Lennar (LEN) EBITDA Margin (2009 - 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 (2009 - 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 | Pultegroup | 96.17 Bn | 89.53 Bn | 1.07 Bn | 17.53% |
| 2 | Horton D R | 42.03 Bn | 42.63 Bn | - | - |
| 3 | Lennar | 18.02 Bn | 8.18 Bn | 618.54 Mn | -86.14% |
| 4 | Nvr | 15.97 Bn | 10.10 Bn | 482.36 Mn | 14.74% |
| 5 | Toll Brothers | 14.02 Bn | 9.41 Bn | 625.22 Mn | 14.30% |
| 6 | Cavco Industries | 5.03 Bn | 3.98 Bn | 147.61 Mn | 11.70% |
| 7 | Champion Homes | 4.99 Bn | 2.21 Bn | 185.60 Mn | 10.78% |
| 8 | Meritage Homes | 4.33 Bn | 1.30 Bn | 410.22 Mn | 15.81% |
| 9 | M | 3.26 Bn | 442.92 Mn | 229.20 Mn | 8.85% |
| 10 | Kb Home | 3.07 Bn | 2.27 Bn | -857.09 Mn | 6.33% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -86.14% |
| May 31, 2026 | 7.18% |
| Feb 28, 2026 | -86.42% |
| Nov 30, 2025 | 9.12% |
| Aug 31, 2025 | -81.54% |
| May 31, 2025 | 9.59% |
| Feb 28, 2025 | 11.28% |
| Nov 30, 2024 | -78.93% |
| Aug 31, 2024 | -66.88% |
| May 31, 2024 | 15.77% |
| Feb 29, 2024 | 14.31% |
| Nov 30, 2023 | -71.11% |
| Aug 31, 2023 | 18.61% |
| May 31, 2023 | 16.48% |
| Feb 28, 2023 | 14.48% |
| 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();