Lennar Corp. (LEN): price, analyst ratings, earnings and fundamentals
Updated 16 October 2026, 06:50 ET
Lennar Corp. (LEN) closed at $77.69 on 15 October 2026, up 5.7%. The stock is down 0.9% over one month and down 36.4% over one year. It trades 41.9% below its 52-week high of $133.76. Analysts recorded 14 actions in the last 90 days; the median price target of $75 is 3.5% below the last close. The company last reported on 16 September 2026 for Q3 2026: EPS of $1.23 against an estimate of $1.29, a miss of 4.7%, on revenue of $8.0 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open LEN in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 14 analyst actions on LEN from 12 firms: 11 maintained or reiterated a view and 3 initiations. Price targets were 10 lowered. The most recent targets from 12 firms range from $65 to $94, with a median of $75, 3.5% below the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 7 Oct 2026 | Wells Fargo | Maintains Equal-Weight | $80.00 to $75.00 |
| 6 Oct 2026 | Melius Research | Initiates Coverage On Sell | $72.00 |
| 1 Oct 2026 | Morgan Stanley | Initiates Coverage On Underweight | $65.00 |
| 22 Sep 2026 | Keefe, Bruyette & Woods | Maintains Underperform | $85.00 to $75.00 |
| 21 Sep 2026 | Citigroup | Maintains Neutral | $88.00 to $85.00 |
| 18 Sep 2026 | RBC Capital | Maintains Underperform | $85.00 to $69.00 |
| 18 Sep 2026 | Barclays | Maintains Underweight | $79.00 to $70.00 |
| 18 Sep 2026 | Evercore ISI Group | Maintains Underperform | $87.00 to $78.00 |
| 17 Sep 2026 | Citizens | Reiterates Market Perform | |
| 16 Sep 2026 | Truist Securities | Maintains Hold | $80.00 to $75.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 15 December 2026 after the close for Q4 2026, with EPS expected at $1.44 on revenue of $8.8 billion. Lennar Corp. beat the EPS estimate in 2 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q3 2026 | 16 Sep 2026 | $1.29 | $1.23 | -4.65% | $8.0B |
| Q2 2026 | 11 Jun 2026 | $1.24 | $1.31 | +5.65% | $7.9B |
| Q1 2026 | 12 Mar 2026 | $0.95 | $0.88 | -7.37% | $6.6B |
| Q4 2025 | 16 Dec 2025 | $2.20 | $2.03 | -7.73% | $9.4B |
| Q3 2025 | 18 Sep 2025 | $2.10 | $2.00 | -4.76% | $8.8B |
| Q2 2025 | 16 Jun 2025 | $1.94 | $1.90 | -2.06% | $8.4B |
| Q1 2025 | 20 Mar 2025 | $1.71 | $2.14 | +25.15% | $7.6B |
| Q4 2024 | 18 Dec 2024 | $4.12 | $4.03 | -2.18% | $9.9B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 31 August 2026, Lennar Corp. reported revenue of $8.0 billion and net income of $283.9 million. On a trailing twelve month basis the company shows revenue growth of -8.03%, a gross margin of 14.34%, an operating margin of N.A. and a return on equity of 5.93%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $8,046,119,000 |
| Selling, General & Administrative Expenses | $714,040,000 |
| Depreciation & Amortization | $35,902,000 |
| Pre-tax Income | $387,079,000 |
| Income Tax Expense | $101,592,000 |
| Net Income | $283,876,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | -$104,299,000 |
| Stock-based Compensation | $29,259,000 |
| Cash from Investing Activities | $36,951,000 |
| Capital Expenditures | -$8,019,000 |
| Cash from Financing Activities | -$607,540,000 |
| Dividends Paid | $119,401,000 |
| Share Repurchases | $255,904,000 |
| Free Cash Flow | -$96,280,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $1,498,890,000 |
| Restricted Cash | $74,429,000 |
| Plant, Property & Equipment, Net | $642,838,000 |
| Operating Lease Right-of-Use Assets | $237,998,000 |
| Goodwill Intangible Assets, Net | $3,632,058,000 |
| Deferred Tax Asset | $583,594,000 |
| Total Assets | $33,701,455,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Long-term Debt | $5,874,995,000 |
| Operating Lease Liabilities, Long-term | $236,991,000 |
| Minority Interest | $137,461,000 |
| Total Liabilities | $11,935,729,000 |
| Additional Paid In Capital | $6,049,974,000 |
| Retained Earnings | $22,923,564,000 |
| Treasury Stock | -$7,450,306,000 |
| Other Accumulated Comprehensive Income | $5,755,000 |
| Total Stockholders Equity | $21,558,959,000 |
| Total Liability & Stockholders Equity | $33,701,455,000 |
Figures as filed with the SEC for the period ended 31 August 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.17 | 64th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 0.27 | 53rd | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Long Term Debt/Long Term Capital | 0.21 | 31st | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Free Cashflow Margin Pct | 2.5% | 47th | Calculated as the ratio of Free Cashflow from Operating Activities / Net Sales. It measures how much per dollar of revenue the company is able to convert into free cash flow. |
| Gross Margin Pct | 14.3% | 16th | Calculated as the ratio of Revenue - Cost of Goods Sold (COGS) / Revenue. The gross margin represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services sold by a company. |
| PreTax Margin Pct | 5.5% | 54th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Equity Pct | 5.9% | 56th | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| FCF Pct Growth 3 year CAGR | -84.5% | 5th | The Free Cash Flow compound annual growth rate (CAGR) over the past 3 years |
| FCF Pct Growth 5 year CAGR | -68.0% | 10th | The Free Cash Flow compound annual growth rate (CAGR) over the past 5 years |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | -43.9% | 9th | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | -18.5% | 17th | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | -51.3% | 16th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | -30.5% | 19th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | -20.5% | 20th | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | -8.0% | 20th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | -1.5% | 30th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 4.6% | 39th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 25.8% | 84th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open LEN in FundSpec.
Insider activity
In the last 90 days insiders filed 55 transactions: 10 acquisitions covering 1,011 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 1,218,429 shares by Hathaway Inc Berkshire, 10% Owner on 18 September 2026, worth about $93.1 million at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 7 Oct 2026 | Armando J Olivera | Director | Acquisition | 24 | $76.13 | $2K |
| 7 Oct 2026 | Jeffrey Sonnenfeld | Director | Acquisition | 21 | $76.13 | $2K |
| 7 Oct 2026 | Sherrill W Hudson | Director | Acquisition | 15 | $76.13 | $1K |
| 7 Oct 2026 | Dacona Smith | Director | Acquisition | 15 | $76.13 | $1K |
| 7 Oct 2026 | Serena Wolfe | Director | Acquisition | 15 | $76.13 | $1K |
| 7 Oct 2026 | Theron I Gilliam | Director | Acquisition | 15 | $76.13 | $1K |
| 7 Oct 2026 | Teri P Mcclure | Director | Acquisition | 15 | $76.13 | $1K |
| 7 Oct 2026 | Amy Banse | Director | Acquisition | 15 | $76.13 | $1K |
| 2 Oct 2026 | Hathaway Inc Berkshire | 10% Owner | P | 842,753 | $80.04 | $67.5M |
| 2 Oct 2026 | Hathaway Inc Berkshire | 10% Owner | P | 448,113 | $78.37 | $35.1M |
| 2 Oct 2026 | Hathaway Inc Berkshire | 10% Owner | P | 342,553 | $79.03 | $27.1M |
| 2 Oct 2026 | Hathaway Inc Berkshire | 10% Owner | P | 44,300 | $81.14 | $3.6M |
| 2 Oct 2026 | Hathaway Inc Berkshire | 10% Owner | P | 20,200 | $81.90 | $1.7M |
| 2 Oct 2026 | Hathaway Inc Berkshire | 10% Owner | P | 5,135 | $78.77 | $404K |
| 2 Oct 2026 | Hathaway Inc Berkshire | 10% Owner | P | 2,452 | $77.93 | $191K |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 2 October 2026.
| Filed | Form | Document |
|---|---|---|
| 2 Oct 2026 | 10-Q | View on sec.gov |
| 29 Jun 2026 | 10-Q | View on sec.gov |
| 9 Apr 2026 | 10-Q | View on sec.gov |
| 28 Jan 2026 | 10-K | View on sec.gov |
| 3 Oct 2025 | 10-Q | View on sec.gov |
| 1 Jul 2025 | 10-Q | View on sec.gov |
| 4 Apr 2025 | 10-Q | View on sec.gov |
| 23 Jan 2025 | 10-K | View on sec.gov |
| 2 Oct 2024 | 10-Q | View on sec.gov |
| 28 Jun 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- General Building Contractors
- Industry
- Construction
- Headquarters
- MIAMI, Florida
- Chief executive
- Richard Beckwitt
- Employees
- 12,000
- Website
- lennar.com
- SEC CIK
- 0000920760
Lennar Corporation operates as a homebuilder primarily under the Lennar brand in the United States. The company's homebuilding operations include the construction and sale of single-family attached and detached homes. It also offers residential mortgage financing, title insurance, and closing services. Lennar was founded in 1954 and is based in Miami, Florida.
Sector and peers
Lennar Corp. is part of the General Building Contractors sector, which FundSpec tracks across 18 companies.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for LEN are available to subscribers, with the same screen in the iOS and Android apps.
Open LEN in FundSpec