Lennar Corporation (LEN) Stock: Price, Forecast & Analyst Target
Lennar Corporation (LEN) — MoonshotScore 60/100 (Fair band), calculated Oct 4, 2026. Price $79.81 (-2.80%), as of the Oct 2, 2026 trading session; market cap $19.8B. Expected results Dec 15, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 17.22× (market value Oct 2, 2026; cash Aug 31, 2026) · expected results Dec 15, 2026
Lennar Corporation · LEN · NYSE · Consumer Cyclical · Residential Construction
Research dated 2026-09-12: Lennar turns residential land into attached and detached homes for a broad range of buyers, then extends the transaction through mortgage, title and closing services. The case depends on whether homebuilding revenue can again produce durable margins and cash generation after profitability and liquidity weakened.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Lennar (LEN)
FairWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
A fortress balance sheet, at a cheap price, but weak growth. Business Quality: Average; Financial Safety: Fortress; Valuation: Fair; Growth Durability: Fading; Momentum: Quiet.
- quarterly revenue $7.94B (Q2 FY2026, quarter ended May 2026)
- EPS beat 1 of 8
- Altman Z 3.60 · Piotroski F 7
Holding back: soft growth
Helping: balance-sheet strength, an attractive price
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 63 | Fair | |
| 63 | Fair | |
| 63 | Fair | |
| 63 | Fair | |
| 64 | Fair | |
| 64 | Fair |
The score was 60 in the stored Oct 3, 2026 snapshot and remains 60 in the current publication computed Oct 4, 2026 (0).
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $79.81 | |
| Change on the day | -2.80% | |
| 52-week range | $75.70–$133.76 | |
| Market capitalisation | $19.8B | |
| Price / earnings (trailing) | 15.09 | |
| Shares traded on the day | 9.01M | |
| Beta (volatility vs the S&P 500) | 1.4 | |
| Dividends per share (last 12 months) | $2.00 | |
| Dividend yield (last 12 months) | 2.51% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · below the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings results · in line with the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings call · management outlook
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
As we look ahead to the fourth quarter, we expect to generate new orders of approximately 19,500 to 20,500 and to deliver 22,000 to 23,000 homes with a gross margin between 15.5% and 16%.
Stuart Miller · Statement from
We anticipate our Q4 deliveries to be in the range of 22,000 to 23,000 as we maintain even flow production and turn inventory into cash.
Diane Bessette · Statement from
Chronological order, not a duration scale. Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsOther perspectives
Council score for Lennar (LEN): perspectives
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
3 lenses, 0 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Sep 30, 2026 · older than the 27 hours refresh window; not a current reading
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 11, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 11, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the LEN film — every key number, told as a short cinematic story
~2 min · open the film
What is Lennar (LEN), and what does it report?
Short answer · as of
Lennar is principally a homebuilder, not a broadly diversified property company. It acquires and develops residential land, constructs homes across regional operations and sells them to entry-level, move-up, active-adult and luxury buyers; Financial Services supports home purchases, while Multifamily develops, constructs and manages rental properties.
Research dated 2026-09-12.
Lennar is principally a homebuilder, not a broadly diversified property company. It acquires and develops residential land, constructs homes across regional operations and sells them to entry-level, move-up, active-adult and luxury buyers; Financial Services supports home purchases, while Multifamily develops, constructs and manages rental properties.
Reported revenue is overwhelmingly tied to homebuilding. Financial Services and Multifamily add distinct economics, but their contribution remains small beside the sale of homes, making housing demand and homebuilding profitability the dominant measures of the business.
What do the latest results show for Lennar (LEN)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $7.94B.
Research dated 2026-09-12.
The latest period brought a sequential rebound in revenue, gross profit, operating profit and net income from the preceding trough. Against the comparable prior period, however, revenue was lower and every profit measure deteriorated more sharply, showing that each sales dollar is producing less gross and operating income.
The annual pattern tells the same story: revenue declined modestly while net income fell far more severely. Recent releases have also produced an uneven record against expectations, with revenue falling short in the latest releases and earnings moving from misses to a match.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $8.05B Aug 31, 2026
- Latest quarter · SG&A
- $851.92M Aug 31, 2026
- Latest quarter · FMP standardized operating result
- $459.81M Aug 31, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Aug 31, 2026 | $8.05B | Not available | $851.92M | $459.81M |
| May 31, 2026 | $7.94B | Not available | $136.15M | $348.43M |
| Feb 28, 2026 | $6.62B | Not available | $157.64M | $233.06M |
| Nov 30, 2025 | $9.37B | Not available | $162.09M | $666.96M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $8.00B Sep 16, 2026
- Latest report · revenue estimate
- $8.32B Sep 16, 2026
- Latest report · revenue vs estimate
- Below estimate Sep 16, 2026
- Latest report · EPS vs estimate
- Below estimate Sep 16, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Sep 16, 2026 | $8.00B | $8.32B | $1.2300 | $1.2800 |
| Jun 11, 2026 | $7.94B | $8.08B | $1.2400 | $1.2400 |
| Mar 12, 2026 | $6.62B | $6.84B | $0.9300 | $0.9530 |
| Dec 16, 2025 | $9.37B | $9.00B | $1.9300 | $2.2100 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $7.94B | $308M | $1.23 (diluted) |
| Q1 FY2026 | $6.62B | $229M | $0.94 (diluted) |
| Q4 FY2025 | $9.37B | $490M | $1.93 (diluted) |
| Aug 2025 | $8.81B | $591M | $2.29 (diluted) |
What are the financial strengths and risks for Lennar (LEN)?
Short answer
Cash and short-term investments were $1.15B at the Aug 31, 2026 balance-sheet date. Operating cash flow was −$209.30M for the quarter ended Aug 31, 2026, meaning operations used cash. These figures do not establish a cash runway.
Research dated 2026-09-12.
Lennar retains substantial cash and investments, its short-term liquidity ratios are comfortably above parity, leverage relative to equity is moderate and the distress screen remains favorable. Debt nevertheless exceeds combined cash and investments, so the balance sheet is not a net-cash cushion.
Cash conversion is the pressure point. Operating cash flow has been negative in the latest consecutive periods, positive bursts have clustered around fiscal year-end, and cash and short-term investments have fallen materially across the reported window. Continued margin compression paired with persistent cash outflow would reduce the flexibility available for land, construction and shareholder distributions.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- −$209.30M Aug 31, 2026
- Previous quarter · operating cash flow
- −$284.38M May 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Aug 31, 2026 | −$209.30M | $8.02M |
| May 31, 2026 | −$284.38M | −$18.86M |
| Feb 28, 2026 | −$328.50M | −$29.99M |
| Nov 30, 2025 | $1.76B | −$85.20M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Lennar (LEN)?
Short answer · as of
The next earnings report is expected on Dec 15, 2026.
Research dated 2026-09-12.
At the scheduled earnings release, watch whether revenue clears expectations after recent shortfalls and whether gross and operating profit keep pace with any sales recovery. Consensus anticipates an earnings decline before improvement, so stabilization in margins would matter more than revenue growth without matching profit.
The cash-flow statement should then show whether operating cash flow turns positive outside the fiscal year-end concentration and whether cash stops declining. Segment results should also reveal whether Financial Services or Multifamily meaningfully offsets homebuilding pressure, though the existing mix leaves limited room for those smaller operations to change the consolidated result.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
As we look ahead to the fourth quarter, we expect to generate new orders of approximately 19,500 to 20,500 and to deliver 22,000 to 23,000 homes with a gross margin between 15.5% and 16%.
Stuart Miller ·
We anticipate our Q4 deliveries to be in the range of 22,000 to 23,000 as we maintain even flow production and turn inventory into cash.
Diane Bessette ·
We think that as we go -- as we move ahead into next year and beyond, we're going to be able to generate more cash.
Stuart Miller ·
How does Lennar compare with its peers?
Short answer
Lennar's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-12.
Compared with a homebuilding-only model, Lennar participates in more of the housing transaction through mortgage financing, title protection and closing services, while also maintaining Multifamily and investment activities. That breadth can capture economics adjacent to a home sale, but it does not make Lennar evenly diversified: regional homebuilding still supplies the overwhelming majority of revenue.
| Company | Price | Market value | Score |
|---|---|---|---|
| $5993.85 Oct 2, 2026 | $16.2B | 87 5-pillar Oct 4, 2026 | |
| $88.10 Oct 2, 2026 | $4.84B | 87 5-pillar Oct 4, 2026 | |
| $585.13 Oct 2, 2026 | $4.51B | 84 5-pillar Oct 4, 2026 | |
| $115.73 Oct 2, 2026 | $22.3B | 80 5-pillar Oct 4, 2026 | |
| $135.00 Oct 2, 2026 | $37.8B | 78 5-pillar Oct 4, 2026 | |
| $134.76 Oct 2, 2026 | $3.41B | 78 5-pillar Oct 4, 2026 | |
| $30.16 Oct 2, 2026 | $14.5B | 76 5-pillar Oct 4, 2026 | |
| $136.61 Oct 2, 2026 | $12.8B | 75 5-pillar Oct 4, 2026 | |
| $63.85 Oct 2, 2026 | $4.26B | 71 5-pillar Oct 4, 2026 | |
| $66.66 Oct 2, 2026 | $2.87B | 64 5-pillar Oct 4, 2026 | |
| $45.75 Oct 2, 2026 | $2.80B | 62 5-pillar Oct 4, 2026 | |
| $25.76 Oct 2, 2026 | $35.3B | 61 5-pillar Oct 4, 2026 | |
| Lennar (LEN) — this page | $79.81 | $19.8B | 60 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $63.00 – $108.00
- Consensus target
- $78.00
- Median target
- $72.50
Consensus record · Captured .
Measured against a quoted price of $79.81 (as of Oct 2, 2026).
Insider activity
Form 4 records via FMP · Of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026
- Transactions
- 54
- Identified insiders
- 10
- Purchases
- 30
- Sales
- 0
- Other transactions
- 24
Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 88.5% Period end Jun 30, 2026
- Previous quarter · ownership
- 83.7% Prior to period end Jun 30, 2026
- Reporting holders
- 992 Period end Jun 30, 2026
- Previous quarter · holders
- 981 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Blackrock, INC. | 18,345,964 |
| Berkshire Hathaway INC | 13,111,741 |
| Vanguard Capital Management LLC | 13,021,553 |
| Greenhaven Associates INC | 11,316,279 |
| Eagle Capital Management LLC | 10,686,983 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Lennar (LEN)?
- Warren Buffett Adds to Lennar Corp (LEN) as Shares Trade 37% Below GF Value
- Lennar Stock Falls Following Hunterbrook Short Report On Millrose Transactions
- Watching Lennar; Hunterbrook Media Issues Report Titled, “Lennar’s Big New Customer Is Its Own Spinoff, Millrose”; States Hunterbrook Capital Is Short $LEN; Short $MRP
What Investors Ask About Lennar (LEN) — Consumer Cyclical
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 3 questions are answered from this page's own dated data, not from the research.
What does Lennar sell alongside newly built homes?
Lennar provides residential mortgage financing, title protection and closing services, and it also develops and manages multifamily rental properties. Those activities broaden the transaction, but homebuilding remains dominant.
Why are Lennar profits weakening faster than revenue?
Gross and operating profit have contracted much more sharply than sales, so the deterioration is concentrated in the economics retained from each revenue dollar. The latest rebound from the preceding trough has not restored prior-period profitability.
How much does Financial Services change Lennar's business mix?
Financial Services adds mortgage, title and closing revenue, yet its segment contribution remains small beside regional homebuilding. Lennar therefore remains economically driven by home sales rather than financial services.
Is Berkshire Hathaway a major Lennar shareholder?
Berkshire Hathaway appears among Lennar's largest reported institutional holders. Institutional ownership also increased in the latest reported comparison.
What is the LEN stock price today?
The last price recorded on this page for Lennar Corporation (LEN) is $79.81, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the LEN price target?
The analyst consensus price target for Lennar Corporation (LEN) is $78.00 (range $63.00 to $108.00, median $72.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Does LEN pay a dividend?
Yes. Lennar Corporation (LEN) shows a trailing 12-month dividend yield of 2.51%, as of Oct 2, 2026, in the data on this page. Payout ratio and cash-flow coverage decide whether it can last, and past dividends do not guarantee future payments.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (80 figures)
The 80 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 1 fact from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Stuart Miller (Sep 17, 2026): As we look ahead to the fourth quarter, we expect to generate new orders of approximately 19,500 to 20,500 and to deliver 22,000 to 23,000 homes with a gross margin between 15.5% and 16%. Diane Bessette (Sep 17, 2026): We anticipate our Q4 deliveries to be in the range of 22,000 to 23,000 as we maintain even flow production and turn inventory into cash. Stuart Miller (Sep 17, 2026): We think that as we go -- as we move ahead into next year and beyond, we're going to be able to generate more cash. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. |
FMP — 70 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Dec 15, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $79.81 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T21:04:44.297Z. | |
px.change | Change on the day | -2.80% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $19.8B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-04T21:04:43.043Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | −$2.30 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $7.94B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.range52 | 52-week range | $75.70–$133.76 | FMP | Financial Modeling Prep (FMP) quote | |
px.pe | Price / earnings (trailing) | 15.09 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 9.01M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.4 | FMP | Financial Modeling Prep (FMP) company profile | |
id.employees | Employees | 12,532 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
id.hq | Headquarters | 5505 Waterford District Drive, Miami, FL, 33126, United States | FMP | Financial Modeling Prep (FMP) company profile | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $27.13B, net result $4.43B; FY2022 revenue $33.67B, net result $4.61B; FY2023 revenue $34.23B, net result $3.94B; FY2024 revenue $35.44B, net result $3.93B; FY2025 revenue $34.19B, net result $2.08B | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Lennar - Other $179.44M · Lennar Multifamily $750.01M · Lennar Financial Services $1.20B · Lennar Homebuilding East, Central, West, Houston, and Other $32.27B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 9.5% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-08-31.revenue_k | Revenue — period end 2026-08-31 | $8.05B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-08-31.sga_k | SG&A — period end 2026-08-31 | $851.92M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-08-31.operating_result_k | FMP standardized operating result — period end 2026-08-31 | $459.81M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-31.revenue_k | Revenue — period end 2026-05-31 | $7.94B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-31.sga_k | SG&A — period end 2026-05-31 | $136.15M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-05-31.operating_result_k | FMP standardized operating result — period end 2026-05-31 | $348.43M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-02-28.revenue_k | Revenue — period end 2026-02-28 | $6.62B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-02-28.sga_k | SG&A — period end 2026-02-28 | $157.64M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-02-28.operating_result_k | FMP standardized operating result — period end 2026-02-28 | $233.06M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-30.revenue_k | Revenue — period end 2025-11-30 | $9.37B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-30.sga_k | SG&A — period end 2025-11-30 | $162.09M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-11-30.operating_result_k | FMP standardized operating result — period end 2025-11-30 | $666.96M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-09-16.revenue_actual | Revenue · reported — report date 2026-09-16 | $8.00B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-16.revenue_estimated | Revenue · estimate — report date 2026-09-16 | $8.32B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-16.eps_actual | EPS · reported — report date 2026-09-16 | $1.2300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-09-16.eps_estimated | EPS · estimate — report date 2026-09-16 | $1.2800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-11.revenue_actual | Revenue · reported — report date 2026-06-11 | $7.94B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-11.revenue_estimated | Revenue · estimate — report date 2026-06-11 | $8.08B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-11.eps_actual | EPS · reported — report date 2026-06-11 | $1.2400 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-06-11.eps_estimated | EPS · estimate — report date 2026-06-11 | $1.2400 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-12.revenue_actual | Revenue · reported — report date 2026-03-12 | $6.62B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-12.revenue_estimated | Revenue · estimate — report date 2026-03-12 | $6.84B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-12.eps_actual | EPS · reported — report date 2026-03-12 | $0.9300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-03-12.eps_estimated | EPS · estimate — report date 2026-03-12 | $0.9530 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-16.revenue_actual | Revenue · reported — report date 2025-12-16 | $9.37B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-16.revenue_estimated | Revenue · estimate — report date 2025-12-16 | $9.00B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-16.eps_actual | EPS · reported — report date 2025-12-16 | $1.9300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-12-16.eps_estimated | EPS · estimate — report date 2025-12-16 | $2.2100 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $1.15B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | −$209.30M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-08-31. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $1.47B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $4.30B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 0.88× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-08-31.operating_cash_flow_m | Operating cash flow — period end 2026-08-31 | −$209.30M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-05-31.operating_cash_flow_m | Operating cash flow — period end 2026-05-31 | −$284.38M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-08-31.capex_m | Capital expenditure (reported) — period end 2026-08-31 | $8.02M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-05-31.capex_m | Capital expenditure (reported) — period end 2026-05-31 | −$18.86M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-02-28.operating_cash_flow_m | Operating cash flow — period end 2026-02-28 | −$328.50M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-02-28.capex_m | Capital expenditure (reported) — period end 2026-02-28 | −$29.99M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-11-30.operating_cash_flow_m | Operating cash flow — period end 2025-11-30 | $1.76B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-11-30.capex_m | Capital expenditure (reported) — period end 2025-11-30 | −$85.20M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $63.00 – $108.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $78.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $72.50 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
own.insiders | Insider transactions via FMP | 54 transactions · 30 purchases, 0 sales, 24 other transactions · 10 identified insiders · of the newest 60 records, those within the last 180 days, newest dated Sep 30, 2026 | FMP | Financial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent. | |
own.institutions.depth.ownership_pct | Institutional ownership | 88.5% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 83.7% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 992 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 981 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Blackrock, INC. — shares in provider snapshot | 18,345,964 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Berkshire Hathaway INC — shares in provider snapshot | 13,111,741 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Vanguard Capital Management LLC — shares in provider snapshot | 13,021,553 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Greenhaven Associates INC — shares in provider snapshot | 11,316,279 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Eagle Capital Management LLC — shares in provider snapshot | 10,686,983 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 2 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 1 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-09-24 · Expired observation | |
fin.scores | Distress and quality screens | Altman Z 3.60 · Piotroski F 7 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-03 · Expired observation |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 17.22× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.15B at Aug 31, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-08-31. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $2.00 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-04, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 2.51% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-09-16.revenue_actual.comparison | Latest report · revenue vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($8.00B) with the recorded estimate ($8.32B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-09-16.eps_actual.comparison | Latest report · EPS vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($1.2300) with the recorded estimate ($1.2800) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 60 of 100 · Fair · pillars 44 / 95 / 68 / 34 / 41 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 60 (stored snapshot Oct 3, 2026) → 60 (current publication computed Oct 4, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-08-31. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-08-31.revenue_k,fin.q_table.depth.2026-08-31.sga_k,fin.q_table.depth.2026-08-31.operating_result_k,fin.q_table.depth.2026-05-31.revenue_k,fin.q_table.depth.2026-05-31.sga_k,fin.q_table.depth.2026-05-31.operating_result_k,fin.q_table.depth.2026-02-28.revenue_k,fin.q_table.depth.2026-02-28.sga_k,fin.q_table.depth.2026-02-28.operating_result_k,fin.q_table.depth.2025-11-30.revenue_k,fin.q_table.depth.2025-11-30.sga_k,fin.q_table.depth.2025-11-30.operating_result_k. - Earnings-history note. Source series as of 2026-09-16. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-09-16.revenue_actual,earn.history.depth.2026-09-16.revenue_estimated,earn.history.depth.2026-09-16.revenue_actual.comparison,earn.history.depth.2026-09-16.eps_actual.comparison,earn.history.depth.2026-09-16.eps_actual,earn.history.depth.2026-09-16.eps_estimated,earn.history.depth.2026-06-11.revenue_actual,earn.history.depth.2026-06-11.revenue_estimated,earn.history.depth.2026-06-11.eps_actual,earn.history.depth.2026-06-11.eps_estimated,earn.history.depth.2026-03-12.revenue_actual,earn.history.depth.2026-03-12.revenue_estimated,earn.history.depth.2026-03-12.eps_actual,earn.history.depth.2026-03-12.eps_estimated,earn.history.depth.2025-12-16.revenue_actual,earn.history.depth.2025-12-16.revenue_estimated,earn.history.depth.2025-12-16.eps_actual,earn.history.depth.2025-12-16.eps_estimated. - Cash-flow note. Source series as of 2026-08-31. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-08-31.operating_cash_flow_m,fin.opcf.depth.2026-05-31.operating_cash_flow_m,fin.opcf.depth.2026-08-31.capex_m,fin.opcf.depth.2026-05-31.capex_m,fin.opcf.depth.2026-02-28.operating_cash_flow_m,fin.opcf.depth.2026-02-28.capex_m,fin.opcf.depth.2025-11-30.operating_cash_flow_m,fin.opcf.depth.2025-11-30.capex_m.
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Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | Lennar Corporation, an influential homebuilder in the United States, operates primarily under its widely recognized Lennar brand, alongside its various subsidiaries. The company structures its diverse business initiatives across several distinct divisions: regional homebuilding segments (East, Central, Texas, and West), a Financial Services arm, a Multifamily property development unit, and a broader "Lennar Other" category. At the heart of its operations, Lennar is deeply involved in the creation and sale of single-family homes, encompassing both attached and detached designs. Its activities also span the acquisition, development, and subsequent sale of land designated for residential use, in addition to the comprehensive development, construction, and ongoing management of rental properties in the multifamily sector. Expanding beyond physical construction, Lennar provides essential services such as residential mortgage financing, title protection, and closing services for its clientele and other interested parties. It also actively originates and divests securitized commercial mortgage loans. Furthermore, the corporation participates in strategic fund investment endeavors. Lennar's extensive customer base primarily caters to first-time purchasers, individuals seeking to upgrade their homes, active adult communities, and the luxury housing market. This enterprise, founded in 1954, is officially based in Miami, Florida. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Lennar - Other: $179.44M; Lennar Multifamily: $750.01M; Lennar Financial Services: $1.20B; Lennar Homebuilding East, Central, West, Houston, and Other: $32.27B | 2025-11-30 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-11-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Sector / industry (provider taxonomy) | Consumer Cyclical / Residential Construction The company's SEC filings classify it under SIC 1520 — General Bldg Contractors - Residential Bldgs. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Trailing twelve-month ratio set | Quick ratio: 1.51; Current ratio: 4.66; Debt to equity: 0.29; Net margin: 4.9%; Gross margin: 8%; Operating margin: 6%; Return on assets: 4.8%; Return on equity: 7.4% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-06-11 | FMP | Financial Modeling Prep (FMP) earnings |
| Cash, investments and debt | Total debt: $6.20B; Liquidity basis: cash and short-term investments; Total liabilities: $11.94B; Cash and short-term investments: $1.82B; Cash and investments: $3.29B; Long-term investments: $1.48B; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-05-31 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $3.29B; Cash and short-term investments: $1.82B; Long-term investments: $1.48B; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-05-31 | COMPUTED | Computed from the balance sheet |
| Cash decline over the reported window | To: 2026-05-31; From: 2024-08-31; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $1.82B; Decline: $2.48B; Opening balance: $4.30B; Average change per period: $354.60M Change in cash, cash equivalents and short-term investments between the 2024-08-31 and 2026-05-31 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length. | 2026-05-31 | COMPUTED | Computed from reported balances |
| Cash against market value | As of: 2026-05-31; Cash basis: cash and short-term investments; Net cash: -$4.38B; Total debt: $6.20B; Cash and investments: $1.82B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-05-31 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Distress and quality screens | Altman Z-score: 3.65; Piotroski F-score: 6 Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) financial scores |
| Recent dividends paid | Captured record · 4 entries
Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here. | 2026-07-10 | FMP | Financial Modeling Prep (FMP) dividend history |
| Next earnings report | Date: 2026-09-16; EPS estimate: $1.29 per share; Revenue estimate: $8.32B The date is our provider's estimate until the company confirms it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-12 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Largest 5 institutional holders | Captured record · 5 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings |
| Institutional ownership (13F) | Holders: 990; Quarter: 2026-06-30; Ownership: 88.5%; Holders previous quarter: 981; Ownership previous quarter: 83.7 13F filings are quarterly and lag the quarter end by up to 45 days. | 2026-06-30 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings |
Data provided for informational purposes only.