Lennar (LEN) Gross Margin (2013 - 2026)

Lennar (LEN) posted Gross Margin of 96.82% for Q2 2026, up 0.75% sequentially from 96.1% in Q1 2026, and up 190.0% YoY from 33.39% in Q2 2025.

Lennar (LEN) Gross Margin (2013 - 2026) Analysis & Trends

Lennar has reported Gross Margin for 14 years, with the latest figure at 96.82% in Q2 2026.

Quarterly Gross Margin rose 190.0% year-over-year to 96.82% in Q2 2026, while the trailing twelve-month figure through May 2026 was 94.34% (up 1973.0% YoY) and the FY2025 annual result came in at 95.57%, down 124.0% from the prior year.
Gross Margin advanced to 96.82% in Q2 2026 per LEN's latest filing, from 96.1% in the prior quarter.
Over five years, Gross Margin peaked at 99.92% in Q2 2023 and troughed at 18.93% in Q2 2024.
A 5-year average of 78.7% and a median of 95.51% in 2025 frame the typical range for Gross Margin.
The widest YoY moves for Gross Margin: up 276425 bps in 2022, down 13030 bps in 2022.
Over 5 years, Gross Margin stood at 22.16% in 2022, then soared by 308 bps to 90.43% in 2023, then rose by 3 bps to 92.83% in 2024, then dropped by 5 bps to 88.21% in 2025, then advanced by 10 bps to 96.82% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 96.82%, 96.1%, and 88.21% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Horton D R	41.75 Bn	39.61 Bn	2.15 Bn	23.26%
2	Pultegroup	24.22 Bn	22.84 Bn	1.06 Bn	26.57%
3	Lennar	20.63 Bn	18.45 Bn	7.69 Bn	96.82%
4	Nvr	17.05 Bn	15.96 Bn	485.14 Mn	20.85%
5	Toll Brothers	13.82 Bn	12.72 Bn	604.89 Mn	23.90%
6	Taylor Morrison Home	6.77 Bn	6.12 Bn	290.64 Mn	20.95%
7	Installed Building Products	6.51 Bn	6.12 Bn	258.90 Mn	33.29%
8	Champion Homes	5.01 Bn	4.37 Bn	-	-
9	Meritage Homes	4.69 Bn	3.88 Bn	254.14 Mn	18.14%
10	Cavco Industries	4.53 Bn	4.28 Bn	-	-

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