Lennar (LEN) Gross Margin (2009 - 2026)
Lennar's (LEN) quarterly Gross Margin came in at 96.1% in Q1 2026, down 88.0% year-on-year from 800.81% in Q1 2025, and up 13.21% quarter-over-quarter from 84.88% in Q4 2025.
Lennar (LEN) Gross Margin (2009 - 2026) Analysis & Trends
Lennar has disclosed Gross Margin across 18 years of filings, most recently posting 96.1% for Q1 2026.
- Gross Margin for Q1 2026 came in at 96.1%, down 88.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 71.59% (down 8183.0% YoY), and the FY2025 annual result was 95.57%, down 124.0% from the prior year.
- Gross Margin came in at 96.1% for Q1 2026 at Lennar, up from 84.88% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 296.68% in Q4 2024 to a low of 14.9% in Q3 2025.
- The 5-year median for Gross Margin is 97.9% (2022), against an average of 109.04%.
- Across the five-year window, Gross Margin jumped 20625 bps in 2024 and slumped 21180 bps in 2025, its largest moves.
- Lennar's Gross Margin stood at 261.12% in 2022, then plunged by 65 bps to 90.43% in 2023, then jumped by 228 bps to 296.68% in 2024, then tumbled by 71 bps to 84.88% in 2025, then climbed by 13 bps to 96.1% in 2026.
- The last three Gross Margin figures came in at 96.1% (Q1 2026), 84.88% (Q4 2025), and 14.9% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 43.54 Bn | 42.20 Bn | 1.70 Bn | 22.54% |
| 2 | Pultegroup | 23.57 Bn | 21.76 Bn | 881.27 Mn | 25.85% |
| 3 | Lennar | 22.65 Bn | 20.45 Bn | 6.36 Bn | 96.10% |
| 4 | Nvr | 17.80 Bn | 16.15 Bn | 1.31 Bn | 69.49% |
| 5 | Toll Brothers | 13.73 Bn | 12.64 Bn | 604.89 Mn | 23.90% |
| 6 | Taylor Morrison Home | 6.88 Bn | 6.88 Bn | 290.64 Mn | 20.95% |
| 7 | Installed Building Products | 5.53 Bn | 5.05 Bn | 212.30 Mn | 32.14% |
| 8 | Meritage Homes | 4.85 Bn | 4.09 Bn | -269,000.00 | -0.07% |
| 9 | Cavco Industries | 4.56 Bn | 4.52 Bn | 135.92 Mn | 23.39% |
| 10 | Champion Homes | 4.39 Bn | 3.74 Bn | 172.19 Mn | 26.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 96.10% |
| Nov 30, 2025 | 84.88% |
| Aug 31, 2025 | 14.90% |
| May 31, 2025 | 96.96% |
| Feb 28, 2025 | 96.98% |
| Nov 30, 2024 | 296.68% |
| Aug 31, 2024 | 98.63% |
| May 31, 2024 | 98.83% |
| Feb 29, 2024 | 99.88% |
| Nov 30, 2023 | 90.43% |
| Aug 31, 2023 | 98.66% |
| May 31, 2023 | 98.63% |
| Feb 28, 2023 | 97.70% |
| Nov 30, 2022 | 261.12% |
| Aug 31, 2022 | 99.89% |
| May 31, 2022 | 97.90% |
| Feb 28, 2022 | 25.43% |
| Nov 30, 2021 | 101.04% |
| Aug 31, 2021 | 34.81% |
| May 31, 2021 | 96.77% |