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Lennar

LEN and LEN.B

Lennar Corporation is a leading homebuilder in the United States, primarily focused on the construction and sale of single-family attached and detached homes.

Market cap
$20.32B-32.6%
Revenue$32.7B-7.4%
Net income$1.6B-50.4%
Free cash flow$716.8M+157%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 17, 2026 (in 2 months)
Revenue estimate$8.3B
EPS estimate$1.32

Financials

Q2 2026

Income statement

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Revenue$7.9B-5.2%
Net income$304.8M-36.2%

Balance sheet

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Cash & equivalents$2.2B+47.0%
Total debt$233.8M-12.2%
Total equity$21.6B-4.2%
Total assets$33.7B-2.0%

Cash flow

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Operating cash flow-$284.4M+74.0%
CapEx$18.9M+23.9%
Free cash flow-$303.2M+72.7%

Valuation & ratios

Valuation

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Market cap$20.14B-32.6%
Enterprise value$18.2B-32.9%
P/E12.5×+2.9×
P/S0.6×-0.2×

Segments

By segment

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West$2.8B-2.3%
East$1.7B-1.1%
Central$1.7B-4.7%
South Central$1.5B-3.7%
Lennar Financial Services$236.9M

By product

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Home$7.6B-2.5%
Other revenues$332.4M-39.1%
General Contractor Services$40.9M+44.7%
Land$12.4M-71.3%
Management Fee$2.5M-61.7%

Competitors

Profile

Lennar Corporation is a leading homebuilder in the United States, primarily focused on the construction and sale of single-family attached and detached homes. The company operates a diversified real estate platform that includes financial services, multifamily rental development, and strategic technology investments. Lennar utilizes a land-light operating model and an 'Everything’s Included' marketing approach to drive operational efficiency and simplify the homebuying process.

Competitive position

Lennar is one of the largest homebuilders in the U.S. by deliveries and earnings, maintaining a competitive edge through its land-light strategy and proprietary 'Everything’s Included' product offering.

GeographiesUnited States
Customer segmentsB2C, B2B, Institutional
Business modelManufacturing, Asset-light, Financial services, Investment management
SuppliersLand owners, Independent subcontractors, Building material suppliers, Land banks
CustomersIndividual homebuyers, Residential renters, Institutional real estate investors, Secondary mortgage market
Listed1972
Employees12.3K
CEOStuart A. Miller
Websitelennar.com
FilingsSEC EDGAR

Questions, answered.

What is Lennar's market cap?
Lennar (LEN) has a market capitalization of $20.3B and trades on NYSE.
What is Lennar's revenue and profitability?
Lennar generated $32.7B in trailing twelve-month revenue with net income of $1.6B, representing a net margin of 5.4%, with free cash flow of $716.8M. These figures are based on the Q2 2026 filing.
Who are Lennar's competitors?
Lennar's key competitors include D.R. Horton, Inc., PulteGroup, Inc., KB Home, and others. These companies compete in similar markets and product categories.
Who does Lennar partner with?
Lennar's notable partners include FivePoint Holdings, LLC, Invitation Homes, TPG Real Estate, and others.
What subsidiaries does Lennar have?
Lennar's subsidiaries include Lennar Mortgage, LLC, LMF Commercial, Rausch Coleman Homes, and others.
Where is Lennar headquartered?
Lennar is headquartered in United States of America and employs approximately 12,284 people. It has been publicly traded since 1972.