Lennar (LEN) Change in Inventory (2009 - 2026)
Lennar's Change in Inventory came in at $436.85 million for fiscal Q2 2026 (quarter ended May 31, 2026), down 60.7% from $1.11 billion a year earlier and down 33.0% from the prior quarter.
Powered by 
Analysis
Lennar (LEN) Change in Inventory (2009 - 2026) Analysis & Trends
Over the trailing twelve months to May 31, 2026, Lennar reported Change in Inventory of -$384.81 million; for FY2025 (ended Nov 30, 2025), it came in at $150.92 million, down 47.1% from FY2024.
- Going back by fiscal year, Change in Inventory was $285.1 million in FY2024, -$2.27 billion in FY2023, $1.71 billion in FY2022 (+44.6%) and $1.18 billion in FY2021.
- The five-year range for quarterly Change in Inventory is -$2.18 billion (fiscal Q4 2022) to $1.91 billion (fiscal Q1 2022).
- Year-over-year, Change in Inventory increased in three of the last four quarters, with growth averaging 66.9%.
- The fastest year-over-year change in Change in Inventory over five years came in fiscal Q2 2025 (growth of 221.0%), and the weakest in fiscal Q1 2023 (a decline of 91.8%).
- Business Quant data shows LEN's Change in Inventory at $652.02 million (Q1 2026), -$1.16 billion (Q4 2025) and -$309.65 million (Q3 2025) in the three fiscal quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 38.33 Bn | 29.22 Bn | 2.15 Bn | 532.90 Mn |
| 2 | Pultegroup | 21.75 Bn | 15.04 Bn | 1.06 Bn | 430.91 Mn |
| 3 | Lennar | 17.19 Bn | 6.61 Bn | 807.31 Mn | 436.85 Mn |
| 4 | Nvr | 16.44 Bn | 9.72 Bn | 485.14 Mn | 296.78 Mn |
| 5 | Toll Brothers | 12.42 Bn | 7.81 Bn | 625.22 Mn | 328.54 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 4.76 Bn | 290.64 Mn | 127.34 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 | -98.28 Mn |
| 10 | M | 3.42 Bn | 491.29 Mn | 235.50 Mn | 117.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 436.85 Mn |
| Feb 28, 2026 | 652.02 Mn |
| Nov 30, 2025 | -1.16 Bn |
| Aug 31, 2025 | -309.65 Mn |
| May 31, 2025 | 1.11 Bn |
| Feb 28, 2025 | 513.26 Mn |
| Nov 30, 2024 | -422.61 Mn |
| Aug 31, 2024 | 76.52 Mn |
| May 31, 2024 | 346.16 Mn |
| Feb 29, 2024 | 285.02 Mn |
| Nov 30, 2023 | -2.15 Bn |
| Aug 31, 2023 | -38.21 Mn |
| May 31, 2023 | -245.33 Mn |
| Feb 28, 2023 | 156.23 Mn |
| Nov 30, 2022 | -2.18 Bn |
| Aug 31, 2022 | 779.81 Mn |
| May 31, 2022 | 1.20 Bn |
| Feb 28, 2022 | 1.91 Bn |
| Nov 30, 2021 | -1.07 Bn |
| Aug 31, 2021 | 676.40 Mn |
API Access
Lennar Change in Inventory 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=change-in-inventory&ticker=LEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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=change-in-inventory&ticker=LEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();