Lennox International (LII) stock
Industrials · Building Products
Lennox International (LII) is a Building Products company in the Industrials sector, headquartered in Richardson, Texas. As of October 23, 2026, LII closed at $376.01, a market capitalization of $13.00 billion, the 470th largest company in the S&P 500. Over the last twelve months it generated $5.30 billion in revenue (+3% year over year) and $738.70 million in free cash flow. The stock trades at 16.6x trailing earnings and 14.6x forward earnings.
- 1-year total return: -23.1% (dividends reinvested)
- 5-year return: +5.1% a year
- 52-week range: $340.32 – $587.27
- Gross margin 33.3%, operating margin 22.9%
- Dividend yield: 1.45%, 16 straight years of increases
- FI Handbook report card: B across 10 metrics
- 79th largest of 83 Industrials stocks in the S&P 500
LII price chart
1Y price change: -24.0% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| LII | +1.4% | -21.9% | -23.1% | +3.4% | +5.1% | +10.9% | +13.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1999.
LII key statistics
- Market cap
- $13.0B
- #470 in S&P 500
- P/E (TTM)
- 16.6x
- Forward P/E
- 14.6x
- EPS (TTM)
- $22.68
- Revenue (TTM)
- $5.3B
- +3%
- Free cash flow
- $738.7M
- Gross margin
- 33.3%
- Operating margin
- 22.9%
- Return on equity
- 71.8%
- Dividend yield
- 1.45%
- 52-week range
- $340.32 – $587.27
- Beta
- 1.16
- Price / sales
- 2.5x
- EV / EBITDA
- 12.8x
- Debt / equity
- 1.56x
- Employees
- 5,400
LII report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth3.0%D
- Gross margin33.3%C
- Operating margin22.9%B
- FCF margin13.9%C
- Return on equity71.8%A
- Net debt / EBITDA1.7xC
- Forward P/E14.6xA
- PEG ratio0.9xA
- Shareholder yield5.2%A
- Share count change / yr-1.7%B
Lennox International financials
Revenue went from $3.6B in fiscal 2016 to $5.2B in fiscal 2025, growing 4.0% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6B | $3.8B | $3.9B | $3.8B | $3.6B | $4.2B | $4.7B | $5.0B | $5.3B | $5.2B |
| Gross profit | $1.1B | $1.1B | $1.1B | $1.1B | $1.0B | $1.2B | $1.3B | $1.5B | $1.8B | $1.7B |
| Operating income | $429.4M | $494.5M | $509.9M | $656.9M | $478.5M | $590.3M | $656.2M | $791.5M | $1.0B | $1.0B |
| Net income | $277.8M | $305.7M | $359.0M | $408.7M | $356.3M | $464.0M | $497.1M | $591.2M | $811.1M | $805.8M |
| EPS (diluted) | $6.32 | $7.14 | $8.74 | $10.38 | $9.24 | $12.39 | $13.88 | $16.58 | $22.66 | $22.79 |
| Free cash flow | $289.6M | $226.8M | $400.3M | $290.5M | $533.9M | $408.7M | $201.2M | $486.0M | $782.1M | $638.8M |
| Buybacks | $300.0M | $250.0M | $450.2M | $400.0M | $100.0M | $600.0M | $300.0M | $0 | $53.6M | $482.3M |
| Dividends paid | $69.0M | $79.7M | $93.9M | $110.5M | $118.1M | $126.5M | $142.0M | $153.4M | $160.3M | $173.0M |
| Diluted shares | 44.0M | 42.8M | 41.1M | 39.4M | 38.6M | 37.5M | 35.8M | 35.7M | 35.8M | 35.4M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into LII?
A reverse DCF asks what growth the current price requires. With an enterprise value of $15.0B and $738.7M of trailing free cash flow, Lennox International needs to grow free cash flow about 10.9% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 3.7% a year over the last five years.
P/E ratio history
Current 16.5x vs. median 28.0x (10th–90th percentile 17.6x–39.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
LII dividend
- Dividend yield
- 1.45%
- Annual dividend
- $5.44
- Years of increases
- 16
- 5-yr dividend growth
- 10.4%
- per year
- Payout ratio
- 23%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
LII analyst price targets
14 analysts' average 12-month target is $442.14 (+18% vs. $376.01). Targets range from $350.00 to $560.00. 22% rate it a buy.
LII earnings
Next report: October 28, 2026. Lennox International has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $1.5B (+3% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 29, 2026 | $7.70 | $7.72 | +0.3% |
| Apr 29, 2026 | $3.18 | $3.35 | +5.3% |
| Jan 28, 2026 | $4.72 | $4.45 | -5.7% |
| Oct 22, 2025 | $6.84 | $6.98 | +2.0% |
| Jul 23, 2025 | $6.87 | $7.82 | +13.9% |
| Apr 23, 2025 | $3.25 | $3.37 | +3.6% |
| Jan 29, 2025 | $4.24 | $5.60 | +32.0% |
| Oct 23, 2024 | $6.01 | $6.68 | +11.1% |
Stocks like LII
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|---|---|---|---|---|---|
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LII news
- Lennox International (LII) Earnings Expected to Grow: What to Know Ahead of Next Week's Release · Oct 21, 2026
- This Stock Is a Patient Investor’s Dream Buy at New 52-Week Lows · Oct 14, 2026
- Lennox and Everyday Electric Partner to Bring Comfort-First Savings to Lennox Smart Thermostats · Oct 14, 2026
- What to Expect From Lennox International's Next Quarterly Earnings Report · Oct 12, 2026
- Lennox Schedules Third Quarter Results · Oct 8, 2026
LII stock FAQ
What is LII's market cap?
Lennox International's market capitalization is $13.00 billion as of October 23, 2026, ranking 470th in the S&P 500.
What is LII's P/E ratio?
LII trades at a trailing price-to-earnings ratio of 16.6x and a forward P/E of 14.6x. Its median P/E over the period we track is 28.0x.
Does LII pay a dividend?
Yes. Lennox International pays $5.44 per share a year, a 1.45% yield. It has raised its dividend 16 years in a row. Dividends grew 10.4% a year over the last five years.
How much has LII stock returned?
Including reinvested dividends, LII returned -23.1% over one year, +5.1% a year over five years, +10.9% a year over ten years through October 23, 2026.
Is LII stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Lennox International must grow free cash flow about 11% a year for the next decade. Its free cash flow grew 4% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the LII price target?
14 analysts cover LII with an average 12-month price target of $442.14, +18% from the current price. 22% of them rate it a buy.
When does LII report earnings?
Lennox International is expected to report earnings on October 28, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does Lennox International have?
Lennox International has about 5,400 full-time employees, or $981,889 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology