FINHUB Insights

LEN · Q3 FY25 · Jun 1 – Aug 31, 2025

Lennar Q3 FY25: where the revenue came from and where it went

Lennar Q3 FY25: revenue $8.8B (−6% year over year). Net profit $0.6B. Largest cohort Homebuilding West $3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jun 1 – Aug 31, 2025
Reported
Oct 3, 2025 10-Q
Sankey diagram of Lennar's income statement for Q3 FY25: revenue of $8.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$8.8B −6% year over year
Operating profit$0.8B 9% margin
Net profit$0.6B 7% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Aug 31, 2025).
ItemValueShare of revenueYear over year
Revenue 8.8 100% −6%
Homebuilding West 3 34% −15%
Homebuilding Central 2.1 24% −6%
Homebuilding East 1.7 19% −18%
Homebuilding Texas 1.5 17% +17%
Lennar Financial Services 0.3 3% +15%
Lennar Multifamily 0.2 2% +144%
G&A−0.22%+0pp
Other−7.889%+0pp
Operating profit0.89% margin−7pp
Tax−0.2
Net profit0.67%−6pp
Filing on EDGAR More quarters of LEN

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters