Lennar Corporation (NYSE:LEN) Earnings Overview

Core Insights - Lennar Corporation is a leading homebuilder in the U.S., operating in homebuilding, financial services, and multifamily segments, facing challenges from fluctuating market conditions [1] Financial Performance - For Q4 2025, Lennar reported an EPS of $1.93, missing the estimate of $2.21, and a decline from $4.03 a year ago [2] - The company exceeded revenue expectations with $9.37 billion, surpassing the estimated $9 billion [3][6] - For the fiscal year 2025, Lennar reported net earnings of $2.1 billion, with an EPS of $7.98, and total revenues of $34.2 billion [5] Operational Metrics - New orders increased by 18% in Q4, totaling 20,018 homes, while deliveries rose by 4% to 23,034 homes [3] - For the fiscal year, new orders totaled 83,978 homes, reflecting a 9% increase, and deliveries reached 82,583 homes, a 3% increase [5] Financial Position - Lennar maintains a strong financial position with $3.4 billion in cash and cash equivalents, and no outstanding borrowings under its $3.1 billion revolving credit facility [4][6] - The homebuilding debt to total capital ratio stands at 15.7% [4] - The multifamily segment reported an operating loss of $44 million, indicating challenges in that area [4]