Lennar (LEN-B) Gross Margin (2009 - 2026)
Lennar recorded quarterly Gross Margin of 96.1% in Q1 2026, up 13.21% quarter-over-quarter from 84.88% in Q4 2025, and down 88.0% year-over-year from 800.81% in Q1 2025.
Lennar's Gross Margin history runs 18 years deep, the most recent figure standing at 96.1% for Q1 2026.
- In Q1 2026, Gross Margin fell 88.0% year-over-year to 96.1%; the TTM figure through Feb 2026 stood at 71.59% (down 8183.0% YoY), while the FY2025 annual figure was 95.57%, down 124.0% from the prior year.
- Gross Margin came in at 96.1% for Q1 2026 at Lennar, up from 84.88% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 296.68% in Q4 2024 to a low of 14.9% in Q3 2025.
- A 5-year average of 109.04% and a median of 97.9% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin surged 20625 bps in 2024 and sank 21180 bps in 2025, its largest moves.
- Lennar's Gross Margin stood at 261.12% in 2022, then tumbled by 65 bps to 90.43% in 2023, then surged by 228 bps to 296.68% in 2024, then slumped by 71 bps to 84.88% in 2025, then grew by 13 bps to 96.1% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 96.1%, 84.88%, and 14.9% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 42.35 Bn | 41.00 Bn | 1.70 Bn | 22.54% |
| 2 | Pultegroup | 22.70 Bn | 20.89 Bn | 881.27 Mn | 25.85% |
| 3 | Lennar | 21.95 Bn | 19.75 Bn | 6.36 Bn | 96.10% |
| 4 | Nvr | 16.98 Bn | 15.33 Bn | 1.31 Bn | 69.49% |
| 5 | Toll Brothers | 13.26 Bn | 12.07 Bn | 476.99 Mn | 22.23% |
| 6 | Installed Building Products | 5.63 Bn | 5.15 Bn | 212.30 Mn | 32.14% |
| 7 | Taylor Morrison Home | 5.62 Bn | 5.62 Bn | 290.64 Mn | 20.95% |
| 8 | Meritage Homes | 4.40 Bn | 3.63 Bn | -269,000.00 | -0.07% |
| 9 | Cavco Industries | 4.23 Bn | 4.20 Bn | 135.92 Mn | 23.39% |
| 10 | Lennar | - | - | 6.36 Bn | 96.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 96.10% |
| Nov 30, 2025 | 84.88% |
| Aug 31, 2025 | 14.90% |
| May 31, 2025 | 96.96% |
| Feb 28, 2025 | 96.98% |
| Nov 30, 2024 | 296.68% |
| Aug 31, 2024 | 98.63% |
| May 31, 2024 | 98.83% |
| Feb 29, 2024 | 99.88% |
| Nov 30, 2023 | 90.43% |
| Aug 31, 2023 | 98.66% |
| May 31, 2023 | 98.63% |
| Feb 28, 2023 | 97.70% |
| Nov 30, 2022 | 261.12% |
| Aug 31, 2022 | 99.89% |
| May 31, 2022 | 97.90% |
| Feb 28, 2022 | 25.43% |
| Nov 30, 2021 | 101.04% |
| Aug 31, 2021 | 34.81% |
| May 31, 2021 | 96.77% |
| Feb 28, 2021 | 97.54% |
| Nov 30, 2020 | 278.93% |
| Aug 31, 2020 | 99.96% |
| May 31, 2020 | 97.66% |
| Feb 29, 2020 | 99.94% |
| Nov 30, 2019 | 157.20% |
| Aug 31, 2019 | 100.00% |
| May 31, 2019 | 17.54% |
| Feb 28, 2019 | 100.00% |
| Nov 30, 2018 | 93.45% |
| Aug 31, 2018 | 100.00% |
| May 31, 2018 | 98.36% |
| Feb 28, 2018 | 99.11% |
| Nov 30, 2017 | 275.78% |
| Aug 31, 2017 | 99.92% |
| May 31, 2017 | 100.00% |
| Feb 28, 2017 | 100.00% |
| Nov 30, 2016 | 100.80% |
| Aug 31, 2016 | 100.00% |
| May 31, 2016 | 98.17% |
| Feb 29, 2016 | 99.98% |
| Nov 30, 2015 | 98.33% |
| Aug 31, 2015 | 96.72% |
| May 31, 2015 | 100.00% |
| Feb 28, 2015 | 99.99% |
| Nov 30, 2014 | 106.41% |
| Aug 31, 2014 | 99.85% |
| May 31, 2014 | 99.74% |
| Feb 28, 2014 | 98.98% |
| Nov 30, 2013 | 98.36% |
| Aug 31, 2013 | 22.28% |
| May 31, 2013 | 24.69% |
| Feb 28, 2013 | 99.61% |
| Nov 30, 2012 | 89.91% |
| Aug 31, 2012 | 99.54% |
| May 31, 2012 | 99.33% |
| Feb 29, 2012 | 99.46% |
| Nov 30, 2011 | 93.88% |
| Aug 31, 2011 | 96.82% |
| May 31, 2011 | 99.67% |
| Feb 28, 2011 | 94.21% |
| Nov 30, 2010 | 86.94% |
| Aug 31, 2010 | 95.32% |
| May 31, 2010 | 92.52% |
| Feb 28, 2010 | 90.55% |
| Nov 30, 2009 | 105.35% |
| Aug 31, 2009 | 90.85% |