Saturday 17 October 2026
Export LII’s income statement to Excel — free account
Lennox International, Inc.
LII Industrials Building Products & Equipment
Lennox International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.2 billion, down 2.73% from fiscal 2024. In the quarter to June 2026, revenue grew 2.96%, EPS fell 1.40%, free cash flow grew 133.4% and total debt rose 1.49%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.
357.73
0.77
−0.21%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 105.65 | 147.54 | 177.36 | 210.39 | 163.40 | 266.77 | 182.85 | 232.00 | 412.09 | 443.19 |
Analyst estimates 2026–2028 Powerpack |
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| High | 164.57 | 213.78 | 230.66 | 298.49 | 319.77 | 356.36 | 324.04 | 451.35 | 682.50 | 689.44 | |||||
| People | |||||||||||||||
| People | Employees | 10,600 | 11,450 | 11,350 | 11,200 | 10,300 | 11,000 | 13,200 | 12,600 | 14,200 | 12,900 | ||||
| Revenue/emp, $m | 0.34 | 0.34 | 0.34 | 0.34 | 0.35 | 0.38 | 0.36 | 0.40 | 0.38 | 0.40 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 3,642 | 3,840 | 3,884 | 3,807 | 3,634 | 4,194 | 4,718 | 4,982 | 5,341 | 5,195 | ||||
| Gross margin, % | 29.56 | 29.31 | 28.61 | 28.36 | 28.62 | 28.34 | 27.23 | 31.10 | 33.28 | 33.39 | |||||
| EBT | 403 | 464 | 468 | 508 | 445 | 560 | 616 | 739 | 999 | 997 | |||||
| EBT margin, % | 11.06 | 12.08 | 12.05 | 13.34 | 12.25 | 13.35 | 13.05 | 14.83 | 18.71 | 19.19 | |||||
| Net income | 278 | 306 | 359 | 409 | 356 | 464 | 497 | 591 | 811 | 806 | |||||
| Depreciation | 58 | 65 | 66 | 71 | 73 | 72 | 78 | 86 | 95 | 113 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 83.91 | 90.99 | 95.66 | 97.62 | 94.89 | 112.74 | 132.17 | 140.34 | 150.04 | 147.59 | ||||
| Earnings | 6.39 | 7.25 | 8.84 | 10.49 | 9.30 | 12.47 | 13.92 | 16.61 | 22.67 | 22.89 | |||||
| Cash flow | 8.62 | 7.70 | 12.20 | 10.16 | 15.99 | 13.86 | 8.47 | 20.74 | 26.56 | 21.52 | |||||
| Capex | (1.94) | (2.32) | (2.34) | (2.67) | (2.02) | (2.85) | (2.79) | (6.99) | (4.53) | (3.34) | |||||
| Free cash flow | 6.68 | 5.38 | 9.86 | 7.48 | 13.97 | 11.01 | 5.68 | 13.75 | 22.04 | 18.19 | |||||
| Book value | 0.88 | 1.19 | (3.68) | (4.36) | (0.45) | (7.23) | (5.69) | 8.04 | 27.03 | 33.04 | |||||
| Shares, m | 43 | 42 | 41 | 39 | 38 | 37 | 36 | 36 | 36 | 35 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 24.01 | 28.57 | 24.70 | 23.21 | 29.40 | 25.99 | 17.32 | 26.54 | 26.89 | 21.74 | ||||
| P/S | 1.83 | 2.28 | 2.29 | 2.50 | 2.89 | 2.88 | 1.83 | 3.14 | 4.06 | 3.29 | |||||
| P/B | 175.51 | 174.47 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 54.89 | 22.55 | 14.70 | |||||
| EV/Sales | 2.06 | 2.52 | 2.54 | 2.80 | 3.12 | 3.16 | 2.14 | 3.36 | 4.20 | 3.51 | |||||
| EV/FCF | 25.84 | 42.63 | 24.68 | 36.48 | 21.21 | 32.39 | 49.70 | 34.31 | 28.57 | 28.46 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 374 | 325 | 496 | 396 | 612 | 516 | 302 | 736 | 946 | 758 | ||||
| Capex | (84) | (98) | (95) | (104) | (77) | (106) | (99) | (248) | (161) | (117) | |||||
| Free cash flow | 290 | 227 | 400 | 292 | 535 | 410 | 203 | 488 | 785 | 640 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 117 | 483 | 81 | 118 | 386 | 348 | (99) | 419 | 719 | 712 | ||||
| Total debt | 868 | 1,004 | 1,041 | 1,171 | 981 | 1,238 | 1,525 | 1,155 | 1,148 | 1,162 | |||||
| Net debt | 818 | 936 | 995 | 1,131 | 852 | 1,201 | 1,464 | 1,086 | 725 | 1,128 | |||||
| Shareholders’ equity | 38 | 50 | (150) | (170) | (17) | (269) | (203) | 285 | 962 | 1,163 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 16.16 | 16.74 | 19.36 | 21.22 | 17.52 | 22.07 | 20.98 | 22.04 | 25.27 | 20.92 | ||||
| ROIC | 31.35 | 31.35 | 37.70 | 42.73 | 35.84 | 39.57 | 32.53 | 36.07 | 38.54 | 28.42 | |||||
| ROE | 397.99 | 693.98 | (721.61) | (255.60) | (380.46) | (324.36) | (210.59) | 1,438.44 | 130.05 | 75.83 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Lennox International, Inc. vs peers in Building Products & Equipment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MAS Masco Corporation | $14.3B | 16.8× | 16.5× | −2.88% (below 0%: shrinking) | +25.00% (above 0%: growing) | +67.78% (above 0%: growing) | 43.57% | 23.64% | Compare |
| CSL Carlisle Companies Incorporated | $13.3B | 19.0× | 18.5× | +8.33% (above 0%: growing) | +6.75% (above 0%: growing) | −22.53% (below 0%: shrinking) | 36.20% | 22.45% | Compare |
| LII Lennox International, Inc. | $12.4B | 16.1× | 20.8× | +2.96% (above 0%: growing) | −1.40% (below 0%: shrinking) | +133.39% (above 0%: growing) | 34.91% | 22.97% | |
| WMS Advanced Drainage Systems, Inc. | $9.7B | 21.9× | 21.2× | +20.63% (above 0%: growing) | +18.92% (above 0%: growing) | −8.28% (below 0%: shrinking) | 40.76% | 25.43% | Compare |
| OC Owens Corning Inc | $9.0B | — (loss-making) | 13.4× | +0.33% (above 0%: growing) | −34.19% (below 0%: shrinking) | +61.87% (above 0%: growing) | 28.77% | 17.49% | Compare |
| SPXC SPX Technologies, Inc. | $8.4B | 29.5× | 34.3× | +22.92% (above 0%: growing) | +40.18% (above 0%: growing) | +96.84% (above 0%: growing) | 40.18% | 16.94% | Compare |
| AWI Armstrong World Industries, Inc. | $7.0B | 23.0× | 19.3× | +11.16% (above 0%: growing) | +12.44% (above 0%: growing) | +13.13% (above 0%: growing) | 41.31% | 28.35% | Compare |
| AAON AAON, Inc. | $6.4B | 37.8× | 57.5× | +101.23% (above 0%: growing) | +263.16% (above 0%: growing) | +52.96% (above 0%: growing) | 24.32% | 10.99% | Compare |
| BLDR Builders FirstSource, Inc. | $5.8B | 59.4× | 34.1× | −8.77% (below 0%: shrinking) | n/m | −87.35% (below 0%: shrinking) | 28.14% | 3.33% | Compare |
| Median of peers | $8.7B | 23.0× | 20.3× | +9.75% | +18.92% | +33.04% | 38.19% | 19.97% |
LII metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Lennox International, Inc. (LII) key facts
- Concern: Lennox International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.2 billion, down 2.73% from fiscal 2024.
- Lennox International, Inc. (LII) is a Building Products & Equipment company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, LII traded at $357.73, a market capitalization of $12.4 billion.
- Lennox International, Inc. pays an annual dividend of $5.32 per share, a yield of 1.49%, with a payout ratio of 24.1%.
- Return on equity was 75.8% and debt-to-equity 0.90.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 7.52 (safe zone) for fiscal 2025.
Lennox International, Inc. (LII) Latest News
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