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Side-by-side financial comparison of CBRE Group (CBRE) and Lennar (LEN). Click either name above to swap in a different company.
CBRE Group is the larger business by last-quarter revenue ($10.5B vs $9.4B, roughly 1.1× Lennar). Lennar runs the higher net margin — 5.2% vs 3.0%, a 2.2% gap on every dollar of revenue. On growth, CBRE Group posted the faster year-over-year revenue change (22.0% vs -5.8%). Lennar produced more free cash flow last quarter ($1.7B vs $-605.0M). Over the past eight quarters, Lennar's revenue compounded faster (13.2% CAGR vs 13.0%).
CBRE can refer to:Canadian Brotherhood of Railway Employees, a railway trade union in Canada Chemical, Biological, Radiological and Explosive Defence Group, a counter-terrorism unit in Singapore CBRE Group, a multinational real estate corporation Certified broadcast radio engineer, a professional title regulated by The Society of Broadcast Engineers
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.
CBRE vs LEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.5B | $9.4B |
| Net Profit | $318.0M | $490.2M |
| Gross Margin | 17.6% | — |
| Operating Margin | 4.9% | 7.3% |
| Net Margin | 3.0% | 5.2% |
| Revenue YoY | 22.0% | -5.8% |
| Net Profit YoY | 95.1% | -55.3% |
| EPS (diluted) | — | — |
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.
| Q1 26 | $10.5B | — | ||
| Q4 25 | $11.5B | $9.4B | ||
| Q3 25 | $10.1B | $8.8B | ||
| Q2 25 | $9.6B | $8.4B | ||
| Q1 25 | $8.8B | $7.6B | ||
| Q4 24 | $10.2B | $9.9B | ||
| Q3 24 | $8.8B | $9.4B | ||
| Q2 24 | $8.2B | $8.8B |
| Q1 26 | $318.0M | — | ||
| Q4 25 | $416.0M | $490.2M | ||
| Q3 25 | $363.0M | $591.0M | ||
| Q2 25 | $215.0M | $477.4M | ||
| Q1 25 | $163.0M | $519.5M | ||
| Q4 24 | $487.0M | $1.1B | ||
| Q3 24 | $225.0M | $1.2B | ||
| Q2 24 | $130.0M | $954.3M |
| Q1 26 | 17.6% | — | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 17.1% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 18.1% | — | ||
| Q2 24 | 17.6% | — |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 5.4% | 7.3% | ||
| Q3 25 | 4.8% | 9.0% | ||
| Q2 25 | 3.9% | 7.7% | ||
| Q1 25 | 3.1% | 9.1% | ||
| Q4 24 | 5.8% | 14.7% | ||
| Q3 24 | 4.2% | 16.3% | ||
| Q2 24 | 3.0% | 14.4% |
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.6% | 5.2% | ||
| Q3 25 | 3.6% | 6.7% | ||
| Q2 25 | 2.2% | 5.7% | ||
| Q1 25 | 1.9% | 6.8% | ||
| Q4 24 | 4.8% | 11.0% | ||
| Q3 24 | 2.5% | 12.3% | ||
| Q2 24 | 1.6% | 10.9% |
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | — | ||
| Q3 25 | $1.21 | $2.29 | ||
| Q2 25 | $0.72 | $1.81 | ||
| Q1 25 | $0.54 | $1.96 | ||
| Q4 24 | $1.58 | $4.03 | ||
| Q3 24 | $0.73 | $4.26 | ||
| Q2 24 | $0.42 | $3.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.7B | $3.8B |
| Total DebtLower is stronger | $5.1B | $5.9B |
| Stockholders' EquityBook value | $8.9B | $22.0B |
| Total Assets | $30.2B | $34.4B |
| Debt / EquityLower = less leverage | 0.57× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $3.8B | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.1B | $4.9B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $928.0M | — |
| Q1 26 | $5.1B | — | ||
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $8.9B | — | ||
| Q4 25 | $8.9B | $22.0B | ||
| Q3 25 | $8.5B | $22.6B | ||
| Q2 25 | $8.3B | $22.6B | ||
| Q1 25 | $8.3B | $22.7B | ||
| Q4 24 | $8.4B | $27.9B | ||
| Q3 24 | $8.7B | $27.4B | ||
| Q2 24 | $8.4B | $26.9B |
| Q1 26 | $30.2B | — | ||
| Q4 25 | $30.9B | $34.4B | ||
| Q3 25 | $28.6B | $34.9B | ||
| Q2 25 | $27.7B | $34.4B | ||
| Q1 25 | $26.4B | $35.0B | ||
| Q4 24 | $24.4B | $41.3B | ||
| Q3 24 | $24.8B | $39.7B | ||
| Q2 24 | $23.5B | $38.7B |
| Q1 26 | 0.57× | — | ||
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-825.0M | $1.8B |
| Free Cash FlowOCF − Capex | $-605.0M | $1.7B |
| FCF MarginFCF / Revenue | -5.7% | 17.9% |
| Capex IntensityCapex / Revenue | 0.8% | 0.9% |
| Cash ConversionOCF / Net Profit | -2.59× | 3.59× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $28.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $-825.0M | — | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $827.0M | $-158.6M | ||
| Q2 25 | $57.0M | $-1.1B | ||
| Q1 25 | $-546.0M | $-289.0M | ||
| Q4 24 | $1.3B | $974.5M | ||
| Q3 24 | $573.0M | $819.2M | ||
| Q2 24 | $287.0M | $241.8M |
| Q1 26 | $-605.0M | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $743.0M | $-190.8M | ||
| Q2 25 | $-17.0M | $-1.1B | ||
| Q1 25 | $-610.0M | $-345.1M | ||
| Q4 24 | $1.2B | $933.1M | ||
| Q3 24 | $494.0M | $800.8M | ||
| Q2 24 | $220.0M | $203.0M |
| Q1 26 | -5.7% | — | ||
| Q4 25 | 9.4% | 17.9% | ||
| Q3 25 | 7.4% | -2.2% | ||
| Q2 25 | -0.2% | -13.3% | ||
| Q1 25 | -7.0% | -4.5% | ||
| Q4 24 | 12.2% | 9.4% | ||
| Q3 24 | 5.6% | 8.5% | ||
| Q2 24 | 2.7% | 2.3% |
| Q1 26 | 0.8% | — | ||
| Q4 25 | 1.3% | 0.9% | ||
| Q3 25 | 0.8% | 0.4% | ||
| Q2 25 | 0.8% | 0.2% | ||
| Q1 25 | 0.7% | 0.7% | ||
| Q4 24 | 0.9% | 0.4% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 0.8% | 0.4% |
| Q1 26 | -2.59× | — | ||
| Q4 25 | 2.94× | 3.59× | ||
| Q3 25 | 2.28× | -0.27× | ||
| Q2 25 | 0.27× | -2.29× | ||
| Q1 25 | -3.35× | -0.56× | ||
| Q4 24 | 2.75× | 0.89× | ||
| Q3 24 | 2.55× | 0.70× | ||
| Q2 24 | 2.21× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBRE
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% |
