Lennar (LEN) Operating Income (2010 - 2026)
Lennar's (LEN) quarterly Operating Income came in at $145.9 million in Q2 2026, down 28.08% year-over-year from $202.9 million in Q2 2025, and up 446.23% quarter-over-quarter from -$42.2 million in Q1 2026.
Analysis
Lennar (LEN) Operating Income (2010 - 2026) Analysis & Trends
Lennar has disclosed Operating Income across 17 years of filings, most recently posting $145.9 million for Q2 2026.
- In Q2 2026, Operating Income fell 28.08% year-over-year to $145.9 million; the TTM figure through May 2026 stood at $13.6 billion (down 10.8% YoY), while the FY2025 annual figure was $1.2 billion, down 68.31% from the prior year.
- Operating Income came in at $145.9 million for Q2 2026 at Lennar, up from -$42.2 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.
- Average Operating Income over 5 years is $550.9 million, with a median of -$4.0 billion recorded in 2022.
- The largest YoY upside for Operating Income was 419.33% in 2023 against a maximum downside of 378.99% in 2023.
- Over 5 years, Operating Income stood at -$6.1 billion in 2022, then jumped by 419.33% to $19.4 billion in 2023, then increased by 7.91% to $20.9 billion in 2024, then fell by 2.94% to $20.3 billion in 2025, then slumped by 99.28% to $145.9 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $145.9 million in Q2 2026, -$42.2 million in Q1 2026, and $20.3 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 39.14 Bn | 37.01 Bn | 2.15 Bn | 1.16 Bn |
| 2 | Pultegroup | 22.45 Bn | 21.07 Bn | 1.06 Bn | 675.23 Mn |
| 3 | Lennar | 19.43 Bn | 17.25 Bn | 7.69 Bn | 145.95 Mn |
| 4 | Nvr | 16.68 Bn | 15.59 Bn | 485.14 Mn | 334.42 Mn |
| 5 | Toll Brothers | 12.67 Bn | 11.61 Bn | 625.22 Mn | 359.15 Mn |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 141.79 Mn |
| 7 | Meritage Homes | 4.20 Bn | 3.39 Bn | 254.14 Mn | 109.95 Mn |
| 8 | M | 3.64 Bn | 2.91 Bn | 235.50 Mn | -723.20 Mn |
| 9 | Kb Home | 3.06 Bn | 3.00 Bn | 174.03 Mn | -36.76 Mn |
| 10 | Green Brick Partners | 2.95 Bn | 2.82 Bn | 157.52 Mn | 103.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 145.95 Mn |
| Feb 28, 2026 | -42.15 Mn |
| Nov 30, 2025 | 20.31 Bn |
| Aug 31, 2025 | -6.80 Bn |
| May 31, 2025 | 202.93 Mn |
| Feb 28, 2025 | 465.31 Mn |
| Nov 30, 2024 | 20.93 Bn |
| Aug 31, 2024 | -6.33 Bn |
| May 31, 2024 | -5.89 Bn |
| Feb 29, 2024 | -5.08 Bn |
| Nov 30, 2023 | 19.39 Bn |
| Aug 31, 2023 | -5.39 Bn |
| May 31, 2023 | -5.25 Bn |
| Feb 28, 2023 | -4.46 Bn |
| Nov 30, 2022 | -6.07 Bn |
| Aug 31, 2022 | -4.55 Bn |
| May 31, 2022 | 1.88 Bn |
| Feb 28, 2022 | -3.56 Bn |
| Nov 30, 2021 | -4.49 Bn |
| Aug 31, 2021 | -3.90 Bn |