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Lennox International (LII) Financials

Lennox International logo
$416.59 -5.42 (-1.28%)
Closing price 08/17/2026 03:58 PM Eastern
Extended Trading
$416.13 -0.46 (-0.11%)
As of 04:38 AM Eastern
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Annual Income Statements for Lennox International

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

Quarterly Income Statements for Lennox International

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 145 124 246 239 198 130 274 246 162 117 269
Consolidated Net Income / (Loss)		 145 124 246 239 198 130 274 246 162 117 269
Net Income / (Loss) Continuing Operations		 145 124 246 239 198 130 274 246 162 117 269
Total Pre-Tax Income 		174 154 307 294 239 161 340 299 205 147 340
Total Operating Income		 185 167 320 303 245 168 349 310 222 164 355
Total Gross Profit		 355 340 488 488 455 341 518 469 415 351 540
Total Revenue		 1,155 1,047 1,451 1,498 1,345 1,073 1,501 1,427 1,195 1,135 1,545
Operating Revenue		 1,155 1,047 1,451 1,498 1,345 1,073 1,501 1,427 1,195 1,135 1,545
Total Cost of Revenue		 800 707 963 1,010 890 732 983 958 780 784 1,006
Operating Cost of Revenue		 800 707 963 1,010 890 732 983 958 780 784 1,006
Total Operating Expenses		 171 174 171 188 213 174 171 161 194 188 186
Selling, General & Admin Expense		 178 171 169 184 207 171 173 162 175 185 183
Other Operating Expenses / (Income)		 3.90 3.70 3.70 3.10 2.40 2.80 -2.70 -0.70 13 2.20 2.40
Restructuring Charge		 - - - 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Other Special Charges / (Income)		 -14 0.00 -1.60 0.10 3.10 0.10 0.10 0.10 -0.80 0.50 0.10
Total Other Income / (Expense), net		 -11 -11 -11 -6.90 -4.10 -5.90 -6.80 -8.80 -17 -17 -14
Interest Expense		 11 12 13 8.90 5.50 6.20 8.30 11 16 15 15
Interest & Investment Income		 0.50 1.20 2.50 2.40 1.80 1.20 2.10 2.50 0.20 -0.40 1.00
Other Income / (Expense), net		 0.30 -0.80 -0.60 -0.40 -0.40 -0.90 -0.60 -0.80 -1.10 -0.90 -0.60
Income Tax Expense		 29 30 61 55 41 31 66 53 43 30 71
Basic Earnings per Share		 $4.06 $3.49 $6.91 $6.71 $5.56 $3.65 $7.75 $7.01 $4.63 $3.37 $7.75
Weighted Average Basic Shares Outstanding		 35.50M 35.60M 35.60M 35.60M 35.60M 35.50M 35.30M 35.10M 35.20M 34.80M 34.70M
Diluted Earnings per Share		 $4.04 $3.47 $6.87 $6.68 $5.52 $3.63 $7.71 $6.98 $4.62 $3.35 $7.72
Weighted Average Diluted Shares Outstanding		 35.70M 35.80M 35.80M 35.80M 35.80M 35.70M 35.50M 35.20M 35.40M 35M 34.80M
Weighted Average Basic & Diluted Shares Outstanding		 35.59M 35.62M 35.63M 35.62M 35.58M 35.48M 35.12M 35.07M 34.80M 34.80M 34.56M

Annual Cash Flow Statements for Lennox International

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

Quarterly Cash Flow Statements for Lennox International

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -80 -11 -3.20 192 175 -201 -168 5.50 -0.40 17 5.30
Net Cash From Operating Activities		 306 -23 184 452 332 -36 87 301 406 16 172
Net Cash From Continuing Operating Activities		 306 -23 184 452 327 -36 87 300 407 16 172
Net Income / (Loss) Continuing Operations		 145 124 246 239 198 130 278 246 162 117 269
Consolidated Net Income / (Loss)		 145 124 246 239 198 130 278 246 162 117 269
Depreciation Expense		 24 24 25 20 26 26 27 27 33 29 33
Non-Cash Adjustments To Reconcile Net Income		 1.90 7.20 6.10 9.70 14 7.50 6.60 8.00 12 9.80 6.20
Changes in Operating Assets and Liabilities, net		 136 -178 -93 183 89 -199 -224 19 199 -140 -136
Net Cash From Investing Activities		 -195 -31 -27 -51 -66 -24 -28 -36 -568 -57 -34
Net Cash From Continuing Investing Activities		 -195 -31 -27 -51 -66 -24 -28 -36 -568 -57 -34
Purchase of Property, Plant & Equipment		 -125 -30 -33 -41 -60 -26 -29 -36 -29 -56 -36
Sale of Property, Plant & Equipment		 0.50 0.50 0.60 0.80 0.60 0.50 0.40 0.20 0.30 0.70 0.70
Sale and/or Maturity of Investments		 1.20 -3.50 1.50 -11 5.10 1.50 - -0.60 5.90 -1.60 1.50
Net Cash From Financing Activities		 -191 42 -161 -209 -91 -141 -227 -259 162 57 -133
Net Cash From Continuing Financing Activities		 -191 42 -161 -209 -91 -141 -227 -259 162 57 -133
Repayment of Debt		 -502 -215 -349 -201 -4.10 -5.00 -118 -713 -826 -304 -431
Repurchase of Common Equity		 - 0.00 - - -41 -85 -210 -37 -151 -20 -132
Payment of Dividends		 - -39 -39 -41 -41 -41 -41 -46 -46 -45 -45
Issuance of Debt		 324 304 227 50 - 0.00 141 536 1,192 434 476
Other Financing Activities, net		 -9.30 -8.10 -1.00 -5.90 -2.10 -11 -1.10 -0.90 -4.20 -11 -0.90
Cash Interest Paid		 8.20 22 3.80 19 0.50 19 0.40 20 6.80 24 8.50
Cash Income Taxes Paid		 47 4.00 56 85 86 5.10 39 48 12 7.00 107

Annual Balance Sheets for Lennox International

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

Quarterly Balance Sheets for Lennox International

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Total Assets		 2,770 2,981 2,890 2,985 3,222 3,313 3,455 3,653 3,525 4,293 4,545
Total Current Assets		 1,672 1,827 1,742 1,565 1,765 1,831 1,855 2,004 1,898 2,032 2,258
Cash & Equivalents		 40 51 132 46 48 243 217 49 53 48 52
Short-Term Investments		 7.10 7.20 9.60 12 10 13 5.70 5.90 6.30 2.00 0.60
Accounts Receivable		 643 844 695 616 859 817 652 868 759 648 918
Inventories, net		 904 856 748 823 776 689 902 1,002 992 1,210 1,152
Other Current Assets		 78 69 65 68 73 70 78 78 89 124 135
Plant, Property, & Equipment, net		 567 609 602 759 741 755 810 826 848 918 934
Total Noncurrent Assets		 532 546 546 662 716 727 790 824 779 1,343 1,353
Goodwill		 186 186 182 220 220 220 220 220 220 504 504
Intangible Assets		 - - - - - - - - - 270 266
Noncurrent Deferred & Refundable Income Taxes		 34 46 50 60 63 71 77 81 49 13 12
Other Noncurrent Operating Assets		 311 313 314 382 433 436 494 522 510 557 571
Total Liabilities & Shareholders' Equity		 2,770 2,981 2,890 2,985 3,222 3,313 3,455 3,653 3,525 4,293 4,545
Total Liabilities		 2,896 2,919 2,731 2,617 2,645 2,559 2,603 2,752 2,455 3,079 3,248
Total Current Liabilities		 1,526 1,742 1,255 1,097 1,105 1,316 1,295 1,418 1,130 1,293 1,439
Short-Term Debt		 658 761 362 273 161 313 315 345 174 379 432
Accounts Payable		 445 470 346 438 451 478 577 583 478 465 524
Accrued Expenses		 342 426 409 302 393 445 326 385 399 302 373
Current Deferred & Payable Income Tax Liabilities		 18 22 9.00 28 33 13 - 27 - 63 23
Other Current Liabilities		 64 63 60 57 67 68 77 79 79 84 87
Total Noncurrent Liabilities		 1,370 1,177 1,476 1,519 1,540 1,243 1,308 1,334 1,325 1,786 1,809
Long-Term Debt		 1,010 818 1,122 1,154 1,127 828 834 836 838 1,144 1,149
Noncurrent Employee Benefit Liabilities		 40 40 34 18 18 16 20 21 16 19 20
Other Noncurrent Operating Liabilities		 320 320 320 348 395 399 454 478 471 623 640
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		 -126 63 160 369 577 754 853 901 1,070 1,214 1,297
Total Preferred & Common Equity		 -126 63 160 369 577 754 853 901 1,070 1,214 1,297
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		 -126 63 160 369 577 754 853 901 1,070 1,214 1,297
Common Stock		 1,162 1,170 1,180 1,192 1,199 1,206 1,220 1,229 1,237 1,251 1,256
Retained Earnings		 3,131 3,309 3,400 3,591 3,796 3,994 4,230 4,462 4,663 4,963 5,185
Treasury Stock		 -4,340 -4,341 -4,344 -4,356 -4,357 -4,375 -4,517 -4,729 -4,767 -4,952 -5,086
Accumulated Other Comprehensive Income / (Loss)		 -79 -76 -77 -58 -61 -71 -81 -61 -62 -48 -59

Annual Metrics And Ratios for Lennox International

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%

Quarterly Metrics And Ratios for Lennox International

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 34,802,911.00 34,799,968.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 34,802,911.00 34,799,968.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 3.37 7.73
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.58% -0.22% 2.81% 9.65% 16.47% 2.44% 3.43% -4.76% -11.15% 5.83% 2.96%
EBITDA Growth		 36.44% 19.42% 15.12% 55.51% 28.86% -5.11% 10.30% 4.05% -7.95% -0.47% 3.15%
EBIT Growth		 40.70% 19.00% 14.71% 62.50% 31.79% -6.81% 10.61% 2.15% -11.80% -2.69% 1.72%
NOPAT Growth		 48.32% 23.04% 11.65% 77.40% 31.48% -6.19% 11.10% 3.46% -15.05% -3.66% 0.02%
Net Income Growth		 53.07% 26.84% 13.21% 83.28% 36.82% -3.22% 12.89% 2.85% -19.71% -9.57% -1.79%
EPS Growth		 53.03% 26.18% 12.62% 83.01% 36.63% -2.88% 13.83% 4.49% -18.09% -7.71% 0.13%
Operating Cash Flow Growth		 131.69% 71.07% -5.88% 44.35% 8.52% -57.02% -52.83% -33.49% 22.11% 144.97% 98.16%
Free Cash Flow Firm Growth		 52.45% 51.41% 125.79% 197.93% 239.13% 177.74% 105.49% -250.18% -1,703.28% -928.92% -935.94%
Invested Capital Growth		 20.69% 16.28% 14.18% 10.87% 3.56% 2.39% 12.12% 23.46% 49.15% 51.04% 39.47%
Revenue Q/Q Growth		 -15.48% -9.33% 38.58% 3.24% -10.22% -20.25% 39.93% -4.94% -16.25% -5.01% 36.14%
EBITDA Q/Q Growth		 0.67% -9.09% 81.58% -6.29% -16.58% -33.15% 110.87% -11.52% -24.58% -24.40% 101.77%
EBIT Q/Q Growth		 -0.59% -10.27% 92.65% -5.28% -19.38% -36.65% 128.44% -12.45% -28.70% -26.29% 117.96%
NOPAT Q/Q Growth		 10.82% -12.73% 90.69% -3.80% -17.86% -37.74% 125.82% -10.41% -31.17% -25.74% 115.57%
Net Income Q/Q Growth		 10.81% -13.98% 97.83% -2.81% -17.28% -39.15% 130.76% -11.46% -34.05% -27.70% 129.52%
EPS Q/Q Growth		 10.68% -14.11% 97.98% -2.77% -17.37% -38.95% 132.05% -10.74% -33.81% -27.49% 130.45%
Operating Cash Flow Q/Q Growth		 -2.20% -107.44% 907.02% 145.71% -26.48% -110.77% 342.46% 246.43% 34.99% -96.03% 968.32%
Free Cash Flow Firm Q/Q Growth		 -21.46% -1.89% 129.42% 168.95% 72.57% -43.07% -22.23% -296.56% -405.91% -18.94% 33.29%
Invested Capital Q/Q Growth		 2.94% 14.20% 4.03% -9.34% -3.85% 12.92% 13.91% -0.17% 24.41% 6.76% 5.19%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 30.73% 32.47% 33.64% 32.60% 33.85% 30.63% 34.81% 32.84% 34.74% 30.95% 34.91%
EBITDA Margin		 18.12% 18.15% 23.78% 21.58% 20.05% 16.81% 25.33% 23.58% 21.23% 16.90% 25.04%
Operating Margin		 16.02% 15.93% 22.06% 20.25% 18.19% 14.51% 23.59% 21.74% 18.55% 14.40% 22.97%
EBIT Margin		 16.05% 15.85% 22.04% 20.22% 18.16% 14.42% 23.55% 21.68% 18.46% 14.32% 22.93%
Profit (Net Income) Margin		 12.51% 11.87% 16.95% 15.95% 14.70% 11.22% 18.50% 17.23% 13.56% 10.33% 17.41%
Tax Burden Percent		 83.29% 80.61% 80.10% 81.32% 82.82% 81.06% 80.46% 82.26% 79.23% 79.78% 79.21%
Interest Burden Percent		 93.63% 92.89% 96.00% 97.03% 97.75% 95.93% 97.62% 96.57% 92.75% 90.34% 95.82%
Effective Tax Rate		 16.71% 19.39% 19.90% 18.68% 17.18% 18.94% 19.54% 17.74% 20.77% 20.22% 20.79%
Return on Invested Capital (ROIC)		 47.79% 39.57% 52.32% 54.42% 51.96% 35.90% 53.63% 52.22% 36.33% 27.06% 39.76%
ROIC Less NNEP Spread (ROIC-NNEP)		 47.08% 38.89% 51.55% 53.73% 51.46% 35.39% 53.01% 51.20% 35.02% 25.95% 38.84%
Return on Net Nonoperating Assets (RNNOA)		 1,546.20% 478.56% 221.55% 129.58% 88.89% 66.50% 84.51% 51.57% 34.26% 30.14% 46.93%
Return on Equity (ROE)		 1,593.98% 518.13% 273.86% 184.00% 140.84% 102.40% 138.13% 103.79% 70.59% 57.20% 86.69%
Cash Return on Invested Capital (CROIC)		 26.70% 25.62% 27.11% 40.49% 50.77% 44.95% 33.45% 26.46% 0.60% -3.18% 1.53%
Operating Return on Assets (OROA)		 29.80% 27.43% 35.66% 33.58% 30.93% 24.04% 37.10% 33.90% 24.91% 19.44% 29.67%
Return on Assets (ROA)		 23.24% 20.54% 27.42% 26.50% 25.04% 18.69% 29.15% 26.93% 18.30% 14.01% 22.52%
Return on Common Equity (ROCE)		 1,593.98% 518.13% 273.86% 184.00% 140.84% 102.40% 138.13% 103.79% 70.59% 57.20% 86.69%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 167.14% 111.73% 99.96% 0.00% 94.18% 92.68% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 154 134 256 247 203 126 285 255 176 130 281
NOPAT Margin		 13.34% 12.84% 17.67% 16.46% 15.06% 11.76% 18.98% 17.88% 14.70% 11.49% 18.20%
Net Nonoperating Expense Percent (NNEP)		 0.71% 0.68% 0.76% 0.69% 0.50% 0.51% 0.61% 1.02% 1.30% 1.10% 0.92%
Return On Investment Capital (ROIC_SIMPLE)		 9.69% - - - 10.14% 6.30% 13.68% 12.26% 6.88% 4.77% 9.77%
Cost of Revenue to Revenue		 69.27% 67.53% 66.36% 67.40% 66.15% 69.37% 65.19% 67.16% 65.26% 69.05% 65.09%
SG&A Expenses to Revenue		 15.40% 16.30% 11.61% 12.31% 15.39% 15.97% 11.55% 11.33% 14.66% 16.32% 11.85%
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		 14.80% 16.66% 11.78% 12.52% 15.80% 16.24% 11.37% 11.28% 16.22% 16.55% 12.01%
Earnings before Interest and Taxes (EBIT)		 185 166 320 303 244 155 353 309 221 163 354
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 209 190 345 323 270 180 380 336 254 192 387
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 55.29 47.00 33.01 28.56 25.53 23.41 22.59 17.38 14.64 13.31 15.37
Price to Tangible Book Value (P/TBV)		 249.61 116.41 53.31 40.32 34.44 31.55 29.89 21.87 43.35 36.67 37.78
Price to Revenue (P/Rev)		 3.17 3.48 3.80 4.18 4.06 3.72 3.76 3.48 3.28 3.07 3.76
Price to Earnings (P/E)		 26.73 28.12 29.54 28.57 26.90 24.85 24.37 22.10 21.14 20.36 25.29
Dividend Yield		 0.98% 0.90% 0.83% 0.74% 0.75% 0.81% 0.83% 0.93% 1.04% 1.37% 0.92%
Earnings Yield		 3.74% 3.56% 3.38% 3.50% 3.72% 4.02% 4.10% 4.53% 4.73% 4.91% 3.95%
Enterprise Value to Invested Capital (EV/IC)		 11.18 10.76 11.23 13.68 14.24 11.74 10.59 9.66 7.30 6.56 7.60
Enterprise Value to Revenue (EV/Rev)		 3.41 3.76 4.04 4.35 4.20 3.89 3.96 3.66 3.54 3.35 4.05
Enterprise Value to EBITDA (EV/EBITDA)		 19.42 20.62 21.31 21.00 19.89 18.67 18.61 16.75 15.98 15.33 18.48
Enterprise Value to EBIT (EV/EBIT)		 21.53 22.91 23.66 23.02 21.72 20.44 20.34 18.41 17.71 17.05 20.65
Enterprise Value to NOPAT (EV/NOPAT)		 26.91 28.46 29.66 28.32 26.70 25.10 24.96 22.50 21.84 21.06 25.65
Enterprise Value to Operating Cash Flow (EV/OCF)		 23.11 23.61 25.99 24.38 23.72 22.39 25.69 28.57 24.27 21.77 23.99
Enterprise Value to Free Cash Flow (EV/FCFF)		 45.80 45.17 44.15 35.53 28.53 26.42 33.48 40.36 1,466.65 0.00 577.81
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 4.57 3.87 2.23 1.51 1.35 1.35 1.31 0.95 1.19 1.25 1.22
Long-Term Debt to Equity		 4.01 3.13 1.95 1.10 0.98 0.98 0.93 0.78 0.98 0.94 0.89
Financial Leverage		 32.84 12.30 4.30 2.41 1.73 1.88 1.59 1.01 0.98 1.16 1.21
Leverage Ratio		 65.28 23.70 9.69 6.79 5.52 5.27 4.65 3.75 3.62 3.75 3.73
Compound Leverage Factor		 61.12 22.01 9.30 6.59 5.40 5.06 4.54 3.62 3.36 3.39 3.57
Debt to Total Capital		 82.06% 79.45% 69.04% 60.20% 57.44% 57.42% 56.74% 48.61% 54.42% 55.65% 54.93%
Short-Term Debt to Total Capital		 10.19% 15.18% 8.63% 16.51% 15.74% 15.75% 16.59% 8.35% 9.57% 13.85% 15.01%
Long-Term Debt to Total Capital		 71.87% 64.27% 60.41% 43.69% 41.70% 41.67% 40.15% 40.26% 44.84% 41.80% 39.92%
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		 17.94% 20.55% 30.96% 39.80% 42.56% 42.58% 43.26% 51.39% 45.59% 44.35% 45.07%
Debt to EBITDA		 1.49 1.57 1.35 1.07 1.02 1.03 1.02 0.87 1.21 1.33 1.36
Net Debt to EBITDA		 1.41 1.51 1.29 0.83 0.64 0.83 0.98 0.82 1.18 1.28 1.32
Long-Term Debt to EBITDA		 1.30 1.27 1.18 0.78 0.74 0.75 0.72 0.72 0.99 1.00 0.99
Debt to NOPAT		 2.06 2.17 1.88 1.44 1.37 1.38 1.37 1.17 1.65 1.82 1.89
Net Debt to NOPAT		 1.96 2.08 1.80 1.12 0.86 1.11 1.31 1.10 1.61 1.76 1.83
Long-Term Debt to NOPAT		 1.81 1.76 1.65 1.05 0.99 1.00 0.97 0.96 1.36 1.37 1.37
Altman Z-Score		 7.70 7.70 8.11 8.78 8.61 8.21 8.14 8.46 6.84 6.32 6.92
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		 1.41 1.43 1.60 1.39 1.43 1.43 1.41 1.68 1.60 1.57 1.57
Quick Ratio		 0.65 0.61 0.83 0.81 0.82 0.68 0.65 0.72 0.51 0.54 0.67
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -107 -109 32 86 148 85 66 -129 -654 -778 -519
Operating Cash Flow to CapEx		 245.63% -78.62% 573.21% 1,119.06% 557.72% -143.20% 308.90% 849.44% 1,404.50% 29.38% 491.43%
Free Cash Flow to Firm to Interest Expense		 -9.44 -9.22 2.56 9.67 27.00 13.63 7.92 -12.31 -41.12 -51.16 -35.29
Operating Cash Flow to Interest Expense		 27.11 -1.93 14.72 50.80 60.44 -5.77 10.46 28.64 25.53 1.06 11.70
Operating Cash Flow Less CapEx to Interest Expense		 16.07 -4.39 12.15 46.26 49.60 -9.81 7.07 25.27 23.71 -2.55 9.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.86 1.73 1.62 1.66 1.70 1.67 1.58 1.56 1.35 1.36 1.29
Accounts Receivable Turnover		 8.28 7.91 5.90 6.82 8.51 8.47 6.27 6.79 8.38 8.09 5.94
Inventory Turnover		 4.73 3.93 4.18 4.84 5.09 4.18 4.07 4.25 3.45 3.33 3.28
Fixed Asset Turnover		 7.85 7.51 7.44 7.59 7.03 6.84 6.92 6.67 6.16 6.09 6.03
Accounts Payable Turnover		 8.56 7.70 7.40 8.45 8.26 7.11 7.01 7.47 7.46 6.75 6.39
Days Sales Outstanding (DSO)		 44.07 46.12 61.89 53.54 42.90 43.11 58.18 53.78 43.56 45.11 61.48
Days Inventory Outstanding (DIO)		 77.17 92.77 87.42 75.37 71.78 87.33 89.60 85.91 105.77 109.73 111.22
Days Payable Outstanding (DPO)		 42.62 47.41 49.32 43.18 44.21 51.33 52.08 48.85 48.94 54.10 57.11
Cash Conversion Cycle (CCC)		 78.62 91.49 99.99 85.74 70.47 79.10 95.70 90.84 100.39 100.74 115.59
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,521 1,737 1,807 1,639 1,576 1,779 2,027 2,023 2,517 2,687 2,826
Invested Capital Turnover		 3.58 3.08 2.96 3.31 3.45 3.05 2.83 2.92 2.47 2.35 2.19
Increase / (Decrease) in Invested Capital		 261 243 224 161 54 42 219 384 829 908 800
Enterprise Value (EV)		 17,011 18,702 20,288 22,418 22,431 20,881 21,467 19,546 18,384 17,626 21,468
Market Capitalization		 15,775 17,334 19,058 21,533 21,705 19,954 20,341 18,593 17,031 16,153 19,939
Book Value per Share		 $8.03 $10.36 $16.21 $21.16 $23.87 $23.96 $25.38 $30.47 $33.16 $34.88 $37.28
Tangible Book Value per Share		 $1.78 $4.18 $10.04 $14.99 $17.69 $17.78 $19.18 $24.20 $11.20 $12.66 $15.16
Total Capital		 1,591 1,795 1,865 1,894 1,998 2,002 2,082 2,082 2,552 2,737 2,879
Total Debt		 1,305 1,426 1,288 1,140 1,148 1,149 1,181 1,012 1,388 1,523 1,581
Total Long-Term Debt		 1,143 1,154 1,127 828 833 834 836 838 1,144 1,144 1,149
Net Debt		 1,236 1,369 1,230 885 725 927 1,126 953 1,354 1,473 1,529
Capital Expenditures (CapEx)		 125 29 32 40 60 25 28 35 29 55 35
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 512 682 764 572 463 653 876 883 922 1,069 1,199
Debt-free Net Working Capital (DFNWC)		 581 740 822 828 885 876 931 942 956 1,119 1,251
Net Working Capital (NWC)		 419 467 661 515 571 560 586 768 712 740 819
Net Nonoperating Expense (NNE)		 9.58 10 10 7.64 4.89 5.84 7.24 9.38 14 13 12
Net Nonoperating Obligations (NNO)		 1,236 1,369 1,230 885 725 927 1,126 953 1,354 1,473 1,529
Total Depreciation and Amortization (D&A)		 24 24 25 20 26 26 27 27 33 29 33
Debt-free, Cash-free Net Working Capital to Revenue		 10.28% 13.70% 15.22% 11.10% 8.67% 12.16% 16.17% 16.52% 17.74% 20.32% 22.61%
Debt-free Net Working Capital to Revenue		 11.66% 14.85% 16.37% 16.07% 16.58% 16.32% 17.19% 17.62% 18.41% 21.28% 23.60%
Net Working Capital to Revenue		 8.41% 9.38% 13.17% 10.00% 10.69% 10.44% 10.81% 14.37% 13.70% 14.07% 15.45%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.06 $3.49 $6.91 $6.71 $5.56 $3.39 $7.86 $7.01 $4.63 $3.37 $7.75
Adjusted Weighted Average Basic Shares Outstanding		 35.50M 35.60M 35.60M 35.60M 35.60M 35.50M 35.30M 35.10M 35.20M 34.80M 34.70M
Adjusted Diluted Earnings per Share		 $4.04 $3.47 $6.87 $6.68 $5.52 $3.37 $7.82 $6.98 $4.62 $3.35 $7.72
Adjusted Weighted Average Diluted Shares Outstanding		 35.70M 35.80M 35.80M 35.80M 35.80M 35.70M 35.50M 35.20M 35.40M 35M 34.80M
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		 35.59M 35.62M 35.63M 35.62M 35.58M 35.48M 35.12M 35.07M 34.80M 34.80M 34.56M
Normalized Net Operating Profit after Tax (NOPAT)		 143 134 255 247 205 126 285 255 175 131 281
Normalized NOPAT Margin		 12.36% 12.84% 17.60% 16.47% 15.25% 11.77% 18.98% 17.89% 14.65% 11.53% 18.20%
Pre Tax Income Margin		 15.02% 14.73% 21.16% 19.62% 17.75% 13.84% 22.99% 20.94% 17.12% 12.94% 21.98%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 16.40 14.07 25.58 34.03 44.40 24.95 42.58 29.47 13.87 10.70 24.11
NOPAT to Interest Expense		 13.64 11.39 20.51 27.71 36.83 20.34 34.32 24.30 11.05 8.58 19.13
EBIT Less CapEx to Interest Expense		 5.36 11.61 23.02 29.49 33.56 20.92 39.19 26.10 12.06 7.09 21.73
NOPAT Less CapEx to Interest Expense		 2.60 8.94 17.94 23.17 26.00 16.31 30.93 20.93 9.23 4.98 16.75
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 26.00% 25.13% 24.26% 15.83% 19.87% 20.19% 19.61% 20.01% 21.47% 22.35% 23.06%
Augmented Payout Ratio		 26.00% 25.13% 24.26% 17.54% 26.51% 37.48% 61.36% 64.29% 81.32% 74.86% 66.02%

Financials Breakdown Chart

Key Financial Trends

Lennox International’s latest quarter shows solid profitability, but a much weaker cash flow profile and a balance sheet that has become more leveraged over the past year. Revenue in Q1 2026 fell to $1.14 billion from $1.19 billion in Q4 2025 and $1.50 billion in Q2 2025, while net income also eased to $117.2 million. Even so, operating margins remained healthy, and the company continued to generate strong earnings per share.

What stands out most for long-term investors is the contrast between earnings and cash flow. Lennox posted good profits in Q1 2026, but operating cash flow was only $16.1 million, down sharply from $406.7 million in Q4 2025 and $299.9 million in Q3 2025. A large swing in working capital was the main drag, which suggests the quarter tied up a lot more cash in day-to-day operations.

  • Gross profit remained strong at $351.3 million in Q1 2026, producing a gross margin of about 31%, which is still healthy for an industrial HVAC business.
  • Operating income of $163.5 million shows the core business is still profitable despite softer revenue.
  • Diluted EPS of $3.35 in Q1 2026 remained robust, even though it declined from $4.62 in Q4 2025.
  • The company generated positive net income in every quarter shown, indicating durable profitability across the cycle.
  • Treasury stock has increased dramatically over the long run, reflecting substantial share repurchases that have supported per-share earnings.
  • Cash and equivalents rose modestly to $48.2 million in Q1 2026 from $53.0 million in Q3 2025, but liquidity remains relatively thin versus total liabilities.
  • Inventories climbed to $1.21 billion in Q1 2026 from $1.00 billion in Q2 2025 and $991.5 million in Q3 2025, which may indicate higher working capital needs.
  • Goodwill jumped to $503.7 million in Q1 2026 from $220 million in Q3 2025, likely reflecting acquisition activity and increasing reliance on intangible assets.
  • Total liabilities rose to $3.08 billion in Q1 2026 from $2.75 billion in Q2 2025 and $2.45 billion in Q3 2025, increasing financial leverage.
  • Total equity improved to $1.21 billion in Q1 2026, but it remains well below liabilities, leaving the capital structure debt-heavy.

Balance sheet trends look less favorable than earnings trends. Total assets increased to $4.29 billion in Q1 2026 from $3.65 billion in Q2 2025, but liabilities increased even faster. Long-term debt stood at $1.14 billion and short-term debt at $379.2 million in Q1 2026, both higher than earlier in 2025. That combination points to a more leveraged company than a year ago.

Cash flow is the biggest caution flag. In Q1 2026, Lennox repaid $304.4 million of debt and paid $45.2 million in dividends, while also repurchasing $19.5 million of stock. Those shareholder-friendly actions are positive on their own, but they were funded in a quarter when operating cash flow was weak. If working capital does not normalize, funding buybacks and dividends could become less comfortable.

Compared with 2024, the business is still earning well, but it is doing so with more balance sheet strain and less cash conversion. Revenue is roughly flat to slightly down versus the prior year, margins remain respectable, but cash generation has become more uneven. For investors, that means the stock may still deserve credit for profitability and capital returns, but the quality of those earnings will hinge on whether operating cash flow rebounds and debt levels stabilize.

08/18/26 04:27 AM 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 financial year ends in December. Their financial 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. View Lennox International's forecast to see where analysts expect Lennox International to go next.

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%.


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Financial statements for NYSE:LII last updated on 7/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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