Lennar (LEN) EBITDA Margin (2010 - 2026)
Lennar (LEN) reported EBITDA Margin of -86.15% for fiscal Q3 2026 (quarter ended Aug 31, 2026), down 4.61 percentage points from -81.54% a year earlier and down 1.78 percentage points from the prior quarter.
Lennar (LEN) EBITDA Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Aug 31, 2026, Lennar's EBITDA Margin came in at -85.11%, down 6.49 percentage points year-over-year; for FY2025 (ended Nov 30, 2025), it came in at -81.90%, down 11.20 percentage points from FY2024.
- EBITDA Margin has declined for three consecutive fiscal years, with a five-year change of -16.30 percentage points (FY2020 to FY2025).
- By fiscal year, EBITDA Margin came in at -70.70% in FY2024 (-4.05 pp), -66.65% in FY2023 (-12.14 pp), -54.51% in FY2022 (+2.03 pp) and -56.53% in FY2021 (+9.06 pp).
- Five-year quarterly EBITDA Margin spans a low of -86.42% in fiscal Q1 2026 and a high of 22.73% in fiscal Q2 2022.
- Year over year, EBITDA Margin has now declined in each of the last 16 quarters, with an average year-over-year change of -8.37 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was fiscal Q4 2021 (a gain of 7.10 percentage points); the low point was fiscal Q2 2023 (a drop of 87.64 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at -84.37% (Q2 2026), -86.42% (Q1 2026) and -83.90% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 43.89 Bn | 34.20 Bn | 2.15 Bn | 12.83% |
| 2 | Pultegroup | 25.40 Bn | 18.76 Bn | 1.07 Bn | 17.53% |
| 3 | Lennar | 21.84 Bn | 12.21 Bn | 618.54 Mn | -86.14% |
| 4 | Nvr | 16.88 Bn | 11.02 Bn | 482.36 Mn | 14.74% |
| 5 | Toll Brothers | 14.71 Bn | 10.09 Bn | 625.22 Mn | 14.30% |
| 6 | Champion Homes | 5.23 Bn | 2.44 Bn | 185.60 Mn | 10.78% |
| 7 | Cavco Industries | 5.16 Bn | 4.11 Bn | 147.61 Mn | 11.70% |
| 8 | Meritage Homes | 4.64 Bn | 1.61 Bn | 410.22 Mn | 15.81% |
| 9 | M | 3.46 Bn | 649.29 Mn | - | - |
| 10 | Kb Home | 3.17 Bn | 2.38 Bn | -857.09 Mn | 6.33% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -86.14% |
| May 31, 2026 | 5.47% |
| Feb 28, 2026 | -86.42% |
| Nov 30, 2025 | 7.25% |
| Aug 31, 2025 | -81.54% |
| May 31, 2025 | 7.90% |
| Feb 28, 2025 | 9.53% |
| Nov 30, 2024 | -78.93% |
| Aug 31, 2024 | -66.88% |
| May 31, 2024 | 14.23% |
| Feb 29, 2024 | 12.69% |
| Nov 30, 2023 | -71.11% |
| Aug 31, 2023 | 17.27% |
| May 31, 2023 | 15.11% |
| Feb 28, 2023 | 12.88% |
| Nov 30, 2022 | -59.42% |
| Aug 31, 2022 | -50.75% |
| May 31, 2022 | 22.72% |
| Feb 28, 2022 | -57.10% |
| Nov 30, 2021 | -53.04% |
Lennar EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=LEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "LEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=LEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();