Lennar Corp (LEN-B)

Lennar 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 South Central, 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 originating and selling securitization commercial mortgage loans. In addition, the company is involved in fund investment activities. It primarily serves first-time, move-up, active adult, and luxury homebuyers. The company was founded in 1954 and is based in Miami, Florida.

Ticker: LEN-B
Exchange: NYSE
Sector: Consumer Cyclical
Industry: Residential Construction
Market cap: $20.66B
52-week range: $71.27 - $125.48

Valuation

Share price: $86.84 (close of Nov 6, 2026)
P/E (TTM): 16.45x
Price to book: 0.95x
Price to free cash flow: 25.47x
Enterprise value: $25.04B
Book value per share: $91.20

Price performance

Period	Change
1 day	-2.79%
5 days	+1.04%
1 month	+12.82%
3 months	+4.27%
6 months	-1.40%
Year to date	-8.70%
1 year	-23.36%
3 years	-16.48%
5 years	+6.83%
10 years	+177.80%
All time	+241.39%

Short interest

As of: Oct 15, 2026
Short % of float: 6.61%
Shares short: 539.66K
Days to cover: 3.82
Change since prior report: +9.12%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: 9.39%
Return on assets: 6.04%
Net margin: 6.08%
EBITDA margin: 8.54%
Revenue growth: -3.54%
Net income growth: -47.15%
Free cash flow growth: -98.74%

Cash flow and balance sheet

Free cash flow yield (TTM): 3.93%
Net debt to EBITDA: 2.26x

Latest reported year

Period end: Nov 30, 2025
Fiscal year: 2025
Revenue: $34.19B
EBITDA: $2.92B
Net income: $2.08B
Earnings per share: $7.98
Shares outstanding: 257.75M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-11-30	$34.19B	-	$2.08B	$7.98
2024-11-30	$35.44B	-	$3.93B	$14.31
2023-11-30	$34.23B	-	$3.94B	$13.73
2022-11-30	$33.67B	-	$4.61B	$15.74
2021-11-30	$27.13B	-	$4.43B	$14.28
2020-11-30	$22.49B	$3.82B	$2.47B	$7.88
2019-11-30	$22.26B	$3.10B	$1.85B	$5.76
2018-11-30	$20.57B	$2.81B	$1.70B	$5.46
2017-11-30	$12.65B	$1.76B	$810.48M	$3.38
2016-11-30	$10.95B	$1.80B	$911.84M	$4.05

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-11-30	-	6.08%	9.39%	-
2024-11-30	-	11.10%	14.03%	-
2023-11-30	-	11.50%	14.75%	-
2022-11-30	-	13.70%	19.03%	-
2021-11-30	-	16.33%	21.10%	-
2020-11-30	16.97%	10.96%	13.62%	11.02%
2019-11-30	13.91%	8.31%	11.53%	8.53%
2018-11-30	13.65%	8.24%	11.55%	13.06%
2017-11-30	13.93%	6.41%	10.15%	13.24%
2016-11-30	16.40%	8.33%	12.64%	15.89%

Cash and debt by year

Period end	Cash	Debt
2025-11-30	$3.76B	$5.87B
2024-11-30	$4.91B	$4.19B
2023-11-30	$6.57B	-
2022-11-30	$4.82B	-
2021-11-30	$2.96B	-
2020-11-30	$2.86B	$7.42B
2019-11-30	$1.45B	$9.57B
2018-11-30	$1.56B	-
2017-11-30	$2.65B	-
2016-11-30	$1.33B	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-11-30	$28.18M	$163.49M
2024-11-30	$2.23B	$176.68M
2023-11-30	$5.08B	$160.72M
2022-11-30	$3.21B	$184.09M
2021-11-30	$2.47B	$134.62M
2020-11-30	$4.12B	$107.13M
2019-11-30	$1.40B	$86.94M
2018-11-30	$1.56B	$72.66M
2017-11-30	$870.60M	$61.36M
2016-11-30	$431.37M	$55.52M

Dividend history

Most recent payment: Oct 7, 2026
Paid in the last twelve months: $2.00

Payment date	Dividend per share
2026-10-07	$0.50
2026-07-10	$0.50
2026-04-22	$0.50
2026-02-04	$0.50
2025-10-10	$0.50
2025-07-03	$0.50
2025-04-23	$0.50
2025-01-29	$0.50

Investor relations

Next earnings report

Next confirmed report: Dec 15, 2026

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-09-16	Aug 2026	-
2026-06-11	May 2026	-
2026-03-12	Feb 2026	-
2025-12-16	Nov 2025	-
2025-09-18	Aug 2025	-
2025-06-16	May 2025	-
2025-03-20	Feb 2025	-
2024-12-18	Nov 2024	-

Filings and sources

Company website: lennar.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

Similar companies

D. R. Horton Inc (DHI) · PulteGroup Inc (PHM) · Lennar Corp (LEN) · NVR Inc (NVR) · Installed Building Products, Inc. (IBP) · Champion Homes, Inc. (SKY) · Tapestry, Inc. (TPR) · Capri Holdings Ltd (CPRI)

All Consumer Cyclical companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades