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.
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Lennar Corporation (LEN) EBITDA
Lennar Corporation's EBITDA for fiscal 2025 was $2.9B, down 41.9% from $5.0B in fiscal 2024. Over the twelve months to 31 August 2026 it was $1.9B. Over the past ten years it has ranged from $1.1B (fiscal 2015) to $6.9B (fiscal 2022); the current reading is higher than 55% of that period. EBITDA has fallen for 3 consecutive fiscal years. Lennar Corporation ranks 3rd of 18 Residential Construction companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $2.9B | (41.90%) |
| FY2024 | $5.0B | (10.50%) |
| FY2023 | $5.5B | (19.27%) |
| FY2022 | $6.9B | 31.72% |
| FY2021 | $5.2B | 62.51% |
| FY2020 | $3.2B | 26.04% |
| FY2019 | $2.5B | 33.71% |
| FY2018 | $1.9B | 34.47% |
| FY2017 | $1.4B | 6.74% |
| FY2016 | $1.3B | 15.45% |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Aug 2026 | $517.7M | 13.80% |
| May 2026 | $454.9M | 70.67% |
| Feb 2026 | $266.6M | (62.03%) |
| Nov 2025 | $702.1M | (7.07%) |
| 43 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| DHI D.R. Horton, Inc. compare | $3.9B |
| PHM PulteGroup, Inc. compare | $2.6B |
| LEN Lennar Corporation | $1.9B |
| LEN.B Lennar Corporation compare | $1.9B |
| TOL Toll Brothers Inc. compare | $1.6B |
| NVR NVR, Inc. compare | $1.6B |
| IBP Installed Building Products, Inc. compare | $519.6M |
| SKY Champion Homes, Inc. compare | $282.3M |
| CVCO Cavco Industries, Inc. compare | $245.5M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
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- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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