Lennar (LEN) Net Margin (2010 - 2026)
Lennar's (LEN) quarterly Net Margin came in at 5.2% in Q2 2026, down 55.0% year-over-year from 11.56% in Q2 2025, and up 13.89% quarter-over-quarter from 4.57% in Q1 2026.
Analysis
Lennar (LEN) Net Margin (2010 - 2026) Analysis & Trends
Lennar has disclosed Net Margin across 17 years of filings, most recently posting 5.2% for Q2 2026.
- In Q2 2026, Net Margin fell 55.0% year-over-year to 5.2%; the TTM figure through May 2026 stood at 6.1% (down 322.0% YoY), while the FY2025 annual figure was 8.23%, down 296.0% from the prior year.
- Net Margin came in at 5.2% for Q2 2026 at Lennar, up from 4.57% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 16.48% in Q3 2022 to a low of 4.57% in Q1 2026.
- Average Net Margin over 5 years is 10.01%, with a median of 10.38% recorded in 2023.
- The largest YoY upside for Net Margin was 281 bps in 2022 against a maximum downside of 1089 bps in 2022.
- Over 5 years, Net Margin stood at 13.21% in 2022, then retreated by 6 bps to 12.47% in 2023, then dropped by 11 bps to 11.06% in 2024, then slumped by 34 bps to 7.29% in 2025, then decreased by 29 bps to 5.2% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 5.2% in Q2 2026, 4.57% in Q1 2026, and 7.29% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Horton D R | 38.17 Bn | 36.03 Bn | 2.15 Bn | 9.96% |
| 2 | Pultegroup | 21.99 Bn | 20.62 Bn | 1.06 Bn | 11.85% |
| 3 | Lennar | 18.75 Bn | 16.57 Bn | 7.69 Bn | 5.20% |
| 4 | Nvr | 16.44 Bn | 15.35 Bn | 485.14 Mn | 10.16% |
| 5 | Toll Brothers | 12.40 Bn | 11.34 Bn | 625.22 Mn | 10.54% |
| 6 | Taylor Morrison Home | 6.77 Bn | 6.12 Bn | 290.64 Mn | 7.24% |
| 7 | Meritage Homes | 4.07 Bn | 3.26 Bn | 254.14 Mn | 6.47% |
| 8 | M | 3.57 Bn | 2.83 Bn | 235.50 Mn | 7.44% |
| 9 | Kb Home | 2.95 Bn | 2.88 Bn | 174.03 Mn | 2.46% |
| 10 | Green Brick Partners | 2.91 Bn | 2.78 Bn | 157.52 Mn | 15.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 5.20% |
| Feb 28, 2026 | 4.57% |
| Nov 30, 2025 | 7.29% |
| Aug 31, 2025 | 6.81% |
| May 31, 2025 | 5.75% |
| Feb 28, 2025 | 6.93% |
| Nov 30, 2024 | 11.06% |
| Aug 31, 2024 | 12.61% |
| May 31, 2024 | 10.96% |
| Feb 29, 2024 | 9.84% |
| Nov 30, 2023 | 12.47% |
| Aug 31, 2023 | 12.79% |
| May 31, 2023 | 10.91% |
| Feb 28, 2023 | 9.23% |
| Nov 30, 2022 | 13.21% |
| Aug 31, 2022 | 16.48% |
| May 31, 2022 | 15.82% |
| Feb 28, 2022 | 8.21% |
| Nov 30, 2021 | 14.15% |
| Aug 31, 2021 | 20.30% |