LEN Q1 2025 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q1 2025 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$7.6B+4.5% YoY

Gross Profit

$1.5B19.2% margin

Operating Income

$683M9.0% margin

Net Income

$520M6.8% margin

EPS (Diluted)

$1.96

QoQ Revenue Growth

-23.9%

Cash Flow

Operating Cash Flow

-$289M

Free Cash Flow

-$345M

Stock-Based Comp.

$84M

Balance Sheet

Total Assets

$35.0B

Total Liabilities

$12.1B

Stockholders' Equity

$22.7B

Cash & Equivalents

$2.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.6B	$7.3B	+4.5%
Gross Profit	$1.5B	$1.6B	-9.6%
Operating Income	$683M	$876M	-22.1%
Net Income	$520M	$719M	-27.8%

Revenue Segments

Lennar Homebuilding East, Central, West, Houston, and Other

$7.3B95%

Lennar Financial Services

$277M4%

Lennar Multifamily

$73M1%

Lennar - Other

$24M0%

Geographic Segments

Homebuilding West

$2.9B40%

Homebuilding East

$1.7B23%

Homebuilding Central

$1.6B21%

Homebuilding Texas

$1.2B16%

Homebuilding Other Regions

$8M0%