What is Lennar's capex?

Lennar (LEN) reported capex of $18.86M in Q1 2026.

How has Lennar's capex changed year-over-year?

Lennar's capex increased by 23.9% year-over-year, from $15.22M to $18.86M.

What is the long-term trend for Lennar's capex?

Over 4 years (2021 to 2025), Lennar's capex has grown at a 30.4% compound annual growth rate (CAGR), from $65.17M to $188.63M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Lennar LEN CapEx

CapEx at other companies

Hovnanian Enterprises, Inc.HOV

$3.35M-46.9%

St. Joe CompanyJOE

$2M+71.0%

Toll BrothersTOL

$24.47M+56.9%

KB HomeKBH

$13.22M+17.9%

M/I HomesMHO

$154K-88.5%

PultegroupPHM

$25.4M-14.2%

Segments

By segment

See full

Other$69.25M+27.8%

West$9.88M+160%

Central$2.85M-22.0%

South Central$1.74M—

East$297K-56.8%

Other financials

Income statement

See full

Revenue$7.9B-5.2%

Net income$304.8M-36.2%

EPS (diluted)$2.57+24.8%

Balance sheet

See full

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

See full

Operating cash flow-$284.4M+74.0%

Free cash flow-$303.2M+72.7%

Valuation

See full

Market cap$21.8B-26.6%

Enterprise value$19.86B-31.2%

P/E13.5×+3.4×

P/S0.7×-0.2×

Profitability

See full

Net margin5.4%-5.0pp

FCF margin-0.3%-4.7pp

Returns & leverage

See full

Return on equity8%-7.1pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Lennar’s 10-Q, filed June 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's capex?: Lennar (LEN) reported capex of $18.86M in Q1 2026.
How has Lennar's capex changed year-over-year?: Lennar's capex increased by 23.9% year-over-year, from $15.22M to $18.86M.
What is the long-term trend for Lennar's capex?: Over 4 years (2021 to 2025), Lennar's capex has grown at a 30.4% compound annual growth rate (CAGR), from $65.17M to $188.63M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.