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.
Follow LEN
Lennar Corporation (LEN) Return on invested capital
Lennar Corporation's return on invested capital over the twelve months to 31 August 2026 was 4.53%, down 3.0 percentage points from fiscal 2025 (7.55%). Over the past ten years it has ranged from 5.26% (fiscal 2018) to 17.9% (fiscal 2022); the current reading is higher than 55% of that period. That is below the Residential Construction industry median of 6.90% and above the Consumer Cyclical sector median of 2.95%.
Return on invested capital, annual
Embed this chart
Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 7.55% | (4.29) |
| FY2024 | 11.8% | (2.79) |
| FY2023 | 14.6% | (3.31) |
| FY2022 | 17.9% | 3.91 |
| FY2021 | 14.0% | 4.83 |
| FY2020 | 9.20% | 2.34 |
| FY2019 | 6.86% | 1.60 |
| FY2018 | 5.26% | (1.81) |
| FY2017 | 7.07% | (0.39) |
| FY2016 | 7.46% | 0.61 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| NVR NVR, Inc. compare | 34.9% |
| SKY Champion Homes, Inc. compare | 18.2% |
| IBP Installed Building Products, Inc. compare | 17.5% |
| CVCO Cavco Industries, Inc. compare | 16.7% |
| PHM PulteGroup, Inc. compare | 11.2% |
| TOL Toll Brothers Inc. compare | 9.08% |
| DHI D.R. Horton, Inc. compare | 9.02% |
| LEN Lennar Corporation | 4.53% |
| LEN.B Lennar Corporation compare | 4.53% |
| Residential Construction industry median | 6.90% |
| Consumer Cyclical sector median | 2.95% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on LEN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement