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Lennar LEN Net margin

Net margin at other companies

Pultegroup logo
PultegroupPHM
12.1%-4.3pp
D.R. Horton logo
D.R. HortonDHI
9.5%-2.6pp
NVR logo
NVRNVR
12.6%-2.3pp
Equity Residential logo
Equity ResidentialEQR
30.6%-2.5pp
Invitation Homes logo
Invitation HomesINVH
20.9%+2.9pp
Ladder Capital logo
Ladder CapitalLADR
52.2%-54.0pp

Other financials

Income statement

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Revenue$6.6B-13.3%
Net income$229.4M-55.9%

Balance sheet

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Cash & equivalents$2.4B-7.5%
Total debt$249.9M-2.4%
Total equity$21.9B-3.7%
Total assets$33.2B-5.1%

Cash flow

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Operating cash flow-$433.5M-50.0%
CapEx$30.0M-46.5%
Free cash flow-$463.5M-34.3%

Valuation

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Market cap$21.3B-10.7%
Enterprise value$19.15B-10.9%
P/E11.9×+5.5×
P/S0.6×0.0×

Returns & leverage

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Return on equity8%-7.1pp
Debt / equity0.0×

Where this comes from

Calculated from Lennar’s reported figures.

Based on trailing twelve months.

The official record: Lennar’s 10-Q, filed April 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lennar's net margin?
Lennar (LEN) reported net margin of 5.4% in Q4 2025.
How has Lennar's net margin changed year-over-year?
Lennar's net margin decreased by 48.4% year-over-year, from 10.4% to 5.4%.
What is the long-term trend for Lennar's net margin?
Over 4 years (2021 to 2025), Lennar's net margin has grown at a -13.4% compound annual growth rate (CAGR), from 59.5% to 33.4%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.