• Lennar average operating margin for 2023 was 17.17%, a 14.79% decline from 2022.
• Lennar average operating margin for 2022 was 20.15%, a 17.49% decline from 2021.
• Lennar average operating margin for 2021 was 17.15%, a 37.64% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.