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Side-by-side financial comparison of Allstate (ALL) and Lennar (LEN). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($17.3B vs $9.4B, roughly 1.9× Lennar). Allstate runs the higher net margin — 22.1% vs 5.2%, a 16.9% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (5.1% vs -5.8%). Allstate produced more free cash flow last quarter ($2.9B vs $1.7B). Over the past eight quarters, Lennar's revenue compounded faster (13.2% CAGR vs 6.6%).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
Lennar Corporation is an American home construction company based in Miami-Dade County, Florida. As of 2025, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single-family residential rental properties, luxury development, property technology with LenX, and mortgage lending from Lennar Mortgage.
ALL vs LEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $17.3B | $9.4B |
| Net Profit | $3.8B | $490.2M |
| Gross Margin | — | — |
| Operating Margin | — | 7.3% |
| Net Margin | 22.1% | 5.2% |
| Revenue YoY | 5.1% | -5.8% |
| Net Profit YoY | 98.8% | -55.3% |
| EPS (diluted) | $14.24 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $17.3B | $9.4B | ||
| Q3 25 | $17.3B | $8.8B | ||
| Q2 25 | $16.6B | $8.4B | ||
| Q1 25 | $16.5B | $7.6B | ||
| Q4 24 | $16.5B | $9.9B | ||
| Q3 24 | $16.6B | $9.4B | ||
| Q2 24 | $15.7B | $8.8B | ||
| Q1 24 | $15.3B | $7.3B |
| Q4 25 | $3.8B | $490.2M | ||
| Q3 25 | $3.7B | $591.0M | ||
| Q2 25 | $2.1B | $477.4M | ||
| Q1 25 | $595.0M | $519.5M | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $331.0M | $954.3M | ||
| Q1 24 | $1.2B | $719.3M |
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 12.7% |
| Q4 25 | 22.1% | 5.2% | ||
| Q3 25 | 21.7% | 6.7% | ||
| Q2 25 | 12.7% | 5.7% | ||
| Q1 25 | 3.6% | 6.8% | ||
| Q4 24 | 11.7% | 11.0% | ||
| Q3 24 | 7.2% | 12.3% | ||
| Q2 24 | 2.1% | 10.9% | ||
| Q1 24 | 8.0% | 9.8% |
| Q4 25 | $14.24 | — | ||
| Q3 25 | $13.95 | $2.29 | ||
| Q2 25 | $7.76 | $1.81 | ||
| Q1 25 | $2.11 | $1.96 | ||
| Q4 24 | $7.07 | $4.03 | ||
| Q3 24 | $4.33 | $4.26 | ||
| Q2 24 | $1.13 | $3.45 | ||
| Q1 24 | $4.46 | $2.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9B | $3.8B |
| Total DebtLower is stronger | $7.5B | $5.9B |
| Stockholders' EquityBook value | $30.6B | $22.0B |
| Total Assets | $119.8B | $34.4B |
| Debt / EquityLower = less leverage | 0.24× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9B | $3.8B | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $6.5B | — | ||
| Q4 24 | $4.5B | $4.9B | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $4.3B | — |
| Q4 25 | $7.5B | $5.9B | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $8.1B | $4.2B | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.1B | — | ||
| Q1 24 | $7.9B | — |
| Q4 25 | $30.6B | $22.0B | ||
| Q3 25 | $27.5B | $22.6B | ||
| Q2 25 | $24.0B | $22.6B | ||
| Q1 25 | $22.1B | $22.7B | ||
| Q4 24 | $21.4B | $27.9B | ||
| Q3 24 | $20.9B | $27.4B | ||
| Q2 24 | $18.6B | $26.9B | ||
| Q1 24 | $18.6B | $26.6B |
| Q4 25 | $119.8B | $34.4B | ||
| Q3 25 | $120.4B | $34.9B | ||
| Q2 25 | $115.9B | $34.4B | ||
| Q1 25 | $115.2B | $35.0B | ||
| Q4 24 | $111.6B | $41.3B | ||
| Q3 24 | $113.7B | $39.7B | ||
| Q2 24 | $108.4B | $38.7B | ||
| Q1 24 | $105.2B | $39.0B |
| Q4 25 | 0.24× | 0.27× | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | 0.15× | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $1.8B |
| Free Cash FlowOCF − Capex | $2.9B | $1.7B |
| FCF MarginFCF / Revenue | 16.7% | 17.9% |
| Capex IntensityCapex / Revenue | 0.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 0.78× | 3.59× |
| TTM Free Cash FlowTrailing 4 quarters | $9.9B | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $1.8B | ||
| Q3 25 | $3.3B | $-158.6M | ||
| Q2 25 | $1.9B | $-1.1B | ||
| Q1 25 | $2.0B | $-289.0M | ||
| Q4 24 | $1.7B | $974.5M | ||
| Q3 24 | $3.2B | $819.2M | ||
| Q2 24 | $2.4B | $241.8M | ||
| Q1 24 | $1.7B | $367.9M |
| Q4 25 | $2.9B | $1.7B | ||
| Q3 25 | $3.2B | $-190.8M | ||
| Q2 25 | $1.9B | $-1.1B | ||
| Q1 25 | $1.9B | $-345.1M | ||
| Q4 24 | $1.7B | $933.1M | ||
| Q3 24 | $3.1B | $800.8M | ||
| Q2 24 | $2.3B | $203.0M | ||
| Q1 24 | $1.6B | $294.9M |
| Q4 25 | 16.7% | 17.9% | ||
| Q3 25 | 18.8% | -2.2% | ||
| Q2 25 | 11.3% | -13.3% | ||
| Q1 25 | 11.4% | -4.5% | ||
| Q4 24 | 10.0% | 9.4% | ||
| Q3 24 | 18.9% | 8.5% | ||
| Q2 24 | 14.7% | 2.3% | ||
| Q1 24 | 10.6% | 4.0% |
| Q4 25 | 0.5% | 0.9% | ||
| Q3 25 | 0.3% | 0.4% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 0.6% | 0.7% | ||
| Q4 24 | 0.3% | 0.4% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 0.4% | 0.4% | ||
| Q1 24 | 0.3% | 1.0% |
| Q4 25 | 0.78× | 3.59× | ||
| Q3 25 | 0.88× | -0.27× | ||
| Q2 25 | 0.89× | -2.29× | ||
| Q1 25 | 3.30× | -0.56× | ||
| Q4 24 | 0.88× | 0.89× | ||
| Q3 24 | 2.69× | 0.70× | ||
| Q2 24 | 7.13× | 0.25× | ||
| Q1 24 | 1.37× | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
LEN
| Lennar Homebuilding East Central West Houstonand Other | $8.9B | 95% |
| Lennar Financial Services | $308.8M | 3% |
| Lennar Multifamily | $158.7M | 2% |
| Lennar Other | $14.8M | 0% |
| Homebuilding Other Regions | $3.9M | 0% |
