FINHUB Insights

LEN · Q4 FY25 · Sep 1 – Nov 30, 2025

Lennar Q4 FY25: where the revenue came from and where it went

Lennar Q4 FY25: revenue $9.4B (−6% year over year). Net profit $0.5B. Largest cohort East $7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 1 – Nov 30, 2025
Reported
Jan 28, 2026 10-K
Sankey diagram of Lennar's income statement for Q4 FY25: revenue of $9.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$9.4B −6% year over year
Operating profit$0.8B 8% margin
Net profit$0.5B 5% margin

The numbers

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Nov 30, 2025).
ItemValueShare of revenueYear over year
Revenue 9.4 100% −6%
East 7 74%
Financial Services 1.2 13%
Multifamily 0.7 7%
Other 0.5 5% +1245%
G&A−0.22%+0pp
Other−8.490%+0pp
Operating profit0.88% margin−6pp
Tax−0.2
Interest & other costs−0.1
Net profit0.55%−6pp
Filing on EDGAR More quarters of LEN

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.

Older quarters