SuperworthLennar profit margin LEN
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 4.1%
- Operating margin, 12 months
- 5.4%
- Net margin on a year earlier
- −3.6 pts
- Peer median
- 8.8%
Over the twelve months to Aug 31, 2026, Lennar kept 4.1% of its revenue as net profit, with an operating margin of 5.4%.
Five years earlier its net margin was 16.2%.
The median for 10 homebuilders of a similar size is 8.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 6.1% | 7.8% | n/a |
| FY2024 | 11.1% | 13.5% | n/a |
| FY2023 | 11.5% | 15.7% | n/a |
| FY2022 | 13.7% | n/a | n/a |
| FY2021 | 16.3% | 18.7% | n/a |
| FY2020 | 11.0% | 13.9% | 15.4% |
| FY2019 | 8.3% | 100.0% | 12.6% |
| FY2018 | 8.2% | 100.0% | 11.3% |
| FY2017 | 6.4% | 100.0% | 12.8% |
| FY2016 | 8.3% | 100.0% | 13.7% |
| FY2015 | 8.5% | 100.0% | n/a |
| FY2014 | 8.2% | n/a | n/a |
| FY2013 | 8.1% | n/a | n/a |
| FY2012 | 16.5% | 6.5% | n/a |
| FY2011 | 3.0% | 3.2% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 4.1% | −3.6 pts | 5.4% | |
| Q2 FY26 | 4.9% | −4.3 pts | 6.0% | |
| Q1 FY26 | 5.4% | −5.0 pts | 6.6% | |
| Q4 FY25 | 6.1% | −5.0 pts | 7.8% | |
| Q3 FY25 | 7.7% | −3.8 pts | 9.7% | |
| Q2 FY25 | 9.2% | −2.4 pts | 11.2% | |
| Q1 FY25 | 10.4% | −1.1 pts | 12.8% | |
| Q4 FY24 | 11.1% | −0.4 pts | 13.5% | |
| Q3 FY24 | 11.5% | −0.1 pts | 14.5% | |
| Q2 FY24 | 11.6% | −1.1 pts | 15.3% | |
| Q1 FY24 | 11.6% | −2.3 pts | 15.6% | |
| Q4 FY23 | 11.5% | −2.2 pts | 15.7% |
Against its peers
Companies in Residential Construction nearest Lennar's size, closest first, today.
| Company | Profit margin |
|---|---|
| LENLennar | 4.1% |
| PHMPulteGroup | 11.6% |
| NVRNVR | 12.0% |
| TOLToll Brothers | 11.1% |
| DHID.R. Horton | 9.2% |
| IBPInstalled Building Products | 8.5% |
| ECGEverus Construction | 6.0% |
| MTHMeritage Homes CORP | 6.1% |
| TPCTutor Perini | 2.1% |
| GEOGEO | 10.3% |
| MHOM/I Homes | 6.6% |
| Peer median | 8.8% |
Where Lennar ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Lennar
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.