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LEN

Lennar·NYSE
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LEN fundamentals

Lennar (LEN) released its earnings on Dec 16, 2025: revenue was 9.37B (YoY -5.85%), beat estimates; EPS was 2.03 (YoY -50.00%), missed estimates.
Revenue / YoY
9.37B
-5.85%
EPS / YoY
2.03
-50.00%
Report date
Dec 16, 2025
LEN Earnings Call Summary for Q4,2025
  • Volume Growth Amid Margin Pressure: Delivered 23,034 homes in Q4 2025, up 3% YoY, but gross margin fell to 17% due to 14% incentives. 2026 deliveries expected to grow 3% to 85,000 homes.
  • Operational Efficiency Wins: Cycle time reduced to 127 days (8% YoY), vertical costs down 5%, and inventory turn improved to 2.2x. Controls 98% of homesites with <5% land on balance sheet.
  • Government Watch: Federal focus on affordability may drive 2026 programs, with potential impact on incentives and demand activation.
  • Financial Strength: $3.4 billion cash, $2.7 billion share buybacks in 2025. Q1 2026 EPS guidance of $0.80-$1.10 reflects margin trough before normalization.
EPS
Revenue

Revenue & Expenses

LEN has released its 2025 Q4 earnings report, with revenue of 9.37B, reflecting a YoY change of -5.82%, and net profit of 497.96M, showing a YoY change of -54.73%. The Sankey diagram below clearly presents LEN's revenue sources and cost distribution.

Key Indicators

Lennar (LEN) key financial stats and ratios, covering profitability, financial health, and leverage.
Lennar (LEN)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.
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Lennar (LEN)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.
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Lennar (LEN)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.
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Where does Lennar (LEN) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Lennar (LEN) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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Dividend Yield