OakChart

Lennar Corp

LENConsumer Cyclical·Residential Construction·USA·Large·NYSE·Nov 11 • 3:59 PM ET

86.33-0.33 (-0.38%)
2026-11-11 23:11 CET
Market cap
20,616.41 USD m
Revenue, TTM
31,996.00 USD m
Net income, TTM
1,295.22 USD m
Free cash flow, TTM
1,039.84 USD m
EPS diluted, TTM
5.29
P/E
16.33
Compare

Price

LEN against its 20, 50 and 200-day averages
2050200beatmiss
70.0080.0090.00100.00110.005.9M11.9MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26LENclose 86.3320-day 84.7550-day 81.60200-day 90.2086.3352w low

35.5% under the 52-week high of 133.76 on 3 Dec 2025. 52-week low 71.78 on 14 Oct 2026. Last 15 sessions, 22.8% high to low

Volume 0.88× normal · the line is the 50-bar volume average

Profile

LEN
52-week range, 23% of the way up
71.78133.76

Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding, Financial Services, Multifamily, and Lennar Other. The Homebuilding segment refers to the construction and sale of single-family attached and detached homes and the purchase, development, and sale of residential land directly and through entities. The Financial Services segment focuses on mortgage financing, title, and closing services for buyers. The Multifamily segment is involved in the development, construction, and property management of multifamily rental properties. The Lennar Other segment includes funds, asset management platform, and strategic investments in technology companies. The company was founded in 1954 and is headquartered in Miami, FL.

IndexS&P 500, RUI
Employees12532
IPOJun 23, 1971
Beta1.38
ATR, 14d3.70
Rel volume0.88
Short float10.58%
Insider own14.22%
Inst own98.17%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap20.48B
Enterprise Value25.27B
Income1.30B
Sales32.00B
Book/sh90.62
Cash/sh6.17
Dividend Est.2.00 (2.32%)
Dividend TTM2.00 (2.32%)
Dividend Ex-DateOct 07, 2026
Dividend Gr. 3/5Y10.06% 26.39%
Payout25.05%
Employees12532
IPOJun 23, 1971

Ratios

P/E16.33
Forward P/E17.32
PEG-
P/S0.64
P/B0.95
P/C13.98
P/FCF19.70
EV/EBITDA13.44
EV/Sales0.79
Quick Ratio0.90
Current Ratio5.19
Debt/Eq0.28
LT Debt/Eq0.28
Option/ShortYes / Yes

Earnings

EPS (ttm)5.29
EPS next Y4.99
EPS next Q1.43
EPS this Y-39.77%
EPS next Y3.73%
EPS next 5Y-8.99%
EPS past 3/5Y-20.22% 0.35%
Sales past 3/5Y0.42% 8.73%
EPS Y/Y TTM-47.77%
Sales Y/Y TTM-8.01%
EPS Q/Q-48.24%
Sales Q/Q-8.42%
EarningsSep 16 AMC
EPS/Sales Surpr.-6.91% -3.28%

Ownership

Insider Own14.22%
Insider Trans28.59%
Inst Own98.17%
Inst Trans-1.52%
ROA3.80%
ROE5.87%
ROIC4.68%
Gross Margin16.08%
Oper. Margin5.44%
Profit Margin4.05%
SMA201.87%
SMA505.80%
SMA200-4.29%
Trades-

Technical

Shs Outstand207.88M
Shs Float204.06M
Short Float10.58%
Short Ratio5.03
Short Interest21.58M
52W High133.76 -35.46%
52W Low71.78 20.27%
Volatility4.07% 3.78%
ATR (14)3.70
RSI (14)52.64
Beta1.38
Rel Volume0.88
Avg Volume4.29M
Volume3,788,187

Performance

Perf Week-6.36%
Perf Month15.23%
Perf Quarter-1.38%
Perf Half Y1.60%
Perf YTD-16.02%
Perf Year-31.18%
Perf 3Y-26.48%
Perf 5Y-15.58%
Perf 10Y121.57%
Recom3.65
Target Price74.57
Prev Close86.66
Price86.33
Change %-0.38%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 06, 2026InitiatedMMeliusSell$72-16.6%
Oct 01, 2026InitiatedMMorgan StanleyUnderweight$65-24.7%
Jun 09, 2026DowngradeKKeefe BruyetteMkt Perform → Underperform$86-0.4%
Apr 07, 2026DowngradeSSeaport Research PartnersBuy → Sell$74-14.3%
Mar 04, 2026InitiatedTTruistHold$110+27.4%
Jan 07, 2026DowngradeCCitizens JMPMkt Outperform → Mkt Perform
Jan 06, 2026DowngradeUUBSBuy → Neutral$122+41.3%
Dec 18, 2025DowngradeRRBC Capital MktsSector Perform → Underperform$95+10.0%
Dec 18, 2025DowngradeEEvercore ISIIn-line → Underperform$92+6.6%
Dec 18, 2025DowngradeBBofA SecuritiesNeutral → Underperform$95+10.0%

Peers

Mkt cap
TickerCompanyMkt cap
DHID.R. Horton Inc40.03B
PHMPulteGroup Inc23.84B
MTHMeritage Homes Corp4.29B
NVRNVR Inc15.60B
KBHKB Home3.04B
TOLToll Brothers Inc13.91B
LGIHLGI Homes Inc992.25M
MHOMI Homes Inc3.22B
GRBKGreen Brick Partners Inc2.66B
CCSCentury Communities Inc1.50B

Insider trading

12 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
BERKSHIRE HATHAWAY INC10% OwnerOct 02 '26Buy79.441,708,095135,689,42728,438,045Oct 05 09:02 PM
BERKSHIRE HATHAWAY INC10% OwnerOct 01 '26Buy80.14710,54256,945,00626,740,126Oct 05 09:02 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 30 '26Buy81.58642,82152,441,31326,034,436Sep 30 07:52 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 29 '26Buy81.9312,3891,015,08425,395,623Sep 30 07:52 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 28 '26Buy81.965,200426,19225,383,334Sep 30 07:52 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 24 '26Buy80.88653,32052,839,46624,893,032Sep 25 08:02 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 23 '26Buy81.65534,25643,619,90624,252,102Sep 25 08:02 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 25 '26Buy81.12492,12439,923,41825,378,134Sep 25 08:02 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 18 '26Buy76.481,381,397105,644,54723,075,025Sep 21 09:31 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 17 '26Buy78.98695,01454,889,31721,728,350Sep 21 09:31 PM
BERKSHIRE HATHAWAY INC10% OwnerSep 21 '26Buy77.74667,11851,861,28723,719,109Sep 21 09:31 PM
JAFFE JONATHAN MFormer AffiliateFeb 19 '26Proposed Sale116.6858,0006,767,684Feb 19 03:11 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
ITBiShares U.S. Home Construction ETFAUM: 2.19B
VTVVanguard Morningstar Value ETFAUM: 196.23B
EAGLEagle Capital Select Equity ETFAUM: 4.93B
XLYState Street Consumer Discretionary Select Sector SPDR ETFAUM: 23.35B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-09-161.1901.2781.1908,0468,31915
2026Q22026-06-111.2401.2361.2457,9408,08516
2026Q12026-03-120.9300.9530.9296,6196,83616
2025Q42025-12-161.9302.2071.9289,3689,00116
2025Q32025-09-182.2902.0952.2928,8108,97115
2025Q22025-06-161.8101.9421.8108,3788,17716
2025Q12025-03-201.9601.7021.9597,6327,43316
2024Q42024-12-183.9013.9814.0639,94710,06016
2024Q32024-09-194.2603.6494.2639,4169,14114
2024Q22024-06-173.4503.2323.4488,7668,48319
2024Q12024-03-132.5702.2102.5737,3137,39020
2023Q42023-12-144.8204.5924.81710,96810,22819
2023Q32023-09-143.8703.5193.8748,7308,49018
2023Q22023-06-143.0102.3283.0128,0457,22419
2023Q12023-03-142.0601.5542.0596,4905,90717
2022Q42022-12-144.5504.8724.55110,1749,97117

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY3.3803.7893.38012,64612,355
2018FY5.4404.9795.43720,57220,467
2019FY5.7405.5515.74322,26021,684
2020FY7.8507.3627.84622,48922,237
2021FY14.27014.52714.26727,13127,192
2022FY15.72016.20915.72433,67133,495
2023FY13.73013.56213.73034,23333,181
2024FY13.75113.84014.31435,44135,313
2025FY7.9808.2677.98034,18733,971
2026FY-4.806--31,429
2027FY-4.986--31,664
2028FY-6.015--33,039

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-20150138,7338,3269,433
2026Q4S2026-09-21150128,7398,3399,433
2026Q4S2026-09-18150128,7768,3399,433
2026Q4S2026-09-17140118,9348,5059,490
2026Q4S2026-09-1613039,4369,1319,693
2026Q4S2026-09-1513039,4369,1319,693
2026Q4S2026-09-1413039,4329,1319,693
2026Q4S2026-09-1113029,4699,1319,693
2026Q4S2026-09-0414029,4539,1319,693
2026Q4S2026-09-0214019,4659,1319,693
2026Q4S2026-08-3113019,4689,1319,693
2026Q4S2026-08-2913019,4729,1319,693
2026Q4S2026-08-2613029,4729,1319,693
2026Q4S2026-08-0513359,4729,1319,693

Estimate history

EPS, annual3.385.4375.7437.84614.26715.72413.7314.3147.9855.2874
Period201720182019202020212022202320242025TTM
EPS, quarterly4.2634.0631.9591.812.2921.9280.9291.2451.186
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual12650.78520568.78522256.71522464.1227141.91433709.53434287.96135476.66834131.0431996
Period201720182019202020212022202320242025TTM
Sales, quarterly9392.13710016.8617618.2638353.3568795.3229364.0996602.1197975.1758054.604
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual239.964324.238315.893312.699299.434289.81280.948268.234246.992237.9
Period201720182019202020212022202320242025MRQ
Shares, quarterly271.245268.234263.794259.007255.021246.992246.298240.895237.9
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue31,996.0034,131.0435,476.6734,287.9633,709.5327,141.9122,464.1222,256.7220,568.78
Cost of Goods Sold Incl. D&A26,852.6328,121.4727,462.1826,061.3524,504.6219,797.3417,292.6517,742.0816,629.28
Gross Profit5,143.366,009.578,014.488,226.619,204.917,344.575,171.474,514.633,939.50
Selling, General and Administrative Excl. Other3,402.213,397.643,209.512,805.462,445.142,254.902,055.512,007.401,952.10
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income1,741.162,611.934,804.985,421.156,759.775,089.673,115.962,507.241,987.40
Interest Expense-13.8718.7715.4319.1320.1422.4017.6211.26
Unusual Expense-38.22-186.0610.04104.76693.62-669.340.2746.05187.04
Net Income Before Taxes1,785.762,813.865,184.915,202.306,014.575,819.063,123.792,434.292,262.68
Income Taxes460.83705.561,217.251,241.011,366.071,362.51656.24592.17545.17
Consolidated Net Income1,311.892,088.203,928.833,912.764,596.524,403.632,439.161,825.981,702.65
Net Income From Continuing Operations1,295.222,058.083,893.713,889.974,562.154,377.192,436.651,832.911,680.96
Net Income1,295.222,058.083,893.713,889.974,562.154,377.192,436.651,832.911,680.96
EPS (Recurring)5.347.4814.3413.9917.4012.747.855.845.86
EPS (Basic, Before Extraordinaries)5.297.9814.3113.7315.7414.287.885.765.46
EPS (Diluted)5.297.9814.3113.7315.7214.277.855.745.44
EBITDA1,880.752,746.244,920.515,531.326,846.855,175.623,210.512,599.432,078.59
Non-Operating Income (Expense)6.3929.75408.74-98.66-32.4680.1930.50-9.27473.57
Other After Tax Adjustments-13.04-20.10-38.82-48.54-51.98-52.92-28.39-16.14-14.87
Stock Option Compensation Expense113.00129.16139.57126.97145.4398.6278.2163.4757.40
Price To Earnings Ratio16.3916.3911.108.935.357.079.299.487.81
Price To Sales Ratio0.630.991.341.060.761.191.040.850.64
Gross Margin16.0817.6122.5923.9927.3127.0623.0220.2819.15
Operating Margin5.447.6513.5415.8120.0518.7513.8711.279.66
Net Margin4.056.0310.9811.3513.5316.1310.858.248.17
Shares Outstanding237.90246.99268.23280.95289.81299.43312.70315.89324.24
Market Capitalization20,616.4120,616.4145,454.3134,953.4124,573.9731,239.9722,797.3218,205.7513,561.68

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue8,054.607,975.186,602.129,364.108,795.328,353.367,618.2610,016.86
Cost of Goods Sold Incl. D&A6,713.546,686.515,611.287,841.307,241.196,884.236,154.767,708.77
Gross Profit1,341.061,288.66990.841,522.801,554.131,469.131,463.512,308.09
Selling, General and Administrative Excl. Other872.76855.06792.00882.38869.47864.83780.95874.22
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income468.30433.60198.84640.41684.66604.30682.561,433.87
Interest Expense-------4.47
Unusual Expense61.8258.55-32.20-126.40-114.185.2949.2257.27
Net Income Before Taxes387.08413.19302.45683.04790.70641.88698.241,457.93
Income Taxes101.59105.0669.09185.09190.89160.06169.53358.06
Consolidated Net Income283.59303.05231.03494.22594.56475.54523.901,089.58
Net Income From Continuing Operations281.98299.70227.05486.50585.72471.17514.711,085.92
Net Income281.98299.70227.05486.50585.72471.17514.711,085.92
EPS (Recurring)1.371.410.841.581.981.822.094.21
EPS (Basic, Before Extraordinaries)1.191.240.931.932.291.811.964.06
EPS (Diluted)1.191.240.931.932.291.811.964.06
EBITDA504.20468.92232.23675.40718.83638.12713.891,464.28
Non-Operating Income (Expense)-19.4038.1471.41-83.77-8.1342.8864.9085.80
Other After Tax Adjustments-1.89-5.08-2.33-3.74-5.25-6.28-4.82-10.29
Stock Option Compensation Expense23.1120.7549.2819.8520.1522.7366.4317.84
Price To Earnings Ratio16.3912.9014.3212.9711.017.728.3411.10
Price To Sales Ratio0.630.660.840.970.980.780.881.31
Gross Margin16.6516.1615.0116.2617.6717.5919.2123.04
Operating Margin5.815.443.016.847.787.238.9614.31
Net Margin3.503.763.445.206.665.646.7610.84
Shares Outstanding237.90240.90246.30246.99255.02259.01263.79268.23
Market Capitalization20,616.4122,112.6328,245.4333,484.2634,484.1927,983.2731,764.2845,454.31

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments3,804.804,978.416,557.464,792.722,933.762,917.521,458.021,573.712,662.88
Short Term Receivables1,470.861,652.561,696.201,614.281,296.85938.08906.881,041.84520.60
Inventories11,841.2520,312.4318,897.6721,862.4519,169.4017,175.1518,091.6117,346.6011,069.51
Other Current Assets25.9311.8013.4823.0521.9315.2110.6722.2731.21
Total Current Assets17,142.8526,955.2027,164.8128,292.5023,421.9321,045.9620,467.1819,984.4114,284.19
Net Property, Plant & Equipment911.85791.45550.60505.06495.52524.91281.56345.49301.12
Total Investments and Advances9,339.916,470.594,585.562,753.213,223.032,424.052,295.922,029.041,863.16
Long-Term Note Receivable--------1.93
Intangible Assets3,632.063,632.063,632.063,632.063,632.063,632.063,657.883,680.05196.40
Deferred Tax Assets-------532.95301.84
Other Assets3,403.773,463.493,301.272,801.472,435.242,308.212,656.981,994.231,796.39
Total Assets34,430.4441,312.7839,234.3037,984.2933,207.7829,935.1829,359.5128,566.1818,745.03
Short Term Debt Incl. Current Port. of LT Debt2,207.172,431.182,553.762,275.862,332.891,499.441,797.062,570.901,478.89
Accounts Payable1,812.481,839.441,631.401,616.131,321.251,037.341,265.211,325.40754.67
Other Current Liabilities1,476.383,563.932,540.891,967.55976.60706.69260.27175.59380.72
Total Current Liabilities5,496.037,834.566,726.065,859.534,630.743,243.473,322.534,071.892,614.27
Long Term Debt3,931.992,020.172,584.544,082.114,208.986,044.987,776.647,546.166,493.63
Provision for Risks Charges737.49723.64660.60628.12546.12467.17403.74420.5190.20
Deferred Tax Liabilities--------4.15
Other Liabilities2,124.322,713.182,561.153,174.162,825.652,080.161,822.771,844.671,556.65
Total Liabilities12,289.8313,291.5612,532.3413,743.9312,211.5011,835.7813,325.6813,883.2210,758.90
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity21,959.4227,870.1326,580.6624,100.5020,816.4217,994.8615,949.5214,581.537,872.32
Total Shareholders Equity21,959.4227,870.1326,580.6624,100.5020,816.4217,994.8615,949.5214,581.537,872.32
Accumulated Minority Interest181.19151.09121.30139.87179.86104.5584.31101.42113.81
Total Equity22,140.6128,021.2226,701.9724,240.3720,996.2818,099.4016,033.8314,682.967,986.13
Total Liabilities & Stockholders Equity34,430.4441,312.7839,234.3037,984.2933,207.7829,935.1829,359.5128,566.1818,745.03
Book Value Per Share88.91103.9094.6183.1669.5257.5550.4944.9732.81
Tangible Book Value Per Share74.2090.3681.6870.6357.3945.9338.9133.6231.99
Full-Time Employees12,53213,26512,28412,01210,7539,49510,10611,6269,111
Price to Book Ratio0.961.661.301.011.451.271.180.911.88
Return on Assets5.439.6710.0812.8213.868.226.337.114.71
Return on Equity8.2614.3015.3520.3122.5614.3612.0114.9710.78
Return on Invested Capital7.9513.0313.3416.1917.4910.147.737.605.59
Quick Ratio0.960.851.231.100.921.190.710.651.23
Current Ratio3.123.444.044.835.066.496.164.915.46

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income1,324.932,108.303,967.663,961.294,648.504,456.552,467.551,842.121,717.51
Depreciation139.59134.31115.53110.1687.0885.9594.5592.2091.18
Other Funds (Non Cash)722.51565.35488.25704.361,496.52-188.27438.24545.27166.65
Funds from Operations2,314.592,885.264,631.854,707.855,985.454,545.863,092.432,715.092,243.38
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-1,148.71-2,386.91-1,997.38571.54-2,321.36-1,650.901,319.10-827.07-185.39
Cash from Operating Activities1,165.88498.352,634.475,279.383,664.092,894.954,411.531,888.022,057.99
Capital Expenditures-126.03-188.63-171.50-99.80-57.21-65.17-72.75-86.50-130.44
Net Assets From Acquisitions-49.41-274.37-46.65-71.27-91.33-24.61-42.35-43.73-1,192.85
Sale of Fixed Assets and Businesses135.80182.9381.5634.3666.50114.55225.53131.61428.98
Purchase or Sale of Investments-67.69117.67-423.59-190.04-495.60-446.99-478.72-405.72-151.97
Purchase of Investments-144.79-257.17-430.08-209.04-541.17-536.35-534.89-476.10-487.52
Sale Or Maturity of Investments77.10374.846.4919.0045.5789.3656.1770.38335.55
Other Uses0.000.000.000.000.000.000.000.00-0.14
Other Sources0.00114.660.000.001.400.021.642.384.34
Cash from Investing Activities-107.33-47.74-560.19-326.75-576.24-422.20-366.65-401.96-1,042.09
Cash Dividends Paid-492.54-520.96-548.82-430.56-438.04-309.78-195.04-51.45-49.16
Change in Capital Stock-992.75-1,808.37-2,256.46-1,182.71-1,039.31-1,430.21-321.52-522.58-296.77
Repurchase of Common Pref Stock-992.75-1,808.37-2,256.46-1,182.71-1,039.31-1,430.21-321.52-523.07-299.83
Sale of Common Pref Stock0.000.000.000.000.000.000.000.493.06
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.493.06
Issuance or Reduction of Debt, Net497.551,704.99-830.24-1,197.54-214.01-1,078.98-2,294.14-1,035.46-1,774.98
Change in Long Term Debt497.551,704.99-830.24-1,197.54-214.01-1,078.98-2,294.14-1,035.46-1,774.98
Issuance of Long Term Debt1,220.002,403.500.0028.71409.07276.0892.69255.28336.36
Reduction of Long Term Debt-722.45-698.51-830.24-1,226.25-623.08-1,355.06-2,386.83-1,290.74-2,111.34
Net Financing Active Other Cash Flow-328.91-985.75-19.49-386.66463.59369.17229.87-3.85-3.54
Other Financing Activities Uses-342.34-987.86-215.02-847.97-703.63-350.58-116.54-3.85-3.54
Cash from Financing Activities-1,316.65-1,610.08-3,655.02-3,197.47-1,227.77-2,449.80-2,580.84-1,613.35-2,124.45
Net Change in Cash-258.11-1,159.48-1,580.731,755.171,860.0922.951,464.04-127.28-1,108.55
Free Cash Flow1,039.84309.722,462.975,179.583,606.882,829.784,338.781,801.521,927.55
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow36.54-24.787.638.0312.785.6610.857.02
Deferred Taxes & Investment Tax Credit-77.3060.43-67.97-246.65191.6392.08235.49268.04

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,464.802,144.572,367.273,804.801,727.071,455.03
Short Term Receivables1,269.141,473.801,306.261,470.861,550.281,470.74
Inventories13,149.5812,584.2612,334.9411,841.2513,700.1614,516.80
Other Current Assets34.0929.2027.5425.9329.9323.99
Total Current Assets15,917.6116,231.8416,036.0117,142.8517,007.4417,466.56
Net Property, Plant & Equipment238.00232.60252.32911.85285.19277.13
Total Investments and Advances9,949.429,772.349,542.929,339.9110,028.899,310.81
Intangible Assets3,632.063,632.063,632.063,632.063,632.063,632.06
Other Assets3,641.143,832.613,747.033,403.773,924.843,687.99
Total Assets33,378.2233,701.4633,210.3434,430.4434,878.4034,374.55
Short Term Debt Incl. Current Port. of LT Debt23.01442.11428.982,207.17265.50296.52
Accounts Payable1,795.951,784.921,737.581,812.481,521.242,126.00
Other Current Liabilities1,250.441,312.691,447.701,476.381,987.262,318.00
Total Current Liabilities3,069.403,539.713,614.265,496.033,774.014,740.52
Long Term Debt6,095.685,802.903,886.333,931.995,397.704,177.88
Provision for Risks Charges345.52383.15381.67737.49422.88442.06
Other Liabilities2,171.202,209.963,295.832,124.322,532.252,282.21
Total Liabilities11,681.8111,935.7311,178.0812,289.8312,126.8511,642.66
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity21,558.9621,620.6421,879.3821,959.4222,570.3222,579.08
Total Shareholders Equity21,558.9621,620.6421,879.3821,959.4222,570.3222,579.08
Accumulated Minority Interest137.46145.09152.89181.19181.24152.80
Total Equity21,696.4221,765.7322,032.2622,140.6122,751.5622,731.88
Total Liabilities & Stockholders Equity33,378.2233,701.4633,210.3434,430.4434,878.4034,374.55
Book Value Per Share90.6289.7588.8388.9188.5087.18
Tangible Book Value Per Share75.3574.6774.0974.2074.2673.15
Full-Time Employees---12,532--
Price to Book Ratio0.961.011.291.481.531.23
Return on Assets3.804.705.195.437.128.83
Return on Equity5.877.247.948.2610.6313.04
Return on Invested Capital1.021.090.881.882.091.76
Quick Ratio0.901.031.020.960.880.62
Current Ratio5.194.594.443.124.513.68

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income285.49308.13233.36497.96599.81481.82
Depreciation35.9035.3233.3934.9834.1733.83
Other Funds (Non Cash)274.84196.92112.47138.2841.98241.42
Funds from Operations660.37559.62423.42671.18714.91771.97
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-715.58-815.46-751.921,134.24-813.13-1,727.24
Cash from Operating Activities-55.21-255.84-328.501,805.43-98.22-955.27
Capital Expenditures8.02-18.86-29.99-85.20-32.16-15.22
Net Assets From Acquisitions-10.90-15.70-10.71-12.10-1.81-23.64
Sale of Fixed Assets and Businesses31.11-24.7027.25102.149.0620.14
Purchase or Sale of Investments-23.37-25.68-7.81-10.82-39.58-65.17
Purchase of Investments-28.46-27.57-38.06-50.70-57.52-66.78
Sale Or Maturity of Investments5.091.8930.2539.8817.941.61
Other Uses0.000.000.000.000.000.00
Other Sources-26.2426.240.000.000.00114.66
Cash from Investing Activities-21.38-58.70-21.26-5.99-64.5030.77
Cash Dividends Paid-119.40-123.06-123.48-126.60-129.12-133.59
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-255.90-467.09-269.71-0.06-512.42-521.42
Repurchase of Common Pref Stock-255.90-467.09-269.71-0.06-512.42-521.42
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-138.49760.17-611.39487.261,177.29601.87
Change in Long Term Debt-138.49760.17-611.39487.261,177.29601.87
Issuance of Long Term Debt476.56173.440.00570.00737.911,095.58
Reduction of Long Term Debt-615.05586.73-611.39-82.74439.38-493.72
Net Financing Active Other Cash Flow-84.51-76.51-81.58-86.31-95.05-131.35
Other Financing Activities Uses-84.51-88.08-81.58-88.17-95.05-131.35
Cash from Financing Activities-598.3093.51-1,086.16274.29440.70-184.49
Net Change in Cash-674.89-221.03-1,435.922,073.74277.98-1,109.00
Free Cash Flow-47.19-274.70-358.501,720.22-130.39-970.49
Price to Free Cash Flow36.5447.57---315.87

Revenue breakdown

Land2024: 93.38M 2025: 130.23M
Other2024: 1.57B 2025: 1.96B
Real Estate, Other2024: 33.78B 2025: 32.10B
United States2024: 35.44B 2025: 34.19B
Homebuilding Central2024: 7.88B 2025: 7.76B
Homebuilding East2024: 8.25B 2025: 6.97B
Homebuilding Other Regions2024: 33.49M 2025: 26.83M
Homebuilding South Central2024: 4.79B 2025: 5.60B
Homebuilding West2024: 12.96B 2025: 11.91B
Lennar - Other2024: 14.23M 2025: 41.43M
Lennar Financial Services2024: 1.11B 2025: 1.20B
Lennar Multifamily2024: 411.54M 2025: 680.63M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3010.58%21.6M204.1M4.08M
2026-10-1511.35%23.2M204.1M3.88M
2026-09-309.38%19.1M204.1M3.21M
2026-09-158.79%18.2M206.6M2.65M
2026-08-318.83%18.2M206.6M2.58M
2026-08-148.35%17.3M206.6M2.62M
2026-07-318.11%16.8M206.6M2.70M
2026-07-158.22%17.0M206.6M2.66M
2026-06-308.53%17.6M206.6M2.86M
2026-06-158.57%18.1M211.2M2.96M
2026-05-297.95%16.8M211.3M2.99M
2026-05-157.43%15.7M211.3M2.92M
2026-04-306.89%14.5M211.0M2.98M
2026-04-155.95%12.6M211.0M3.06M
2026-03-315.24%11.1M212.5M3.18M
2026-03-134.77%10.1M212.5M3.27M
2026-02-274.40%9.3M211.7M3.92M
2026-02-133.97%8.4M211.7M5.67M
2026-01-303.85%8.2M211.9M5.82M
2026-01-154.01%8.8M219.8M5.90M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call60.0024.3027.3030.673.9931.000.000.990-0.1030.002
call61.0023.3026.2030.023.7382.000.000.989-0.1020.002
call62.0022.3025.3029.093.7102.000.000.989-0.1020.002
call63.0021.3024.4028.503.6742.000.000.989-0.1010.002
call64.0020.3022.6024.822.5034.000.000.988-0.1000.002
call65.0019.3021.6019.762.3943.004.000.988-0.1000.002
call66.0018.4020.6018.832.2870.004.000.987-0.0990.002
call67.0017.3020.4011.503.1211.000.000.986-0.0980.002
call68.0016.3018.9010.602.4901.000.000.986-0.0970.002
call69.0015.3018.5018.562.9361.000.000.985-0.0960.002
call70.0015.0016.7017.632.01311.000.000.984-0.0950.002
call71.0013.3015.6014.541.7631.000.000.983-0.0940.003
call72.0012.3015.2020.851.4923.000.000.982-0.0930.003
call73.0011.3014.407.522.3231.000.000.981-0.0920.003
call74.0010.3013.406.242.1921.000.000.980-0.0900.003
call75.009.3011.6017.701.35710.000.000.978-0.0890.003
call76.008.3010.609.001.2567.002.000.977-0.0870.003
call77.008.009.608.001.15557.002.000.959-0.1430.005
call78.006.308.9013.260.9317.000.000.955-0.1400.006
call79.005.607.9012.330.83816.000.000.949-0.1380.006
call80.004.906.605.420.85118.001.000.939-0.1450.007
call81.004.106.505.011.3185.002.000.870-0.2930.013
call82.003.005.003.000.90716.007.000.854-0.2750.014
call83.002.303.905.850.60229.000.000.820-0.2770.016
call84.002.103.002.550.64193.0023.000.727-0.3770.020
call85.001.252.401.200.67412013.000.639-0.4250.023
call86.000.852.551.500.53915.0019.000.545-0.4240.024
call87.000.701.050.900.48718724.000.440-0.3990.024
call88.000.250.750.330.60053.0019.000.368-0.4620.023
call89.000.200.500.250.53316.003.000.295-0.4350.021
call90.000.100.400.200.64495.0028.000.249-0.4360.019
call91.000.000.200.100.60224.006.000.174-0.3280.016
call92.000.000.100.080.58391.0017.000.115-0.2370.012
call93.000.000.350.050.65810314.000.089-0.2050.010
call94.000.000.250.040.7323,1102,9650.073-0.1870.008
call95.000.000.250.030.8033,1202,9610.050-0.1380.006
call96.000.000.050.050.7711521.000.028-0.0830.004
call97.000.000.950.550.8331460.000.026-0.0850.004
call98.000.000.750.220.8941610.000.025-0.0870.004
call99.000.000.450.240.95315.000.000.023-0.0880.003
call1000.000.050.101.08044569.000.021-0.0830.003
call1010.002.150.101.0698.000.000.021-0.0910.003
call1020.002.150.051.1258.000.000.020-0.0920.003
call1030.002.150.001.1802.000.000.019-0.0930.003
call1040.002.150.001.2345.000.000.019-0.0940.003
call1050.002.150.201.2883.000.000.018-0.0950.003
call1060.002.100.001.3400.000.000.017-0.0960.003
call1100.002.150.001.5420.000.000.015-0.1000.002
call1150.000.050.001.4230.000.000.014-0.0680.003
put60.000.000.050.081.86711.000.00-0.010-0.0670.002
put61.000.002.150.002.1960.000.00-0.010-0.1010.002
put62.000.002.100.052.1041.000.00-0.011-0.1000.002
put63.000.001.350.392.0141.000.00-0.011-0.0990.002
put64.000.002.150.001.9250.000.00-0.012-0.0990.002
put65.000.000.050.051.5023760.00-0.012-0.0640.002
put66.000.001.150.151.75020.000.00-0.013-0.0970.002
put67.000.001.350.131.66317.000.00-0.013-0.0960.002
put68.000.001.150.051.5787.000.00-0.014-0.0950.002
put69.000.001.150.331.49411.000.00-0.015-0.0940.002
put70.000.000.050.051.15763.000.00-0.015-0.0610.003
put71.000.001.150.051.32728.000.00-0.017-0.0920.003
put72.000.001.150.051.24521.000.00-0.018-0.0900.003
put73.000.001.150.081.16325.000.00-0.019-0.0890.003
put74.000.000.050.101.08213.000.00-0.020-0.0870.003
put75.000.000.050.051.00144.000.00-0.022-0.0860.003
put76.000.000.050.801.03851.000.00-0.038-0.1440.005
put77.000.000.500.050.95133.000.00-0.041-0.1400.005
put78.000.000.600.030.86328.000.00-0.045-0.1370.006
put79.000.000.800.330.77510.001.00-0.051-0.1350.006
put80.000.000.600.170.6861373.00-0.061-0.1410.007
put81.000.050.200.090.70747.0013.00-0.130-0.2900.013
put82.000.100.250.150.64750.0052.00-0.146-0.2720.014
put83.000.000.400.500.63764.008.00-0.180-0.2740.016
put84.000.000.750.560.69446.0020.00-0.273-0.3730.020
put85.000.551.050.850.67768.0027.00-0.361-0.4210.023
put86.000.951.601.200.72836.0012.00-0.454-0.4200.024
put87.000.702.152.760.7392411.00-0.560-0.3950.024
put88.002.003.203.910.92875.006.00-0.632-0.4580.023
put89.002.704.402.901.16613.000.00-0.705-0.4300.021
put90.002.905.304.521.26415876.00-0.751-0.4320.019
put91.004.506.104.511.30418.000.00-0.826-0.3230.016
put92.005.207.105.041.42814.000.00-0.885-0.2320.012
put93.006.208.102.371.5462.000.00-0.911-0.2000.010
put94.007.209.8011.002.0481.000.00-0.927-0.1820.008
put95.007.8010.808.102.16523.000.00-0.950-0.1330.006
put96.009.5011.800.002.2780.000.00-0.972-0.0780.004
put97.0010.4012.800.002.3880.000.00-0.974-0.0800.004
put98.0011.2013.800.002.4950.000.00-0.975-0.0810.004
put99.0011.8014.800.002.5990.000.00-0.976-0.0830.003
put10013.2015.8015.982.7007.000.00-0.978-0.0840.003
put10114.3016.800.002.7980.000.00-0.979-0.0850.003
put10215.2017.800.002.8950.000.00-0.980-0.0860.003
put10316.2018.800.002.9890.000.00-0.980-0.0870.003
put10417.4019.800.003.0800.000.00-0.981-0.0880.003
put10518.4020.800.003.1700.000.00-0.982-0.0890.003
put10619.3021.800.003.2590.000.00-0.982-0.0900.003
put11023.3025.800.003.5940.000.00-0.984-0.0930.002
put11528.4030.800.003.9820.000.00-0.986-0.0960.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-298-KCurrent report2026-10-26SEC
2026-10-158-KCurrent report2026-10-15SEC
2026-10-15424B5SEC
2026-10-13FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-10-13424B2SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-07SCHEDULE 13G/ASEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-0210-QQuarterly report pursuant to Section 13 or 15(d)2026-08-31SEC
2026-09-304Statement of changes in beneficial ownership of securities2026-09-28SEC
2026-09-254Statement of changes in beneficial ownership of securities2026-09-23SEC
2026-09-214Statement of changes in beneficial ownership of securities2026-09-17SEC
2026-09-213Initial statement of beneficial ownership of securities2026-09-17SEC
2026-09-168-KCurrent report2026-09-16SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-08-31SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-08-31SEC
2026-08-28N-PXAnnual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX2026-06-30SEC
2026-08-14SCHEDULE 13GSEC
2026-08-1313F-HRFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-06-30SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC
2026-07-144Statement of changes in beneficial ownership of securities2026-07-10SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-10192.63M200
2026-09402.66M900
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.7.45%
GREENHAVEN ASSOCIATES INC5.42%
BERKSHIRE HATHAWAY INC5.32%
VANGUARD CAPITAL MANAGEMENT LLC5.29%
EAGLE CAPITAL MANAGEMENT LLC4.34%
STATE STREET CORP4.23%
VANGUARD PORTFOLIO MANAGEMENT LLC3.88%
Aristotle Capital Management, LLC3.18%
MANUFACTURERS LIFE INSURANCE COMPANY, THE2.71%
GEODE CAPITAL MANAGEMENT, LLC2.28%

Funds

Fund% owned
Putnam Ultra Short Duration Income Fund8.83%
T. Rowe Price Ultra Short-Term Bond Fund6.53%
VANGUARD TOTAL BOND MARKET II INDEX FUND6.09%
Baird Aggregate Bond Fund4.47%
Fidelity Investment Grade Bond Fund3.49%
JPMorgan Short Duration Core Plus Fund3.31%
Victory Pioneer Bond Fund3.21%
Baird Core Plus Bond Fund3.15%
T. Rowe Price Ultra Short-Term Bond ETF3.13%
Invesco BulletShares 2027 Corporate Bond ETF2.98%

OakChart. LEN. Cached 15 minutes.