Lennar LEN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Central | $1.35B-42.7% | $2.35B+13.2% | $2.08B+17.1% | $1.77B+15.6% | $1.53B-37.6% | |
| East | $1.53B-20.0% | $1.91B+11.9% | $1.7B-0.2% | $1.71B+1.6% | $1.68B-22.3% | |
| Lennar Financial Services | $215.56M-30.2% | $308.83M-1.7% | $314.2M+5.4% | $298.1M+7.6% | $277.08M-9.0% | |
| Lennar Other | $22.86M+54.0% | $14.85M+6.5% | $13.94M+166% | $5.24M-29.2% | $7.4M+56.3% | |
| Multifamily | $82.5M-48.0% | $158.66M-30.6% | $228.47M-0.8% | $230.31M+264% | $63.2M-28.9% | |
| Other | $6.48M+65.1% | $3.93M-36.2% | $6.16M-26.7% | $8.4M+0.6% | $8.35M+7.9% | |
| South Central | $1.16B— | —— | —— | —— | $1.17B-2.5% | |
| West | $2.26B-30.0% | $3.22B+8.8% | $2.96B+4.5% | $2.83B-2.1% | $2.89B-21.5% | |
| Other income, net and other gains, net by Business | ||||||
| Central | $1.88M— | —— | —— | —— | $2.05M-73.6% | |
| East | -$3.82M— | —— | —— | —— | $25.32M+45.0% | |
| Lennar Other | $1.14M— | —— | —— | —— | -$8.12M-172% | |
| Multifamily | $307K— | —— | —— | —— | $9.43M+1,996% | |
| Other | $12.34M— | —— | —— | —— | $3.92M-53.8% | |
| South Central | -$1.67M— | —— | —— | —— | -$452K-119% | |
| West | -$2.03M— | —— | —— | —— | -$478K-106% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Central | $44.35M— | —— | —— | —— | $133.72M-50.6% | |
| East | $114.96M— | —— | —— | —— | $224.35M-43.9% | |
| Lennar Financial Services | $91.31M— | —— | —— | —— | $143.48M-0.6% | |
| Lennar Other | -$5.25M— | —— | —— | —— | -$89.28M-645% | |
| Multifamily | $17.86M— | —— | —— | —— | -$23K-100% | |
| Other | $31.5M— | —— | —— | —— | $30.34M+153% | |
| South Central | $92.81M— | —— | —— | —— | $122.08M-35.2% | |
| West | $89.42M— | —— | —— | —— | $298.78M-35.7% | |
| Costs and Expenses by Business | ||||||
| Central | $1.3B— | —— | —— | —— | $1.4B-17.9% | |
| East | $1.42B— | —— | —— | —— | $1.49B-11.9% | |
| Lennar Financial Services | $124.24M— | —— | —— | —— | $133.59M+0.4% | |
| Lennar Other | $43.68M— | —— | —— | —— | $23.56M+18.6% | |
| Multifamily | $90.43M— | —— | —— | —— | $73.38M-43.7% | |
| Other | $13.87M— | —— | —— | —— | $10.33M-13.7% | |
| South Central | $1.07B— | —— | —— | —— | $1.04B+3.3% | |
| West | $2.16B— | —— | —— | —— | $2.6B-6.8% | |
| Receivables, net by Business | ||||||
| Lennar Financial Services | $305.46M-28.9% | $429.56M-22.8% | $556.27M+26.2% | $440.85M+3.4% | $426.41M-21.9% | |
| Multifamily | $39.89M+3.1% | $38.67M-15.4% | $45.72M+33.6% | $34.23M-20.9% | $43.26M-19.3% | |
| Total Assets by Business | ||||||
| Central | $4.69B+2.6% | $4.57B-5.8% | $4.85B+4.0% | $4.66B+5.5% | $4.42B-20.7% | |
| East | $5.51B+1.8% | $5.41B-5.4% | $5.72B+0.1% | $5.72B+1.9% | $5.62B-19.4% | |
| Lennar Financial Services | $2.81B-16.9% | $3.38B+0.3% | $3.37B+10.1% | $3.06B+1.9% | $3B-14.7% | |
| Lennar Other | $829.67M-7.6% | $897.63M+6.3% | $844.6M+6.8% | $790.54M-4.1% | $824.25M-66.5% | |
| Multifamily | $842.1M-6.7% | $902.14M-9.9% | $1B-11.6% | $1.13B-11.1% | $1.28B-79.2% | |
| Other | $1.8B+6.4% | $1.69B-39.8% | $2.81B-1.6% | $2.86B-2.7% | $2.94B+69.9% | |
| West | $9.78B+2.7% | $9.52B-8.8% | $10.44B+0.2% | $10.42B+1.4% | $10.28B-15.4% | |
| Total Liabilities by Business | ||||||
| Lennar Financial Services | $1.39B-30.9% | $2.01B-2.9% | $2.07B+30.0% | $1.59B-2.1% | $1.63B-24.0% | |
| Lennar Other | $95.17M-5.3% | $100.45M+1.9% | $98.59M+3.9% | $94.87M-4.8% | $99.62M-5.8% | |
| Multifamily | $88.55M-21.9% | $113.36M-2.3% | $116.01M-14.0% | $134.92M-4.6% | $141.38M-22.3% | |
| Senior notes and other debts payable, net by Business | ||||||
| Lennar Financial Services | $1.19B-33.5% | $1.79B-3.9% | $1.86B+31.6% | $1.42B+1.4% | $1.4B-27.6% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| SG&A by Business | ||||||
| Central | $148.21M— | —— | —— | —— | $152.32M-4.6% | |
| East | $162.77M— | —— | —— | —— | $162.19M-6.0% | |
| Other | $7.71M— | —— | —— | —— | $4.03M-12.3% | |
| South Central | $107.63M— | —— | —— | —— | $94.82M+2.3% | |
| West | $191.17M— | —— | —— | —— | $202.38M+6.2% | |
| Other assets by Business | ||||||
| Lennar Financial Services | $107.6M+4.7% | $102.76M-17.0% | $123.79M+21.2% | $102.13M-17.7% | $124.14M+38.5% | |
| Lennar Other | $182.97M+50.2% | $121.85M-2.6% | $125.16M-13.4% | $144.6M+8.0% | $133.84M+54.9% | |
| Multifamily | $74.18M-11.7% | $84M+3.7% | $80.99M+12.9% | $71.75M-20.4% | $90.15M-3.5% | |
| Cost and expenses by Business | ||||||
| Lennar Financial Services | $124.24M-29.0% | $175M+28.4% | $136.32M-3.2% | $140.82M+5.4% | $133.59M-11.0% | |
| Lennar Other | $43.68M-45.7% | $80.41M+76.9% | $45.45M+51.4% | $30.03M+27.4% | $23.56M-10.7% | |
| Multifamily | $90.43M-50.6% | $183.17M-23.3% | $238.79M-6.2% | $254.68M+247% | $73.38M-28.0% | |
| Lennar Other gains (losses) from technology investments by Business | ||||||
| Lennar Other | $14.84M-83.6% | $90.56M-8.7% | $99.22M+437% | -$29.44M+52.9% | -$62.5M-298% | |
| Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance by Business | ||||||
| Lennar Financial Services | $1.85B-16.5% | $2.21B+6.3% | $2.08B+10.3% | $1.89B+2.8% | $1.84B-18.4% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Investments in equity securities by Business | ||||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Lennar Other | $108.01M-53.5% | $232.37M+38.9% | $167.33M+102% | $82.71M-26.2% | $112.15M-67.8% | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Equity in earnings from unconsolidated entities by Business | ||||||
| Central | $59K— | —— | —— | —— | -$3K-101% | |
| East | $10.68M— | —— | —— | —— | $6.64M-14.5% | |
| Lennar Other | -$394K— | —— | —— | —— | -$2.5M+81.2% | |
| Multifamily | $25.48M— | —— | —— | —— | $727K-98.1% | |
| Other | $26.54M— | —— | —— | —— | $28.4M+301% | |
| South Central | -$15K— | —— | —— | —— | -$2K+52.9% | |
| West | $912K— | —— | —— | —— | -$28K-102% | |
| Restricted Cash by Business | ||||||
| Lennar Financial Services | $14.63M-69.8% | $48.5M-25.2% | $64.86M+37.0% | $47.33M-2.9% | $48.76M-29.1% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Ancillary costs and expenses by Business | ||||||
| Lennar Financial Services | $124.24M— | —— | —— | —— | $133.59M+0.4% | |
| Lennar Other | $43.68M— | —— | —— | —— | $23.56M+18.6% | |
| Multifamily | $90.43M— | —— | —— | —— | $73.38M-43.7% | |
| Investments available-for-sale by Business | ||||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Lennar Other | $38.66M-1.0% | $39.06M0.0% | $39.07M0.0% | $39.07M-3.3% | $40.4M-0.5% | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Lennar Financial Services | $189.7M0.0% | $189.7M0.0% | $189.7M0.0% | $189.7M0.0% | $189.7M0.0% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Cash & Equivalents by Business | ||||||
| Lennar Financial Services | $210.15M-18.8% | $258.87M+19.8% | $216.13M+6.7% | $202.65M+7.3% | $188.83M+7.7% | |
| Lennar Other | $24.49M+11.6% | $21.94M-2.6% | $22.53M-0.7% | $22.69M-21.7% | $28.98M-28.8% | |
| Multifamily | $32.62M-4.5% | $34.17M+97.1% | $17.34M+22.0% | $14.21M-5.4% | $15.03M-51.4% | |
| Inventory owned and consolidated inventory not owned by Business | ||||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $212.88M-4.8% | $223.62M-30.7% | $322.5M-32.9% | $480.65M-25.3% | $643.21M+8.5% | |
| Lennar's carrying value of investments by Business | ||||||
| Lennar Financial Services | $2.43M-3.8% | $2.53M-4.9% | $2.66M-5.3% | $2.81M— | $0— | |
| Lennar Other | $361.09M-1.9% | $367.97M-1.2% | $372.26M+1.2% | $367.99M-2.0% | $375.39M-1.1% | |
| Multifamily | $474.77M-6.3% | $506.57M-2.5% | $519.51M+0.2% | $518.45M+9.7% | $472.67M-6.1% | |
| Accounts payable and other liabilities by Business | ||||||
| Lennar Financial Services | $199.27M-9.5% | $220.29M+6.8% | $206.21M+17.0% | $176.25M-23.1% | $229.15M+9.2% | |
| Lennar Other | $95.17M-5.3% | $100.45M+1.9% | $98.59M+3.9% | $94.87M-4.8% | $99.62M-12.8% | |
| Multifamily | $88.55M-21.9% | $113.36M-2.3% | $116.01M-14.0% | $134.92M-4.6% | $141.38M-22.3% | |
| Lennar’s Maximum Exposure to Loss by Business | ||||||
| Lennar Financial Services | $133.43M-1.5% | $135.4M-0.6% | $136.22M-0.6% | $137.09M+2.0% | $134.37M-0.9% | |
| Lennar Other | $103.9M-1.2% | $105.15M-5.0% | $110.73M-2.0% | $112.97M-4.9% | $118.78M-0.4% | |
| Multifamily | $380.52M+125% | $169.36M+4.5% | $162.07M+3.1% | $157.14M+33.2% | $117.99M-15.8% | |
| Liabilities related to consolidated inventory not owned by Business | ||||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Investments in Unconsolidated VIEs by Business | ||||||
| Lennar Financial Services | $133.43M-1.5% | $135.4M-0.6% | $136.22M-0.6% | $137.09M+2.0% | $134.37M-0.9% | |
| Lennar Other | $103.9M-1.2% | $105.15M-5.0% | $110.73M-2.0% | $112.97M-4.9% | $118.78M-0.4% | |
| Multifamily | $379.06M+126% | $167.87M+4.3% | $161.01M+2.9% | $156.43M+33.6% | $117.08M-14.0% | |
| Deposits and pre-acquisition costs on real estate by Business | ||||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $7.76M-48.6% | $15.1M-2.1% | $15.43M+10.5% | $13.97M+29.0% | $10.83M-66.8% | |
| Revenue by Product | ||||||
| General Contractor Services | $53.24M+8.4% | $49.12M+16.5% | $42.15M+49.1% | $28.26M-7.2% | $30.45M-38.4% | |
| Home | $6.27B— | —— | —— | —— | $7.24B-14.3% | |
| Land | $15.16M— | —— | $0-100% | $145.12M+311% | $35.33M-55.2% | |
| Management Fee | $2.84M-88.6% | $24.94M+387% | $5.13M-20.4% | $6.44M-7.3% | $6.94M-68.1% | |
| Other revenues | $331.4M— | —— | —— | —— | $355.67M-9.4% | |
| Cost of Sales by Product | ||||||
| Home | $5.32B— | —— | —— | —— | $5.89B-10.3% | |
| Land | $31.31M— | —— | —— | —— | $36.08M+95.5% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Lennar break its business down?
- Lennar (LEN) reports revenue by business across 8 parts — Central, East, Lennar Financial Services, Lennar Other and Multifamily. Each is extracted from the segment footnotes and tracked over time.
- Where does Lennar's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Lennar's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
