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Lennar LEN Homebuilding — SG&A

Other segment segments

West
$210.42M-3.1%
Central
$178.48M+7.6%
East
$169.06M+1.0%
South Central
$135.09M+7.3%
Other
$5.35M-57.7%

Similar metrics at other companies

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KBHHomebuilding — Selling, General and Administrative Expense
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$96.26M-2.2%
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NVRHome Building Segment — Selling, General and Administrative Expense
$156.97M-4.9%
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HOVHome Building — Selling General And Administrative Expense
$57M+11.6%
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KBHHomebuilding — General and Administrative Expense
$52.75M-19.4%
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MTHHomebuilding Segment — General and Administrative Expense
$38.12M-14.1%

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:SellingGeneralAndAdministrativeExpense.

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 — SG&A?
Lennar (LEN) reported homebuilding — SG&A of $698.4M in Q1 2026.
How has Lennar's homebuilding — SG&A changed year-over-year?
Lennar's homebuilding — SG&A increased by 1.4% year-over-year, from $688.85M to $698.4M.
What does homebuilding — SG&A mean?
Covers the overhead costs of the homebuilding segment, including sales commissions, marketing, corporate salaries, and administrative expenses. This metric is a key indicator of the company's operational leverage and cost control discipline.