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LEN
Lennar CorporationStock · Consumer DiscretionaryS&P 500 0.0%
$84.66+$2.53 (+3.07%)as of market close, Jul 24, 2026
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How Lennar makes money

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How does Lennar make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Lennar Corporation · FY2025 · year ended 2025-11-30
Revenue$34.2BGross profit$34.2B · 100%Cost of revenue$0 · 0%Operating income$31.5B · 92%Operating expenses$2.7B · 8%SG&A$2.7B · 8%Pre-tax income$2.8B · 8%Other expense$28.7B · 84%Net income$2.1B · 6%Income tax$706M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.