Lennar LEN Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Central | $1.35B-12.1% | $2.35B-4.4% | $2.08B-5.9% | $1.77B0.0% | $1.53B+6.3% | |
| East | $1.53B-9.3% | $1.91B-11.9% | $1.7B-17.9% | $1.71B-20.2% | $1.68B-10.5% | |
| Lennar Financial Services | $215.56M-22.2% | $308.83M+1.4% | $314.2M+15.0% | $298.1M+5.8% | $277.08M+11.0% | |
| Lennar Other | $22.86M+209% | $14.85M+213% | $13.94M+283% | $5.24M+58.2% | $7.4M+191% | |
| Multifamily | $82.5M+30.5% | $158.66M+78.4% | $228.47M+144% | $230.31M+131% | $63.2M-51.3% | |
| Other | $6.48M-22.3% | $3.93M-49.3% | $6.16M-3.6% | $8.4M-11.4% | $8.35M-15.6% | |
| South Central | $1.16B-0.2% | —— | —— | —— | $1.17B-2.5% | |
| West | $2.26B-22.1% | $3.22B-12.7% | $2.96B-14.7% | $2.83B-13.2% | $2.89B+14.4% | |
| Other income, net and other gains, net by Business | ||||||
| Central | $1.88M-8.1% | —— | —— | —— | $2.05M-73.6% | |
| East | -$3.82M-115% | —— | —— | —— | $25.32M+45.0% | |
| Lennar Other | $1.14M+114% | —— | —— | —— | -$8.12M-172% | |
| Multifamily | $307K-96.7% | —— | —— | —— | $9.43M+1,996% | |
| Other | $12.34M+215% | —— | —— | —— | $3.92M-53.8% | |
| South Central | -$1.67M-269% | —— | —— | —— | -$452K-119% | |
| West | -$2.03M-325% | —— | —— | —— | -$478K-106% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Central | $44.35M-66.8% | —— | —— | —— | $133.72M-50.6% | |
| East | $114.96M-48.8% | —— | —— | —— | $224.35M-43.9% | |
| Lennar Financial Services | $91.31M-36.4% | —— | —— | —— | $143.48M-0.6% | |
| Lennar Other | -$5.25M+94.1% | —— | —— | —— | -$89.28M-645% | |
| Multifamily | $17.86M+77,748% | —— | —— | —— | -$23K-100% | |
| Other | $31.5M+3.8% | —— | —— | —— | $30.34M+153% | |
| South Central | $92.81M-24.0% | —— | —— | —— | $122.08M-35.2% | |
| West | $89.42M-70.1% | —— | —— | —— | $298.78M-35.7% | |
| Costs and Expenses by Business | ||||||
| Central | $1.3B-6.9% | —— | —— | —— | $1.4B-17.9% | |
| East | $1.42B-4.8% | —— | —— | —— | $1.49B-11.9% | |
| Lennar Financial Services | $124.24M-7.0% | —— | —— | —— | $133.59M+0.4% | |
| Lennar Other | $43.68M+85.4% | —— | —— | —— | $23.56M+18.6% | |
| Multifamily | $90.43M+23.2% | —— | —— | —— | $73.38M-43.7% | |
| Other | $13.87M+34.2% | —— | —— | —— | $10.33M-13.7% | |
| South Central | $1.07B+2.5% | —— | —— | —— | $1.04B+3.3% | |
| West | $2.16B-16.6% | —— | —— | —— | $2.6B-6.8% | |
| Receivables, net by Business | ||||||
| Lennar Financial Services | $305.46M-28.4% | $429.56M-21.3% | $556.27M+1.7% | $440.85M-22.4% | $426.41M+39.9% | |
| Multifamily | $39.89M-7.8% | $38.67M-27.8% | $45.72M-29.8% | $34.23M-60.3% | $43.26M-47.6% | |
| Total Assets by Business | ||||||
| Central | $4.69B+6.1% | $4.57B-18.0% | $4.85B-10.1% | $4.66B-10.5% | $4.42B-6.8% | |
| East | $5.51B-1.9% | $5.41B-22.3% | $5.72B-20.9% | $5.72B-17.5% | $5.62B-17.8% | |
| Lennar Financial Services | $2.81B-6.4% | $3.38B-4.0% | $3.37B+8.9% | $3.06B+0.5% | $3B-1.8% | |
| Lennar Other | $829.67M+0.7% | $897.63M-63.5% | $844.6M-1.1% | $790.54M-5.4% | $824.25M+9.9% | |
| Multifamily | $842.1M-34.0% | $902.14M-85.3% | $1B-23.6% | $1.13B-17.7% | $1.28B-7.5% | |
| Other | $1.8B-38.7% | $1.69B-2.1% | $2.81B+78.8% | $2.86B+85.3% | $2.94B+90.2% | |
| West | $9.78B-4.9% | $9.52B-21.6% | $10.44B-13.3% | $10.42B-12.9% | $10.28B-13.9% | |
| Total Liabilities by Business | ||||||
| Lennar Financial Services | $1.39B-14.5% | $2.01B-6.1% | $2.07B+17.6% | $1.59B+0.6% | $1.63B-5.5% | |
| Lennar Other | $95.17M-4.5% | $100.45M-5.0% | $98.59M-6.6% | $94.87M-15.5% | $99.62M+35.8% | |
| Multifamily | $88.55M-37.4% | $113.36M-37.7% | $116.01M-40.6% | $134.92M-45.3% | $141.38M-43.4% | |
| Senior notes and other debts payable, net by Business | ||||||
| Lennar Financial Services | $1.19B-14.8% | $1.79B-7.3% | $1.86B+20.6% | $1.42B+0.4% | $1.4B-10.7% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| SG&A by Business | ||||||
| Central | $148.21M-2.7% | —— | —— | —— | $152.32M-4.6% | |
| East | $162.77M+0.4% | —— | —— | —— | $162.19M-6.0% | |
| Other | $7.71M+91.6% | —— | —— | —— | $4.03M-12.3% | |
| South Central | $107.63M+13.5% | —— | —— | —— | $94.82M+2.3% | |
| West | $191.17M-5.5% | —— | —— | —— | $202.38M+6.2% | |
| Other assets by Business | ||||||
| Lennar Financial Services | $107.6M-13.3% | $102.76M+14.6% | $123.79M+11.2% | $102.13M+15.8% | $124.14M+13.0% | |
| Lennar Other | $182.97M+36.7% | $121.85M+41.0% | $125.16M+39.4% | $144.6M+10.7% | $133.84M+7.1% | |
| Multifamily | $74.18M-17.7% | $84M-10.1% | $80.99M-11.1% | $71.75M-9.7% | $90.15M+9.0% | |
| Cost and expenses by Business | ||||||
| Lennar Financial Services | $124.24M-7.0% | $175M+16.6% | $136.32M+5.8% | $140.82M+4.5% | $133.59M+12.8% | |
| Lennar Other | $43.68M+85.4% | $80.41M+205% | $45.45M+165% | $30.03M+11.9% | $23.56M+159% | |
| Multifamily | $90.43M+23.2% | $183.17M+79.8% | $238.79M+29.3% | $254.68M+149% | $73.38M-44.7% | |
| Lennar Other gains (losses) from technology investments by Business | ||||||
| Lennar Other | $14.84M+124% | $90.56M+188% | $99.22M+154% | -$29.44M-36.8% | -$62.5M-161% | |
| Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance by Business | ||||||
| Lennar Financial Services | $1.85B+0.6% | $2.21B-1.7% | $2.08B+13.1% | $1.89B+9.6% | $1.84B-7.6% | |
| 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-3.7% | $232.37M-33.2% | $167.33M-12.9% | $82.71M-45.9% | $112.15M-34.5% | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Equity in earnings from unconsolidated entities by Business | ||||||
| Central | $59K+2,067% | —— | —— | —— | -$3K-101% | |
| East | $10.68M+60.9% | —— | —— | —— | $6.64M-14.5% | |
| Lennar Other | -$394K+84.2% | —— | —— | —— | -$2.5M+81.2% | |
| Multifamily | $25.48M+3,405% | —— | —— | —— | $727K-98.1% | |
| Other | $26.54M-6.5% | —— | —— | —— | $28.4M+301% | |
| South Central | -$15K-650% | —— | —— | —— | -$2K+52.9% | |
| West | $912K+3,357% | —— | —— | —— | -$28K-102% | |
| Restricted Cash by Business | ||||||
| Lennar Financial Services | $14.63M-70.0% | $48.5M-29.5% | $64.86M+41.4% | $47.33M+25.2% | $48.76M+39.0% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Ancillary costs and expenses by Business | ||||||
| Lennar Financial Services | $124.24M-7.0% | —— | —— | —— | $133.59M+0.4% | |
| Lennar Other | $43.68M+85.4% | —— | —— | —— | $23.56M+18.6% | |
| Multifamily | $90.43M+23.2% | —— | —— | —— | $73.38M-43.7% | |
| Investments available-for-sale by Business | ||||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | $0— | |
| Lennar Other | $38.66M-4.3% | $39.06M-3.8% | $39.07M-2.5% | $39.07M-1.5% | $40.4M+5.4% | |
| 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+11.3% | $258.87M+47.6% | $216.13M+37.8% | $202.65M-17.6% | $188.83M-19.2% | |
| Lennar Other | $24.49M-15.5% | $21.94M-46.1% | $22.53M-33.1% | $22.69M+32.1% | $28.98M+973% | |
| Multifamily | $32.62M+117% | $34.17M+10.4% | $17.34M-30.0% | $14.21M+23.0% | $15.03M-44.5% | |
| 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-66.9% | $223.62M-62.3% | $322.5M-41.6% | $480.65M-21.0% | $643.21M+13.1% | |
| Lennar's carrying value of investments by Business | ||||||
| Lennar Financial Services | $2.43M— | $2.53M— | $2.66M— | $2.81M— | $0— | |
| Lennar Other | $361.09M-3.8% | $367.97M-3.0% | $372.26M+6.0% | $367.99M+5.0% | $375.39M+29.6% | |
| Multifamily | $474.77M+0.4% | $506.57M+0.6% | $519.51M-4.6% | $518.45M-7.7% | $472.67M-19.4% | |
| Accounts payable and other liabilities by Business | ||||||
| Lennar Financial Services | $199.27M-13.0% | $220.29M+5.0% | $206.21M-3.8% | $176.25M+1.7% | $229.15M+45.9% | |
| Lennar Other | $95.17M-4.5% | $100.45M-12.1% | $98.59M-6.6% | $94.87M-15.5% | $99.62M+35.8% | |
| Multifamily | $88.55M-37.4% | $113.36M-37.7% | $116.01M-40.6% | $134.92M-45.3% | $141.38M-43.4% | |
| Lennar’s Maximum Exposure to Loss by Business | ||||||
| Lennar Financial Services | $133.43M-0.7% | $135.4M-0.2% | $136.22M-1.3% | $137.09M-1.0% | $134.37M-3.8% | |
| Lennar Other | $103.9M-12.5% | $105.15M-11.8% | $110.73M-11.6% | $112.97M-9.4% | $118.78M+60.5% | |
| Multifamily | $380.52M+222% | $169.36M+20.9% | $162.07M+18.6% | $157.14M+16.6% | $117.99M-71.0% | |
| 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-0.7% | $135.4M-0.2% | $136.22M-1.3% | $137.09M-1.0% | $134.37M-3.8% | |
| Lennar Other | $103.9M-12.5% | $105.15M-11.8% | $110.73M-11.6% | $112.97M-9.4% | $118.78M+60.5% | |
| Multifamily | $379.06M+224% | $167.87M+23.3% | $161.01M+21.2% | $156.43M+19.9% | $117.08M-69.8% | |
| 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-28.4% | $15.1M-53.8% | $15.43M-53.2% | $13.97M-53.1% | $10.83M-65.9% | |
| Revenue by Product | ||||||
| General Contractor Services | $53.24M+74.9% | $49.12M-0.7% | $42.15M-37.3% | $28.26M-66.5% | $30.45M-70.0% | |
| Home | $6.27B-13.4% | —— | —— | —— | $7.24B-14.3% | |
| Land | $15.16M-57.1% | —— | $0— | $145.12M— | $35.33M+194% | |
| Management Fee | $2.84M-59.0% | $24.94M+14.6% | $5.13M-53.0% | $6.44M-52.9% | $6.94M-56.7% | |
| Other revenues | $331.4M-6.8% | —— | —— | —— | $355.67M-9.4% | |
| Cost of Sales by Product | ||||||
| Home | $5.32B-9.6% | —— | —— | —— | $5.89B-10.3% | |
| Land | $31.31M-13.2% | —— | —— | —— | $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.
