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Lennar Corporation

LEN.B Consumer Cyclical Residential Construction

Lennar Corporation’s revenue for fiscal 2025 (year ended November 2025) was $34.2 billion, down 3.54% from fiscal 2024.

Revenue
−8.67%
EPS
−48.0%
Free cash flow
+50.1%
Total debt
+22.0%

Quarter to August 2026, against a year earlier

89.54 0.64 −0.71%
Market cap
$38.8B
P/E
16.9×
Fwd P/E
—
Dividend yield
—
F-score
5/9
Altman Z
4.17
Beneish M
−2.02
Dividend safety
64/100
Overview Business Profile
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Lennar Corporation (LEN.B) Debt to equity

Alert me on Debt to equity

Lennar Corporation's debt to equity at the end of the quarter to 31 August 2026 was 0.2×, up 0.0× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.1× (fiscal 2024) to 0.8× (fiscal 2015); the current reading is higher than 36% of that period. That is above the Residential Construction industry median of 0.2× and in line with the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.2× 128.91%
FY2024 0.1× (23.60%)
FY2023 0.1× (36.83%)
FY2022 0.2× (24.64%)
FY2021 0.2× (32.66%)
FY2020 0.3× (32.14%)
FY2019 0.5× (16.65%)
FY2018 0.6× (27.50%)
FY2017 0.8× 26.49%
FY2016 0.6× (24.87%)

Quarterly newest first

Period Debt to equity Change
Aug 2026 0.2× 6.51%
May 2026 0.2× 0.81%
Feb 2026 0.2× 0.00%
Nov 2025 0.2× 19.11%
43 more quarters

Against its own ten years

Low 0.1× High 0.8×
Ten-year median 0.3×
Current reading's percentile 36

Debt to equity against peers

Company Debt to equity
CVCO Cavco Industries, Inc. compare 0.0×
NVR NVR, Inc. compare 0.0×
SKY Champion Homes, Inc. compare 0.0×
PHM PulteGroup, Inc. compare 0.2×
LEN Lennar Corporation compare 0.2×
LEN.B Lennar Corporation 0.2×
DHI D.R. Horton, Inc. compare 0.3×
TOL Toll Brothers Inc. compare 0.3×
IBP Installed Building Products, Inc. compare 1.5×
Residential Construction industry median 0.2×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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