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Side-by-side financial comparison of Lennar (LEN) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
Lennar is the larger business by last-quarter revenue ($9.4B vs $7.9B, roughly 1.2× PBF Energy Inc.). Lennar runs the higher net margin — 5.2% vs 2.5%, a 2.7% gap on every dollar of revenue. On growth, PBF Energy Inc. posted the faster year-over-year revenue change (11.9% vs -5.8%). Over the past eight quarters, Lennar's revenue compounded faster (13.2% CAGR vs -4.9%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
LEN vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.4B | $7.9B |
| Net Profit | $490.2M | $200.2M |
| Gross Margin | — | 3.5% |
| Operating Margin | 7.3% | 3.8% |
| Net Margin | 5.2% | 2.5% |
| Revenue YoY | -5.8% | 11.9% |
| Net Profit YoY | -55.3% | 149.4% |
| EPS (diluted) | — | $1.65 |
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 | — | $7.9B | ||
| Q4 25 | $9.4B | $7.1B | ||
| Q3 25 | $8.8B | $7.7B | ||
| Q2 25 | $8.4B | $7.5B | ||
| Q1 25 | $7.6B | $7.1B | ||
| Q4 24 | $9.9B | $7.4B | ||
| Q3 24 | $9.4B | $8.4B | ||
| Q2 24 | $8.8B | $8.7B |
| Q1 26 | — | $200.2M | ||
| Q4 25 | $490.2M | $78.4M | ||
| Q3 25 | $591.0M | $170.1M | ||
| Q2 25 | $477.4M | $-5.2M | ||
| Q1 25 | $519.5M | $-401.8M | ||
| Q4 24 | $1.1B | $-289.3M | ||
| Q3 24 | $1.2B | $-285.9M | ||
| Q2 24 | $954.3M | $-65.2M |
| Q1 26 | — | 3.5% | ||
| Q4 25 | — | -1.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | -4.2% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | 3.8% | ||
| Q4 25 | 7.3% | 1.8% | ||
| Q3 25 | 9.0% | 3.7% | ||
| Q2 25 | 7.7% | 0.6% | ||
| Q1 25 | 9.1% | -7.2% | ||
| Q4 24 | 14.7% | -5.2% | ||
| Q3 24 | 16.3% | -4.6% | ||
| Q2 24 | 14.4% | -0.9% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | 5.2% | 1.1% | ||
| Q3 25 | 6.7% | 2.2% | ||
| Q2 25 | 5.7% | -0.1% | ||
| Q1 25 | 6.8% | -5.7% | ||
| Q4 24 | 11.0% | -3.9% | ||
| Q3 24 | 12.3% | -3.4% | ||
| Q2 24 | 10.9% | -0.7% |
| Q1 26 | — | $1.65 | ||
| Q4 25 | — | $0.74 | ||
| Q3 25 | $2.29 | $1.45 | ||
| Q2 25 | $1.81 | $-0.05 | ||
| Q1 25 | $1.96 | $-3.53 | ||
| Q4 24 | $4.03 | $-2.41 | ||
| Q3 24 | $4.26 | $-2.49 | ||
| Q2 24 | $3.45 | $-0.56 |
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 | $541.8M |
| Total DebtLower is stronger | $5.9B | — |
| Stockholders' EquityBook value | $22.0B | $5.7B |
| Total Assets | $34.4B | $14.7B |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $541.8M | ||
| Q4 25 | $3.8B | $527.9M | ||
| Q3 25 | — | $482.0M | ||
| Q2 25 | — | $590.7M | ||
| Q1 25 | — | $468.6M | ||
| Q4 24 | $4.9B | $536.1M | ||
| Q3 24 | — | $976.7M | ||
| Q2 24 | — | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $5.7B | ||
| Q4 25 | $22.0B | $5.3B | ||
| Q3 25 | $22.6B | $5.2B | ||
| Q2 25 | $22.6B | $5.1B | ||
| Q1 25 | $22.7B | $5.1B | ||
| Q4 24 | $27.9B | $5.5B | ||
| Q3 24 | $27.4B | $5.9B | ||
| Q2 24 | $26.9B | $6.3B |
| Q1 26 | — | $14.7B | ||
| Q4 25 | $34.4B | $13.0B | ||
| Q3 25 | $34.9B | $13.0B | ||
| Q2 25 | $34.4B | $13.0B | ||
| Q1 25 | $35.0B | $13.0B | ||
| Q4 24 | $41.3B | $12.7B | ||
| Q3 24 | $39.7B | $13.1B | ||
| Q2 24 | $38.7B | $14.1B |
| Q1 26 | — | — | ||
| 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 | $1.8B | — |
| Free Cash FlowOCF − Capex | $1.7B | — |
| FCF MarginFCF / Revenue | 17.9% | — |
| Capex IntensityCapex / Revenue | 0.9% | 4.0% |
| Cash ConversionOCF / Net Profit | 3.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $28.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $366.6M | ||
| Q3 25 | $-158.6M | $25.7M | ||
| Q2 25 | $-1.1B | $191.1M | ||
| Q1 25 | $-289.0M | $-661.4M | ||
| Q4 24 | $974.5M | $-329.7M | ||
| Q3 24 | $819.2M | $-68.0M | ||
| Q2 24 | $241.8M | $425.3M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $77.0M | ||
| Q3 25 | $-190.8M | $-122.8M | ||
| Q2 25 | $-1.1B | $35.0M | ||
| Q1 25 | $-345.1M | $-772.4M | ||
| Q4 24 | $933.1M | $-425.7M | ||
| Q3 24 | $800.8M | $-169.8M | ||
| Q2 24 | $203.0M | $371.8M |
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 1.1% | ||
| Q3 25 | -2.2% | -1.6% | ||
| Q2 25 | -13.3% | 0.5% | ||
| Q1 25 | -4.5% | -10.9% | ||
| Q4 24 | 9.4% | -5.8% | ||
| Q3 24 | 8.5% | -2.0% | ||
| Q2 24 | 2.3% | 4.3% |
| Q1 26 | — | 4.0% | ||
| Q4 25 | 0.9% | 4.1% | ||
| Q3 25 | 0.4% | 1.9% | ||
| Q2 25 | 0.2% | 2.1% | ||
| Q1 25 | 0.7% | 1.6% | ||
| Q4 24 | 0.4% | 1.3% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 0.4% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.59× | 4.68× | ||
| Q3 25 | -0.27× | 0.15× | ||
| Q2 25 | -2.29× | — | ||
| Q1 25 | -0.56× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.25× | — |
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% |
PBF
Segment breakdown not available.
