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Lennar LEN Homebuilding — Lennar’s Maximum Exposure to Loss

Other segment segments

Lennar Financial Services
$130M
Lennar Other
$103.23M

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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 us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount.

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 — lennar’s maximum exposure to loss?
Lennar (LEN) reported homebuilding — lennar’s maximum exposure to loss of $701.55M in Q1 2026.
How has Lennar's homebuilding — lennar’s maximum exposure to loss changed year-over-year?
Lennar's homebuilding — lennar’s maximum exposure to loss decreased by 67.0% year-over-year, from $2.12B to $701.55M.
What is the long-term trend for Lennar's homebuilding — lennar’s maximum exposure to loss?
Over 4 years (2021 to 2025), Lennar's homebuilding — lennar’s maximum exposure to loss has grown at a 60.8% compound annual growth rate (CAGR), from $1.06B to $7.11B.
What does homebuilding — lennar’s maximum exposure to loss mean?
This metric quantifies the total potential financial loss the company could incur from its involvement with unconsolidated entities or other off-balance-sheet arrangements. It is a critical risk management metric that reveals the extent of the company's contingent liabilities. Investors use this to assess the potential downside risk beyond the company's primary balance sheet.