$88.76-28% 1Y
Latest close: below its 200-day averageNov 6, 2026what changed →

The business

How LEN's business earns

Lennar keeps 5.4% of every revenue dollar as operating profit, against 8.9% for the median Residential Construction name.

5.4%

Operating margin · Residential Construction median 8.9% · 12 months to Aug 31, 2026

Cash conversion
0.73×

Cash conversion · −0.22× a year ago · operating cash flow divided by operating profit after tax

Share count, year on year
−7.0%

Share count, year on year · fewer shares than a year ago

Operating margin by fiscal year
Operating margin by fiscal year
YearOperating margin
FY202015%
FY202119%
FY202316%
FY202413%
FY20257.8%
Details›
Operating margin12 months to Aug 31, 2026
5.4%
Net margin12 months to Aug 31, 2026
4.1%
Revenue, trailing twelve months
$32.0B
Net income, trailing twelve months
$1.31B

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.

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Lennar (LEN) Margins and Return on Capital · Ryufin