Lennar (LEN) Change in Inventory (2009 - 2026)

Lennar's (LEN) quarterly Change in Inventory came in at $652.0 million in Q1 2026, up 27.03% year-on-year from $513.3 million in Q1 2025, and up 156.01% quarter-over-quarter from -$1.2 billion in Q4 2025.

Lennar (LEN) Change in Inventory (2009 - 2026) Analysis & Trends

Lennar has disclosed Change in Inventory across 18 years of filings, most recently posting $652.0 million for Q1 2026.

  • Change in Inventory for Q1 2026 came in at $652.0 million, up 27.03% year-over-year; the trailing twelve-month figure through Feb 2026 was $289.7 million (down 43.57% YoY), and the FY2025 annual result was $150.9 million, down 47.06% from the prior year.
  • Change in Inventory came in at $652.0 million for Q1 2026 at Lennar, up from -$1.2 billion in the prior quarter.
  • In the past five years, Change in Inventory ranged from a high of $1.9 billion in Q1 2022 to a low of -$2.2 billion in Q4 2022.
  • The 5-year median for Change in Inventory is $156.2 million (2023), against an average of $30.9 million.
  • Across the five-year window, Change in Inventory surged 300.25% in 2024 and plunged 504.66% in 2025, its largest moves.
  • Lennar's Change in Inventory stood at -$2.2 billion in 2022, then grew by 1.63% to -$2.1 billion in 2023, then jumped by 80.31% to -$422.6 million in 2024, then plunged by 175.44% to -$1.2 billion in 2025, then jumped by 156.01% to $652.0 million in 2026.
  • The last three Change in Inventory figures came in at $652.0 million (Q1 2026), -$1.2 billion (Q4 2025), and -$309.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Horton D R 43.54 Bn 42.20 Bn 1.70 Bn 1.28 Bn
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 376.39 Mn
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn 652.02 Mn
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 214.95 Mn
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 175.80 Mn
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 127.34 Mn
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 2.10 Mn
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 -34.05 Mn
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn -15.74 Mn
10 Champion Homes 4.39 Bn 3.74 Bn 172.19 Mn -11.15 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 652.02 Mn
Feb 28, 2026 652.02 Mn
Nov 30, 2025 -1.16 Bn
Nov 30, 2025 -1.16 Bn
Aug 31, 2025 -309.65 Mn
Aug 31, 2025 -309.65 Mn
May 31, 2025 1.11 Bn
May 31, 2025 1.11 Bn
Feb 28, 2025 513.26 Mn
Feb 28, 2025 513.26 Mn
Nov 30, 2024 -422.61 Mn
Nov 30, 2024 -422.61 Mn
Aug 31, 2024 76.52 Mn
Aug 31, 2024 76.52 Mn
May 31, 2024 346.16 Mn
May 31, 2024 346.16 Mn
Feb 29, 2024 285.02 Mn
Feb 29, 2024 285.02 Mn
Nov 30, 2023 -2.15 Bn
Nov 30, 2023 -2.15 Bn