Lennox International's board of directors approved a quarterly cash dividend of $1.30 per share of common stock, payable on April 15, 2026, to stockholders of record as of March 31, 2026.
Lennox International Inc. (LII)
Lennox International manufacturers and distributes heating, ventilating, air conditioning, and refrigeration products for the North American replacement (75% of sales) and new construction (25% of sales) markets. Residential HVAC (home comfort solutions) accounted for 67% of sales and commercial HVAC (building climate solutions) accounted for the remaining 33% of sales. To be clear, Lennox's commercial exposure is what its peers refer to as "residential and light commercial," lacks the scale and complexity of what is referred to as an "applied" solution. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand.
Company Info
Highlights
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lennox International Inc., comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Lennox International Inc. (LII) has returned -6.87% so far this year and -13.04% over the past 12 months. Looking at the last ten years, LII has achieved an annualized return of 12.72%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
LII
Benchmark (SPY)
Monthly Returns
The table below presents the monthly returns of Lennox International Inc. (LII) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.41% | 15.82% | -17.19% | -2.51% | ||||||||
| 2025 | -3.64% | 4.53% | -6.57% | -1.85% | 1.97% | 2.67% | 6.10% | -8.41% | -3.75% | -4.48% | -0.55% | -1.17% |
| 2024 | -3.23% | 10.13% | 3.96% | -5.59% | 8.35% | 6.03% | 8.40% | 1.00% | 2.59% | -0.08% | 10.12% | -9.16% |
| 2023 | 6.95% | -0.65% | -0.74% | 12.62% | -1.95% | 18.32% | 13.13% | 2.78% | -0.93% | -0.96% | 9.16% | 10.32% |
| 2022 | -12.43% | -6.25% | -5.03% | -17.84% | -2.28% | -1.55% | 16.37% | 0.50% | -7.22% | 4.49% | 9.23% | -10.29% |
| 2021 | 0.29% | 0.56% | 10.21% | 7.23% | 3.60% | 0.13% | -6.00% | 1.00% | -12.50% | 1.24% | 2.85% | 4.18% |
| 2020 | -4.89% | -2.46% | -21.06% | 5.83% | 16.12% | 9.13% | 14.78% | 3.96% | -2.77% | -1.17% | 4.17% | -5.90% |
| 2019 | 6.15% | 6.97% | 7.05% | 1.75% | -2.70% | 4.08% | -7.67% | -1.15% | -3.86% | 1.09% | 2.69% | -4.73% |
| 2018 | 4.01% | -5.84% | -0.57% | -5.19% | 5.37% | -2.33% | 9.94% | 3.08% | -1.71% | -4.11% | 6.78% | -4.43% |
| 2017 | 1.53% | 4.34% | 0.62% | -1.55% | 6.49% | 3.35% | -7.32% | -3.52% | 7.52% | 7.00% | 9.04% | -0.58% |
| 2016 | 0.10% | 1.65% | 4.21% | 10.01% | 2.76% | -2.91% | -7.24% | 2.05% | 3.17% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Lennox International Inc. (LII) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of LII compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Lennox International Inc. volatility is 2.73%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 4.08B | 3.47B | 2.80B | 2.57B | 2.17B | 2.03B | 2.03B | 1.82B | 1.89B | 1.76B | 1.68B | 1.76B | 1.63B | 1.69B | 1.71B | 1.69B |
| Equity Attributable To Parent (USD) | 1.16B | 850.20M | 285.30M | -203.10M | -269.00M | -17.10M | -170.20M | -149.60M | 50.10M | 38.00M | 101.60M | 9.00M | 485.70M | 496.80M | 467.80M | 589.70M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | 400.00K | 400.00K | 600.00K | 800.00K | - | - | - |
| Equity (USD) | 1.16B | 850.20M | 285.30M | -203.10M | -269.00M | -17.10M | -170.20M | -149.60M | 50.10M | 38.40M | 102.00M | 9.60M | 486.50M | 496.80M | 467.80M | 589.70M |
| Noncurrent Liabilities (USD) | 1.73B | 1.31B | 1.50B | 1.18B | 1.61B | 1.35B | 1.20B | 958.30M | 1.19B | 833.70M | 754.60M | 928.00M | 427.00M | 555.50M | 665.00M | 486.70M |
| Other Current Liabilities (USD) | 753.80M | 823.30M | 639.90M | 1.17B | 425.00M | 361.00M | 630.30M | 575.20M | 305.90M | 527.40M | 503.90M | 503.00M | 430.90M | 354.90M | 295.90M | 341.80M |
| Accounts Payable (USD) | 438.00M | 490.00M | 374.70M | 427.30M | 402.10M | 340.30M | 372.40M | 433.30M | 348.60M | 361.20M | 320.10M | 324.30M | 283.10M | 284.70M | 277.00M | 273.80M |
| Current Liabilities (USD) | 1.19B | 1.31B | 1.01B | 1.60B | 827.10M | 701.30M | 1.00B | 1.01B | 654.50M | 888.60M | 824.00M | 827.30M | 714.00M | 639.60M | 572.90M | 615.60M |
| Liabilities (USD) | 2.92B | 2.62B | 2.51B | 2.77B | 2.44B | 2.05B | 2.21B | 1.97B | 1.84B | 1.72B | 1.58B | 1.76B | 1.14B | 1.20B | 1.24B | 1.10B |
| Other Non-current Assets (USD) | 1.29B | 787.50M | 644.40M | 522.20M | 481.40M | 480.60M | 468.60M | 319.50M | 356.40M | 393.00M | 402.40M | 391.70M | 388.80M | 406.60M | 492.60M | 420.80M |
| Fixed Assets (USD) | 887.20M | 800.10M | 720.40M | 548.90M | 515.10M | 464.30M | 445.40M | 408.30M | 397.80M | 361.40M | 339.60M | 358.60M | 335.50M | 298.20M | 309.90M | 324.30M |
| Noncurrent Assets (USD) | 2.18B | 1.59B | 1.36B | 1.07B | 996.50M | 944.90M | 914.00M | 727.80M | 754.20M | 754.40M | 742.00M | 750.30M | 724.30M | 704.80M | 802.50M | 745.10M |
| Other Current Assets (USD) | 172.40M | 518.30M | 139.80M | 135.00M | 156.20M | 199.90M | 99.00M | 106.90M | 146.60M | 117.60M | 96.60M | 129.30M | 115.50M | 238.90M | 158.00M | 275.90M |
| Inventory (USD) | 1.15B | 704.80M | 699.10M | 753.00M | 510.90M | 439.40M | 544.10M | 509.80M | 484.20M | 418.50M | 418.80M | 463.30M | 378.80M | 374.80M | 336.50M | 286.20M |
| Accounts Receivable (USD) | 578.80M | 661.10M | 594.60M | 608.50M | 508.30M | 448.30M | 477.80M | 472.70M | 506.50M | 469.80M | 422.80M | 421.40M | 408.10M | 373.40M | 408.70M | 384.80M |
| Current Assets (USD) | 1.90B | 1.88B | 1.43B | 1.50B | 1.18B | 1.09B | 1.12B | 1.09B | 1.14B | 1.01B | 938.20M | 1.01B | 902.40M | 987.10M | 903.20M | 946.90M |
| Assets (USD) | 4.08B | 3.47B | 2.80B | 2.57B | 2.17B | 2.03B | 2.03B | 1.82B | 1.89B | 1.76B | 1.68B | 1.76B | 1.63B | 1.69B | 1.71B | 1.69B |
News and Insights
The global commercial HVAC market is projected to grow from US$ 62.79 billion in 2024 to US$ 120.59 billion by 2033 at a CAGR of 7.52%. Growth is driven by energy efficiency regulations, technological advancements (heat pumps, VRF systems, data center cooling), the rise of Heating and Cooling as a Service (HaaS) business models, and circular economy practices. North America leads with 34.30% market share, while cooling equipment dominates with 54% of the market.

As Q4 earnings season begins, analyst revisions are becoming a reliable indicator of stock performance. Three stocks showing positive revision momentum are Arista Networks (upgraded by Piper Sandler with 22% upside), Lennox International (with 12% forecasted earnings growth despite soft revenue), and Deckers Outdoor (showing strong brand momentum despite 2025 sell-off, with potential tariff ruling tailwinds).

Lennox International acquired NSI Industries' HVAC division for $550 million, adding Duro Dyne and Supco brands to its portfolio, strengthening its presence in the North American HVAC components market.

Lennox International announced a quarterly cash dividend of $1.30 per share, payable on October 15, 2025, to stockholders of record as of September 30, 2025.
The Indoor Air Quality Monitor Market is expected to grow from $5.03 billion in 2023 to $9.38 billion by 2032, driven by rising indoor pollution, regulatory push, consumer health awareness, smart home integrations, and advanced sensor technology.
The condensing unit market is projected to reach USD 74.66 billion by 2032, driven by the increasing demand for energy-efficient refrigeration and HVAC systems across various sectors, along with technological advancements.

In 2025, the most hated S&P 500 stocks are outperforming both the index and the Magnificent Seven, despite only 5.6% of analyst ratings being Sells. This suggests that being unloved by analysts doesn't necessarily doom a stock to underperformance, and contrarian plays may hold the key to outperformance this year.

Lennox International Inc. (LII) has declared a quarterly cash dividend of $1.15 per share of common stock, payable on May 15, 2025, to stockholders of record as of April 30, 2025.

Lennox International Inc. (LII) announced a quarterly cash dividend of $1.15 per share and scheduled its 2025 annual meeting of stockholders for May 22, 2025.