Lennar Corporation reports its financial results for the fourth quarter and fiscal year 2025.
Key highlights include net earnings per diluted share, new orders, backlog, deliveries, total revenues, and operating earnings.
The company's strategy focuses on increasing housing supply, adapting to market conditions, and supporting housing affordability.
Financial Performance
Net earnings per diluted share for the year ended November 30, 2025 were $7.98, compared to $14.31 in 2024.
Operational Highlights
Deliveries increased by over 2,300 homes in 2025, reflecting a strategic focus on maintaining volume and reducing costs.
Market Strategy
Lennar prioritizes providing supply in a challenging market to support housing affordability and address affordability challenges.
- Despite market challenges and a government shutdown, Lennar delivered strong results in both net earnings and operational metrics.
- The company's focus on volume, cost reduction, and strategic pricing adjustments contributed to a net margin of 9.1% in the fourth quarter.
Lennar's proactive approach to market challenges, commitment to increasing housing supply, and focus on affordability position it well for future growth.