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Lennar LEN West — Net additions to operating properties and equipment

Other segment segments

Other
$69.25M+27.8%
Central
$2.85M-22.0%
South Central
$1.74M
East
$297K-56.8%

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$588.3M-1.0%

Other financials

Income statement

See full
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

See full
Net margin5.4%-5.0pp
FCF margin-0.3%-4.7pp

Returns & leverage

See full
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:PaymentsForProceedsFromProductiveAssets.

The official record: Lennar’s 10-K, filed January 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's west — net additions to operating properties and equipment?
Lennar (LEN) reported west — net additions to operating properties and equipment of $2.47M in Q3 2025.
How has Lennar's west — net additions to operating properties and equipment changed year-over-year?
Lennar's west — net additions to operating properties and equipment increased by 160.2% year-over-year, from $949.5K to $2.47M.
What is the long-term trend for Lennar's west — net additions to operating properties and equipment?
Over 4 years (2021 to 2025), Lennar's west — net additions to operating properties and equipment has grown at a -21.8% compound annual growth rate (CAGR), from $26.38M to $9.88M.
What does west — net additions to operating properties and equipment mean?
This metric represents the net capital expenditure invested in physical operating assets, such as machinery, equipment, or facilities, specifically allocated to the West homebuilding segment. It reflects the cash outflow for acquiring new assets minus any proceeds from the disposal of existing ones, indicating the segment's commitment to maintaining or expanding its operational infrastructure. This figure is a key indicator of the capital intensity required to support regional homebuilding activities.