LEN vs. MTH

Last updated Apr 1, 2026

Compare and contrast key facts about Lennar Corporation (LEN) and Meritage Homes Corporation (MTH).

Performance

LEN vs. MTH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lennar Corporation (LEN) and Meritage Homes Corporation (MTH). The values are adjusted to include any dividend payments, if applicable.

LEN vs. MTH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LEN Lennar Corporation	-15.15%	-20.80%	-7.32%	66.92%	-20.64%	53.99%	37.97%	42.96%	-37.91%	50.28%
MTH Meritage Homes Corporation	-5.31%	-12.32%	-10.16%	90.53%	-24.46%	47.38%	35.53%	66.42%	-28.28%	47.13%

Fundamentals

EPS LEN : $8.10 MTH : $6.42
PE Ratio LEN : 10.72 MTH : 9.63
PS Ratio LEN : 0.65 MTH : 0.75
Total Revenue (TTM) LEN : $34.13B MTH : $5.84B
Gross Profit (TTM) LEN : $6.01B MTH : $1.15B
EBITDA (TTM) LEN : $2.95B MTH : $664.18M

Returns By Period

In the year-to-date period, LEN achieves a -15.15% return, which is significantly lower than MTH's -5.31% return. Over the past 10 years, LEN has underperformed MTH with an annualized return of 7.81%, while MTH has yielded a comparatively higher 13.63% annualized return.

LEN

• 1D: 2.31%
• 1M: -24.06%
• YTD: -15.15%
• 6M: -30.50%
• 1Y: -22.99%
• 3Y*: -3.75%
• 5Y*: -1.37%
• 10Y*: 7.81%

MTH

• 1D: 2.95%
• 1M: -17.39%
• YTD: -5.31%
• 6M: -13.44%
• 1Y: -10.46%
• 3Y*: 3.83%
• 5Y*: 6.80%
• 10Y*: 13.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LEN vs. MTH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LEN

LEN Risk / Return Rank: 16
LEN Sharpe Ratio Rank: 15
LEN Sortino Ratio Rank: 16
LEN Omega Ratio Rank: 17
LEN Calmar Ratio Rank: 23
LEN Martin Ratio Rank: 11

MTH

MTH Risk / Return Rank: 29
MTH Sharpe Ratio Rank: 30
MTH Sortino Ratio Rank: 27
MTH Omega Ratio Rank: 28
MTH Calmar Ratio Rank: 31
MTH Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LEN vs. MTH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lennar Corporation (LEN) and Meritage Homes Corporation (MTH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LEN	MTH	Difference
Sharpe ratio Return per unit of total volatility	-0.61	-0.26	-0.35
Sortino ratio Return per unit of downside risk	-0.73	-0.13	-0.61
Omega ratio Gain probability vs. loss probability	0.92	0.99	-0.07
Calmar ratio Return relative to maximum drawdown	-0.56	-0.35	-0.21
Martin ratio Return relative to average drawdown	-1.48	-0.80	-0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEN vs. MTH - Sharpe Ratio Comparison

The current LEN Sharpe Ratio is -0.61, which is lower than the MTH Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of LEN and MTH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LEN	MTH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	-0.26	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	0.18	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.32	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.18	+0.07

Correlation

The correlation between LEN and MTH is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LEN vs. MTH - Dividend Comparison

LEN's dividend yield for the trailing twelve months is around 2.30%, less than MTH's 2.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEN Lennar Corporation	2.30%	1.95%	1.47%	1.01%	1.66%	0.86%	0.82%	0.29%	0.41%	0.25%	0.37%	0.33%
MTH Meritage Homes Corporation	2.86%	2.61%	1.95%	0.62%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

LEN vs. MTH - Drawdown Comparison

The maximum LEN drawdown since its inception was -94.28%, roughly equal to the maximum MTH drawdown of -93.22%. Use the drawdown chart below to compare losses from any high point for LEN and MTH.

Drawdown Indicators

	LEN	MTH	Difference
Max Drawdown Largest peak-to-trough decline	-94.28%	-93.22%	-1.06%
Max Drawdown (1Y) Largest decline over 1 year	-39.87%	-27.68%	-12.19%
Max Drawdown (5Y) Largest decline over 5 years	-53.33%	-46.77%	-6.56%
Max Drawdown (10Y) Largest decline over 10 years	-58.80%	-64.27%	+5.47%
Current Drawdown Current decline from peak	-52.25%	-39.96%	-12.29%
Average Drawdown Average peak-to-trough decline	-27.58%	-47.64%	+20.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.13%	12.21%	+2.92%

Volatility

LEN vs. MTH - Volatility Comparison

Lennar Corporation (LEN) and Meritage Homes Corporation (MTH) have volatilities of 10.41% and 10.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEN	MTH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	10.17%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	26.44%	25.41%	+1.03%
Volatility (1Y) Calculated over the trailing 1-year period	37.57%	39.79%	-2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.36%	38.92%	-4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.04%	42.51%	-5.47%

Financials

LEN vs. MTH - Profitability Comparison

The chart below illustrates the profitability comparison between Lennar Corporation and Meritage Homes Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LEN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lennar Corporation reported a gross profit of 1.53B and revenue of 9.37B. Therefore, the gross margin over that period was 16.3%.

MTH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Meritage Homes Corporation reported a gross profit of 232.26M and revenue of 1.43B. Therefore, the gross margin over that period was 16.3%.

LEN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lennar Corporation reported an operating income of 666.96M and revenue of 9.37B, resulting in an operating margin of 7.1%.

MTH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Meritage Homes Corporation reported an operating income of 376.39M and revenue of 1.43B, resulting in an operating margin of 26.4%.

LEN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lennar Corporation reported a net income of 490.24M and revenue of 9.37B, resulting in a net margin of 5.2%.

MTH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Meritage Homes Corporation reported a net income of 84.03M and revenue of 1.43B, resulting in a net margin of 5.9%.