Lennar Corporation LEN

82.15 0.68 0.83% as of 25 Sep
Market cap
$19.6B
P/E
15.5×
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Lennar Corporation (LEN) Operating margin

Lennar Corporation's operating margin over the twelve months to 31 August 2026 was 5.63%, down 2.4 percentage points from fiscal 2025 (8.05%). Over the past ten years it has ranged from 8.05% (fiscal 2025) to 20.2% (fiscal 2022) — the current reading is the lowest in ten years. That is below the Residential Construction industry median of 9.03% and above the Consumer Cyclical sector median of 3.34%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 8.05% (5.63)
FY2024 13.7% (2.21)
FY2023 15.9% (4.27)
FY2022 20.2% 1.22
FY2021 18.9% 4.97
FY2020 14.0% 2.82
FY2019 11.2% 2.22
FY2018 8.93% (1.66)
FY2017 10.6% (0.94)
FY2016 11.5% 0.07

Quarterly

Period Operating margin Change (points)
Aug 2026 5.97% 0.70
May 2026 5.27% 1.75
Feb 2026 3.52% (3.60)
Nov 2025 7.12% (1.07)
43 more quarters

Against its own ten years

Low 8.05% High 20.2%
Ten-year median 11.5%
Current reading's percentile 9

Operating margin against peers

Company Operating margin
NVR NVR, Inc. compare 16.0%
PHM PulteGroup, Inc. compare 15.2%
TOL Toll Brothers Inc. compare 13.8%
IBP Installed Building Products, Inc. compare 12.4%
DHI D.R. Horton, Inc. compare 11.4%
SKY Champion Homes, Inc. compare 8.74%
MTH Meritage Homes Corporation compare 7.22%
LEN.B Lennar Corporation compare 6.23%
LEN Lennar Corporation 5.63%
Residential Construction industry median 9.03%
Consumer Cyclical sector median 3.34%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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