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| 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% |