Lennar (LEN) Gross Margin (2013 - 2026)
Lennar (LEN) reported Gross Margin of 96.82% for Q2 2026, up 190.0% on a YoY basis from 33.39% in Q2 2025, and up 0.75% sequentially from 96.1% in Q1 2026.
Lennar (LEN) Gross Margin (2013 - 2026) Analysis & Trends
Lennar (LEN) has 14 years of Gross Margin data on file, last reported at 96.82% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 190.0% year-over-year to 96.82%; the trailing twelve-month figure through May 2026 stood at 94.34% (up 1973.0% YoY), and the FY2025 full-year result was 95.57%, down 124.0% from the prior year.
- Gross Margin advanced to 96.82% in Q2 2026, from 96.1% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 99.92% in Q2 2023 to a low of 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.
- Peak annual rise in Gross Margin reached 276425 bps in 2022, while the deepest fall reached 13030 bps in 2022.
- Tracing LEN's Gross Margin over 5 years: stood at 22.16% in 2022, then soared by 308 bps to 90.43% in 2023, then climbed by 3 bps to 92.83% in 2024, then retreated by 5 bps to 88.21% in 2025, then increased by 10 bps to 96.82% in 2026.
- Business Quant data shows LEN's Gross Margin at 96.82% in Q2 2026, 96.1% in Q1 2026, and 88.21% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 40.90 Bn | 39.56 Bn | 2.15 Bn | 23.26% |
| 2 | Pultegroup | 23.36 Bn | 22.03 Bn | 3.92 Bn | 98.48% |
| 3 | Lennar | 19.77 Bn | 19.63 Bn | 7.69 Bn | 96.82% |
| 4 | Nvr | 17.18 Bn | 15.54 Bn | 1.31 Bn | 69.49% |
| 5 | Toll Brothers | 15.08 Bn | 13.99 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.96 Bn | 6.31 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 5.97 Bn | 5.50 Bn | 212.30 Mn | 32.14% |
| 8 | Meritage Homes | 4.78 Bn | 4.01 Bn | 68.61 Mn | 6.19% |
| 9 | Champion Homes | 4.47 Bn | 3.81 Bn | 172.19 Mn | 26.22% |
| 10 | M | 4.43 Bn | 3.66 Bn | 202.59 Mn | 22.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 96.82% |
| Feb 28, 2026 | 96.10% |
| Nov 30, 2025 | 88.21% |
| Aug 31, 2025 | 97.29% |
| May 31, 2025 | 94.92% |
| Feb 28, 2025 | 96.98% |
| Nov 30, 2024 | 92.83% |
| Aug 31, 2024 | 19.15% |
| May 31, 2024 | 18.93% |
| Feb 29, 2024 | 98.38% |
| Nov 30, 2023 | 90.43% |
| Aug 31, 2023 | 21.38% |
| May 31, 2023 | 99.92% |
| Feb 28, 2023 | 99.90% |
| Nov 30, 2022 | 22.16% |
| Aug 31, 2022 | 97.59% |
| May 31, 2022 | 97.90% |
| Feb 28, 2022 | 87.74% |
| Nov 30, 2021 | 152.46% |
| Aug 31, 2021 | 97.34% |