Lennar (LEN) Capital Expenditures (2009 - 2026)
Lennar (LEN) reported Capital Expenditures of $18.86 million for fiscal Q2 2026 (quarter ended May 31, 2026), up 23.9% from $15.22 million a year earlier but down 37.1% from the prior quarter.
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Analysis
Lennar (LEN) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the twelve months ended May 31, 2026, Lennar's Capital Expenditures came in at $166.22 million, up 26.9% year-over-year; for FY2025 (ended Nov 30, 2025), it came in at $188.63 million, up 10.0% from FY2024.
- Capital Expenditures has increased for three consecutive fiscal years, with a five-year compound annual growth rate of 21.0% (FY2020 to FY2025).
- By fiscal year, Capital Expenditures came in at $171.5 million in FY2024 (+71.8%), $99.8 million in FY2023 (+74.4%), $57.21 million in FY2022 (-12.2%) and $65.17 million in FY2021 (-10.4%).
- Five-year quarterly Capital Expenditures spans a low of $5.09 million in fiscal Q2 2022 and a high of $85.21 million in fiscal Q4 2025.
- Year over year, Capital Expenditures gained in three of the last eight quarters, with growth averaging 5.8%.
- The high point for year-over-year Capital Expenditures in five years was fiscal Q2 2023 (growth of 408.2%); the low point was fiscal Q2 2022 (a decline of 67.8%).
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at $29.99 million (Q1 2026), $85.21 million (Q4 2025) and $32.17 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 38.33 Bn | 29.22 Bn | 2.15 Bn | 42.00 Mn |
| 2 | Pultegroup | 21.75 Bn | 15.04 Bn | 1.06 Bn | 29.90 Mn |
| 3 | Lennar | 17.19 Bn | 6.61 Bn | 807.31 Mn | 18.86 Mn |
| 4 | Nvr | 16.44 Bn | 9.72 Bn | 485.14 Mn | 6.15 Mn |
| 5 | Toll Brothers | 12.42 Bn | 7.81 Bn | 625.22 Mn | 30.70 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 9.96 Mn |
| 7 | Champion Homes | 4.74 Bn | 2.22 Bn | - | - |
| 8 | Cavco Industries | 4.34 Bn | 3.09 Bn | - | - |
| 9 | Meritage Homes | 4.10 Bn | 1.02 Bn | 513.60 Mn | 5.57 Mn |
| 10 | M | 3.42 Bn | 491.29 Mn | 235.50 Mn | 5.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 18.86 Mn |
| Feb 28, 2026 | 29.99 Mn |
| Nov 30, 2025 | 85.21 Mn |
| Aug 31, 2025 | 32.17 Mn |
| May 31, 2025 | 15.22 Mn |
| Feb 28, 2025 | 56.04 Mn |
| Nov 30, 2024 | 41.37 Mn |
| Aug 31, 2024 | 18.41 Mn |
| May 31, 2024 | 38.81 Mn |
| Feb 29, 2024 | 72.93 Mn |
| Nov 30, 2023 | 46.19 Mn |
| Aug 31, 2023 | 22.34 Mn |
| May 31, 2023 | 25.85 Mn |
| Feb 28, 2023 | 5.42 Mn |
| Nov 30, 2022 | 29.68 Mn |
| Aug 31, 2022 | 16.67 Mn |
| May 31, 2022 | 5.09 Mn |
| Feb 28, 2022 | 5.78 Mn |
| Nov 30, 2021 | 25.23 Mn |
| Aug 31, 2021 | 15.59 Mn |
API Access
Lennar Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=LEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "LEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=LEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();