Lennar
Lennar returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
The reported inputs required for this metric are unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Aug 31, 2026 | — | — | — | 5.87% | — | — |
| FY 2026 Q2 | May 31, 2026 | — | — | — | 7.24% | 4.75% | — |
| FY 2026 Q1 | Feb 28, 2026 | — | — | — | 7.94% | 5.24% | — |
| FY 2025 Q4 | Nov 30, 2025 | 8.36% | — | — | 8.26% | 5.49% | 0.7 pp |
| FY 2025 Q3 | Aug 31, 2025 | — | — | — | 10.63% | 7.19% | — |
| FY 2025 Q2 | May 31, 2025 | — | — | — | 13.04% | 8.92% | — |
| FY 2025 Q1 | Feb 28, 2025 | — | — | — | 14.97% | 10.1% | — |
| FY 2024 Q4 | Nov 30, 2024 | — | — | — | 14.3% | 9.76% | — |
| FY 2024 Q3 | Aug 31, 2024 | — | — | — | 15.65% | 10.88% | — |
| FY 2024 Q2 | May 31, 2024 | — | — | — | 15.79% | 10.97% | — |
| FY 2024 Q1 | Feb 29, 2024 | — | — | — | 15.71% | 10.75% | — |
| FY 2023 Q4 | Nov 30, 2023 | — | — | — | 15.35% | 10.2% | — |
| FY 2023 Q3 | Aug 31, 2023 | — | — | — | 15.84% | 10.72% | — |
| FY 2023 Q2 | May 31, 2023 | — | — | — | 18.06% | 11.97% | — |
| FY 2023 Q1 | Feb 28, 2023 | — | — | — | 20.64% | 13.6% | — |
| FY 2022 Q4 | Nov 30, 2022 | — | — | — | 20.31% | 12.96% | — |
| FY 2022 Q3 | Aug 31, 2022 | — | — | — | 20.31% | 13.17% | — |
| FY 2022 Q2 | May 31, 2022 | — | — | — | 21.23% | 13.5% | — |
| FY 2022 Q1 | Feb 28, 2022 | — | — | — | 19.64% | 12.45% | — |
| FY 2021 Q4 | Nov 30, 2021 | — | — | — | 22.56% | 14.03% | — |
| FY 2021 Q3 | Aug 31, 2021 | 18.75% | — | 122.28% | 21.59% | 13.29% | 11.1 pp |
| FY 2021 Q2 | May 31, 2021 | 15.65% | — | — | 18.55% | 11.17% | 7.9 pp |
| FY 2021 Q1 | Feb 28, 2021 | 14.25% | — | — | 17.41% | 10.27% | 6.6 pp |
| FY 2020 Q4 | Nov 30, 2020 | 11.75% | — | — | 14.36% | 8.31% | 4.1 pp |
| FY 2020 Q3 | Aug 31, 2020 | — | — | — | 13.75% | 7.68% | — |
| FY 2020 Q2 | May 31, 2020 | — | — | — | 13.17% | 7.14% | — |
| FY 2020 Q1 | Feb 29, 2020 | — | — | — | 12.94% | 6.93% | — |
| FY 2019 Q4 | Nov 30, 2019 | — | — | — | 12.01% | 6.38% | — |
| FY 2019 Q3 | Aug 31, 2019 | — | — | — | 13.34% | 6.83% | — |
| FY 2019 Q2 | May 31, 2019 | — | — | — | 13.23% | 6.6% | — |
| FY 2019 Q1 | Feb 28, 2019 | — | — | — | 12.86% | 6.35% | — |
| FY 2018 Q4 | Nov 30, 2018 | — | — | — | 14.97% | 7.17% | — |
| FY 2018 Q3 | Aug 31, 2018 | — | — | — | 11.13% | 5.35% | — |
| FY 2018 Q2 | May 31, 2018 | — | — | — | 9.55% | 4.46% | — |
| FY 2018 Q1 | Feb 28, 2018 | — | — | — | 8.95% | 4.11% | — |
| FY 2017 Q4 | Nov 30, 2017 | — | — | — | 10.78% | 4.75% | — |
| FY 2017 Q3 | Aug 31, 2017 | — | — | — | 11.48% | 5.1% | — |
| FY 2017 Q2 | May 31, 2017 | — | — | — | 11.85% | 5.07% | — |
| FY 2017 Q1 | Feb 28, 2017 | — | — | — | 12.39% | 5.3% | — |
| FY 2016 Q4 | Nov 30, 2016 | — | — | — | 14.24% | 6.12% | — |
| FY 2016 Q3 | Aug 31, 2016 | — | — | — | 14.68% | 6.03% | — |
| FY 2016 Q2 | May 31, 2016 | — | — | — | 15.3% | 6.04% | — |
| FY 2016 Q1 | Feb 29, 2016 | — | — | — | 15.34% | 6.09% | — |
| FY 2015 Q4 | Nov 30, 2015 | — | — | — | 15.16% | 5.87% | — |
| FY 2015 Q3 | Aug 31, 2015 | — | — | — | 15.31% | 5.79% | — |
| FY 2015 Q2 | May 31, 2015 | — | — | — | 15% | 5.57% | — |
| FY 2015 Q1 | Feb 28, 2015 | — | — | — | 14.56% | 5.48% | — |
| FY 2014 Q4 | Nov 30, 2014 | — | — | — | 14.03% | 5.27% | — |
| FY 2014 Q3 | Aug 31, 2014 | — | — | — | 13.33% | 4.79% | — |
| FY 2014 Q2 | May 31, 2014 | — | — | — | 12.43% | 4.45% | — |
| FY 2014 Q1 | Feb 28, 2014 | — | — | — | 12.78% | 4.56% | — |
| FY 2013 Q4 | Nov 30, 2013 | — | — | — | 12.47% | 4.43% | — |
| FY 2013 Q3 | Aug 31, 2013 | — | — | — | 12.47% | 4.24% | — |
| FY 2013 Q2 | May 31, 2013 | — | — | — | 11.9% | 4.1% | — |
| FY 2013 Q1 | Feb 28, 2013 | — | — | — | 22.92% | 7.48% | — |
| FY 2012 Q4 | Nov 30, 2012 | — | — | — | 21.87% | 6.96% | — |
| FY 2012 Q3 | Aug 31, 2012 | — | — | — | 19.41% | 6.34% | — |
| FY 2012 Q2 | May 31, 2012 | — | — | — | 17.55% | 5.75% | — |
| FY 2012 Q1 | Feb 29, 2012 | — | — | — | 2.96% | 0.91% | — |
| FY 2011 Q4 | Nov 30, 2011 | — | — | — | 3.43% | 1.03% | — |
| FY 2011 Q3 | Aug 31, 2011 | — | — | — | 3.62% | 1.11% | — |
| FY 2011 Q2 | May 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q1 | Feb 28, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Nov 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Aug 31, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · LEN, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.