Lennox International IncLennox International Inc
Lennox International Inc

Lennox International Inc

LII
Industrials·Building Products

Lennox International, Inc. engages in the design, manufacture, and marketing of products for heating, ventilation, air conditioning, and refrigeration. It operates through the following segments: Home Comfort Solutions, Building Climate Solutions, and Corporate and Other. The Home Comfort Solutions segment is involved in furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, replacement parts, and supplies. The Building Climate Solutions segment consists of unitary heating and air conditioning equipment, applied systems, controls, installation and service of commercial heating and cooling equipment, variable refrigerant flow commercial products, curb, curb adapters, drop box diffusers, HVAC recycling and salvage service, condensing units, unit coolers, fluid coolers, air cooled condensers, air handlers, process chillers, controls, and compressor racks. The Corporate and Other segment refers to the unitary heating and air conditioning equipment, chillers, air handlers, fan coils, fluid coolers, and compressor racks. The company was founded by Dave Lennox in 1895 and is headquartered in Richardson, TX.

Texas; U.S.A
Market cap
No dataNo data
Revenue
$5.2B−2.7% YoY
Net income
$805.8M−0.1% YoY
Free cash flow
$638.8M−18.3% YoY

Market

Listed stock
LIIPriceNYSE
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Financial performance

Revenue
$5.2B−2.7% YoY
Operating income
$1B+0.6% YoY
Net income
$805.8M−0.1% YoY
Free cash flow
$638.8M−18.3% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $4.2B, 2022 $4.7B, 2023 $5B, 2024 $5.3B, 2025 $5.2B. Operating income: 2021 $590.3M, 2022 $656.2M, 2023 $790.1M, 2024 $1B, 2025 $1B. Net income: 2021 $464M, 2022 $497.1M, 2023 $590.1M, 2024 $806.9M, 2025 $805.8M. Free cash flow: 2021 $408.7M, 2022 $201.2M, 2023 $486M, 2024 $782.1M, 2025 $638.8M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-2.7%−995 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $590.3M, 2022-12-31 $656.2M, 2023-12-31 $790.1M, 2024-12-31 $1B, 2025-12-31 $1B. Net income: 2021-12-31 $464M, 2022-12-31 $497.1M, 2023-12-31 $590.1M, 2024-12-31 $806.9M, 2025-12-31 $805.8M. Free cash flow: 2021-12-31 $408.7M, 2022-12-31 $201.2M, 2023-12-31 $486M, 2024-12-31 $782.1M, 2025-12-31 $638.8M

Growth heatmap

2022202320242025CAGR
Revenue
+12.5%
+5.6%
+7.2%
-2.7%
+5.5%
Gross profit
+8.1%
+20.5%
+14.5%
-2.1%
+9.9%
Operating income
+11.2%
+20.4%
+31.0%
+0.6%
+15.3%
Free cash flow
-50.8%
+141.6%
+60.9%
-18.3%
+11.8%

Earnings quality

Operating cash flow
$757.6M−19.9% YoY
Net income
$805.8M−0.1% YoY
Free cash flow
$638.8M−18.3% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 94%, 2024-12-31 117%, 2023-12-31 125%, 2022-12-31 61%, 2021-12-31 111%. Free cash flow: 2025-12-31 79%, 2024-12-31 97%, 2023-12-31 82%, 2022-12-31 40%, 2021-12-31 88%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
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