Lennar (LEN) Tax Rate (2009 - 2025)

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

Lennar (LEN) Tax Rate (2009 - 2025) Analysis & Trends

Lennar has disclosed Tax Rate across 17 years of filings, most recently posting 24.14% for Q3 2025.

  • Tax Rate for Q3 2025 came in at 24.14%, up 148.0% year-over-year; the trailing twelve-month figure through Aug 2025 was 24.48% (up 133.0% YoY), and the FY2024 annual result 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.
  • The 5-year median for Tax Rate is 23.83% (2024), against an average of 23.61%.
  • Across the five-year window, Tax Rate soared 1574 bps in 2021 and slumped 306 bps in 2022, its largest moves.
  • Lennar's 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.
  • The last three Tax Rate figures came in at 24.14% (Q3 2025), 24.94% (Q2 2025), and 24.28% (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Horton D R 43.54 Bn 42.20 Bn 1.70 Bn 24.14%
2 Pultegroup 23.57 Bn 21.76 Bn 881.27 Mn 22.79%
3 Lennar 22.65 Bn 20.45 Bn 6.36 Bn -
4 Nvr 17.80 Bn 16.15 Bn 1.31 Bn 21.19%
5 Toll Brothers 13.73 Bn 12.64 Bn 604.89 Mn 25.63%
6 Taylor Morrison Home 6.88 Bn 6.88 Bn 290.64 Mn 23.15%
7 Installed Building Products 5.53 Bn 5.05 Bn 212.30 Mn 26.11%
8 Meritage Homes 4.85 Bn 4.09 Bn -269,000.00 23.74%
9 Cavco Industries 4.56 Bn 4.52 Bn 135.92 Mn 23.49%
10 Champion Homes 4.39 Bn 3.74 Bn 172.19 Mn 18.38%

Historic Data

Download Data
DateValue
Aug 31, 2025 24.14%
Aug 31, 2025 24.14%
May 31, 2025 24.94%
May 31, 2025 24.94%
Feb 28, 2025 24.28%
Feb 28, 2025 24.28%
Nov 30, 2024 24.56%
Nov 30, 2024 24.56%
Aug 31, 2024 22.66%
Aug 31, 2024 22.66%
May 31, 2024 23.83%
May 31, 2024 23.83%
Feb 29, 2024 22.65%
Feb 29, 2024 22.65%
Nov 30, 2023 23.36%
Nov 30, 2023 23.36%
Aug 31, 2023 24.28%
Aug 31, 2023 24.28%
May 31, 2023 24.24%
May 31, 2023 24.24%