Lennar Q3 FY25: where the revenue came from and where it went
The whole income statement of Lennar for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jun 1 – Aug 31, 2025
- Reported
- Oct 3, 2025
Revenue$8.81B
−6% year over year
Operating profit$0.70B
8% margin
Net profit$0.59B
7% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 8.81 | 100% | −6% |
| Homebuilding West | 2.96 | 34% | −15% |
| Homebuilding Central | 2.08 | 23% | −6% |
| Homebuilding East | 1.70 | 19% | −18% |
| Homebuilding Texas | 1.51 | 17% | +17% |
| Lennar financial | 0.31 | 4% | +15% |
| Lennar multi | 0.23 | 3% | +144% |
| Lennar other | 0.01 | 0% | +283% |
| Other regions | 0.01 | 0% | −4% |
| Operating expenses | −8.11 | 92% | |
| G&A | −0.17 | 2% | +0pp |
| Other | −7.94 | 90% | +0pp |
| Operating profit | 0.70 | 8% margin | −6pp |
| Other income, net | 0.08 | ||
| Tax | −0.19 | ||
| Net profit | 0.59 | 7% margin | −6pp |
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