LIINYSEAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig EquipFiscal year ends December 31
LENNOX INTERNATIONAL INC
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$355.78−1.95 (-0.55%)
Close on Oct 19, 2026
- Market cap
- $12.45B
- P/E (TTM)
- 15.8
- Dividend yield
- 1.42%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
33.4%+4.8 pts over 5 years
Operating margin
20.0%+6.9 pts over 5 years
Net margin
15.5%+5.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -2.7% | +3.3% | +7.4% | +4.1% | |
| Gross profit | -2.4% | +10.5% | +10.8% | +6.2% | |
| Operating income | +0.1% | +16.6% | +16.8% | +13.1% | |
| Net income | -0.7% | +17.5% | +17.7% | +15.8% | |
| EPS, diluted | +0.6% | +18.0% | +19.8% | +18.7% | |
| Free cash flow | -18.3% | +47.0% | +3.7% | +8.5% | |
| Dividend per share | +11.0% | +7.2% | +10.4% | +13.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 398.0% | -380.5% | 75.8% | |
| Return on assets | 16.2% | 17.5% | 20.9% | |
| Current ratio | 1.13 | 1.55 | 1.60 | |
| Debt to equity | 22.85 | -57.35 | 1.19 | |
| Net debt to EBITDA | 1.68× | 1.55× | 1.17× | |
| Interest coverage | 15.9× | 16.9× | 25.5× | |
| Inventory turnover | 6.1× | 5.3× | 3.5× | |
| Capex to revenue | 2.3% | 2.2% | 2.3% | |
| Diluted shares | 44M | 39M | 35M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lennox International generated $3.26B from operations and spent $2.93B on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$3.26B
Used
$2.93B
Capital expenditure$740.50M25%Dividends$755.20M26%Share buybacks$1.44B49%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.5%
×Asset turnover1.35×
×Equity multiplier3.62×
=Return on equity, FY202575.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.5% | 1.35× | 3.62× | 75.8% |
| FY2024 | 15.2% | 1.63× | 4.84× | 119.7% |
| FY2023 | 11.9% | 1.81× | 29.01× | 622.6% |
| FY2022 | 10.5% | 1.99× | -10.04× | -210.6% |
| FY2021 | 11.1% | 2.00× | -14.70× | -324.4% |
| FY2020 | 9.8% | 1.79× | -21.72× | -380.5% |
| FY2019 | 10.7% | 1.98× | -12.05× | -255.6% |
| FY2018 | 9.2% | 2.09× | -37.27× | -721.6% |
| FY2017 | 8.0% | 2.10× | 41.45× | 694.0% |
| FY2016 | 7.6% | 2.12× | 24.63× | 398.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$805.80M
- Cash generatingOperating cash flow above zero$757.60M
- Return on assets improvedROA up on the prior year27.6% → 22.3%
- Earnings backed by cashOperating cash flow above net income$757.60M vs $805.80M
- Less leverageLong-term debt to assets fell23.0% → 28.0%
- Better liquidityCurrent ratio rose1.55 → 1.60
- No dilutionShare count did not rise36M → 35M
- Gross margin improvedGross margin up on the prior year33.28% → 33.39%
- More efficientAsset turnover rose1.82 → 1.44