Valuation, from the filing
| Public float | $24.64B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-05-31 |
|---|---|---|
| Float / net income | 11.9× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 0.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-05-31, not today, and each multiple below it uses the figures for the fiscal year ending 2025-11-30 — the year that filing covered.
Valuation over time
11.9× earnings today, against a median of 8.5× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-05-31 | $24.64B | 11.9× | |
| 2024-05-31 | $39.68B | 10.1× | |
| 2023-05-31 | $27.81B | 7.1× | |
| 2022-05-31 | $21.01B | 4.6× | |
| 2021-05-31 | $27.92B | 6.3× | |
| 2020-05-31 | $16.95B | 6.9× | |
| 2019-05-31 | $14.49B | 7.8× | |
| 2018-05-31 | $15.43B | 9.1× | |
| 2017-05-31 | $10.60B | 13.1× | |
| 2016-05-31 | $8.71B | 9.6× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
LENNAR CORP /NEW/ (LEN) reported revenue of $31.97B and net income of $1.31B for the fiscal year ended 2026-08-31. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from LENNAR CORP /NEW/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under General Bldg Contractors - Residential Bldgs.
Income
| Metric | 2026-08-31 |
|---|---|
| Revenue | $31.97B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | Unavailable |
| Net income | $1.31B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $1.79B |
| Income tax expense | $460.83M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $2.73B |
| General & administrative | $593.76M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-08-31 |
|---|---|
| Cash & equivalents | Unavailable |
| Total assets | Unavailable |
| Current assets | Unavailable |
| Total liabilities | Unavailable |
| Current liabilities | Unavailable |
| Total equity incl. NCI | $21.70B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | Unavailable |
| Long-term debt | Unavailable |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-08-31 |
|---|---|
| Operating cash flow | $937.30M |
| Capital expenditures | $126.03M |
| Investing cash flow | $160.32M |
| Financing cash flow | -$1.36B |
| Net change in cash | -$258.11M |
| Stock-based compensation | $143.04M |
| Common dividends paid | $492.54M |
| Common share repurchases | $992.75M |
| Depreciation & amortization | $139.59M |
Derived
| Metric | 2026-08-31 |
|---|---|
| Free cash flow | $811.27M |
| Gross margin | Unavailable |
| Operating margin | Unavailable |
| FCF margin | 2.5% |
| SBC / revenue | 0.4% |
| Current ratio | Unavailable |
| Revenue YoY growth | -8.0% |
| Net margin | 4.1% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 0.4% |
| Long-term debt / equity | Unavailable |
| Effective tax rate | 25.8% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LEN in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.