Lennar LEN Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Central | $7.54B-2.4% | $7.73B-1.4% | $7.84B-1.6% | $7.97B0.0% | $7.97B+1.2% | |
| East | $6.84B-2.2% | $7B-3.6% | $7.26B-4.9% | $7.63B-5.4% | $8.06B-2.4% | |
| Lennar Financial Services | $1.14B-5.1% | $1.2B+0.4% | $1.19B+3.5% | $1.15B+1.4% | $1.14B+2.5% | |
| Lennar Other | $56.89M+37.3% | $41.43M+32.3% | $31.32M+49.0% | $21.01M+10.1% | $19.09M+34.2% | |
| Multifamily | $699.93M+2.8% | $680.63M+11.4% | $610.88M+28.4% | $475.86M+37.9% | $345.06M-16.2% | |
| Other | $24.96M-6.9% | $26.82M-12.4% | $30.63M-0.7% | $30.86M-3.4% | $31.94M-4.6% | |
| West | $11.27B-5.4% | $11.91B-3.8% | $12.38B-4.0% | $12.89B-3.2% | $13.32B+2.8% | |
| Receivables, net by Business | ||||||
| Lennar Financial Services | $1.73B-6.5% | $1.85B-5.9% | $1.97B+0.5% | $1.96B-6.1% | $2.09B+6.2% | |
| Multifamily | $158.5M-2.1% | $161.88M-8.4% | $176.8M-9.9% | $196.22M-21.0% | $248.29M-13.7% | |
| Total Assets by Business | ||||||
| Central | $18.76B+1.5% | $18.49B-5.1% | $19.49B-2.7% | $20.04B-2.6% | $20.58B-1.5% | |
| East | $22.37B-0.5% | $22.47B-6.5% | $24.03B-5.9% | $25.54B-4.5% | $26.75B-4.3% | |
| Lennar Financial Services | $12.61B-1.5% | $12.81B-1.1% | $12.95B+2.2% | $12.67B+0.1% | $12.66B-0.4% | |
| Lennar Other | $3.36B+0.2% | $3.36B-31.7% | $4.92B-0.2% | $4.93B-0.9% | $4.97B+1.5% | |
| Multifamily | $3.88B-10.0% | $4.31B-54.8% | $9.54B-3.1% | $9.85B-2.4% | $10.1B-1.0% | |
| Other | $9.17B-11.0% | $10.3B-0.4% | $10.34B+13.6% | $9.1B+16.9% | $7.78B+21.8% | |
| West | $40.16B-1.2% | $40.67B-6.1% | $43.29B-3.6% | $44.9B-3.3% | $46.45B-3.4% | |
| Total Liabilities by Business | ||||||
| Lennar Financial Services | $7.06B-3.2% | $7.3B-1.8% | $7.43B+4.4% | $7.12B+0.1% | $7.11B-1.3% | |
| Lennar Other | $389.07M-1.1% | $393.52M-1.3% | $398.83M-1.7% | $405.79M-4.1% | $423.18M+6.6% | |
| Multifamily | $452.84M-10.4% | $505.68M-11.9% | $574.2M-12.1% | $653.51M-14.6% | $765.37M-12.4% | |
| Senior notes and other debts payable, net by Business | ||||||
| Lennar Financial Services | $6.26B-3.2% | $6.47B-2.1% | $6.61B+5.1% | $6.29B+0.1% | $6.28B-2.6% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Other assets by Business | ||||||
| Lennar Financial Services | $436.28M-3.7% | $452.82M+3.0% | $439.69M+2.9% | $427.24M+3.4% | $413.33M+3.6% | |
| Lennar Other | $574.58M+9.4% | $525.45M+7.2% | $490.03M+7.8% | $454.68M+3.2% | $440.74M+2.1% | |
| Multifamily | $310.92M-4.9% | $326.89M-2.8% | $336.34M-2.9% | $346.46M-2.2% | $354.2M+2.2% | |
| Cost and expenses by Business | ||||||
| Lennar Financial Services | $576.38M-1.6% | $585.73M+4.4% | $560.81M+1.3% | $553.36M+1.1% | $547.25M+2.9% | |
| Lennar Other | $199.57M+11.2% | $179.45M+43.1% | $125.43M+29.1% | $97.16M+3.4% | $93.97M+18.2% | |
| Multifamily | $767.06M+2.3% | $750.01M+12.2% | $668.72M+8.8% | $614.64M+33.0% | $462.16M-11.4% | |
| Lennar Other gains (losses) from technology investments by Business | ||||||
| Lennar Other | $175.18M+79.0% | $97.84M+152% | $38.78M+282% | -$21.32M-59.2% | -$13.4M-153% | |
| Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance by Business | ||||||
| Lennar Financial Services | $8.03B+0.1% | $8.02B-0.5% | $8.06B+3.1% | $7.81B+2.2% | $7.65B-1.9% | |
| 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 | $590.42M-0.7% | $594.57M-16.3% | $710M-3.4% | $734.75M-8.7% | $804.98M-6.8% | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Restricted Cash by Business | ||||||
| Lennar Financial Services | $175.32M-16.3% | $209.45M-8.8% | $229.69M+9.0% | $210.72M+4.7% | $201.18M+7.3% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Investments available-for-sale by Business | ||||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Lennar Other | $155.85M-1.1% | $157.6M-1.0% | $159.14M-0.6% | $160.16M-0.4% | $160.76M+1.3% | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Goodwill by Business | ||||||
| Lennar Financial Services | $758.8M0.0% | $758.8M0.0% | $758.8M0.0% | $758.8M0.0% | $758.8M0.0% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Cash & Equivalents by Business | ||||||
| Lennar Financial Services | $887.8M+2.5% | $866.48M+10.7% | $782.99M+8.2% | $723.7M-5.6% | $766.84M-5.5% | |
| Lennar Other | $91.65M-4.7% | $96.14M-16.3% | $114.9M-8.8% | $126.03M+4.6% | $120.52M+27.9% | |
| Multifamily | $98.34M+21.8% | $80.75M+4.2% | $77.53M-8.7% | $84.94M+3.2% | $82.29M-12.8% | |
| 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 | $1.24B-25.8% | $1.67B-18.1% | $2.04B-10.1% | $2.27B-5.3% | $2.4B+3.2% | |
| Lennar's carrying value of investments by Business | ||||||
| Lennar Financial Services | $10.42M+30.4% | $7.99M+46.3% | $5.46M+94.7% | $2.81M— | $0— | |
| Lennar Other | $1.47B-1.0% | $1.48B-0.8% | $1.5B+1.4% | $1.47B+1.2% | $1.46B+6.3% | |
| Multifamily | $2.02B+0.1% | $2.02B+0.2% | $2.01B-1.2% | $2.04B-2.1% | $2.08B-5.2% | |
| Accounts payable and other liabilities by Business | ||||||
| Lennar Financial Services | $802.01M-3.6% | $831.89M+1.3% | $821.35M-1.0% | $829.55M+0.4% | $826.56M+9.6% | |
| Lennar Other | $389.07M-1.1% | $393.52M-3.4% | $407.32M-1.7% | $414.28M-4.0% | $431.66M+6.5% | |
| Multifamily | $452.84M-10.4% | $505.68M-11.9% | $574.2M-12.1% | $653.51M-14.6% | $765.37M-12.4% | |
| Lennar’s Maximum Exposure to Loss by Business | ||||||
| Lennar Financial Services | $542.13M-0.2% | $543.07M0.0% | $543.32M-0.3% | $545.15M-0.2% | $546.49M-1.0% | |
| Lennar Other | $432.75M-3.3% | $447.63M-3.1% | $461.74M-3.0% | $476.24M-2.4% | $487.98M+10.1% | |
| Multifamily | $869.09M+43.3% | $606.56M+5.1% | $577.32M+4.6% | $551.95M+4.2% | $529.61M-35.3% | |
| Liabilities related to consolidated inventory not owned by Business | ||||||
| Lennar Financial Services | $0— | $0— | $0— | —— | —— | |
| Lennar Other | $0— | $0— | $0— | —— | —— | |
| Multifamily | $0— | $0— | $0— | —— | —— | |
| Investments in Unconsolidated VIEs by Business | ||||||
| Lennar Financial Services | $542.13M-0.2% | $543.07M0.0% | $543.32M-0.3% | $545.15M-0.2% | $546.49M-1.0% | |
| Lennar Other | $432.75M-3.3% | $447.63M-3.1% | $461.74M-3.0% | $476.24M-2.4% | $487.98M+10.1% | |
| Multifamily | $864.37M+43.5% | $602.39M+5.6% | $570.67M+5.2% | $542.57M+5.0% | $516.58M-34.4% | |
| 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 | $52.24M-5.5% | $55.31M-24.1% | $72.86M-19.4% | $90.38M-14.9% | $106.22M-16.5% | |
| Revenue by Product | ||||||
| General Contractor Services | $172.78M+15.2% | $149.99M-0.2% | $150.32M-14.3% | $175.36M-24.3% | $231.53M-23.5% | |
| Management Fee | $39.35M-9.4% | $43.44M+7.9% | $40.26M-12.6% | $46.06M-13.6% | $53.29M-14.6% |
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.
