PerpEquities

Equity

Lennar Corporation (LEN) perpetual futures

LEN perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade LENUSDT.

Lennar Corporation is a US homebuilder that builds and sells single-family attached and detached homes, develops residential land, and offers mortgage financing and title services.

$76.06+1.9%NYSE open
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Price chart

Interactive TradingView chart

TradingView symbol NYSE:LEN

Loads TradingView's third-party widget (about 1 MB) on demand.

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Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$548.5
Open interest
$123.2
Best liquidity
$631.9K
Bitget
Tightest spread
+11.8 bps
Bitget
Highest volume
$548.5
Bitget
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $457.3M
OI / float
0.00%
Float $15.7B
Spot performance
1D+1.93%
5D-7.58%
1M-3.91%
6M-12.74%
YTD-24.51%
1Y-34.19%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
BitgetTradeLEN/USDTTrading$76.060.0% APR
0.000% every 8h
+11.8 bps$631.9K$548.5$123.2USDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Thin liquidity · 1 of 1 venues absorb $10k · Typical cost: +13.0 bps

Cheapest execution: Bitget · +13.0 bps

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

LEN

Tightest spread

LEN

Highest volume

LEN

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 3h ago
Market cap
$19.3B
Updated 3h ago
Revenue
$32B
Trailing 12 months
Revenue growth
-8%
Next fiscal year
Profit margin
+4.1%
P/E
14.7
Peer P/E 20.9
Free cash flow
$811.3M
Trailing 12 months
More metrics
Net income
$1.3B
Trailing 12 months
P/S
0.6
Peer P/E
20.9
Similar listed perps
Revenue estimate
$31.5B
Next fiscal year
Earnings
2026-12-15
Revenue est. $8.7B · Updated 3h ago
Dividend
$0.5
2026-10-07

Fundamental detail

Annual + quarterly
Latest revenue$34.2B
Net margin+6.1%
Free cash flow$28.2M
Net debt$2.5B
2020$22.5B
2021$27.1B
2022$33.7B
2023$34.2B
2024$35.4B
2025$34.2B
PeriodRevenueGrowthNet incomeFCF
2020$22.5B+1%$2.5B$4.1B
2021$27.1B+21%$4.4B$2.5B
2022$33.7B+24%$4.6B$3.2B
2023$34.2B+2%$3.9B$5.1B
2024$35.4B+4%$3.9B$2.2B
2025$34.2B-4%$2.1B$28.2M
PeriodGross marginOperating marginNet marginROEROA
2020+15.4%+14.0%+11.0%+13.7%+8.2%
2021+20.4%+18.9%+16.3%+21.3%+13.3%
2022+21.4%+20.2%+13.7%+19.1%+12.1%
2023+17.4%+15.9%+11.5%+14.8%+10.0%
2024+15.5%+13.7%+11.1%+14.1%+9.5%
2025+9.9%+8.0%+6.1%+9.5%+6.0%
PeriodCashDebtNet debtCurrent ratio
2020$2.9B$7.5B$4.6B6.49
2021$2.9B$6.5B$3.6B5.06
2022$4.8B$6.4B$1.6B4.83
2023$6.6B$5.1B-$1.4B4.04
2024$5B$4.5B-$527.1M3.44
2025$3.8B$6.3B$2.5B3.12
PeriodMarket capEnterprise valueP/SP/E
2020$23.5B$28.1B1.09.6
2021$32.2B$35.8B1.27.4
2022$25.5B$27B0.85.6
2023$36.2B$34.8B1.19.3
2024$47.4B$46.9B1.312.2
2025$33.6B$36.1B1.016.3
Q4 2024$9.9B
Q1 2025$7.6B
Q2 2025$8.4B
Q3 2025$8.8B
Q4 2025$9.4B
Q1 2026$6.6B
Q2 2026$7.9B
Q3 2026$8B
PeriodRevenueGrowthNet incomeFCF
Q4 2024$9.9B-9%$1.1B$933.1M
Q1 2025$7.6B+4%$519.5M-$345.1M
Q2 2025$8.4B-4%$477.4M-$1.1B
Q3 2025$8.8B-6%$591M-$190.8M
Q4 2025$9.4B-6%$490.2M$1.7B
Q1 2026$6.6B-13%$229.4M-$358.5M
Q2 2026$7.9B-5%$308.1M-$303.2M
Q3 2026$8B-9%$283.9M-$201.3M
PeriodGross marginOperating marginNet marginROEROA
Q4 2024+15.6%+13.9%+11.0%+3.9%+2.7%
Q1 2025+11.3%+9.4%+6.8%+2.3%+1.5%
Q2 2025+9.6%+7.7%+5.7%+2.1%+1.4%
Q3 2025+10.1%+8.2%+6.7%+2.6%+1.7%
Q4 2025+8.9%+7.1%+5.2%+2.2%+1.4%
Q1 2026+5.9%+3.5%+3.5%+1.0%+0.7%
Q2 2026+6.2%+4.4%+3.9%+1.4%+0.9%
Q3 2026+16.6%+5.7%+3.5%+1.3%+0.9%
PeriodCashDebtNet debtCurrent ratio
Q4 2024$5B$4.5B-$527.1M3.44
Q1 2025$2.6B$3.9B$1.3B3.32
Q2 2025$1.5B$4.5B$3B3.68
Q3 2025$1.7B$5.7B$3.9B4.51
Q4 2025$3.8B$6.3B$2.5B3.12
Q1 2026$2.1B$4.3B$2.2B3.74
Q2 2026$1.8B$6.2B$4.4B4.66
Q3 2026$1.2B$4.3B$3.1B8.38
PeriodMarket capEnterprise valueP/SP/E
Q4 2024$46.6B$46.1B4.710.7
Q1 2025$31.4B$32.7B4.115.3
Q2 2025$27.7B$30.8B3.314.7
Q3 2025$34B$38B3.914.5
Q4 2025$32.9B$35.4B3.516.9
Q1 2026$28B$30.2B4.230.4
Q2 2026$21.9B$26.2B2.818.3
Q3 2026$20B$23.1B2.517.7

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$8BQ3 2026
$2.7B$5.5B$8.2B$11BQ4 2023: $11BQ1 2024: $7.3BQ2 2024: $8.8BQ3 2024: $9.4BQ4 2024: $9.9BQ1 2025: $7.6BQ2 2025: $8.4BQ3 2025: $8.8BQ4 2025: $9.4BQ1 2026: $6.6BQ2 2026: $7.9BQ3 2026: $8BQ4 2023Q3 2026
Net income$283.9MQ3 2026
$340.3M$680.6M$1B$1.4BQ4 2023: $1.4BQ1 2024: $719.3MQ2 2024: $954.3MQ3 2024: $1.2BQ4 2024: $1.1BQ1 2025: $519.5MQ2 2025: $477.4MQ3 2025: $591MQ4 2025: $490.2MQ1 2026: $229.4MQ2 2026: $308.1MQ3 2026: $283.9MQ4 2023Q3 2026
EBITDA$446.3MQ3 2026
$496.4M$992.7M$1.5B$2BQ4 2023: $2BQ1 2024: $957.9MQ2 2024: $1.3BQ3 2024: $1.6BQ4 2024: $1.5BQ1 2025: $729.6MQ2 2025: $675.7MQ3 2025: $824.9MQ4 2025: $718MQ1 2026: $335.8MQ2 2026: $503.8MQ3 2026: $446.3MQ4 2023Q3 2026
Free cash flow-$201.3MQ3 2026
-$196.9M$716.4M$1.6B$2.5BQ4 2023: $2.5BQ1 2024: $294.9MQ2 2024: $203MQ3 2024: $800.8MQ4 2024: $933.1MQ1 2025: -$345.1MQ2 2025: -$1.1BQ3 2025: -$190.8MQ4 2025: $1.7BQ1 2026: -$358.5MQ2 2026: -$303.2MQ3 2026: -$201.3MQ4 2023Q3 2026
EPS$1.19Q3 2026
$1.21$2.41$3.62$4.82Q4 2023: $4.82Q1 2024: $2.57Q2 2024: $3.45Q3 2024: $4.26Q4 2024: $4.06Q1 2025: $1.96Q2 2025: $1.81Q3 2025: $2.29Q4 2025: $1.93Q1 2026: $0.94Q2 2026: $1.23Q3 2026: $1.19Q4 2023Q3 2026
Cash / Debt$1.2BQ3 2026
$1.6B$3.3B$4.9B$6.6BQ4 2023 · Cash: $6.6BQ4 2023 · Debt: $5.1BQ1 2024 · Cash: $5.2BQ1 2024 · Debt: $4.5BQ2 2024 · Cash: $3.9BQ2 2024 · Debt: $3.8BQ3 2024 · Cash: $4.3BQ3 2024 · Debt: $4BQ4 2024 · Cash: $5BQ4 2024 · Debt: $4.5BQ1 2025 · Cash: $2.6BQ1 2025 · Debt: $3.9BQ2 2025 · Cash: $1.5BQ2 2025 · Debt: $4.5BQ3 2025 · Cash: $1.7BQ3 2025 · Debt: $5.7BQ4 2025 · Cash: $3.8BQ4 2025 · Debt: $6.3BQ1 2026 · Cash: $2.1BQ1 2026 · Debt: $4.3BQ2 2026 · Cash: $1.8BQ2 2026 · Debt: $6.2BQ3 2026 · Cash: $1.2BQ3 2026 · Debt: $4.3BQ4 2023Q3 2026
CashDebt
Profitability+16.6%Q3 2026
+6.2%+12.5%+18.7%+24.9%Q4 2023 · Gross margin: +24.9%Q1 2024 · Gross margin: +14.7%Q2 2024 · Gross margin: +15.9%Q3 2024 · Gross margin: +15.6%Q4 2024 · Gross margin: +15.6%Q1 2025 · Gross margin: +11.3%Q2 2025 · Gross margin: +9.6%Q3 2025 · Gross margin: +10.1%Q4 2025 · Gross margin: +8.9%Q1 2026 · Gross margin: +5.9%Q2 2026 · Gross margin: +6.2%Q3 2026 · Gross margin: +16.6%Q4 2023 · Operating margin: +17.4%Q1 2024 · Operating margin: +12.6%Q2 2024 · Operating margin: +14.1%Q3 2024 · Operating margin: +13.9%Q4 2024 · Operating margin: +13.9%Q1 2025 · Operating margin: +9.4%Q2 2025 · Operating margin: +7.7%Q3 2025 · Operating margin: +8.2%Q4 2025 · Operating margin: +7.1%Q1 2026 · Operating margin: +3.5%Q2 2026 · Operating margin: +4.4%Q3 2026 · Operating margin: +5.7%Q4 2023 · Net margin: +12.4%Q1 2024 · Net margin: +9.8%Q2 2024 · Net margin: +10.9%Q3 2024 · Net margin: +12.3%Q4 2024 · Net margin: +11.0%Q1 2025 · Net margin: +6.8%Q2 2025 · Net margin: +5.7%Q3 2025 · Net margin: +6.7%Q4 2025 · Net margin: +5.2%Q1 2026 · Net margin: +3.5%Q2 2026 · Net margin: +3.9%Q3 2026 · Net margin: +3.5%Q4 2023Q3 2026
Gross marginOperating marginNet margin
Revenue growth-8.7%Q3 2026
-8.9%-4.5%0.0%+4.4%Q4 2024: -9.3%Q1 2025: +4.4%Q2 2025: -4.4%Q3 2025: -6.4%Q4 2025: -5.8%Q1 2026: -13.3%Q2 2026: -5.2%Q3 2026: -8.7%Q4 2023Q3 2026
Shares outstanding237.8MQ3 2026
69.9M139.7M209.6M279.4MQ4 2023: 279.4MQ1 2024: 276.9MQ2 2024: 273.7MQ3 2024: 270.2MQ4 2024: 267.3MQ1 2025: 262.7MQ2 2025: 261.5MQ3 2025: 255.6MQ4 2025: 252.4MQ1 2026: 244.4MQ2 2026: 242.6MQ3 2026: 237.8MQ4 2023Q3 2026
Valuation17.7Q3 2026
7.615.222.830.4Q4 2023 · P/E: 6.6Q1 2024 · P/E: 15.4Q2 2024 · P/E: 11.6Q3 2024 · P/E: 10.7Q4 2024 · P/E: 10.7Q1 2025 · P/E: 15.3Q2 2025 · P/E: 14.7Q3 2025 · P/E: 14.5Q4 2025 · P/E: 16.9Q1 2026 · P/E: 30.4Q2 2026 · P/E: 18.3Q3 2026 · P/E: 17.7Q4 2023 · P/S: 3.3Q1 2024 · P/S: 6.0Q2 2024 · P/S: 5.0Q3 2024 · P/S: 5.2Q4 2024 · P/S: 4.7Q1 2025 · P/S: 4.1Q2 2025 · P/S: 3.3Q3 2025 · P/S: 3.9Q4 2025 · P/S: 3.5Q1 2026 · P/S: 4.2Q2 2026 · P/S: 2.8Q3 2026 · P/S: 2.5Q4 2023Q3 2026
P/EP/S
Revenue$34.2B2025
$8.9B$17.7B$26.6B$35.4B2018: $20.6B2019: $22.3B2020: $22.5B2021: $27.1B2022: $33.7B2023: $34.2B2024: $35.4B2025: $34.2B20182025
Net income$2.1B2025
$1.2B$2.3B$3.5B$4.6B2018: $1.7B2019: $1.8B2020: $2.5B2021: $4.4B2022: $4.6B2023: $3.9B2024: $3.9B2025: $2.1B20182025
EBITDA$3B2025
$1.5B$3.1B$4.6B$6.1B2018: $2.1B2019: $2.6B2020: $3.2B2021: $5.9B2022: $6.1B2023: $5.3B2024: $5.3B2025: $3B20182025
Free cash flow$28.2M2025
$1.3B$2.5B$3.8B$5.1B2018: $1.6B2019: $1.4B2020: $4.1B2021: $2.5B2022: $3.2B2023: $5.1B2024: $2.2B2025: $28.2M20182025
EPS$7.982025
$3.93$7.86$11.8$15.72018: $5.442019: $5.742020: $7.852021: $14.32022: $15.72023: $13.72024: $14.32025: $7.9820182025
Cash / Debt$3.8B2025
$2.5B$5.1B$7.6B$10.1B2018 · Cash: $1.6B2018 · Debt: $10.1B2019 · Cash: $1.5B2019 · Debt: $9.6B2020 · Cash: $2.9B2020 · Debt: $7.5B2021 · Cash: $2.9B2021 · Debt: $6.5B2022 · Cash: $4.8B2022 · Debt: $6.4B2023 · Cash: $6.6B2023 · Debt: $5.1B2024 · Cash: $5B2024 · Debt: $4.5B2025 · Cash: $3.8B2025 · Debt: $6.3B20182025
CashDebt
Profitability+9.9%2025
+5.3%+10.7%+16.0%+21.4%2018 · Gross margin: +11.3%2019 · Gross margin: +12.6%2020 · Gross margin: +15.4%2021 · Gross margin: +20.4%2022 · Gross margin: +21.4%2023 · Gross margin: +17.4%2024 · Gross margin: +15.5%2025 · Gross margin: +9.9%2018 · Operating margin: +9.7%2019 · Operating margin: +11.1%2020 · Operating margin: +14.0%2021 · Operating margin: +18.9%2022 · Operating margin: +20.2%2023 · Operating margin: +15.9%2024 · Operating margin: +13.7%2025 · Operating margin: +8.0%2018 · Net margin: +8.2%2019 · Net margin: +8.3%2020 · Net margin: +11.0%2021 · Net margin: +16.3%2022 · Net margin: +13.7%2023 · Net margin: +11.5%2024 · Net margin: +11.1%2025 · Net margin: +6.1%20182025
Gross marginOperating marginNet margin
Revenue growth-3.5%2025
+3.4%+10.3%+17.2%+24.1%2019: +8.2%2020: +1.0%2021: +20.6%2022: +24.1%2023: +1.7%2024: +3.5%2025: -3.5%20182025
Shares outstanding257.7M2025
79.6M159.2M238.8M318.4M2018: 308.6M2019: 318.4M2020: 309.4M2021: 306.6M2022: 289.8M2023: 283.3M2024: 272M2025: 257.7M20182025
Valuation16.32025
4.18.212.216.32018 · P/E: 7.82019 · P/E: 10.42020 · P/E: 9.62021 · P/E: 7.42022 · P/E: 5.62023 · P/E: 9.32024 · P/E: 12.22025 · P/E: 16.32018 · P/S: 0.62019 · P/S: 0.92020 · P/S: 1.02021 · P/S: 1.22022 · P/S: 0.82023 · P/S: 1.12024 · P/S: 1.32025 · P/S: 1.020182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-12-15
Revenue est. $8.7B · Updated 3h ago
Dividend
$0.5
2026-10-07

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20264.89$31.5B-8%10
FY 20275.34$32B-6%13
FY 20286.56$33.8B-1%10
Q1 20270.75$6.8B+3%6
Q2 20271.22$7.9B0%3
Q3 20271.41$8.6B+6%3

Company events

6
2026-12-15EarningsActual - / Estimate 1.48-
2026-10-07Dividend$0.5-
2026-09-16EarningsActual 1.23 / Estimate 1.28Miss
2026-07-10Dividend$0.5-
2026-06-11EarningsActual 1.24 / Estimate 1.24In line
2026-04-22Dividend$0.5-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering LEN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings102307
Analysts2130
Buy / hold / sell2 / 53 / 4785 / 164 / 58
Upgrades / downgrades / initiations0 / 8 / 53 / 22 / 8
Price targets hit / missed18 / 69 (21%)18 / 247 (7%)
Avg. return after a rating (TipRanks)-13.0%-36.8%
Best / worst call+23.2% / -43.4%+23.2% / -67.7%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Oct 6, 2026Jade RahmaniKBWSellMaintained$75.00
Oct 7, 2026Sam ReidWells FargoHoldReiterated$75.00
Oct 7, 2026Adam KramerMorgan StanleySellReiterated$65.00
Oct 6, 2026Unknown AnalystMelius ResearchSellInitiated$72.00
Oct 1, 2026Adam KramerMorgan StanleySellInitiated$65.00

TipRanks data via FMP · computed Oct 9, 2026 · 102 ratings

Frequently asked questions

Where can I trade LEN perpetual futures?

Lennar Corporation (LEN) perpetual futures trade on 1 crypto venues, including Bitget. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade LEN around the clock?

Yes. Unlike the underlying stock, LEN perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on LEN perpetuals?

Right now the LEN perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the LEN perp price compare to the Lennar Corporation stock?

The venue-median LEN perp mark is $76.1 versus a reference stock price of $76.1, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a LEN perpetual future?

A LEN perpetual is a derivative that tracks the price of Lennar Corporation with no expiry date. It lets you take long or short exposure to Lennar Corporation on crypto venues, around the clock.

What is LENUSDT perpetual?

LENUSDT is the symbol most crypto exchanges use for the Lennar Corporation perpetual settled in USDT (Tether). It tracks the LEN share price through an index, trades 24/7 with leverage and never expires.

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