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Lennar Corporation

LEN 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

91.54 0.65 −0.71%

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Market cap: $21.7B
P/E: 17.3×
Fwd P/E: 17.9×
Dividend yield: 2.18%
F-score: 5/9
Altman Z: 4.27
Beneish M: −2.02
Dividend safety: 64/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Nov '16	Nov '17	Nov '18	Nov '19	Nov '20	Nov '21	Nov '22	Nov '23	Nov '24	Nov '25
P/E ratio Full definition →	9.97	17.64	7.79	9.79	9.25	7.06	5.34	8.93	11.62	16.30
Piotroski F-Score Full definition →	6	4	7	5	7	7	6	5	4	5
Altman Z-Score Full definition →	2.80	2.83	2.53	2.99	3.46	4.18	3.92	4.45	4.76	4.27
P/S ratio Full definition →	0.83	1.13	0.61	0.81	1.00	1.14	0.73	1.02	1.28	0.98
P/FCF ratio Full definition →	19.97	16.43	8.10	12.21	5.43	12.34	7.57	6.84	19.77	187.51
Altman Z″-Score (non-manufacturers) Full definition →	6.50	6.28	6.27	6.77	7.45	8.17	8.37	8.60	8.22	6.99
Beneish M-Score Full definition →	(2.00)	(2.98)	(1.69)	(2.08)	(2.88)	(1.76)	(1.98)	(2.21)	(2.13)	(2.02)
P/Operating CF Full definition →	17.85	21.85	13.10	15.21	17.43	25.36	9.01	13.45	46.53	19.08
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	64
P/B ratio Full definition →	1.26	1.79	0.86	1.12	1.25	1.47	1.01	1.30	1.62	1.52
Price to Tangible BV Full definition →	1.26	1.82	1.13	1.43	1.54	1.76	1.18	1.50	1.84	1.80
EV/Sales Full definition →	1.14	1.44	0.96	1.10	1.15	1.21	0.71	0.92	1.21	1.00
EV/EBITDA Full definition →	9.40	12.82	10.40	9.65	8.03	6.30	3.47	5.65	8.64	11.85
EV/Operating CF Full definition →	24.58	18.49	11.71	16.58	6.15	12.97	7.31	6.05	17.86	157.67
EV/FCF Full definition →	27.33	20.86	12.69	16.66	6.21	13.09	7.38	6.16	18.72	190.96
Quick Ratio Full definition →	1.26	1.67	1.20	1.15	1.73	1.41	1.48	1.72	1.06	1.36
Current Ratio Full definition →	8.93	8.42	13.90	14.37	11.44	9.56	6.98	6.12	4.71	4.89
Net Debt/EBITDA Full definition →	2.53	2.72	3.76	2.58	1.01	0.36	(0.09)	(0.63)	(0.49)	0.21
Debt/Assets Full definition →	29.79%	34.20%	29.91%	26.49%	19.90%	14.01%	10.66%	7.18%	5.47%	11.86%
Debt/Equity Full definition →	0.63	0.80	0.58	0.49	0.33	0.22	0.17	0.11	0.08	0.18
Asset Turnover Full definition →	0.74	0.74	0.87	0.77	0.76	0.86	0.95	0.89	0.88	0.90
Operating CF/Net income Full definition →	0.56	1.22	1.01	0.81	1.72	0.58	0.72	1.33	0.62	0.11
Capex/Depreciation Full definition →	(0.79)	(1.44)	(1.93)	(0.11)	(0.56)	(0.30)	(0.38)	(0.80)	(0.95)	(0.28)
ROE Full definition →	13.72%	10.56%	14.83%	11.93%	14.28%	22.39%	20.17%	15.27%	14.23%	8.21%
ROA Full definition →	6.06%	4.71%	7.11%	6.33%	8.22%	13.86%	12.82%	10.08%	9.67%	5.43%
ROIC Full definition →	7.46%	7.07%	5.26%	6.86%	9.20%	14.03%	17.94%	14.63%	11.84%	7.55%
Return on Tangible Assets Full definition →	9.40%	6.72%	9.69%	10.20%	13.39%	22.26%	21.29%	18.22%	19.43%	16.08%
Average Days of Receivables Full definition →	10.38	3.97	4.20	5.40	4.85	6.60	7.31	9.47	10.85	10.70
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	2.12%	2.26%	1.67%	1.44%	1.48%	1.47%	1.23%	1.46%	1.83%	1.86%
Intangible Assets out of Total Assets Full definition →	0.00	0.01	0.12	0.12	0.12	0.10	0.09	0.09	0.08	0.10
Share Based Compensation of Revenue Full definition →	0.51%	0.49%	0.35%	0.39%	0.48%	0.50%	0.55%	0.47%	0.50%	0.48%
Graham Net Nets Full definition →	0.29	0.20	0.38	0.33	0.36	0.32	0.46	0.37	0.27	0.11
Graham Number Full definition →	54.61	50.90	75.19	80.92	101.84	148.38	172.43	170.82	182.31	124.27
Earnings Yield Full definition →	10.03%	5.67%	12.83%	10.22%	10.81%	14.16%	18.72%	11.19%	8.60%	6.14%
Free Cash Flow Yield Full definition →	5.01%	6.08%	12.35%	8.19%	18.41%	8.11%	13.22%	14.62%	5.06%	0.53%
Revenue per Share Full definition →	49.09	53.33	66.80	69.91	72.68	88.49	116.18	120.83	130.29	132.64
Operating CF per Share Full definition →	2.28	4.14	5.49	4.66	13.54	8.26	11.27	18.28	8.84	0.84
Capex per Share Full definition →	(0.23)	(0.47)	(0.42)	(0.02)	(0.13)	(0.08)	(0.11)	(0.31)	(0.40)	(0.15)
Free Cash Flow per Share Full definition →	2.05	3.67	5.07	4.63	13.42	8.18	11.16	17.98	8.43	0.69
Cash per Share Full definition →	5.45	10.78	4.49	3.81	8.79	8.99	16.01	22.19	17.18	13.45
Shareholders Equity per Share Full definition →	32.33	33.67	47.68	50.35	58.50	68.48	83.64	94.25	103.01	85.90
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	32.33	33.67	47.68	50.35	58.50	68.48	83.64	94.25	103.01	85.90
Free Cash Flow Full definition →	456.65	870.60	1,561.31	1,475.15	4,152.00	2,509.15	3,233.14	5,093.15	2,293.32	179.01
Working Capital Full definition →	9,606.02	11,943.80	17,342.40	17,974.86	18,199.07	19,664.87	21,427.76	21,355.64	20,043.83	12,798.66
Capital Expenditures Full definition →	(51.15)	(111.77)	(130.44)	(7.19)	(38.82)	(23.62)	(32.53)	(86.58)	(110.06)	(37.80)
Net Current Asset Value Full definition →	2,666.70	2,795.65	4,804.04	5,993.80	8,107.32	9,751.22	11,267.51	12,995.59	12,155.64	3,797.69
EV/EBIT Full definition →	9.89	13.56	10.78	9.90	8.21	6.39	3.52	5.76	8.85	12.43
Capex to Sales Full definition →	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Operating Income Full definition →	7.22	10.69	6.88	7.26	7.18	6.02	3.60	6.40	9.35	12.20
Other line items
Depreciation/Fixed assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash ROIC Full definition →	3.51%	5.14%	6.34%	5.89%	15.51%	8.83%	9.82%	14.22%	6.56%	0.60%
Accounts Receivable Turnover Full definition →	40.48	56.31	109.86	78.66	71.64	68.78	57.84	43.83	36.51	33.26
Accounts Payable Turnover Full definition →	19.81	20.34	20.73	17.50	18.05	18.31	18.02	17.42	17.25	16.87
Inventory Turnover Full definition →	1.06	1.10	1.31	1.12	1.10	1.21	1.38	1.49	1.57	1.97
Average Days of Payables Full definition →	18.47	20.03	23.11	20.06	19.91	22.33	22.29	21.05	22.42	21.48
Days of Inventory on Hand Full definition →	354.34	359.68	341.61	333.47	324.89	316.34	271.64	236.77	240.38	137.68
Average Receivables Full definition →	270.49	224.58	187.25	282.98	313.90	394.47	582.13	780.99	970.60	1,027.92
Average Payables Full definition →	477.23	541.75	879.87	1,111.98	1,053.26	1,179.29	1,468.69	1,623.76	1,735.42	1,825.96
Average Inventory Full definition →	8,959.76	10,019.91	13,964.80	17,422.61	17,350.87	17,820.27	19,206.80	19,025.51	19,036.14	15,668.59
Average Assets Full definition →	14,890.65	17,053.41	23,655.61	28,962.85	29,647.35	31,571.48	35,596.04	38,609.30	40,273.54	37,871.61
Average Common Equity Full definition →	6,580.82	7,598.85	11,334.55	15,358.40	17,066.62	19,547.84	22,618.33	25,471.17	27,361.59	25,080.92

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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