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Lennar Corporation

Lennar Corporation

NYSE•LEN
CEO: Mr. Stuart A. Miller
セクター: Consumer Cyclical
業種: Residential Construction
上場日: 1980-03-17
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 Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title, insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. Lennar Corporation was founded in 1954 and is based in Miami, Florida.
連絡先情報
5505 Waterford District Drive, Miami, FL, 33126, United States
305-559-4000
www.lennar.com
時価総額
$31.52B
PER (TTM)
14.8
15.6
配当利回り
1.6%
52週高値
$144.24
52週安値
$98.42
52週レンジ
52%
順位28Top 16.1%
5.3
F-Score
改良版 Piotroski 分析
10年ファンダメンタル
堅調 • 5.3 / 9 ポイント
スコアレンジ (0-9)
8-9: 価値が優れている
6-7: 基礎体質が強い
4-5: 全体的に堅調
0-3: パフォーマンスが弱い
データ期間: 2016-2025

財務ダッシュボード

Q4 2025 データ

売上高

$9.37B-6.48%
直近4四半期の推移

EPS

$1.93-52.46%
直近4四半期の推移

フリーCF

$1.67B+79.42%
直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Home Delivery Volume Increased Home deliveries rose 3% to 82,583 units in FY2025, despite ASP falling 8% to $391,000.
Net Earnings Significantly Lowered Net earnings attributable to Lennar dropped to $2.08B in 2025 from $3.93B in 2024.
Land-Light Strategy Adoption Controlled homesites reached 98% of total inventory, up from 82% in 2024, accelerating land-light focus.
Homebuilding Margins Compressed Homebuilding gross margin fell to 17.7% in 2025, impacted by lower revenue per square foot.

リスク要因

Home Sales ASP Declining Average sales price dropped 8% to $391,000, requiring increased sales incentives to maintain pace.
Increased Leverage Position Homebuilding debt to total capital ratio increased to 15.7% in 2025, up from 7.5% last year.
Interest Rates Limit Affordability Continued high interest rates limit buyer financing ability, potentially decreasing demand for new homes.
Operational Cost Inflation Risks Inflation increases costs for capital, labor, and materials, pressuring operating margins in future periods.

見通し

Q1 2026 Margin Guidance Expect Q1 2026 operating margins between 15% and 16% on seasonally light sales volume.
Full Year 2026 Delivery Target Expect approximately 85,000 home deliveries for the full 2026 fiscal year, driven by efficient platform.
Technology Investment Focus Technology initiatives are key to absorbing required price reductions and increasing future profit levels when market normalizes.
Managing Liquidity and Debt Exploring transactions like debt issuance or stock repurchase to manage leverage and liquidity positions.

同業比較

売上高 (TTM)

Stellantis N.V.STLA
$349.65B
+5.3%
Lennar CorporationLEN
$34.13B
-3.8%
D.R. Horton, Inc.DHI
$33.52B
-8.6%

粗利益率 (最新四半期)

Rollins, Inc.ROL
47.5%
+0.5pp
Viking Holdings LtdVIK
43.6%
+1.4pp
Carnival Corporation & plcCUK
26.7%
-8.7pp

主要指標

銘柄コード
時価総額
PER (TTM)
ROE (TTM)
負債比率
DHI$48.84B14.713.8%16.0%
CCL$43.92B15.125.4%54.2%
CUK$41.43B15.125.4%54.2%

長期トレンド

直近4四半期
売上高
純利益
営業キャッシュフロー
4四半期売上高CAGR
7.1%
安定成長
4四半期純利益CAGR
-1.9%
収益性の安定
キャッシュフロー安定性
25%
キャッシュフローに注意が必要

深度リサーチ

次回決算:2026年3月18日
|
EPS:-
|
売上高:-
財務レポート
財務データ
全年度

  • Form 10-K - FY 2025

    会計期末: 2025年11月30日|提出日: 2026年1月28日|
    売上高: $34.19B-3.6%
    |
    EPS: $7.98-44.2%
    予想を上回る

  • Form 10-Q - Q3 2025

    会計期末: 2025年8月31日|提出日: 2025年10月3日|
    売上高: $8.80B-6.4%
    |
    EPS: $2.29-46.2%
    予想を上回る

  • Form 10-Q - Q2 2025

    会計期末: 2025年5月31日|提出日: 2025年7月1日|
    売上高: $8.35B-4.9%
    |
    EPS: $1.81-47.5%
    予想を下回る

  • Form 10-Q - Q1 2025

    会計期末: 2025年2月28日|提出日: 2025年4月4日|
    売上高: $7.62B+4.5%
    |
    EPS: $1.96-23.7%
    予想を上回る

  • Form 10-K - FY 2024

    会計期末: 2024年11月30日|提出日: 2025年1月23日|
    売上高: $35.48B+3.5%
    |
    EPS: $14.31+4.2%
    予想を上回る

  • Form 10-Q - Q3 2024

    会計期末: 2024年8月31日|提出日: 2024年10月2日|
    売上高: $9.39B+7.6%
    |
    EPS: $4.26+10.1%
    予想を上回る

  • Form 10-Q - Q2 2024

    会計期末: 2024年5月31日|提出日: 2024年6月28日|
    売上高: $8.78B+9.2%
    |
    EPS: $3.45+14.6%
    予想を上回る

  • Form 10-K/A - FY 2023

    会計期末: 2023年11月30日|提出日: 2024年4月25日|
    売上高: $34.29B+1.7%
    |
    EPS: $13.73-12.8%
    予想を上回る