Lennar Corp (LEN)
Consumer Discretionary · Homebuilding · US stock · S&P 500 component
$77.08
▼ -0.61 (0.79%)
Fair valueData under review
$370
$185fair band $259–$482$556
Day's range
$76.28 – $79.18
52-week range
$71.78 – $130.83
About Lennar Corp
Lennar builds and markets single-family homes, townhomes and condominiums, mainly for first-time, move-up and active adult households across many states. Its business also includes financial services, such as mortgage lending and title and closing services, and multifamily apartment development. It is organised into homebuilding regions, a financial services unit and a multifamily unit, and its customers are households looking for a new home.
Lennar earns revenue from home deliveries, plus mortgage and title fees. Revenue is $32.0 billion over the last twelve months, with growth of 0.5% a year across three years. The operating margin is 5.6%, and the business earns a profit of 7% on the capital invested in it. The dividend yield is 2.6%. The data sheet carries no net debt figure for the company. On the site's X-Ray Score it receives 37 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $71.78 – $130.83Volume 4,433,600Daily, split-adjusted
Vitals
Market cap$18.3B
52-week range$71.78 – $130.83
Volume (last day)4,433,600
P/E (TTM)14.4
EBIT / EV yield10.4%
Free-cash-flow yield4.4%
Dividend yield2.6%
Revenue (TTM)$32.0B
Net income (TTM)$1.3B
Operating margin5.6%
Return on capital6.5%
Debt incl. leasesData missing
Cash & securities$1.5B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$370model spread $356 – $387
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (2.69x of the last twelve months)
Price $77
Undervalued < $259Fair $259 – $482Overvalued > $482
10-year DCF (market-scaled)
$375
Peer multiples
$299
Earnings power floor (not blended)
$178
Fundamentals-adjusted multiple
$437
Growth the price implies
-12.8%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Valuation
Strong
81/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield10.4%
Free-cash-flow yield4.4%
Fair value vs price4.8×
Growth
Weak
7/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)0.5%
EPS growth (3y)-20.2%
Growth consistency30%
Profitability
Weak
19/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.5%
Operating margin5.6%
Financial health
Weak
36/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score4 / 9
Interest coverNo interest cost
Dividends
Weak
34/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.6%
Dividends vs free cash flow59%
Dividend growth5.9%
Quarterly results: last 6 quarters
-4.4%
May '25
-6.4%
Aug '25
-5.8%
Nov '25
-13.3%
Feb '26
-5.2%
May '26
-8.7%
Aug '26
Revenue against the same quarter a year earlier. Latest quarter revenue $8.0B, diluted EPS $1.19.
Compare with peers
DHI Horton D R Inc49 PHM Pultegroup Inc31 NVR Nvr Inc26Other Homebuilding companies by X-Ray Score.
Fundamentals checklist
● 3 Good · ● 1 Average · ● 7 BadCash quality
Free-cash-flow yieldAverage
Risk models
Piotroski F-ScoreBad
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalBad
Operating marginBad
Each check is graded against the company's sector, not a fixed number. Checklist score 42/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $27.1B | $33.7B | $34.2B | $35.4B | $34.2B |
| Operating income | $5.8B | $6.0B | $5.2B | $5.2B | $2.8B |
| Net income | $4.4B | $4.6B | $3.9B | $3.9B | $2.1B |
| Operating cash flow | $2.5B | $3.3B | $5.2B | $2.4B | $217M |
| Operating margin | 21.4% | 17.9% | 15.2% | 14.6% | 8.2% |
| Free cash flow | $2.5B | $3.2B | $5.1B | $2.2B | $28M |
| Diluted EPS | $14.27 | $15.72 | $13.73 | $14.31 | $7.98 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bearish
2 bullish · 4 neutral · 10 bearish
Weekly
Strongly bearish
0 bullish · 1 neutral · 11 bearish
Monthly
Strongly bearish
0 bullish · 1 neutral · 7 bearish
Moving averages (daily)
| SMA 10 | 75.92 | Bullish |
| EMA 10 | 76.68 | Bullish |
| SMA 20 | 78.44 | Bearish |
| EMA 20 | 77.83 | Bearish |
| SMA 50 | 81.41 | Bearish |
| EMA 50 | 80.44 | Bearish |
| SMA 100 | 84.06 | Bearish |
| EMA 100 | 83.94 | Bearish |
| SMA 200 | 91.47 | Bearish |
| EMA 200 | 91.01 | Bearish |
Oscillators (daily)
| RSI (14) | 46.62 | Neutral |
| MACD (12, 26) | -1.54 | Bearish |
| Momentum (12) | -4.91 | Bearish |
| Stochastic %K (14) | 44.44 | Neutral |
| Williams %R (14) | -55.56 | Neutral |
| CCI (20) | -22.32 | Neutral |
Pivot points (classic, last session)
S3 72.95 | S2 74.61 | S1 75.85 | Pivot 77.51 | R1 78.75 | R2 80.41 | R3 81.65 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.00 USD
Yield on today's price
2.59%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 7 Oct 2026 | 0.5000 |
| 10 Jul 2026 | 0.5000 |
| 22 Apr 2026 | 0.5000 |
| 4 Feb 2026 | 0.5000 |
| 10 Oct 2025 | 0.5000 |
| 3 Jul 2025 | 0.5000 |
| 23 Apr 2025 | 0.5000 |
| 29 Jan 2025 | 0.5000 |
| 9 Oct 2024 | 0.5000 |
| 5 Jul 2024 | 0.5000 |
| 23 Apr 2024 | 0.5000 |
| 23 Jan 2024 | 0.5000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
LEN SEC filings
15 Oct 2026
8-KSEC EDGAR
Other events
15 Oct 2026
424B5SEC EDGAR
424B5
2 Oct 2026
10-QSEC EDGAR
Quarterly report
16 Sep 2026
8-KSEC EDGAR
Results of operations
29 Jun 2026
10-QSEC EDGAR
Quarterly report
12 Jun 2026
8-KSEC EDGAR
Regulation FD disclosure
11 Jun 2026
8-KSEC EDGAR
Results of operations
8 Jun 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.