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, applied systems, 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.2B | $1.2B | $806M | $639M | 69.3% | -2.7% | -0.7% |
| 2024 | $5.3B | $1.1B | $811M | $782M | 84.3% | 7.2% | 37.2% |
| 2023 | $5.0B | $881M | $591M | $486M | 207.2% | 5.6% | 18.9% |
| 2022 | $4.7B | $734M | $497M | $201M | -244.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 4,718.40 | 4,981.90 | 5,341.30 | 5,195.30 |
| Cost Of Revenue | - | 3,433.70 | 3,432.70 | 3,563.80 | 3,460.50 |
| Gross Profit | - | 1,284.70 | 1,549.20 | 1,777.50 | 1,734.80 |
| Operating Expense | - | 626.20 | 703.90 | 731.10 | 681.60 |
| Selling General And Administration | - | 627.20 | 705.50 | 730.60 | 681.40 |
| Total Expenses | - | 4,059.90 | 4,136.60 | 4,294.90 | 4,142.10 |
| Operating Income | - | 658.50 | 845.30 | 1,046.40 | 1,053.20 |
| Total Operating Income As Reported | - | 656.20 | 791.50 | 1,040.40 | 1,041.50 |
| EBITDA | - | 733.50 | 880.90 | 1,138.60 | 1,155.70 |
| Normalized EBITDA | - | 741.50 | 943.90 | 1,152.50 | 1,173.40 |
| EBIT | - | 655.60 | 794.90 | 1,043.50 | 1,043.20 |
| Interest Income | - | 1.10 | 4.30 | 5.40 | 5.50 |
| Interest Expense | - | 39.80 | 56 | 44.10 | 46.40 |
| Net Interest Income | - | -38.70 | -51.70 | -38.70 | -40.90 |
| Other Non Operating Income Expenses | - | -1.10 | -0.20 | -2.30 | -3.80 |
| Other Income Expense | - | -4 | -54.70 | -8.30 | -15.50 |
| Interest Income Non Operating | - | 1.10 | 4.30 | 5.40 | 5.50 |
| Interest Expense Non Operating | - | 39.80 | 56 | 44.10 | 46.40 |
| Net Non Operating Interest Income Expense | - | -38.70 | -51.70 | -38.70 | -40.90 |
| Pretax Income | - | 615.80 | 738.90 | 999.40 | 996.80 |
| Tax Provision | - | 118.70 | 147.70 | 188.30 | 191 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -1.54 | -12.59 | -2.62 | -3.40 |
| Net Income Continuous Operations | - | 497.10 | 591.20 | 811.10 | 805.80 |
| Net Income From Continuing And Discontinued Operation | - | 497.10 | 591.20 | 811.10 | 805.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 497.10 | 591.20 | 811.10 | 805.80 |
| Net Income | - | 497.10 | 591.20 | 811.10 | 805.80 |
| Net Income Common Stockholders | - | 497.10 | 591.20 | 811.10 | 805.80 |
| Net Income Including Noncontrolling Interests | - | 497.10 | 591.20 | 811.10 | 805.80 |
| Normalized Income | - | 503.56 | 641.61 | 822.38 | 820.10 |
| Diluted NI Availto Com Stockholders | - | 497.10 | 591.20 | 811.10 | 805.80 |
| Basic Average Shares | - | 35.70 | 35.50 | 35.60 | 35.20 |
| Diluted Average Shares | - | 35.80 | 35.70 | 35.80 | 35.40 |
| Reconciled Depreciation | - | 77.90 | 86 | 95.10 | 112.50 |
| Reconciled Cost Of Revenue | - | 3,433.70 | 3,432.70 | 3,563.80 | 3,460.50 |
| Total Unusual Items | - | -8 | -63 | -13.90 | -17.70 |
| Total Unusual Items Excluding Goodwill | - | -8 | -63 | -13.90 | -17.70 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | -8.80 | -67.30 | -6.20 | -28.20 |
| Gain On Sale Of Business | - | 0 | 14.10 | -1.50 | 0.90 |
| Other Special Charges | - | 8.30 | 15.60 | 6.80 | 10.90 |
| Write Off | - | 0 | 63.20 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 1.50 | 3.10 | 0 | 17.10 |
| Gain On Sale Of Security | - | 0.80 | 4.30 | -7.70 | 10.50 |
| General And Administrative Expense | 598.90 | 627.20 | 705.50 | - | - |
| Other Gand A | 598.90 | 627.20 | 705.50 | - | - |
| Gain On Sale Of Ppe | - | 1 | 0.50 | 2.10 | -1.10 |
| Other Operating Expenses | - | -1 | -1.60 | 0.50 | 0.20 |
| Earnings From Equity Interest | - | 5.10 | 8.50 | 7.90 | 6 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Lennox International Inc.this co. | LII | $18.0B | 22.37β discount | 15.50 | 69.3% | 17.10 |
| Equifax Inc. | EFX | $20.6B | 31.24 | 4.48 | 14.3% | 13.92 |
| Southwest Airlines Co. | LUV | $20.2B | 45.79 | 2.53 | 5.5% | 10.26 |
| Snap-on Incorporated | SNA | $19.6B | 19.30 | 3.31 | 17.1% | 12.99 |
| Global Payments Inc. | GPN | $18.5B |
| - |
| - |
| - |
| - |
| - |
| - |
| 13.25 |
| 0.81 |
| 6.1% |
| 9.65 |
| Generac Holdings Inc. | GNRC | $16.4B | 102.62 | 6.22 | 6.1% | 37.73 |
| IDEX Corporation | IEX | $16.0B | 33.13 | 3.97 | 12.0% | 19.12 |
| Nordson Corporation | NDSN | $16.0B | 32.95 | 5.24 | 15.9% | 21.06 |
| Textron Inc. | TXT | $15.8B | 17.20 | 2.01 | 11.7% | 10.63 |
| Peer Median | - | 32.09 | 3.64 | 11.8% | 13.46 | |