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Lennar Q4 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
Sep 1 – Nov 30, 2025
Reported
Jan 28, 2026 10-K accession 0001628280-26-003870

Revenue$9.37B −6% year over year
Operating profit$0.68B 7% margin
Net profit$0.49B 5% margin
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The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Nov 30, 2025).
ItemValueShare of revenueYear over year
Revenue 9.37 100% −6%
East 6.97 74%
Financial services 1.20 13%
Multi 0.68 7%
Other revenue 0.48 5%
Lennar other 0.04 1%
Operating expenses−8.69 93%
G&A−0.162%+0pp
Other−8.5291%+0pp
Operating profit0.687% margin−7pp
Tax−0.19
Net profit0.49 5% margin−6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: tables in the filing (10-K). The diagram is generated automatically and checked against EDGAR before release. The fourth quarter has no column of its own in an annual report, so it is the full year minus the first nine months. How we calculate it → About and methodology.

Filing on EDGAR More quarters of LEN

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