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LENLennar Corporation
$88.21$21.9B
Overview & Verdict
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LEN logoLennar Corporation(LEN)Earnings, Financials & Key Ratios

LEN•NYSE
$87.06
10.9× P/E·Price updated Jul 2, 2026
SectorConsumer CyclicalIndustryHomebuildersSub-IndustryPublic single-family homebuilders
AboutLennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.Show more
  • Revenue$34.19B-3.5%
  • EBITDA$2.88B-41.9%
  • Net Income$2.08B-47.2%
  • EPS (Diluted)7.98-44.2%
  • Gross Margin9.91%-36.1%
  • EBITDA Margin8.44%-39.8%
  • Operating Margin8.05%-41.2%
  • Net Margin6.08%-45.2%
  • ROE8.29%-42.3%

LEN Price & Volume

Lennar Corporation (LEN) stock price & volume — 10-year historical chart

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Cyclical Margin Compression Strains Lennar Financial Performance

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Healthy
Cash Flow:Deteriorating
Primary Risk:Margin compression and volume

Key Thesis Takeaways

  • Lennar faces significant headwinds as revenue growth contracted by 13.3% in 2026Q1, driven by persistent affordability constraints and aggressive mortgage rate buy-downs.
  • While the company maintains a disciplined balance sheet with a 0.20 debt-to-equity ratio, the sharp decline in gross margins to 5.9% suggests that the current asset-light strategy may struggle to sustain profitability.
  • Investors should monitor the sustainability of capital returns, as the firm continues to deploy cash toward dividends and buybacks despite generating a negative $358.5 million in free cash flow.

Verdict Logic

the company's decision to return $393.2 million to shareholders via dividends and buybacks while reporting a negative $358.5 million in free cash flow raises significant concerns regarding long-term capital sustainability.

LEN Growth Metrics

Lennar Corporation (LEN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years13.69%
5 Years8.74%
3 Years0.51%
TTM-7.23%

Profit CAGR

10 Years9.98%
5 Years-3.36%
3 Years-23.35%
TTM-52.1%

EPS CAGR

10 Years8.94%
5 Years0.33%
3 Years-20.23%
TTM-49.24%

Return on Capital

10 Years13.22%
5 Years16.26%
3 Years13.45%
Last Year8.81%

LEN Recent Earnings

Lennar Corporation (LEN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 3/12 qtrs (33%)●Beat Revenue 5/12 qtrs (56%)
Q3 2026Latest
Jun 11, 2026
Metric
Actual
Est
EPS
$1.24+0.0%
$1.24
Rev
$7.9B-1.8%
$8.1B
Q2 2026
Mar 12, 2026
Metric
Actual
Est
EPS
$0.93-2.4%
$0.95
Rev
$6.6B-3.2%
$6.8B
Q1 2026
Jan 28, 2026
Metric
Actual
Est
EPS
$1.94
—
Rev
$9.4B
—
Q4 2025
Dec 16, 2025
Metric
Actual
Est
EPS
$1.93-12.7%
$2.21
Rev
$9.4B+4.1%
$9.0B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026LatestJun 11, 2026
$1.24vs $1.24+0.0%
$7.9Bvs $8.1B-1.8%
Q2 2026Mar 12, 2026
$0.93vs $0.95-2.4%
$6.6Bvs $6.8B-3.2%
Q1 2026Jan 28, 2026
$1.94
$9.4B
Q4 2025Dec 16, 2025
$1.93vs $2.21-12.7%
$9.4Bvs $9.0B+4.1%
Based on last 12 quarters of dataView full earnings history →

Latest LEN News

Recent stock market news and headlines for Lennar Corporation (LEN)

The Motley Fool·Jun 27, 2026
Lennar vs. NVR: Which Homebuilder Stock Is a Better Buy in 2026?

Lennar leverages its massive national scale and integrated financial services to capture value across the entire home-buying process. NVR utilizes a land-light business model that prioritizes capital efficiency and risk mitigation over direct land ownership.

Barrons·Jun 26, 2026
Home Builder Stocks Are Showing Newfound Strength. Why a 30% Gain Is Possible.

Technical analysis indicates a home builder ETF could climb nearly 30% by the end of the year.

Investors Business Daily·Jun 26, 2026
If You Own These 10 Stocks — Analysts Think You Should Sell Them

Analysts don't like to put "sell" ratings on S&P 500 stocks. So the fact they're willing to do it with some is worth your attention.

247 Wallst·Jun 25, 2026
268 U.S. Cities Now Have $1 Million Starter Homes as Housing Affordability Worsens. Here’s Why

The American starter home, once a symbol of accessible homeownership, has crossed into seven-figure territory in a growing number of metros. According to Katie Hubbard, president of U.S. Capital Markets at Walton Global, 268 U.S. cities now have entry-level homes priced at $1 million, concentrated mostly in California and New York. According to Zillow, the... 268 U.S. Cities Now Have $1 Million Starter Homes as Housing Affordability Worsens. Here's Why

PRNewsWire·Jun 25, 2026
Lennar Corporation Declares Quarterly Dividends

MIAMI, June 25, 2026 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on July 24, 2026 to holders of record at the close of business on July 10, 2026. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations.

Peers Comparison

Key metrics vs top competitors for Lennar Corporation (LEN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
LEN logoLENLennar CorporationCurrent
$87.06$21.62B10.91-3.54%6.08%8.29%2.32%
DHI logoDHID.R. Horton, Inc.
$157.06$45.5B13.57-6.93%9.51%12.94%—
PHM logoPHMPulteGroup, Inc.
$132.59$25.48B11.92-3.54%12.14%15.92%—
NVR logoNVRNVR, Inc.
$6643.73$17.93B15.22-2.08%12.77%32.66%—
TOL logoTOLToll Brothers, Inc.
$157.48$14.91B11.671.11%11.66%15.47%—
MHO logoMHOM/I Homes, Inc.
$156.56$4.03B10.62-1.93%8.24%11.42%—

Compare LEN vs Peers

Lennar Corporation (LEN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DHI

Most directly comparable listed peer for LEN.

Scale Benchmark

vs SHW

Larger-name benchmark to compare LEN against a more recognizable public peer.

Peer Set

Compare Top 5

vs DHI, PHM, NVR, TOL

LEN SEC Filings & Documents

Lennar Corporation (LEN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 12, 2026·SEC

Material company update

Jun 11, 2026·SEC

Material company update

Jun 8, 2026·SEC

10-K Annual Reports

2
FY 2026

Jan 28, 2026·SEC

FY 2025

Jan 23, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 9, 2026·SEC

FY 2025

Oct 3, 2025·SEC

FY 2025

Jul 1, 2025·SEC

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LEN Frequently Asked Questions

Lennar Corporation (LEN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Lennar Corporation's revenue?

Lennar Corporation (LEN) reported $33.17B in revenue for fiscal year 2025. This represents a 3085% increase from $1.04B in 1996.

How fast is Lennar Corporation growing?

Lennar Corporation (LEN) saw revenue decline by 3.5% over the past year.

Is LEN profitable?

Yes, Lennar Corporation (LEN) is profitable, generating $1.79B in net income for fiscal year 2025 (6.1% net margin).

Dividend & Returns
Does LEN pay dividends?

Yes, Lennar Corporation (LEN) pays a dividend with a yield of 2.32%. This makes it attractive for income-focused investors.

What is LEN's return on equity?

Lennar Corporation (LEN) has a return on equity (ROE) of 8.3%. This is below average, suggesting room for improvement.

What is Lennar Corporation's free cash flow?

Lennar Corporation (LEN) generated $14.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in LEN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →