What is Lennar's pre-tax income?

Lennar (LEN) reported pre-tax income of $413.19M in Q1 2026.

How has Lennar's pre-tax income changed year-over-year?

Lennar's pre-tax income decreased by 35.6% year-over-year, from $641.88M to $413.19M.

What is the long-term trend for Lennar's pre-tax income?

Over 4 years (2021 to 2025), Lennar's pre-tax income has grown at a -16.6% compound annual growth rate (CAGR), from $5.82B to $2.81B.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Lennar LEN Pre-Tax Income

Discontinued — last reported Q2 '26

Pre-Tax Income at other companies

St. Joe CompanyJOE

$17.8M-20.8%

Meritage HomesMTH

$72.52M-54.7%

D.R. HortonDHI

$867.4M-18.7%

Beazer Homes USA, Inc.BZH

-$18.54M-231%

Green Brick PartnersGRBK

$84.26M-20.6%

Forestar GroupFOR

$43.9M+7.9%

Segments

By segment

See full

East$164.39M-6.9%

West$140.04M-42.9%

South Central$114.34M-16.4%

Lennar Financial Services$101.1M-35.7%

Central$78.17M-51.8%

Lennar Other-$38.94M+26.4%

Other financials

Income statement

See full

Revenue$7.9B-5.2%

Net income$304.8M-36.2%

EPS (diluted)$2.57+24.8%

Balance sheet

See full

Cash & equivalents$2.2B+47.0%

Total debt$233.8M-12.2%

Total equity$21.6B-4.2%

Total assets$33.7B-2.0%

Cash flow

See full

Operating cash flow-$284.4M+74.0%

CapEx$18.9M+23.9%

Free cash flow-$303.2M+72.7%

Valuation

See full

Market cap$21.8B-26.6%

Enterprise value$19.86B-31.2%

P/E13.5×+3.4×

P/S0.7×-0.2×

Profitability

See full

Net margin5.4%-5.0pp

FCF margin-0.3%-4.7pp

Returns & leverage

See full

Return on equity8%-7.1pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Lennar’s 10-Q, filed June 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's pre-tax income?: Lennar (LEN) reported pre-tax income of $413.19M in Q1 2026.
How has Lennar's pre-tax income changed year-over-year?: Lennar's pre-tax income decreased by 35.6% year-over-year, from $641.88M to $413.19M.
What is the long-term trend for Lennar's pre-tax income?: Over 4 years (2021 to 2025), Lennar's pre-tax income has grown at a -16.6% compound annual growth rate (CAGR), from $5.82B to $2.81B.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.