LEN Q3 2025 Earnings — Lennar Corporation Revenue & Financial Results | Market Cap Arena

LENLennar Corporation

$26B

Q3 2025 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$8.8B-6.4% YoY

Gross Profit

$1.6B17.7% margin

Operating Income

$685M7.8% margin

Net Income

$591M6.7% margin

EPS (Diluted)

$2.29

QoQ Revenue Growth

+5.3%

Cash Flow

Operating Cash Flow

-$159M

Free Cash Flow

-$191M

Stock-Based Comp.

$26M

Balance Sheet

Total Assets

$34.9B

Total Liabilities

$12.1B

Stockholders' Equity

$22.6B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$8.8B	$9.4B	-6.4%
Gross Profit	$1.6B	$2.0B	-24.2%
Operating Income	$685M	$1.3B	-45.8%
Net Income	$591M	$1.2B	-49.2%

Revenue Segments

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

$8.3B93%

Lennar Financial Services

$314M4%

Lennar Multifamily

$239M3%

Lennar - Other

$45M1%

Geographic Segments

Homebuilding West

$3.0B36%

Homebuilding Central

$2.1B25%

Homebuilding East

$1.7B21%

Homebuilding Texas

$1.5B18%

Homebuilding Other Regions

$6M0%