vs
Side-by-side financial comparison of Lennar (LEN) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Lennar is the larger business by last-quarter revenue ($6.6B vs $6.1B, roughly 1.1× Block, Inc.). Lennar runs the higher net margin — 3.5% vs 3.1%, a 0.3% gap on every dollar of revenue. On growth, Block, Inc. posted the faster year-over-year revenue change (-4.7% vs -13.3%). Over the past eight quarters, Block, Inc.'s revenue compounded faster (-0.8% CAGR vs -13.1%).
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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
LEN vs XYZ — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.6B | $6.1B |
| Net Profit | $229.4M | $190.0M |
| Gross Margin | — | 48.0% |
| Operating Margin | — | 5.4% |
| Net Margin | 3.5% | 3.1% |
| Revenue YoY | -13.3% | -4.7% |
| Net Profit YoY | -55.8% | 63.8% |
| EPS (diluted) | $0.93 | $0.30 |
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 | $6.6B | $6.1B | ||
| Q4 25 | $9.4B | $6.3B | ||
| Q3 25 | $8.8B | $6.1B | ||
| Q2 25 | $8.4B | $6.1B | ||
| Q1 25 | $7.6B | $5.8B | ||
| Q4 24 | $9.9B | $6.0B | ||
| Q3 24 | $9.4B | $6.0B | ||
| Q2 24 | $8.8B | $6.2B |
| Q1 26 | $229.4M | $190.0M | ||
| Q4 25 | $490.2M | $115.8M | ||
| Q3 25 | $591.0M | $461.5M | ||
| Q2 25 | $477.4M | $538.5M | ||
| Q1 25 | $519.5M | $189.9M | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.2B | $283.8M | ||
| Q2 24 | $954.3M | $195.3M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 43.5% | ||
| Q2 25 | — | 41.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 36.3% |
| Q1 26 | — | 5.4% | ||
| Q4 25 | 7.3% | 7.8% | ||
| Q3 25 | 9.0% | 6.7% | ||
| Q2 25 | 7.7% | 8.0% | ||
| Q1 25 | 9.1% | 5.7% | ||
| Q4 24 | 14.7% | 0.2% | ||
| Q3 24 | 16.3% | 5.4% | ||
| Q2 24 | 14.4% | 5.0% |
| Q1 26 | 3.5% | 3.1% | ||
| Q4 25 | 5.2% | 1.9% | ||
| Q3 25 | 6.7% | 7.5% | ||
| Q2 25 | 5.7% | 8.9% | ||
| Q1 25 | 6.8% | 3.3% | ||
| Q4 24 | 11.0% | 32.3% | ||
| Q3 24 | 12.3% | 4.7% | ||
| Q2 24 | 10.9% | 3.2% |
| Q1 26 | $0.93 | $0.30 | ||
| Q4 25 | — | $0.19 | ||
| Q3 25 | $2.29 | $0.74 | ||
| Q2 25 | $1.81 | $0.87 | ||
| Q1 25 | $1.96 | $0.30 | ||
| Q4 24 | $4.03 | $3.06 | ||
| Q3 24 | $4.26 | $0.45 | ||
| Q2 24 | $3.45 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.1B | $6.9B |
| Total DebtLower is stronger | — | $7.3B |
| Stockholders' EquityBook value | $21.9B | $21.7B |
| Total Assets | $33.2B | $40.0B |
| Debt / EquityLower = less leverage | — | 0.34× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | $6.9B | ||
| Q4 25 | $3.8B | $6.6B | ||
| Q3 25 | — | $8.3B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | $4.9B | $8.1B | ||
| Q3 24 | — | $8.3B | ||
| Q2 24 | — | $7.8B |
| Q1 26 | — | $7.3B | ||
| Q4 25 | $5.9B | — | ||
| Q3 25 | — | $7.3B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | $4.2B | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B |
| Q1 26 | $21.9B | $21.7B | ||
| Q4 25 | $22.0B | $22.2B | ||
| Q3 25 | $22.6B | $22.5B | ||
| Q2 25 | $22.6B | $22.2B | ||
| Q1 25 | $22.7B | $21.5B | ||
| Q4 24 | $27.9B | $21.3B | ||
| Q3 24 | $27.4B | $19.9B | ||
| Q2 24 | $26.9B | $19.3B |
| Q1 26 | $33.2B | $40.0B | ||
| Q4 25 | $34.4B | $39.5B | ||
| Q3 25 | $34.9B | $39.2B | ||
| Q2 25 | $34.4B | $36.9B | ||
| Q1 25 | $35.0B | $36.4B | ||
| Q4 24 | $41.3B | $36.8B | ||
| Q3 24 | $39.7B | $36.4B | ||
| Q2 24 | $38.7B | $37.5B |
| Q1 26 | — | 0.34× | ||
| Q4 25 | 0.27× | — | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 0.15× | 0.29× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.32× |
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 | — | $133.0K |
| Free Cash FlowOCF − Capex | — | $101.0K |
| FCF MarginFCF / Revenue | — | 0.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.3B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $133.0K | ||
| Q4 25 | $1.8B | $621.0M | ||
| Q3 25 | $-158.6M | $1.5B | ||
| Q2 25 | $-1.1B | $374.3M | ||
| Q1 25 | $-289.0M | $133.3M | ||
| Q4 24 | $974.5M | $13.8M | ||
| Q3 24 | $819.2M | $684.8M | ||
| Q2 24 | $241.8M | $519.4M |
| Q1 26 | — | $101.0K | ||
| Q4 25 | $1.7B | $579.8M | ||
| Q3 25 | $-190.8M | $1.4B | ||
| Q2 25 | $-1.1B | $343.0M | ||
| Q1 25 | $-345.1M | $101.5M | ||
| Q4 24 | $933.1M | $-13.2M | ||
| Q3 24 | $800.8M | $628.2M | ||
| Q2 24 | $203.0M | $481.0M |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 17.9% | 9.3% | ||
| Q3 25 | -2.2% | 22.9% | ||
| Q2 25 | -13.3% | 5.7% | ||
| Q1 25 | -4.5% | 1.8% | ||
| Q4 24 | 9.4% | -0.2% | ||
| Q3 24 | 8.5% | 10.5% | ||
| Q2 24 | 2.3% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 0.7% | ||
| Q3 25 | 0.4% | 0.8% | ||
| Q2 25 | 0.2% | 0.5% | ||
| Q1 25 | 0.7% | 0.6% | ||
| Q4 24 | 0.4% | 0.4% | ||
| Q3 24 | 0.2% | 0.9% | ||
| Q2 24 | 0.4% | 0.6% |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 3.59× | 5.36× | ||
| Q3 25 | -0.27× | 3.14× | ||
| Q2 25 | -2.29× | 0.70× | ||
| Q1 25 | -0.56× | 0.70× | ||
| Q4 24 | 0.89× | 0.01× | ||
| Q3 24 | 0.70× | 2.41× | ||
| Q2 24 | 0.25× | 2.66× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LEN
| Homebuilding | $6.3B | 95% |
| Financial Services | $215.6M | 3% |
| Multifamily | $82.5M | 1% |
| Lennar Other | $22.9M | 0% |
XYZ
| Commerce enablement revenue | $2.9B | 49% |
| Bitcoin ecosystem revenue | $1.8B | 30% |
| Financial solutions revenue | $1.3B | 22% |
