# Lennar Corporation Class A (LEN) — Stock CV

Lennar Corporation is a $18.2B consumer company. Revenue shrank 8.0% over the last year, it keeps 4¢ of every dollar of sales as profit, and its net debt equals ~2.7 years of free cash flow. It trades at 13.9× earnings — near the highest of its own history.

> Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton, operating in 26 states.

## Identity

- **Ticker**: LEN
- **Sector**: Consumer Cyclical
- **Industry**: Residential Construction
- **Headquarters**: MIAMI, FL
- **Employees**: 12 532
- **Website**: https://www.lennar.com
- **Market cap**: $18.2B
- **Last price**: $76.69
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $32.0B
- **Net income**: $1.31B
- **Free cash flow**: $795M
- **Net debt**: $2.12B
- **P/E**: 13.9
- **Revenue growth (YoY)**: -8.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 57 |
| Growth | 18 |
| Profitability | 28 |
| Health | 70 |
| Quality | 50 |
| Moat | 49 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [ ] Revenue growing — -8.0% YoY
- [x] Profitable — $1.31B TTM
- [ ] Profit growing — -20.3% YoY
- [x] Generates cash — $795M TTM
- [x] Debt under control — ~2.7y of cash flow to repay
- [x] Established company — $18.2B market cap
- [x] Not printing shares — -17.1% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 2.70%
- [x] Valuation not extreme — P/E 13.9

## Experience (career milestones)

- **Q4 2026** — 15 open-market insider purchases: ~2.4M shares bought by insiders
- **FY2022** — Became debt-free: cash now exceeds total debt
- **FY2022** — Best year on record: $4.61B net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $10.9B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- Interest covered 11.9× by operating earnings

## Watch-outs

- Revenue shrinking 8.0% year over year

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $27.1B | $4.43B | $2.47B |
| FY2022 | $32.0B | $4.61B | $3.21B |
| FY2023 | $34.2B | $3.94B | $5.08B |
| FY2024 | $35.4B | $3.93B | $2.23B |
| FY2025 | $34.2B | $2.08B | $28.2M |

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Source: https://stockcv.com/LEN — derived from company filings; may be delayed or incomplete. Information, not investment advice.