Lennar (LEN-B) Tax Rate (2009 - 2025)
Lennar recorded quarterly Tax Rate of 24.14% in Q3 2025, down 3.18% quarter-over-quarter from 24.94% in Q2 2025, and up 148.0% year-over-year from 9.73% in Q3 2024.
Lennar's Tax Rate history runs 17 years deep, the most recent figure standing at 24.14% for Q3 2025.
- In Q3 2025, Tax Rate rose 148.0% year-over-year to 24.14%; the TTM figure through Aug 2025 stood at 24.48% (up 133.0% YoY), while the FY2024 annual figure 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.
- A 5-year average of 23.61% and a median of 23.83% in 2024 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate jumped 1574 bps in 2021 and sank 306 bps in 2022, its largest moves.
- Lennar's Tax Rate stood at 24.49% in 2021, then decreased by 4 bps to 23.58% in 2022, then decreased by 1 bps to 23.36% in 2023, then gained by 5 bps to 24.56% in 2024, then fell by 2 bps to 24.14% in 2025.
- According to Business Quant data, Tax Rate over the past three periods registered 24.14%, 24.94%, and 24.28% for Q3 2025, Q2 2025, and Q1 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 42.35 Bn | 41.00 Bn | 1.70 Bn | 24.14 |
| 2 | Pultegroup | 22.70 Bn | 20.89 Bn | 881.27 Mn | 22.79 |
| 3 | Lennar | 21.95 Bn | 19.75 Bn | 6.36 Bn | - |
| 4 | Nvr | 16.98 Bn | 15.33 Bn | 1.31 Bn | 21.19 |
| 5 | Toll Brothers | 13.26 Bn | 12.07 Bn | 476.99 Mn | 22.90 |
| 6 | Installed Building Products | 5.63 Bn | 5.15 Bn | 212.30 Mn | 26.11 |
| 7 | Taylor Morrison Home | 5.62 Bn | 5.62 Bn | 290.64 Mn | 23.15 |
| 8 | Meritage Homes | 4.40 Bn | 3.63 Bn | -269,000.00 | 23.74 |
| 9 | Cavco Industries | 4.23 Bn | 4.20 Bn | 135.92 Mn | 23.49 |
| 10 | Lennar | - | - | 6.36 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Feb 28, 2023 | 23.60 |
| Feb 28, 2023 | 23.60 |
| Nov 30, 2022 | 23.58 |
| Nov 30, 2022 | 23.58 |
| Aug 31, 2022 | 19.27 |
| Aug 31, 2022 | 19.27 |
| May 31, 2022 | 24.63 |
| May 31, 2022 | 24.63 |
| Feb 28, 2022 | 24.74 |
| Feb 28, 2022 | 24.74 |
| Nov 30, 2021 | 24.49 |
| Nov 30, 2021 | 24.49 |
| Aug 31, 2021 | 22.33 |
| Aug 31, 2021 | 22.33 |
| May 31, 2021 | 23.71 |
| May 31, 2021 | 23.71 |
| Feb 28, 2021 | 23.37 |
| Feb 28, 2021 | 23.37 |
| Nov 30, 2020 | 23.50 |
| Nov 30, 2020 | 23.50 |
| Aug 31, 2020 | 22.08 |
| Aug 31, 2020 | 22.08 |
| May 31, 2020 | 23.72 |
| May 31, 2020 | 23.72 |
| Feb 29, 2020 | 7.63 |
| Feb 29, 2020 | 7.63 |
| Nov 30, 2019 | 24.47 |
| Nov 30, 2019 | 24.47 |
| Aug 31, 2019 | 23.15 |
| Aug 31, 2019 | 23.15 |
| May 31, 2019 | 25.12 |
| May 31, 2019 | 25.12 |
| Feb 28, 2019 | 24.97 |
| Feb 28, 2019 | 24.97 |
| Nov 30, 2018 | 22.99 |
| Nov 30, 2018 | 22.99 |
| Aug 31, 2018 | 17.37 |
| Aug 31, 2018 | 17.37 |
| May 31, 2018 | 19.44 |
| May 31, 2018 | 19.44 |
| Feb 28, 2018 | 49.22 |
| Feb 28, 2018 | 49.22 |
| Nov 30, 2017 | 35.54 |
| Nov 30, 2017 | 35.54 |
| Aug 31, 2017 | 33.88 |
| Aug 31, 2017 | 33.88 |
| May 31, 2017 | 35.17 |
| May 31, 2017 | 35.17 |
| Feb 28, 2017 | 40.23 |
| Feb 28, 2017 | 40.23 |
| Nov 30, 2016 | 32.71 |
| Nov 30, 2016 | 32.71 |
| Aug 31, 2016 | 31.34 |
| Aug 31, 2016 | 31.34 |
| May 31, 2016 | 31.66 |
| May 31, 2016 | 31.66 |
| Feb 29, 2016 | 27.88 |
| Feb 29, 2016 | 27.88 |
| Nov 30, 2015 | 32.33 |
| Nov 30, 2015 | 32.33 |
| Aug 31, 2015 | 29.82 |
| Aug 31, 2015 | 29.82 |
| May 31, 2015 | 34.03 |
| May 31, 2015 | 34.03 |
| Feb 28, 2015 | 33.81 |
| Feb 28, 2015 | 33.81 |
| Nov 30, 2014 | 33.15 |
| Nov 30, 2014 | 33.15 |
| Aug 31, 2014 | 33.89 |
| Aug 31, 2014 | 33.89 |
| May 31, 2014 | 39.78 |
| May 31, 2014 | 39.78 |
| Feb 28, 2014 | 36.47 |
| Feb 28, 2014 | 36.47 |
| Nov 30, 2013 | 33.92 |
| Nov 30, 2013 | 33.92 |
| Aug 31, 2013 | 35.49 |
| Aug 31, 2013 | 35.49 |
| May 31, 2013 | 12.01 |
| May 31, 2013 | 12.01 |
| Feb 28, 2013 | -6.82 |
| Feb 28, 2013 | -6.82 |
| Nov 30, 2012 | -17.72 |
| Nov 30, 2012 | -17.72 |
| Aug 31, 2012 | -21.79 |
| Aug 31, 2012 | -21.79 |
| May 31, 2012 | -772.16 |
| May 31, 2012 | -772.16 |
| Feb 29, 2012 | -23.62 |
| Feb 29, 2012 | -23.62 |
| Nov 30, 2011 | -116.33 |
| Nov 30, 2011 | -116.33 |
| Aug 31, 2011 | 2.40 |
| Aug 31, 2011 | 2.40 |
| May 31, 2011 | 3.69 |
| May 31, 2011 | 3.69 |
| Feb 28, 2011 | -6.62 |
| Feb 28, 2011 | -6.62 |
| Nov 30, 2010 | -9.64 |
| Nov 30, 2010 | -9.64 |
| Aug 31, 2010 | 1.53 |
| Aug 31, 2010 | 1.53 |
| May 31, 2010 | -31.02 |
| May 31, 2010 | -31.02 |
| Feb 28, 2010 | 60.76 |
| Feb 28, 2010 | 60.76 |
| Nov 30, 2009 | 184.25 |
| Nov 30, 2009 | 184.25 |
| Aug 31, 2009 | -1.91 |
| Aug 31, 2009 | -1.91 |