Lennar vs PulteGroup
Lennar reported revenue of $34.2 billion in fiscal 2025, 2.0 times PulteGroup's $17.3 billion in fiscal 2025. Lennar's revenue fell 3.5% in its latest year, and PulteGroup's fell 3.5%. Free cash flow was $28 million at Lennar and $1.7 billion at PulteGroup. Their fiscal years end in different months (November 30 and December 31), so the periods don't line up exactly.
Side by side
| Lennar | PulteGroup | |
|---|---|---|
| Latest fiscal year | FY2025, Nov 30, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $34.2B | $17.3B |
| Revenue growth | −3.5% | −3.5% |
| Revenue growth a year, last 5 years | 8.7% | 9.4% |
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 6.1% | 12.8% |
| Free cash flow | $28M | $1.7B |
| Free cash flow margin | 0.1% | 10.1% |
| Return on capital | 8.3% | 17.9% |
| Net debt to EBITDA | 0.7x | −0.1x |
| Dividends and buybacks | $2.3B | $1.4B |
| Change in diluted share count | −5.2% | −4.9% |
| Last close | $83.98 | $121.31 |
| P/E at the last close | 15.9× | 12.9× |
| Insider trades, last 12 months | bought $787.9 million, sold $0 | sold $26.4 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
LennarPulteGroup
Operating margin
Percent of revenue
LennarPulteGroup
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
LennarPulteGroup
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Lennar and PulteGroup pages.