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Lennar LEN Land — Cost of Sales

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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:PropertySellingCosts.

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 land — cost of sales?
Lennar (LEN) reported land — cost of sales of $21.54M in Q1 2026.
How has Lennar's land — cost of sales changed year-over-year?
Lennar's land — cost of sales decreased by 61.6% year-over-year, from $56.17M to $21.54M.
What does land — cost of sales mean?
This metric represents the direct costs associated with the sale of land, including the original purchase price, development costs, and property selling expenses. It is used to calculate the gross margin for the land segment. Monitoring this helps assess the efficiency of land acquisition and development activities.