Saturday 17 October 2026
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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. In the quarter to August 2026, revenue fell 8.67%, EPS fell 48.0%, free cash flow grew 50.1% and total debt rose 22.0%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.
77.08
0.61
−0.79%
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| Nov '16 | Nov '17 | Nov '18 | Nov '19 | Nov '20 | Nov '21 | Nov '22 | Nov '23 | Nov '24 | Nov '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
9.88 | 17.77 | 7.85 | 9.86 | 9.32 | 7.12 | 5.38 | 9.00 | 11.71 | 16.30 |
Piotroski F-Score |
6 | 4 | 7 | 5 | 7 | 7 | 6 | 5 | 4 | 5 |
Altman Z-Score |
2.79 | 2.84 | 2.53 | 3.00 | 3.47 | 4.19 | 3.92 | 4.46 | 4.77 | 4.27 |
P/S ratio |
0.82 | 1.14 | 0.62 | 0.82 | 1.01 | 1.15 | 0.73 | 1.02 | 1.29 | 0.98 |
P/FCF ratio |
19.78 | 16.55 | 8.16 | 12.30 | 5.47 | 12.43 | 7.62 | 6.89 | 19.92 | 187.51 |
Altman Z″-Score (non-manufacturers) |
6.50 | 6.28 | 6.27 | 6.77 | 7.45 | 8.17 | 8.37 | 8.60 | 8.22 | 6.99 |
Beneish M-Score |
(2.00) | (2.98) | (1.69) | (2.08) | (2.88) | (1.76) | (1.98) | (2.21) | (2.13) | (2.02) |
P/Operating CF |
17.68 | 22.01 | 13.20 | 15.32 | 17.56 | 25.55 | 9.08 | 13.55 | 46.88 | 19.08 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 64 |
P/B ratio |
1.25 | 1.80 | 0.87 | 1.13 | 1.26 | 1.49 | 1.02 | 1.31 | 1.63 | 1.52 |
Price to Tangible BV |
1.25 | 1.84 | 1.13 | 1.44 | 1.55 | 1.78 | 1.18 | 1.51 | 1.86 | 1.80 |
EV/Sales |
1.13 | 1.44 | 0.97 | 1.11 | 1.15 | 1.22 | 0.71 | 0.92 | 1.22 | 1.00 |
EV/EBITDA |
9.34 | 12.89 | 10.45 | 9.70 | 8.09 | 6.34 | 3.50 | 5.70 | 8.71 | 11.85 |
EV/Operating CF |
24.41 | 18.59 | 11.76 | 16.67 | 6.19 | 13.06 | 7.36 | 6.10 | 18.00 | 157.67 |
EV/FCF |
27.14 | 20.98 | 12.75 | 16.75 | 6.25 | 13.18 | 7.44 | 6.21 | 18.87 | 190.96 |
Quick Ratio |
1.26 | 1.67 | 1.20 | 1.15 | 1.73 | 1.41 | 1.48 | 1.72 | 1.06 | 1.36 |
Current Ratio |
8.93 | 8.42 | 13.90 | 14.37 | 11.44 | 9.56 | 6.98 | 6.12 | 4.71 | 4.89 |
Net Debt/EBITDA |
2.53 | 2.72 | 3.76 | 2.58 | 1.01 | 0.36 | (0.09) | (0.63) | (0.49) | 0.21 |
Debt/Assets |
29.79% | 34.20% | 29.91% | 26.49% | 19.90% | 14.01% | 10.66% | 7.18% | 5.47% | 11.86% |
Debt/Equity |
0.63 | 0.80 | 0.58 | 0.49 | 0.33 | 0.22 | 0.17 | 0.11 | 0.08 | 0.18 |
Asset Turnover |
0.74 | 0.74 | 0.87 | 0.77 | 0.76 | 0.86 | 0.95 | 0.89 | 0.88 | 0.90 |
Operating CF/Net income |
0.56 | 1.22 | 1.01 | 0.81 | 1.72 | 0.58 | 0.72 | 1.33 | 0.62 | 0.11 |
Capex/Depreciation |
(0.79) | (1.44) | (1.93) | (0.11) | (0.56) | (0.30) | (0.38) | (0.80) | (0.95) | (0.28) |
| 13.72% | 10.56% | 14.83% | 11.93% | 14.28% | 22.39% | 20.17% | 15.27% | 14.23% | 8.21% | |
| 6.06% | 4.71% | 7.11% | 6.33% | 8.22% | 13.86% | 12.82% | 10.08% | 9.67% | 5.43% | |
ROIC |
7.46% | 7.07% | 5.26% | 6.86% | 9.20% | 14.03% | 17.94% | 14.63% | 11.84% | 7.55% |
Return on Tangible Assets |
9.40% | 6.72% | 9.69% | 10.20% | 13.39% | 22.26% | 21.29% | 18.22% | 19.43% | 16.08% |
Average Days of Receivables |
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 |
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 |
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 |
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 |
0.51% | 0.49% | 0.35% | 0.39% | 0.48% | 0.50% | 0.55% | 0.47% | 0.50% | 0.48% |
Graham Net Nets |
0.30 | 0.19 | 0.38 | 0.33 | 0.36 | 0.31 | 0.46 | 0.37 | 0.27 | 0.11 |
Graham Number |
54.61 | 50.90 | 75.19 | 80.92 | 101.84 | 148.38 | 172.43 | 170.82 | 182.31 | 124.27 |
Earnings Yield |
10.13% | 5.63% | 12.74% | 10.14% | 10.73% | 14.05% | 18.58% | 11.11% | 8.54% | 6.14% |
Free Cash Flow Yield |
5.06% | 6.04% | 12.25% | 8.13% | 18.27% | 8.05% | 13.12% | 14.52% | 5.02% | 0.53% |
Revenue per Share |
49.09 | 53.33 | 66.80 | 69.91 | 72.68 | 88.49 | 116.18 | 120.83 | 130.29 | 132.64 |
Operating CF per Share |
2.28 | 4.14 | 5.49 | 4.66 | 13.54 | 8.26 | 11.27 | 18.28 | 8.84 | 0.84 |
Capex per Share |
(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 |
2.05 | 3.67 | 5.07 | 4.63 | 13.42 | 8.18 | 11.16 | 17.98 | 8.43 | 0.69 |
Cash per Share |
5.45 | 10.78 | 4.49 | 3.81 | 8.79 | 8.99 | 16.01 | 22.19 | 17.18 | 13.45 |
Shareholders Equity per Share |
32.33 | 33.67 | 47.68 | 50.35 | 58.50 | 68.48 | 83.64 | 94.25 | 103.01 | 85.90 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
32.33 | 33.67 | 47.68 | 50.35 | 58.50 | 68.48 | 83.64 | 94.25 | 103.01 | 85.90 |
Free Cash Flow |
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 |
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 |
(51.15) | (111.77) | (130.44) | (7.19) | (38.82) | (23.62) | (32.53) | (86.58) | (110.06) | (37.80) |
Net Current Asset Value |
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 |
9.82 | 13.64 | 10.83 | 9.96 | 8.27 | 6.44 | 3.54 | 5.81 | 8.92 | 12.43 |
Capex to Sales |
0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
7.16 | 10.76 | 6.93 | 7.31 | 7.24 | 6.07 | 3.63 | 6.45 | 9.42 | 12.20 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
3.51% | 5.14% | 6.34% | 5.89% | 15.51% | 8.83% | 9.82% | 14.22% | 6.56% | 0.60% |
Accounts Receivable Turnover |
40.48 | 56.31 | 109.86 | 78.66 | 71.64 | 68.78 | 57.84 | 43.83 | 36.51 | 33.26 |
Accounts Payable Turnover |
19.81 | 20.34 | 20.73 | 17.50 | 18.05 | 18.31 | 18.02 | 17.42 | 17.25 | 16.87 |
Inventory Turnover |
1.06 | 1.10 | 1.31 | 1.12 | 1.10 | 1.21 | 1.38 | 1.49 | 1.57 | 1.97 |
Average Days of Payables |
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 |
354.34 | 359.68 | 341.61 | 333.47 | 324.89 | 316.34 | 271.64 | 236.77 | 240.38 | 137.68 |
Average Receivables |
270.49 | 224.58 | 187.25 | 282.98 | 313.90 | 394.47 | 582.13 | 780.99 | 970.60 | 1,027.92 |
Average Payables |
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 |
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 |
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 |
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 |
Columns are period end dates · fundamentals updated 8 Oct 2026