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

Lennar Corporation (LEN.B) Free cash flow margin

Alert me on Free cash flow margin

Lennar Corporation's free cash flow margin over the twelve months to 31 August 2026 was 2.93%, up 2.4 percentage points from fiscal 2025 (0.52%). Over the past ten years it has ranged from −2.98% (fiscal 2015) to 18.5% (fiscal 2020); the current reading is higher than 18% of that period. That is below the Residential Construction industry median of 8.39% and below the Consumer Cyclical sector median of 3.20%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 0.52% (5.95)
FY2024 6.47% (8.41)
FY2023 14.9% 5.28
FY2022 9.60% 0.35
FY2021 9.25% (9.21)
FY2020 18.5% 11.83
FY2019 6.63% (0.96)
FY2018 7.59% 0.71
FY2017 6.88% 2.71
FY2016 4.17% 7.15

Against its own ten years

Low −2.98% High 18.5%
Ten-year median 6.88%
Current reading's percentile 18

Free cash flow margin against peers

Company Free cash flow margin
DHI D.R. Horton, Inc. compare 10.1%
TOL Toll Brothers Inc. compare 10.1%
CVCO Cavco Industries, Inc. compare 9.71%
NVR NVR, Inc. compare 8.78%
PHM PulteGroup, Inc. compare 8.68%
SKY Champion Homes, Inc. compare 8.50%
IBP Installed Building Products, Inc. compare 8.27%
LEN.B Lennar Corporation 2.93%
LEN Lennar Corporation compare 2.93%
Residential Construction industry median 8.39%
Consumer Cyclical sector median 3.20%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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