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Side-by-side financial comparison of Lennar (LEN) and Merck & Co. (MRK). Click either name above to swap in a different company.
Merck & Co. is the larger business by last-quarter revenue ($16.3B vs $6.6B, roughly 2.5× Lennar). Lennar runs the higher net margin — 3.5% vs 0.9%, a 2.6% gap on every dollar of revenue. On growth, Merck & Co. posted the faster year-over-year revenue change (4.9% vs -13.3%). Over the past eight quarters, Merck & Co.'s revenue compounded faster (0.5% CAGR vs -13.1%).
Lennar Corporation is an American home construction company based in Miami-Dade County, Florida. As of 2025, it is the second-largest home construction company in the United States based on the number of homes sold. Lennar has investments in multifamily and single-family residential rental properties, luxury development, property technology with LenX, and mortgage lending from Lennar Mortgage.
Merck & Co., Inc. is an American multinational pharmaceutical company headquartered in Rahway, New Jersey. The company does business as Merck Sharp & Dohme or MSD outside the United States and Canada. The company is ranked fourth on the list of largest biomedical companies by revenue.
LEN vs MRK — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.6B | $16.3B |
| Net Profit | $229.4M | $141.0M |
| Gross Margin | — | 74.2% |
| Operating Margin | — | — |
| Net Margin | 3.5% | 0.9% |
| Revenue YoY | -13.3% | 4.9% |
| Net Profit YoY | -55.8% | -9.5% |
| EPS (diluted) | $0.93 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $6.6B | $16.3B | ||
| Q4 25 | $9.4B | $16.4B | ||
| Q3 25 | $8.8B | $17.3B | ||
| Q2 25 | $8.4B | $15.8B | ||
| Q1 25 | $7.6B | $15.5B | ||
| Q4 24 | $9.9B | $15.6B | ||
| Q3 24 | $9.4B | $16.7B | ||
| Q2 24 | $8.8B | $16.1B |
| Q1 26 | $229.4M | $141.0M | ||
| Q4 25 | $490.2M | $3.0B | ||
| Q3 25 | $591.0M | $5.8B | ||
| Q2 25 | $477.4M | $4.4B | ||
| Q1 25 | $519.5M | $5.1B | ||
| Q4 24 | $1.1B | $3.7B | ||
| Q3 24 | $1.2B | $3.2B | ||
| Q2 24 | $954.3M | $5.5B |
| Q1 26 | — | 74.2% | ||
| Q4 25 | — | 66.2% | ||
| Q3 25 | — | 77.7% | ||
| Q2 25 | — | 77.5% | ||
| Q1 25 | — | 78.0% | ||
| Q4 24 | — | 75.5% | ||
| Q3 24 | — | 75.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | 20.9% | ||
| Q3 25 | 9.0% | 39.0% | ||
| Q2 25 | 7.7% | 31.6% | ||
| Q1 25 | 9.1% | 38.0% | ||
| Q4 24 | 14.7% | 26.7% | ||
| Q3 24 | 16.3% | 24.6% | ||
| Q2 24 | 14.4% | 37.3% |
| Q1 26 | 3.5% | 0.9% | ||
| Q4 25 | 5.2% | 18.1% | ||
| Q3 25 | 6.7% | 33.5% | ||
| Q2 25 | 5.7% | 28.0% | ||
| Q1 25 | 6.8% | 32.7% | ||
| Q4 24 | 11.0% | 24.0% | ||
| Q3 24 | 12.3% | 19.0% | ||
| Q2 24 | 10.9% | 33.9% |
| Q1 26 | $0.93 | — | ||
| Q4 25 | — | $1.19 | ||
| Q3 25 | $2.29 | $2.32 | ||
| Q2 25 | $1.81 | $1.76 | ||
| Q1 25 | $1.96 | $2.01 | ||
| Q4 24 | $4.03 | $1.49 | ||
| Q3 24 | $4.26 | $1.24 | ||
| Q2 24 | $3.45 | $2.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.1B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $21.9B | — |
| Total Assets | $33.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | — | ||
| Q4 25 | $3.8B | $14.6B | ||
| Q3 25 | — | $18.2B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $9.2B | ||
| Q4 24 | $4.9B | $13.7B | ||
| Q3 24 | — | $14.6B | ||
| Q2 24 | — | $11.4B |
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $21.9B | — | ||
| Q4 25 | $22.0B | $52.6B | ||
| Q3 25 | $22.6B | $51.9B | ||
| Q2 25 | $22.6B | $49.0B | ||
| Q1 25 | $22.7B | $48.3B | ||
| Q4 24 | $27.9B | $46.3B | ||
| Q3 24 | $27.4B | $44.5B | ||
| Q2 24 | $26.9B | $43.6B |
| Q1 26 | $33.2B | — | ||
| Q4 25 | $34.4B | $136.9B | ||
| Q3 25 | $34.9B | $129.5B | ||
| Q2 25 | $34.4B | $117.5B | ||
| Q1 25 | $35.0B | $115.1B | ||
| Q4 24 | $41.3B | $117.1B | ||
| Q3 24 | $39.7B | $117.5B | ||
| Q2 24 | $38.7B | $112.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.15× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LEN
| Homebuilding | $6.3B | 95% |
| Financial Services | $215.6M | 3% |
| Multifamily | $82.5M | 1% |
| Lennar Other | $22.9M | 0% |
MRK
Segment breakdown not available.
