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Lennar LEN Operating Lease Liabilities (Total)

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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$20.43B-33.9%
Enterprise value$18.49B-37.7%
P/E12.7×+3.2×
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:OperatingLeaseLiability.

The source filing: Lennar’s 10-Q, filed June 29, 2026.

Filed
Jun 29, 2026, 4:38 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-046019
(Dollars in thousands)At May 31, 2026At November 30, 2025
Right-of-use assets$232,599269,011
Lease liabilities233,775264,157
Weighted-average remaining lease term (in years)5.45.4
Weighted-average discount rate4.6%4.7%

Item 1. Financial Statements

FAQ

What is Lennar's operating lease liabilities (total)?
Lennar (LEN) reported operating lease liabilities (total) of $233.78M in Q1 2026.
How has Lennar's operating lease liabilities (total) changed year-over-year?
Lennar's operating lease liabilities (total) decreased by 12.2% year-over-year, from $266.27M to $233.78M.
What is the long-term trend for Lennar's operating lease liabilities (total)?
Over 5 years (2020 to 2025), Lennar's operating lease liabilities (total) has grown at a 16.5% compound annual growth rate (CAGR), from $122.84M to $264.16M.
What does operating lease liabilities (total) mean?
This represents the total present value of future lease payments for operating leases, recognized as a liability on the balance sheet. It reflects the company's long-term commitment to leased assets such as office space, warehouses, and equipment. Tracking this helps investors evaluate the company's off-balance-sheet financing obligations and overall debt-like commitments.

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