Lennox International Inc (LII)

Lennox International Inc., together with its subsidiaries, designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils, air handlers, and unit heaters under the Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Supco, Linebacker, Elite series, Merit Series, Comfort Sync, Healthy Climate, Healthy Climate Solutions, iComfort, ComfortSense, and Lennox Stores names. The Building Climate Solutions segment offers unitary heating and air conditioning equipment, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial, curb, curb adapters, drop box diffusers, HVAC recycling, and salvage service. This segment also provides condensing units, unit coolers, fluid coolers, air cooled condensers, process chillers, compressorized racks, and replacement parts and supplies under the Lennox, Model L, CORE, Enlight, Xion, Energence, Prodigy, Strategos, Raider, Lennox VRF, Lennox National Account Services, Allied Commercial, Duro Dyne, Dyne-Tite, Durozone, Elite, AES Industries, Mechanical, Heatcraft Worldwide Refrigeration, Bohn, MAGNA, Larkin, Climate Control, Chandler Refrigeration, IntelliGen, and Interlink brands. The company also offers small package units, rooftop units, chillers, air handlers, and fan coils. It sells its products and services through direct sales, distributors, and company-owned parts and supplies stores. The company was founded in 1895 and is headquartered in Richardson, Texas.

Ticker
LII
Exchange
NYSE
Sector
Industrials
Industry
Building Products & Equipment
Market cap
$11.76B
52-week range
$322.00 - $587.27

Valuation

Share price
$341.97 (close of Nov 6, 2026)
P/E (TTM)
15.81x
Price to book
8.93x
Price to free cash flow
14.08x
Enterprise value
$13.80B
Book value per share
$38.28

Price performance

PeriodChange
1 day-1.96%
5 days-0.61%
1 month-6.47%
3 months-21.52%
6 months-36.83%
Year to date-29.57%
1 year-30.35%
3 years-11.21%
5 years+13.17%
10 years+136.46%
All time+1,723.84%

Short interest

As of
Oct 15, 2026
Short % of float
9.62%
Shares short
2.60M
Days to cover
5.08
Change since prior report
-3.03%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
69.28%
Return on invested capital
28.99%
Return on assets
19.74%
Return on capital employed
36.04%
Gross margin
33.39%
Net margin
15.51%
EBITDA margin
22.21%
Revenue growth
-2.73%
Net income growth
-0.65%
Free cash flow growth
-18.32%

Cash flow and balance sheet

Free cash flow yield (TTM)
7.10%
Current ratio
1.21x
Net debt to EBITDA
1.72x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$5.20B
Cost of revenue
$3.46B
Gross profit
$1.73B
EBITDA
$1.15B
Net income
$805.80M
Earnings per share
$22.89
Research and development
$103.40M
Interest expense
$40.90M
Shares outstanding
35.20M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$5.20B$1.73B$805.80M$22.89
2024-12-31$5.34B$1.78B$811.10M$22.78
2023-12-31$4.98B$1.55B$591.20M$16.65
2022-12-31$4.72B$1.28B$497.10M$13.92
2021-12-31$4.19B$1.19B$464.00M$12.47
2020-12-31$3.63B$1.04B$356.30M$9.30
2019-12-31$3.81B$1.08B$408.70M$10.49
2018-12-31$3.88B$1.11B$359.00M$8.84
2017-12-31$3.84B$1.13B$305.70M$7.25
2016-12-31$3.64B$1.08B$277.80M$6.39

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3133.39%15.51%69.28%28.99%
2024-12-3133.28%15.19%84.31%34.77%
2023-12-3131.10%11.87%150.43%33.53%
2022-12-3127.23%10.54%-34.75%
2021-12-3128.34%11.06%-42.29%
2020-12-3128.62%9.80%-33.62%
2019-12-3128.36%10.73%-47.08%
2018-12-3128.61%9.24%-45.12%
2017-12-3129.31%7.96%-32.03%
2016-12-3129.56%7.63%-33.69%

Cash and debt by year

Period endCashDebt
2025-12-31$34.70M$1.14B
2024-12-31$422.30M$833.10M
2023-12-31$69.10M$1.14B
2022-12-31$61.10M$814.20M
2021-12-31$36.50M$1.23B
2020-12-31$129.00M$970.70M
2019-12-31$40.20M$849.30M
2018-12-31$46.30M$740.50M
2017-12-31$68.20M$970.50M
2016-12-31$50.20M$615.70M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$638.80M$29.10M
2024-12-31$782.10M$28.50M
2023-12-31$486.00M$30.10M
2022-12-31$201.20M$21.80M
2021-12-31$408.70M$24.30M
2020-12-31$533.90M$24.30M
2019-12-31$290.50M$21.30M
2018-12-31$400.30M$26.30M
2017-12-31$226.80M$24.90M
2016-12-31$289.60M$31.70M

Dividend history

Most recent payment
Sep 30, 2026
Paid in the last twelve months
$5.32
Payment dateDividend per share
2026-09-30$1.36
2026-06-30$1.36
2026-03-31$1.30
2025-12-31$1.30
2025-09-30$1.30
2025-06-30$1.30
2025-04-30$1.15
2024-12-31$1.15

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-10-28Sep 2026$7.18
2026-07-29Jun 2026$7.63
2026-04-29Mar 2026$3.16
2026-01-28Dec 2025$4.76
2025-10-22Sep 2025$6.69
2025-07-23Jun 2025$6.90
2025-04-23Mar 2025$3.25
2025-01-29Dec 2024$4.23

Filings and sources

Company website
lennox.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

Similar companies

Trane Technologies plc (TT) · Johnson Controls International plc (JCI) · Carrier Global Corp (CARR) · Masco Corp (MAS) · Carlisle Companies Inc (CSL) · Advanced Drainage Systems, Inc. (WMS) · Owens Corning (OC) · Builders FirstSource, Inc. (BLDR)

All Industrials companies

Understanding these figures

Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

Explore

Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades