Company / SG&A Expense
Lennar SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$2.7B
FY2025
5-year range
$398.4M / $2.7B
FY2021-FY2025
Trend
+8.0%
vs FY2024
Sector context
#31 of 212
Consumer Discretionary
What the data says
Lennar's sg&a expense of $2.7B is higher than 85% of companies in the Consumer Discretionary sector (FY2025). SG&A Expense has increased for 5 consecutive years, from $321M in FY2019 to $2.7B in FY2025.
Based on SEC 10-K filings.
$2.7B in FY2025 with a 5-year CAGR of +51.7%. Top quartile in the Consumer Discretionary sector.
Increased from $2.2B to $2.7B over the past 2 years.
Consumer Discretionary sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- +51.7%
- 10-Year CAGR
- -
Sector benchmark
+75.4% above sector average
Key checks
Key Insights
- 5-year CAGR of +51.7%, indicating consistent growth.
- In FY2025, sg&a expense increased 8.0% year-over-year.
- Ranks #31 out of 212 companies in the Consumer Discretionary sector.
- Lowest sg&a expense in the period was in FY2016.
Company context
Key Data Points
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.7B | +8.0% |
| FY2024 | $2.5B | +11.2% |
| FY2023 | $2.2B | - |
| FY2022 | - | - |
| FY2021 | $398.4M | +19.5% |
| FY2020 | $333.4M | +3.8% |
| FY2019 | $321.2M | -6.6% |
| FY2018 | $343.9M | +20.3% |
| FY2017 | $285.9M | +22.9% |
| FY2016 | $232.6M | +7.5% |
As of FY2025 · SEC 10-K · Updated Mar 11, 2026