Lennar Corporation (LEN)

Pretax margin

Nov 30, 2025 Nov 30, 2024 Nov 30, 2023 Nov 30, 2022 Nov 30, 2021
Earnings before tax but after interest (EBT) US$ in thousands 2,813,860 5,184,910 5,202,300 6,014,570 5,819,060
Revenue US$ in thousands 34,186,900 35,476,700 34,233,400 33,671,000 27,130,700
Pretax margin 8.23% 14.61% 15.20% 17.86% 21.45%

November 30, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $2,813,860K ÷ $34,186,900K
= 8.23%