LII · Lennox International Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $5.20B | $5.34B | $4.98B | $4.72B | $4.19B | $3.63B |
| Cost of Revenue | $3.46B | $3.57B | $3.43B | $3.43B | $3.01B | $2.59B |
| Gross Profit | $1.73B | $1.77B | $1.55B | $1.28B | $1.19B | $1.04B |
| R&D | $103.40M | $93.60M | $94.00M | $80.30M | $76.10M | $66.80M |
| SG&A | $681.40M | $730.60M | $705.50M | $627.20M | $598.90M | $555.90M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $112.50M | $95.10M | $86.00M | $77.90M | $72.40M | $72.60M |
| Operating Income | $1.04B | $1.03B | $790.10M | $656.20M | $590.30M | $478.50M |
| Interest Expense | $40.90M | $38.70M | $51.70M | $38.70M | $25.00M | $28.30M |
| Income Tax | $191.00M | $186.90M | $147.40M | $118.70M | $96.10M | $88.10M |
| Net Income | $805.80M | $806.90M | $590.10M | $497.10M | $464.00M | $356.30M |
| EPS - Basic | $22.89 | $22.67 | $16.61 | $13.92 | $12.47 | $9.30 |
| EPS - Diluted | $22.79 | $22.54 | $16.54 | $13.88 | $12.39 | $9.24 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $34.20M | $415.10M | $60.70M | $52.60M | $31.00M | $123.90M |
| Accounts Receivable | $578.80M | $661.10M | $594.60M | $608.50M | $508.30M | $448.30M |
| Inventory | $1.15B | $704.80M | $699.10M | $753.00M | $510.90M | $439.40M |
| Accounts Payable | $438.00M | $490.00M | $374.70M | $427.30M | $402.10M | $340.30M |
| Current Assets | $1.90B | $1.88B | $1.43B | $1.50B | $1.18B | $1.09B |
| Total Assets | $4.08B | $3.47B | $2.80B | $2.57B | $2.17B | $2.03B |
| Current Liabilities | $1.19B | $1.31B | $1.01B | $1.60B | $827.10M | $701.30M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $2.92B | $2.62B | $2.51B | $2.77B | $2.44B | $2.05B |
| Stockholders' Equity | $1.16B | $850.20M | $285.30M | ($203.10M) | ($269.00M) | ($17.10M) |
| Retained Earnings | $4.89B | $4.15B | $3.51B | $3.07B | $2.72B | $2.39B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $757.60M | $945.70M | $736.20M | $302.30M | $515.50M | $612.40M |
| Investing Cash Flow | ($655.60M) | ($174.40M) | ($319.70M) | ($103.00M) | ($106.40M) | ($79.70M) |
| Financing Cash Flow | ($465.70M) | ($418.60M) | ($406.20M) | ($174.10M) | ($498.70M) | ($441.80M) |
| CapEx | $118.80M | $163.60M | $250.20M | $101.10M | $106.80M | $78.50M |
| Free Cash Flow | $638.80M | $782.10M | $486.00M | $201.20M | $408.70M | $533.90M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 33.4% | 33.2% | 31.1% | 27.2% | 28.3% | 28.6% |
| Operating margin | 20.0% | 19.4% | 15.9% | 13.9% | 14.1% | 13.2% |
| EBITDA margin | 22.2% | 21.2% | 17.6% | 15.6% | 15.8% | 15.2% |
| Net margin | 15.5% | 15.1% | 11.8% | 10.5% | 11.1% | 9.8% |
| Free cash flow margin | 12.3% | 14.6% | 9.8% | 4.3% | 9.7% | 14.7% |
| FCF / Net income | 0.79 | 0.97 | 0.82 | 0.40 | 0.88 | 1.50 |
| R&D / Revenue | 2.0% | 1.8% | 1.9% | 1.7% | 1.8% | 1.8% |
| SG&A / Revenue | 13.1% | 13.7% | 14.2% | 13.3% | 14.3% | 15.3% |
| Effective tax rate | 19.2% | 18.8% | 20.0% | 19.3% | 17.2% | 19.8% |
| Return on assets | 19.7% | 23.2% | 21.1% | 19.4% | 21.4% | 17.5% |
| Return on equity | 69.3% | 94.9% | 206.8% | -244.8% | -172.5% | -2083.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.60 | 1.43 | 1.41 | 0.94 | 1.42 | 1.55 |
| Quick ratio | 0.63 | 0.90 | 0.72 | 0.47 | 0.80 | 0.92 |
| Cash ratio | 0.03 | 0.32 | 0.06 | 0.03 | 0.04 | 0.18 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 25.5x | 26.7x | 15.3x | 17.0x | 23.6x | 16.9x |
| Equity multiplier | 3.51 | 4.08 | 9.81 | -12.64 | -8.07 | -118.86 |
| Liabilities / Assets | 0.72 | 0.76 | 0.90 | 1.08 | 1.12 | 1.01 |
| Efficiency | ||||||
| Asset turnover | 1.27 | 1.54 | 1.78 | 1.84 | 1.93 | 1.79 |
| Inventory turnover | 3.00 | 5.06 | 4.91 | 4.56 | 5.88 | 5.90 |
| Days sales outstanding | 41d | 45d | 44d | 47d | 44d | 45d |
| Days inventory outstanding | 122d | 72d | 74d | 80d | 62d | 62d |
| Days payable outstanding | 46d | 50d | 40d | 45d | 49d | 48d |
| Cash conversion cycle | 116d | 67d | 78d | 82d | 57d | 59d |
| Valuation | ||||||
| P / E | 21.3x | 27.0x | 27.1x | 17.2x | 26.2x | 29.7x |
| P / B | 14.8x | 25.7x | 56.0x | - | - | - |
| P / S | 3.3x | 4.1x | 3.2x | 1.8x | 2.9x | 2.9x |
| EV / EBITDA | 14.9x | 18.9x | 18.2x | 11.6x | 18.3x | 19.0x |
| Growth | ||||||
| Revenue growth (YoY) | -2.7% | 7.2% | 5.6% | 12.5% | 15.4% | -4.5% |
| Revenue CAGR (3y) | 3.3% | 8.4% | 11.1% | 7.4% | 4.8% | -1.8% |
| Revenue CAGR (5y) | 7.4% | 7.0% | 6.5% | 4.2% | 2.9% | 0.9% |
| Gross profit growth (YoY) | -2.1% | 14.5% | 20.5% | 8.1% | 14.3% | -3.7% |
| Operating income growth (YoY) | 0.6% | 31.0% | 20.4% | 11.2% | 23.4% | -27.2% |
| Net income growth (YoY) | -0.1% | 36.7% | 18.7% | 7.1% | 30.2% | -12.8% |
| EPS growth (YoY) | 1.1% | 36.3% | 19.2% | 12.0% | 34.1% | -11.0% |
| EPS CAGR (3y) | 18.0% | 22.1% | 21.4% | 10.2% | 12.3% | 9.0% |
| EPS CAGR (5y) | 19.8% | 16.8% | 13.6% | 14.2% | 14.4% | 17.7% |
| FCF growth (YoY) | -18.3% | 60.9% | 141.6% | -50.8% | -23.5% | 83.8% |
| FCF CAGR (5y) | 3.7% | 21.9% | 4.0% | -2.4% | 8.6% | 15.4% |
| Book value growth (YoY) | 36.8% | 198.0% | - | 24.5% | -1473.1% | 90.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.20B totalResidential Heating And Cooling$3.34B · 64.4%
Commercial Heating And Cooling$1.85B · 35.6%
Geographic
$3.34B totalUS$3.10B · 92.6%
CA$246.00M · 7.4%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
3.37
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Comparing LENNOX INTERNATIONAL INC against the 5 most active filers in the same SIC group.
Dividends
$5.20/share trailing 12 months · +13.0% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $1.3000 |
| Dec 31, 2025 | $1.3000 |
| Sep 30, 2025 | $1.3000 |
| Jun 30, 2025 | $1.3000 |
| Apr 30, 2025 | $1.1500 |
| Dec 31, 2024 | $1.1500 |
| Sep 30, 2024 | $1.1500 |
| Jun 28, 2024 | $1.1500 |
| Mar 27, 2024 | $1.1000 |
| Dec 28, 2023 | $1.1000 |
| Aug 30, 2023 | $1.1000 |
| Jun 29, 2023 | $1.1000 |
| Mar 30, 2023 | $1.0600 |
| Dec 29, 2022 | $1.0600 |
| Aug 30, 2022 | $1.0600 |
| Jun 29, 2022 | $1.0600 |
| Mar 30, 2022 | $0.9200 |
| Dec 30, 2021 | $0.9200 |
| Sep 29, 2021 | $0.9200 |
| Jun 29, 2021 | $0.9200 |
| Mar 30, 2021 | $0.7700 |
| Dec 30, 2020 | $0.7700 |
| Sep 30, 2020 | $0.7700 |
| Jun 29, 2020 | $0.7700 |