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Lennar LEN Management Fee — Revenue

Other product segments

Home
$7.6B-2.5%
Other revenues
$332.43M-39.1%
General Contractor Services
$40.9M+44.7%
Land
$12.4M-71.3%

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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:Revenues.

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 management fee — revenue?
Lennar (LEN) reported management fee — revenue of $2.47M in Q1 2026.
How has Lennar's management fee — revenue changed year-over-year?
Lennar's management fee — revenue decreased by 61.7% year-over-year, from $6.44M to $2.47M.
What is the long-term trend for Lennar's management fee — revenue?
Over 4 years (2021 to 2025), Lennar's management fee — revenue has grown at a -12.2% compound annual growth rate (CAGR), from $73.04M to $43.44M.
What does management fee — revenue mean?
This metric represents the recurring revenue generated from fees charged for managing real estate assets, investment vehicles, or joint venture partnerships. It reflects the company's ability to monetize its operational expertise and platform scale beyond direct homebuilding activities. These fees are typically derived from third-party capital or managed entities, providing a stream of income that is less sensitive to the cyclical nature of new home sales.