Lennar reports third quarter 2025 results

Third quarter 2025 highlights - comparisons to the prior year quarter net earnings per diluted share of $2.29 ($2.00 excluding mark-to-market gains on technology investments) net earnings of $591 million new orders increased 12% to 23,004 homes backlog of 16,953 homes with a dollar value of $6.6 billion deliveries of 21,584 homes - consistent with prior year total revenues of $8.8 billion homebuilding operating earnings of $760 million gross margin on home sales of 17.5% sg&a expenses as a % of revenues from home sales of 8.2% net margin on home sales of 9.2% financial services operating earnings of $178 million multifamily operating loss of $16 million lennar other operating earnings of $62 million years supply of owned homesites of 0.1 years controlled homesites of 98% homebuilding cash and cash equivalents of $1.4 billion outstanding borrowings of $1.1 billion under the company's $3.1 billion revolving credit facility homebuilding debt to total capital of 13.5% repurchased 4.1 million shares of lennar common stock for $507 million miami , sept. 18, 2025 /prnewswire/ -- lennar corporation (nyse: len and len.b), one of the nation's leading homebuilders, today reported results for its third quarter ended august 31, 2025.
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