Lennar (LEN-B) Tax Rate (2009 - 2025)

Lennar's (LEN-B) quarterly Tax Rate came in at 24.14% in Q3 2025, up 148.0% year-on-year from 9.73% in Q3 2024, and down 3.18% quarter-over-quarter from 24.94% in Q2 2025.

Lennar (LEN-B) Tax Rate (2009 - 2025) Analysis & Trends

Lennar has disclosed Tax Rate across 17 years of filings, most recently posting 24.14% for Q3 2025.

  • Tax Rate for Q3 2025 came in at 24.14%, up 148.0% year-over-year; the trailing twelve-month figure through Aug 2025 was 24.48% (up 133.0% YoY), and the FY2024 annual result was 23.48%, down 38.0% from the prior year.
  • Tax Rate came in at 24.14% for Q3 2025 at Lennar, down from 24.94% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 24.94% in Q2 2025 to a low of 19.27% in Q3 2022.
  • The 5-year median for Tax Rate is 23.83% (2024), against an average of 23.61%.
  • Across the five-year window, Tax Rate soared 1574 bps in 2021 and slumped 306 bps in 2022, its largest moves.
  • Lennar's Tax Rate stood at 24.49% in 2021, then retreated by 4 bps to 23.58% in 2022, then retreated by 1 bps to 23.36% in 2023, then rose by 5 bps to 24.56% in 2024, then declined by 2 bps to 24.14% in 2025.
  • The last three Tax Rate figures came in at 24.14% (Q3 2025), 24.94% (Q2 2025), and 24.28% (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Horton D R 45.38 Bn 44.04 Bn 1.70 Bn 24.14
2 Pultegroup 24.44 Bn 22.63 Bn 881.27 Mn 22.79
3 Lennar 21.94 Bn 19.74 Bn 6.36 Bn -
4 Nvr 18.01 Bn 16.36 Bn 1.31 Bn 21.19
5 Toll Brothers 14.79 Bn 13.70 Bn 604.89 Mn 25.63
6 Taylor Morrison Home 6.87 Bn 6.87 Bn 290.64 Mn 23.15
7 Installed Building Products 5.83 Bn 5.36 Bn 212.30 Mn 26.11
8 Meritage Homes 5.11 Bn 4.34 Bn -269,000.00 23.74
9 Cavco Industries 4.75 Bn 4.72 Bn 135.92 Mn 23.49
10 Lennar - - 6.36 Bn -

Historic Data

Download Data
DateValue
Aug 31, 2025 24.14%
Aug 31, 2025 24.14%
May 31, 2025 24.94%
May 31, 2025 24.94%
Feb 28, 2025 24.28%
Feb 28, 2025 24.28%
Nov 30, 2024 24.56%
Nov 30, 2024 24.56%
Aug 31, 2024 22.66%
Aug 31, 2024 22.66%
May 31, 2024 23.83%
May 31, 2024 23.83%
Feb 29, 2024 22.65%
Feb 29, 2024 22.65%
Nov 30, 2023 23.36%
Nov 30, 2023 23.36%
Aug 31, 2023 24.28%
Aug 31, 2023 24.28%
May 31, 2023 24.24%
May 31, 2023 24.24%