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).
Employees12,532IPOJul 27, 1972SIC1521HQ5505 Waterford District Drive, Miami, FL, USA, 33126
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
16.1%
Operating Margin
5.4%
EBITDA Margin
6.0%
Net Margin
4.1%
OCF Margin
3.6%
FCF Margin
3.3%
Returns on Capital
ROE
6.0%
ROA
3.9%
ROIC
4.3%
ROCE
6.0%
ROC (Greenblatt)
15.8%
3Y ROIIC
118.3%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
14.57
Forward P/E
14.09
P/E ex-NRI
14.83
Shiller P/E (CAPE)
7.07
Cash Flow Multiples
P/FCF
19.17
P/OCF
17.06
P/Owner Earnings
54.63
FCF Yield
5.67%
Enterprise Value Multiples
EV / EBIT
13.37
EV / Forward EBIT
11.57
EV / EBITDA
12.39
EV / Forward EBITDA
9.00
EV / Revenue
0.75
EV / Forward Revenue
0.66
Asset / Sales
P/S
0.59
P/B
0.85
P/Tangible Book
1.02
Growth-Adjusted
PEG
13.48
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
2.58%
Forward Dividend Yield
2.58%
3Y Dividend Growth
10.1%
Payout Ratio
0.38
5Y Yield on Cost
7.91%
Buybacks & Dilution
3Y Buyback Ratio
5.20%
5Y Share Change
−16.5%
Combined
Shareholder Yield
2.14%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.28
Gross Debt / EBITDA
3.18
Cash / Debt
0.24
Equity / Assets
0.65
Coverage
Interest Coverage
—
Short-Term Liquidity
Current Ratio
5.19
Quick Ratio
0.90
Cash Ratio
0.48
Composite Scores
Piotroski F-Score
5
Altman Z-Score
3.46
Split History
Date
Split
2017-11-09
1.02:1
2004-01-21
2:1
2003-04-22
1.1:1
1994-04-21
1.5:1
1992-02-26
2:1
Ex-date
Amount
Pay date
2026-10-07
$0.5
2026-10-22
2026-07-10
$0.5
2026-07-24
2026-04-22
$0.5
2026-05-06
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
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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
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5-Step DuPont Analysis
ROE %
5.93%
×
×
Net Margin %
4.09%
×
×
Operating Margin %
5.44%
Operating Income
$1.74B
÷
Revenue
$32.00B
×
Tax Burden
0.7324
Net Income
$1.31B
÷
Pretax Income
$1.79B
×
Interest Burden
1.0258
Pretax Income
$1.79B
÷
Operating Income
$1.74B
×
Asset Turnover
0.94
÷
Revenue
$32.00B
÷
Average Total Assets
$34.13B
Begin Total Assets
$34.88B
End Total Assets
$33.38B
×
Equity Multiplier
1.55
÷
Avg Total Assets
$34.13B
÷
Avg Stockholders Equity
$22.06B
Begin Equity
$22.57B
End Equity
$21.56B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 18.3M | 7.41% | +89.5K | $1.66B |
| Berkshire Hathaway Inc | 13.1M | 5.30% | +3.0M | $1.19B |
| VANGUARD CAPITAL MANAGEMENT LLC | 13.0M | 5.26% | +74.2K | $1.18B |
| GREENHAVEN ASSOCIATES INC | 11.3M | 4.57% | +684.1K | $1.02B |
| EAGLE CAPITAL MANAGEMENT LLC | 10.7M | 4.32% | -193.5K | $967.07M |
| STATE STREET CORP | 10.4M | 4.21% | +389.7K | $943.57M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9.5M | 3.86% | +20.7K | $863.91M |
| Aristotle Capital Management, LLC | 7.8M | 3.16% | -509.8K | $709.11M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 6.7M | 2.70% | +706.5K | $604.75M |
| GEODE CAPITAL MANAGEMENT, LLC | 5.8M | 2.36% | +80.2K | $525.82M |
10 of 947
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| BUFFETT WARREN E10% owner | 568.0K | 0.2294% | $43.78M |
| Lee Martin KatherineOfficer | 55.6K | 0.0225% | $4.29M |
| Collins David MOfficer | 49.6K | 0.0200% | $3.82M |
| HUDSON SHERRILL WDirector | 38.3K | 0.0155% | $2.95M |
| Gilliam Theron IDirector | 36.8K | 0.0149% | $2.84M |
| McClure Teri PDirector | 32.0K | 0.0129% | $2.47M |
| SONNENFELD JEFFREYDirector | 28.2K | 0.0114% | $2.17M |
| MILLER STUART AOfficer | — | — | — |
| JAFFE JONATHAN MOfficer | — | — | — |
| BESSETTE DIANE JOfficer | — | — | — |
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View allRecent insider activity
through Oct 7, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| OLIVERA ARMANDO JDirector | Grant/Award (Rule 16b-3(d)) | +24 | $1,827 | Oct 7, 2026 |
| SONNENFELD JEFFREYDirector | Grant/Award (Rule 16b-3(d)) | +21 | $1,599 | Oct 7, 2026 |
| HUDSON SHERRILL WDirector | Grant/Award (Rule 16b-3(d)) | +15 | $1,142 | Oct 7, 2026 |
| Smith DaconaDirector | Grant/Award (Rule 16b-3(d)) | +15 | $1,142 | Oct 7, 2026 |
| Wolfe SerenaDirector | Grant/Award (Rule 16b-3(d)) | +15 | $1,142 | Oct 7, 2026 |
| Gilliam Theron IDirector | Grant/Award (Rule 16b-3(d)) | +15 | $1,142 | Oct 7, 2026 |
| McClure Teri PDirector | Grant/Award (Rule 16b-3(d)) | +15 | $1,142 | Oct 7, 2026 |
| Banse AmyDirector | Grant/Award (Rule 16b-3(d)) | +15 | $1,142 | Oct 7, 2026 |
| BUFFETT WARREN E10% owner | Open-Market or Private Purchase | +448.1K | $35.12M | Oct 2, 2026 |
| BUFFETT WARREN E10% owner | Open-Market or Private Purchase | +342.6K | $27.07M | Oct 2, 2026 |
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