Lennar (LEN) Tax Rate (2010 - 2025)

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

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

Lennar (LEN) has 16 years of Tax Rate data on file, last reported at 24.14% in Q3 2025.

  • For the quarter ending Q3 2025, Tax Rate rose 148.0% year-over-year to 24.14%; the trailing twelve-month figure through Aug 2025 stood at 24.48% (up 133.0% YoY), and the FY2024 full-year result was 23.48%, down 38.0% from the prior year.
  • Tax Rate eased to 24.14% in Q3 2025, 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.
  • A 5-year average of 23.61% and a median of 23.83% in 2024 frame the typical range for Tax Rate.
  • Across the five-year window, Tax Rate soared 1574 bps in 2021 and plunged 306 bps in 2022, its largest moves.
  • Tracing LEN's Tax Rate over 5 years: stood at 24.49% in 2021, then fell by 4 bps to 23.58% in 2022, then fell by 1 bps to 23.36% in 2023, then increased by 5 bps to 24.56% in 2024, then dropped by 2 bps to 24.14% in 2025.
  • Business Quant data shows LEN's Tax Rate at 24.14% in Q3 2025, 24.94% in Q2 2025, and 24.28% in Q1 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Horton D R 40.90 Bn 39.56 Bn 2.15 Bn 25.08%
2 Pultegroup 23.36 Bn 22.03 Bn 3.92 Bn 24.17%
3 Lennar 19.77 Bn 19.63 Bn 7.69 Bn -
4 Nvr 17.18 Bn 15.54 Bn 1.31 Bn 21.19%
5 Toll Brothers 15.08 Bn 13.99 Bn 604.89 Mn 25.62%
6 Taylor Morrison Home 6.96 Bn 6.31 Bn 290.64 Mn 23.15%
7 Installed Building Products 5.97 Bn 5.50 Bn 212.30 Mn 26.11%
8 Meritage Homes 4.78 Bn 4.01 Bn 68.61 Mn 23.74%
9 Champion Homes 4.47 Bn 3.81 Bn 172.19 Mn 18.34%
10 M 4.43 Bn 3.66 Bn 202.59 Mn 23.93%

Historic Data

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