Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Lennar LEN SG&A

SG&A at other companies

Toll BrothersTOL

$258.25M+1.0%

KB HomeKBH

$120.45M0.0%

PultegroupPHM

$380.33M-3.3%

D.R. HortonDHI

$903.3M+0.5%

Green Brick PartnersGRBK

$52.59M0.0%

NVRNVR

——

Segments

By segment

See full

West$210.42M-3.1%

Central$178.48M+7.6%

East$169.06M+1.0%

South Central$135.09M+7.3%

Other$5.35M-57.7%

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

See full

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

See full

Operating cash flow-$284.4M+74.0%

CapEx$18.9M+23.9%

Free cash flow-$303.2M+72.7%

Valuation

See full

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 / equity0×0.0×

Questions, answered.

What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.