OverviewSuggest Edit

Lennar is a home building company, an originator of residential and commercial mortgage loans, a provider of title insurance and closing services, and a developer of multifamily rental properties. In addition, it is involved in ventures, and have interests in companies, that are engaged in applying technology to improve the homebuilding industry and real estate related aspects of the financial services industry. The company operates through Homebuilding, Financial Services, Multifamily, and Lennar Other segments

TypePublic
Founded1954
HQMiami, FL, US
Websitelennar.com
Employee Ratings3.7
Overall CultureB-

Latest Updates

Employees (est.) (Nov 2020)9,495(-6%)
Job Openings517
Revenue (FY, 2020)$22.5 B(+2%)
Share Price (Sept 2021)$99.5(+2%)
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Lennar

Stuart Miller

Stuart Miller

Executive Chairman
Diane Bessette

Diane Bessette

Vice President, Chief Financial Officer & Treasurer
Jon Jaffe

Jon Jaffe

Co-Chief Executive Officer and Co-President
Michael Petrolino

Michael Petrolino

Vice President - Taxation
Rob Hutton

Rob Hutton

Regional President, Lennar Homebuilding and Land
Jeff McCall

Jeff McCall

Executive Vice President
Show more

Lennar Office Locations

Lennar has offices in Miami, Irvine and Louisville
Miami, FL, US (HQ)
700 NW 107th Ave
Irvine, CA, US
15131 Alton Pkwy
Louisville, KY, US
P.O Box 505000
Show all (3)

Lennar Financials and Metrics

Lennar Revenue

Embed Graph
View revenue for all periods
Lennar's revenue was reported to be $22.49 b in FY, 2020 which is a 1% increase from the previous period.
USD

Revenue (Q1, 2021)

5.3b

Gross profit (Q1, 2021)

974.0m

Gross profit margin (Q1, 2021), %

18.3%

Net income (Q1, 2021)

1.0b

Market capitalization (23-Sept-2021)

30.1b

Closing stock price (23-Sept-2021)

99.5

Cash (28-Feb-2021)

2.6b

EV

34.5b
Lennar's current market capitalization is $30.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

20.6b22.3b22.5b

Revenue growth, %

63%8%1%

Cost of goods sold

18.2b19.5b19.0b

Gross profit

2.3b2.8b3.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

3.9b5.6b5.9b4.5b5.3b5.9b5.3b

Cost of goods sold

3.5b4.9b5.1b4.0b4.5b4.9b4.4b

Gross profit

402.1m675.7m741.0m516.3m741.3m974.3m974.0m

Gross profit Margin, %

10%12%13%11%14%17%18%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.6b1.5b2.9b

Accounts Receivable

1.0b907.1m938.1m

Inventories

17.3b18.1b17.2b

Goodwill

3.7b3.7b3.6b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.0b993.5m1.0b1.1b1.6b2.2b2.6b

Accounts Receivable

576.8m614.3m628.5m674.1m981.3m699.4m892.5m

Inventories

18.5b19.1b19.1b19.0b18.3b18.0b18.0b

Goodwill

3.7b3.7b3.7b3.7b3.6b3.6b3.6b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.7b1.8b2.5b

Depreciation and Amortization

91.2m92.2m94.6m

Inventories

(135.9m)(623.6m)781.4m

Accounts Payable

412.8m(14.6m)266.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

239.4m658.3m1.2b391.2m907.3m1.6b1.0b

Depreciation and Amortization

18.4m41.0m63.8m20.4m44.5m68.8m22.3m

Inventories

(1.1b)(1.5b)(1.6b)(777.0m)(159.1m)113.4m(862.1m)

Accounts Payable

(387.7m)(192.5m)(115.5m)11.6m12.1m165.6m183.6m
USDFY, 2018

EV/CFO

13.1 x

Revenue/Employee

1.8m

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

1.9 x

P/E Ratio

7.9
Show all financial metrics

Lennar Operating Metrics

Lennar's Backlog was reported to be $9.5b in Q1, 2021.
Show all operating metrics

Lennar Acquisitions / Subsidiaries

Company NameDateDeal Size
CalAtlantic GroupFebruary 12, 2018$9.3 b
WCI CommunitiesSeptember 22, 2016$643 m
208 Meadowview Farms, Ltd.
301 South Glendora Avenue Apartments Investors, LLC
308 Furman, Ltd.
360 Developers, LLC
5151 East, LLC
Akron 42, LLC
Alliance Financial Services, Inc.
Ann Arundel Farms, Ltd.
Show more

Lennar Revenue Breakdown

Embed Graph

Lennar revenue breakdown by business segment: 25.4% from Homebuilding East, 18.2% from Homebuilding Central, 12.0% from Homebuilding Texas, 37.5% from Homebuilding West and 6.8% from Other

Human Capital Metrics

Embed Graph
Show all human capital metrics

Lennar Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Lennar Online and Social Media Presence

Embed Graph

Lennar Company Culture

  • Overall Culture

    B-

    68/100

  • CEO Rating

    C-

    63/100

  • Compensation

    C+

    66/100

Learn more on Comparably

Lennar News and Updates

Lennar stock falls after home builder misses home-delivery guidance on supply-chain snags

Shares of Lennar Corp. dropped more than 3% in the extended session Monday after the home builder said its third-quarter earnings were hurt by "unprecedented supply-chain challenges" that are likely to continue "into the foreseeable future." Lennar said it earned $1.4 billion, or $4.52 a share, in …

Harbor Custom Development, Inc. Closes the Sale of 144 Lots in Belfair, Washington to Lennar for $10,440,000

Gig Harbor, Washington , Sept. 02, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI; HCDIP; HCDIW), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announce…

Harbor Custom Development, Inc. Contracts to Sell 144 Entitled Lots in Belfair, WA to Lennar for $10,440,000

Gig Harbor, Washington , July 26, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has en…

Thinking about trading options or stock in Santander Consumer USA, Cerence, Tiziana Life Sciences, Lennar Corp, or Nike?

NEW YORK, July 2, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SC, CRNC, TLSA, LEN, and NKE. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

JPMorgan upgrades Lennar, sees nearly 50% upside amid hot housing market and potential buybacks

JPMorgan upgraded the homebuilder stock to overweight from neutral.

Lennar Breaks Ground On First-ever West Virginia Homes In Harvest Hills

SHENANDOAH JUNCTION, W.Va., June 15, 2021 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, has announced the groundbreaking of its new Harlow II model at its first-ever single-family home community in West Virginia. Harvest Hills brings together Lennar's distinctive...
Show more

Lennar Blogs

How to Stock Your Kitchen on a Budget

For anyone moving into a new home, having to stock or restock your kitchen may feel overwhelming. According to the nonprofit organization Feeding America, the country wastes 70 billion pounds of food every year. Every kitchen at Arbor Parc by Lennar has upgraded cabinetry, counters and appliances th…

Tips for Making Guests Feel At Home

Summertime is perfect for reconnecting with family and friends, and if you’re planning on hosting at your place, you probably want to make them feel right at home. For those looking to show their guests that “mi casa es su casa”, try some of the tips below to get your guests feeling comfortable in y…

Limited Lennar homes remain in Balmoral

Lennar has a limited supply of their premier Bungalow Collection homes left on the market. These are the final Lennar bungalow selection properties left available in all of Houston.  These exciting new Bungalow homes in Balmoral give residents homeownership on a smaller scale, offering beautiful uni…

Everything’s Included Means Everything Is Included – In Every New Home

Think about those dreaded words you see when you buy something you really want. “Assembly required.” “Batteries not included.” “Accessories not included.” These extra steps and additional costs are often times required to make your new purchase just right. Lennar knows all this. That’s why the natio…

Eastmark Towns Models Now Open!

Lennar is excited to open new model homes from their Eastmark Towns community. Schedule a self-guided tour or a Lennar guided tour today to walk the professionally decorated model homes and learn more about this collection of new townhomes in Mesa set at Eastmark, an exceptional and amenity-rich mas…
Show more

Lennar Frequently Asked Questions

  • When was Lennar founded?

    Lennar was founded in 1954.

  • Who are Lennar key executives?

    Lennar's key executives are Stuart Miller, Diane Bessette and Jon Jaffe.

  • How many employees does Lennar have?

    Lennar has 9,495 employees.

  • What is Lennar revenue?

    Latest Lennar annual revenue is $22.5 b.

  • What is Lennar revenue per employee?

    Latest Lennar revenue per employee is $2.4 m.

  • Who are Lennar competitors?

    Competitors of Lennar include PulteGroup, Toll Brothers and D.R. Horton.

  • Where is Lennar headquarters?

    Lennar headquarters is located at 700 NW 107th Ave, Miami.

  • Where are Lennar offices?

    Lennar has offices in Miami, Irvine and Louisville.

  • How many offices does Lennar have?

    Lennar has 3 offices.