Lennar Corporation (LEN)
Pretax margin
| Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,813,863 | 3,588,752 | 4,333,179 | 4,952,358 | 5,184,906 | 5,511,046 | 5,451,076 | 5,348,636 | 5,202,303 | 5,176,953 | 5,526,063 | 6,122,273 | 6,014,555 | 5,836,635 | 5,826,715 | 5,168,765 | 5,819,040 | 5,402,890 | 4,447,553 | 4,027,250 |
| Revenue (ttm) | US$ in thousands | 34,134,550 | 34,783,840 | 35,380,660 | 35,806,840 | 35,476,720 | 36,428,020 | 35,767,000 | 35,029,840 | 34,220,070 | 33,476,270 | 33,659,080 | 33,980,770 | 33,709,520 | 31,915,960 | 29,937,470 | 28,017,870 | 27,141,920 | 25,535,330 | 24,472,650 | 23,287,990 |
| Pretax margin | 8.24% | 10.32% | 12.25% | 13.83% | 14.61% | 15.13% | 15.24% | 15.27% | 15.20% | 15.46% | 16.42% | 18.02% | 17.84% | 18.29% | 19.46% | 18.45% | 21.44% | 21.16% | 18.17% | 17.29% |
November 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,813,863K ÷ $34,134,550K
= 8.24%
Peer comparison
Nov 30, 2025
Company name
Symbol
Pretax margin
Lennar Corporation
LEN
8.24%
DR Horton Inc
DHI
13.84%
KB Home
KBH
8.89%
M/I Homes Inc
MHO
11.93%
Meritage Corporation
MTH
9.98%
NVR Inc
NVR
18.10%
PulteGroup Inc
PHM
16.82%
Toll Brothers Inc
TOL
16.33%