Buyback yield (TTM)
4.66%
Shareholder yield (TTM)
6.50%
5Y share count change
-16.7%
Buyback spend (TTM)
$1.30B
Cumulative buybacks
$9.88B
Key takeaways
- Lennar (LEN) repurchased about $1.30B of stock over the trailing twelve months.
- Diluted share count is down 16.7% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 9.19× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +41.3% per year over the latest 5-year window.
Dividend & buyback yield over time for Lennar (LEN)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Lennar (LEN)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Lennar (LEN)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Lennar (LEN)
Latest: $1.81B
Overview
Lennar (LEN) most recent annual buyback spend stands at $1.81B (2025) – declined 19.9% year-over-year.
Across 2020–2025 (5 years), Lennar buyback spend produced a CAGR of +41.3% – with mixed annual results across the window.
Between 2024 and 2025, Lennar buyback spend declined 19.9%, falling from $2.26B to $1.81B.
The record annual buyback spend stands at $2.26B, reached in 2024; the historical low of $0.00 was recorded in 1989.
Lennar Buyback Spend 2025: $1.81B
In 2025, Lennar reported buyback spend of $1.81B, declined 19.9% below 2024.
Lennar Buyback Spend 2024: $2.26B
Lennar buyback spend in 2024 was $2.26B, surged 90.8% from 2023. This figure represents the highest annual value in the available history.
Lennar Buyback Spend 2023: $1.18B
2023's buyback spend for Lennar came in at $1.18B, grew 13.8% from 2022.
Lennar Buyback Spend 2022: $1.04B
Lennar posted buyback spend of $1.04B in 2022, declined 27.3% below 2021.
Lennar Buyback Spend 2021: $1.43B
Lennar buyback spend in 2021 was $1.43B.
See more financial history for Lennar (LEN).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.81B | $163.49M | $1.64B | 5.50% | 0.26B | -5.2% | |
| 2024 | $2.26B | $176.68M | $2.08B | 4.84% | 0.27B | -4.0% | |
| 2023 | $1.18B | $160.72M | $1.02B | 3.31% | 0.28B | -2.2% | |
| 2022 | $1.04B | $184.09M | $855.22M | 4.12% | 0.29B | -5.5% | |
| 2021 | $1.43B | $134.62M | $1.30B | 4.52% | 0.31B | -0.9% | |
| 2020 | $321.52M | $107.13M | $214.39M | 1.37% | 0.31B | -2.8% | |
| 2019 | $523.07M | $86.94M | $436.13M | 2.79% | 0.32B | +3.2% | |
| 2018 | $299.83M | $72.66M | $227.18M | 2.15% | 0.31B | +30.1% | |
| 2017 | $27.05M | $61.36M | −$34.30M | 0.18% | 0.24B | +0.8% | |
| 2016 | $19.90M | $55.52M | −$35.61M | 0.20% | 0.24B | -0.0% | |
| 2015 | $23.19M | $43.87M | −$20.68M | 0.21% | 0.24B | +1.1% | |
| 2014 | $20.42M | $40.72M | −$20.29M | 0.21% | 0.23B | +1.0% | |
| 2013 | $12.32M | $33.69M | −$21.37M | 0.18% | 0.23B | +3.3% | |
| 2012 | $17.15M | $31.75M | −$14.60M | 0.24% | 0.22B | +12.0% | |
| 2011 | $5.72M | $24.05M | −$18.32M | 0.17% | 0.20B | +3.4% | |
| 2010 | $1.81M | $28.07M | −$26.27M | 0.06% | 0.19B | +10.7% | |
| 2009 | $1.57M | $30.39M | −$28.83M | 0.07% | 0.17B | +7.7% | |
| 2008 | $1.76M | $0.00 | $1.76M | 0.17% | 0.16B | +0.5% | |
| 2007 | $3.97M | $0.00 | $3.97M | 0.16% | 0.16B | -2.0% | |
| 2006 | $323.23M | $0.00 | $323.23M | 3.82% | 0.16B | -2.3% | |
| 2005 | $289.28M | $0.00 | $289.28M | 3.18% | 0.17B | -0.7% | |
| 2004 | $113.58M | $0.00 | $113.58M | 1.57% | 0.17B | +2.7% | |
| 2003 | $1.04M | $0.00 | $1.04M | 0.01% | 0.16B | +4.0% | |
| 2002 | $65.00K | $0.00 | $65.00K | 0.00% | 0.16B | +1.5% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.16B | +10.5% | |
| 2000 | $152.93M | $0.00 | $152.93M | — | 0.14B | -0.1% | |
| 1999 | $6.00M | $0.00 | $6.00M | — | 0.14B | +19.8% | |
| 1998 | $0.00 | $0.00 | $0.00 | — | 0.12B | +52.9% | |
| 1997 | $0.00 | $0.00 | $0.00 | — | 0.08B | — | |
| 1996 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1993 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1992 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1991 | $300.00K | $0.00 | $300.00K | — | — | — | |
| 1990 | $1.40M | $0.00 | $1.40M | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$1.81B
- 2024$2.26B
- 2023$1.18B
- 2022$1.04B
- 2021$1.43B
- 2020$321.52M
- 2019$523.07M
- 2018$299.83M
- 2017$27.05M
- 2016$19.90M
- 2015$23.19M
- 2014$20.42M
- 2013$12.32M
- 2012$17.15M
- 2011$5.72M
- 2010$1.81M
- 2009$1.57M
- 2008$1.76M
- 2007$3.97M
- 2006$323.23M
- 2005$289.28M
- 2004$113.58M
- 2003$1.04M
- 2002$65.00K
- 2001$0.00
- 2000$152.93M
- 1999$6.00M
- 1998$0.00
- 1997$0.00
- 1996$0.00
- 1995$0.00
- 1994$0.00
- 1993$0.00
- 1992$0.00
- 1991$300.00K
- 1990$1.40M
- 1989$0.00
Buybacks vs stock-based compensation for Lennar (LEN)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 9.19×.
Buybacks vs dividends (share of cash returned) for Lennar (LEN)
How Lennar splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Lennar, ranked by their latest buyback spend.
| $6.44B | |
| $2.52B | |
| $2.06B | |
| $1.10B | |
| $211.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $6.44B
- $2.52B
- $2.06B
- $1.10B
- $211.00M
- $0.00
- $0.00
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $0.00 (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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