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Lennar LEN Lennar Financial Services — Ancillary costs and expenses

Other segment segments

Lennar Other
$43.73M+45.6%

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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:OtherCostAndExpenseOperating.

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 lennar financial services — ancillary costs and expenses?
Lennar (LEN) reported lennar financial services — ancillary costs and expenses of $135.84M in Q1 2026.
How has Lennar's lennar financial services — ancillary costs and expenses changed year-over-year?
Lennar's lennar financial services — ancillary costs and expenses decreased by 3.5% year-over-year, from $140.82M to $135.84M.
What does lennar financial services — ancillary costs and expenses mean?
These are the secondary operating costs associated with the financial services segment, excluding direct loan origination costs. This includes administrative overhead, technology platform maintenance, and compliance costs related to mortgage and title services. Monitoring these helps assess the operational efficiency of the non-core support functions within the financial services division.