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Lennar LEN Homebuilding — Finished homes and construction in progress

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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:InventoryHomesunderConstructionandFinishedHomes.

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 — finished homes and construction in progress?
Lennar (LEN) reported homebuilding — finished homes and construction in progress of $10.09B in Q1 2026.
How has Lennar's homebuilding — finished homes and construction in progress changed year-over-year?
Lennar's homebuilding — finished homes and construction in progress decreased by 0.1% year-over-year, from $10.1B to $10.09B.
What is the long-term trend for Lennar's homebuilding — finished homes and construction in progress?
Over 4 years (2021 to 2025), Lennar's homebuilding — finished homes and construction in progress has grown at a -1.9% compound annual growth rate (CAGR), from $41.08B to $38.07B.
What does homebuilding — finished homes and construction in progress mean?
The aggregate carrying value of homes that are either currently under construction or completed but not yet sold. This represents the segment's active work-in-process inventory and finished goods ready for market delivery.