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Lennar LEN Lennar Financial Services — Short-Term Debt

Discontinued — last reported Q1 '26

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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$20.55B-31.9%
Enterprise value$18.61B-35.7%
P/E12.7×+3.5×
P/S0.6×-0.2×

Profitability

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Net margin4.9%-4.3pp
FCF margin2.2%+1.4pp

Returns & leverage

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Return on equity7.3%-5.9pp
Debt / equity0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept us-gaap:ShortTermBorrowings.

The official record: Lennar’s 10-Q, filed April 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's lennar financial services — short-term debt?
Lennar (LEN) reported lennar financial services — short-term debt of $1.79B in Q4 2025.
How has Lennar's lennar financial services — short-term debt changed year-over-year?
Lennar's lennar financial services — short-term debt increased by 39.4% year-over-year, from $1.29B to $1.79B.
What is the long-term trend for Lennar's lennar financial services — short-term debt?
Over 4 years (2021 to 2025), Lennar's lennar financial services — short-term debt has grown at a 13.0% compound annual growth rate (CAGR), from $3.69B to $6.01B.
What does lennar financial services — short-term debt mean?
This represents the outstanding short-term borrowings used by the financial services segment to fund the origination of mortgage loans. These are typically warehouse lines of credit that are paid down as loans are sold to the secondary market. It is a vital measure of the segment's working capital usage and leverage.