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| Date | Value |
|---|---|
| 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% |