LENNOX INTERNATIONAL INC LII

Industrials SIC 3585 - Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip NAICS Manufacturing › Machinery Manufacturing › Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing › Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing derived NYSE

We are a global leader in energy-efficient climate-control solutions. We design, manufacture and market a broad range of products for the heating, ventilation, air conditioning and refrigeration ("HVACR") markets. We have leveraged our expertise to become an industry leader known for innovation, quality and reliability. Our products and services are sold through multiple distribution channels under various brand names. The Company was founded in 1895, in Marshalltown, Iowa, by Dave Lennox, the owner of a machine repair business for railroads. He designed and patented a riveted steel coal-fired furnace, which led to numerous advancements in heating, cooling and climate control solutions.

Our two business segments, Home Comfort Solutions and Building Climate Solutions, the key products, services and well-known product and brand names within each segment and net sales in 2025 by segment are shown in the table below. Segment financial data for 2025, 2024 and 2023, including financial information about foreign and domestic operations, is included in Note 3 of the Notes to our Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" and is incorporated herein by reference.

Last close 376.01 2026-10-23
Market cap $13.09B 2026-03-31 share count
52-week range 340.32 - 587.27

Valuation FY2025 figures against the last close

P/S2.5x
P/E16.5x
P/FCF20.5x
EV/EBITDA12.5x
Dividend yield1.3%
Diluted EPS22.79

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $5.20B$5.34B$4.98B$4.72B$4.19B$3.63B$3.81B$3.88B$3.84B$3.64B
Cost of revenue $3.46B$3.56B$3.43B$3.43B$3.01B$2.59B$2.73B$2.77B$2.71B$2.57B
Gross profit $1.73B$1.78B$1.55B$1.28B$1.19B$1.04B$1.08B$1.11B$1.13B$1.08B
R&D $103.4M$93.6M$94.0M$80.3M$76.1M$66.8M$69.9M$72.2M$73.6M$64.6M
SG&A $681.4M$730.6M$705.5M$627.2M$598.9M$555.9M$585.9M$608.2M$637.7M$621.0M
Operating income $1.04B$1.04B$791.5M$656.2M$590.3M$478.5M$656.9M$509.9M$494.5M$429.4M
Interest expense $40.9M$38.7M$51.7M$38.7M$25.0M$28.3M$47.5M$38.3M$30.6M$27.0M
Pre-tax income $996.8M$999.4M$738.9M$615.8M$560.1M$445.2M$507.9M$467.9M$464.0M$402.7M
Income tax $191.0M$188.3M$147.7M$118.7M$96.1M$88.1M$99.1M$107.6M$156.9M$124.1M
Net income $805.8M$811.1M$591.2M$497.1M$464.0M$356.3M$408.7M$359.0M$305.7M$277.8M
EPS, basic 22.8922.7816.6513.9212.479.3010.498.847.256.39
EPS, diluted 22.7922.6616.5813.8812.399.2410.388.747.146.32
Shares, diluted (wtd. avg.) 35.4M35.8M35.7M35.8M37.5M38.6M39.4M41.1M42.8M44.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $34.2M$415.1M$60.7M$52.6M$31.0M$123.9M$37.3M$46.3M$68.2M$50.2M
Short-term investments $500.0K$7.2M$8.4M$8.5M$5.5M$5.1M$2.9M$0——
Receivables $578.8M$661.1M$594.6M$608.5M$508.3M$448.3M$477.8M$472.7M$506.5M$469.8M
Inventory $1.15B$853.0M$841.8M$753.0M$510.9M$439.4M$544.1M$509.8M$484.2M$418.5M
Total current assets $1.90B$2.03B$1.58B$1.50B$1.18B$1.09B$1.12B$1.09B$1.14B$1.01B
Property, plant and equipment $887.2M$800.1M$720.4M$548.9M$515.1M$464.3M$445.4M$408.3M$397.8M$361.4M
Goodwill $497.2M$220.0M$222.1M$186.3M$186.6M$186.9M$186.5M$186.6M$200.5M$195.1M
Other intangibles $273.0M$45.1M——————$8.6M$7.3M
Total assets $4.08B$3.62B$2.94B$2.57B$2.17B$2.03B$2.03B$1.82B$1.89B$1.76B
Accounts payable $438.0M$490.0M$374.7M$427.3M$402.1M$340.3M$372.4M$433.3M$348.6M$361.2M
Short-term debt $18.3M$314.5M$12.1M$710.6M$11.3M$9.9M$321.9M$300.8M$32.6M$200.1M
Total current liabilities $1.19B$1.31B$1.01B$1.60B$827.1M$701.3M$1.00B$1.01B$654.5M$888.6M
Total liabilities $2.92B$2.66B$2.55B$2.77B$2.44B$2.05B$2.21B$1.97B$1.84B$1.72B
Retained earnings $4.89B$4.26B$3.61B$3.07B$2.72B$2.39B$2.15B$1.85B$1.58B$1.35B
Total equity $1.16B$962.1M$393.0M-$203.1M-$269.0M-$17.1M-$170.2M-$149.6M$50.1M$38.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $757.6M$945.7M$736.2M$302.3M$515.5M$612.4M$396.1M$495.5M$325.1M$373.9M
Stock-based compensation $29.1M$28.5M$30.1M$21.8M$24.3M$24.3M$21.3M$26.3M$24.9M$31.7M
Capital expenditure $118.8M$163.6M$250.2M$101.1M$106.8M$78.5M$105.6M$95.2M$98.3M$84.3M
Investing cash flow -$655.6M-$174.4M-$319.7M-$103.0M-$106.4M-$79.7M$15.9M$30.5M-$98.1M-$84.1M
Financing cash flow -$465.7M-$418.6M-$406.2M-$174.1M-$498.7M-$441.8M-$423.4M-$537.8M-$218.3M-$274.6M
Dividends paid $173.0M$160.3M$153.4M$142.0M$126.5M$118.1M$110.5M$93.9M$79.7M$69.0M
Buybacks $482.3M$53.6M$0$300.0M$600.0M$100.0M$400.0M$450.2M$250.0M$300.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001069202-26-000046.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 3.6B Gross profit, FY2016: 1.1B Net income, FY2016: 277.8M Revenue, FY2017: 3.8B Gross profit, FY2017: 1.1B Net income, FY2017: 305.7M Revenue, FY2018: 3.9B Gross profit, FY2018: 1.1B Net income, FY2018: 359M Revenue, FY2019: 3.8B Gross profit, FY2019: 1.1B Net income, FY2019: 408.7M Revenue, FY2020: 3.6B Gross profit, FY2020: 1B Net income, FY2020: 356.3M Revenue, FY2021: 4.2B Gross profit, FY2021: 1.2B Net income, FY2021: 464M Revenue, FY2022: 4.7B Gross profit, FY2022: 1.3B Net income, FY2022: 497.1M Revenue, FY2023: 5B Gross profit, FY2023: 1.5B Net income, FY2023: 591.2M Revenue, FY2024: 5.3B Gross profit, FY2024: 1.8B Net income, FY2024: 811.1M Revenue, FY2025: 5.2B Gross profit, FY2025: 1.7B Net income, FY2025: 805.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.64B $3.84B $3.88B $3.81B $3.63B $4.19B $4.72B $4.98B $5.34B $5.20B
Gross profit $1.08B $1.13B $1.11B $1.08B $1.04B $1.19B $1.28B $1.55B $1.78B $1.73B
Net income $277.8M $305.7M $359.0M $408.7M $356.3M $464.0M $497.1M $591.2M $811.1M $805.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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