How Does Lennar Stock Compare With Peers?

LEN: Lennar logo
LEN
Lennar

Lennar‘s stock recorded a -5% return over the past year, trailing most of its homebuilder peers as of January 12, 2026. A closer look reveals a moderate valuation (PE 11.51), but with weak LTM revenue growth (-4.65%), the lowest operating margin (9.98%), and a negative free cash flow margin (-2.05%), suggesting a challenging short-term outlook compared to more financially robust rivals like PulteGroup and D.R. Horton.

  • LEN’s 10.0% operating margin, lowest among peers, suggests cost control challenges versus PHM’s 19.3% from disciplined efficiency.
  • LEN’s -4.7% revenue decline signals market segment exposure/demand weakness; it trails PHM, NVR, TOL but beats DHI, MTH.
  • LEN stock is down 5.1% in 1 year, underperforming all peers, trading at a 11.5 PE, reflecting investor concern on rates/demand.

Here’s how Lennar stacks up across size, valuation, and profitability versus key peers.

  LEN DHI PHM NVR TOL MTH
Market Cap ($ Bil) 30.9 47.3 26.2 21.8 14.2 5.4
Revenue ($ Bil) 34.8 34.3 17.6 10.5 11.0 6.0
PE Ratio 11.5 13.2 10.0 15.2 10.6 9.9
LTM Revenue Growth -4.7% -6.9% 1.8% 3.4% 1.1% -6.0%
LTM Operating Margin 10.0% 12.9% 19.3% 17.0% 15.7% 10.9%
LTM FCF Margin -2.1% 9.6% 8.8% 12.3% 9.4% -4.2%
12M Market Return -5.1% 18.4% 24.8% -3.2% 20.0% 5.4%

For more details on Lennar, read Buy or Sell LEN Stock. Below we compare LEN’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2025 2024 2023 2022
LEN -4.7% 3.5% 1.7% 24.1%
DHI -6.9% -6.9% 3.8% 5.9%  
PHM 1.8% 11.7% 0.4% 16.5%
NVR 3.4% 10.6% -9.5% 17.6%
TOL 1.1% 1.1% 8.5% -2.7%  
MTH -6.0% 4.2% -2.5% 22.4%

Operating Margin Comparison

  LTM 2025 2024 2023 2022
LEN 10.0% 13.7% 15.9% 20.2%
DHI 12.9% 12.9% 16.1% 17.2%  
PHM 19.3% 21.7% 21.1% 21.5%
NVR 17.0% 18.9% 18.9% 21.4%
TOL 15.7% 15.7% 18.8% 17.3%  
MTH 10.9% 15.0% 14.7% 20.4%

PE Ratio Comparison

  LTM 2025 2024 2023 2022
LEN 11.5 7.1 9.8 9.4
DHI 13.2 12.4 9.7 10.9  
PHM 10.0 7.9 9.2 9.3
NVR 15.2 13.5 16.6 13.3
TOL 10.6 9.9 8.3 8.2  
MTH 9.9 6.1 7.6 6.4

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