Lennox International Inc. (LII) Income Statement
LII 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsLII revenue and net income
Where LII's revenue goes
2025Each bar shows an amount and its share of revenue. LII kept 15.5% of revenue as net income.
LII profit margins
LII growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −2.7% | +3.3% | +7.4% | +4.1% |
| Gross profit | −2.1% | +10.5% | +10.8% | +6.2% |
| Operating income | +0.6% | +16.6% | +16.8% | +13.1% |
| Net income | −0.1% | +17.5% | +17.7% | +15.8% |
| EPS (diluted) | +0.2% | +17.1% | +17.9% | +16.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LII quarterly EPS vs estimates
Lennox beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $7.31).
LII income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.20B | $5.34B | $4.98B | $4.72B | $4.19B | $3.63B | $3.81B | $3.88B | $3.84B | $3.64B |
| Cost of revenue | $3.46B | $3.57B | $3.43B | $3.43B | $3.01B | $2.59B | $2.73B | $2.77B | $2.71B | $2.57B |
| Gross profit | $1.73B | $1.77B | $1.55B | $1.28B | $1.19B | $1.04B | $1.08B | $1.11B | $1.13B | $1.08B |
| Research & development | $103.4M | — | $94.0M | $80.3M | $76.1M | $66.8M | $69.9M | $72.2M | $73.6M | $64.6M |
| Sales, general & admin | $625.2M | $730.6M | $682.7M | $627.2M | $598.9M | $555.9M | $585.9M | $608.2M | $637.7M | $621.0M |
| Total operating expenses | $693.3M | $737.1M | $705.5M | $628.5M | $598.1M | $561.6M | $422.9M | $601.3M | $630.7M | $647.1M |
| Operating income | $1.04B | $1.03B | $790.1M | $656.2M | $590.3M | $478.5M | $656.9M | $509.9M | $494.5M | $429.4M |
| Interest income | $40.9M | $5.4M | $4.3M | $38.7M | $25.0M | $28.3M | $1.1M | $800,000 | $1.5M | $1.1M |
| Interest expense | $40.9M | $44.1M | $51.7M | $39.8M | $26.0M | $29.7M | $48.6M | $39.1M | $32.1M | $28.1M |
| Income before taxes | $996.8M | $993.8M | $737.5M | $615.8M | $560.1M | $445.2M | $507.9M | $467.9M | $464.0M | $402.7M |
| Income taxes | $191.0M | $186.9M | $147.4M | $118.7M | $96.1M | $88.1M | $99.1M | $107.6M | $156.9M | $124.1M |
| Net income | $805.8M | $806.9M | $590.1M | $497.1M | $464.0M | $356.3M | $408.7M | $359.0M | $305.7M | $277.8M |
| EBITDA | $1.15B | $1.13B | $790.1M | $733.5M | $658.5M | $547.5M | $627.6M | $573.0M | $560.7M | $488.9M |
| EPS (diluted) | $22.62 | $22.58 | $17.98 | $14.09 | $12.59 | $9.95 | $11.21 | $9.45 | $7.94 | $6.96 |
| Gross margin | 33.4% | 33.2% | 31.1% | 27.2% | 28.3% | 28.6% | 28.4% | 28.6% | 29.3% | 29.6% |
| Operating margin | 20.0% | 19.4% | 15.9% | 13.9% | 14.1% | 13.2% | 17.3% | 13.1% | 12.9% | 11.8% |
| Net margin | 15.5% | 15.1% | 11.8% | 10.5% | 11.1% | 9.8% | 10.7% | 9.2% | 8.0% | 7.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.14B | $1.20B | $1.43B | $1.50B | $1.07B | $1.34B | $1.50B | $1.45B | $1.05B | $1.15B | $1.37B |
| Cost of revenue | $1.01B | $783.8M | $805.7M | $951.8M | $978.4M | $744.1M | $889.7M | $1.01B | $962.9M | $707.1M | $800.0M | $937.8M |
| Gross profit | $539.5M | $351.3M | $389.3M | $475.0M | $522.5M | $328.5M | $455.3M | $488.4M | $488.2M | $340.0M | $354.8M | $428.5M |
| Research & development | — | — | — | — | — | — | $93.6M | — | — | — | $94.0M | — |
| Sales, general & admin | $183.1M | $185.2M | $175.2M | $161.6M | $173.3M | $171.3M | $134.1M | $184.4M | $169.1M | $170.7M | $177.9M | $178.9M |
| Total operating expenses | $185.5M | $185.2M | $193.5M | $164.8M | $168.5M | $172.9M | $210.7M | $185.1M | $168.1M | $173.2M | $169.5M | $241.7M |
| Operating income | $355.0M | $166.1M | $195.8M | $310.2M | $354.0M | $155.6M | $244.6M | $303.3M | $320.1M | $166.8M | $185.3M | $186.8M |
| Interest income | — | — | $15.9M | $10.5M | $8.3M | $6.2M | $5.5M | $8.9M | — | — | — | $11.2M |
| Interest expense | $14.7M | $15.2M | $15.9M | $10.5M | $8.3M | $6.2M | $5.5M | $8.9M | $12.5M | $11.8M | $15.6M | $11.2M |
| Income before taxes | $339.6M | $146.9M | $178.7M | $298.8M | $345.0M | $148.4M | $238.7M | $293.9M | $307.0M | $154.2M | $173.4M | $175.2M |
| Income taxes | $70.6M | $29.7M | $36.2M | $53.0M | $67.4M | $28.1M | $41.0M | $54.9M | $61.1M | $29.9M | $28.9M | $44.8M |
| Net income | $269.0M | $117.2M | $142.5M | $245.8M | $277.6M | $120.3M | $197.7M | $239.0M | $245.9M | $124.3M | $144.5M | $130.4M |
| EBITDA | $387.6M | $191.3M | $227.7M | $336.3M | $380.1M | $180.2M | $275.1M | $323.2M | $344.7M | $190.0M | $213.0M | $207.9M |
| EPS (diluted) | $7.72 | $3.35 | $4.45 | $6.98 | $7.82 | $3.37 | $5.60 | $6.68 | $6.83 | $3.47 | $3.63 | $5.37 |
| Gross margin | 34.9% | 30.9% | 32.6% | 33.3% | 34.8% | 30.6% | 33.9% | 32.6% | 33.6% | 32.5% | 30.7% | 31.4% |
| Operating margin | 23.0% | 14.6% | 16.4% | 21.7% | 23.6% | 14.5% | 18.2% | 20.2% | 22.1% | 15.9% | 16.0% | 13.7% |
| Net margin | 17.4% | 10.3% | 11.9% | 17.2% | 18.5% | 11.2% | 14.7% | 16.0% | 16.9% | 11.9% | 12.5% | 9.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LII's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LII financial results
In fiscal year 2025 (ended December 31, 2025), Lennox reported revenue of $5.2 billion, down 2.7% from the year before. It had net income of $805.8 million (down 0.1%), a net profit margin of 15.5%. Diluted earnings per share came to $22.62. Over five years revenue grew at an average rate of 7.4% a year.
See the LII stock overview for the latest quote and news, or the LII chart for price history and technical indicators.
LII income statement FAQ
What is Lennox's annual revenue?
Lennox reported total revenue of $5.2 billion for fiscal year 2025, which ended on December 31, 2025. That was down 2.7% from $5.3 billion the previous year.
Is Lennox profitable?
Yes. Lennox reported net income of $805.8 million in fiscal 2025, a net profit margin of 15.5%; its operating margin was 20.0%.
What is Lennox's gross margin?
Lennox's gross margin was 33.4% in fiscal 2025: for every $100 of revenue, Lennox kept $33 after the direct cost of its products and services.
How much does Lennox spend on research and development?
Lennox spent $103.4 million on research and development in fiscal 2025, 2.0% of revenue.
How fast is Lennox growing?
Revenue grew 7.4% a year on average over the last five fiscal years, from $3.6 billion to $5.2 billion.
What are Lennox's earnings per share?
Lennox earned $22.62 per diluted share in fiscal 2025, compared with $22.58 a year earlier.
When will Lennox report its next earnings?
Lennox is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does Lennox's fiscal year end?
Lennox's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.