Lennox International income statement
In fiscal 2025, Lennox International reported revenue of $5.20bn, down 2.7% on the year before, operating income of $1.04bn (a 20.0% margin) and net income of $806m, or $22.79 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,848 | 2,585 | 2,841 | 2,949 | 3,199 | 3,367 | 3,467 | 3,642 | 3,840 | 3,884 | 3,807 | 3,634 | 4,194 | 4,718 | 4,982 | 5,341 | 5,195 | 5,448 |
| Cost of revenue | 2,059 | 1,884 | 2,171 | 2,227 | 2,338 | 2,464 | 2,520 | 2,565 | 2,714 | 2,773 | 2,727 | 2,594 | 3,006 | 3,434 | 3,433 | 3,564 | 3,461 | 3,671 |
| Gross profit | 788 | 701 | 670 | 722 | 861 | 903 | 947 | 1,077 | 1,125 | 1,111 | 1,080 | 1,040 | 1,188 | 1,285 | 1,549 | 1,778 | 1,735 | 1,777 |
| Research and development | 49 | 50 | 50 | 51 | 54 | 61 | 62 | 65 | 74 | 72 | 70 | 67 | 76 | 80 | 94 | 94 | 103 | — |
| Selling, general and administrative | 645 | 492 | 477 | 507 | 570 | 574 | 581 | 621 | 638 | 608 | 586 | 556 | 599 | 627 | 706 | 731 | 681 | 721 |
| Operating income | 109 | 205 | 184 | 219 | 289 | 335 | 305 | 429 | 495 | 510 | 657 | 479 | 590 | 656 | 792 | 1,040 | 1,042 | 1,026 |
| Interest expense | 8 | 13 | 17 | 17 | 15 | 17 | 24 | 27 | 31 | 38 | 48 | 28 | 25 | 39 | 52 | 39 | 41 | 63 |
| Income before tax | — | 191 | 167 | 202 | 274 | 318 | 283 | 403 | 464 | 468 | 508 | 445 | 560 | 616 | 739 | 999 | 997 | 959 |
| Income tax | 39 | 65 | 56 | 67 | 94 | 110 | 95 | 124 | 157 | 108 | 99 | 88 | 96 | 119 | 148 | 188 | 191 | 209 |
| Net income | 51 | 116 | 88 | 90 | 172 | 206 | 187 | 278 | 306 | 359 | 409 | 356 | 464 | 497 | 591 | 811 | 806 | 750 |
| Diluted EPS | $0.90 | $2.08 | $1.65 | $1.75 | $3.39 | $4.23 | $4.09 | $6.32 | $7.14 | $8.74 | $10.38 | $9.24 | $12.39 | $13.88 | $16.58 | $22.66 | $22.79 | $21.50 |
| Diluted shares (average) | 57m | 56m | 53m | 51m | 51m | 49m | 46m | 44m | 43m | 41m | 39m | 39m | 38m | 36m | 36m | 36m | 35m | 35m |
| EBITDA | 162 | 253 | 241 | 275 | 348 | 396 | 368 | 488 | 559 | 576 | 728 | 551 | 663 | 734 | 878 | 1,136 | 1,154 | 1,156 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,345 | 1,073 | 1,501 | 1,427 | 1,195 | 1,135 | 1,545 | 1,573 |
| Cost of revenue | 884 | 732 | 983 | 940 | 806 | 784 | 1,006 | 1,075 |
| Gross profit | 461 | 341 | 518 | 487 | 389 | 351 | 540 | 497 |
| Selling, general and administrative | 207 | 171 | 173 | 162 | 175 | 185 | 183 | 177 |
| Operating income | 250 | 168 | 349 | 329 | 196 | 164 | 355 | 312 |
| Interest expense | 6 | 6 | 8 | 11 | 16 | 15 | 15 | 18 |
| Income before tax | 244 | 161 | 340 | 317 | 179 | 147 | 340 | 293 |
| Income tax | 42 | 31 | 66 | 58 | 36 | 30 | 71 | 72 |
| Net income | 202 | 130 | 274 | 260 | 143 | 117 | 269 | 221 |
| Diluted EPS | $5.64 | $3.63 | $7.71 | $7.38 | $4.07 | $3.35 | $7.72 | $6.41 |
| EBITDA | 276 | 194 | 376 | 356 | 229 | 193 | 388 | 347 |
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