Lennar LEN Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Revenue by Business | |||||
| Central | $7.73B-1.9% | $7.88B+7.8% | $7.3B+8.7% | $6.72B+39.3% | |
| East | $7B-15.2% | $8.25B-3.2% | $8.52B+1.6% | $8.39B+22.1% | |
| Lennar Financial Services | $1.2B+8.0% | $1.11B+13.6% | $976.86M+20.6% | $809.68M-9.9% | |
| Lennar Other | $41.43M+191% | $14.23M-35.4% | $22.04M-50.4% | $44.39M+107% | |
| Multifamily | $680.63M+65.4% | $411.54M-28.2% | $573.49M-33.7% | $865.6M+30.1% | |
| Other | $26.82M-19.9% | $33.49M-13.7% | $38.82M-3.3% | $40.14M-6.0% | |
| West | $11.91B-8.1% | $12.96B+7.2% | $12.09B-3.9% | $12.57B+19.0% | |
| Receivables, net by Business | |||||
| Lennar Financial Services | $1.85B-5.7% | $1.97B+10.9% | $1.77B-22.4% | $2.28B+12.3% | |
| Lennar Other | $0— | $0— | $0— | $0— | |
| Multifamily | $161.88M-43.7% | $287.63M-32.1% | $423.31M-2.7% | $434.89M+7.7% | |
| Net additions to operating properties and equipment by Business | |||||
| Central | $2.85M-22.0% | $3.66M+129% | $1.6M+68.5% | $949K+297% | |
| East | $297K-56.8% | $688K+20.9% | $569K-72.4% | $2.07M+843% | |
| Other | $69.25M+27.8% | $54.2M+18.5% | $45.75M+600% | $6.54M-56.3% | |
| South Central | $1.74M-15.0% | $2.05M+202% | $679K— | —— | |
| West | $9.88M+160% | $3.8M+223% | $1.18M-16.8% | $1.41M-94.6% | |
| Total Assets by Business | |||||
| Central | $18.49B-11.5% | $20.9B+23.2% | $16.96B+2.1% | $16.61B+11.1% | |
| East | $22.47B-19.6% | $27.97B+0.7% | $27.78B+0.9% | $27.54B+19.5% | |
| Lennar Financial Services | $12.81B+0.7% | $12.71B+22.5% | $10.38B+0.6% | $10.32B+8.3% | |
| Lennar Other | $3.36B-31.5% | $4.9B-4.9% | $5.15B-21.8% | $6.59B— | |
| Multifamily | $4.31B-57.7% | $10.2B-17.7% | $12.39B+8.1% | $11.46B+12.8% | |
| Other | $10.3B+61.2% | $6.39B+10.2% | $5.8B+1.8% | $5.7B+4.5% | |
| West | $40.67B-15.5% | $48.1B+2.1% | $47.1B-4.1% | $49.11B+9.9% | |
| Total Liabilities by Business | |||||
| Lennar Financial Services | $7.3B+1.3% | $7.21B+12.4% | $6.41B-6.2% | $6.83B+27.1% | |
| Lennar Other | $393.52M-0.9% | $396.92M+18.5% | $334.96M-21.9% | $429.1M— | |
| Multifamily | $505.68M-42.1% | $873.61M-24.1% | $1.15B-9.8% | $1.28B+22.7% | |
| Senior notes and other debts payable, net by Business | |||||
| Lennar Financial Services | $6.47B+0.3% | $6.45B+14.2% | $5.65B-8.1% | $6.14B+30.0% | |
| Lennar Other | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0-100% | $40.96M-38.9% | $66.99M— | |
| Interest Expense by Business | |||||
| Central | $34.56M+15.3% | $29.98M-37.1% | $47.67M— | —— | |
| East | $35.41M-9.2% | $38.99M-27.9% | $54.1M— | —— | |
| Other | $10.87M-12.6% | $12.45M+18.9% | $10.47M— | —— | |
| South Central | $21.73M+55.6% | $13.97M-53.1% | $29.75M— | —— | |
| West | $72.25M-14.6% | $84.61M-26.8% | $115.6M— | —— | |
| Other assets by Business | |||||
| Lennar Financial Services | $452.82M+13.5% | $399.04M-9.7% | $442.12M+15.0% | $384.31M+57.2% | |
| Lennar Other | $525.45M+21.7% | $431.85M+117% | $198.88M+7.1% | $185.68M— | |
| Multifamily | $326.89M-5.7% | $346.72M+27.0% | $272.96M+19.5% | $228.46M-24.4% | |
| Cost and expenses by Business | |||||
| Lennar Financial Services | $585.73M+10.1% | $532.08M+13.8% | $467.4M+9.6% | $426.38M+4.6% | |
| Lennar Other | $179.45M+126% | $79.5M+187% | $27.68M-14.2% | $32.26M+4.2% | |
| Multifamily | $750.01M+43.8% | $521.46M-9.1% | $573.66M-32.4% | $848.93M+30.0% | |
| Lennar Other gains (losses) from technology investments by Business | |||||
| Central | $0— | $0— | $0— | —— | |
| East | $0— | $0— | $0— | —— | |
| Lennar Other | $97.84M+289% | $25.18M+29.0% | $19.51M+103% | -$655.1M— | |
| Multifamily | $0— | $0— | $0— | —— | |
| Other | $0— | $0— | $0— | —— | |
| South Central | $0— | $0— | $0— | —— | |
| West | $0— | $0— | $0— | —— | |
| Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance by Business | |||||
| Lennar Financial Services | $8.02B+2.8% | $7.8B+34.9% | $5.78B+5.0% | $5.51B+10.1% | |
| Lennar Other | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | |
| Investments in equity securities by Business | |||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | |
| Lennar Other | $594.57M-31.2% | $863.96M-6.7% | $926.01M-42.2% | $1.6B-50.2% | |
| Multifamily | $0— | $0— | $0— | $0— | |
| Restricted Cash by Business | |||||
| Lennar Financial Services | $209.45M+11.7% | $187.49M+56.7% | $119.62M+174% | $43.66M+5.0% | |
| Lennar Other | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | |
| D&A by Business | |||||
| Central | $30.59M+5.4% | $29.04M+5.2% | $27.59M+62.1% | $17.02M+5.6% | |
| East | $27.68M-10.2% | $30.82M-6.0% | $32.77M+42.0% | $23.08M-5.9% | |
| Other | $14.21M+4,007% | $346K+21.0% | $286K-63.0% | $774K-37.5% | |
| South Central | $11.34M+6.7% | $10.62M+3.9% | $10.23M— | —— | |
| West | $57.21M-2.0% | $58.37M-6.4% | $62.37M+15.4% | $54.06M+8.8% | |
| Investments available-for-sale by Business | |||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | |
| Lennar Other | $157.6M-0.7% | $158.67M+7.0% | $148.35M+5.8% | $140.25M— | |
| Multifamily | $0— | $0— | $0— | $0— | |
| Goodwill by Business | |||||
| Lennar Financial Services | $758.8M0.0% | $758.8M0.0% | $758.8M0.0% | $758.8M0.0% | |
| Lennar Other | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0— | $0— | |
| Cash & Equivalents by Business | |||||
| Lennar Financial Services | $866.48M+6.7% | $811.85M+8.3% | $749.45M+27.1% | $589.7M+6.7% | |
| Lennar Other | $96.14M+2.0% | $94.24M+399% | $18.89M-7.8% | $20.48M+56.1% | |
| Multifamily | $80.75M-14.4% | $94.35M-7.2% | $101.66M-34.1% | $154.33M+92.4% | |
| Inventory owned and consolidated inventory not owned by Business | |||||
| Lennar Financial Services | $0— | $0— | $0— | $0— | |
| Lennar Other | $0— | $0— | $0— | $0— | |
| Multifamily | $1.67B-28.1% | $2.32B+16.4% | $1.99B+22.5% | $1.63B+15.2% | |
| Lennar's carrying value of investments by Business | |||||
| Lennar Financial Services | $7.99M— | $0— | $0— | $0— | |
| Lennar Other | $1.48B+8.2% | $1.37B+16.9% | $1.17B-11.1% | $1.32B— | |
| Multifamily | $2.02B-8.2% | $2.2B-11.7% | $2.49B-3.5% | $2.58B-5.6% | |
| Accounts payable and other liabilities by Business | |||||
| Lennar Financial Services | $831.89M+10.3% | $754.46M-1.2% | $763.58M+10.4% | $691.9M+6.0% | |
| Lennar Other | $393.52M-2.9% | $405.41M+0.7% | $402.43M-19.8% | $501.86M— | |
| Multifamily | $505.68M-42.1% | $873.61M-21.3% | $1.11B-8.2% | $1.21B+16.3% | |
| Lennar’s Maximum Exposure to Loss by Business | |||||
| Lennar Financial Services | $543.07M-1.6% | $551.82M-2.3% | $564.86M-6.9% | $606.67M-6.0% | |
| Lennar Other | $447.63M+1.0% | $443.22M+97.7% | $224.17M+58.4% | $141.55M— | |
| Multifamily | $606.56M-25.9% | $818.32M-49.8% | $1.63B-33.1% | $2.44B-7.9% | |
| Liabilities related to consolidated inventory not owned by Business | |||||
| Lennar Financial Services | $0— | —— | —— | —— | |
| Lennar Other | $0— | —— | —— | —— | |
| Multifamily | $0— | —— | —— | —— | |
| Investments in Unconsolidated VIEs by Business | |||||
| Lennar Financial Services | $543.07M-1.6% | $551.82M-2.3% | $564.86M-6.9% | $606.67M— | |
| Lennar Other | $447.63M+1.0% | $443.22M+97.7% | $224.17M+58.4% | $141.55M— | |
| Multifamily | $602.39M-23.5% | $787.61M-49.4% | $1.56B-33.0% | $2.32B— | |
| Deposits and pre-acquisition costs on real estate by Business | |||||
| Lennar Financial Services | $0— | $0— | —— | —— | |
| Lennar Other | $0— | $0— | —— | —— | |
| Multifamily | $55.31M-56.5% | $127.18M— | —— | —— | |
| Revenue by Product | |||||
| General Contractor Services | $149.99M-50.5% | $302.71M-38.8% | $494.63M-0.7% | $498.14M-9.3% | |
| Management Fee | $43.44M-30.4% | $62.39M-25.9% | $84.21M-0.5% | $84.62M+15.9% |
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.
