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Lennox International Inc. LII SPX

Industrials · Building Products & Equipment · United States
https://www.lennox.com

Lennox International Inc., together with its subsidiaries, designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils, air handlers, and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Supco, Linebacker, Elite series, Merit Series, Comfort Sync, Healthy Climate, Healthy Climate Solutions, iComfort, ComfortSense, and Lennox Stores name. The Building Climate Solutions segment offers unitary heating and air conditioning equipment, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial, curb, curb adapters, drop box diffusers, HVAC recycling, and salvage service. This segment also provides , condensing units, unit coolers, fluid coolers, air cooled condensers, process chillers, compressorized racks, and replacement parts and supplies under the Lennox, Model L, CORE, Enlight, Xion, Energence, Prodigy, Strategos, Raider, Lennox VRF, Lennox National Account Services, Allied Commercial, Duro Dyne, Dyne-Tite, Durozone, Elite, AES Industries, Mechanical, Heatcraft Worldwide Refrigeration, Bohn, MAGNA, Larkin, Climate Control, Chandler Refrigeration, IntelliGen, and Interlink brand name. In addition, the company provides small package units, rooftop units, chillers, air handlers, and fan coils. It sells its products and services through direct sales, distributors, and company-owned parts and supplies stores. The company was founded in 1895 and is headquartered in Richardson, Texas.

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$502.16
-10.11% 1Y

Market & Price

Market Cap
$17.48B
Current Price
$502.16
High / Low (52W)
$659.20 / $436.59
Beta
1.23

Valuation

Stock P/E
22.32
Industry PE
28.38
Forward P/E
18.80
PEG Ratio
1.43
Book Value
$34.87
Price to Book
14.40
P/S
3.32
EV/EBITDA
16.80
Dividend Yield
1.08%

Profitability & Returns

ROCE
36.10%
ROE
76.79%
ROA
16.74%
Profit Margin
15.09%
Op Margin
14.32%
EPS (Latest Qtr)
$3.35
EPS (TTM)
$22.50

Balance Sheet & Liquidity

Debt/Equity
1.61
Quick Ratio
0.54
Current Ratio
1.57
Debt
$1.95B
Total Assets
$4.08B
Current Assets
$1.90B
Working Capital
$712.00M

Ownership

Promoter Holding
9.56%
Chg in Prom Hold
-0.00%
FII / Inst Holding
79.45%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$19.38B
Total Revenue (TTM)
$5.26B
EBITDA
$1.15B
Free Cash Flow
$187.14M
Operating Cash Flow
$809.50M
Shares Outstanding
34.80M
Gross Margin
33.19%
Payout Ratio
23.10%

Growth (CAGR)

Revenue 5Y
3.26%
Profit 5Y
17.47%
Revenue (YoY)
5.80%
Earnings (YoY)
-7.70%

PROS

  • Strong return on equity of 76.8%.
  • Healthy ROCE of 36.1%.
  • Profit CAGR of 17.5% over 5 years.
  • Generates positive free cash flow.

CONS

  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 LII Lennox International Inc. SPX 502.16 22.32 $17.48B 1.08% 36.10% 76.79% 3.26% 17.47%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue ----793.40M1.10B1.05B891.80M834.80M1.18B1.03B843.60M790.30M1.10B1.03B885.00M723.80M941.30M1.05B914.00M930.50M1.24B1.06B964.80M1.01B1.37B1.24B1.09B1.05B1.41B1.37B1.05B1.45B--1.07B1.50B1.43B1.20B1.14B
Cost of Revenue -----------------------------------731.70M978.40M958.20M779.80M783.80M
Gross Profit 183.60M315.00M310.30M267.60M210.90M340.80M313.70M259.80M223.20M361.60M301.90M224.50M201.60M332.10M298.30M247.80M165.70M275.70M323.30M275.30M256.50M383.20M295.20M-268.20M397.10M334.20M-306.60M457.80M428.50M340.00M488.20M--340.90M522.50M468.60M415.20M351.30M
Operating Expenses -----------------------------------171.30M173.30M161.60M175.60M185.20M
Operating Income 43.70M160.70M156.90M-60.80M175.40M154.60M-53.00M195.10M145.20M-94.70M213.80M156.80M-36.40M136.00M167.10M-114.10M216.00M162.70M-111.90M226.90M185.80M-139.50M278.80M186.80M166.80M320.10M--169.60M349.20M307.00M239.60M166.10M
EBITDA -----------------------------------192.60M380.10M336.30M259.10M191.30M
Interest Expense -----------------------------------6.20M8.30M10.50M21.40M15.20M
Pretax Income -----------------------------------160.80M345.00M298.80M204.60M146.90M
Tax Provision -----------------------------------31.20M67.40M53.00M42.50M29.70M
Net Income 24.90M110.70M101.70M40.40M43.50M115.50M103.50M43.10M37.90M137.60M108.00M75.60M69.30M110.70M114.70M114.00M12.90M100.00M131.70M111.70M84.20M170.00M126.30M-83.60M177.20M141.90M-98.00M217.20M130.40M124.30M245.90M--129.60M277.60M245.80M162.10M117.20M
Diluted EPS 0.562.512.330.931.002.692.441.020.903.352.651.871.732.802.942.930.332.603.422.892.204.513.41-2.294.963.99-2.756.103.653.476.87--3.377.826.984.073.35

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue --------3.64B3.84B3.88B3.81B3.63B-4.72B4.98B5.34B5.20B
Cost of Revenue --------------3.43B3.43B3.56B3.46B
Gross Profit 934.50M788.10M701.20M669.90M722.30M861.20M903.30M947.40M1.08B1.13B1.11B1.08B1.04B-1.28B1.55B1.78B1.73B
Operating Expenses --------------626.20M703.90M731.10M681.60M
Operating Income 218.60M109.20M204.50M184.40M219.10M289.00M334.70M305.40M429.40M494.50M509.90M656.90M478.50M-658.50M845.30M1.05B1.05B
EBITDA --------------733.50M880.90M1.14B1.16B
Interest Expense --------------39.80M56.00M44.10M46.40M
Pretax Income --------------615.80M738.90M999.40M996.80M
Tax Provision --------------118.70M147.70M188.30M191.00M
Net Income 122.80M51.10M116.20M88.30M90.00M171.80M205.80M186.60M277.80M305.70M359.00M408.70M356.30M-497.10M591.20M811.10M805.80M
Diluted EPS 2.110.902.081.651.753.394.234.096.327.148.7410.389.24-13.8816.5422.5422.79
R&D Expense -48.90M49.50M50.30M50.70M53.70M60.70M62.30M64.60M73.60M72.20M69.90M66.80M76.10M80.30M94.00M93.60M103.40M

Compounded Sales Growth

5 Years:3.26%
1 Year:5.80%

Compounded Profit Growth

5 Years:17.47%
1 Year:-7.70%

Stock Price Performance

1 Year:-10.11%
6 Months:+4.30%
3 Months:-11.63%
1 Month:-2.99%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --1.54B1.69B1.71B1.69B1.63B1.76B1.68B1.76B1.89B1.82B2.03B2.03B-2.57B2.80B3.62B4.08B
Current Assets ---------------1.50B1.43B2.03B1.90B
Cash & Equivalents 145.50M122.10M124.30M160.00M45.00M51.80M38.00M37.50M38.90M50.20M68.20M46.30M37.30M123.90M-52.60M60.70M415.10M34.20M
Inventory ---------------753.00M699.10M853.00M1.15B
Receivables ---------------608.50M594.60M661.10M578.80M
Total Liabilities --939.50M1.10B1.24B1.19B1.14B1.76B1.58B1.72B1.84B1.97B2.21B2.05B-2.77B2.51B2.66B2.92B
Current Liabilities --593.80M615.60M577.10M600.00M714.00M827.30M823.80M888.60M654.50M1.01B1.00B701.30M-1.60B1.01B1.31B1.19B
Long Term Debt ---------------785.90M1.11B793.60M1.09B
Total Debt ---------------1.75B1.53B1.49B1.77B
Total Equity 808.50M458.60M604.40M590.90M469.00M498.30M485.70M9.00M101.60M38.00M50.10M-149.60M-170.20M-17.10M--203.10M285.30M962.10M1.16B
Shares Outstanding ---------------87.17M87.17M87.17M87.17M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 183.20M225.50M185.80M76.20M221.40M210.30M184.80M353.60M373.90M325.10M495.50M396.10M612.40M-302.30M736.20M945.70M757.60M
Investing Cash Flow -66.50M-14.00M-61.40M-177.80M-40.40M-67.30M-87.30M-69.80M-84.10M-98.10M30.50M15.90M-79.70M--103.00M-319.70M-174.40M-655.60M
Financing Cash Flow -132.00M-211.70M-93.50M-11.90M-180.10M-150.20M-89.50M-271.10M-274.60M-218.30M-537.80M-423.40M-441.80M--174.10M-406.20M-418.60M-465.70M
Capital Expenditure -62.10M-58.80M-43.10M-41.40M-50.20M-78.30M-88.40M-69.90M-84.30M-98.30M-95.20M-105.60M-78.50M--101.10M-250.20M-163.60M-118.80M
Free Cash Flow 121.10M166.70M142.70M34.80M171.20M132.00M96.40M283.70M289.60M226.80M400.30M290.50M533.90M-201.20M486.00M782.10M638.80M
Net Change in Cash --------------25.20M10.30M352.70M-363.70M
Share Buybacks 323.80M5.60M153.70M119.70M50.10M125.00M550.30M0300.00M250.00M450.20M400.00M100.00M600.00M300.00M053.60M482.30M

Ratios (Annual)

Figures in %.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % --------29.6%29.3%28.6%28.4%28.6%-27.2%31.1%33.3%33.4%
Operating Margin % --------11.8%12.9%13.1%17.3%13.2%-14.0%17.0%19.6%20.3%
Net Margin % --------7.6%8.0%9.2%10.7%9.8%-10.5%11.9%15.2%15.5%
ROE % 26.8%8.5%19.7%18.8%18.1%35.4%2,286.7%183.7%731.1%610.2%-240.0%-240.1%-2,083.6%--244.8%207.2%84.3%69.3%
ROCE % -11.5%19.0%16.3%20.1%31.7%35.7%35.8%49.3%40.0%63.1%63.6%35.9%-67.8%47.4%45.4%36.4%

Shareholding Pattern

Insiders
9.56%
Institutions
79.45%
Public Float
87.85%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 8.54% 2.97M $1.49B
2 Capital International Investors 8.23% 2.86M $1.44B
3 Vanguard Capital Management LLC 5.90% 2.05M $1.03B
4 Viking Global Investors, L.P. 4.52% 1.57M $789.61M
5 State Street Corporation 4.13% 1.44M $721.81M
6 Vanguard Portfolio Management LLC 4.12% 1.43M $719.41M
7 Morgan Stanley 3.13% 1.09M $546.96M
8 Geode Capital Management, LLC 2.59% 900.18K $452.03M
9 Kayne Anderson Rudnick Investment Management LLC 2.51% 875.17K $439.47M
10 Citadel Advisors Llc 1.85% 644.63K $323.71M

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