Stocks Consumer discretionary LEN
NYSE · Consumer discretionaryLennar Corp (LEN)
Lennar Corp brought in $32B of revenue over the twelve months to August 31, 2026, down 8.0% from a year earlier. Net income was $1.3B, a net margin of 4.1%. Operating cash flow minus capital spending left $28.2M of free cash flow in fiscal 2025. At August 31, 2026 it held $1.5B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 2, 2026.
Key facts about Lennar Corp
- Net worth
- Lennar Corp has a market value (market cap) of $18B at the latest share price, and shareholders' equity of $21.6B on its balance sheet at August 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $34.2B (-3.5% year on year), with net income of $2.1B. Over the 12 months to August 31, 2026: revenue $32B, net income $1.3B.
- Cash flow
- In fiscal 2025 operations brought in $216.8M of cash; after $188.6M of capital spending, free cash flow was $28.2M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 2, 2026 and covers the period to August 31, 2026. Open on SEC EDGAR
- Next earnings report
- Lennar Corp's next report is expected around December 16, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Lennar Corp does
Lennar Corp is registered with the SEC under industry code SIC 1520 (General Bldg Contractors - Residential Bldgs). Its shares trade on NYSE under the ticker LEN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $34.2B | $2.1B | $7.98 | $28.2M |
| 2024 | $35.4B | $3.9B | $14.31 | $2.2B |
| 2023 | $34.2B | $3.9B | $13.73 | $5.1B |
| 2022 | $33.7B | $4.6B | $15.72 | $3.2B |
| 2021 | $27.1B | $4.4B | $14.27 | $2.5B |
| 2020 | $22.5B | $2.5B | $7.85 | $4.1B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where LEN ranks in Consumer discretionary
Dividends
It paid out $521M in cash dividends, 25% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $521M | 25% |
| 2024 | n/a | $548.8M | 14% |
| 2023 | n/a | $430.6M | 11% |
| 2022 | n/a | $438M | 9% |
| 2021 | n/a | $309.8M | 7% |
| 2020 | n/a | $195M | 8% |
Latest SEC filings
What Lennar Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 7, 2026Passive stake changed SCHEDULE 13G/A
- October 2, 2026Quarterly report10-Q · period to August 31, 2026Lennar reported lower third quarter 2026 net earnings and revenues as higher mortgage rates and land costs weighed on margins despite improved construction cycle times.Revenue fell 8.7% to $8B versus the same quarter last year; diluted EPS $1.19 versus $2.29.
- September 16, 2026Quarterly results8-KLennar reported third quarter 2026 net earnings of $284 million on total revenues of $8.0 billion, down from $591 million in the prior year period.
- August 28, 2026Form N-PX filing N-PX
- August 13, 2026Form 13F-HR filing 13F-HR
- June 29, 2026Quarterly report 10-Q · period to May 31, 2026Revenue fell 5.2% to $7.9B versus the same quarter last year; diluted EPS $1.24 versus $1.81.
- June 12, 2026
- June 11, 2026
- June 8, 2026
- May 15, 2026Passive stake (5% or more) SCHEDULE 13G
What is LEN worth? A DCF from its reported cash flow
Insider trades
What the people running Lennar Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $595.3M worth of shares on the open market in the last 90 days and sold none.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 7, 2026 | Banse AmyDirector | Received as pay | 15 | $1.1K |
| October 7, 2026 | McClure Teri PDirector | Received as pay | 15 | $1.1K |
| October 7, 2026 | Gilliam Theron IDirector | Received as pay | 15 | $1.1K |
| October 7, 2026 | Wolfe SerenaDirector | Received as pay | 15 | $1.1K |
| October 7, 2026 | Smith DaconaDirector | Received as pay | 15 | $1.1K |
| October 7, 2026 | Hudson Sherrill WDirector | Received as pay | 15 | $1.1K |
| October 7, 2026 | Sonnenfeld JeffreyDirector | Received as pay | 21 | $1.6K |
| October 7, 2026 | Olivera Armando JDirector | Received as pay | 24 | $1.8K |
Who owns LEN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Warren E. Buffett13G, passive with 11 related filers | 12.5% | October 7, 2026 |
| Vanguard Capital Management13G, passive | 6.94% | April 30, 2026 |
| Greenhaven Associates, Inc.13G, passive | 5.08% | May 4, 2026 |
| Eagle Capital Management, LLC13G, passive | 5.03% | May 15, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 960 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 18,674,128 | +91,177 |
| Vanguard Capital Management LLC | 14,030,837 | -1,077 |
| Berkshire Hathaway Inc | 13,409,858 | +3,072,513 |
| Greenhaven Associates Inc | 11,680,338 | +684,148 |
| Eagle Capital Management LLC | 10,686,983 | -193,472 |
| State Street Corp | 10,461,378 | +360,597 |
| Vanguard Portfolio Management LLC | 9,997,479 | +46,068 |
| Aristotle Capital Management, LLC | 7,886,442 | -511,995 |
| Manufacturers Life Insurance Company, The | 6,683,066 | +706,457 |
| Geode Capital Management, LLC | 5,948,345 | +71,394 |
| ACR Alpine Capital Research, LLC | 4,783,876 | +537,810 |
| Goldman Sachs Group Inc | 3,839,335 | +1,218,109 |
| Morgan Stanley | 3,730,132 | +372,771 |
| Principal Financial Group Inc | 3,538,393 | -72,322 |
| Invesco Ltd. | 3,529,060 | +748,398 |
| Capital World Investors | 3,324,930 | +33,687 |
| Aqr Capital Management LLC | 2,834,581 | +691,291 |
| Van Lanschot Kempen Investment Management N.V. | 2,692,266 | +30,119 |
| Bank of America Corp | 2,689,550 | -139,714 |
| Norges Bank | 2,689,069 | new |
Insiders
13 insiders reported holding 31,094,947 shares in total, about $2.32B at the last price.
| Holder | Shares |
|---|---|
| Berkshire Hathaway Inc10% owner | 29,006,07329,006,073 held indirectly |
| Miller Stuart AExec. Chairman, CEO, President, Director, 10% owner | 1,465,966 |
| Bessette Diane JVP & Chief Financial Officer | 329,308 |
| Lee Martin KatherineChief Legal Officer/Secretary | 55,611 |
| Collins David MVP & Controller | 49,619 |
| Hudson Sherrill WDirector | 38,308 |
| Gilliam Theron IDirector | 36,838 |
| McClure Teri PDirector | 32,013 |
| Sonnenfeld JeffreyDirector | 28,209 |
| Olivera Armando JDirector | 23,371 |
Questions about LEN
What does Lennar Corp do?
Lennar Corp is a company in the Consumer discretionary sector, listed on NYSE as LEN. Its shares trade on NYSE under the ticker LEN.
What is Lennar Corp's net worth?
Lennar Corp has a market value (market cap) of $18B at the latest share price, and shareholders' equity of $21.6B on its balance sheet at August 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Lennar Corp profitable?
Yes. Over the twelve months to August 31, 2026 it reported net income of $1.3B on revenue of $32B, a net margin of 4.1%.
How much revenue does Lennar Corp make?
Over the twelve months to August 31, 2026 Lennar Corp reported revenue of $32B. That is 8.0% less than a year earlier.
When did Lennar Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 2, 2026. It covers the period to August 31, 2026. Its newest filing of any kind is the insider trade from October 8, 2026.
When is Lennar Corp's next earnings report?
Lennar Corp's next report is expected around December 16, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Lennar Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.