Lennar (LEN) Shares Outstanding (Diluted) (2009 - 2026)
Lennar (LEN) reported Shares Outstanding (Diluted) of 237.76 million for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 7.0% from 255.6 million a year earlier and down 1.3% from the prior quarter.
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Analysis
Lennar (LEN) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025 (ended Nov 30, 2025), Lennar posted Shares Outstanding (Diluted) of 255.6 million, down 6.0% from FY2024.
- Shares Outstanding (Diluted) has declined for six consecutive fiscal years, with a five-year compound annual growth rate of -3.7% (FY2020 to FY2025).
- By fiscal year, Shares Outstanding (Diluted) came in at 272.02 million in FY2024 (-4.0%), 283.32 million in FY2023 (-2.2%), 289.82 million in FY2022 (-5.5%) and 306.61 million in FY2021 (-0.9%).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Shares Outstanding (Diluted) since fiscal Q4 2017.
- Year over year, Shares Outstanding (Diluted) has now declined in each of the last 21 quarters, with an average decline of 5.9% over the last eight quarters.
- Over the past five years, the year-over-year decline in Shares Outstanding (Diluted) ranged from 0.9% (fiscal Q4 2021) to 7.5% (fiscal Q2 2026).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 240.78 million (Q2 2026), 244.44 million (Q1 2026) and 255.6 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.23 Bn | 29.53 Bn | 2.15 Bn | 283.00 Mn |
| 2 | Pultegroup | 21.49 Bn | 14.78 Bn | 1.06 Bn | 190.58 Mn |
| 3 | Lennar | 18.48 Bn | 8.85 Bn | 618.54 Mn | 237.76 Mn |
| 4 | Nvr | 15.99 Bn | 9.28 Bn | 485.14 Mn | 2.82 Mn |
| 5 | Toll Brothers | 12.69 Bn | 8.07 Bn | 625.22 Mn | 94.45 Mn |
| 6 | Champion Homes | 4.23 Bn | 1.71 Bn | - | 56.28 Mn |
| 7 | Cavco Industries | 4.02 Bn | 2.77 Bn | - | 7.89 Mn |
| 8 | Meritage Homes | 3.91 Bn | 831.07 Mn | 513.60 Mn | 66.13 Mn |
| 9 | M | 2.95 Bn | 20.36 Mn | 235.50 Mn | 26.19 Mn |
| 10 | Kb Home | 2.62 Bn | 1.82 Bn | -857.09 Mn | 61.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 237.76 Mn |
| May 31, 2026 | 240.78 Mn |
| Feb 28, 2026 | 244.44 Mn |
| Nov 30, 2025 | 255.60 Mn |
| Aug 31, 2025 | 255.60 Mn |
| May 31, 2025 | 260.29 Mn |
| Feb 28, 2025 | 262.73 Mn |
| Nov 30, 2024 | 272.02 Mn |
| Aug 31, 2024 | 270.16 Mn |
| May 31, 2024 | 273.70 Mn |
| Feb 29, 2024 | 276.95 Mn |
| Nov 30, 2023 | 283.32 Mn |
| Aug 31, 2023 | 282.85 Mn |
| May 31, 2023 | 284.91 Mn |
| Feb 28, 2023 | 286.07 Mn |
| Nov 30, 2022 | 289.82 Mn |
| Aug 31, 2022 | 288.11 Mn |
| May 31, 2022 | 289.90 Mn |
| Feb 28, 2022 | 293.93 Mn |
| Nov 30, 2021 | 306.61 Mn |
API Access
Lennar Shares Outstanding (Diluted) 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=shares-outstanding-diluted&ticker=LEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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=shares-outstanding-diluted&ticker=LEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();