Lennar Corporation (LEN-B) Key Metrics

NYSE: LEN-BValuation, returns, debt and efficiency ratios over 10 years.

LEN-B valuation today

Trailing 12 months · as of October 18, 2026
Market cap
$18.25B
Enterprise value
$22.74B
P/E (TTM)
14.5
Forward P/E
15.4
PEG ratio
11.11
Price / sales
0.6
Price / book
0.9
EV / EBITDA
12.6
Dividend yield
0.33%
$2.00 a year
Beta
1.38

LEN-B key metrics, FY2016–FY2025

Fiscal year ended November 30, 2025 · U.S. dollars

LEN-B returns How much profit the business earns on the capital it uses.

Return on equity−6.1 pts
8.3%
FY2025 · hover or tap a bar for each year
FY2016: 14.4% (+0.2 pts)FY2017: 10.9% (−3.5 pts)FY2018: 15.1% (+4.2 pts)FY2019: 12.1% (−3.0 pts)FY2020: 14.5% (+2.4 pts)FY2021: 22.8% (+8.3 pts)FY2022: 20.5% (−2.3 pts)FY2023: 15.5% (−5.0 pts)FY2024: 14.4% (−1.1 pts)FY2025: 8.3% (−6.1 pts)
FY2016FY2025
Return on invested capital−6.2 pts
8.0%
FY2025 · hover or tap a bar for each year
FY2016: 7.5% (+0.9 pts)FY2017: 7.6% (+0.1 pts)FY2018: 8.3% (+0.7 pts)FY2019: 8.0% (−0.4 pts)FY2020: 10.6% (+2.7 pts)FY2021: 16.7% (+6.1 pts)FY2022: 20.9% (+4.2 pts)FY2023: 16.6% (−4.4 pts)FY2024: 14.1% (−2.4 pts)FY2025: 8.0% (−6.2 pts)
FY2016FY2025
Return on assets−4.3 pts
5.5%
FY2025 · hover or tap a bar for each year
FY2016: 6.1% (+0.6 pts)FY2017: 4.8% (−1.4 pts)FY2018: 7.2% (+2.4 pts)FY2019: 6.4% (−0.8 pts)FY2020: 8.3% (+1.9 pts)FY2021: 14.0% (+5.7 pts)FY2022: 13.0% (−1.1 pts)FY2023: 10.2% (−2.8 pts)FY2024: 9.8% (−0.4 pts)FY2025: 5.5% (−4.3 pts)
FY2016FY2025
Free cash flow margin−6.2 pts
0.1%
FY2025 · hover or tap a bar for each year
FY2016: 3.9% (+9.3 pts)FY2017: 7.0% (+3.1 pts)FY2018: 7.7% (+0.7 pts)FY2019: 6.3% (−1.4 pts)FY2020: 18.3% (+12.0 pts)FY2021: 9.1% (−9.2 pts)FY2022: 9.5% (+0.4 pts)FY2023: 14.8% (+5.3 pts)FY2024: 6.3% (−8.5 pts)FY2025: 0.1% (−6.2 pts)
FY2016FY2025
Cash conversion (OCF / net income)−82.9%
0.10
FY2025 · hover or tap a bar for each year
FY2016: 0.56FY2017: 1.23 (+120.9%)FY2018: 1.01 (−17.9%)FY2019: 0.80 (−20.6%)FY2020: 1.70 (+112.1%)FY2021: 0.57 (−66.4%)FY2022: 0.71 (+23.8%)FY2023: 1.32 (+85.8%)FY2024: 0.61 (−53.5%)FY2025: 0.10 (−82.9%)
FY2016FY2025
Asset turnover+2.6%
0.90
FY2025 · hover or tap a bar for each year
FY2016: 0.74 (+11.9%)FY2017: 0.74 (+0.8%)FY2018: 0.87 (+17.3%)FY2019: 0.77 (−11.6%)FY2020: 0.76 (−1.3%)FY2021: 0.86 (+13.3%)FY2022: 0.95 (+10.1%)FY2023: 0.89 (−6.3%)FY2024: 0.88 (−0.7%)FY2025: 0.90 (+2.6%)
FY2016FY2025

LEN-B returns on capital

ROEROICROA

Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.

LEN-B debt vs cash

Total debtCash & short-term investments

Debt includes short- and long-term borrowings and, where reported, lease liabilities.

LEN-B cash returned to shareholders

DividendsBuybacksFree cash flow

LEN-B key metrics

FY2016–FY2025
FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Valuation
Share price at fiscal year-end$123.59$156.66$109.05$69.01$81.53$57.69$44.83$32.85$48.78$31.58
Returns & profitability
Return on equity (ROE)8.3%14.4%15.5%20.5%22.8%14.5%12.1%15.1%10.9%14.4%
Return on invested capital (ROIC)8.0%14.1%16.6%20.9%16.7%10.6%8.0%8.3%7.6%7.5%
Return on assets (ROA)5.5%9.8%10.2%13.0%14.0%8.3%6.4%7.2%4.8%6.1%
Return on tangible assets6.7%10.4%11.1%13.4%15.0%9.4%7.2%6.8%4.4%6.0%
Free cash flow margin0.1%6.3%14.8%9.5%9.1%18.3%6.3%7.7%7.0%3.9%
Income quality (OCF / net income)0.100.611.320.710.571.700.801.011.230.56
Financial health
Total debt$6.32B$4.45B$5.14B$6.36B$6.54B$7.54B$9.57B$10.12B$7.97B$6.28B
Cash & short-term investments$3.80B$4.98B$6.56B$4.79B$2.93B$2.92B$1.46B$1.57B$2.66B$1.35B
Net debt$2.51B−$527.1M−$1.42B$1.57B$3.61B$4.63B$8.12B$8.54B$5.31B$4.93B
Debt / equity0.290.160.190.260.310.420.600.691.010.89
Debt / assets0.180.110.130.170.200.250.330.350.430.41
Net debt / EBITDA0.85−0.10−0.260.260.611.433.154.103.443.76
Current ratio3.123.444.044.835.066.496.164.915.464.56
Quick ratio0.960.851.231.100.921.190.710.651.230.85
Interest coverage198.2258.421.4354.9255.1140.2140.8176.8206.0272.9
Working capital$11.65B$19.12B$20.44B$22.43B$18.79B$17.80B$17.14B$15.91B$11.67B$8.95B
Invested capital$24.47B$27.34B$25.16B$25.67B$24.42B$22.62B$24.07B$23.12B$13.18B$11.96B
Tangible asset value$18.51B$24.39B$23.07B$20.61B$17.36B$14.47B$12.38B$11.00B$7.79B$7.17B
Net current asset value$4.85B$13.66B$14.63B$14.55B$11.21B$9.21B$7.14B$6.10B$3.53B$3.31B
Capital allocation
Dividends paid$521.0M$548.8M$430.6M$438.0M$309.8M$195.0M$51.5M$49.2M$37.6M$35.3M
Share buybacks (net)$1.81B$2.26B$1.18B$1.04B$1.43B$321.5M$523.1M$299.8M$27.1M$19.9M
Dividend payout ratio25.1%14.0%10.9%9.5%7.0%7.9%2.8%2.9%4.6%3.9%
Dividends + buybacks / free cash flow—125.7%31.8%46.0%70.5%12.5%41.2%22.1%7.3%12.8%
Capex / revenue0.6%0.5%0.3%0.2%0.2%0.3%0.4%0.6%0.9%0.7%
Capex / operating cash flow87.0%7.1%1.9%1.8%2.6%1.7%5.8%7.6%11.2%15.1%
Capex / depreciation1.401.480.910.660.760.770.941.431.691.52
Stock-based compensation / revenue0.5%0.5%0.5%0.5%0.5%0.5%0.4%0.4%0.5%0.5%
SG&A / revenue1.9%1.8%1.5%1.2%1.5%1.5%1.4%1.7%2.3%2.1%
Efficiency
Days sales outstanding16.717.217.615.815.015.016.013.918.820.9
Days of inventory on hand190.5239.029,871.7282.9307.2338.5332.4284.4337.6350.9
Days payables outstanding21.621.22,380.020.319.920.220.919.122.421.9
Cash conversion cycle (days)185.6235.127,509.4278.4302.3333.2327.5279.1334.0349.9
Receivables turnover21.8921.1720.6823.1324.2824.3822.8526.3319.4517.49
Payables turnover16.8717.250.1518.0218.3118.0517.5019.1016.3116.66
Inventory turnover1.921.530.011.291.191.081.101.281.081.04
Asset turnover0.900.880.890.950.860.760.770.870.740.74
Average receivables$1.56B$1.67B$1.66B$1.46B$1.12B$922.5M$974.4M$781.2M$650.3M$626.1M
Average payables$1.83B$1.74B$1.62B$1.47B$1.18B$1.05B$1.11B$954.7M$675.6M$567.7M
Average inventory$16.08B$19.61B$20.38B$20.52B$18.17B$17.63B$17.72B$14.21B$10.19B$9.09B
Intangibles / total assets10.5%8.8%9.3%9.6%10.9%12.1%12.5%12.9%1.0%0.3%

Computed from LEN-B's annual financial statements (latest annual report filed January 28, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.

LEN-B valuation and financial ratios

Based on the latest twelve months, the trailing P/E is 14.5 and the forward P/E is 15.4. Lennar earned a return on equity of 8.3% and a return on invested capital of 8.0% in fiscal 2025. It ended the year with $6.3 billion of debt and $3.8 billion in cash and short-term investments, net debt of $2.5 billion. It returned $2.3 billion to shareholders: $521.0 million in dividends and $1.8 billion in share buybacks.

See the LEN-B income statement, the LEN-B chart for price history, or the LEN-B stock overview for the latest quote and news.

LEN-B key metrics FAQ

What is Lennar's P/E ratio?

Lennar's trailing P/E ratio is 14.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 15.4. At the end of fiscal 2025 it was —.

What is Lennar's return on equity?

Lennar's return on equity (ROE) was 8.3% in fiscal 2025: net income of $2.1 billion on average shareholders' equity of $24.9 billion.

What is Lennar's ROIC?

Lennar's return on invested capital was 8.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.

How much debt does Lennar have?

Lennar had total debt of $6.3 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.29 and $2.5 billion of net debt (0.85 times EBITDA).

Does Lennar buy back its shares?

Yes. Lennar spent $1.8 billion on net share repurchases in fiscal 2025.

What is Lennar's current ratio?

Lennar's current ratio was 3.12 at the end of fiscal 2025: current assets were 3.12 times current liabilities.

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