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Lennox International

LII Clue Score61
United States Fiscal year ends December CIK 0001069202
$356.44 -1.41% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $356.44 +20.68% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue3,641.6Operating income429.4Net income277.8EPS, diluted6.32Fiscal year 2017Revenue3,839.6 +5.4%Operating income494.5Net income305.7 +10.0%EPS, diluted7.14 +13.0%Fiscal year 2018Revenue3,883.9 +1.2%Operating income509.9Net income359.0 +17.4%EPS, diluted8.74 +22.4%Fiscal year 2019Revenue3,807.2 −2.0%Operating income656.9Net income408.7 +13.8%EPS, diluted10.38 +18.8%Fiscal year 2020Revenue3,634.1 −4.5%Operating income478.5Net income356.3 −12.8%EPS, diluted9.24 −11.0%Fiscal year 2021Revenue4,194.1 +15.4%Operating income590.3Net income464.0 +30.2%EPS, diluted12.39 +34.1%Fiscal year 2022Revenue4,718.4 +12.5%Operating income656.2Net income497.1 +7.1%EPS, diluted13.88 +12.0%Fiscal year 2023Revenue4,981.9 +5.6%Operating income791.5Net income591.2 +18.9%EPS, diluted16.58 +19.5%Fiscal year 2024Revenue5,341.3 +7.2%Operating income1,040.4Net income811.1 +37.2%EPS, diluted22.66 +36.7%Fiscal year 2025Revenue5,195.3 −2.7%Operating income1,041.5Net income805.8 −0.7%EPS, diluted22.79 +0.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 3,641.6 3,839.6 3,883.9 3,807.2 3,634.1 4,194.1 4,718.4 4,981.9 5,341.3 5,195.3
Growth +5.4% +1.2% −2.0% −4.5% +15.4% +12.5% +5.6% +7.2% −2.7%
Operating income 429.4 494.5 509.9 656.9 478.5 590.3 656.2 791.5 1,040.4 1,041.5
Net income 277.8 305.7 359.0 408.7 356.3 464.0 497.1 591.2 811.1 805.8
Growth +10.0% +17.4% +13.8% −12.8% +30.2% +7.1% +18.9% +37.2% −0.7%
EPS, diluted 6.32 7.14 8.74 10.38 9.24 12.39 13.88 16.58 22.66 22.79
Growth +13.0% +22.4% +18.8% −11.0% +34.1% +12.0% +19.5% +36.7% +0.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin29.6%Operating margin11.8%Net margin7.6%Free cash flow margin8.0%Fiscal year 2017Gross margin29.3%Operating margin12.9%Net margin8.0%Free cash flow margin5.9%Fiscal year 2018Gross margin28.6%Operating margin13.1%Net margin9.2%Free cash flow margin10.3%Fiscal year 2019Gross margin28.4%Operating margin17.3%Net margin10.7%Free cash flow margin7.6%Fiscal year 2020Gross margin28.6%Operating margin13.2%Net margin9.8%Free cash flow margin14.7%Fiscal year 2021Gross margin28.3%Operating margin14.1%Net margin11.1%Free cash flow margin9.7%Fiscal year 2022Gross margin27.2%Operating margin13.9%Net margin10.5%Free cash flow margin4.3%Fiscal year 2023Gross margin31.1%Operating margin15.9%Net margin11.9%Free cash flow margin9.8%Fiscal year 2024Gross margin33.3%Operating margin19.5%Net margin15.2%Free cash flow margin14.6%Fiscal year 2025Gross margin33.4%Operating margin20.0%Net margin15.5%Free cash flow margin12.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 29.6% 29.3% 28.6% 28.4% 28.6% 28.3% 27.2% 31.1% 33.3% 33.4%
Operating margin 11.8% 12.9% 13.1% 17.3% 13.2% 14.1% 13.9% 15.9% 19.5% 20.0%
Net margin 7.6% 8.0% 9.2% 10.7% 9.8% 11.1% 10.5% 11.9% 15.2% 15.5%
Free cash flow margin 8.0% 5.9% 10.3% 7.6% 14.7% 9.7% 4.3% 9.8% 14.6% 12.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow373.9Capital expenditure−84.3Free cash flow289.6Buybacks−300.0Dividends paid−69.0Fiscal year 2017Operating cash flow325.1Capital expenditure−98.3Free cash flow226.8 −21.7%Buybacks−250.0Dividends paid−79.7Fiscal year 2018Operating cash flow495.5Capital expenditure−95.2Free cash flow400.3 +76.5%Buybacks−450.2Dividends paid−93.9Fiscal year 2019Operating cash flow396.1Capital expenditure−105.6Free cash flow290.5 −27.4%Buybacks−400.0Dividends paid−110.5Fiscal year 2020Operating cash flow612.4Capital expenditure−78.5Free cash flow533.9 +83.8%Buybacks−100.0Dividends paid−118.1Fiscal year 2021Operating cash flow515.5Capital expenditure−106.8Free cash flow408.7 −23.5%Buybacks−600.0Dividends paid−126.5Fiscal year 2022Operating cash flow302.3Capital expenditure−101.1Free cash flow201.2 −50.8%Buybacks−300.0Dividends paid−142.0Fiscal year 2023Operating cash flow736.2Capital expenditure−250.2Free cash flow486.0 +141.6%Buybacks0.0Dividends paid−153.4Fiscal year 2024Operating cash flow945.7Capital expenditure−163.6Free cash flow782.1 +60.9%Buybacks−53.6Dividends paid−160.3Fiscal year 2025Operating cash flow757.6Capital expenditure−118.8Free cash flow638.8 −18.3%Buybacks−482.3Dividends paid−173.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 373.9 325.1 495.5 396.1 612.4 515.5 302.3 736.2 945.7 757.6
Capital expenditure −84.3 −98.3 −95.2 −105.6 −78.5 −106.8 −101.1 −250.2 −163.6 −118.8
Free cash flow 289.6 226.8 400.3 290.5 533.9 408.7 201.2 486.0 782.1 638.8
Growth −21.7% +76.5% −27.4% +83.8% −23.5% −50.8% +141.6% +60.9% −18.3%
Buybacks −300.0 −250.0 −450.2 −400.0 −100.0 −600.0 −300.0 0.0 −53.6 −482.3
Dividends paid −69.0 −79.7 −93.9 −110.5 −118.1 −126.5 −142.0 −153.4 −160.3 −173.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash50.2Total debt200.1Net cash (debt)−149.9Shareholders’ equity38.0Debt to equity5.27Fiscal year 2017Cash68.2Total debt32.6Net cash (debt)35.6Shareholders’ equity50.1Debt to equity0.65Fiscal year 2018Cash46.3Total debt300.8Net cash (debt)−254.5Shareholders’ equity−149.6Fiscal year 2019Cash37.3Total debt321.9Net cash (debt)−284.6Shareholders’ equity−170.2Fiscal year 2020Cash123.9Total debt9.9Net cash (debt)114.0Shareholders’ equity−17.1Fiscal year 2021Cash31.0Total debt11.3Net cash (debt)19.7Shareholders’ equity−269.0Fiscal year 2022Cash52.6Total debt710.6Net cash (debt)−658.0Shareholders’ equity−203.1Fiscal year 2023Cash60.7Total debt12.1Net cash (debt)48.6Shareholders’ equity393.0Debt to equity0.03Fiscal year 2024Cash415.1Total debt314.5Net cash (debt)100.6Shareholders’ equity962.1Debt to equity0.33Fiscal year 2025Cash34.2Total debt18.3Net cash (debt)15.9Shareholders’ equity1,163.1Debt to equity0.02
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 50.2 68.2 46.3 37.3 123.9 31.0 52.6 60.7 415.1 34.2
Total debt 200.1 32.6 300.8 321.9 9.9 11.3 710.6 12.1 314.5 18.3
Net cash (debt) −149.9 35.6 −254.5 −284.6 114.0 19.7 −658.0 48.6 100.6 15.9
Shareholders’ equity 38.0 50.1 −149.6 −170.2 −17.1 −269.0 −203.1 393.0 962.1 1,163.1
Debt to equity 5.27 0.65 n/a n/a n/a n/a n/a 0.03 0.33 0.02

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Cash flow

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Operations
373.9 325.1 495.5 396.1 612.4 515.5 302.3 736.2 945.7 757.6
Growth −13.1% +52.4% −20.1% +54.6% −15.8% −41.4% +143.5% +28.5% −19.9%
Investment
−84.3 −98.3 −95.2 −105.6 −78.5 −106.8 −101.1 −250.2 −163.6 −118.8
calc 289.6 226.8 400.3 290.5 533.9 408.7 201.2 486.0 782.1 638.8
Growth −21.7% +76.5% −27.4% +83.8% −23.5% −50.8% +141.6% +60.9% −18.3%
calc 6.58 5.30 9.74 7.37 13.83 10.90 5.62 13.61 21.85 18.05
−84.1 −98.1 30.5 15.9 −79.7 −106.4 −103.0 −319.7 −174.4 −655.6
Financing
−274.6 −218.3 −537.8 −423.4 −441.8 −498.7 −174.1 −406.2 −418.6 −465.7
−69.0 −79.7 −93.9 −110.5 −118.1 −126.5 −142.0 −153.4 −160.3 −173.0
−300.0 −250.0 −450.2 −400.0 −100.0 −600.0 −300.0 0.0 −53.6 −482.3

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.