Lennar builds and sells homes across the U.S., targeting first-time buyers, move-up buyers, retirees, and luxury buyers, primarily under the Lennar brand. Revenue comes mainly from home sales. It also runs a financial services segment that offers mortgages to its own homebuyers, and has a smaller business developing rental housing (both multifamily and single-family).
Employees12,532IPOJan 18, 2018SIC6513HQ5505 Waterford District Drive, Miami, FL, USA, 33126
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Financials
Profitability
Metric
Current
Margins
Gross Margin
9.9%
Operating Margin
8.1%
EBITDA Margin
8.4%
Net Margin
6.1%
OCF Margin
—
FCF Margin
0.1%
Returns on Capital
ROE
8.8%
ROA
5.8%
ROIC
6.6%
ROCE
8.1%
ROC (Greenblatt)
15.4%
3Y ROIIC
116.6%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
12.66
Forward P/E
15.29
P/E ex-NRI
12.54
Shiller P/E (CAPE)
9.60
Cash Flow Multiples
P/FCF
326.35
P/OCF
96.91
P/Owner Earnings
—
FCF Yield
0.11%
Enterprise Value Multiples
EV / EBIT
9.84
EV / Forward EBIT
8.72
EV / EBITDA
9.38
EV / Forward EBITDA
8.39
EV / Revenue
0.79
EV / Forward Revenue
0.80
Asset / Sales
P/S
0.76
P/B
1.14
P/Tangible Book
1.36
Growth-Adjusted
PEG
12.54
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.93%
Forward Dividend Yield
1.93%
3Y Dividend Growth
10.1%
Payout Ratio
0.25
5Y Yield on Cost
5.93%
Buybacks & Dilution
3Y Buyback Ratio
5.20%
5Y Share Change
−16.5%
Combined
Shareholder Yield
6.21%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.27
Gross Debt / EBITDA
2.04
Cash / Debt
0.65
Equity / Assets
0.64
Coverage
Interest Coverage
—
Short-Term Liquidity
Current Ratio
10.70
Quick Ratio
4.17
Cash Ratio
2.09
Composite Scores
Piotroski F-Score
3
Altman Z-Score
4.00
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-02-04
$0.5
2026-02-19
2025-10-10
$0.5
2025-10-27
2025-07-03
$0.5
2025-07-18
2025-04-23
$0.5
2025-05-07
2025-01-29
$0.5
2025-02-12
2024-10-09
$0.5
2024-10-24
2024-07-05
$0.5
2024-07-19
2024-04-23
$0.5
2024-05-08
2024-01-23
$0.5
2024-02-07
2023-10-11
$0.375
2023-10-26
10 of 33
View allDate
Transcript
Type
2026-09-17
Q3 2026 Lennar Corporation Earnings Call Transcript
Earnings Call
2026-06-12
Q2 2026 Lennar Corp Earnings Call Transcript
Earnings Call
2026-04-08
Lennar Corp Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2026-03-13
Q1 2026 Lennar Corp Earnings Call Transcript
Earnings Call
2025-12-17
Q4 2025 Lennar Corp Earnings Call Transcript
Earnings Call
2025-09-19
Q3 2025 Lennar Corp Earnings Call Transcript
Earnings Call
2025-06-17
Q2 2025 Lennar Corp Earnings Call Transcript
Earnings Call
2025-03-21
Q1 2025 Lennar Corp Earnings Call Transcript
Earnings Call
2024-12-19
Q4 2024 Lennar Corp Earnings Call Transcript
Earnings Call
2024-09-20
Q3 2024 Lennar Corp Earnings Call Transcript
Earnings Call
10 of 34
5-Step DuPont Analysis
ROE %
8.01%
×
×
Net Margin %
5.39%
×
×
Operating Margin %
6.84%
Operating Income
$2.27B
÷
Revenue
$33.17B
×
Tax Burden
0.7390
Net Income
$1.79B
÷
Pretax Income
$2.42B
×
Interest Burden
1.0652
Pretax Income
$2.42B
÷
Operating Income
$2.27B
×
Asset Turnover
0.97
÷
Revenue
$33.17B
÷
Average Total Assets
$34.10B
Begin Total Assets
$34.99B
End Total Assets
$33.21B
×
Equity Multiplier
1.53
÷
Avg Total Assets
$34.10B
÷
Avg Stockholders Equity
$22.30B
Begin Equity
$22.73B
End Equity
$21.88B