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LEN (Lennar Corporation) Stock Financials & Earnings | Market Cap Arena
LEN
Lennar Corporation
Mkt Cap
$26B
Consumer Cyclical
·
Residential Construction
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$34.1B
Net Income (TTM)
$2.1B
EPS (TTM)
$7.99
Free Cash Flow (TTM)
$28M
Gross Margin
17.6%
Op. Margin
7.7%
Net Margin
6.1%
FCF Margin
0.1%
P/S Ratio (TTM)
0.8x
P/E Ratio (TTM)
12.4x
YoY Rev Growth
-3.8%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Next: Q1 2026 · Mar 12
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$6.5B
$1.4B
$804M
Q2 23
$8.0B
$1.8B
$1.2B
Q3 23
$8.7B
$2.2B
$1.5B
Q4 23
$11.0B
$2.8B
$2.0B
Q1 24
$7.3B
$1.6B
$876M
Q2 24
$8.8B
$2.0B
$1.2B
Q3 24
$9.4B
$2.0B
$1.3B
Q4 24
$10.0B
$2.3B
$1.4B
Q1 25
$7.6B
$1.5B
$683M
Q2 25
$8.4B
$1.5B
$604M
Q3 25
$8.8B
$1.6B
$685M
Q4 25
$9.4B
$1.5B
$667M
marketcaparena.com
Revenue Breakdown
LEN
Lennar Corporation
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.8x
5.5x
Q2 23
0.8x
6.0x
Q3 23
0.8x
6.6x
Q4 23
0.7x
6.5x
Q1 24
0.7x
6.3x
Q2 24
0.7x
6.2x
Q3 24
0.7x
6.1x
Q4 24
0.7x
6.5x
Q1 25
0.7x
6.9x
Q2 25
0.7x
7.9x
Q3 25
0.7x
9.6x
Q4 25
0.8x
12.4x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$978M
$973M
Q2 23
$660M
$635M
Q3 23
$952M
$930M
Q4 23
$2.6B
$2.5B
Q1 24
$368M
$295M
Q2 24
$242M
$203M
Q3 24
$819M
$801M
Q4 24
$975M
$933M
Q1 25
-$289M
-$345M
Q2 25
-$1.1B
-$1.1B
Q3 25
-$159M
-$191M
Q4 25
$1.8B
$1.7B
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$5M
Q2 23
$26M
Q3 23
$22M
Q4 23
$46M
Q1 24
$73M
Q2 24
$39M
Q3 24
$18M
Q4 24
$41M
Q1 25
$56M
Q2 25
$15M
Q3 25
$32M
Q4 25
$85M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+4.4%
+10.8%
Q2 23
-3.8%
+5.3%
Q3 23
-2.1%
+3.8%
Q4 23
+7.9%
+9.0%
Q1 24
+12.5%
+13.0%
Q2 24
+9.2%
+10.1%
Q3 24
+7.6%
+12.0%
Q4 24
-9.2%
-5.5%
Q1 25
+4.5%
+8.2%
Q2 25
-4.9%
+2.7%
Q3 25
-6.4%
-0.2%
Q4 25
-6.5%
+1.4%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$87M
1.3%
Q2 23
$40M
0.5%
Q3 23
$13M
0.1%
Q4 23
$21M
0.2%
Q1 24
$88M
1.2%
Q2 24
$35M
0.4%
Q3 24
$32M
0.3%
Q4 24
$23M
0.2%
Q1 25
$84M
1.1%
Q2 25
$29M
0.3%
Q3 25
$26M
0.3%
Q4 25
$25M
0.3%
marketcaparena.com
OpEx Breakdown
G&A
SG&A
Quarter
G&A
SG&A
Q1 23
—
$590M
Q2 23
—
$653M
Q3 23
—
$715M
Q4 23
—
$848M
Q1 24
—
$742M
Q2 24
—
$806M
Q3 24
—
$787M
Q4 24
—
$874M
Q1 25
—
$781M
Q2 25
—
$865M
Q3 25
—
$869M
Q4 25
$162M
—
marketcaparena.com
Revenue Segments
Lennar - Other
Lennar Financial Services
Lennar Homebuilding East, Central, West, Houston, and Other
Lennar Multifamily
Quarter
Lennar - Other
Lennar Financial Services
Lennar Homebuilding East, Central, West, Houston, and Other
Lennar Multifamily
Q1 23
$8M
$183M
$6.2B
$149M
Q2 23
$7M
$223M
$7.7B
$154M
Q3 23
$7M
$266M
$8.3B
$140M
Q4 23
$6M
$305M
$10.5B
$131M
Q1 24
$9M
$250M
$6.9B
$133M
Q2 24
$27M
$282M
$8.4B
$102M
Q3 24
$17M
$273M
$9.0B
$185M
Q4 24
$26M
$305M
$9.5B
$102M
Q1 25
$24M
$277M
$7.3B
$73M
Q3 25
$45M
$314M
$8.3B
$239M
marketcaparena.com
Revenue by Geography
Homebuilding Central
Homebuilding East
Homebuilding Other Regions
Homebuilding Texas
Homebuilding West
Quarter
Homebuilding Central
Homebuilding East
Homebuilding Other Regions
Homebuilding Texas
Homebuilding West
Q1 23
$1.0B
$1.9B
$5M
$1.0B
$2.2B
Q2 23
$1.4B
$2.3B
$12M
$1.1B
$2.8B
Q3 23
$1.6B
$2.4B
$10M
$1.2B
$3.1B
Q4 23
$2.1B
$3.0B
$12M
$1.4B
$4.0B
Q1 24
$1.4B
$1.9B
$10M
$1.1B
$2.5B
Q2 24
$1.7B
$2.2B
$9M
$1.2B
$3.3B
Q3 24
$2.1B
$2.1B
$6M
$1.3B
$3.5B
Q4 24
$2.4B
$2.2B
$8M
$1.2B
$3.7B
Q1 25
$1.6B
$1.7B
$8M
$1.2B
$2.9B
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$4.3B
$0
$4.3B
Q2 23
$4.3B
$0
$4.3B
Q3 23
$4.1B
$0
$4.1B
Q4 23
$6.6B
$0
$6.6B
Q1 24
$5.2B
$0
$5.2B
Q2 24
$3.9B
$0
$3.9B
Q3 24
$4.3B
$0
$4.3B
Q4 24
$5.0B
$0
$5.0B
Q1 25
$2.6B
$0
$2.6B
Q2 25
$1.5B
$0
$1.5B
Q3 25
$1.7B
$0
$1.7B
Q4 25
$3.8B
$0
$3.8B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
286M
-0.4%
Q2 23
285M
-0.4%
Q3 23
283M
-0.7%
Q4 23
279M
-1.2%
Q1 24
277M
-0.9%
Q2 24
274M
-1.2%
Q3 24
270M
-1.3%
Q4 24
267M
-1.1%
Q1 25
263M
-1.7%
Q2 25
262M
-0.5%
Q3 25
256M
-2.3%
Q4 25
252M
-1.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$1M
7K
FY 15
$1M
8K
FY 16
$1M
8K
FY 17
$1M
9K
FY 18
$2M
12K
FY 19
$2M
10K
FY 20
$2M
9K
FY 21
$3M
11K
FY 22
$3M
12K
FY 23
$3M
12K
FY 24
$3M
13K
FY 25
$3M
13K
marketcaparena.com