Lennar (LEN) Operating Margin (2010 - 2026)

Lennar has disclosed Operating Margin across 17 years of filings, most recently posting 1.84% for Q2 2026.

• In Q2 2026, Operating Margin fell 58.0% year-over-year to 1.84%; the TTM figure through May 2026 stood at 41.6% (down 156.0% YoY), while the FY2025 annual figure was 3.37%, down 689.0% from the prior year.
• Operating Margin came in at 1.84% for Q2 2026 at Lennar, up from 0.64% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 216.85% in Q4 2025 to a low of 77.15% in Q3 2025.
• Average Operating Margin over 5 years is 0.47%, with a median of 54.18% recorded in 2022.
• The largest YoY upside for Operating Margin was 23652 bps in 2023 against a maximum downside of 8770 bps in 2023.
• Over 5 years, Operating Margin stood at 59.69% in 2022, then jumped by 396 bps to 176.83% in 2023, then climbed by 19 bps to 210.4% in 2024, then increased by 3 bps to 216.85% in 2025, then sank by 99 bps to 1.84% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 1.84% in Q2 2026, 0.64% in Q1 2026, and 216.85% in Q4 2025.