Lennar Corporation (LEN) AI Stock Analysis

Lennar Corporation constructs and sells single-family attached and detached homes and acquires, develops, and sells residential land across the United States under the Lennar brand. It operates through segments including Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other. The company develops and manages multifamily rental properties and serves first-time, move-up, active adult, and luxury homebuyers. Its financial services operations offer residential mortgage financing, title services, insurance, and closing services, as well as the origination and sale of securitized commercial mortgage loans and fund investment activities.

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 5-year period from FY2020 to FY2025, revenue achieved a compound annual growth rate of 8.7%. Net income dropped from $4.43B in FY2021 and $4.61B in FY2022 down to $2.08B in FY2025, with net margin declining to 6.1% and operating margin reaching 8.0%. In the latest quarter ended August 31, 2026, quarterly revenue fell 8.7% year-over-year while quarterly earnings declined 48.2% year-over-year. For the trailing twelve months, Lennar recorded $31.97B in revenue, an operating margin of 5.7%, and earnings per share of $5.28.

As of August 31, 2026, Lennar held $1.15B in cash and short-term investments against total debt of $4.30B, resulting in net debt of $3.15B. The company maintained a debt-to-equity ratio of 0.20, shareholders' equity of $21.56B, and a current ratio of 8.38. In FY2025, operating cash flow stood at $216.8M and free cash flow was $28.2M after capital expenditures of $188.6M. Capital returns in FY2025 included $1.81B in share buybacks and $521.0M in dividends paid, contributing to a 5-year share count change of -21.1%.

At a closing price of $77.08 on October 16, 2026, Lennar had a market capitalization of $18.34B and an enterprise value of $22.74B. Lennar trades at a trailing price-to-earnings multiple of 14.6x and an EV-to-EBITDA multiple of 12.6x, compared to 20.1x and 13.8x for the median of its S&P 500 Consumer Cyclical peers. Its forward price-to-earnings ratio is 15.7x, compared to the peer median of 15.6x. Over the past year, Lennar returned -35.9%, trailing the S&P 500 return of 16.8%, and its 5-year return of -10.9% trailed the S&P 500 gain of 83.0%.

Lennar pays a quarterly dividend with an annualized forward dividend of $2.00 per share, representing a dividend yield of 2.59% as of October 16, 2026. The company maintains a payout ratio of 32.1% and has paid dividends for 43 consecutive years. Over the past 5 years, Lennar increased its dividend at an annualized rate of 27.0%, with its most recent ex-dividend date on October 7, 2026.

Wall Street coverage comprises 1 Strong Buy, 1 Buy, 9 Hold, 5 Sell, and 5 Strong Sell ratings. The mean price target of $77.87 sits 1.0% above the last close of $77.08. For the current fiscal year ending November 30, 2026, consensus estimates project revenue of $31.50B and earnings per share of $4.94, representing a 38.8% earnings contraction. For the next fiscal year, 12 analysts anticipate revenue of $32.44B and earnings per share of $5.22. Over the last four quarters, Lennar beat earnings per share estimates 2 times.

This page is an AI-written research summary of Lennar Corporation (LEN). 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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