Lennar (LEN) Net Margin (2010 - 2026)

Lennar (LEN) posted Net Margin of 5.2% for Q2 2026, up 13.89% sequentially from 4.57% in Q1 2026, and down 55.0% YoY from 11.56% in Q2 2025.

Lennar (LEN) Net Margin (2010 - 2026) Analysis & Trends

Lennar has reported Net Margin for 17 years, with the latest figure at 5.2% in Q2 2026.

Quarterly Net Margin fell 55.0% year-over-year to 5.2% in Q2 2026, while the trailing twelve-month figure through May 2026 was 6.1% (down 322.0% YoY) and the FY2025 annual result came in at 8.23%, down 296.0% from the prior year.
Net Margin improved to 5.2% in Q2 2026 per LEN's latest filing, from 4.57% in the prior quarter.
Over five years, Net Margin peaked at 23.68% in Q1 2022 and troughed at 4.57% in Q1 2026.
A 5-year average of 10.87% and a median of 10.93% in 2023 frame the typical range for Net Margin.
The widest YoY moves for Net Margin: up 881 bps in 2022, down 45567 bps in 2022.
Over 5 years, Net Margin stood at 13.21% in 2022, then slipped by 6 bps to 12.47% in 2023, then fell by 11 bps to 11.06% in 2024, then plunged by 34 bps to 7.29% in 2025, then dropped by 29 bps to 5.2% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 5.2%, 4.57%, and 7.29% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Horton D R	41.98 Bn	39.85 Bn	2.15 Bn	9.96%
2	Pultegroup	24.45 Bn	23.08 Bn	1.06 Bn	11.85%
3	Lennar	20.97 Bn	18.79 Bn	7.69 Bn	5.20%
4	Nvr	17.21 Bn	16.12 Bn	485.14 Mn	10.16%
5	Toll Brothers	14.01 Bn	12.90 Bn	604.89 Mn	10.29%
6	Taylor Morrison Home	6.77 Bn	6.12 Bn	290.64 Mn	7.24%
7	Installed Building Products	6.61 Bn	6.21 Bn	258.90 Mn	8.34%
8	Champion Homes	5.07 Bn	4.43 Bn	-	-
9	Meritage Homes	4.73 Bn	3.93 Bn	254.14 Mn	6.47%
10	Cavco Industries	4.55 Bn	4.29 Bn	-	-

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