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Side-by-side financial comparison of Lennar (LEN) and TJX Companies (TJX). Click either name above to swap in a different company.
TJX Companies is the larger business by last-quarter revenue ($15.1B vs $9.4B, roughly 1.6× Lennar). TJX Companies runs the higher net margin — 9.5% vs 5.2%, a 4.3% gap on every dollar of revenue. On growth, TJX Companies posted the faster year-over-year revenue change (7.5% vs -5.8%). Lennar produced more free cash flow last quarter ($1.7B vs $1.0B). Over the past eight quarters, Lennar's revenue compounded faster (13.2% CAGR vs -4.0%).
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.
The TJX Companies, Inc. is an American multinational off-price department store corporation, headquartered in Framingham, Massachusetts. It was formed as a subsidiary of Zayre Corp. in 1987, and became the legal successor to Zayre Corp. following a company reorganization in 1989.
LEN vs TJX — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $9.4B | $15.1B |
| Net Profit | $490.2M | $1.4B |
| Gross Margin | — | 32.6% |
| Operating Margin | 7.3% | — |
| Net Margin | 5.2% | 9.5% |
| Revenue YoY | -5.8% | 7.5% |
| Net Profit YoY | -55.3% | 11.2% |
| EPS (diluted) | — | $1.28 |
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 | $9.4B | $15.1B | ||
| Q3 25 | $8.8B | $14.4B | ||
| Q2 25 | $8.4B | $13.1B | ||
| Q1 25 | $7.6B | $16.4B | ||
| Q4 24 | $9.9B | $14.1B | ||
| Q3 24 | $9.4B | $13.5B | ||
| Q2 24 | $8.8B | $12.5B | ||
| Q1 24 | $7.3B | $16.4B |
| Q4 25 | $490.2M | $1.4B | ||
| Q3 25 | $591.0M | $1.2B | ||
| Q2 25 | $477.4M | $1.0B | ||
| Q1 25 | $519.5M | $1.4B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $954.3M | $1.1B | ||
| Q1 24 | $719.3M | $1.4B |
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 29.5% | ||
| Q1 25 | — | 30.5% | ||
| Q4 24 | — | 31.6% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 30.0% | ||
| Q1 24 | — | 29.8% |
| Q4 25 | 7.3% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | 9.1% | 11.6% | ||
| Q4 24 | 14.7% | 12.3% | ||
| Q3 24 | 16.3% | 10.9% | ||
| Q2 24 | 14.4% | 11.1% | ||
| Q1 24 | 12.7% | 11.2% |
| Q4 25 | 5.2% | 9.5% | ||
| Q3 25 | 6.7% | 8.6% | ||
| Q2 25 | 5.7% | 7.9% | ||
| Q1 25 | 6.8% | 8.6% | ||
| Q4 24 | 11.0% | 9.2% | ||
| Q3 24 | 12.3% | 8.2% | ||
| Q2 24 | 10.9% | 8.6% | ||
| Q1 24 | 9.8% | 8.5% |
| Q4 25 | — | $1.28 | ||
| Q3 25 | $2.29 | $1.10 | ||
| Q2 25 | $1.81 | $0.92 | ||
| Q1 25 | $1.96 | $1.23 | ||
| Q4 24 | $4.03 | $1.14 | ||
| Q3 24 | $4.26 | $0.96 | ||
| Q2 24 | $3.45 | $0.93 | ||
| Q1 24 | $2.57 | $1.22 |
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 | $4.6B |
| Total DebtLower is stronger | $5.9B | — |
| Stockholders' EquityBook value | $22.0B | $9.4B |
| Total Assets | $34.4B | $35.2B |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8B | $4.6B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $4.9B | $4.7B | ||
| Q3 24 | — | $5.3B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $5.6B |
| Q4 25 | $5.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $22.0B | $9.4B | ||
| Q3 25 | $22.6B | $8.9B | ||
| Q2 25 | $22.6B | $8.5B | ||
| Q1 25 | $22.7B | $8.4B | ||
| Q4 24 | $27.9B | $8.2B | ||
| Q3 24 | $27.4B | $7.8B | ||
| Q2 24 | $26.9B | $7.5B | ||
| Q1 24 | $26.6B | $7.3B |
| Q4 25 | $34.4B | $35.2B | ||
| Q3 25 | $34.9B | $32.9B | ||
| Q2 25 | $34.4B | $31.9B | ||
| Q1 25 | $35.0B | $31.7B | ||
| Q4 24 | $41.3B | $32.4B | ||
| Q3 24 | $39.7B | $30.6B | ||
| Q2 24 | $38.7B | $29.7B | ||
| Q1 24 | $39.0B | $29.7B |
| Q4 25 | 0.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $1.5B |
| Free Cash FlowOCF − Capex | $1.7B | $1.0B |
| FCF MarginFCF / Revenue | 17.9% | 6.6% |
| Capex IntensityCapex / Revenue | 0.9% | 3.5% |
| Cash ConversionOCF / Net Profit | 3.59× | 1.06× |
| TTM Free Cash FlowTrailing 4 quarters | $28.2M | $4.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $-158.6M | $1.8B | ||
| Q2 25 | $-1.1B | $394.0M | ||
| Q1 25 | $-289.0M | $2.7B | ||
| Q4 24 | $974.5M | $1.0B | ||
| Q3 24 | $819.2M | $1.6B | ||
| Q2 24 | $241.8M | $737.0M | ||
| Q1 24 | $367.9M | $2.8B |
| Q4 25 | $1.7B | $1.0B | ||
| Q3 25 | $-190.8M | $1.3B | ||
| Q2 25 | $-1.1B | $-103.0M | ||
| Q1 25 | $-345.1M | $2.2B | ||
| Q4 24 | $933.1M | $624.0M | ||
| Q3 24 | $800.8M | $1.1B | ||
| Q2 24 | $203.0M | $318.0M | ||
| Q1 24 | $294.9M | $2.4B |
| Q4 25 | 17.9% | 6.6% | ||
| Q3 25 | -2.2% | 9.2% | ||
| Q2 25 | -13.3% | -0.8% | ||
| Q1 25 | -4.5% | 13.4% | ||
| Q4 24 | 9.4% | 4.4% | ||
| Q3 24 | 8.5% | 7.9% | ||
| Q2 24 | 2.3% | 2.5% | ||
| Q1 24 | 4.0% | 14.4% |
| Q4 25 | 0.9% | 3.5% | ||
| Q3 25 | 0.4% | 3.2% | ||
| Q2 25 | 0.2% | 3.8% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 0.4% | 3.0% | ||
| Q3 24 | 0.2% | 4.2% | ||
| Q2 24 | 0.4% | 3.4% | ||
| Q1 24 | 1.0% | 2.7% |
| Q4 25 | 3.59× | 1.06× | ||
| Q3 25 | -0.27× | 1.44× | ||
| Q2 25 | -2.29× | 0.38× | ||
| Q1 25 | -0.56× | 1.93× | ||
| Q4 24 | 0.89× | 0.81× | ||
| Q3 24 | 0.70× | 1.48× | ||
| Q2 24 | 0.25× | 0.69× | ||
| Q1 24 | 0.51× | 2.00× |
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% |
TJX
| Marmaxx | $9.0B | 60% |
| Home Goods | $2.5B | 17% |
| TJX International | $2.0B | 14% |
| Tjx Canada | $1.5B | 10% |
