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Side-by-side financial comparison of Lennar (LEN) and Netflix (NFLX). Click either name above to swap in a different company.
Netflix is the larger business by last-quarter revenue ($12.2B vs $9.4B, roughly 1.3× Lennar). Netflix runs the higher net margin — 43.1% vs 5.2%, a 37.9% gap on every dollar of revenue. On growth, Netflix posted the faster year-over-year revenue change (16.2% vs -5.8%). Netflix produced more free cash flow last quarter ($5.1B vs $1.7B). Over the past eight quarters, Netflix's revenue compounded faster (13.2% CAGR vs 13.2%).
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.
Netflix is an American subscription video on-demand over-the-top streaming service. The service primarily distributes original and acquired films and television shows from various genres. It is available internationally in multiple languages.
LEN vs NFLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.4B | $12.2B |
| Net Profit | $490.2M | $5.3B |
| Gross Margin | — | 51.9% |
| Operating Margin | 7.3% | 32.3% |
| Net Margin | 5.2% | 43.1% |
| Revenue YoY | -5.8% | 16.2% |
| Net Profit YoY | -55.3% | 82.8% |
| EPS (diluted) | — | $1.23 |
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 | — | $12.2B | ||
| Q4 25 | $9.4B | $12.1B | ||
| Q3 25 | $8.8B | $11.5B | ||
| Q2 25 | $8.4B | $11.1B | ||
| Q1 25 | $7.6B | $10.5B | ||
| Q4 24 | $9.9B | $10.2B | ||
| Q3 24 | $9.4B | $9.8B | ||
| Q2 24 | $8.8B | $9.6B |
| Q1 26 | — | $5.3B | ||
| Q4 25 | $490.2M | $2.4B | ||
| Q3 25 | $591.0M | $2.5B | ||
| Q2 25 | $477.4M | $3.1B | ||
| Q1 25 | $519.5M | $2.9B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $954.3M | $2.1B |
| Q1 26 | — | 51.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.4% | ||
| Q2 25 | — | 51.9% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 43.7% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 45.9% |
| Q1 26 | — | 32.3% | ||
| Q4 25 | 7.3% | 24.5% | ||
| Q3 25 | 9.0% | 28.2% | ||
| Q2 25 | 7.7% | 34.1% | ||
| Q1 25 | 9.1% | 31.7% | ||
| Q4 24 | 14.7% | 22.2% | ||
| Q3 24 | 16.3% | 29.6% | ||
| Q2 24 | 14.4% | 27.2% |
| Q1 26 | — | 43.1% | ||
| Q4 25 | 5.2% | 20.1% | ||
| Q3 25 | 6.7% | 22.1% | ||
| Q2 25 | 5.7% | 28.2% | ||
| Q1 25 | 6.8% | 27.4% | ||
| Q4 24 | 11.0% | 18.2% | ||
| Q3 24 | 12.3% | 24.1% | ||
| Q2 24 | 10.9% | 22.5% |
| Q1 26 | — | $1.23 | ||
| Q4 25 | — | $-17.14 | ||
| Q3 25 | $2.29 | $5.87 | ||
| Q2 25 | $1.81 | $7.19 | ||
| Q1 25 | $1.96 | $0.66 | ||
| Q4 24 | $4.03 | $4.27 | ||
| Q3 24 | $4.26 | $5.40 | ||
| Q2 24 | $3.45 | $4.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.8B | $12.3B |
| Total DebtLower is stronger | $5.9B | $13.4B |
| Stockholders' EquityBook value | $22.0B | $31.1B |
| Total Assets | $34.4B | $61.0B |
| Debt / EquityLower = less leverage | 0.27× | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3B | ||
| Q4 25 | $3.8B | $9.1B | ||
| Q3 25 | — | $9.3B | ||
| Q2 25 | — | $8.4B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | $4.9B | $9.6B | ||
| Q3 24 | — | $9.2B | ||
| Q2 24 | — | $6.7B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | $5.9B | $13.5B | ||
| Q3 25 | — | $14.5B | ||
| Q2 25 | — | $14.5B | ||
| Q1 25 | — | $14.0B | ||
| Q4 24 | $4.2B | $13.8B | ||
| Q3 24 | — | $14.2B | ||
| Q2 24 | — | $12.2B |
| Q1 26 | — | $31.1B | ||
| Q4 25 | $22.0B | $26.6B | ||
| Q3 25 | $22.6B | $26.0B | ||
| Q2 25 | $22.6B | $25.0B | ||
| Q1 25 | $22.7B | $24.0B | ||
| Q4 24 | $27.9B | $24.7B | ||
| Q3 24 | $27.4B | $22.7B | ||
| Q2 24 | $26.9B | $22.1B |
| Q1 26 | — | $61.0B | ||
| Q4 25 | $34.4B | $55.6B | ||
| Q3 25 | $34.9B | $54.9B | ||
| Q2 25 | $34.4B | $53.1B | ||
| Q1 25 | $35.0B | $52.1B | ||
| Q4 24 | $41.3B | $53.6B | ||
| Q3 24 | $39.7B | $52.3B | ||
| Q2 24 | $38.7B | $49.1B |
| Q1 26 | — | 0.43× | ||
| Q4 25 | 0.27× | 0.51× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.58× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | 0.15× | 0.56× | ||
| Q3 24 | — | 0.62× | ||
| Q2 24 | — | 0.55× |
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 | $1.8B | $5.3B |
| Free Cash FlowOCF − Capex | $1.7B | $5.1B |
| FCF MarginFCF / Revenue | 17.9% | 41.6% |
| Capex IntensityCapex / Revenue | 0.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 3.59× | 1.00× |
| TTM Free Cash FlowTrailing 4 quarters | $28.2M | $11.9B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.3B | ||
| Q4 25 | $1.8B | $2.1B | ||
| Q3 25 | $-158.6M | $2.8B | ||
| Q2 25 | $-1.1B | $2.4B | ||
| Q1 25 | $-289.0M | $2.8B | ||
| Q4 24 | $974.5M | $1.5B | ||
| Q3 24 | $819.2M | $2.3B | ||
| Q2 24 | $241.8M | $1.3B |
| Q1 26 | — | $5.1B | ||
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $-190.8M | $2.7B | ||
| Q2 25 | $-1.1B | $2.3B | ||
| Q1 25 | $-345.1M | $2.7B | ||
| Q4 24 | $933.1M | $1.4B | ||
| Q3 24 | $800.8M | $2.2B | ||
| Q2 24 | $203.0M | $1.2B |
| Q1 26 | — | 41.6% | ||
| Q4 25 | 17.9% | 15.5% | ||
| Q3 25 | -2.2% | 23.1% | ||
| Q2 25 | -13.3% | 20.5% | ||
| Q1 25 | -4.5% | 25.2% | ||
| Q4 24 | 9.4% | 13.5% | ||
| Q3 24 | 8.5% | 22.3% | ||
| Q2 24 | 2.3% | 12.7% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | 0.9% | 2.0% | ||
| Q3 25 | 0.4% | 1.4% | ||
| Q2 25 | 0.2% | 1.4% | ||
| Q1 25 | 0.7% | 1.2% | ||
| Q4 24 | 0.4% | 1.5% | ||
| Q3 24 | 0.2% | 1.3% | ||
| Q2 24 | 0.4% | 0.8% |
| Q1 26 | — | 1.00× | ||
| Q4 25 | 3.59× | 0.87× | ||
| Q3 25 | -0.27× | 1.11× | ||
| Q2 25 | -2.29× | 0.78× | ||
| Q1 25 | -0.56× | 0.97× | ||
| Q4 24 | 0.89× | 0.82× | ||
| Q3 24 | 0.70× | 0.98× | ||
| Q2 24 | 0.25× | 0.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
NFLX
Segment breakdown not available.
