Lennar LEN
NYSE LEN
$80.78 +0.41 (+0.51%)
As of: Sep 9, 2026 · 3:59 PM EDT

Lennar (LEN) Gross Margin (2013 - 2026)

Lennar's (LEN) quarterly Gross Margin came in at 96.82% in Q2 2026, up 190.0% year-over-year from 33.39% in Q2 2025, and up 0.75% quarter-over-quarter from 96.1% in Q1 2026.

Analysis

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

Lennar has disclosed Gross Margin across 14 years of filings, most recently posting 96.82% for Q2 2026.

  • In Q2 2026, Gross Margin rose 190.0% year-over-year to 96.82%; the TTM figure through May 2026 stood at 135.62% (up 369.0% YoY), while the FY2025 annual figure was 95.57%, down 124.0% from the prior year.
  • Gross Margin came in at 96.82% for Q2 2026 at Lennar, up from 96.1% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 309.97% in Q4 2025 to a low of 14.9% in Q3 2025.
  • Average Gross Margin over 5 years is 82.45%, with a median of 26.07% recorded in 2022.
  • The largest YoY upside for Gross Margin was 23746 bps in 2023 against a maximum downside of 700 bps in 2023.
  • Over 5 years, Gross Margin stood at 22.16% in 2022, then jumped by 1071 bps to 259.63% in 2023, then increased by 14 bps to 296.68% in 2024, then rose by 4 bps to 309.97% in 2025, then sank by 69 bps to 96.82% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 96.82% in Q2 2026, 96.1% in Q1 2026, and 309.97% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Horton D R 39.14 Bn 37.01 Bn 2.15 Bn 23.26%
2 Pultegroup 22.45 Bn 21.07 Bn 1.06 Bn 26.57%
3 Lennar 19.43 Bn 17.25 Bn 7.69 Bn 96.82%
4 Nvr 16.68 Bn 15.59 Bn 485.14 Mn 20.85%
5 Toll Brothers 12.67 Bn 11.61 Bn 625.22 Mn 23.52%
6 Taylor Morrison Home 6.77 Bn 6.12 Bn 290.64 Mn 20.95%
7 Meritage Homes 4.20 Bn 3.39 Bn 254.14 Mn 18.14%
8 M 3.64 Bn 2.91 Bn 235.50 Mn 22.15%
9 Kb Home 3.06 Bn 3.00 Bn 174.03 Mn 15.64%
10 Green Brick Partners 2.95 Bn 2.82 Bn 157.52 Mn 31.90%
Historic Data

Historic Data

Download Data
DateValue
May 31, 2026 96.82%
Feb 28, 2026 96.10%
Nov 30, 2025 309.97%
Aug 31, 2025 14.90%
May 31, 2025 94.92%
Feb 28, 2025 96.98%
Nov 30, 2024 296.68%
Aug 31, 2024 19.15%
May 31, 2024 18.93%
Feb 29, 2024 18.26%
Nov 30, 2023 259.63%
Aug 31, 2023 21.38%
May 31, 2023 19.96%
Feb 28, 2023 18.73%
Nov 30, 2022 22.16%
Aug 31, 2022 27.31%
May 31, 2022 26.96%
Feb 28, 2022 25.17%
Nov 30, 2021 25.90%
Aug 31, 2021 24.72%