Lennar (LEN) is trading up at $77.69 (+5.66%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Consumer Discretionary sector.
Analyst price targets on LEN
Current price targets from 2 firms average $72.5, ranging from $70 to $75 — 7% below the current $77.7. Each is tracked to its date and scored the same way a member's call is.
- Truist Securities $78.1 → $75 by Sep 2027 Sep 21, 2026 via Investing.com · Truist Securities's track record
- Bank of America $80 → $70 by Sep 2027 Sep 14, 2026 via Investing.com · Bank of America's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Lennar revenue & net income history (FY2016–FY2025)
| FY2016Nov 2016 | FY2017Nov 2017 | FY2018Nov 2018 | FY2019Nov 2019 | FY2020Nov 2020 | FY2021Nov 2021 | FY2022Nov 2022 | FY2023Nov 2023 | FY2024Nov 2024 | FY2025Nov 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $10.9B | $12.6B | $20.6B | $22.3B | $22.5B | $27.1B | $33.7B | $34.2B | $35.4B | $34.2B |
| Growth (year over year) | +15.6% | +15.5% | +62.7% | +8.2% | +1.0% | +20.6% | +24.1% | +1.7% | +3.5% | −3.5% |
| Operating income | $1.56B | $1.48B | $2.46B | $2.78B | $3.48B | — | — | — | — | — |
| Operating margin | 14.3% | 11.7% | 12.0% | 12.5% | 15.5% | — | — | — | — | — |
| Net income | $911.8M | $810.5M | $1.70B | $1.85B | $2.47B | $4.43B | $4.61B | $3.94B | $3.93B | $2.08B |
| Net margin | 8.3% | 6.4% | 8.2% | 8.3% | 11.0% | 16.3% | 13.7% | 11.5% | 11.1% | 6.1% |
| EPS (diluted) | $3.86 | $3.38 | $5.44 | $5.74 | $7.85 | $14.27 | $15.72 | $13.73 | $14.31 | — |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.33B | $2.65B | $1.56B | $1.45B | $2.86B | $2.96B | $4.82B | $6.57B | $4.91B | $3.76B |
| Total assets | $15.4B | $18.7B | $28.6B | $29.4B | $29.9B | $33.2B | $38.0B | $39.2B | $41.3B | $34.4B |
| Total liabilities | $8.15B | $10.8B | $13.9B | $13.3B | $11.8B | $12.2B | $13.7B | $12.5B | $13.3B | $12.3B |
| Long-term debt | — | — | — | $9.57B | $7.42B | — | — | — | $4.19B | $5.87B |
| Shareholders' equity | $7.03B | $7.87B | $14.6B | $15.9B | $18.0B | $20.8B | $24.1B | $26.6B | $27.9B | $22.0B |
| Cash flow | ||||||||||
| Operating cash flow | $507.8M | $982.4M | $1.69B | $1.48B | $4.19B | $2.53B | $3.27B | $5.18B | $2.40B | $216.8M |
| Capital expenditure | $76.4M | $111.8M | $130.4M | $86.5M | $72.8M | $65.2M | $57.2M | $99.8M | $171.5M | $188.6M |
| Free cash flow | $431.4M | $870.6M | $1.56B | $1.40B | $4.12B | $2.47B | $3.21B | $5.08B | $2.23B | $28.2M |
| Dividends paid | $35.3M | $37.6M | $49.2M | $51.5M | $195.0M | $309.8M | $438.0M | $430.6M | $548.8M | $521.0M |
| Share buybacks | $19.9M | $27.1M | $299.8M | $523.1M | $321.5M | $1.43B | $1.04B | $1.18B | $2.26B | $1.81B |
| Q4 FY24†Nov 2024 | Q1 FY25Feb 2025 | Q2 FY25May 2025 | Q3 FY25Aug 2025 | Q4 FY25†Nov 2025 | Q1 FY26Feb 2026 | Q2 FY26May 2026 | Q3 FY26Aug 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $9.95B | $7.63B | $8.38B | $8.81B | $9.37B | $6.62B | $7.94B | $8.05B |
| Growth (year over year) | −9.3% | +4.4% | −4.4% | −6.4% | −5.8% | −13.3% | −5.2% | −8.7% |
| Net income | $1.10B | $519.5M | $477.4M | $591.0M | $490.2M | $229.4M | $304.8M | $283.9M |
| Net margin | 11.0% | 6.8% | 5.7% | 6.7% | 5.2% | 3.5% | 3.8% | 3.5% |
| EPS (diluted) | $4.03 | $1.96 | $1.81 | $2.29 | — | $0.93 | $1.24 | $1.19 |
| Balance sheet | ||||||||
| Cash and equivalents | $4.91B | $2.59B | $1.48B | $1.76B | $3.76B | $2.39B | $2.17B | $1.50B |
| Total assets | $41.3B | $35.0B | $34.4B | $34.9B | $34.4B | $33.2B | $33.7B | — |
| Total liabilities | $13.3B | $12.1B | $11.6B | $12.1B | $12.3B | $11.2B | $11.9B | $11.7B |
| Long-term debt | $4.19B | — | — | — | $5.87B | — | — | — |
| Shareholders' equity | $27.9B | $22.7B | $22.6B | $22.6B | $22.0B | $21.9B | $21.6B | $21.6B |
| Cash flow | ||||||||
| Operating cash flow | $974.5M | −$289.0M | −$1.10B | −$158.6M | $1.76B | −$433.5M | −$284.4M | −$104.3M |
| Capital expenditure | $41.4M | $56.0M | $15.2M | $32.2M | $85.2M | $30.0M | $18.9M | −$8.02M |
| Free cash flow | $933.1M | −$345.1M | −$1.11B | −$190.8M | $1.67B | −$463.5M | −$303.2M | −$96.3M |
| Dividends paid | $134.7M | $131.6M | $133.6M | $129.1M | $126.6M | $123.5M | $123.1M | $119.4M |
| Share buybacks | $527.2M | $774.5M | $521.4M | $512.4M | $57.0K | $269.7M | $467.1M | $255.9M |
From Lennar's 10-K and 10-Q filings with the SEC; its fiscal year ends in November. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Lennar
Lennar Corporation (LEN), commonly known as Lennar, is an American home construction company based in Miami-Dade County, Florida.
- Headquarters
- Miami, Florida From SEC filings, Oct 2026
Recent News (3)
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Stocks making the biggest moves premarket: Constellation Energy, Option Care Health, Lennar, P&G and more Stocks making the biggest moves premarket: Constellation Energy, Option Care Health, Lennar, P&G and more CNBC
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Berkshire buys more Lennar shares, but pace of purchases slows Berkshire Hathaway added to its bet on Lennar this week, raising its stake in the homebuilder to 11.2%, although the pace of its buying appears to be slowing.
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Lennar shares pop as Berkshire builds almost a 10% stake in beleaguered homebuilder The conglomerate built by Warren Buffett and led today by Greg Abel holds a sizable stake in Miami-based homebuilder Lennar.
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