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Lennar LEN Homebuilding — Finished homes and construction in progress, fair value

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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:InventoryHomesunderConstructionandFinishedHomesFairValueMeasurementAdjustmentsAfterImpairment.

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, fair value?
Lennar (LEN) reported homebuilding — finished homes and construction in progress, fair value of $242.21M in Q1 2026.
How has Lennar's homebuilding — finished homes and construction in progress, fair value changed year-over-year?
Lennar's homebuilding — finished homes and construction in progress, fair value decreased by 42.5% year-over-year, from $421.05M to $242.21M.
What is the long-term trend for Lennar's homebuilding — finished homes and construction in progress, fair value?
Over 4 years (2021 to 2025), Lennar's homebuilding — finished homes and construction in progress, fair value has grown at a 228.0% compound annual growth rate (CAGR), from $13.99M to $1.62B.
What does homebuilding — finished homes and construction in progress, fair value mean?
This metric represents the estimated market value of homes currently under construction and completed units held in inventory. It reflects the current realizable value of the homebuilder's active production pipeline, accounting for market conditions. Investors use this to assess the potential liquidity and market demand for the company's current housing stock.