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Lennar LEN Homebuilding — Operating properties and equipment

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NVRHome Building — Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
$103.77M+8.5%
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KBHHomebuilding — Inventory, Operative Builders
$5.7B-4.0%

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:EquityMethodInvestmentSummarizedFinancialInformationOperatingPropertiesandEquipment.

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 — operating properties and equipment?
Lennar (LEN) reported homebuilding — operating properties and equipment of $37.01M in Q3 2025.
How has Lennar's homebuilding — operating properties and equipment changed year-over-year?
Lennar's homebuilding — operating properties and equipment decreased by 1.4% year-over-year, from $37.52M to $37.01M.
What does homebuilding — operating properties and equipment mean?
The net book value of physical assets, such as model homes, sales offices, and construction equipment, used by the homebuilding segment to conduct its daily operations. These assets support the production and sales process rather than being held for sale.