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Lennar LEN Q2 2025 earnings

Reported June 16, 2025 · After market close

Revenue$8.4BBeat by $176.2M
EPS$1.90Miss by $0.04
Revenue estimate$8.2B
EPS estimate$1.94

Next report

Sep 17, 2026 (In 2 weeks)
Revenue estimate$8.3B
EPS estimate$1.30

Financials

Q2 2025

Income statement

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Revenue$8.4B-4.4%
Net income$477.4M-50.0%

Balance sheet

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Cash & equivalents$1.5B-62.3%
Total debt$266.3M+63.8%
Total equity$22.6B-16.0%
Total assets$34.4B-11.1%

Cash flow

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Operating cash flow-$1.1B-553%
CapEx$15.2M-60.8%
Free cash flow-$1.1B-647%

Valuation & ratios

Valuation

as of 05/31/25
See full
Market cap$28.51B-35.8%
Enterprise value$27.3B-32.8%
P/E8.8×-2.0×
P/S0.8×-0.4×

Profitability

See full
Net margin9.2%-2.4pp
FCF margin0.8%-10.3pp

Returns & leverage

See full
Return on equity13.2%-2.8pp
Debt / equity0×0.0×

Segments

By segment

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West$2.8B-13.2%
Central$1.7B-1.5%
East$1.7B-18.9%
South Central$1.5B+27.3%
Other$8.4M-11.4%

By product

See full
Home$7.8B-7.8%
Other revenues$546.0M+39.1%
Land$43.2M—
General Contractor Services$28.3M-66.5%
Management Fee$6.4M-52.9%

FAQ

When did Lennar report Q2 2025 earnings?
Lennar (LEN) reported Q2 2025 earnings on June 16, 2025 after market close.
What were Lennar's Q2 2025 revenue and EPS?
Lennar reported revenue of $8.4B and eps of $1.90 for Q2 2025.
Did Lennar beat estimates in Q2 2025?
Revenue beat the consensus estimate of $8.2B by $176.2M. EPS missed the consensus estimate of $1.94 by $0.04.
How did Lennar's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 4.9% from $8.8B a year earlier and eps declined 44.9% from $3.45.
Where can I find Lennar's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001628280-25-031665) and the 10-Q periodic report (0001628280-25-033777) directly on SEC EDGAR. The filing index links above go to sec.gov.