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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |