Company Dossier · Consumer Discretionary
Lennar
- S&P 500
- Russell 1000
What Lennar is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to August 31, 2026: $32.0 billion, down 8.1% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to May 31, 2026: $0.72 billion, up 157% from a year earlier.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to May 31, 2026: $0.17 billion, up 31% from a year earlier.SEC EDGAR filings (XBRL)
- Share buybacks in the fiscal year to November 30, 2025: $1.81 billion.SEC EDGAR filings (10-K)
- Long-term debt issued in the fiscal year to November 30, 2025: $0.70 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (September 17, 2026): sentiment -0.20 on a −1 to +1 scale (negative), confidence 0.70 of 1.Palanor Discourse
- Guidance in the last 90 days: 0 outlook figures raised, 1 lowered, 0 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed January 28, 2026): 0 risk factors added, 2 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net buyers in Q3 2026: $403 million on the open market.SEC Form 4
- 940 institutional managers reported a position at June 30, 2026 (+1 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 9 (7 a year earlier).U.S. Department of Labor (OFLC)
Risk events (12 months): 1 — latest OSHA inspection, Sep 10, 2026 →
Company Posture
How Company Posture is measured →What Lennar is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Steady · Hedging
Expanding ↔ Retrenching
Steady
- Capital spending60th pct
- Debt raised—
- Buybacks vs capex61st pct
- Hiring filings65th pct
- Deals and private raises48th pct
- Patent publications12th pct
Confident ↔ Hedging
Hedging
- Call sentiment24th pct
- Call confidence52nd pct
- Guidance changes8th pct
- Risk factors added79th pct
- Insider open-market trades93rd pct
- − Guidance changes
- − Call sentiment
- + Insider open-market trades
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver70th pct
- Stress filings50th pct
Credit
How these are built →Lennar's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$5.9B
- Due within a year $0.0B
- Longer term $5.9B
- Default point $2.9B (short + ½ long)
Finance leases included · Nov 30, 2025 filing
Bonds priced, last 12 months
$0.6B
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Oct 13, 2026 | $300M | 5.700% | 2029 (3y) | +80bp | 5.726% |
| Oct 13, 2026 | $300M | 5.950% | 2032 (5y) | +95bp | 5.964% |
| May 12, 2025 | $700M | 5.200% | 2030 (5y) | +110bp | 5.203% |
From the pricing term sheets Lennar filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Lennar: earnings call confidence
Palanor Discourse score per call, 0 to 1
Hiring and ownership
In the news
Headlines that name Lennar, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.
- NeutralBerkshire buys more Lennar shares, but pace of purchases slows
cnbc.com · via Marketaux · Oct 3, 2026
- NeutralLennar (LEN) Faces Housing Market Challenges, Sells $200M in Homes to Millrose Properties
gurufocus.com · via Marketaux · Oct 2, 2026
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 20, 2026LobbyingLobbying report (MAVEN ADVOCACY PARTNERS LLC)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (MAVEN ADVOCACY PARTNERS LLC)third_quarter 2026
- Oct 16, 2026LobbyingLobbying report (BROWNSTEIN HYATT FARBER SCHRECK, LLP)third_quarter 2026 · $0.1 million
- Oct 5, 2026LobbyingLobbying report (SCHAGRIN ASSOCIATES)third_quarter 2026
- Sep 10, 2026Risk event
- Jul 20, 2026LobbyingLobbying report (THE FERGUSON GROUP, LLC)second_quarter 2026
- Jun 8, 20268-KDirector or officer changeItem 5.02
- May 19, 2026Patent
- Apr 17, 2026LobbyingLobbying report (THE FERGUSON GROUP, LLC)first_quarter 2026
- Apr 13, 20268-KShareholder vote resultsItem 5.07
- Apr 7, 2026Patent
- Jan 28, 202610-KAnnual report (10-K)0 risk factors added, 2 removed
- Jan 16, 2026LobbyingLobbying report (THE FERGUSON GROUP, LLC)fourth_quarter 2025
- Dec 9, 2025Patent
- Nov 14, 20258-KDirector or officer changeItem 5.02
- Nov 4, 2025Patent
- Nov 4, 2025Patent
- Oct 16, 2025LobbyingLobbying report (THE FERGUSON GROUP, LLC)third_quarter 2025
- Aug 4, 20258-KDirector or officer changeItem 5.02
- May 19, 20258-KMaterial agreement signedItem 1.01
- May 2, 2025Risk event
- May 2, 2025Risk event
- Apr 11, 20258-KShareholder vote resultsItem 5.07
- Mar 5, 2025Risk event
- Mar 5, 2025Risk event
- Feb 5, 2025Risk event
- Jan 23, 202510-KAnnual report (10-K)4 risk factors added, 1 removed
- Jan 15, 20258-KDirector or officer changeItem 5.02
- Dec 2, 20248-KMaterial agreement signedItem 1.01
- Jan 26, 202410-KAnnual report (10-K)4 risk factors added, 0 removed
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| D. R. Horton DHI | $33.4B | $3.2B | Jun 30, 2026 |
| PulteGroup PHM | $16.4B | $1.5B | Jun 30, 2026 |
| Toll Brothers TOL | $10.8B | $1.1B | Jul 31, 2026 |
| NVR, Inc. NVR | $9.5B | $1.1B | Jun 30, 2026 |
| Millrose Properties MRP | $0.8B | — | Jun 30, 2026 |
| Penske Automotive Group PAG | $32.2B | $0.6B | Jun 30, 2026 |
| Coupang CPNG | $35.5B | $0.1B | Jun 30, 2026 |
| Booking Holdings BKNG | $28.2B | $9.5B | Jun 30, 2026 |