Lennar (LEN) Operating Margin (2009 - 2026)

Lennar's (LEN) quarterly Operating Margin came in at 0.64% in Q1 2026, down 673.0% year-on-year from 0.11% in Q1 2025, and up 92.28% quarter-over-quarter from 8.24% in Q4 2025.

Lennar (LEN) Operating Margin (2009 - 2026) Analysis & Trends

Lennar has disclosed Operating Margin across 18 years of filings, most recently posting 0.64% for Q1 2026.

  • Operating Margin for Q1 2026 came in at 0.64%, down 673.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 21.82% (down 8800.0% YoY), and the FY2025 annual result was 3.37%, down 689.0% from the prior year.
  • Operating Margin came in at 0.64% for Q1 2026 at Lennar, up from 8.24% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 210.4% in Q4 2024 to a low of 70628.98% in Q1 2022.
  • The 5-year median for Operating Margin is 10.28% (2023), against an average of 4129.87%.
  • Across the five-year window, Operating Margin tumbled 7064250 bps in 2022 and surged 7063926 bps in 2023, its largest moves.
  • Lennar's Operating Margin stood at 179.26% in 2022, then slumped by 96 bps to 7.64% in 2023, then soared by 2656 bps to 210.4% in 2024, then slumped by 104 bps to 8.24% in 2025, then jumped by 92 bps to 0.64% in 2026.
  • The last three Operating Margin figures came in at 0.64% (Q1 2026), 8.24% (Q4 2025), and 77.15% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Horton D R 43.54 Bn 42.20 Bn 1.70 Bn 10.58%
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 14.70%
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn -0.64%
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 61.14%
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 13.69%
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 16.70%
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 8.72%
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 -13.63%
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn 9.39%
10 Champion Homes 4.39 Bn 3.74 Bn 172.19 Mn 9.51%

Historic Data

Download Data
DateValue
Feb 28, 2026 -0.64%
Nov 30, 2025 -8.24%
Aug 31, 2025 -77.15%
May 31, 2025 4.46%
Feb 28, 2025 6.10%
Nov 30, 2024 210.40%
Aug 31, 2024 12.29%
May 31, 2024 12.74%
Feb 29, 2024 12.20%
Nov 30, 2023 7.64%
Aug 31, 2023 15.50%
May 31, 2023 13.45%
Feb 28, 2023 10.28%
Nov 30, 2022 179.26%
Aug 31, 2022 21.63%
May 31, 2022 1.24%
Feb 28, 2022 -70,628.98%
Nov 30, 2021 74.18%
Aug 31, 2021 -40,581.22%
May 31, 2021 -14.24%