LEN-B
LENNAR CORP /NEW/
Next earnings Sep 16, 2026 (after close) · consensus $1.33 EPS, $8.38B rev
Last earnings +5.8% on 2026-06-11
$91.90
▲ +0.20%$91.90▼ -11.24%
over 1Y
L $80.32EODHDH $134.52
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.2%
1W+7.8%
1M+4.0%
3M+7.2%
YTD-2.9%
1Y-11.2%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 27 analysts
Hold
Cheap at 6.1x on depressed earnings, but margins and cash flow have collapsed in a soft housing market — own it, don't chase.
P/E (FY diluted EPS $14.31) 6.1 · FY2024
The read
Middling fundamentals offset by an attractive price (~32% below fair value) — worth a look on the value angle.
Lennar is a high-quality, well-capitalized homebuilder going through a cyclical trough. FY2025 revenue of $34.2B fell 3.5% YoY and net income dropped 47.2% to $2.08B as management slashed home prices to defend volume in a demand-starved, affordability-constrained market. The MD&A is candid: margins were under pressure all year, the customer response to lower mortgage rates was 'tepid,' and Q1 2026 gross margins are guided to just 15-16%. Operating cash flow cratered 91% to $217M, a striking signal of how much capital is tied up as the cycle bottoms.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $27.1B | $33.7B | $34.2B | $35.4B | $34.2B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $4.43B | $4.61B | $3.94B | $3.93B | $2.08B |
| Diluted EPS | $14.27 | $15.72 | $13.73 | $14.31 | — |
| Net margin | 16.3% | 13.7% | 11.5% | 11.1% | 6.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield—
FCF yield—
Quality & risk
ROIC (est.)9.9%
Free cash flow$28.2M
Total debt$5.87B
Net cash-$2.12B
Piotroski F-Score3/6
Capital returns
Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-122026-06-12open ↗8-KPeriod ending 2026-06-112026-06-11open ↗8-KPeriod ending 2026-06-052026-06-08open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-292026-06-02open ↗SCHEDULE 13GFiling2026-05-15open ↗4Period ending 2026-05-112026-05-13open ↗13F-HRPeriod ending 2026-03-312026-05-13open ↗3Period ending 2026-05-012026-05-11open ↗3Period ending 2026-05-012026-05-11open ↗SCHEDULE 13GFiling2026-05-04open ↗SCHEDULE 13GFiling2026-04-30open ↗
Frequently asked
- Is LENNAR CORP /NEW/ (LEN-B) a buy?
- LEN-B currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Cheap at 6.1x on depressed earnings, but margins and cash flow have collapsed in a soft housing market — own it, don't chase.
- What is LEN-B's fair value?
- A Modified-Graham model based on LEN-B's SEC fundamentals estimates a fair value of about $121.64. It is an estimate from reported earnings, not a price target.
- Is LEN-B overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, LEN-B currently appears undervalued relative to its SEC-grounded earnings power.
- What is LENNAR CORP /NEW/'s quality score?
- LEN-B scores 66.13725490196077/100 (grade B-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000920760, latest 10-Q filed 2026-04-09) · EODHD · analysis by claude-code · as of 6/21/2026, 8:41:19 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.