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Lennar LEN Homebuilding — Cost and expenses

Other segment segments

Lennar Financial Services
$135.84M-3.5%
Lennar Other
$43.73M+45.6%

Similar metrics at other companies

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DFHHomebuilding — Cost of revenues
$715.64M-8.7%
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MTHHomebuilding Segment — Cost of Revenue
$923.65M-12.8%
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PHMHomebuilding — Cost of Product and Service Sold
$668.49M-5.4%
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KBHHomebuilding — Other expense, net
$1.8M-59.9%
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MTHHomebuilding — Cost of Product and Service Sold
$923.65M-12.8%
KB Home logo
KBHHomebuilding — Cost of Product and Service Sold
$908.03M-18.0%

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 us-gaap:CostOfRevenue.

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 homebuilding — cost and expenses?
Lennar (LEN) reported homebuilding — cost and expenses of $7.13B in Q1 2026.
How has Lennar's homebuilding — cost and expenses changed year-over-year?
Lennar's homebuilding — cost and expenses decreased by 0.2% year-over-year, from $7.15B to $7.13B.
What is the long-term trend for Lennar's homebuilding — cost and expenses?
Over 4 years (2021 to 2025), Lennar's homebuilding — cost and expenses has grown at a 9.3% compound annual growth rate (CAGR), from $20.5B to $29.28B.
What does homebuilding — cost and expenses mean?
Represents the total operational costs incurred by the homebuilding segment to generate revenue, including construction costs, land development, and overhead. This metric captures the efficiency of the core construction business and the direct impact of material and labor inflation on margins.