LEN Lennar margins

Relative Growth: Rel. Growth: 15

Relative Strength: Rel. Strength: 25

Relative Valuation: Rel. Valuation: 73

Relative Profitability: Rel. Profitability: 33

Gross margin

7.5%

Operating margin

5.4%

EBITDA margin

Net margin

4.1%

For the latest period, Lennar has a gross margin of 7.5%, an operating margin of 5.4%, an EBITDA margin of 6%, and a net margin of 4.1%. EBITDA margin had the largest decline, falling by 4.6 percentage points, while the other available margins also weakened.

LEN margin history

Gross, operating, EBITDA and net margin trends

Lennar's margins averaged 13.16% gross, 11.18% operating, 11.92% EBITDA, and 8.76% net during the last 3 years. The current gross, operating, EBITDA, and net margins are each below their three-year averages.

LEN margin expansion

Year-over-year margin changes in percentage points

All available margins contracted year over year, led by EBITDA margin with a decline of 4.6 percentage points.

Gross margin expansion

-4.3pp

Operating margin expansion

-4.3pp

EBITDA margin expansion

-4.6pp

Net margin expansion

-3.6pp

LEN Gross margin

Over the last 3 years, Lennar's gross margin averaged 13.16%. At present, Lennar's current gross margin is 7.5%, which is 5.7 percentage points below its three-year average. During this period, gross margin reached a high of 17.4% in Nov 2023 and a low of 7.5% in Aug 2026.

LEN Operating margin

Lennar recorded an average operating margin of 11.18% across the last 3 years. The current operating margin of 5.4% is 5.8 percentage points below its three-year average. During this period, operating margin reached a high of 15.7% in Nov 2023 and a low of 5.4% in Aug 2026.

LEN EBITDA margin

Across the last 3 years, Lennar had an average EBITDA margin of 11.92%. Compared with its three-year average, Lennar's current EBITDA margin is 6% and is 5.9 percentage points below its three-year average. Looking back over the last 3 years, Lennar's EBITDA margin reached 15.5% at its highest point in May 2024 and 6% at its lowest in Aug 2026.

LEN Net margin

Over the last 3 years, Lennar recorded an average net margin of 8.76%. Lennar's current net margin is 4.1% and is 4.7 percentage points below its three-year average. The highest net margin for Lennar was 11.6% in May 2024, while the lowest was 4.1% in Aug 2026.

LEN margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 7.5%, LEN is below the Consumer Cyclical sector, the industry and its peers average. Compared to its Consumer Cyclical sector average of 36.3%, Lennar's gross margin is 79% lower.

LEN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Lennar's gross margin?

For the period ending Aug 31, 2026, LEN recorded a gross margin of 7.5%.

What is Lennar's operating margin?

For the period ending Aug 31, 2026, LEN recorded an operating margin of 5.4%.

What is Lennar's EBITDA margin?

For the period ending Aug 31, 2026, LEN recorded an EBITDA margin of 6%.

What is Lennar's net margin?

As of Aug 31, 2026, LEN has a net margin of 4.1%.

What are the average margins of LEN?

Over the past 3 years, LEN reported average margins of 13.2% gross, 11.2% operating, 11.9% EBITDA, and 8.8% net.

What are the highest historical margins of LEN?

Over the last 5 years, Lennar's highest margins were 22.3% gross in Aug 2022, 20.8% operating in Aug 2022, 21.7% EBITDA in Nov 2021, and 16.3% net in Nov 2021.

What are the lowest historical margins of LEN?

Lennar's lowest recorded margins during the past 5 years were 7.5% gross in Aug 2026, 5.4% operating in Aug 2026, 6% EBITDA in Aug 2026, and 4.1% net in Aug 2026.