Lennar (LEN) Tax Rate (2010 - 2025)

Lennar (LEN) posted Tax Rate of 24.14% for Q3 2025, down 3.18% sequentially from 24.94% in Q2 2025, and up 148.0% YoY from 9.73% in Q3 2024.

Lennar (LEN) Tax Rate (2010 - 2025) Analysis & Trends

Lennar has reported Tax Rate for 16 years, with the latest figure at 24.14% in Q3 2025.

Quarterly Tax Rate rose 148.0% year-over-year to 24.14% in Q3 2025, while the trailing twelve-month figure through Aug 2025 was 24.48% (up 133.0% YoY) and the FY2024 annual result came in at 23.48%, down 38.0% from the prior year.
Tax Rate eased to 24.14% in Q3 2025 per LEN's latest filing, from 24.94% in the prior quarter.
Over five years, Tax Rate peaked at 24.94% in Q2 2025 and troughed at 19.27% in Q3 2022.
A 5-year average of 23.61% and a median of 23.83% in 2024 frame the typical range for Tax Rate.
The sharpest annual moves came in 2021 and 2022: Tax Rate surged 1574 bps in 2021, then slumped 306 bps in 2022.
Over 5 years, Tax Rate stood at 24.49% in 2021, then slipped by 4 bps to 23.58% in 2022, then slipped by 1 bps to 23.36% in 2023, then advanced by 5 bps to 24.56% in 2024, then retreated by 2 bps to 24.14% in 2025.
According to Business Quant data, Tax Rate over the past three periods registered 24.14%, 24.94%, and 24.28% for Q3 2025, Q2 2025, and Q1 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Tax Rate (Qtr)
1	Horton D R	41.75 Bn	39.61 Bn	2.15 Bn	25.08%
2	Pultegroup	24.22 Bn	22.84 Bn	1.06 Bn	24.17%
3	Lennar	20.63 Bn	18.45 Bn	7.69 Bn	-
4	Nvr	17.05 Bn	15.96 Bn	485.14 Mn	25.79%
5	Toll Brothers	13.82 Bn	12.72 Bn	604.89 Mn	25.63%
6	Taylor Morrison Home	6.77 Bn	6.12 Bn	290.64 Mn	23.15%
7	Installed Building Products	6.51 Bn	6.12 Bn	258.90 Mn	23.74%
8	Champion Homes	5.01 Bn	4.37 Bn	-	-
9	Meritage Homes	4.69 Bn	3.88 Bn	254.14 Mn	24.83%
10	Cavco Industries	4.53 Bn	4.28 Bn	-	-

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