Lennar LEN
NYSE LEN
$80.78 +0.41 (+0.51%)
As of: Sep 9, 2026 · 3:59 PM EDT

Lennar (LEN) Tax Rate (2010 - 2025)

Lennar's (LEN) quarterly Tax Rate came in at 24.14% in Q3 2025, up 148.0% year-over-year from 9.73% in Q3 2024, and down 3.18% quarter-over-quarter from 24.94% in Q2 2025.

Analysis

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

Lennar has disclosed Tax Rate across 16 years of filings, most recently posting 24.14% for Q3 2025.

  • In Q3 2025, Tax Rate rose 148.0% year-over-year to 24.14%; the TTM figure through Aug 2025 stood at 24.48% (up 133.0% YoY), while the FY2024 annual figure was 23.48%, down 38.0% from the prior year.
  • Tax Rate came in at 24.14% for Q3 2025 at Lennar, down from 24.94% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 24.94% in Q2 2025 to a low of 19.27% in Q3 2022.
  • Average Tax Rate over 5 years is 23.61%, with a median of 23.83% recorded in 2024.
  • Year-over-year, Tax Rate jumped 1574 bps in 2021 and sank 306 bps in 2022.
  • Over 5 years, Tax Rate stood at 24.49% in 2021, then retreated by 4 bps to 23.58% in 2022, then retreated by 1 bps to 23.36% in 2023, then rose by 5 bps to 24.56% in 2024, then declined by 2 bps to 24.14% in 2025.
  • Per Business Quant data, the three most recent Tax Rate figures were 24.14% in Q3 2025, 24.94% in Q2 2025, and 24.28% in Q1 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Horton D R 40.06 Bn 38.52 Bn 2.15 Bn 25.08%
2 Pultegroup 23.32 Bn 21.94 Bn 1.06 Bn 24.17%
3 Lennar 17.60 Bn 15.42 Bn 7.69 Bn -
4 Nvr 16.78 Bn 15.69 Bn 485.14 Mn 25.79%
5 Toll Brothers 13.05 Bn 12.01 Bn 625.22 Mn 25.25%
6 Taylor Morrison Home 6.77 Bn 6.12 Bn 290.64 Mn 23.15%
7 Meritage Homes 4.38 Bn 3.58 Bn 254.14 Mn 24.83%
8 M 3.74 Bn 3.01 Bn 235.50 Mn 24.39%
9 Kb Home 3.20 Bn 3.14 Bn 174.03 Mn 26.58%
10 Green Brick Partners 3.06 Bn 2.98 Bn 157.52 Mn 20.81%
Historic Data

Historic Data

Download Data
DateValue
Aug 31, 2025 24.14%
May 31, 2025 24.94%
Feb 28, 2025 24.28%
Nov 30, 2024 24.56%
Aug 31, 2024 22.66%
May 31, 2024 23.83%
Feb 29, 2024 22.65%
Nov 30, 2023 23.36%
Aug 31, 2023 24.28%
May 31, 2023 24.24%
Feb 28, 2023 23.60%
Nov 30, 2022 23.58%
Aug 31, 2022 19.27%
May 31, 2022 24.63%
Feb 28, 2022 24.74%
Nov 30, 2021 24.49%
Aug 31, 2021 22.33%
May 31, 2021 23.71%
Feb 28, 2021 23.37%
Nov 30, 2020 23.50%