Lennar (LEN) Operating Income (2009 - 2026)

Lennar's (LEN) quarterly Operating Income came in at -$42.2 million in Q1 2026, down 109.06% year-on-year from $465.3 million in Q1 2025, and up 94.54% quarter-over-quarter from -$772.2 million in Q4 2025.

Lennar (LEN) Operating Income (2009 - 2026) Analysis & Trends

Lennar has disclosed Operating Income across 18 years of filings, most recently posting -$42.2 million for Q1 2026.

  • Operating Income for Q1 2026 came in at -$42.2 million, down 109.06% year-over-year; the trailing twelve-month figure through Feb 2026 was -$7.2 billion (down 130.58% YoY), and the FY2025 annual result was $1.2 billion, down 68.31% from the prior year.
  • Operating Income came in at -$42.2 million for Q1 2026 at Lennar, up from -$772.2 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $20.9 billion in Q4 2024 to a low of -$6.8 billion in Q3 2025.
  • The 5-year median for Operating Income is $837.4 million (2023), against an average of $2.1 billion.
  • Across the five-year window, Operating Income tumbled 811.17% in 2022 and jumped 2399.08% in 2024, its largest moves.
  • Lennar's Operating Income stood at $18.2 billion in 2022, then slumped by 95.41% to $837.4 million in 2023, then surged by 2399.08% to $20.9 billion in 2024, then tumbled by 103.69% to -$772.2 million in 2025, then surged by 94.54% to -$42.2 million in 2026.
  • The last three Operating Income figures came in at -$42.2 million (Q1 2026), -$772.2 million (Q4 2025), and -$6.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Horton D R 43.54 Bn 42.20 Bn 1.70 Bn 800.00 Mn
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 500.94 Mn
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn -42.15 Mn
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 1.15 Bn
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 346.64 Mn
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 231.67 Mn
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 57.60 Mn
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 -51.67 Mn
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn 54.56 Mn
10 Champion Homes 4.39 Bn 3.74 Bn 172.19 Mn 62.47 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 -42.15 Mn
Nov 30, 2025 -772.22 Mn
Aug 31, 2025 -6.80 Bn
May 31, 2025 373.77 Mn
Feb 28, 2025 465.31 Mn
Nov 30, 2024 20.93 Bn
Aug 31, 2024 1.16 Bn
May 31, 2024 1.12 Bn
Feb 29, 2024 892.01 Mn
Nov 30, 2023 837.42 Mn
Aug 31, 2023 1.35 Bn
May 31, 2023 1.08 Bn
Feb 28, 2023 667.32 Mn
Nov 30, 2022 18.24 Bn
Aug 31, 2022 1.93 Bn
May 31, 2022 103.94 Mn
Feb 28, 2022 -5.12 Bn
Nov 30, 2021 18.44 Bn
Aug 31, 2021 -5.61 Bn
May 31, 2021 -25.27 Mn