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-5.3% | $7.73B-1.9% | $7.84B-2.8% | $7.97B+3.8% | $7.97B+5.9% | |
| East | $6.84B-15.1% | $7B-15.2% | $7.26B-15.7% | $7.63B-12.6% | $8.06B-7.4% | |
| Lennar Financial Services | $1.14B0.0% | $1.2B+8.0% | $1.19B+7.6% | $1.15B+4.6% | $1.14B+8.9% | |
| Lennar Other | $56.89M+198% | $41.43M+191% | $31.32M+94.5% | $21.01M+5.8% | $19.09M+12.6% | |
| Multifamily | $699.93M+103% | $680.63M+65.4% | $610.88M+31.8% | $475.86M-6.2% | $345.06M-38.3% | |
| Other | $24.96M-21.9% | $26.82M-19.9% | $30.63M-18.1% | $30.86M-25.4% | $31.94M-26.6% | |
| West | $11.27B-15.4% | $11.91B-8.1% | $12.38B-6.6% | $12.89B-0.1% | $13.32B+7.3% | |
| Receivables, net by Business | ||||||
| Lennar Financial Services | $1.73B-17.0% | $1.85B-5.7% | $1.97B-7.8% | $1.96B0.0% | $2.09B+19.4% | |
| Multifamily | $158.5M-36.2% | $161.88M-43.7% | $176.8M-45.8% | $196.22M-46.3% | $248.29M-37.2% | |
| Total Assets by Business | ||||||
| Central | $18.76B-8.9% | $18.49B-11.5% | $19.49B-1.8% | $20.04B+7.1% | $20.58B+16.8% | |
| East | $22.37B-16.4% | $22.47B-19.6% | $24.03B-12.8% | $25.54B-7.9% | $26.75B-3.8% | |
| Lennar Financial Services | $12.61B-0.3% | $12.81B+0.7% | $12.95B+1.4% | $12.67B+5.6% | $12.66B+12.8% | |
| Lennar Other | $3.36B-32.4% | $3.36B-31.5% | $4.92B-6.1% | $4.93B-4.4% | $4.97B-2.7% | |
| Multifamily | $3.88B-61.6% | $4.31B-57.7% | $9.54B-23.8% | $9.85B-21.6% | $10.1B-19.2% | |
| Other | $9.17B+17.7% | $10.3B+61.2% | $10.34B+67.5% | $9.1B+48.6% | $7.78B+30.4% | |
| West | $40.16B-13.5% | $40.67B-15.5% | $43.29B-8.4% | $44.9B-4.6% | $46.45B-1.1% | |
| Total Liabilities by Business | ||||||
| Lennar Financial Services | $7.06B-0.7% | $7.3B+1.3% | $7.43B-1.1% | $7.12B+0.5% | $7.11B+4.3% | |
| Lennar Other | $389.07M-8.1% | $393.52M-0.9% | $398.83M+7.7% | $405.79M+16.8% | $423.18M+32.0% | |
| Multifamily | $452.84M-40.8% | $505.68M-42.1% | $574.2M-40.8% | $653.51M-38.6% | $765.37M-31.5% | |
| Senior notes and other debts payable, net by Business | ||||||
| Lennar Financial Services | $6.26B-0.4% | $6.47B+0.3% | $6.61B-1.1% | $6.29B0.0% | $6.28B+4.0% | |
| Lennar Other | $0— | $0— | $0— | $0— | $0— | |
| Multifamily | $0— | $0— | $0-100% | $0-100% | $0-100% | |
| Other assets by Business | ||||||
| Lennar Financial Services | $436.28M+5.6% | $452.82M+13.5% | $439.69M-1.1% | $427.24M-2.9% | $413.33M-8.2% | |
| Lennar Other | $574.58M+30.4% | $525.45M+21.7% | $490.03M+25.7% | $454.68M+31.9% | $440.74M+70.1% | |
| Multifamily | $310.92M-12.2% | $326.89M-5.7% | $336.34M+3.0% | $346.46M+14.0% | $354.2M+22.1% | |
| Cost and expenses by Business | ||||||
| Lennar Financial Services | $576.38M+5.3% | $585.73M+10.1% | $560.81M+8.4% | $553.36M+9.4% | $547.25M+13.6% | |
| Lennar Other | $199.57M+112% | $179.45M+126% | $125.43M+104% | $97.16M+93.0% | $93.97M+210% | |
| Multifamily | $767.06M+66.0% | $750.01M+43.8% | $668.72M+21.5% | $614.64M+21.7% | $462.16M-17.1% | |
| Lennar Other gains (losses) from technology investments by Business | ||||||
| Lennar Other | $175.18M+1,408% | $97.84M+289% | $38.78M+438% | -$21.32M+20.9% | -$13.4M-167% | |
| Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance by Business | ||||||
| Lennar Financial Services | $8.03B+4.9% | $8.02B+2.8% | $8.06B+5.5% | $7.81B+10.3% | $7.65B+17.0% | |
| 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-26.7% | $594.57M-31.2% | $710M-12.7% | $734.75M-11.8% | $804.98M-11.3% | |
| Multifamily | $0— | $0— | $0— | $0— | $0— | |
| Restricted Cash by Business | ||||||
| Lennar Financial Services | $175.32M-12.9% | $209.45M+11.7% | $229.69M+13.9% | $210.72M+20.7% | $201.18M+37.9% | |
| 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-3.1% | $157.6M-0.7% | $159.14M+2.0% | $160.16M+4.6% | $160.76M+6.9% | |
| 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+15.8% | $866.48M+6.7% | $782.99M-1.6% | $723.7M-10.2% | $766.84M-6.5% | |
| Lennar Other | $91.65M-24.0% | $96.14M+2.0% | $114.9M+107% | $126.03M+364% | $120.52M+716% | |
| Multifamily | $98.34M+19.5% | $80.75M-14.4% | $77.53M-24.5% | $84.94M-20.4% | $82.29M-27.6% | |
| 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-48.3% | $1.67B-28.1% | $2.04B-10.3% | $2.27B+0.8% | $2.4B+12.9% | |
| Lennar's carrying value of investments by Business | ||||||
| Lennar Financial Services | $10.42M— | $7.99M— | $5.46M— | $2.81M— | $0— | |
| Lennar Other | $1.47B+0.9% | $1.48B+8.2% | $1.5B+17.9% | $1.47B+22.3% | $1.46B+27.0% | |
| Multifamily | $2.02B-3.0% | $2.02B-8.2% | $2.01B-12.2% | $2.04B-14.0% | $2.08B-14.6% | |
| Accounts payable and other liabilities by Business | ||||||
| Lennar Financial Services | $802.01M-3.0% | $831.89M+10.3% | $821.35M-0.8% | $829.55M+4.6% | $826.56M+6.7% | |
| Lennar Other | $389.07M-9.9% | $393.52M-2.9% | $407.32M-7.0% | $414.28M-0.2% | $431.66M+11.2% | |
| Multifamily | $452.84M-40.8% | $505.68M-42.1% | $574.2M-40.6% | $653.51M-38.2% | $765.37M-29.9% | |
| Lennar’s Maximum Exposure to Loss by Business | ||||||
| Lennar Financial Services | $542.13M-0.8% | $543.07M-1.6% | $543.32M-2.4% | $545.15M-2.6% | $546.49M-2.9% | |
| Lennar Other | $432.75M-11.3% | $447.63M+1.0% | $461.74M+21.5% | $476.24M+53.7% | $487.98M+108% | |
| Multifamily | $869.09M+64.1% | $606.56M-25.9% | $577.32M-46.6% | $551.95M-59.3% | $529.61M-67.6% | |
| 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-0.8% | $543.07M-1.6% | $543.32M-2.4% | $545.15M-2.6% | $546.49M-2.9% | |
| Lennar Other | $432.75M-11.3% | $447.63M+1.0% | $461.74M+21.5% | $476.24M+53.7% | $487.98M+108% | |
| Multifamily | $864.37M+67.3% | $602.39M-23.5% | $570.67M-44.9% | $542.57M-58.1% | $516.58M-66.9% | |
| 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-50.8% | $55.31M-56.5% | $72.86M-42.4% | $90.38M— | $106.22M— | |
| Revenue by Product | ||||||
| General Contractor Services | $172.78M-25.4% | $149.99M-50.5% | $150.32M-59.8% | $175.36M-58.9% | $231.53M-50.8% | |
| Management Fee | $39.35M-26.2% | $43.44M-30.4% | $40.26M-44.3% | $46.06M-41.2% | $53.29M-35.1% |
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.
