Lennar West — SG&A decreased by 5.5% to $191.17M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 5.5%, from $202.38M to $191.17M. This is a positive signal — lower values indicate better performance for this metric.
An increase relative to revenue may signal declining operational efficiency or higher marketing spend to drive sales.
Operating expenses incurred by the West segment for sales, marketing, and general administrative functions. This capture...
Standard SG&A metric found in segment reporting for all large-cap homebuilders.
len_segment_west_selling_general_and_administrative| Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $164.57M | $164.57M | $164.57M | $164.57M | $190.60M | $190.60M | $190.60M | $190.60M | $202.38M | $191.17M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +15.8% | +0.0% | +0.0% | +0.0% | +6.2% | -5.5% |
| YoY Change | — | — | — | — | +15.8% | +15.8% | +15.8% | +15.8% | +6.2% | -5.5% |