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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |