Lennar (LEN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Lennar

NYSE•Consumer Cyclical•Residential Construction

$86.09-4.93(-0.05%)After hours

Market Cap

$21.64B

P/E

16.5x

P/S

0.7x

P/B

1.0x

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title insurance, and closing services for home buyers and others, as well as originating and selling securitization commercial mortgage loans. In addition, the company is involved in fund investment activities. It primarily serves first-time, move-up, active adult, and luxury homebuyers. The company was founded in 1954 and is based in Miami, Florida.

How this company scores

WeakMetricSide Score: 37/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Growth (5/25).

Profitability8/25

Growth5/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality9/25

Strengths

Interest easily coveredNet cash positionNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.5x5y range 4.9x – 16.5x

Currently above its 20-quarter median.

P/S · 0.7x5y range 0.7x – 3.9x

Currently below its 19-quarter median.

P/B · 1.0x5y range 1.0x – 1.7x

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 45.9% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Revenue Decline

Red Flag

Revenue declined in 6 of the last 7 quarters — persistent contraction signals a fundamental problem.

Cash Burn

Watch

6 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $21.64B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $31.97B
Q. Revenue: $8.05B
TTM EBITDA: $1.79B
TTM Op. Income: $1.79B
Q. Op. Income: $387.08M
TTM Net Income: $1.31B
Q. Net Income: $283.88M
EPS: $1.19
Shares Out.: $237.76M

$31.97B in TTM revenue declined 8.0% YoY, reaching $8.05B last quarter. TTM EBITDA of $1.79B and TTM operating income of $1.79B show growth is flowing through to the bottom line. TTM net income of $1.31B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 6 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 4.8%
Op. Margin: 4.8%
Net Margin: 3.5%

Op. margin of 4.8% is down 4.2% YoY — costs are rising relative to revenue. Net margin at 3.5% Over the past year, operating margin is down 46% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 16.5x
P/S Ratio: 0.7x
P/B Ratio: 1.0x

At 16.5x P/E, the stock trades within typical market levels. P/S of 0.7x and P/B of 1.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 30% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: N/A
Cash: $1.50B
Long-Term Debt: N/A
Book Value: $21.56B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-104.30M
TTM Free Cash Flow: $811.27M
FCF Margin: 2.5%
FCF / Net Income: 0.6

TTM FCF of $811.27M on $-104.30M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.