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Lennar $LEN

Consumer Discretionary · Homebuilding · NYSE/NASDAQ

S&P 500 Russell 1000 Florida

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$78.65

+2.78 (+3.66%)

As of Oct 20, 2026, 5:32 PM EDT

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Sep 14, 2026, the first target we tracked for LEN.

Key facts

52-week range (closes): $74.44 – $133.13 Lowest close Oct 5, 2026, highest Dec 3, 2025; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Fiscal year ends: November Fiscal 2025 ended Nov 30, 2025, from SEC filings
In the S&P 500 since: Oct 4, 2005 · All S&P 500 changes
Analyst coverage: 2 open price targets from 2 firms: Bank of America, Truist Securities Approved targets tracked here; see the analyst section below

Lennar (LEN) is trading up at $78.65 (+3.66%) 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 — 8% below the current $78.7. Each is tracked to its date and scored the same way a member's call is.

Truist Securities $78.1 → $75 by Sep 2027 Hold Sep 21, 2026 via Investing.com · Truist Securities's track record
Bank of America $80 → $70 by Sep 2027 Underperform 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)

RevenueNet incomeNet margin (right axis, %)

Lennar annual financial statements
	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

RevenueNet incomeNet margin (right axis, %)

Lennar quarterly financial statements
	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 →

Lennar vs the Consumer Discretionary sector and the S&P 500

Lennar's latest reported figures next to the median of the other 46 S&P 500 Consumer Discretionary companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

Lennar compared with the median Consumer Discretionary company and the median S&P 500 company
Measure	Lennar	Consumer Discretionary (46 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	−3.5%	+5.2%	+7.0%
Net margin, latest fiscal year	6.1%	10.2%	13.0%
Share price change, 1 year	−37.5%	−6.7%	+7.5%

Lennar: fiscal year ended November 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Lennar included, are the last regular-session prices of October 20, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 46/496, net margin 46/496, 1-year price change 46/488; the reasons below can overlap. 14 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.