FCF Payout Ratio: 192.26%
Is the FCF payout ratio high or low?
The FCF payout ratio of 192.26% is 802% above its 5-year average of 21.32%, near the high end of its 5-year range (3.23%–192.26%).
247.39% above its 12-month average of 55.34%.
LEN FCF Payout Ratio
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted.
LEN Average FCF Payout Ratio Chart
LEN Current vs Average FCF Payout Ratio Chart
LEN FCF Payout Ratio Metrics
FCF PAYOUT RATIO
192.26%
FCF PAYOUT RATIO AVG TTM
55.34%
FCF PAYOUT RATIO AVG 3Y
15.75%
FCF PAYOUT RATIO AVG 5Y
11.66%
FCF PAYOUT RATIO AVG 10Y
8.27%
FCF PAYOUT RATIO AVG 15Y
9.04%
FCF PAYOUT RATIO AVG 20Y
9.57%
CURRENT VS TTM AVG
+247.39%
CURRENT VS 3Y AVG
+1121.01%
CURRENT VS 5Y AVG
+1549.51%
CURRENT VS 10Y AVG
+2224.49%
CURRENT VS 15Y AVG
+2027.66%
CURRENT VS 20Y AVG
+1908.46%
Payout Ratio Comparison
FCF Payout Ratio TTM
192.3%
Earnings Payout Ratio
25.1%
Dividend Yield
2.14%
FCF Yield
0.06%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $28.18M | $520.96M | n/m |
| 2024 | $2.23B | $548.82M | 24.6% |
| 2023 | $5.08B | $430.56M | 8.5% |
| 2022 | $3.21B | $438.04M | 13.7% |
| 2021 | $2.47B | $309.78M | 12.6% |
| 2020 | $4.12B | $195.04M | 4.7% |
| 2019 | $1.40B | $51.45M | 3.7% |
| 2018 | $1.58B | $49.16M | 3.1% |
| 2017 | $885.09M | $37.61M | 4.2% |
| 2016 | $431.37M | $35.32M | 8.2% |
| 2015 | ($511.00M) | $33.19M | N/A (Loss) |
| 2014 | ($811.09M) | $32.77M | N/A (Loss) |
| 2013 | ($815.84M) | $30.91M | N/A (Loss) |
| 2012 | ($427.47M) | $30.39M | N/A (Loss) |
| 2011 | ($269.07M) | $29.91M | N/A (Loss) |
| 2010 | $269.17M | $29.58M | 11.0% |
| 2009 | $420.84M | $27.59M | 6.6% |
| 2008 | $1.10B | $83.49M | 7.6% |
| 2007 | $444.51M | $101.12M | 22.7% |
| 2006 | $527.87M | $101.30M | 19.2% |
| 2005 | $301.23M | $89.23M | 29.6% |
| 2004 | $245.36M | $79.94M | 32.6% |
| 2003 | $561.95M | $22.70M | 4.0% |
| 2002 | $200.48M | $3.18M | 1.6% |
| 2001 | $46.09M | $3.15M | 6.8% |
| 2000 | $463.38M | $2.90M | 0.6% |
| 1999 | $86.20M | $2.90M | 3.4% |
| 1998 | ($140.50M) | $2.70M | N/A (Loss) |
| 1997 | ($161.90M) | $3.30M | N/A (Loss) |
| 1996 | ($14.10M) | $3.50M | N/A (Loss) |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
FCF Payout Ratio FAQ
- What is the FCF payout ratio for Lennar Corporation (LEN)?
- The FCF payout ratio for LEN stock is 192.26%.
- Is Lennar Corporation's FCF payout ratio high or low?
- The FCF payout ratio of 192.26% is 802% above its 5-year average of 21.32%, near the high end of its 5-year range (3.23%–192.26%).
- What is the TTM average FCF payout ratio for Lennar Corporation (LEN)?
- The TTM average FCF payout ratio for LEN stock is 55.34%.
- What is the 3Y average FCF payout ratio for Lennar Corporation (LEN)?
- The 3Y average FCF payout ratio for LEN stock is 15.75%.
- What is the 5Y average FCF payout ratio for Lennar Corporation (LEN)?
- The 5Y average FCF payout ratio for LEN stock is 11.66%.
- What is the 10Y average FCF payout ratio for Lennar Corporation (LEN)?
- The 10Y average FCF payout ratio for LEN stock is 8.27%.
- What is the 15Y average FCF payout ratio for Lennar Corporation (LEN)?
- The 15Y average FCF payout ratio for LEN stock is 9.04%.
- What is the 20Y average FCF payout ratio for Lennar Corporation (LEN)?
- The 20Y average FCF payout ratio for LEN stock is 9.57%.
LEN FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-05-31 | 192.26% |
| 2025-02-28 | 33.99% |
| 2024-11-30 | 24.59% |
| 2024-08-31 | 13.52% |
| 2024-05-31 | 12.36% |
| 2024-02-29 | 10.50% |
| 2023-11-30 | 8.48% |
| 2023-08-31 | 8.31% |
| 2023-05-31 | 9.12% |
| 2023-02-28 | 10.23% |
| 2022-11-30 | 13.65% |
| 2022-08-31 | 23.59% |
| 2022-05-31 | 20.62% |
| 2022-02-28 | 16.99% |
| 2021-11-30 | 12.55% |
| 2021-08-31 | 12.30% |
| 2021-05-31 | 7.75% |
| 2021-02-28 | 5.66% |
| 2020-11-30 | 4.74% |
| 2020-08-31 | 3.23% |
| 2020-05-31 | 3.28% |
| 2020-02-29 | 3.37% |
| 2019-11-30 | 3.69% |
| 2019-08-31 | 4.55% |
| 2019-05-31 | 4.63% |
| 2019-02-28 | 4.32% |
| 2018-11-30 | 3.11% |
| 2018-08-31 | 3.52% |
| 2018-05-31 | 3.90% |
| 2018-02-28 | 5.84% |
| 2017-11-30 | 4.25% |
| 2017-08-31 | 4.97% |
| 2017-05-31 | 8.40% |
| 2017-02-28 | 5.03% |
| 2016-11-30 | 8.19% |
| 2016-08-31 | 5.97% |
| 2016-05-31 | 10.63% |
| 2016-02-29 | 241.81% |
| 2011-02-28 | 15.61% |
| 2010-11-30 | 11.04% |
| 2010-08-31 | 13.35% |
| 2010-05-31 | 6.61% |
| 2010-02-28 | 6.67% |
| 2009-11-30 | 6.56% |
| 2009-08-31 | 4.21% |
| 2009-05-31 | 7.74% |
| 2009-02-28 | 19.14% |
| 2008-11-30 | 7.59% |
| 2008-08-31 | 7.29% |
| 2008-05-31 | 6.29% |
| 2008-02-29 | 5.68% |
| 2007-11-30 | 22.98% |
| 2007-08-31 | 17.03% |
| 2007-05-31 | 13.73% |
| 2007-02-28 | 10.46% |
| 2006-11-30 | 19.19% |
| 2006-08-31 | 9.93% |
| 2006-05-31 | 34.51% |
| 2005-11-30 | 29.62% |
| 2004-08-31 | 33.86% |
| 2004-05-31 | 15.31% |
| 2004-02-29 | 6.74% |
| 2003-11-30 | 4.04% |
| 2003-08-31 | 1.06% |
| 2003-05-31 | 9.38% |
| 2003-02-28 | 4.02% |
| 2002-11-30 | 1.59% |
About Lennar Corporation
Lennar Corporation, an influential homebuilder in the United States, operates primarily under its widely recognized Lennar brand, alongside its various subsidiaries. The company structures its diverse business initiatives across several distinct divisions: regional homebuilding segments (East, Central, Texas, and West), a Financial Services arm, a Multifamily property development unit, and a broader "Lennar Other" category. At the heart of its operations, Lennar is deeply involved in the creation and sale of single-family homes, encompassing both attached and detached designs. Its activities also span the acquisition, development, and subsequent sale of land designated for residential use, in addition to the comprehensive development, construction, and ongoing management of rental properties in the multifamily sector. Expanding beyond physical construction, Lennar provides essential services such as residential mortgage financing, title protection, and closing services for its clientele and other interested parties. It also actively originates and divests securitized commercial mortgage loans. Furthermore, the corporation participates in strategic fund investment endeavors. Lennar's extensive customer base primarily caters to first-time purchasers, individuals seeking to upgrade their homes, active adult communities, and the luxury housing market. This enterprise, founded in 1954, is officially based in Miami, Florida.
- Sector
- Consumer Cyclical
- Industry
- Residential Construction
- CEO
- Stuart A. Miller