LII
LENNOX INTERNATIONAL INC
Next earnings Jul 21, 2026 (before open) · consensus $7.65 EPS, $1.57B rev
Last earnings +4.5% on 2026-04-29
$570.03
▲ +0.21%$570.03▲ +1.49%
over 1Y
L $436.59H $659.20
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.2%
1W-0.1%
1M+10.4%
3M+25.4%
YTD+14.6%
1Y+1.5%
Hold
Conviction
Horizon
Long (>12mo)
Street · 25 analysts
Hold
Best-in-class HVAC franchise with 20% margins and 69% ROE, but revenue dipped and 23.4x P/E prices in the quality.
Revenue $5.20B · FY2025
The read
Middling fundamentals and a rich price (~66% above fair value) leave little margin of safety — a wait-and-see.
Lennox is a high-quality HVACR franchise anchored in replacement demand, which the 10-K notes is a substantial portion of both segments and is far more stable than new-construction. That durability shows in the profitability: FY2025 operating margin held at 20.0% and net margin at 15.5%, with a striking 69.3% return on equity. Even as revenue slipped 2.7% to $5.20B, operating income was essentially flat (+0.1%) at $1.04B and diluted EPS edged up 0.6% to $22.79, helped by buybacks that cut shares 2.2%.
The FY2025 figures mark a pause after years of steady growth (revenue rose every year from $4.19B in FY2021 to $5.34B in FY2024 before the dip). Management is leaning on capital returns and tuck-in M&A — $482M of buybacks (up nearly 8x), $173M of dividends, and the October 2025 acquisitions of Duro Dyne and Supco to deepen the HVAC parts and supplies portfolio. The business is asset-light enough to generate $758M of operating cash flow against just $119M of capex, though cash on hand fell to $34.2M as that cash went to repurchases, dividends and deals.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:43 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $4.19B | $4.72B | $4.98B | $5.34B | $5.20B |
| Gross profit | $1.19B | $1.28B | $1.55B | $1.78B | $1.73B |
| Operating income | $590M | $656M | $792M | $1.04B | $1.04B |
| Net income | $464M | $497M | $591M | $811M | $806M |
| Diluted EPS | $12.39 | $13.88 | $16.58 | $22.66 | $22.79 |
| Net margin | 11.1% | 10.5% | 11.9% | 15.2% | 15.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$19.8B
EV / EBITDA17.2
EV / Sales3.8
EV / FCF31.0
P / FCF31.1
PEG (trailing)—
Earnings yield4.1%
FCF yield3.2%
Quality & risk
ROIC (est.)69.6%
Free cash flow$639M
Total debt$18.3M
Net cash$15.9M
Altman Z-Score8.08 safe
Piotroski F-Score5/8
Capital returns
Buyback yield2.4%
Dividend yield (est.)0.9%
Shareholder yield3.3%
Shares Δ YoY-2.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-05-282026-05-29open ↗4Period ending 2026-05-262026-05-28open ↗8-KPeriod ending 2026-05-212026-05-28open ↗SDFiling2026-05-27open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗4Period ending 2026-05-212026-05-26open ↗
Frequently asked
- Is LENNOX INTERNATIONAL INC (LII) a buy?
- LII currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Best-in-class HVAC franchise with 20% margins and 69% ROE, but revenue dipped and 23.4x P/E prices in the quality.
- What is LII's fair value?
- A Modified-Graham model based on LII's SEC fundamentals estimates a fair value of about $191.78. It is an estimate from reported earnings, not a price target.
- Is LII overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, LII currently appears overvalued relative to its SEC-grounded earnings power.
- What is LENNOX INTERNATIONAL INC's quality score?
- LII scores 64.32351019506659/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001069202, latest 10-Q filed 2026-04-29) · EODHD · Proprietary analysis · as of 6/21/2026, 8:43:03 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.