Lennar

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. 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 other segments.
TypePublic
Founded1954
HQMiami, FL, US
Websitelennar.com
Employee Ratings3.6
Overall CultureC-

Latest Updates

Employees (est.) (Nov 2021)10,753(+14%)
Job Openings427
Revenue (FY, 2021)$27.1 B(+21%)
Share Price (Aug 2022)$85.4(+4%)
Cybersecurity ratingBMore
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Key People/Management at Lennar

Stuart Miller

Stuart Miller

Executive Chairman
Diane Bessette

Diane Bessette

Vice President, Chief Financial Officer and Treasurer
Jon Jaffe

Jon Jaffe

Co-Chief Executive Officer, Co-President
Michael Petrolino

Michael Petrolino

Vice President of Taxation
Rob Hutton

Rob Hutton

Regional President
Jeff McCall

Jeff McCall

Executive Vice President
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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
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Lennar Financials and Metrics

Lennar Revenue

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View revenue for all periods
Lennar's revenue was reported to be $27.13 b in FY, 2021
USD

Revenue (Q2, 2022)

8.0b

EBIT (Q2, 2022)

1.9b

Market capitalization (4-Aug-2022)

23.4b

Closing stock price (4-Aug-2022)

85.4
Lennar's current market capitalization is $23.4 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

22.3b22.5b27.1b

Revenue growth, %

8%1%

Cost of goods sold

19.5b19.0b21.6b

Gross profit

2.8b3.5b5.5b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

4.5b5.3b5.9b5.3b6.4b6.9b6.2b8.0b

Cost of goods sold

4.0b4.5b4.9b4.4b5.2b5.5b5.0b6.1b

Gross profit

516.3m741.3m974.3m974.0m1.2b1.4b1.2b

Gross profit Margin, %

11%14%17%18%19%21%19%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

1.6b1.5b2.9b2.7b

Accounts Receivable

1.0b907.1m938.1m490.3m

Inventories

17.3b18.1b17.2b

Goodwill

3.7b3.7b3.6b3.4b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

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, 2020FY, 2021

Net Income

1.7b1.8b2.5b4.5b

Depreciation and Amortization

91.2m92.2m94.6m86.0m

Inventories

(135.9m)(623.6m)781.4m(2.0b)

Accounts Payable

412.8m(14.6m)266.5m881.3m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q1, 2022Q2, 2022

Net Income

239.4m658.3m1.2b391.2m907.3m1.6b1.0b509.3m1.8b

Depreciation and Amortization

18.4m41.0m63.8m20.4m44.5m68.8m22.3m20.1m39.5m

Inventories

(1.1b)(1.5b)(1.6b)(777.0m)(159.1m)113.4m(862.1m)(1.9b)(3.1b)

Accounts Payable

(387.7m)(192.5m)(115.5m)11.6m12.1m165.6m183.6m96.5m276.7m
USDFY, 2018

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

1.9 x
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Lennar Operating Metrics

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

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.
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Lennar Revenue Breakdown

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Lennar revenue breakdown by business segment: 16.8% from Homebuilding Central, 23.9% from Homebuilding East, 11.3% from Homebuilding Texas, 36.8% from Homebuilding West and 11.1% from Other

Lennar Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Lennar Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Lennar Online and Social Media Presence

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Lennar Company Culture

  • Overall Culture

    C-

    64/100

  • CEO Rating

    B

    71/100

  • Compensation

    A-

    78/100

Learn more on Comparably

Lennar News and Updates

Casa de Amparo, TrueCare and Lennar Announce the Grand Opening of the TrueCare & Lennar Foundation Health Center at Casa de Amparo

New 600-square-foot facility will serve resident girls ages 12 to 18 and their children affected by child abuse or neglect SAN MARCOS, Calif., Aug. 11, 2022 /PRNewswire/ -- Casa de Amparo, a leader in treating and preventing child abuse and neglect in San Diego County, in partnership with...

Lennar shares rally as builder's earnings top forecasts

Lennar shares rally as builder's earnings top forecasts

Lennar stock set to surge after profit, revenue and new orders rise above expectations

Shares of Lennar Corp. were indicated up more than 5% in premarket trading Tuesday, after the homebuilder reported fiscal second-quarter profit, revenue and new orders that beat expectations, with gross margins improving despite higher materials and wage costs. Net income rose to $1.32 billion, or …

Lennar Reports Second Quarter 2022 Results

2022 Second Quarter Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 69% to $4.49 Increased 59% to $4.69, excluding mark-to-market losses on technology investments in both years and the gain on the sale of the Company's residential solar business...

JTW Advisors Advises Executive Construction Homes in Sale to Lennar

CHARLOTTE, N.C., April 7, 2022 /PRNewswire/ -- JTW Advisors LLC served as sell-side M&A advisor to Columbia, S.C. based Executive Construction Homes, LLC in their sale to Lennar. Lennar, the nation's second largest home builder, with more than 59,000 homes built annually, will expand its...
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Lennar Blogs

Lennar To Build World's Largest Neighborhood Of 3D-Printed Homes With ICON

Renowned Architecture Firm BIG-Bjarke Ingels Group to Codesign the Innovative Community

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…
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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 10,753 employees.

  • What is Lennar revenue?

    Latest Lennar annual revenue is $27.1 b.

  • What is Lennar revenue per employee?

    Latest Lennar revenue per employee is $2.5 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.