Lennar Corporation (LEN-B) AI Stock Analysis

Lennar Corporation, founded in 1954 and based in Miami, Florida, constructs and develops residential housing throughout the United States. Operating primarily under the Lennar brand, its segments include Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other. The company builds both single-family attached and detached homes, acquires and develops residential land, and manages multifamily rental properties. Lennar also provides residential mortgage financing, title insurance, and closing services to homebuyers. Its operations serve first-time buyers, move-up buyers, active adults, and luxury homebuyers across various regional housing markets.

Lennar grew annual revenue from $27.13B in FY2021 to a peak of $35.44B in FY2024 before revenue fell 3.5% to $34.19B in FY2025. Over the five years from FY2020 to FY2025, revenue achieved a CAGR of 8.7%. Net income contracted from $4.43B in FY2021 to $2.08B in FY2025, while gross margin declined from 20.4% in FY2021 to 9.9% in FY2025. Operating margin also compressed from 18.9% in FY2021 to 8.0% in FY2025. In the latest quarter ended August 31, 2026, quarterly revenue fell 8.7% year-over-year, and quarterly earnings decreased 48.2% year-over-year. Trailing twelve month revenue stands at $31.97B with a profit margin of 4.1%.

As of August 31, 2026, Lennar reported $1.15B in cash and short-term investments alongside $4.30B in total debt, resulting in net debt of $3.15B. The balance sheet reflects shareholders' equity of $21.56B, total assets of $33.38B, and a current ratio of 8.38. Debt-to-equity stands at 0.20. In FY2025, operating cash flow was $216.8M and free cash flow was $28.2M. Capital allocation in FY2025 included $188.6M in capital expenditures, $1.81B in share buybacks, and $521.0M in dividends paid, contributing to a 21.1% share count reduction over five years.

LEN-B closed at $76.71 on October 16, 2026, giving the company a market capitalization of $18.25B and an enterprise value of $22.74B. Lennar trades at a trailing P/E of 14.5x, which is below the 18.0x median of its US-listed Consumer Cyclical peers. Its forward P/E of 15.4x stands above the peer median of 14.1x. The stock trades at an EV to EBITDA ratio of 12.6x compared to the peer median of 11.1x, and a price-to-book ratio of 0.9x. Over the past year, LEN-B generated a return of -31.5%, trailing the S&P 500 return of 16.8%.

Lennar pays a quarterly dividend with an annual forward payout of $2.00, yielding 2.61% as of October 16, 2026. The company maintains a payout ratio of 37.5% and has paid dividends for 24 consecutive years. Over the past five years, dividend growth annualized at 27.5%. The last ex-dividend date was October 7, 2026.

Analysts project revenue of $31.50B for the current fiscal year ending November 30, 2026. For the next fiscal year, consensus revenue estimates reach $32.44B, representing expected revenue growth of 3.0%. Over the last four quarters, Lennar beat EPS estimates in 2 quarters. The stock closed at $76.71 on October 16, 2026, trading 12.9% below its 200-day moving average.

This page is an AI-written research summary of Lennar Corporation (LEN-B). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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