Discontinued — last reported Q3 '25

Business Segments · Operating earnings (loss)

Homebuilding — Operating earnings (loss)

Lennar Homebuilding — Operating earnings (loss) increased by 4.3% to $759.79M in Q2 2025 compared to the prior quarter. Year-over-year, this metric declined by 48.6%, from $1.48B to $759.79M. Over 3 years (FY 2021 to FY 2024), Homebuilding — Operating earnings (loss) shows relatively stable performance with a 2.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2018
Last reportedQ3 2025Oct 3, 2025
Rolls up toOperating Income

How to read this metric

An increase suggests improved margins or higher sales volume, while a decrease indicates rising costs or weakening demand.

Detailed definition

This metric represents the core profitability of the homebuilding business segment before interest, taxes, and non-opera...

Peer comparison

Standard across all homebuilders as 'Operating Income' or 'Segment Profit'.

Metric ID: len_segment_homebuilding_operating_earnings_loss

Historical Data

18 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$1.11B$1.33B$1.76B$1.11B$1.88B$1.96B$1.82B$906.84M$1.21B$1.49B$1.91B$1.03B$1.34B$1.48B$1.50B$809.27M$728.23M$759.79M
QoQ Change+19.5%+32.1%-36.8%+69.4%+4.4%-7.1%-50.3%+33.9%+23.0%+28.0%-46.2%+30.3%+10.3%+1.2%-45.9%-10.0%+4.3%
YoY Change+69.0%+47.6%+3.8%-18.3%-35.4%-23.9%+4.9%+13.4%+10.4%-1.1%-21.8%-21.3%-45.7%-48.6%
Range$728.23M$1.96B
CAGR-8.6%
Avg YoY Growth-4.8%
Median YoY Growth-9.7%

Frequently Asked Questions

What is Lennar's homebuilding — operating earnings (loss)?
Lennar (LEN) reported homebuilding — operating earnings (loss) of $759.79M in Q2 2025.
How has Lennar's homebuilding — operating earnings (loss) changed year-over-year?
Lennar's homebuilding — operating earnings (loss) decreased by 48.6% year-over-year, from $1.48B to $759.79M.
What is the long-term trend for Lennar's homebuilding — operating earnings (loss)?
Over 3 years (2021 to 2024), Lennar's homebuilding — operating earnings (loss) has grown at a 2.0% compound annual growth rate (CAGR), from $5.03B to $5.34B.
What does homebuilding — operating earnings (loss) mean?
The profit or loss generated specifically from the company's core homebuilding operations.