Lennar Corporation

NYSE:LEN.B Stock Report

Market Cap: US$21.7b

Lennar Management

Management criteria checks 3/4

Lennar's CEO is Stuart Miller, appointed in Dec 2025, has a tenure of less than a year. total yearly compensation is $29.53M, comprised of 3.4% salary and 96.6% bonuses, including company stock and options. directly owns 9.8% of the company’s shares, worth $2.13B. The average tenure of the management team and the board of directors is 3.7 years and 12.9 years respectively.

Key information

Stuart Miller

Chief executive officer

US$29.5m

Total compensation

CEO salary percentage3.39%
CEO tenureless than a year
CEO ownership9.8%
Management average tenure3.7yrs
Board average tenure12.9yrs

Recent management updates

Recent updates

Seeking Alpha Jun 17

Lennar: Margin Pressures Weigh On A Mixed Q2

Summary Lennar's earnings and guidance were better than feared, but ongoing margin pressure and weak Sun Belt pricing keep me cautious about the stock. The company is sacrificing margins to support volumes through increased incentives, resulting in lower profits and persistent margin headwinds. Lennar's solid balance sheet supports buybacks and a secure dividend, but near-term stability depends on new orders in riskier markets. At 10.7x 2025 earnings, LEN isn't cheap for the sector; I maintain a 'hold' rating and see better opportunities elsewhere in homebuilders. Read the full article on Seeking Alpha
Seeking Alpha Sep 21

Lennar Corporation: Rating Upgrade As Orders Momentum Was A Positive Surprise

Summary Lennar Corporation's 3Q23 results show strong order growth, leading to a revision of the rating from hold to buy. The company's performance exceeded expectations, with operating EPS of $3.91 and robust order increases in multiple regions. Management's proactive approach to reducing cycle times and improving efficiency, along with a solid balance sheet, support positive near-term outlook and continued growth. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Stuart Miller's remuneration changed compared to Lennar's earnings?
DateTotal CompensationSalaryCompany Earnings
Feb 28 2026n/an/a

US$2b

Nov 30 2025US$30mUS$1m

US$2b

Aug 31 2025n/an/a

US$3b

May 31 2025n/an/a

US$3b

Feb 28 2025n/an/a

US$4b

Nov 30 2024US$30mUS$1m

US$4b

Aug 31 2024n/an/a

US$4b

May 31 2024n/an/a

US$4b

Feb 29 2024n/an/a

US$4b

Nov 30 2023US$34mUS$1m

US$4b

Aug 31 2023n/an/a

US$4b

May 31 2023n/an/a

US$4b

Feb 28 2023n/an/a

US$5b

Nov 30 2022US$35mUS$1m

US$5b

Aug 31 2022n/an/a

US$4b

May 31 2022n/an/a

US$4b

Feb 28 2022n/an/a

US$4b

Nov 30 2021US$39mUS$1m

US$4b

Aug 31 2021n/an/a

US$4b

May 31 2021n/an/a

US$3b

Feb 28 2021n/an/a

US$3b

Nov 30 2020US$25mUS$1m

US$2b

Aug 31 2020n/an/a

US$2b

May 31 2020n/an/a

US$2b

Feb 29 2020n/an/a

US$2b

Nov 30 2019US$21mUS$1m

US$2b

Compensation vs Market: Stuart's total compensation ($USD29.53M) is above average for companies of similar size in the US market ($USD14.79M).

Compensation vs Earnings: Stuart's compensation has been consistent with company performance over the past year.


CEO

Stuart Miller (67 yo)

less than a year
Tenure
US$29,527,931
Compensation

Mr. Stuart A. Miller serves as Executive Chairman at Five Point Holdings, LLC since October 1, 2021. He had been Director at Doma Holdings Inc. since January 2019 until 2024. Mr. Miller serves as Director...


Leadership Team

NamePositionTenureCompensationOwnership
Stuart Miller
Executive Chairmanless than a yearUS$29.53m9.8%
$ 2.1b
Diane Bessette
CFO & VP8.1yrsUS$8.28m0.14%
$ 30.2m
Katherine Martin
Chief Legal Officer & Corporate Secretaryless than a yearUS$8.02m0.023%
$ 4.9m
David Collins
VP & Controller18.3yrsUS$2.27m0.022%
$ 4.7m
Drew Holler
Chief HR Officer3.1yrsno datano data
Tench Tilghman
President of Pennsylvania & Delaware Markets6.6yrsno datano data
Anthony Mignone
Regional President6.6yrsno datano data
Jim Parker
Area President of Homebuilding & Landno datano datano data
David Grove
Area President of Homebuilding & Land4.3yrsno datano data
Chris Cassidy
Regional President3.7yrsno datano data
Scott Johnson
Regional President3.7yrsno datano data
Brad Reisinger
Regional President3.7yrsno datano data
3.7yrs
Average Tenure
59.5yo
Average Age

Experienced Management: LEN.B's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stuart Miller
Executive Chairman36.1yrsUS$29.53m9.8%
$ 2.1b
Sherrill Hudson
Independent Director18.3yrsUS$451.30k0.017%
$ 3.7m
Jeffrey Sonnenfeld
Independent Director20.7yrsUS$433.47k0.010%
$ 2.3m
Armando Olivera
Independent Lead Director11.3yrsUS$437.68k0.0082%
$ 1.8m
Amy Banse
Independent Director5.3yrsUS$299.96k0.0060%
$ 1.3m
Teri McClure
Independent Director12.9yrsUS$353.10k0.012%
$ 2.6m
Theron Gilliam
Independent Director15.9yrsUS$397.06k0.014%
$ 3.1m
Dacona Smith
Independent Director2.7yrsUS$289.96k0.0016%
$ 347.1k
Serena Wolfe
Independent Director2.7yrsUS$299.96k0.0016%
$ 353.7k
12.9yrs
Average Tenure
67yo
Average Age

Experienced Board: LEN.B's board of directors are seasoned and experienced ( 12.9 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 17:24
End of Day Share Price 2026/05/08 00:00
Earnings2026/02/28
Annual Earnings2025/11/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Lennar Corporation is covered by 34 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher GrajaArgus Research Company
Stephen KimBarclays
Matthew BouleyBarclays