Lennox International Inc. (LII) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$7.7	$7.72	+0.3%	—	$1.5B	—
Q1 26	$3.18	$3.35	+5.3%	—	$1.1B	—
Q4 25	$4.72	$4.45	-5.7%	—	$1.2B	—
Q3 25	$6.84	$6.98	+2.0%	—	$1.4B	—
Q2 25	$6.87	$7.82	+13.8%	—	$1.5B	—
Q1 25	$3.25	$3.37	+3.7%	—	$1.1B	—
Q4 24	$4.24	$5.6	+32.1%	—	$1.3B	—
Q3 24	$6.01	$6.68	+11.1%	—	$1.5B	—
Q2 24	$6.57	$6.83	+4.0%	—	$1.5B	—
Q1 24	$3.16	$3.47	+9.8%	—	$1B	—
Q4 23	$3.43	$3.63	+5.8%	—	$1.2B	—
Q3 23	$4.71	$5.37	+14.0%	—	$1.4B	—
Q2 23	$5.17	$6.15	+19.0%	—	$1.4B	—
Q1 23	$2.47	$2.83	+14.6%	—	$1B	—
Q4 22	$2.55	$2.63	+3.1%	—	$1.1B	—
Q3 22	$4.1	$4.1	0.0%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$22.9	—	—	$5.2B	—
FY24	—	$22.7	—	—	$5.3B	—
FY23	—	$16.6	—	—	$5B	—
FY22	—	$13.9	—	—	$4.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.6B	$3.8B	$3.9B	$3.8B	$3.6B	$4.2B	$4.7B	$5B	$5.3B	$5.2B
YoY change	+5.02%	+5.44%	+1.15%	-1.97%	-4.55%	+15.4%	+12.5%	+5.58%	+7.21%	-2.73%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.6B	3.8B	3.9B	3.8B	3.6B	4.2B	4.7B	5B	5.3B	5.2B
Cost of revenue	2.6B	2.7B	2.8B	2.7B	2.6B	3B	3.4B	3.4B	3.6B	3.5B
Gross profit	1.1B	1.1B	1.1B	1.1B	1B	1.2B	1.3B	1.5B	1.8B	1.7B
Gross margin	29.6%	29.3%	28.6%	28.4%	28.6%	28.3%	27.2%	31.1%	33.2%	33.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	621M	637.7M	608.2M	585.9M	555.9M	598.9M	627.2M	705.5M	730.6M	681.4M
Operating expenses	622.9M	639.9M	610.4M	584.2M	553.7M	597.4M	626.2M	703.9M	731.1M	681.6M
Operating income	454.9M	487.4M	503M	495.6M	486.4M	591M	658.5M	843.9M	1B	1.1B
Operating margin	12.5%	12.7%	13%	13%	13.4%	14.1%	14%	16.9%	19.5%	20.3%
Non-operating income, net	-25.2M	7.2M	3.2M	59.8M	-12.9M	-5.9M	-4M	-54.7M	-8.3M	-15.5M
Pretax income	402.7M	464M	467.9M	507.9M	445.2M	560.1M	615.8M	737.5M	993.8M	996.8M
Income tax	124.1M	156.9M	107.6M	99.1M	88.1M	96.1M	118.7M	147.4M	186.9M	191M
Net income	277.8M	305.7M	359M	408.7M	356.3M	464M	497.1M	590.1M	806.9M	805.8M
Net margin	7.63%	7.96%	9.24%	10.7%	9.8%	11.1%	10.5%	11.8%	15.1%	15.5%
EBITDA	530.5M	569.8M	574.5M	571.4M	573M	669.7M	741.3M	943.3M	1.1B	1.2B
EPS	6.39	7.25	8.84	10.5	9.3	12.5	13.9	16.6	22.7	22.9
Diluted EPS	6.32	7.14	8.74	10.4	9.24	12.4	13.9	16.5	22.5	22.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.4B	1.2B	1B	1.5B	1.5B	1.3B	1.1B	1.5B	1.4B	1.2B	1.1B	1.5B
Cost of revenue	937.8M	800M	707.1M	962.9M	1B	889.7M	744.1M	978.4M	958.2M	779.8M	783.8M	1B
Gross profit	428.5M	354.8M	340M	488.2M	488.4M	455.3M	328.5M	522.5M	468.6M	415.2M	351.3M	539.5M
Gross margin	31.4%	30.7%	32.5%	33.6%	32.6%	33.9%	30.6%	34.8%	32.8%	34.7%	30.9%	34.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	178.9M	177.9M	170.7M	168.5M	184.4M	207M	171.3M	173.3M	161.6M	175.2M	185.2M	183.1M
Operating expenses	178.8M	177.7M	171M	168.5M	183.9M	207.1M	171.3M	173.3M	161.6M	175.6M	185.2M	183.1M
Operating income	249.7M	177.1M	169M	319.7M	304.5M	248.2M	157.2M	349.2M	307M	239.6M	166.1M	356.4M
Operating margin	18.3%	15.3%	16.1%	22%	20.3%	18.5%	14.7%	23.3%	21.5%	20.1%	14.6%	23.1%
Non-operating income, net	-63.3M	7.6M	-3M	-300K	-1.7M	-4M	-2.6M	4.1M	2.3M	-19.1M	-4M	-2.1M
Pretax income	175.2M	173.4M	154.2M	307M	293.9M	238.7M	148.4M	345M	298.8M	204.6M	146.9M	339.6M
Income tax	44.8M	28.9M	29.9M	61.1M	54.9M	41M	28.1M	67.4M	53M	42.5M	29.7M	70.6M
Net income	130.4M	144.5M	124.3M	245.9M	239M	197.7M	120.3M	277.6M	245.8M	162.1M	117.2M	269M
Net margin	9.54%	12.5%	11.9%	16.9%	16%	14.7%	11.2%	18.5%	17.2%	13.6%	10.3%	17.4%
EBITDA	273.9M	219M	193.4M	346.6M	326.8M	280.5M	183M	377.4M	335.6M	277.2M	193.5M	388.5M
EPS	3.67	4.07	3.49	6.91	6.71	5.55	3.39	7.86	7.01	4.08	3.37	7.75
Diluted EPS	3.65	4.04	3.47	6.87	6.68	5.52	3.37	7.82	6.98	4.07	3.35	7.72

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	6.6B	8.8B	8.9B	9.5B	10.5B	12.1B	8.5B	15.9B	21.7B	17.1B	12.7B
Enterprise value	7.5B	9.7B	9.9B	10.8B	11.5B	13.5B	10.2B	17.3B	22.8B	18.8B	14.9B
Shares outstanding	43.4M	42.2M	40.6M	39M	38.3M	37.2M	35.7M	35.5M	35.6M	35.2M	35.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	23.9	28.7	24.8	23.3	29.5	26	17.2	26.9	26.9	21.2	16.5
P/S	1.83	2.29	2.29	2.5	2.89	2.88	1.81	3.19	4.06	3.29	2.43
P/B	174.9	175.4	-59.4	-55.9	-613.6	-44.9	-42.1	55.7	25.5	14.7	9.91
EV/EBITDA	14.1	17.1	17.2	19	20.1	20.1	13.8	18.4	19.8	16	12.7
EV/Sales	2.05	2.53	2.54	2.84	3.18	3.21	2.17	3.48	4.26	3.62	2.81
Earnings yield	4.18%	3.48%	4.04%	4.3%	3.4%	3.85%	5.82%	3.71%	3.72%	4.71%	6.05%
FCF yield	4.36%	2.58%	4.5%	3.05%	5.09%	3.39%	2.36%	3.06%	3.61%	3.74%	2.18%
PEG	—	—	—	—	—	—	—	—	—	—	-11.8

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	29.6%	29.3%	28.6%	28.4%	28.6%	28.3%	27.2%	31.1%	33.2%	33.4%	34.9%
Operating margin	12.5%	12.7%	13%	13%	13.4%	14.1%	14%	16.9%	19.5%	20.3%	22.9%
Net margin	7.63%	7.96%	9.24%	10.7%	9.8%	11.1%	10.5%	11.8%	15.1%	15.5%	14.9%
ROE	731.1%	610.2%	-240%	-240.1%	-2.1K%	-172.5%	-244.8%	206.8%	94.9%	69.3%	71.8%
ROA	15.8%	16.2%	19.8%	20.1%	17.5%	21.4%	19.4%	21.1%	23.2%	19.7%	16%
ROIC	36.8%	32.7%	45.8%	34.9%	37.8%	43.2%	35.8%	38.7%	44.1%	29.4%	26.2%
Return on tangible assets	20.5%	20.6%	24.9%	24.6%	21.5%	25.8%	22.6%	25.1%	26.6%	31.7%	26.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.13	1.74	1.08	1.12	1.55	1.42	0.94	1.41	1.43	1.6	1.57
Quick ratio	0.66	1	0.57	0.58	0.92	0.8	0.47	0.72	0.9	0.63	0.77
Debt / equity	22.8	20	-6.96	-7.96	-68.9	-5.34	-8.62	5.35	1.75	1.52	1.56
Debt / assets	0.49	0.53	0.57	0.67	0.58	0.66	0.68	0.55	0.43	0.43	0.45
Net debt / EBITDA	1.54	1.64	1.73	2.3	1.83	2.09	2.28	1.55	0.93	1.48	1.65
Interest coverage	15.3	15.5	13	11.5	16	22.5	16.5	14.2	23.5	22.5	17
Effective tax rate	30.8%	33.8%	23%	19.5%	19.8%	17.2%	19.3%	20%	18.8%	19.2%	19.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	83.9	91	95.7	97.6	94.9	112.7	132.2	140.3	150	147.6	151.9
EPS (basic)	6.39	7.25	8.84	10.5	9.3	12.5	13.9	16.6	22.7	22.9	22.9
EPS (diluted)	6.32	7.14	8.74	10.4	9.24	12.4	13.9	16.5	22.5	22.8	22.5
Book value per share	0.88	1.19	-3.68	-4.36	-0.45	-7.23	-5.69	8.04	23.9	33	37.5
FCF per share	6.67	5.37	9.86	7.45	13.9	11	5.64	13.7	22	18.1	21.2
Cash per share	1.16	1.62	1.14	1.03	3.37	0.98	1.71	1.95	11.9	0.99	1.51
Capex per share	1.94	2.32	2.34	2.67	2.02	2.85	2.79	6.99	4.53	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.31%	2.55%	2.45%	2.74%	2.13%	2.52%	2.11%	4.98%	3.02%	—	—
Capex / operating cash flow	27.9%	30.6%	21.1%	37%	13.8%	24.2%	35.9%	40.6%	17.7%	—	—
Payout ratio	24.8%	26.1%	26.2%	27%	33.1%	27.3%	28.6%	26%	19.9%	21.5%	23.4%
Dividend yield	1.04%	0.91%	1.06%	1.16%	1.13%	1.05%	1.66%	0.97%	0.74%	1.01%	1.48%

Yield

1.48%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.36

ex-dividend Jun 30, 2026

Payout ratio

23%

of earnings

Dividend growth

16 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$1.36
Mar 31, 2026	$1.30
Dec 31, 2025	$1.30

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.4B	$1.2B	$1B	$1.5B	$1.5B	$1.3B	$1.1B	$1.5B	$1.4B	$1.2B	$1.1B	$1.5B
YoY change	+9.75%	+5.58%	-0.22%	+2.81%	+9.65%	+16.5%	+2.44%	+3.43%	-4.76%	-11.2%	+5.83%	+2.96%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	50.2M	68.2M	46.3M	40.2M	129M	36.5M	61.1M	69.1M	422.3M	34.7M
Receivables	469.8M	506.5M	472.7M	477.8M	448.3M	508.3M	608.5M	594.6M	661.1M	578.8M
Inventory	418.5M	484.2M	509.8M	544.1M	439.4M	510.9M	753M	699.1M	704.8M	1.2B
Total current assets	1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.5B	1.4B	1.9B	1.9B
Property, plant & equipment	143.2M	163.4M	197.4M	384.1M	392.6M	425.3M	447.2M	562.1M	699.5M	768.4M
Goodwill & intangibles	404.8M	409.6M	373.2M	373M	373.8M	373.2M	372.6M	444.2M	440M	1.5B
Total assets	1.8B	1.9B	1.8B	2B	2B	2.2B	2.6B	2.8B	3.5B	4.1B
Accounts payable	361.2M	348.6M	433.3M	372.4M	340.3M	402.1M	427.3M	374.7M	490M	438M
Short-term debt	252.5M	33.5M	300.8M	374.6M	64.9M	66.1M	773.9M	219.6M	387.9M	333.2M
Total current liabilities	888.6M	654.5M	1B	1B	701.3M	827.1M	1.6B	1B	1.3B	1.2B
Long-term debt	615.7M	970.5M	740.5M	980.3M	1.1B	1.4B	976M	1.3B	1.1B	1.4B
Total liabilities	1.7B	1.8B	2B	2.2B	2B	2.4B	2.8B	2.5B	2.6B	2.9B
Shareholders' equity	38M	50.1M	-149.6M	-170.2M	-17.1M	-269M	-203.1M	285.3M	850.2M	1.2B
Total debt	868.2M	1B	1B	1.4B	1.2B	1.4B	1.7B	1.5B	1.5B	1.8B
Net debt	818M	935.8M	995M	1.3B	1.1B	1.4B	1.7B	1.5B	1.1B	1.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	141.6M	69.1M	57.6M	57.8M	255.7M	422.3M	222.9M	55.1M	59.2M	34.7M	50.2M	52.1M
Receivables	694.8M	594.6M	616M	858.6M	816.5M	661.1M	651.7M	868.2M	758.6M	578.8M	647.9M	918.1M
Inventory	747.9M	699.1M	823.4M	776.3M	689.2M	704.8M	902.3M	1B	991.5M	1.2B	1.2B	1.2B
Total current assets	1.7B	1.4B	1.6B	1.8B	1.8B	1.9B	1.9B	2B	1.9B	1.9B	2B	2.3B
Property, plant & equipment	816.2M	562.1M	982.8M	1B	1B	699.5M	1.1B	1.2B	1.2B	768.4M	1.3B	1.3B
Goodwill & intangibles	363.4M	444.2M	439.8M	439.8M	439.8M	440M	440M	440M	440M	1.5B	1.5B	1.5B
Total assets	2.9B	2.8B	3B	3.2B	3.3B	3.5B	3.5B	3.7B	3.5B	4.1B	4.3B	4.5B
Accounts payable	345.8M	374.7M	437.8M	450.8M	477.5M	490M	576.6M	582.7M	478.2M	438M	464.6M	523.5M
Short-term debt	421.8M	219.6M	329.2M	227.6M	380.5M	387.9M	391.7M	423.9M	252.7M	333.2M	463M	519.3M
Total current liabilities	1.3B	1B	1.1B	1.1B	1.3B	1.3B	1.3B	1.4B	1.1B	1.2B	1.3B	1.4B
Long-term debt	1.3B	1.3B	1.3B	1.3B	1B	1.1B	1.1B	1.1B	1.1B	1.4B	1.5B	1.5B
Total liabilities	2.7B	2.5B	2.6B	2.6B	2.6B	2.6B	2.6B	2.8B	2.5B	2.9B	3.1B	3.2B
Shareholders' equity	159.5M	285.3M	368.8M	577.4M	754M	850.2M	852.5M	900.5M	1.1B	1.2B	1.2B	1.3B
Total debt	1.7B	1.5B	1.7B	1.6B	1.4B	1.5B	1.5B	1.5B	1.4B	1.8B	2B	2B
Net debt	1.6B	1.5B	1.6B	1.5B	1.2B	1.1B	1.3B	1.5B	1.3B	1.7B	1.9B	2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	277.8M	305.7M	359M	408.7M	356.3M	464M	497.1M	590.1M	806.9M	805.8M
Depreciation & amortization	58.1M	64.6M	66M	71.1M	72.6M	72.4M	77.9M	86M	95.1M	112.5M
Stock-based compensation	31.7M	24.9M	26.3M	21.3M	24.3M	24.3M	21.8M	30.1M	28.5M	29.1M
Change in working capital	-8M	-116.9M	-1.2M	-160.6M	100.7M	-116.6M	-281.6M	-56.2M	12.1M	-142.7M
Operating cash flow	301.8M	320.2M	450.2M	282.1M	561.4M	438.4M	277.4M	611.1M	908.8M	820.2M
Capital expenditure	-84.1M	-98.1M	-95.1M	-104.3M	-77.5M	-105.9M	-99.5M	-248.1M	-161.1M	—
Investing cash flow	-84.1M	-98.1M	30.5M	15.9M	-79.7M	-106.4M	-103M	-319.8M	-167M	-545M
Dividends paid	-69M	-79.7M	-93.9M	-110.5M	-118.1M	-126.5M	-142M	-153.4M	-160.3M	-173M
Share repurchases	-333.3M	-276.1M	-477.1M	-424M	-117.9M	-622.1M	-308.3M	-14.9M	-75.2M	-501.5M
Financing cash flow	-277M	-250.2M	-578.1M	-428.7M	-446.4M	-498.7M	-174.1M	-406.2M	-992.7M	-1.6B
Net change in cash	-59.3M	-28.1M	-97.4M	-130.7M	35.3M	-166.7M	300K	-114.9M	-250.9M	-1.3B
Free cash flow	289.6M	226.8M	400.3M	290.5M	533.9M	408.7M	201.2M	486M	782.1M	638.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	130.4M	—	124.3M	245.9M	239M	197.7M	120.3M	268.3M	240.2M	162.1M	117.2M	269M
Depreciation & amortization	21.5M	—	24M	25.2M	20.4M	25.5M	25.6M	26.8M	27M	33.1M	29.2M	32.6M
Stock-based compensation	9.7M	—	6.6M	6.7M	6.8M	8.4M	6.3M	8.2M	6.3M	8.3M	6.3M	5.8M
Change in working capital	71.7M	—	-54.5M	-176.9M	146.4M	102.9M	-79.1M	-257.6M	-18.8M	232.7M	-70.9M	-210.5M
Operating cash flow	226.3M	—	85.9M	95.2M	400.6M	332.9M	68.6M	86.8M	300.7M	405.9M	16.1M	172M
Capital expenditure	-39.6M	—	-29M	-32.1M	-40.4M	-59.6M	-25M	—	—	—	—	—
Investing cash flow	-39.6M	—	-27.2M	-32.1M	-40.4M	-67.3M	-25M	0	0	-545M	-200K	0
Dividends paid	-78.2M	—	-39.1M	-39.2M	-41M	-41M	-40.9M	-40.8M	-45.7M	-45.6M	-45.2M	-45.3M
Share repurchases	-3.9M	—	-8.1M	-1M	-18.8M	-47.3M	-96.5M	-210.7M	-37.9M	-156.4M	-30M	-132.7M
Financing cash flow	-176.4M	0	-34M	-637.7M	-406.2M	-91.2M	-142.4M	-338.8M	-668.6M	-461M	-244.6M	-558.1M
Net change in cash	10.3M	0	24.7M	-574.6M	-46M	174.4M	-98.8M	-252M	-367.9M	-600.1M	-228.7M	-386.1M
Free cash flow	273.5M	—	-52.3M	151.3M	410.9M	272.2M	-61.3M	58.3M	265.1M	376.7M	-39.4M	136.3M

Lennox International Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement