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Lennar LEN Home — Cost of Sales

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Other financials

Income statement

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Revenue$7.9B-5.2%
Net income$304.8M-36.2%
EPS (diluted)$2.57+24.8%

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

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Market cap$21.8B-26.6%
Enterprise value$19.86B-31.2%
P/E13.5×+3.4×
P/S0.7×-0.2×

Profitability

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Net margin5.4%-5.0pp
FCF margin-0.3%-4.7pp

Returns & leverage

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Return on equity8%-7.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept len:PropertySellingCosts.

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 home — cost of sales?
Lennar (LEN) reported home — cost of sales of $6.41B in Q1 2026.
How has Lennar's home — cost of sales changed year-over-year?
Lennar's home — cost of sales increased by 0.2% year-over-year, from $6.4B to $6.41B.
What does home — cost of sales mean?
This metric captures the direct expenses incurred to construct and deliver residential properties, including land acquisition, labor, materials, and direct overhead. It serves as the primary measure of production efficiency and cost management within the homebuilding segment. Monitoring this figure helps investors assess the impact of inflationary pressures on construction inputs and the company's ability to maintain margins.