.9%
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
Q32025-08-3126.5%
Q42025-11-30-15.7%
Q12026-02-28-51.3%
Q22026-05-3130.9%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$7.94B

-5.2%

Gross Profit

$490.47M

-39.0%

Gross Margin

6.18%

N/A

Market Cap

$19.36BMarket 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

$1.54M

N/A

Employees

12,532

N/A

Net Income

$308.13M

-35.5%

EBITDA

$468.47M

-30.7%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$1.82B

+24.8%

Total Debt

$6.20B

+38.5%

Accounts Receivable

$978.80M

-33.4%

Inventory

$12.38B

-14.7%

Long Term Debt

$4.05B

-3.1%

Short Term Debt

$2.15B

+625.6%

Return on Assets

4.80%

N/A

Return on Invested Capital

6.62%

N/A

Free Cash Flow

-$303.24M

+72.7%

Operating Cash Flow

-$284.38M

+74.0%

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Questions About LEN

What is the current price of Lennar?

Lennar is trading at $80.37 per share.

What is the 52-week range for Lennar?

Over the past 52 weeks, Lennar has traded between $79.83 and $140.71.

How much debt does Lennar have?

As of the most recent reporting period, Lennar reported total debt of $6.25B.

How much cash does Lennar have on hand?

Lennar reported $2.14B in cash and cash equivalents in its most recent financial results.

What is Lennar’s dividend yield?

Lennar currently has a dividend yield of 2.49%.

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