Construction CEO pay ratio
SEC EDGAR DEF 14A benchmarks for SIC 15. Highest in-industry ratio on this page: Lennar Corp /new/ at 284:1.
- Median pay ratio
- 86:1
- Average pay ratio
- 98:1
- Median CEO pay
- $8.7M
- Companies tracked
- 16
Data updated August 2026
Answer first
Construction sits at #43 of 63 SIC-2 industries by median CEO-to-worker pay ratio and #24 of 63 by median CEO pay - ratio rank is not dollar rank (16 FY2025 filers, median 86:1 / $8.7M).
Ranked just above: Communications (87:1). Just below: Trucking & Warehousing (84:1). Inside this SIC, Lennar Corp /new/ currently leads the in-page company list at 284:1.
- Median ratio
- 86:1
- #43 of 63 SIC-2 industries
- Median CEO pay
- $8.7M
- #24 of 63 by median dollars
- Filers
- 16
- FY2025 SIC 15
Ratio bands inside Construction
Exclusive CEO-to-median-worker bands across 15 complete FY2025 filings in SIC 15. Segments sum to the in-industry set, not the leader bars below.
Construction vs all SIC-2 industries
Construction is #43 of 63 industries by median CEO-to-worker pay ratio (33rd percentile). Corpus complete-filing median is 87:1; this industry's median is 86:1.
Filing-year trail · SIC 15
FY2021–2025 cohort medians; changes compare adjacent years and are not inflation-adjusted.
- Latest median ratio
- 86:1
- FY2025
- vs prior FY
- -16:1
- from FY2024 102:1
- Median CEO $ YoY
- +7%
- $8.7M latest
- Filer count YoY
- 0
- 16 in FY2025
| FY | Median ratio | Δ ratio | Median CEO pay | Δ pay | Filers |
|---|---|---|---|---|---|
| 2021 | 82:1 | - | $7.4M | - | 15 |
| 2022 | 106:1 | +24:1 | $7.6M | +2.8% | 17 |
| 2023 | 98:1 | -8:1 | $8.5M | +11% | 17 |
| 2024 | 102:1 | +3.5:1 | $8.1M | -4.3% | 16 |
| 2025 | 86:1 | -16:1 | $8.7M | +7% | 16 |
Source: PlainCEOPay industry_benchmarks for SIC 15 (Construction), FY2021–2025. Each row is one fiscal-year cohort median, not a company-level panel.
Lower-third median pay ratio
Construction in the lower-ratio third
Construction sits in the bottom third of SIC-2 industries by median CEO-to-worker pay ratio (86:1; #43 of 63). Construction (SIC 15) posts a lower-third median CEO-to-worker pay ratio of 86:1 across 16 FY2025 SEC filers.
Even in the lower-ratio third, the 25th percentile CEO earned $5.0M while the 75th earned $13.5M. When the average (98:1) and median (86:1) stay close, pay practices look more uniform across the sector.
19 Construction companies below ; each company page sets its filing against this median.
Companies in Construction (19 )
| # | Company | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| 1 | Lennar Corp /new/ SEC EDGAR DEF 14A, CIK 920760 | - | - | 284:1 | 2025 |
| 2 | Horton D R Inc /de/ Latest filing FY2023 SEC EDGAR DEF 14A, CIK 882184 | $25.2M | $126K | 200:1 | 2023 |
| 3 | Sekisui House U.S., Inc. Latest filing FY2022 SEC EDGAR DEF 14A, CIK 773141 | $18.5M | $110K | 169:1 | 2022 |
| 4 | Pultegroup Inc/mi/ SEC EDGAR DEF 14A, CIK 822416 | $15.4M | $108K | 142:1 | 2025 |
| 5 | Tutor Perini Corp SEC EDGAR DEF 14A, CIK 77543 | $10.0M | $77K | 131:1 | 2025 |
| 6 | Toll Brothers, Inc. SEC EDGAR DEF 14A, CIK 794170 | $15.3M | $120K | 127:1 | 2025 |
| 7 | Kb Home SEC EDGAR DEF 14A, CIK 795266 | $14.7M | $117K | 126:1 | 2025 |
| 8 | Green Brick Partners, Inc. SEC EDGAR DEF 14A, CIK 1373670 | $13.4M | $110K | 122:1 | 2025 |
| 9 | Installed Building Products, Inc. SEC EDGAR DEF 14A, CIK 1580905 | $6.6M | $62K | 106:1 | 2025 |
| 10 | Hovnanian Enterprises Inc SEC EDGAR DEF 14A, CIK 357294 | $13.6M | $158K | 86:1 | 2025 |
| 11 | Century Communities, Inc. SEC EDGAR DEF 14A, CIK 1576940 | $8.5M | $99K | 86:1 | 2025 |
| 12 | M/i Homes, Inc. SEC EDGAR DEF 14A, CIK 799292 | $9.9M | $121K | 82:1 | 2025 |
| 13 | Tri Pointe Homes, Inc. SEC EDGAR DEF 14A, CIK 1561680 | $8.7M | $109K | 80:1 | 2025 |
| 14 | Meritage Homes CORP SEC EDGAR DEF 14A, CIK 833079 | $127K | $127K | 64:1 | 2025 |
| 15 | Beazer Homes USA Inc Latest filing FY2024 SEC EDGAR DEF 14A, CIK 915840 | $6.4M | $113K | 56:1 | 2024 |
| 16 | Everus Construction Group, Inc. SEC EDGAR DEF 14A, CIK 2015845 | $4.9M | $94K | 52:1 | 2025 |
| 17 | LGI Homes, Inc. SEC EDGAR DEF 14A, CIK 1580670 | $5.2M | $104K | 50:1 | 2025 |
| 18 | Nvr Inc SEC EDGAR DEF 14A, CIK 906163 | $1.8M | $88K | 20:1 | 2025 |
| 19 | Taylor Morrison Home Corp SEC EDGAR DEF 14A, CIK 1562476 | $137K | $137K | 8:1 | 2025 |
Latest filing: 3 of the 19 issuers above have no FY2025 filing on file, so their rows show their newest earlier year (see the FY column). They are ranked here beside FY2025 filers and each carries the marker; the Construction benchmark and the lead figures on this page use FY2025 filers only.
Open Lennar Corp /new/ for the in-SIC filing next to this median, or compare every SIC on the Industries directory.
Read our methodology - how this data is sourced, computed, and verified.