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Lennar LEN Homebuilding — Interest incurred

Other segment segments

West
$72.25M-14.6%
East
$35.41M-9.2%
Central
$34.56M+15.3%
South Central
$21.73M
Other
$10.87M-12.6%

Similar metrics at other companies

KB Home logo
KBHHomebuilding — Interest Income
$1.28M-38.4%
Hovnanian Enterprises, Inc. logo
HOVHome Building — Interest Payable Current And Noncurrent
$12.88M+4.2%
KB Home logo
KBHHomebuilding — Liabilities
$2.85B-1.3%
FS Bancorp, Inc. logo
FSBWHome Lending — Interest Expense Borrowings
$0
Cavco Industries logo
CVCOFactory-built housing — Interest Expense, Nonoperating
$134K-8.8%
KB Home logo
KBHHomebuilding — Notes payable
$38.03M-19.8%

Other financials

Income statement

See full
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

See full
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:InterestCostsIncurred.

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 — interest incurred?
Lennar (LEN) reported homebuilding — interest incurred of $46.15M in Q3 2025.
How has Lennar's homebuilding — interest incurred changed year-over-year?
Lennar's homebuilding — interest incurred increased by 42.8% year-over-year, from $32.33M to $46.15M.
What is the long-term trend for Lennar's homebuilding — interest incurred?
Over 4 years (2021 to 2025), Lennar's homebuilding — interest incurred has grown at a -9.5% compound annual growth rate (CAGR), from $275.1M to $184.6M.
What does homebuilding — interest incurred mean?
The total amount of interest costs accrued on debt obligations related to homebuilding operations during the reporting period. This metric reflects the gross cost of capital before accounting for any interest capitalization policies.