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Lennar LEN Q3 2025 earnings

Reported September 18, 2025 · After market close

Revenue$8.8BMiss by $175.7M
EPS$2.00Miss by $0.10
Revenue estimate$9.0B
EPS estimate$2.10

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$8.8B-6.4%
Net income$591.0M-49.2%

Balance sheet

See full
Cash & equivalents$1.8B-59.2%
Total debt$275.6M+18.4%
Total equity$22.6B-17.7%
Total assets$34.9B-12.2%

Cash flow

See full
Operating cash flow-$158.6M-119%
CapEx$32.2M+74.8%
Free cash flow-$190.8M-124%

Valuation & ratios

Valuation

as of 08/31/25
See full
Market cap$34.48B-30.8%
Enterprise value$33B-27.9%
P/E12.8×+1.0×
P/S1×-0.4×

Profitability

See full
Net margin7.7%-3.8pp
FCF margin-2.1%-12.6pp

Returns & leverage

See full
Return on equity10.7%-5.1pp
Debt / equity0×0.0×

Segments

By segment

See full
West$3.0B-14.7%
Central$2.1B-5.9%
East$1.7B-17.9%
Other$6.2M-3.6%

By product

See full
General Contractor Services$42.2M-37.3%
Management Fee$5.1M-53.0%
Land-—

FAQ

When did Lennar report Q3 2025 earnings?
Lennar (LEN) reported Q3 2025 earnings on September 18, 2025 after market close.
What were Lennar's Q3 2025 revenue and EPS?
Lennar reported revenue of $8.8B and eps of $2.00 for Q3 2025.
Did Lennar beat estimates in Q3 2025?
Revenue missed the consensus estimate of $9.0B by $175.7M. EPS missed the consensus estimate of $2.10 by $0.10.
How did Lennar's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 6.4% from $9.4B a year earlier and eps declined 53.1% from $4.26.
Where can I find Lennar's Q3 2025 SEC filings?
You can read the 8-K earnings release (0000920760-25-000003) and the 10-Q periodic report (0001628280-25-044086) directly on SEC EDGAR. The filing index links above go to sec.gov.