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Lennar LEN Multifamily — Operating earnings (loss)

Discontinued — last reported Q3 '25

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Other financials

Income statement

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Revenue$6.6B-13.3%
Net income$229.4M-55.8%
EPS (diluted)$2.57+24.8%

Balance sheet

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Cash & equivalents$2.4B-7.5%
Total debt$249.9M-2.4%
Total equity$21.9B-3.7%
Total assets$33.2B-5.1%

Cash flow

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Operating cash flow-$433.5M-50.0%
CapEx$30.0M-46.5%
Free cash flow-$463.5M-34.3%

Valuation

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Market cap$22.1B-10.7%
Enterprise value$19.96B-10.9%
P/E12.4×+5.7×
P/S0.7×0.0×

Profitability

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Net margin5.4%-5.0pp
FCF margin-0.3%-4.7pp

Returns & leverage

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Return on equity8%-7.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Lennar in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Lennar’s 10-Q, filed October 3, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's multifamily — operating earnings (loss)?
Lennar (LEN) reported multifamily — operating earnings (loss) of -$16.47M in Q2 2025.
How has Lennar's multifamily — operating earnings (loss) changed year-over-year?
Lennar's multifamily — operating earnings (loss) decreased by 120.9% year-over-year, from $78.91M to -$16.47M.
What is the long-term trend for Lennar's multifamily — operating earnings (loss)?
Over 3 years (2021 to 2024), Lennar's multifamily — operating earnings (loss) has grown at a 25.9% compound annual growth rate (CAGR), from $21.45M to $42.8M.
What does multifamily — operating earnings (loss) mean?
The profit or loss made by the multifamily business from its day-to-day operations.
How do you interpret multifamily — operating earnings (loss)?
Positive earnings indicate a healthy, profitable segment; losses suggest operational challenges or market headwinds.
How does multifamily — operating earnings (loss) compare across companies?
Standard segment operating income metric used across all public companies to measure business unit performance.