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Lennar LEN Homebuilding — Land and land under development, carrying 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:InventoryRealEstateLandandLandDevelopmentCostsFairValueMeasurementAdjustmentsBeforeImpairment.

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 — land and land under development, carrying value?
Lennar (LEN) reported homebuilding — land and land under development, carrying value of $549K in Q1 2026.
What is the long-term trend for Lennar's homebuilding — land and land under development, carrying value?
Over 4 years (2021 to 2025), Lennar's homebuilding — land and land under development, carrying value has grown at a -40.1% compound annual growth rate (CAGR), from $37.88M to $4.89M.
What does homebuilding — land and land under development, carrying value mean?
This metric tracks the book value of raw land and land currently undergoing infrastructure development for future housing projects. It represents the company's long-term pipeline and capital commitment to future growth. High levels indicate a robust land bank, but also higher capital intensity and exposure to market cycles.