Homebuilding — Cost and expenses
Lennar Homebuilding — Cost and expenses decreased by 26.3% to $5.97B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 8.7%, from $6.54B to $5.97B. Over 4 years (FY 2021 to FY 2025), Homebuilding — Cost and expenses shows an upward trend with a 9.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression or rising construction costs, while a decrease indicates improved operational efficiency.
Detailed definition
Represents the total operational costs incurred by the homebuilding segment to generate revenue, including construction...
Peer comparison
Standardized as Cost of Goods Sold (COGS) or Operating Expenses in peer homebuilder financial statements.
len_segment_homebuilding_cost_and_expensesHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.91B | $5.23B | $6.25B | $4.64B | $6.11B | $6.49B | $7.92B | $5.27B | $6.44B | $6.86B | $8.65B | $5.98B | $7.11B | $7.61B | $8.11B | $6.54B | $7.15B | $7.50B | $8.10B | $5.97B |
| QoQ Change | — | +6.4% | +19.6% | -25.7% | +31.5% | +6.4% | +21.9% | -33.4% | +22.1% | +6.6% | +26.0% | -30.9% | +18.9% | +7.1% | +6.6% | -19.4% | +9.3% | +4.9% | +8.0% | -26.3% |
| YoY Change | — | — | — | — | +24.4% | +24.3% | +26.7% | +13.6% | +5.5% | +5.7% | +9.2% | +13.3% | +10.4% | +10.9% | -6.2% | +9.4% | +0.6% | -1.5% | -0.2% | -8.7% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Lennar's homebuilding — cost and expenses?
- Lennar (LEN) reported homebuilding — cost and expenses of $5.97B in Q4 2025.
- How has Lennar's homebuilding — cost and expenses changed year-over-year?
- Lennar's homebuilding — cost and expenses decreased by 8.7% year-over-year, from $6.54B to $5.97B.
- What is the long-term trend for Lennar's homebuilding — cost and expenses?
- Over 4 years (2021 to 2025), Lennar's homebuilding — cost and expenses has grown at a 9.3% compound annual growth rate (CAGR), from $20.50B to $29.28B.
- What does homebuilding — cost and expenses mean?
- The total cost to build and sell homes within the homebuilding division.