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Lennar LEN Homebuilding — D&A

Other segment segments

West
$57.21M-2.0%
Central
$30.59M+5.4%
East
$27.68M-10.2%
Other
$14.21M+4,007%
South Central
$11.34M

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$5.92M-9.1%
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TPCBuilding — D&A
$519K-1.5%

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:DepreciationAmortizationAndAccretionNet.

The official record: Lennar’s 10-K, filed January 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's homebuilding — D&A?
Lennar (LEN) reported homebuilding — D&A of $35.26M in Q3 2025.
How has Lennar's homebuilding — D&A changed year-over-year?
Lennar's homebuilding — D&A increased by 9.2% year-over-year, from $32.3M to $35.26M.
What is the long-term trend for Lennar's homebuilding — D&A?
Over 4 years (2021 to 2025), Lennar's homebuilding — D&A has grown at a 8.6% compound annual growth rate (CAGR), from $101.4M to $141.03M.
What does homebuilding — D&A mean?
The non-cash expense allocated to the wear and tear of physical assets and the write-off of intangible assets used in homebuilding operations. It reflects the consumption of capital assets over their useful lives.