Lennox International (LII) Financials

$521.19 -5.42 (-1.03%)

Closing price 03:59 PM Eastern

Extended Trading

$521.30 +0.11 (+0.02%)

As of 05:17 PM Eastern

Annual Income Statements for Lennox International

This table shows Lennox International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	187	278	306	348	607	356	464	497	591	811	806
Consolidated Net Income / (Loss)	187	278	306	359	409	356	464	497	591	811	806
Net Income / (Loss) Continuing Operations	187	279	307	360	409	357	464	497	591	811	806
Total Pre-Tax Income	283	403	464	468	508	445	560	616	739	999	997
Total Operating Income	305	411	476	510	657	464	590	656	792	1,040	1,042
Total Gross Profit	947	1,077	1,125	1,111	1,080	1,040	1,188	1,285	1,549	1,778	1,735
Total Revenue	3,467	3,642	3,840	3,884	3,807	3,634	4,194	4,718	4,982	5,341	5,195
Operating Revenue	3,467	3,642	3,840	3,884	3,807	3,634	4,194	4,718	4,982	5,341	5,195
Total Cost of Revenue	2,520	2,565	2,714	2,773	2,727	2,594	3,006	3,434	3,433	3,564	3,461
Operating Cost of Revenue	2,520	2,565	2,714	2,773	2,727	2,594	3,006	3,434	3,433	3,564	3,461
Total Operating Expenses	642	666	649	624	337	577	610	634	766	745	700
Selling, General & Admin Expense	581	621	638	608	586	556	599	627	706	731	681
Other Operating Expenses / (Income)	8.30	11	7.10	13	8.30	7.40	9.20	4.90	8.50	13	12
Impairment Charge	50	-	-	12	-	-	0.00	0.00	63	0.00	0.00
Restructuring Charge	3.20	1.80	3.20	3.00	10	11	1.80	1.50	3.10	0.00	6.80
Other Special Charges / (Income)	0.00	31	1.10	-12	-267	2.50	0.00	0.00	-14	1.50	-0.50
Total Other Income / (Expense), net	-23	-8.30	-12	-30	-36	-17	-17	-35	-44	-33	-38
Interest Expense	24	27	31	38	48	28	25	39	53	39	41
Interest & Investment Income	-	18	18	12	13	16	12	5.10	8.50	7.90	6.00
Other Income / (Expense), net	0.80	0.30	0.10	-3.30	-2.30	-4.40	-4.00	-1.90	-0.10	-1.90	-3.40
Income Tax Expense	95	124	157	108	99	88	96	119	148	188	191
Basic Earnings per Share	$4.16	$6.39	$7.25	$8.84	$10.49	$9.30	$12.47	$13.92	$16.65	$22.78	$22.89
Weighted Average Basic Shares Outstanding	44.90M	43.40M	42.20M	40.60M	39M	38.30M	37.20M	35.70M	35.50M	35.60M	35.20M
Diluted Earnings per Share	$4.09	$6.32	$7.14	$8.74	$10.38	$9.24	$12.39	$13.88	$16.58	$22.66	$22.79
Weighted Average Diluted Shares Outstanding	45.60M	44M	42.80M	41.10M	39.40M	38.60M	37.50M	35.80M	35.70M	35.80M	35.40M
Weighted Average Basic & Diluted Shares Outstanding	44.90M	43.50M	42.20M	39.87M	38.60M	37.73M	36.64M	35.47M	35.59M	35.58M	34.80M
Cash Dividends to Common per Share	$1.38	$1.65	$1.96	$2.43	$0.00	$3.08	$3.53	$4.10	$4.36	$4.55	$5.05

This table shows Lennox International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	130	145	124	246	239	198	130	278	246	162	117
Consolidated Net Income / (Loss)	130	145	124	246	239	198	130	278	246	162	117
Net Income / (Loss) Continuing Operations	130	145	124	246	239	198	130	278	246	162	117
Total Pre-Tax Income	175	174	154	307	294	239	161	345	299	205	147
Total Operating Income	187	185	167	320	303	245	168	354	310	222	164
Total Gross Profit	429	355	340	488	488	455	341	523	469	415	351
Total Revenue	1,366	1,155	1,047	1,451	1,498	1,345	1,073	1,501	1,427	1,195	1,135
Operating Revenue	1,366	1,155	1,047	1,451	1,498	1,345	1,073	1,501	1,427	1,195	1,135
Total Cost of Revenue	938	800	707	963	1,010	890	732	978	958	780	784
Operating Cost of Revenue	938	800	707	963	1,010	890	732	978	958	780	784
Total Operating Expenses	246	171	174	171	188	213	174	171	161	194	188
Selling, General & Admin Expense	179	178	171	169	184	207	171	173	162	175	185
Other Operating Expenses / (Income)	3.50	3.90	3.70	3.70	3.10	2.40	2.80	-2.70	-0.70	13	2.20
Restructuring Charge	0.30	-	-	-	0.00	-	0.00	-	0.00	-	0.00
Other Special Charges / (Income)	0.00	-14	0.00	-1.60	0.10	3.10	0.10	0.10	0.10	-0.80	0.50
Total Other Income / (Expense), net	-7.40	-11	-11	-11	-6.90	-4.10	-5.90	-6.80	-8.80	-17	-17
Interest Expense	11	11	12	13	8.90	5.50	6.20	8.30	11	16	15
Interest & Investment Income	4.20	0.50	1.20	2.50	2.40	1.80	1.20	2.10	2.50	0.20	-0.40
Other Income / (Expense), net	-0.40	0.30	-0.80	-0.60	-0.40	-0.40	-0.90	-0.60	-0.80	-1.10	-0.90
Income Tax Expense	45	29	30	61	55	41	31	67	53	43	30
Basic Earnings per Share	$3.67	$4.06	$3.49	$6.91	$6.71	$5.56	$3.65	$7.86	$7.01	$4.63	$3.37
Weighted Average Basic Shares Outstanding	35.50M	35.50M	35.60M	35.60M	35.60M	35.60M	35.50M	35.30M	35.10M	35.20M	34.80M
Diluted Earnings per Share	$3.65	$4.04	$3.47	$6.87	$6.68	$5.52	$3.63	$7.82	$6.98	$4.62	$3.35
Weighted Average Diluted Shares Outstanding	35.70M	35.70M	35.80M	35.80M	35.80M	35.80M	35.70M	35.50M	35.20M	35.40M	35M
Weighted Average Basic & Diluted Shares Outstanding	35.54M	35.59M	35.62M	35.63M	35.62M	35.58M	35.48M	35.12M	35.07M	34.80M	34.80M

This table details how cash moves in and out of Lennox International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	13	15	8.70	-12	-11	91	-90	25	10	353	-364
Net Cash From Operating Activities	354	374	325	496	396	612	516	302	736	946	758
Net Cash From Continuing Operating Activities	354	374	325	496	396	612	516	302	736	940	758
Net Income / (Loss) Continuing Operations	187	278	306	359	409	356	464	497	591	811	806
Consolidated Net Income / (Loss)	187	278	306	359	409	356	464	497	591	811	806
Depreciation Expense	63	58	65	66	71	73	72	78	86	95	113
Non-Cash Adjustments To Reconcile Net Income	89	68	34	60	68	43	39	31	86	37	35
Changes in Operating Assets and Liabilities, net	16	-30	-79	11	-152	140	-60	-304	-27	-3.30	-195
Net Cash From Investing Activities	-70	-84	-98	31	16	-80	-106	-103	-320	-174	-656
Net Cash From Continuing Investing Activities	-70	-84	-98	31	16	-80	-106	-103	-320	-174	-656
Purchase of Property, Plant & Equipment	-70	-84	-98	-95	-106	-79	-107	-101	-250	-164	-119
Acquisitions	-	-	-	-	-	-	0.00	0.00	-95	1.80	-545
Sale of Property, Plant & Equipment	0.10	0.20	0.20	0.10	1.30	1.00	0.90	1.60	2.10	2.50	1.40
Divestitures	-	0.00	0.00	115	44	-	0.00	0.00	23	-7.70	0.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	-0.50	-3.50	0.10	-7.40	6.80
Net Cash From Financing Activities	-271	-275	-218	-538	-423	-442	-499	-174	-406	-419	-466
Net Cash From Continuing Financing Activities	-271	-275	-218	-538	-423	-442	-499	-174	-406	-419	-466
Repayment of Debt	-1,893	-2,706	-2,588	-2,446	-2,265	-2,389	-918	-2,672	-2,797	-768	-1,662
Repurchase of Common Equity	0.00	-300	-250	-450	-400	-100	-600	-300	0.00	-54	-482
Payment of Dividends	-59	-69	-80	-94	-111	-118	-127	-142	-153	-160	-173
Issuance of Debt	1,711	2,832	2,722	2,476	2,372	2,181	1,163	2,945	2,561	581	1,869
Other Financing Activities, net	-30	-31	-23	-24	-21	-15	-16	-4.70	-16	-17	-18
Cash Interest Paid	24	26	32	39	47	25	24	35	50	45	47
Cash Income Taxes Paid	83	127	119	90	83	90	129	77	198	232	104

This table details how cash moves in and out of Lennox International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	89	-80	-11	-3.20	192	175	-201	-168	5.50	-0.40	17
Net Cash From Operating Activities	313	306	-23	184	452	332	-36	87	301	406	16
Net Cash From Continuing Operating Activities	313	306	-23	184	452	327	-36	87	300	407	16
Net Income / (Loss) Continuing Operations	130	145	124	246	239	198	130	278	246	162	117
Consolidated Net Income / (Loss)	130	145	124	246	239	198	130	278	246	162	117
Depreciation Expense	22	24	24	25	20	26	26	27	27	33	29
Non-Cash Adjustments To Reconcile Net Income	70	1.90	7.20	6.10	9.70	14	7.50	6.60	8.00	12	9.80
Changes in Operating Assets and Liabilities, net	91	136	-178	-93	183	89	-199	-224	19	199	-140
Net Cash From Investing Activities	-42	-195	-31	-27	-51	-66	-24	-28	-36	-568	-57
Net Cash From Continuing Investing Activities	-42	-195	-31	-27	-51	-66	-24	-28	-36	-568	-57
Purchase of Property, Plant & Equipment	-40	-125	-30	-33	-41	-60	-26	-29	-36	-29	-56
Acquisitions	-	-95	1.80	-	-	-	0.00	-	-	-545	-0.20
Sale of Property, Plant & Equipment	0.10	0.50	0.50	0.60	0.80	0.60	0.50	0.40	0.20	0.30	0.70
Sale and/or Maturity of Investments	-2.60	1.20	-3.50	1.50	-11	5.10	1.50	-	-0.60	5.90	-1.60
Net Cash From Financing Activities	-182	-191	42	-161	-209	-91	-141	-227	-259	162	57
Net Cash From Continuing Financing Activities	-182	-191	42	-161	-209	-91	-141	-227	-259	162	57
Repayment of Debt	-1,156	-502	-215	-349	-201	-4.10	-5.00	-118	-713	-826	-304
Repurchase of Common Equity	-	-	0.00	-	-	-41	-85	-210	-37	-151	-20
Payment of Dividends	-78	-	-39	-39	-41	-41	-41	-41	-46	-46	-45
Issuance of Debt	1,056	324	304	227	50	-	0.00	141	536	1,192	434
Issuance of Common Equity	1.00	-	1.10	0.90	1.30	-	1.20	1.40	1.40	-	2.60
Other Financing Activities, net	-3.90	-9.30	-8.10	-1.00	-5.90	-2.10	-11	-1.10	-0.90	-4.20	-11
Cash Interest Paid	15	8.20	22	3.80	19	0.50	19	0.40	20	6.80	24
Cash Income Taxes Paid	63	47	4.00	56	85	86	5.10	39	48	12	7.00

This table presents Lennox International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,677	1,760	1,892	1,817	2,035	2,033	2,172	2,568	2,798	3,620	4,082
Total Current Assets	938	1,006	68	1,089	1,121	1,088	1,175	1,497	1,434	2,032	1,904
Cash & Equivalents	39	50	68	46	37	124	31	53	61	415	34
Short-Term Investments	-	-	-	0.00	2.90	5.10	5.50	8.50	8.40	7.20	0.50
Accounts Receivable	423	470	-	473	478	448	508	609	595	661	579
Inventories, net	419	419	-	510	544	439	511	753	699	853	1,153
Other Current Assets	58	67	-	61	59	71	120	74	71	96	138
Plant, Property, & Equipment, net	340	361	398	408	445	464	515	549	720	800	887
Total Noncurrent Assets	400	393	201	320	469	481	481	522	644	788	1,291
Goodwill	195	195	201	187	187	187	187	186	222	220	497
Intangible Assets	-	-	-	-	-	-	-	-	-	45	273
Noncurrent Deferred & Refundable Income Taxes	146	137	-	67	22	13	11	28	52	75	13
Other Noncurrent Operating Assets	59	61	-	66	261	281	284	308	371	447	508
Total Liabilities & Shareholders' Equity	1,677	1,760	-157	1,817	2,035	2,033	2,172	2,568	2,798	3,620	4,082
Total Liabilities	1,576	1,722	0.00	1,967	2,205	2,050	2,441	2,771	2,513	2,658	2,919
Total Current Liabilities	824	889	0.00	1,009	1,003	701	827	1,596	1,015	1,313	1,192
Short-Term Debt	235	253	-	301	322	9.90	11	711	162	315	244
Accounts Payable	320	361	-	433	372	340	402	427	375	490	438
Accrued Expenses	243	266	-	272	256	296	359	377	416	435	374
Current Deferred & Payable Income Tax Liabilities	26	9.00	-	2.10	-	-	0.00	18	4.20	0.00	46
Other Current Liabilities	-	-	-	0.00	53	55	55	63	58	73	89
Total Noncurrent Liabilities	752	834	0.00	958	1,202	1,348	1,614	1,175	1,498	1,345	1,727
Long-Term Debt	506	616	-	741	849	971	1,227	814	1,143	833	1,144
Noncurrent Employee Benefit Liabilities	125	90	-	83	87	93	83	40	23	19	19
Other Noncurrent Operating Liabilities	121	128	-	135	266	285	304	321	333	493	564
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	102	38	-157	-150	-170	-17	-269	-203	285	962	1,163
Total Preferred & Common Equity	101	38	50	-150	-170	-17	-269	-203	285	962	1,163
Preferred Stock	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	101	38	-157	-150	-170	-17	-269	-203	285	962	1,163
Common Stock	1,003	1,047	-	1,080	1,094	1,114	1,135	1,156	1,186	1,214	1,244
Retained Earnings	1,147	1,353	-	1,855	2,149	2,386	2,719	3,071	3,506	4,263	4,891
Treasury Stock	-1,844	-2,167	-	-2,896	-3,310	-3,420	-4,035	-4,339	-4,350	-4,421	-4,923
Accumulated Other Comprehensive Income / (Loss)	-205	-195	-157	-189	-104	-97	-88	-91	-57	-94	-49

This table presents Lennox International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,626	2,770	2,981	2,890	2,985	3,222	3,313	3,455	3,653	3,525	4,293
Total Current Assets	1,594	1,672	1,827	1,742	1,565	1,765	1,831	1,855	2,004	1,898	2,032
Cash & Equivalents	41	40	51	132	46	48	243	217	49	53	48
Short-Term Investments	7.50	7.10	7.20	9.60	12	10	13	5.70	5.90	6.30	2.00
Accounts Receivable	708	643	844	695	616	859	817	652	868	759	648
Inventories, net	743	904	856	748	823	776	689	902	1,002	992	1,210
Other Current Assets	94	78	69	65	68	73	70	78	78	89	124
Plant, Property, & Equipment, net	520	567	609	602	759	741	755	810	826	848	918
Total Noncurrent Assets	511	532	546	546	662	716	727	790	824	779	1,343
Goodwill	186	186	186	182	220	220	220	220	220	220	504
Intangible Assets	-	-	-	-	-	-	-	-	-	-	270
Noncurrent Deferred & Refundable Income Taxes	34	34	46	50	60	63	71	77	81	49	13
Other Noncurrent Operating Assets	291	311	313	314	382	433	436	494	522	510	557
Total Liabilities & Shareholders' Equity	2,626	2,770	2,981	2,890	2,985	3,222	3,313	3,455	3,653	3,525	4,293
Total Liabilities	2,931	2,896	2,919	2,731	2,617	2,645	2,559	2,603	2,752	2,455	3,079
Total Current Liabilities	932	1,526	1,742	1,255	1,097	1,105	1,316	1,295	1,418	1,130	1,293
Short-Term Debt	11	658	761	362	273	161	313	315	345	174	379
Accounts Payable	431	445	470	346	438	451	478	577	583	478	465
Accrued Expenses	410	342	426	409	302	393	445	326	385	399	302
Current Deferred & Payable Income Tax Liabilities	19	18	22	9.00	28	33	13	-	27	-	63
Other Current Liabilities	61	64	63	60	57	67	68	77	79	79	84
Total Noncurrent Liabilities	1,999	1,370	1,177	1,476	1,519	1,540	1,243	1,308	1,334	1,325	1,786
Long-Term Debt	1,593	1,010	818	1,122	1,154	1,127	828	834	836	838	1,144
Noncurrent Employee Benefit Liabilities	87	40	40	34	18	18	16	20	21	16	19
Other Noncurrent Operating Liabilities	319	320	320	320	348	395	399	454	478	471	623
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-305	-126	63	160	369	577	754	853	901	1,070	1,214
Total Preferred & Common Equity	-305	-126	63	160	369	577	754	853	901	1,070	1,214
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-305	-126	63	160	369	577	754	853	901	1,070	1,214
Common Stock	1,151	1,162	1,170	1,180	1,192	1,199	1,206	1,220	1,229	1,237	1,251
Retained Earnings	3,014	3,131	3,309	3,400	3,591	3,796	3,994	4,230	4,462	4,663	4,963
Treasury Stock	-4,338	-4,340	-4,341	-4,344	-4,356	-4,357	-4,375	-4,517	-4,729	-4,767	-4,952
Accumulated Other Comprehensive Income / (Loss)	-133	-79	-76	-77	-58	-61	-71	-81	-61	-62	-48

This table displays calculated financial ratios and metrics derived from Lennox International's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.97%	5.02%	5.44%	1.15%	-1.97%	-4.55%	15.41%	12.50%	5.58%	7.21%	-2.73%
EBITDA Growth	-6.72%	27.21%	15.21%	5.88%	26.74%	-26.73%	23.89%	11.16%	19.64%	28.77%	1.50%
EBIT Growth	-8.54%	34.32%	15.78%	6.38%	29.21%	-29.87%	27.71%	11.60%	20.74%	30.75%	-0.04%
NOPAT Growth	-7.75%	40.55%	10.82%	24.61%	34.66%	-29.68%	31.53%	8.32%	19.35%	32.90%	-0.29%
Net Income Growth	-9.33%	48.87%	10.04%	17.44%	13.84%	-12.82%	30.23%	7.13%	18.71%	36.74%	-0.65%
EPS Growth	-3.31%	54.52%	12.97%	22.41%	18.76%	-10.98%	34.09%	12.03%	19.16%	36.28%	0.57%
Operating Cash Flow Growth	91.34%	5.74%	-13.05%	52.41%	-20.06%	54.61%	-15.82%	-41.36%	143.53%	28.46%	-19.89%
Free Cash Flow Firm Growth	73.57%	-21.47%	146.75%	-74.59%	183.99%	20.50%	-21.45%	-48.52%	84.39%	111.66%	-98.15%
Invested Capital Growth	-10.40%	6.49%	-30.11%	41.30%	13.65%	-13.15%	11.72%	35.21%	20.69%	3.56%	49.15%
Revenue Q/Q Growth	0.62%	1.76%	-0.14%	-1.23%	1.10%	0.81%	1.22%	2.81%	1.24%	3.69%	-2.81%
EBITDA Q/Q Growth	-12.81%	7.19%	7.49%	4.80%	23.19%	-19.96%	-4.06%	4.84%	6.82%	5.66%	-1.40%
EBIT Q/Q Growth	-15.18%	8.72%	8.15%	5.43%	26.03%	-22.31%	-4.84%	5.01%	7.28%	6.05%	-2.25%
NOPAT Q/Q Growth	-14.79%	7.63%	0.64%	13.56%	30.38%	-21.31%	-3.87%	2.16%	8.63%	6.15%	-3.09%
Net Income Q/Q Growth	-15.18%	11.79%	0.89%	9.89%	10.40%	-0.64%	-5.73%	2.24%	9.28%	7.06%	-4.23%
EPS Q/Q Growth	-14.97%	12.06%	1.28%	10.49%	11.49%	-0.22%	-4.77%	2.74%	9.25%	7.03%	-3.80%
Operating Cash Flow Q/Q Growth	31.84%	0.08%	-13.54%	15.93%	1.90%	-14.68%	-8.36%	4.49%	30.97%	2.84%	10.74%
Free Cash Flow Firm Q/Q Growth	-3.59%	9.35%	129.59%	-67.56%	51.28%	-34.38%	-12.75%	20.95%	4.60%	24.59%	-97.41%
Invested Capital Q/Q Growth	-18.01%	-17.08%	-45.41%	-14.86%	-14.62%	-0.51%	3.69%	0.76%	2.94%	-3.85%	24.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.32%	29.56%	29.31%	28.61%	28.36%	28.62%	28.34%	27.23%	31.07%	33.17%	33.39%
EBITDA Margin	10.64%	12.89%	14.08%	14.74%	19.06%	14.63%	15.71%	15.52%	17.58%	21.12%	22.15%
Operating Margin	8.81%	11.29%	12.40%	13.13%	17.25%	12.75%	14.07%	13.91%	15.86%	19.37%	20.05%
EBIT Margin	8.83%	11.29%	12.40%	13.04%	17.19%	12.63%	13.98%	13.87%	15.86%	19.34%	19.98%
Profit (Net Income) Margin	5.38%	7.63%	7.96%	9.24%	10.73%	9.80%	11.06%	10.54%	11.84%	15.11%	15.51%
Tax Burden Percent	66.03%	68.98%	65.88%	76.73%	80.47%	80.03%	82.84%	80.72%	80.01%	81.19%	80.84%
Interest Burden Percent	92.29%	97.91%	97.44%	92.36%	77.59%	96.97%	95.53%	94.12%	93.35%	96.21%	96.02%
Effective Tax Rate	33.76%	30.82%	33.81%	23.00%	19.51%	19.79%	17.16%	19.28%	19.99%	18.81%	19.16%
Return on Invested Capital (ROIC)	23.79%	34.26%	43.33%	54.39%	58.55%	41.42%	55.36%	48.31%	45.45%	54.26%	40.05%
ROIC Less NNEP Spread (ROIC-NNEP)	21.81%	33.40%	42.14%	50.55%	47.25%	39.86%	52.92%	45.86%	42.33%	50.87%	36.58%
Return on Net Nonoperating Assets (RNNOA)	313.64%	363.73%	-555.40%	-288.27%	-314.14%	-421.88%	-379.72%	-258.90%	1,390.32%	87.86%	35.78%
Return on Equity (ROE)	337.43%	397.99%	-512.06%	-233.88%	-255.60%	-380.46%	-324.36%	-210.59%	1,435.77%	142.12%	75.83%
Cash Return on Invested Capital (CROIC)	34.76%	27.97%	78.77%	20.16%	45.77%	55.49%	44.29%	18.37%	26.70%	50.77%	0.60%
Operating Return on Assets (OROA)	17.79%	23.93%	26.08%	27.32%	33.99%	22.57%	27.89%	27.61%	29.45%	32.95%	26.96%
Return on Assets (ROA)	10.84%	16.16%	16.74%	19.36%	21.22%	17.52%	22.07%	20.98%	21.99%	25.74%	20.93%
Return on Common Equity (ROCE)	334.38%	395.71%	-513.78%	-233.88%	-255.60%	-380.46%	-324.36%	-210.59%	1,435.77%	142.12%	75.83%
Return on Equity Simple (ROE_SIMPLE)	184.39%	738.83%	610.18%	-239.97%	-240.13%	-2,083.63%	-172.49%	-244.76%	206.83%	94.91%	0.00%
Net Operating Profit after Tax (NOPAT)	202	284	315	393	529	372	489	530	632	840	842
NOPAT Margin	5.83%	7.81%	8.21%	10.11%	13.89%	10.23%	11.66%	11.23%	12.69%	15.73%	16.21%
Net Nonoperating Expense Percent (NNEP)	1.97%	0.86%	1.20%	3.84%	11.29%	1.56%	2.44%	2.45%	3.12%	3.39%	3.48%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	40.08%	39.75%	42.06%	33.00%
Cost of Revenue to Revenue	72.68%	70.44%	70.69%	71.39%	71.64%	71.38%	71.67%	72.77%	68.93%	66.83%	66.61%
SG&A Expenses to Revenue	16.74%	17.05%	16.61%	15.66%	15.39%	15.30%	14.28%	13.29%	14.16%	13.68%	13.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.52%	18.27%	16.91%	16.08%	8.85%	15.87%	14.54%	13.43%	15.40%	13.96%	13.47%
Earnings before Interest and Taxes (EBIT)	306	411	476	507	655	459	586	654	790	1,033	1,038
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	369	469	541	573	726	532	659	732	876	1,128	1,151
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	50.08	159.73	0.00	0.00	0.00	0.00	0.00	0.00	55.29	25.53	14.64
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	249.61	34.44	43.35
Price to Revenue (P/Rev)	1.46	1.65	2.09	2.11	2.33	2.76	2.73	1.76	3.17	4.06	3.28
Price to Earnings (P/E)	27.16	21.62	26.20	23.58	14.59	28.12	24.70	16.69	26.73	26.90	21.14
Dividend Yield	1.23%	1.18%	1.02%	1.19%	1.28%	1.18%	1.13%	1.75%	0.98%	0.75%	1.04%
Earnings Yield	3.68%	4.63%	3.82%	4.24%	6.85%	3.56%	4.05%	5.99%	3.74%	3.72%	4.73%
Enterprise Value to Invested Capital (EV/IC)	7.18	7.97	13.27	10.89	10.40	13.02	13.58	7.74	11.18	14.24	7.30
Enterprise Value to Revenue (EV/Rev)	1.66	1.87	2.07	2.37	2.62	2.99	3.02	2.07	3.41	4.20	3.54
Enterprise Value to EBITDA (EV/EBITDA)	15.64	14.54	14.68	16.08	13.77	20.44	19.22	13.33	19.42	19.89	15.98
Enterprise Value to EBIT (EV/EBIT)	18.85	16.59	16.68	18.18	15.26	23.68	21.60	14.92	21.53	21.72	17.71
Enterprise Value to NOPAT (EV/NOPAT)	28.52	24.00	25.20	23.45	18.89	29.24	25.89	18.43	26.91	26.70	21.84
Enterprise Value to Operating Cash Flow (EV/OCF)	16.32	18.25	24.43	18.58	25.22	17.75	24.56	32.29	23.11	23.72	24.27
Enterprise Value to Free Cash Flow (EV/FCFF)	19.52	29.40	13.86	63.26	24.17	21.82	32.37	48.47	45.80	28.53	1,466.65
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	7.29	22.85	0.00	-6.96	-6.88	-57.35	-4.60	-7.51	4.57	1.35	1.19
Long-Term Debt to Equity	4.98	16.20	0.00	-4.95	-4.99	-56.77	-4.56	-4.01	4.01	0.98	0.98
Financial Leverage	14.38	10.89	-13.18	-5.70	-6.65	-10.59	-7.18	-5.65	32.84	1.73	0.98
Leverage Ratio	31.12	24.63	-30.58	-12.08	-12.05	-21.72	-14.70	-10.04	65.28	5.52	3.62
Compound Leverage Factor	28.72	24.11	-29.80	-11.16	-9.35	-21.06	-14.04	-9.45	60.94	5.31	3.48
Debt to Total Capital	87.94%	95.81%	0.00%	116.78%	117.00%	101.77%	127.77%	115.37%	82.06%	57.44%	54.42%
Short-Term Debt to Total Capital	27.90%	27.86%	0.00%	33.73%	32.16%	1.03%	1.17%	53.76%	10.19%	15.74%	9.57%
Long-Term Debt to Total Capital	60.05%	67.94%	0.00%	83.04%	84.85%	100.75%	126.60%	61.60%	71.87%	41.70%	44.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.05%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	12.01%	4.15%	100.00%	-16.78%	-17.00%	-1.77%	-27.77%	-15.37%	17.94%	42.56%	45.59%
Debt to EBITDA	2.01	1.85	0.00	1.82	1.61	1.84	1.88	2.08	1.49	1.02	1.21
Net Debt to EBITDA	1.90	1.74	0.00	1.74	1.56	1.60	1.82	2.00	1.41	0.64	1.18
Long-Term Debt to EBITDA	1.37	1.31	0.00	1.29	1.17	1.83	1.86	1.11	1.30	0.74	0.99
Debt to NOPAT	3.66	3.05	0.00	2.65	2.22	2.64	2.53	2.88	2.06	1.37	1.65
Net Debt to NOPAT	3.47	2.88	0.00	2.53	2.14	2.29	2.46	2.76	1.96	0.86	1.61
Long-Term Debt to NOPAT	2.50	2.17	0.00	1.89	1.61	2.61	2.51	1.54	1.81	0.99	1.36
Altman Z-Score	5.64	6.09	0.00	7.05	6.89	7.34	7.58	6.10	8.41	9.36	7.50
Noncontrolling Interest Sharing Ratio	0.90%	0.57%	-0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.14	1.13	0.00	1.08	1.12	1.55	1.42	0.94	1.41	1.43	1.60
Quick Ratio	0.56	0.59	0.00	0.51	0.52	0.82	0.66	0.42	0.65	0.82	0.51
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	296	232	573	146	413	498	391	201	371	786	13
Operating Cash Flow to CapEx	506.59%	444.59%	331.40%	521.03%	379.77%	790.19%	486.78%	303.82%	296.74%	587.03%	645.32%
Free Cash Flow to Firm to Interest Expense	12.53	8.60	18.72	3.80	8.70	17.60	15.65	5.23	7.18	20.31	0.31
Operating Cash Flow to Interest Expense	14.98	13.85	10.62	12.94	8.34	21.64	20.62	7.85	14.24	24.44	18.52
Operating Cash Flow Less CapEx to Interest Expense	12.03	10.73	7.42	10.45	6.14	18.90	16.38	5.27	9.44	20.27	15.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.01	2.12	2.10	2.09	1.98	1.79	2.00	1.99	1.86	1.70	1.35
Accounts Receivable Turnover	8.21	8.16	0.00	0.00	8.01	7.85	8.77	8.45	8.28	8.51	8.38
Inventory Turnover	5.71	6.13	0.00	0.00	5.18	5.28	6.33	5.43	4.73	5.09	3.45
Fixed Asset Turnover	9.93	10.39	10.11	9.64	8.92	7.99	8.56	8.87	7.85	7.03	6.16
Accounts Payable Turnover	7.82	7.53	0.00	0.00	6.77	7.28	8.10	8.28	8.56	8.26	7.46
Days Sales Outstanding (DSO)	44.43	44.73	0.00	0.00	45.56	46.51	41.63	43.20	44.07	42.90	43.56
Days Inventory Outstanding (DIO)	63.88	59.57	0.00	0.00	70.52	69.19	57.70	67.18	77.17	71.78	105.77
Days Payable Outstanding (DPO)	46.67	48.47	0.00	0.00	53.91	50.14	45.08	44.08	42.62	44.21	48.94
Cash Conversion Cycle (CCC)	61.65	55.83	0.00	0.00	62.17	65.56	54.25	66.29	78.62	70.47	100.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	804	856	598	845	961	835	932	1,261	1,521	1,576	2,517
Invested Capital Turnover	4.08	4.39	5.28	5.38	4.22	4.05	4.75	4.30	3.58	3.45	2.47
Increase / (Decrease) in Invested Capital	-93	52	-258	247	115	-126	98	328	261	54	829
Enterprise Value (EV)	5,771	6,824	7,941	9,208	9,990	10,869	12,663	9,763	17,011	22,431	18,384
Market Capitalization	5,068	6,006	8,009	8,213	8,859	10,018	11,462	8,299	15,775	21,705	17,031
Book Value per Share	$2.25	$0.87	($3.77)	($3.71)	($4.42)	($0.45)	($7.35)	($5.73)	$8.03	$23.87	$33.16
Tangible Book Value per Share	($2.08)	($3.66)	($8.57)	($8.35)	($9.26)	($5.33)	($12.45)	($10.99)	$1.78	$17.69	$11.20
Total Capital	843	906	-157	892	1,001	964	969	1,322	1,591	1,998	2,552
Total Debt	741	868	0.00	1,041	1,171	981	1,238	1,525	1,305	1,148	1,388
Total Long-Term Debt	506	616	0.00	741	849	971	1,227	814	1,143	833	1,144
Net Debt	702	818	-68	995	1,131	852	1,201	1,464	1,236	725	1,354
Capital Expenditures (CapEx)	70	84	98	95	104	78	106	100	248	161	117
Debt-free, Cash-free Net Working Capital (DFCFNWC)	311	320	0.00	335	400	267	323	550	512	463	922
Debt-free Net Working Capital (DFNWC)	350	370	68	382	440	396	360	611	581	885	956
Net Working Capital (NWC)	114	117	68	81	118	386	348	-99	419	571	712
Net Nonoperating Expense (NNE)	16	6.54	9.41	34	120	15	25	33	42	33	36
Net Nonoperating Obligations (NNO)	702	818	756	995	1,131	852	1,201	1,464	1,236	725	1,354
Total Depreciation and Amortization (D&A)	63	58	65	66	71	73	72	78	86	95	113
Debt-free, Cash-free Net Working Capital to Revenue	8.96%	8.78%	0.00%	8.64%	10.50%	7.35%	7.70%	11.66%	10.28%	8.67%	17.74%
Debt-free Net Working Capital to Revenue	10.08%	10.15%	1.78%	9.83%	11.56%	10.90%	8.57%	12.96%	11.66%	16.58%	18.41%
Net Working Capital to Revenue	3.30%	3.22%	1.78%	2.08%	3.10%	10.63%	8.30%	-2.10%	8.41%	10.69%	13.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.16	$6.39	$7.25	$8.84	$10.49	$9.30	$12.47	$13.92	$16.61	$22.67	$22.89
Adjusted Weighted Average Basic Shares Outstanding	44.90M	43.40M	42.20M	40.60M	39M	38.30M	37.20M	35.70M	35.50M	35.60M	35.20M
Adjusted Diluted Earnings per Share	$4.09	$6.32	$7.14	$8.74	$10.38	$9.24	$12.39	$13.88	$16.54	$22.54	$22.79
Adjusted Weighted Average Diluted Shares Outstanding	45.60M	44M	42.80M	41.10M	39.40M	38.60M	37.50M	35.80M	35.70M	35.80M	35.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.70M	42.98M	41.18M	39.87M	38.60M	37.73M	36.64M	35.47M	35.59M	35.58M	34.80M
Normalized Net Operating Profit after Tax (NOPAT)	238	307	318	395	322	382	491	531	675	842	847
Normalized NOPAT Margin	6.85%	8.44%	8.28%	10.17%	8.45%	10.52%	11.70%	11.25%	13.54%	15.76%	16.30%
Pre Tax Income Margin	8.15%	11.06%	12.08%	12.05%	13.34%	12.25%	13.35%	13.05%	14.80%	18.61%	19.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	12.97	15.23	15.56	13.23	13.78	16.22	23.45	16.99	15.28	26.69	25.38
NOPAT to Interest Expense	8.57	10.53	10.30	10.25	11.13	13.14	19.56	13.76	12.23	21.71	20.59
EBIT Less CapEx to Interest Expense	10.02	12.12	12.36	10.74	11.59	13.48	19.22	14.41	10.48	22.53	22.51
NOPAT Less CapEx to Interest Expense	5.61	7.42	7.09	7.77	8.94	10.40	15.32	11.17	7.43	17.55	17.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.78%	24.84%	26.07%	26.16%	27.04%	33.15%	27.26%	28.57%	26.00%	19.87%	21.47%
Augmented Payout Ratio	31.78%	132.83%	107.85%	151.56%	124.91%	61.21%	156.57%	88.92%	26.00%	26.51%	81.32%

This table displays calculated financial ratios and metrics derived from Lennox International's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	34,802,911.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	34,802,911.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	3.37
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.75%	5.58%	-0.22%	2.81%	9.65%	16.47%	2.44%	3.43%	-4.76%	-11.15%	5.83%
EBITDA Growth	2.16%	36.44%	19.42%	15.12%	55.51%	28.86%	-5.11%	10.30%	4.05%	-7.95%	-0.47%
EBIT Growth	0.70%	40.70%	19.00%	14.71%	62.50%	31.79%	-6.81%	10.61%	2.15%	-11.80%	-2.69%
NOPAT Growth	-7.93%	48.32%	23.04%	11.65%	77.40%	31.48%	-6.19%	11.10%	3.46%	-15.05%	-3.66%
Net Income Growth	-8.10%	53.07%	26.84%	13.21%	83.28%	36.82%	-3.22%	12.89%	2.85%	-19.71%	-9.57%
EPS Growth	-8.52%	53.03%	26.18%	12.62%	83.01%	36.63%	-2.88%	13.83%	4.49%	-18.09%	-7.71%
Operating Cash Flow Growth	83.27%	131.69%	71.07%	-5.88%	44.35%	8.52%	-57.02%	-52.83%	-33.49%	22.11%	144.97%
Free Cash Flow Firm Growth	56.28%	52.45%	51.41%	125.79%	197.93%	239.13%	177.74%	105.49%	-250.18%	-1,703.28%	-928.92%
Invested Capital Growth	18.14%	20.69%	16.28%	14.18%	10.87%	3.56%	2.39%	12.12%	23.46%	49.15%	51.04%
Revenue Q/Q Growth	-3.20%	-15.48%	-9.33%	38.58%	3.24%	-10.22%	-20.25%	39.93%	-4.94%	-16.25%	-5.01%
EBITDA Q/Q Growth	-30.63%	0.67%	-9.09%	81.58%	-6.29%	-16.58%	-33.15%	110.87%	-11.52%	-24.58%	-24.40%
EBIT Q/Q Growth	-33.14%	-0.59%	-10.27%	92.65%	-5.28%	-19.38%	-36.65%	128.44%	-12.45%	-28.70%	-26.29%
NOPAT Q/Q Growth	-39.46%	10.82%	-12.73%	90.69%	-3.80%	-17.86%	-37.74%	125.82%	-10.41%	-31.17%	-25.74%
Net Income Q/Q Growth	-39.96%	10.81%	-13.98%	97.83%	-2.81%	-17.28%	-39.15%	130.76%	-11.46%	-34.05%	-27.70%
EPS Q/Q Growth	-40.16%	10.68%	-14.11%	97.98%	-2.77%	-17.37%	-38.95%	132.05%	-10.74%	-33.81%	-27.49%
Operating Cash Flow Q/Q Growth	60.20%	-2.20%	-107.44%	907.02%	145.71%	-26.48%	-110.77%	342.46%	246.43%	34.99%	-96.03%
Free Cash Flow Firm Q/Q Growth	29.18%	-21.46%	-1.89%	129.42%	168.95%	72.57%	-43.07%	-22.23%	-296.56%	-405.91%	-18.94%
Invested Capital Q/Q Growth	-6.63%	2.94%	14.20%	4.03%	-9.34%	-3.85%	12.92%	13.91%	-0.17%	24.41%	6.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.36%	30.73%	32.47%	33.64%	32.60%	33.85%	30.63%	34.81%	32.84%	34.74%	30.95%
EBITDA Margin	15.22%	18.12%	18.15%	23.78%	21.58%	20.05%	16.81%	25.33%	23.58%	21.23%	16.90%
Operating Margin	13.67%	16.02%	15.93%	22.06%	20.25%	18.19%	14.51%	23.59%	21.74%	18.55%	14.40%
EBIT Margin	13.64%	16.05%	15.85%	22.04%	20.22%	18.16%	14.42%	23.55%	21.68%	18.46%	14.32%
Profit (Net Income) Margin	9.54%	12.51%	11.87%	16.95%	15.95%	14.70%	11.22%	18.50%	17.23%	13.56%	10.33%
Tax Burden Percent	74.43%	83.29%	80.61%	80.10%	81.32%	82.82%	81.06%	80.46%	82.26%	79.23%	79.78%
Interest Burden Percent	93.99%	93.63%	92.89%	96.00%	97.03%	97.75%	95.93%	97.62%	96.57%	92.75%	90.34%
Effective Tax Rate	25.57%	16.71%	19.39%	19.90%	18.68%	17.18%	18.94%	19.54%	17.74%	20.77%	20.22%
Return on Invested Capital (ROIC)	36.70%	47.79%	39.57%	52.32%	54.42%	51.96%	35.90%	53.63%	52.22%	36.33%	27.06%
ROIC Less NNEP Spread (ROIC-NNEP)	36.10%	47.08%	38.89%	51.55%	53.73%	51.46%	35.39%	53.01%	51.20%	35.02%	25.95%
Return on Net Nonoperating Assets (RNNOA)	-712.21%	1,546.20%	478.56%	221.55%	129.58%	88.89%	66.50%	84.51%	51.57%	34.26%	30.14%
Return on Equity (ROE)	-675.52%	1,593.98%	518.13%	273.86%	184.00%	140.84%	102.40%	138.13%	103.79%	70.59%	57.20%
Cash Return on Invested Capital (CROIC)	26.02%	26.70%	25.62%	27.11%	40.49%	50.77%	44.95%	33.45%	26.46%	0.60%	-3.18%
Operating Return on Assets (OROA)	24.34%	29.80%	27.43%	35.66%	33.58%	30.93%	24.04%	37.10%	33.90%	24.91%	19.44%
Return on Assets (ROA)	17.03%	23.24%	20.54%	27.42%	26.50%	25.04%	18.69%	29.15%	26.93%	18.30%	14.01%
Return on Common Equity (ROCE)	-675.52%	1,593.98%	518.13%	273.86%	184.00%	140.84%	102.40%	138.13%	103.79%	70.59%	57.20%
Return on Equity Simple (ROE_SIMPLE)	338.56%	0.00%	167.14%	111.73%	99.96%	0.00%	94.18%	92.68%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	139	154	134	256	247	203	126	285	255	176	130
NOPAT Margin	10.18%	13.34%	12.84%	17.67%	16.46%	15.06%	11.76%	18.98%	17.88%	14.70%	11.49%
Net Nonoperating Expense Percent (NNEP)	0.60%	0.71%	0.68%	0.76%	0.69%	0.50%	0.51%	0.61%	1.02%	1.30%	1.10%
Return On Investment Capital (ROIC_SIMPLE)	-	9.69%	-	-	-	10.14%	6.30%	13.68%	12.26%	6.88%	4.77%
Cost of Revenue to Revenue	68.64%	69.27%	67.53%	66.36%	67.40%	66.15%	69.37%	65.19%	67.16%	65.26%	69.05%
SG&A Expenses to Revenue	13.09%	15.40%	16.30%	11.61%	12.31%	15.39%	15.97%	11.55%	11.33%	14.66%	16.32%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.00%	14.80%	16.66%	11.78%	12.52%	15.80%	16.24%	11.37%	11.28%	16.22%	16.55%
Earnings before Interest and Taxes (EBIT)	186	185	166	320	303	244	155	353	309	221	163
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	208	209	190	345	323	270	180	380	336	254	192
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	82.65	55.29	47.00	33.01	28.56	25.53	23.41	22.59	17.38	14.64	13.31
Price to Tangible Book Value (P/TBV)	0.00	249.61	116.41	53.31	40.32	34.44	31.55	29.89	21.87	43.35	36.67
Price to Revenue (P/Rev)	2.68	3.17	3.48	3.80	4.18	4.06	3.72	3.76	3.48	3.28	3.07
Price to Earnings (P/E)	24.41	26.73	28.12	29.54	28.57	26.90	24.85	24.37	22.10	21.14	20.36
Dividend Yield	1.16%	0.98%	0.90%	0.83%	0.74%	0.75%	0.81%	0.83%	0.93%	1.04%	1.37%
Earnings Yield	4.10%	3.74%	3.56%	3.38%	3.50%	3.72%	4.02%	4.10%	4.53%	4.73%	4.91%
Enterprise Value to Invested Capital (EV/IC)	9.83	11.18	10.76	11.23	13.68	14.24	11.74	10.59	9.66	7.30	6.56
Enterprise Value to Revenue (EV/Rev)	2.95	3.41	3.76	4.04	4.35	4.20	3.89	3.96	3.66	3.54	3.35
Enterprise Value to EBITDA (EV/EBITDA)	17.71	19.42	20.62	21.31	21.00	19.89	18.67	18.61	16.75	15.98	15.33
Enterprise Value to EBIT (EV/EBIT)	19.72	21.53	22.91	23.66	23.02	21.72	20.44	20.34	18.41	17.71	17.05
Enterprise Value to NOPAT (EV/NOPAT)	24.96	26.91	28.46	29.66	28.32	26.70	25.10	24.96	22.50	21.84	21.06
Enterprise Value to Operating Cash Flow (EV/OCF)	25.84	23.11	23.61	25.99	24.38	23.72	22.39	25.69	28.57	24.27	21.77
Enterprise Value to Free Cash Flow (EV/FCFF)	40.91	45.80	45.17	44.15	35.53	28.53	26.42	33.48	40.36	1,466.65	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	9.30	4.57	3.87	2.23	1.51	1.35	1.35	1.31	0.95	1.19	1.25
Long-Term Debt to Equity	7.03	4.01	3.13	1.95	1.10	0.98	0.98	0.93	0.78	0.98	0.94
Financial Leverage	-19.73	32.84	12.30	4.30	2.41	1.73	1.88	1.59	1.01	0.98	1.16
Leverage Ratio	-37.86	65.28	23.70	9.69	6.79	5.52	5.27	4.65	3.75	3.62	3.75
Compound Leverage Factor	-35.58	61.12	22.01	9.30	6.59	5.40	5.06	4.54	3.62	3.36	3.39
Debt to Total Capital	90.29%	82.06%	79.45%	69.04%	60.20%	57.44%	57.42%	56.74%	48.61%	54.42%	55.65%
Short-Term Debt to Total Capital	22.01%	10.19%	15.18%	8.63%	16.51%	15.74%	15.75%	16.59%	8.35%	9.57%	13.85%
Long-Term Debt to Total Capital	68.28%	71.87%	64.27%	60.41%	43.69%	41.70%	41.67%	40.15%	40.26%	44.84%	41.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	9.71%	17.94%	20.55%	30.96%	39.80%	42.56%	42.58%	43.26%	51.39%	45.59%	44.35%
Debt to EBITDA	1.81	1.49	1.57	1.35	1.07	1.02	1.03	1.02	0.87	1.21	1.33
Net Debt to EBITDA	1.64	1.41	1.51	1.29	0.83	0.64	0.83	0.98	0.82	1.18	1.28
Long-Term Debt to EBITDA	1.37	1.30	1.27	1.18	0.78	0.74	0.75	0.72	0.72	0.99	1.00
Debt to NOPAT	2.55	2.06	2.17	1.88	1.44	1.37	1.38	1.37	1.17	1.65	1.82
Net Debt to NOPAT	2.31	1.96	2.08	1.80	1.12	0.86	1.11	1.31	1.10	1.61	1.76
Long-Term Debt to NOPAT	1.93	1.81	1.76	1.65	1.05	0.99	1.00	0.97	0.96	1.36	1.37
Altman Z-Score	6.66	7.70	7.70	8.11	8.78	8.61	8.21	8.14	8.46	6.84	6.32
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.39	1.41	1.43	1.60	1.39	1.43	1.43	1.41	1.68	1.60	1.57
Quick Ratio	0.67	0.65	0.61	0.83	0.81	0.82	0.68	0.65	0.72	0.51	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-88	-107	-109	32	86	148	85	66	-129	-654	-778
Operating Cash Flow to CapEx	790.91%	245.63%	-78.62%	573.21%	1,119.06%	557.72%	-143.20%	308.90%	849.44%	1,404.50%	29.38%
Free Cash Flow to Firm to Interest Expense	-7.85	-9.44	-9.22	2.56	9.67	27.00	13.63	7.92	-12.31	-41.12	-51.16
Operating Cash Flow to Interest Expense	27.96	27.11	-1.93	14.72	50.80	60.44	-5.77	10.46	28.64	25.53	1.06
Operating Cash Flow Less CapEx to Interest Expense	24.43	16.07	-4.39	12.15	46.26	49.60	-9.81	7.07	25.27	23.71	-2.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.78	1.86	1.73	1.62	1.66	1.70	1.67	1.58	1.56	1.35	1.36
Accounts Receivable Turnover	7.01	8.28	7.91	5.90	6.82	8.51	8.47	6.27	6.79	8.38	8.09
Inventory Turnover	4.62	4.73	3.93	4.18	4.84	5.09	4.18	4.07	4.25	3.45	3.33
Fixed Asset Turnover	8.77	7.85	7.51	7.44	7.59	7.03	6.84	6.92	6.67	6.16	6.09
Accounts Payable Turnover	8.87	8.56	7.70	7.40	8.45	8.26	7.11	7.01	7.47	7.46	6.75
Days Sales Outstanding (DSO)	52.04	44.07	46.12	61.89	53.54	42.90	43.11	58.18	53.78	43.56	45.11
Days Inventory Outstanding (DIO)	79.05	77.17	92.77	87.42	75.37	71.78	87.33	89.60	85.91	105.77	109.73
Days Payable Outstanding (DPO)	41.15	42.62	47.41	49.32	43.18	44.21	51.33	52.08	48.85	48.94	54.10
Cash Conversion Cycle (CCC)	89.94	78.62	91.49	99.99	85.74	70.47	79.10	95.70	90.84	100.39	100.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,478	1,521	1,737	1,807	1,639	1,576	1,779	2,027	2,023	2,517	2,687
Invested Capital Turnover	3.61	3.58	3.08	2.96	3.31	3.45	3.05	2.83	2.92	2.47	2.35
Increase / (Decrease) in Invested Capital	227	261	243	224	161	54	42	219	384	829	908
Enterprise Value (EV)	14,524	17,011	18,702	20,288	22,418	22,431	20,881	21,467	19,546	18,384	17,626
Market Capitalization	13,182	15,775	17,334	19,058	21,533	21,705	19,954	20,341	18,593	17,031	16,153
Book Value per Share	$4.49	$8.03	$10.36	$16.21	$21.16	$23.87	$23.96	$25.38	$30.47	$33.16	$34.88
Tangible Book Value per Share	($0.63)	$1.78	$4.18	$10.04	$14.99	$17.69	$17.78	$19.18	$24.20	$11.20	$12.66
Total Capital	1,643	1,591	1,795	1,865	1,894	1,998	2,002	2,082	2,082	2,552	2,737
Total Debt	1,483	1,305	1,426	1,288	1,140	1,148	1,149	1,181	1,012	1,388	1,523
Total Long-Term Debt	1,122	1,143	1,154	1,127	828	833	834	836	838	1,144	1,144
Net Debt	1,342	1,236	1,369	1,230	885	725	927	1,126	953	1,354	1,473
Capital Expenditures (CapEx)	40	125	29	32	40	60	25	28	35	29	55
Debt-free, Cash-free Net Working Capital (DFCFNWC)	707	512	682	764	572	463	653	876	883	922	1,069
Debt-free Net Working Capital (DFNWC)	849	581	740	822	828	885	876	931	942	956	1,119
Net Working Capital (NWC)	487	419	467	661	515	571	560	586	768	712	740
Net Nonoperating Expense (NNE)	8.63	9.58	10	10	7.64	4.89	5.84	7.24	9.38	14	13
Net Nonoperating Obligations (NNO)	1,319	1,236	1,369	1,230	885	725	927	1,126	953	1,354	1,473
Total Depreciation and Amortization (D&A)	22	24	24	25	20	26	26	27	27	33	29
Debt-free, Cash-free Net Working Capital to Revenue	14.38%	10.28%	13.70%	15.22%	11.10%	8.67%	12.16%	16.17%	16.52%	17.74%	20.32%
Debt-free Net Working Capital to Revenue	17.25%	11.66%	14.85%	16.37%	16.07%	16.58%	16.32%	17.19%	17.62%	18.41%	21.28%
Net Working Capital to Revenue	9.90%	8.41%	9.38%	13.17%	10.00%	10.69%	10.44%	10.81%	14.37%	13.70%	14.07%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.67	$4.06	$3.49	$6.91	$6.71	$5.56	$3.39	$7.86	$7.01	$4.63	$3.37
Adjusted Weighted Average Basic Shares Outstanding	35.50M	35.50M	35.60M	35.60M	35.60M	35.60M	35.50M	35.30M	35.10M	35.20M	34.80M
Adjusted Diluted Earnings per Share	$3.65	$4.04	$3.47	$6.87	$6.68	$5.52	$3.37	$7.82	$6.98	$4.62	$3.35
Adjusted Weighted Average Diluted Shares Outstanding	35.70M	35.70M	35.80M	35.80M	35.80M	35.80M	35.70M	35.50M	35.20M	35.40M	35M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.54M	35.59M	35.62M	35.63M	35.62M	35.58M	35.48M	35.12M	35.07M	34.80M	34.80M
Normalized Net Operating Profit after Tax (NOPAT)	186	143	134	255	247	205	126	285	255	175	131
Normalized NOPAT Margin	13.64%	12.36%	12.84%	17.60%	16.47%	15.25%	11.77%	18.98%	17.89%	14.65%	11.53%
Pre Tax Income Margin	12.82%	15.02%	14.73%	21.16%	19.62%	17.75%	13.84%	22.99%	20.94%	17.12%	12.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.64	16.40	14.07	25.58	34.03	44.40	24.95	42.58	29.47	13.87	10.70
NOPAT to Interest Expense	12.41	13.64	11.39	20.51	27.71	36.83	20.34	34.32	24.30	11.05	8.58
EBIT Less CapEx to Interest Expense	13.11	5.36	11.61	23.02	29.49	33.56	20.92	39.19	26.10	12.06	7.09
NOPAT Less CapEx to Interest Expense	8.88	2.60	8.94	17.94	23.17	26.00	16.31	30.93	20.93	9.23	4.98
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.41%	26.00%	25.13%	24.26%	15.83%	19.87%	20.19%	19.61%	20.01%	21.47%	22.35%
Augmented Payout Ratio	28.41%	26.00%	25.13%	24.26%	17.54%	26.51%	37.48%	61.36%	64.29%	81.32%	74.86%

Financials Breakdown Chart

Key Financial Trends

Lennox International (NYSE: LII) has shown a pattern of improving operating cash flow and steady profitability in 2025, with revenue momentum in mid-year and ongoing capital returns to shareholders. Across the last four years of quarterly data, the company has remained focused on margin stability, liquidity management, and growth investments, including acquisitions funded by new debt in late 2025.

2025 Q2 revenue rose to 1.5009B vs 2024 Q2 1.4511B (about +3.5% YoY).
2025 Q2 net income reached 277.6M, up from 245.9M in 2024 Q2 (roughly +13%).
Operating cash flow improved through 2025, with net cash from continuing operating activities of 86.8M (Q2 2025), 299.9M (Q3 2025), and 406.7M (Q4 2025).
Gross margin held in the mid‑30s range in 2025 (roughly 32–35%), indicating stable profitability.
Share repurchases occurred in 2025 (e.g., 209.6M in Q2 and 150.5M in Q4), signaling ongoing capital return to shareholders.
Debt issuance in Q4 2025 added liquidity for growth, with a notable debt issuance around 1.19B.
Cash and equivalents hovered around 50M in recent quarters, maintaining liquidity without a large cash pile buildup.
Q4 2025 investing outflow was heavy due to acquisitions (545M) and total net cash from investing activities at -568M.
Q4 2025 net income declined versus Q4 2024 (162.1M vs 197.7M), indicating a quarterly earnings rhythm shift.
Q1 2025 cash flow from operating activities was negative (-35.8M), signaling quarterly cash-flow volatility.

05/08/26 07:17 PM ETAI Generated. May Contain Errors.

Lennox International Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lennox International's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Lennox International's net income appears to be on an upward trend, with a most recent value of $805.80 million in 2025, rising from $186.60 million in 2015. The previous period was $811.10 million in 2024. See where experts think Lennox International is headed by visiting Lennox International's forecast page.

Lennox International's total operating income in 2025 was $1.04 billion, based on the following breakdown:

Total Gross Profit: $1.73 billion
Total Operating Expenses: $699.70 million

Over the last 10 years, Lennox International's total revenue changed from $3.47 billion in 2015 to $5.20 billion in 2025, a change of 49.8%.

Lennox International's total liabilities were at $2.92 billion at the end of 2025, a 9.8% increase from 2024, and a 85.2% increase since 2015.

In the past 10 years, Lennox International's cash and equivalents has ranged from $31 million in 2021 to $415.10 million in 2024, and is currently $34.20 million as of their latest financial filing in 2025.

Over the last 10 years, Lennox International's book value per share changed from 2.25 in 2015 to 33.16 in 2025, a change of 1,376.4%.

Related Companies

Financial statements for NYSE:LII last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Lennox International (LII) Financials

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