Lennar Corporation (LEN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
LEN Revenue Growth
Revenue Breakdown (FY 2025)
LEN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
LEN Revenue Analysis (2014–2025)
As of May 8, 2026, Lennar Corporation (LEN) generated trailing twelve-month (TTM) revenue of $34.13 billion, reflecting moderate decline in growth of -6.5% year-over-year. The most recent quarter (Q4 2025) recorded $9.37 billion in revenue, up 6.5% sequentially.
Looking at the longer-term picture, LEN's 5-year compound annual growth rate (CAGR) stands at +8.8%, indicating steady revenue expansion. The company achieved its highest annual revenue of $35.48 billion in 2024.
Revenue diversification analysis shows LEN's business is primarily driven by Lennar Homebuilding East, Central, West, Houston, and Other (94%), Lennar Financial Services (3%), and Lennar Multifamily (2%). With over half of revenue concentrated in Lennar Homebuilding East, Central, West, Houston, and Other, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including DHI (-5.6% YoY), PHM (-5.9% YoY), and NVR (-3.5% YoY), LEN has underperformed the peer group in terms of revenue growth. Compare LEN vs DHI →
LEN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LENCurrent | $34.1B | -6.5% | +8.8% | 8.0% | |
 DHI | $34.3B | -5.6% | +11.0% | 12.9% | |
 PHM | $17.3B | -5.9% | +9.4% | 17.3% | |
 NVR | $10.3B | -3.5% | +6.5% | 16.2% | |
 TOL | $11.0B | +1.1% | +9.2% | 15.7% | |
 MHO | $4.4B | -1.5% | +7.7% | 11.5% |
LEN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $34.19B | -3.6% | $6.07B | 17.7% | $2.75B | 8.0% |
| 2024 | $35.48B | +3.5% | $8.01B | 22.6% | $4.80B | 13.5% |
| 2023 | $34.29B | +1.7% | $8.23B | 24.0% | $5.42B | 15.8% |
| 2022 | $33.71B | +24.2% | $9.20B | 27.3% | $6.76B | 20.1% |
| 2021 | $27.14B | +20.8% | $7.34B | 27.1% | $5.09B | 18.8% |
| 2020 | $22.46B | +0.9% | $5.17B | 23.0% | $3.12B | 13.9% |
| 2019 | $22.26B | +8.2% | $4.51B | 20.3% | $2.51B | 11.3% |
| 2018 | $20.57B | +62.6% | $3.94B | 19.2% | $1.99B | 9.7% |
| 2017 | $12.65B | +15.5% | $2.66B | 21.0% | $1.38B | 10.9% |
| 2016 | $10.95B | +15.7% | $2.41B | 22.0% | $1.28B | 11.7% |
Full LEN Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See LEN's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs LEN Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare LEN vs AMZN
Side-by-side business, growth, and profitability comparison vs Amazon.com, Inc..
Start ComparisonLEN — Frequently Asked Questions
Quick answers to the most common questions about buying LEN stock.
Is LEN's revenue growth accelerating or slowing?
LEN revenue declined -6.5% year-over-year, contrasting with the 5-year CAGR of +8.8%. TTM revenue fell to $34.1B. This reverses the prior growth trend.
What is LEN's long-term revenue growth rate?
Lennar Corporation's 5-year revenue CAGR of +8.8% reflects the variable expansion pattern. Current YoY growth of -6.5% is below this long-term average.
How is LEN's revenue distributed by segment?
LEN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.