Lennar Corporation
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached … Read more
Lennar Corporation (LEN) - Net Assets
Latest net assets as of November 2025: $22.14 Billion USD
Based on the latest financial reports, Lennar Corporation (LEN) has net assets worth $22.14 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($34.43 Billion) and total liabilities ($12.29 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $22.14 Billion |
| % of Total Assets | 64.31% |
| Annual Growth Rate | 13.45% |
| 5-Year Change | 5.45% |
| 10-Year Change | 207.02% |
| Growth Volatility | 23.07 |
Lennar Corporation - Net Assets Trend (1985–2025)
This chart illustrates how Lennar Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lennar Corporation (1985–2025)
The table below shows the annual net assets of Lennar Corporation from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $22.14 Billion | -20.99% |
| 2024-11-30 | $28.02 Billion | +4.94% |
| 2023-11-30 | $26.70 Billion | +10.15% |
| 2022-11-30 | $24.24 Billion | +15.45% |
| 2021-11-30 | $21.00 Billion | +16.01% |
| 2020-11-30 | $18.10 Billion | +12.88% |
| 2019-11-30 | $16.03 Billion | +9.20% |
| 2018-11-30 | $14.68 Billion | +83.86% |
| 2017-11-30 | $7.99 Billion | +10.74% |
| 2016-11-30 | $7.21 Billion | +21.20% |
| 2015-11-30 | $5.95 Billion | +13.31% |
| 2014-11-30 | $5.25 Billion | +13.48% |
| 2013-11-30 | $4.63 Billion | +15.65% |
| 2012-11-30 | $4.00 Billion | +21.12% |
| 2011-11-30 | $3.30 Billion | +3.42% |
| 2010-11-30 | $3.19 Billion | +23.43% |
| 2009-11-30 | $2.59 Billion | -7.20% |
| 2008-11-30 | $2.79 Billion | -27.58% |
| 2007-11-30 | $3.85 Billion | -33.11% |
| 2006-11-30 | $5.76 Billion | +42.04% |
| 2005-11-30 | $4.05 Billion | 0.00% |
| 2004-11-30 | $4.05 Billion | +24.18% |
| 2003-11-30 | $3.26 Billion | +46.41% |
| 2002-11-30 | $2.23 Billion | +34.35% |
| 2001-11-30 | $1.66 Billion | +35.06% |
| 2000-11-30 | $1.23 Billion | +39.37% |
| 1999-11-30 | $881.50 Million | +23.17% |
| 1998-11-30 | $715.70 Million | +63.03% |
| 1997-11-30 | $439.00 Million | -36.88% |
| 1996-11-30 | $695.50 Million | +14.43% |
| 1995-11-30 | $607.80 Million | +13.80% |
| 1994-11-30 | $534.10 Million | +14.27% |
| 1993-11-30 | $467.40 Million | +46.38% |
| 1992-11-30 | $319.30 Million | +9.65% |
| 1991-11-30 | $291.20 Million | +7.97% |
| 1990-11-30 | $269.70 Million | +4.09% |
| 1989-11-30 | $259.10 Million | +11.73% |
| 1988-11-30 | $231.90 Million | +12.96% |
| 1987-11-30 | $205.30 Million | +36.23% |
| 1986-11-30 | $150.70 Million | +6.05% |
| 1985-11-30 | $142.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lennar Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21260.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $22.47 Billion | 102.33% |
| Common Stock | $29.82 Million | 0.14% |
| Other Comprehensive Income | $6.01 Million | 0.03% |
| Total Equity | $21.96 Billion | 100.00% |
Lennar Corporation Competitors by Market Cap
The table below lists competitors of Lennar Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Montage Technology Co Ltd
SHG:688008
|
$20.69 Billion |
|
FUJIFILM Holdings Corporation
PINK:FUJIF
|
$20.69 Billion |
|
HeidelbergCement AG
PINK:HLBZF
|
$20.74 Billion |
|
Equity Residential
NYSE:EQR
|
$20.74 Billion |
|
Telus Corp
NYSE:TU
|
$20.62 Billion |
|
Fox Corp Class A
NASDAQ:FOXA
|
$20.61 Billion |
|
Geberit AG
PINK:GBERF
|
$20.60 Billion |
|
Fubon Financial Holding Co Ltd
TW:2881
|
$20.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lennar Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 27,870,135,000 to 21,959,417,000, a change of -5,910,718,000 (-21.2%).
- Net income of 2,058,083,000 contributed positively to equity growth.
- Dividend payments of 520,959,000 reduced retained earnings.
- Share repurchases of 1,808,369,000 reduced equity.
- Other comprehensive income decreased equity by 1,518,000.
- Other factors decreased equity by 5,637,955,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.06 Billion | +9.37% |
| Dividends Paid | $520.96 Million | -2.37% |
| Share Repurchases | $1.81 Billion | -8.24% |
| Other Comprehensive Income | $-1.52 Million | -0.01% |
| Other Changes | $-5.64 Billion | -25.67% |
| Total Change | $- | -21.21% |
Book Value vs Market Value Analysis
This analysis compares Lennar Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 37.90x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-11-30 | $2.56 | $97.03 | x |
| 1986-11-30 | $2.84 | $97.03 | x |
| 1987-11-30 | $3.63 | $97.03 | x |
| 1988-11-30 | $3.83 | $97.03 | x |
| 1989-11-30 | $4.23 | $97.03 | x |
| 1990-11-30 | $4.34 | $97.03 | x |
| 1991-11-30 | $4.74 | $97.03 | x |
| 1992-11-30 | $5.11 | $97.03 | x |
| 1993-11-30 | $6.59 | $97.03 | x |
| 1994-11-30 | $7.26 | $97.03 | x |
| 1995-11-30 | $8.25 | $97.03 | x |
| 1996-11-30 | $9.41 | $97.03 | x |
| 1997-11-30 | $5.69 | $97.03 | x |
| 1998-11-30 | $6.06 | $97.03 | x |
| 1999-11-30 | $6.23 | $97.03 | x |
| 2000-11-30 | $8.70 | $97.03 | x |
| 2001-11-30 | $10.63 | $97.03 | x |
| 2002-11-30 | $14.07 | $97.03 | x |
| 2003-11-30 | $19.80 | $97.03 | x |
| 2004-11-30 | $23.95 | $97.03 | x |
| 2005-11-30 | $23.95 | $97.03 | x |
| 2006-11-30 | $34.73 | $97.03 | x |
| 2007-11-30 | $23.76 | $97.03 | x |
| 2008-11-30 | $16.24 | $97.03 | x |
| 2009-11-30 | $14.05 | $97.03 | x |
| 2010-11-30 | $13.54 | $97.03 | x |
| 2011-11-30 | $13.54 | $97.03 | x |
| 2012-11-30 | $15.31 | $97.03 | x |
| 2013-11-30 | $18.09 | $97.03 | x |
| 2014-11-30 | $20.73 | $97.03 | x |
| 2015-11-30 | $23.99 | $97.03 | x |
| 2016-11-30 | $29.86 | $97.03 | x |
| 2017-11-30 | $33.19 | $97.03 | x |
| 2018-11-30 | $47.26 | $97.03 | x |
| 2019-11-30 | $50.09 | $97.03 | x |
| 2020-11-30 | $58.16 | $97.03 | x |
| 2021-11-30 | $67.89 | $97.03 | x |
| 2022-11-30 | $83.16 | $97.03 | x |
| 2023-11-30 | $93.82 | $97.03 | x |
| 2024-11-30 | $102.46 | $97.03 | x |
| 2025-11-30 | $85.20 | $97.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lennar Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.37%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.02%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.57x
- Recent ROE (9.37%) is below the historical average (10.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 8.23% | 5.04% | 0.69x | 2.35x | $-2.51 Million |
| 1986 | 8.29% | 5.62% | 0.67x | 2.20x | $-2.57 Million |
| 1987 | 11.20% | 6.94% | 0.62x | 2.62x | $2.47 Million |
| 1988 | 11.90% | 7.25% | 0.75x | 2.20x | $4.41 Million |
| 1989 | 10.85% | 6.38% | 0.51x | 3.35x | $2.19 Million |
| 1990 | 5.08% | 3.90% | 0.42x | 3.10x | $-13.27 Million |
| 1991 | 7.25% | 6.48% | 0.38x | 2.96x | $-8.02 Million |
| 1992 | 9.11% | 6.78% | 0.44x | 3.07x | $-2.83 Million |
| 1993 | 11.23% | 7.87% | 0.56x | 2.56x | $5.76 Million |
| 1994 | 12.96% | 8.46% | 0.63x | 2.42x | $15.79 Million |
| 1995 | 11.58% | 8.09% | 0.60x | 2.37x | $9.62 Million |
| 1996 | 12.65% | 7.45% | 0.67x | 2.54x | $18.45 Million |
| 1997 | 19.23% | 6.48% | 0.97x | 3.06x | $40.50 Million |
| 1998 | 20.13% | 5.96% | 1.26x | 2.68x | $72.53 Million |
| 1999 | 19.59% | 5.54% | 1.52x | 2.33x | $84.55 Million |
| 2000 | 18.65% | 4.87% | 1.25x | 3.08x | $106.28 Million |
| 2001 | 25.18% | 6.99% | 1.27x | 2.84x | $251.92 Million |
| 2002 | 24.45% | 7.53% | 1.26x | 2.58x | $322.21 Million |
| 2003 | 23.02% | 8.44% | 1.31x | 2.08x | $425.01 Million |
| 2004 | 23.33% | 9.01% | 1.15x | 2.26x | $540.32 Million |
| 2005 | 23.33% | 9.00% | 1.15x | 2.26x | $540.32 Million |
| 2006 | 10.42% | 3.65% | 1.31x | 2.18x | $23.73 Million |
| 2007 | -50.79% | -19.05% | 1.12x | 2.38x | $-2.32 Billion |
| 2008 | -42.28% | -24.24% | 0.62x | 2.83x | $-1.37 Billion |
| 2009 | -17.07% | -13.40% | 0.43x | 2.99x | $-661.49 Million |
| 2010 | 3.65% | 3.10% | 0.35x | 3.37x | $-165.63 Million |
| 2011 | 3.42% | 2.98% | 0.34x | 3.40x | $-177.45 Million |
| 2012 | 19.89% | 16.62% | 0.39x | 3.03x | $337.65 Million |
| 2013 | 11.51% | 8.07% | 0.53x | 2.70x | $62.78 Million |
| 2014 | 13.24% | 8.23% | 0.60x | 2.68x | $156.21 Million |
| 2015 | 14.21% | 8.48% | 0.66x | 2.55x | $238.00 Million |
| 2016 | 12.98% | 8.33% | 0.71x | 2.19x | $209.24 Million |
| 2017 | 10.30% | 6.41% | 0.67x | 2.38x | $23.25 Million |
| 2018 | 11.63% | 8.24% | 0.72x | 1.96x | $237.68 Million |
| 2019 | 11.59% | 8.31% | 0.76x | 1.84x | $254.10 Million |
| 2020 | 13.70% | 10.96% | 0.75x | 1.66x | $665.55 Million |
| 2021 | 21.28% | 16.33% | 0.82x | 1.60x | $2.35 Billion |
| 2022 | 19.15% | 13.70% | 0.89x | 1.58x | $2.20 Billion |
| 2023 | 14.82% | 11.50% | 0.87x | 1.48x | $1.28 Billion |
| 2024 | 14.11% | 11.08% | 0.86x | 1.48x | $1.15 Billion |
| 2025 | 9.37% | 6.02% | 0.99x | 1.57x | $-137.86 Million |
Industry Comparison
This section compares Lennar Corporation's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $2,241,860,400
- Average return on equity (ROE) among peers: -1.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lennar Corporation (LEN) | $22.14 Billion | 8.23% | 0.56x | $20.69 Billion |
| Auscrete Corp (ASCK) | $-17.40K | 0.00% | 0.00x | $6.25K |
| BDCC (BDCC) | $977.67K | -17.59% | 0.06x | $875.45K |
| Barratt Developments PLC (BTDPY) | $269.50 Million | 18.07% | 1.18x | $7.57 Billion |
| Vistry Group PLC (BVHMF) | $710.82 Million | 1.97% | 0.31x | $1.54 Billion |
| BVHMY (BVHMY) | $3.32 Billion | 6.48% | 0.83x | $1.44 Billion |
| Beazer Homes USA Inc (BZH) | $262.25 Million | -55.42% | 6.56x | $561.31 Million |
| Calgro M3 Holdings Limited (CLMHF) | $1.43 Billion | 11.51% | 1.28x | $27.19 Million |
| Cairn Homes plc (CNHHY) | $778.78 Million | 5.55% | 0.30x | $1.56 Billion |
| Consorcio ARA S. A. B. de C. V. (CNRFF) | $15.56 Billion | 4.41% | 0.56x | $85.90 Million |
| Cavco Industries Inc (CVCO) | $85.70 Million | 8.05% | 0.66x | $3.88 Billion |