NYSE : LII
Lennox International Inc. — Financial statements
Industrials · Building Products & Equipment · United States
Last price 344.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.77B
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Financial statements
Lennox International Inc. (LII) reported revenue of 5.45B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.45B | 5.20B | 5.34B | 4.98B | 4.72B | 4.19B |
| Cost of Revenue | 3.67B | 3.46B | 3.56B | 3.43B | 3.43B | 3.01B |
| Gross Profit | 1.78B | 1.73B | 1.78B | 1.55B | 1.28B | 1.19B |
| Selling, General & Admin | 721.10M | 681.40M | 730.60M | 705.50M | 627.20M | 598.90M |
| Other Operating Expenses | 9.30M | 11.10M | 7.30M | 13.30M | 6.40M | 9.40M |
| Operating Expenses | 730.40M | 692.50M | 737.90M | 718.80M | 633.60M | 608.30M |
| Operating Income | 1.05B | 1.04B | 1.04B | 830.40M | 651.10M | 580.10M |
| Interest Expense | -68.80M | -46.40M | -44.10M | -56.00M | -39.80M | -26.00M |
| Interest & Investment Income | 5.50M | 5.50M | 5.40M | 4.30M | 1.10M | 1.00M |
| Earnings From Equity Investments | 2.20M | 6.00M | 7.90M | 8.50M | 5.10M | 11.80M |
| Currency Exchange Gain (Loss) | 3.60M | 10.50M | -7.70M | 4.30M | 1.30M | 2.20M |
| Other Non Operating Income (Expenses) | -3.60M | -3.40M | -1.90M | -100.00K | -1.90M | -4.00M |
| EBT Excluding Unusual Items | 985.70M | 1.01B | 999.20M | 791.40M | 616.90M | 565.10M |
| Merger & Restructuring Charges | -29.10M | -17.10M | -3.10M | -1.50M | -1.80M | |
| Gain (Loss) on Sale of Assets | 5.60M | -200.00K | 600.00K | -48.60M | 1.00M | 200.00K |
| Legal Settlements | -3.10M | |||||
| Other Unusual Items | -700.00K | -400.00K | -400.00K | -800.00K | -600.00K | -3.40M |
| Pretax Income | 958.40M | 996.80M | 999.40M | 738.90M | 615.80M | 560.10M |
| Income Tax Expense | 208.60M | 191.00M | 188.30M | 147.70M | 118.70M | 96.10M |
| Earnings From Continuing Operations | 749.80M | 805.80M | 811.10M | 591.20M | 497.10M | 464.00M |
| Net Income | 749.80M | 805.80M | 811.10M | 591.20M | 497.10M | 464.00M |
| Net Income to Common | 749.80M | 805.80M | 811.10M | 591.20M | 497.10M | 464.00M |
| Shares Outstanding (Basic) | 34.67M | 35.20M | 35.60M | 35.50M | 35.70M | 37.20M |
| Shares Outstanding (Diluted) | 34.88M | 35.40M | 35.80M | 35.70M | 35.80M | 37.50M |
| EPS (Basic) | 21.62 | 22.89 | 22.78 | 16.65 | 13.92 | 12.47 |
| EPS (Diluted) | 21.53 | 22.79 | 22.66 | 16.58 | 13.88 | 12.39 |
| Free Cash Flow | 835.70M | 638.80M | 782.10M | 486.00M | 201.20M | 408.70M |
| Free Cash Flow Per Share | 23.96 | 18.05 | 21.85 | 13.61 | 5.62 | 10.90 |
| Dividend Per Share | 5.32 | 5.05 | 4.55 | 4.36 | 4.10 | 3.53 |
| Gross Margin | 32.62% | 33.39% | 33.28% | 31.10% | 27.23% | 28.34% |
| Operating Margin | 19.21% | 20.06% | 19.46% | 16.67% | 13.80% | 13.83% |
| Profit Margin | 13.76% | 15.51% | 15.19% | 11.87% | 10.54% | 11.06% |
| Free Cash Flow Margin | 15.34% | 12.30% | 14.64% | 9.75% | 4.26% | 9.74% |
| EBITDA | 1.18B | 1.15B | 1.13B | 916.40M | 729.00M | 652.50M |
| EBITDA Margin | 21.59% | 22.23% | 21.24% | 18.39% | 15.45% | 15.56% |
| D&A For EBITDA | 129.50M | 112.50M | 95.10M | 86.00M | 77.90M | 72.40M |
| EBIT | 1.05B | 1.04B | 1.04B | 830.40M | 651.10M | 580.10M |
| EBIT Margin | 19.21% | 20.06% | 19.46% | 16.67% | 13.80% | 13.83% |
| Effective Tax Rate | 21.77% | 19.16% | 18.84% | 19.99% | 19.28% | 17.16% |
| Advertising Expenses | 21.80M | 22.50M | 28.70M | 28.10M | 27.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.30M | 34.20M | 415.10M | 60.70M | 52.60M | 31.00M |
| Short-Term Investments | 2.20M | 500.00K | 7.20M | 8.40M | 8.50M | 5.50M |
| Cash & Short-Term Investments | 45.50M | 34.70M | 422.30M | 69.10M | 61.10M | 36.50M |
| Receivables | 881.30M | 578.80M | 661.10M | 596.80M | 608.50M | 508.30M |
| Inventory | 1.18B | 1.15B | 853.00M | 699.10M | 753.00M | 510.90M |
| Other Current Assets | 121.90M | 137.70M | 96.00M | 68.50M | 73.90M | 119.70M |
| Total Current Assets | 2.23B | 1.90B | 2.03B | 1.43B | 1.50B | 1.18B |
| Property, Plant & Equipment | 1.37B | 1.24B | 1.13B | 934.00M | 768.80M | 711.20M |
| Long-Term Investments | 67.60M | 64.30M | 58.40M | 44.40M | 37.70M | |
| Goodwill | 590.30M | 497.20M | 220.00M | 222.10M | 186.30M | 186.60M |
| Other Intangible Assets | 336.50M | 273.00M | 45.10M | |||
| Long-Term Accounts Receivable | 1.70M | 1.20M | ||||
| Long-Term Deferred Tax Assets | 12.30M | 12.90M | 75.10M | 51.80M | 27.50M | 11.30M |
| Other Long-Term Assets | 158.20M | 82.10M | 54.60M | 98.50M | 44.10M | 49.70M |
| Total Assets | 4.69B | 4.08B | 3.62B | 2.80B | 2.57B | 2.17B |
| Accounts Payable | 550.60M | 438.00M | 490.00M | 374.70M | 427.30M | 402.10M |
| Accrued Expenses | 362.30M | 309.40M | 375.60M | 360.30M | 317.00M | 310.50M |
| Short-Term Debt | 455.10M | 226.00M | 150.00M | |||
| Current Portion of Long-Term Debt | 299.60M | 299.60M | 699.40M | |||
| Current Portion of Leases | 106.90M | 107.20M | 88.30M | 69.60M | 74.50M | 66.10M |
| Current Income Taxes Payable | 5.60M | 46.40M | 4.20M | 17.60M | ||
| Current Unearned Revenue | 10.50M | 5.00M | 4.70M | 9.60M | 10.20M | |
| Other Current Liabilities | 56.10M | 54.30M | 54.80M | 51.10M | 50.30M | 38.20M |
| Total Current Liabilities | 1.84B | 1.19B | 1.31B | 1.01B | 1.60B | 827.10M |
| Long-Term Debt | 795.60M | 1.09B | 793.60M | 1.11B | 785.90M | 1.20B |
| Long-Term Leases | 427.40M | 344.00M | 307.10M | 197.30M | 190.10M | 174.00M |
| Long-Term Unearned Revenue | 10.30M | 8.40M | 7.50M | 6.40M | 5.50M | |
| Pension & Post-Retirement Benefits | 20.80M | 18.70M | 18.90M | 22.50M | 40.10M | 83.30M |
| Other Long-Term Liabilities | 292.40M | 260.40M | 216.60M | 160.70M | 152.50M | 153.50M |
| Total Liabilities | 3.37B | 2.92B | 2.66B | 2.51B | 2.77B | 2.44B |
| Common Stock | 900.00K | 900.00K | 900.00K | 900.00K | 900.00K | 900.00K |
| Additional Paid-In Capital | 1.26B | 1.24B | 1.21B | 1.18B | 1.16B | 1.13B |
| Retained Earnings | 5.36B | 4.89B | 4.26B | 3.51B | 3.07B | 2.72B |
| Treasury Stock | -5.24B | -4.92B | -4.42B | -4.35B | -4.34B | -4.03B |
| Comprehensive Income & Other | -71.40M | -48.50M | -93.70M | -56.90M | -90.60M | -88.10M |
| Total Common Equity | 1.32B | 1.16B | 962.10M | 285.30M | -203.10M | -269.00M |
| Shareholders' Equity | 1.32B | 1.16B | 962.10M | 285.30M | -203.10M | -269.00M |
| Total Liabilities & Equity | 4.69B | 4.08B | 3.62B | 2.80B | 2.57B | 2.17B |
| Total Debt | 2.08B | 1.77B | 1.49B | 1.53B | 1.75B | 1.44B |
| Net Cash (Debt) | -2.04B | -1.74B | -1.07B | -1.46B | -1.69B | -1.40B |
| Net Cash Per Share | -58.47 | -49.04 | -29.78 | -40.85 | -47.17 | -37.36 |
| Filing Date Shares Outstanding | 34.21M | 34.80M | 35.58M | 35.59M | 35.47M | 36.64M |
| Total Common Shares Outstanding | 34.21M | 34.80M | 35.60M | 35.58M | 35.47M | 36.63M |
| Working Capital | 389.30M | 712.00M | 719.10M | 418.90M | -99.20M | 348.30M |
| Book Value Per Share | 38.50 | 33.43 | 27.03 | 8.02 | -5.73 | -7.34 |
| Tangible Book Value | 390.10M | 392.90M | 697.00M | 63.20M | -389.40M | -455.60M |
| Tangible Book Value Per Share | 11.40 | 11.29 | 19.58 | 1.78 | -10.98 | -12.44 |
| Land | 46.40M | 30.30M | 23.70M | 24.10M | 24.00M | |
| Buildings | 475.10M | 427.80M | 371.90M | 321.60M | 285.90M | |
| Machinery | 1.19B | 1.06B | 965.00M | 964.70M | 946.50M | |
| Construction In Progress | 109.00M | 157.30M | 198.40M | 92.80M | 84.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 749.80M | 805.80M | 811.10M | 591.20M | 497.10M | 464.00M |
| Depreciation & Amortization | 129.50M | 112.50M | 95.10M | 86.00M | 77.90M | 72.40M |
| Loss (Gain) From Sale of Assets | -4.70M | -900.00K | 1.50M | 49.10M | ||
| Asset Writedown & Restructuring Costs | 10.60M | 3.30M | 2.60M | 1.00M | 1.10M | |
| Loss (Gain) on Equity Investments | -2.20M | -6.00M | -7.90M | -8.50M | -5.10M | -11.80M |
| Stock-Based Compensation | 23.30M | 29.10M | 28.50M | 30.10M | 21.80M | 24.30M |
| Provision & Write-off of Bad Debts | 3.60M | -1.90M | 8.00M | 9.80M | 6.90M | 4.90M |
| Other Operating Activities | 14.50M | 27.90M | -27.60M | -31.50M | -29.40M | 13.20M |
| Change in Accounts Receivable | -85.60M | 108.90M | -80.40M | -32.70M | -112.40M | -68.80M |
| Change in Inventory | 108.20M | -228.20M | -15.60M | 9.70M | -249.30M | -71.00M |
| Change in Accounts Payable | 36.50M | -74.20M | 115.00M | -29.20M | 28.20M | 55.20M |
| Change in Income Taxes | -9.80M | 58.60M | -21.90M | -24.10M | 56.40M | -26.50M |
| Change in Other Net Operating Assets | 15.60M | -77.30M | 39.90M | 83.70M | 9.20M | 58.50M |
| Operating Cash Flow | 989.30M | 757.60M | 945.70M | 736.20M | 302.30M | 515.50M |
| Capital Expenditures | -153.60M | -118.80M | -163.60M | -250.20M | -101.10M | -106.80M |
| Sale of Property, Plant & Equipment | 2.30M | 1.40M | 2.50M | 2.10M | 1.60M | 900.00K |
| Cash Acquisitions | -754.90M | -545.00M | 1.80M | -94.90M | ||
| Divestitures | -7.70M | 23.20M | ||||
| Investment in Securities | 4.10M | 6.80M | -7.40M | 100.00K | -3.50M | -500.00K |
| Investing Cash Flow | -902.10M | -655.60M | -174.40M | -319.70M | -103.00M | -106.40M |
| Short-Term Debt Issued | 1.57B | 424.10M | 150.00M | |||
| Long-Term Debt Issued | 300.00M | 156.70M | 2.41B | 2.94B | 1.79B | |
| Total Debt Issued | 2.78B | 1.87B | 580.80M | 2.56B | 2.94B | 1.79B |
| Short-Term Debt Repaid | -1.34B | -574.10M | ||||
| Long-Term Debt Repaid | -318.90M | -194.30M | -2.80B | -2.67B | -1.55B | |
| Total Debt Repaid | -2.21B | -1.66B | -768.40M | -2.80B | -2.67B | -1.55B |
| Net Debt Issued (Repaid) | 575.80M | 207.10M | -187.60M | -236.40M | 272.60M | 244.20M |
| Issuance of Common Stock | 5.80M | 4.00M | 4.50M | 3.90M | 3.60M | 3.30M |
| Repurchase of Common Stock | -469.80M | -501.50M | -75.20M | -14.90M | -308.30M | -622.10M |
| Common Dividends Paid | -183.10M | -173.00M | -160.30M | -153.40M | -142.00M | -126.50M |
| Other Financing Activities | -600.00K | -2.30M | -5.40M | 2.40M | ||
| Financing Cash Flow | -71.90M | -465.70M | -418.60M | -406.20M | -174.10M | -498.70M |
| Foreign Exchange Rate Adjustments | -2.50M | 1.30M | 1.70M | -2.20M | -3.60M | -3.30M |
| Net Cash Flow | 12.80M | -362.40M | 354.40M | 8.10M | 21.60M | -92.90M |
| Free Cash Flow | 835.70M | 638.80M | 782.10M | 486.00M | 201.20M | 408.70M |
| Free Cash Flow Margin | 15.34% | 12.30% | 14.64% | 9.75% | 4.26% | 9.74% |
| Free Cash Flow Per Share | 23.96 | 18.05 | 21.85 | 13.61 | 5.62 | 10.90 |
| Levered Free Cash Flow | 366.75M | 319.44M | 466.89M | 394.10M | 144.96M | 280.51M |
| Unlevered Free Cash Flow | 409.75M | 348.44M | 494.45M | 429.10M | 169.84M | 296.76M |
| Cash Interest Paid | 64.20M | 46.50M | 45.20M | 50.20M | 35.40M | 23.80M |
| Cash Income Tax Paid | 210.50M | 103.80M | 231.90M | 197.80M | 77.20M | 128.50M |
| Change in Working Capital | 64.90M | -212.20M | 37.00M | 7.40M | -267.90M | -52.60M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 12.10B | 17.03B | 21.71B | 15.90B | 8.48B | 11.87B |
| Enterprise Value | 14.14B | 18.34B | 22.87B | 17.47B | 10.24B | 13.28B |
| Last Close Price | 353.64 | 481.18 | 598.02 | 435.66 | 229.84 | 306.23 |
| PE Ratio | 16.43 | 21.14 | 26.76 | 26.90 | 17.05 | 25.58 |
| Forward PE | 15.76 | 20.49 | 26.80 | 23.61 | 16.56 | 24.88 |
| PS Ratio | 2.22 | 3.28 | 4.06 | 3.19 | 1.80 | 2.83 |
| PB Ratio | 9.19 | 14.64 | 22.56 | 55.75 | -41.74 | -44.13 |
| P/TBV Ratio | 31.01 | 43.35 | 31.14 | 251.66 | ||
| P/FCF Ratio | 14.48 | 26.66 | 27.75 | 32.73 | 42.14 | 29.05 |
| P/OCF Ratio | 12.23 | 22.48 | 22.95 | 21.60 | 28.05 | 23.03 |
| PEG Ratio | 1.87 | 1.88 | 1.60 | 2.02 | 1.71 | 1.95 |
| EV/Sales Ratio | 2.59 | 3.53 | 4.28 | 3.51 | 2.17 | 3.17 |
| EV/EBITDA Ratio | 12.02 | 15.88 | 20.16 | 19.06 | 14.05 | 20.36 |
| EV/EBIT Ratio | 13.50 | 17.60 | 22.00 | 21.04 | 15.73 | 22.90 |
| EV/FCF Ratio | 16.92 | 28.71 | 29.25 | 35.95 | 50.89 | 32.51 |
| Debt / Equity Ratio | 1.58 | 1.52 | 1.55 | 5.35 | -8.62 | -5.34 |
| Debt / EBITDA Ratio | 1.58 | 1.37 | 1.19 | 1.49 | 2.12 | 1.94 |
| Debt / FCF Ratio | 2.49 | 2.77 | 1.90 | 3.14 | 8.70 | 3.52 |
| Net Debt / Equity Ratio | 1.55 | 1.49 | 1.11 | 5.11 | -8.31 | -5.21 |
| Net Debt / EBITDA Ratio | 1.73 | 1.50 | 0.94 | 1.59 | 2.32 | 2.15 |
| Net Debt / FCF Ratio | 2.44 | 2.72 | 1.36 | 3.00 | 8.39 | 3.43 |
| Asset Turnover | 1.33 | 1.35 | 1.66 | 1.86 | 1.99 | 2.00 |
| Inventory Turnover | 3.39 | 3.45 | 4.59 | 4.73 | 5.43 | 6.33 |
| Quick Ratio | 0.51 | 0.52 | 0.82 | 0.66 | 0.42 | 0.66 |
| Current Ratio | 1.21 | 1.60 | 1.55 | 1.41 | 0.94 | 1.42 |
| Return on Equity (ROE) | 62.82% | 75.83% | 130.05% | 1,438.44% | ||
| Return on Assets (ROA) | 15.93% | 16.92% | 20.25% | 19.34% | 17.17% | 17.25% |
| Return on Invested Capital (ROIC) | 24.72% | 34.20% | 44.74% | 48.94% | 45.37% | 35.92% |
| Return on Capital Employed (ROCE) | 36.70% | 36.10% | 45.10% | 46.60% | 67.00% | 43.10% |
| Earnings Yield | 6.09% | 4.73% | 3.74% | 3.72% | 5.86% | 3.91% |
| FCF Yield | 6.91% | 3.75% | 3.60% | 3.06% | 2.37% | 3.44% |
| Dividend Yield | 1.54% | 1.03% | 0.75% | 0.97% | 1.71% | 1.09% |
| Payout Ratio | 25.27% | 21.47% | 19.76% | 25.95% | 28.57% | 27.26% |
| Buyback Yield / Dilution | 1.97% | 1.12% | -0.28% | 0.28% | 4.53% | 2.85% |
| Total Shareholder Return | 3.51% | 2.15% | 0.47% | 1.25% | 6.25% | 3.94% |