LennarLENEarnings & Financial Report
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.
LEN Q4 2025 Key Financial Metrics
Revenue
$9.4B
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$490.2M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
5.2%
YoY Growth
-5.8%
EPS
$1.92
Financial Flow
Lennar Q4 2025 Financial Summary
Lennar reported revenue of $9.4B for Q4 2025, with a net profit of $490.2M (5.2% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $9.4B |
|---|---|
| Net Profit | $490.2M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 2025 |
Lennar Annual Revenue by Year
Lennar annual revenue history includes year-by-year totals (for example, 2025 revenue was $34.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $34.2B |
| 2024 | $35.4B |
| 2023 | $34.2B |
| 2022 | $33.7B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.31B | $8.77B | $9.42B | $9.95B | $7.63B | $8.38B | $8.81B | $9.37B |
| YoY Growth | 12.7% | 9.0% | 7.9% | -9.3% | 4.4% | -4.4% | -6.4% | -5.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $38.95B | $38.67B | $39.74B | $41.31B | $34.99B | $34.37B | $34.88B | $34.43B |
| Liabilities | $12.17B | $11.65B | $12.18B | $13.29B | $12.12B | $11.64B | $12.13B | $12.29B |
| Equity | $26.65B | $26.88B | $27.41B | $27.87B | $22.73B | $22.58B | $22.57B | $21.96B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $367.9M | $241.8M | $819.2M | $974.5M | $-289.0M | $-1.10B | $-158.6M | $1.76B |
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