Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding South Central, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and …
Full LEN-B analysis →
Competitive advantage assessment
Key strengths
Strong Liquidity BufferLiquidity position is strong (score 0.62), providing operational cushion.
Key risks
Commodity Pressure / Weak DifferentiationGross margin at 9.5th percentile with high volatility suggests weak pricing power or commoditized products.
Lennar Corporation ranks #16 of 22
scored companies in Residential Construction by moat score — the top 73%.
The widest moat in the group is PulteGroup, Inc. (PHM)
at 80/100.
Moat scores for companies ranked near LEN-B in Residential Construction
How LEN-B scores on the Corporate Default defenses
Pricing Power
Score 24
· 20% of the moat score
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 69
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 45
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 54
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 58
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 22
· 15% of the moat score
Scale matters only when it converts into economics.
Lennar Corporation (LEN-B) scores 44 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #16 of 22 scored companies in Residential Construction, the top 73%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 21 companies in Residential Construction. Its strongest defense is Cost Advantage (69/100) and its weakest is Scale & Market Position (22/100).
How does Lennar Corporation compare with other Residential Construction companies?
Lennar Corporation ranks #16 of 22 scored companies in Residential Construction by moat score. The widest moat in Residential Construction is PulteGroup, Inc. (PHM) at 80/100. The companies ranked closest are Tri Pointe Homes, Inc. (TPH) at 44 just above it and Dream Finders Homes, Inc. (DFH) at 37 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 21 companies in Residential Construction. The defenses are then weighted to produce the overall score out of 100.
Why is Lennar Corporation scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Lennar Corporation?
The Corporate Default template measures 6 defenses, and LEN-B scores: Pricing Power (24), Cost Advantage (69), Customer Stickiness (45), Capital Efficiency (54), Resilience (58), Scale & Market Position (22). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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