Lennar/$LEN.B
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Capital at risk
About Lennar
Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton, operating in 26 states. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.
- Ticker
- $LEN.B
- Sector
- Consumer Discretionary
- Primary listing
- NYSE
- Employees
- 12,532
- Headquarters
- Miami, United States
- Website
- www.lennar.com
Lennar Metrics
BasicAdvanced
$18B
14.53
$5.28
1.38
$2.00
2.61%
Price and volume
Market cap
$18B
Beta
1.38
52-week high
$125.48
52-week low
$71.27
Average daily volume
144K
Dividend rate
$2.00
Financial strength
Current ratio
10.135
Quick ratio
1.056
Long term debt to equity
0.277
Total debt to equity
0.277
Dividend payout ratio (TTM)
37.65%
Interest coverage (TTM)
153.62%
Profitability
EBITDA (TTM)
1,982.134
Gross margin (TTM)
16.01%
Net profit margin (TTM)
4.09%
Operating margin (TTM)
5.81%
Effective tax rate (TTM)
25.81%
Revenue per employee (TTM)
$2,550,000
Management effectiveness
Return on assets (TTM)
3.37%
Return on equity (TTM)
5.96%
Valuation
Price to earnings (TTM)
14.534
Price to revenue (TTM)
0.585
Price to book
0.85
Price to tangible book (TTM)
1.02
Price to free cash flow (TTM)
23.056
Free cash flow yield (TTM)
4.34%
Free cash flow per share (TTM)
3.327
Dividend yield (TTM)
2.61%
Forward dividend yield
2.61%
Growth
Revenue change (TTM)
-8.03%
Earnings per share change (TTM)
-48.05%
3-year revenue growth (CAGR)
-1.48%
10-year revenue growth (CAGR)
11.76%
3-year earnings per share growth (CAGR)
-26.88%
10-year earnings per share growth (CAGR)
3.60%
3-year dividend per share growth (CAGR)
10.06%
10-year dividend per share growth (CAGR)
28.99%
What the Analysts think about Lennar
Majority rating from 19 analysts.
| Month | Buy | Hold | Sell | Analysts | Majority rating |
|---|---|---|---|---|---|
| August 2021 | 10 | 7 | 0 | 17 | Buy |
| September 2021 | 10 | 7 | 0 | 17 | Buy |
| October 2021 | 10 | 7 | 0 | 17 | Buy |
| November 2021 | 11 | 7 | 0 | 18 | Buy |
| December 2021 | 13 | 6 | 0 | 19 | Buy |
Bulls say / Bears say
Construction productivity is improving: third-quarter construction cost per square foot was 6% lower year on year and build cycle time hit a record 116 days. These gains could help protect unit economics if demand recovers. (Lennar)
Lennar’s asset-light shift leaves about 2% of its homesites owned and 98% controlled through third parties, reducing capital tied up in land and potential exposure to land impairments. This could support growth with less capital committed to owned sites. (StockTitan)
Some operating measures improved sequentially: incentives fell to 12% from 12.9% in the prior quarter, while gross margin rose to 15.8% from 15.6%. If that progress continues, Lennar could rebuild earnings even before housing demand fully recovers. (Lennar, PR Newswire)
Profit per home is under pressure: gross margin fell to 15.8% from 17.5% a year earlier, while selling and administrative costs rose to 9.2% of home sales from 8.2%. Price adjustments and buyer incentives may continue to weigh on returns. (Lennar)
The land-light model still carries commitments: longer project timelines can raise land-bank option fees, while scheduled lot take-downs may make it harder to slow production if demand weakens further. That could add costs or reduce flexibility in a downturn. (HousingWire)
Data summarised monthly by Lightyear AI. Last updated on 5 Oct 2026.
Lennar Financial Performance
Revenues and expenses
Upcoming events
Funds containing Lennar
Fund name | Fund size | $LEN.B weighting |
|---|---|---|
Invesco FTSE All-World£FWRG | $4.8B | 0.03% |
Invesco FTSE All-World€FWIA | $4.8B | 0.03% |
L&G Global Equity$LGGL | $2B | 0.01% |
L&G Global Equity£LGGG | $2B | 0.01% |
Invesco Dow Jones Islamic Global Developed Markets$IGDA | $1.1B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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