Lennox International (LII)
Market Price (5/30/2026): $502.38 | Market Cap: $17.5 BilSector: Industrials | Industry: Building Products
Lennox International (LII)
Market Price (5/30/2026): $502.38Market Cap: $17.5 BilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% Low stock price volatilityVol 12M is 35% Megatrend and thematic driversMegatrends include Electrification of Everything, Smart Buildings & Proptech, and Sustainable Resource Management. Themes include Heat Pump Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -40% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.0% Key risksLII key risks include [1] potential margin compression from higher costs, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Low stock price volatilityVol 12M is 35% |
| Megatrend and thematic driversMegatrends include Electrification of Everything, Smart Buildings & Proptech, and Sustainable Resource Management. Themes include Heat Pump Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -40% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.0% |
| Key risksLII key risks include [1] potential margin compression from higher costs, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Lennox International (LII) stock has remained largely at the same level since 1/31/2026 because of the following key factors:
1. Mixed Q1 2026 Financial Performance with Reaffirmed Full-Year Guidance. Lennox International reported mixed first-quarter 2026 results on April 29, 2026. Revenue increased 6% year-over-year to $1.1 billion, exceeding analyst forecasts by 2.8% and driven partly by completed acquisitions and improving channel conditions. However, GAAP diluted earnings per share (EPS) decreased 8% to $3.35, and GAAP operating income was down 3% to $164 million. Despite these immediate declines in profitability metrics, the company reaffirmed its full-year 2026 adjusted EPS guidance of $23.50-$25.00 and its free cash flow outlook of $750-$850 million, providing a stable long-term outlook that balanced the near-term challenges.
2. Divergent Segment Performance Amidst Residential Weakness. The company experienced a stark contrast in performance between its primary business segments. The Building Climate Solutions (BCS) segment delivered strong results, with revenue growing 38% to $485 million and segment profit increasing 63%. This robust growth in BCS was largely offset by a weaker performance in the Home Comfort Solutions (HCS) segment, where revenue declined 10% to $650 million and segment profit dropped 30%. The decline in HCS was primarily attributed to lower sales volumes, product cost inflation, and factory under-absorption, reflecting ongoing softness in new home construction and residential demand.
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Stock Movement Drivers
Fundamental Drivers
The 1.7% change in LII stock from 1/31/2026 to 5/29/2026 was primarily driven by a 7.4% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 493.63 | 502.16 | 1.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,345 | 5,258 | -1.6% |
| Net Income Margin (%) | 16.0% | 15.3% | -4.5% |
| P/E Multiple | 20.3 | 21.8 | 7.4% |
| Shares Outstanding (Mil) | 35 | 35 | 0.9% |
| Cumulative Contribution | 1.7% |
Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| LII | 1.7% | |
| Market (SPY) | 9.6% | 47.1% |
| Sector (XLI) | 4.9% | 69.8% |
Fundamental Drivers
The 0.0% change in LII stock from 10/31/2025 to 5/29/2026 was primarily driven by a -4.5% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 502.20 | 502.16 | 0.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,345 | 5,258 | -1.6% |
| Net Income Margin (%) | 16.0% | 15.3% | -4.5% |
| P/E Multiple | 20.6 | 21.8 | 5.6% |
| Shares Outstanding (Mil) | 35 | 35 | 0.9% |
| Cumulative Contribution | 0.0% |
Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| LII | -0.0% | |
| Market (SPY) | 11.5% | 47.6% |
| Sector (XLI) | 12.4% | 69.2% |
Fundamental Drivers
The -7.2% change in LII stock from 4/30/2025 to 5/29/2026 was primarily driven by a -7.5% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 541.11 | 502.16 | -7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,367 | 5,258 | -2.0% |
| Net Income Margin (%) | 15.2% | 15.3% | 0.4% |
| P/E Multiple | 23.5 | 21.8 | -7.5% |
| Shares Outstanding (Mil) | 36 | 35 | 2.0% |
| Cumulative Contribution | -7.2% |
Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| LII | -7.2% | |
| Market (SPY) | 38.0% | 46.4% |
| Sector (XLI) | 33.7% | 67.1% |
Fundamental Drivers
The 83.5% change in LII stock from 4/30/2023 to 5/29/2026 was primarily driven by a 41.9% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 273.71 | 502.16 | 83.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,754 | 5,258 | 10.6% |
| Net Income Margin (%) | 10.8% | 15.3% | 41.9% |
| P/E Multiple | 19.0 | 21.8 | 14.6% |
| Shares Outstanding (Mil) | 36 | 35 | 2.0% |
| Cumulative Contribution | 83.5% |
Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| LII | 83.5% | |
| Market (SPY) | 89.0% | 52.5% |
| Sector (XLI) | 81.1% | 65.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LII Return | 20% | -25% | 90% | 37% | -20% | 3% | 93% |
| Peers Return | 52% | -21% | 35% | 23% | 5% | 6% | 122% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| LII Win Rate | 83% | 33% | 58% | 67% | 33% | 60% | |
| Peers Win Rate | 78% | 37% | 55% | 62% | 50% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| LII Max Drawdown | -17% | -42% | -15% | -10% | -33% | -23% | |
| Peers Max Drawdown | -15% | -39% | -20% | -16% | -25% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CARR, TT, JCI, AOS, IR. See LII Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
| Event | LII | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.9% | -18.8% |
| % Gain to Breakeven | 28.0% | 23.1% |
| Time to Breakeven | 91 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.1% | -6.7% |
| % Gain to Breakeven | 12.5% | 7.1% |
| Time to Breakeven | 21 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -40.5% | -24.5% |
| % Gain to Breakeven | 68.1% | 32.4% |
| Time to Breakeven | 356 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.2% | -33.7% |
| % Gain to Breakeven | 47.4% | 50.9% |
| Time to Breakeven | 107 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -11.5% | -19.2% |
| % Gain to Breakeven | 13.0% | 23.8% |
| Time to Breakeven | 25 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -10.2% | -3.7% |
| % Gain to Breakeven | 11.3% | 3.9% |
| Time to Breakeven | 41 days | 6 days |
In The Past
Lennox International's stock fell -21.9% during the 2025 US Tariff Shock. Such a loss loss requires a 28.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | LII | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.9% | -18.8% |
| % Gain to Breakeven | 28.0% | 23.1% |
| Time to Breakeven | 91 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -40.5% | -24.5% |
| % Gain to Breakeven | 68.1% | 32.4% |
| Time to Breakeven | 356 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -32.2% | -33.7% |
| % Gain to Breakeven | 47.4% | 50.9% |
| Time to Breakeven | 107 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -39.8% | -17.9% |
| % Gain to Breakeven | 66.2% | 21.8% |
| Time to Breakeven | 173 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.5% | -53.4% |
| % Gain to Breakeven | 106.2% | 114.4% |
| Time to Breakeven | 399 days | 1085 days |
In The Past
Lennox International's stock fell -21.9% during the 2025 US Tariff Shock. Such a loss loss requires a 28.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Lennox International (LII)
AI Analysis | Feedback
1. Lennox International is like a Trane or Carrier, providing the essential heating, air conditioning, and refrigeration systems for homes and businesses.
2. Lennox International is like a specialized Samsung or LG, but focused entirely on the heating, cooling, and commercial refrigeration systems that keep buildings comfortable and food preserved.
AI Analysis | Feedback
- Residential HVAC Systems: Furnaces, air conditioners, heat pumps, and packaged heating and cooling systems for residential use.
- Commercial HVAC Equipment: Unitary heating and air conditioning equipment, applied systems, and variable refrigerant flow products for commercial markets.
- Commercial HVAC Services: Installation and maintenance services for commercial heating and cooling equipment.
- Refrigeration Equipment: Condensing units, unit coolers, refrigeration rack systems, and industrial process chillers for various cooling applications.
- Indoor Air Quality & Controls: Equipment and accessories to improve indoor air quality and comfort control products.
- Replacement Parts & Supplies: Essential components and supplies for the repair and maintenance of HVAC and refrigeration systems.
AI Analysis | Feedback
```htmlLennox International Inc. (LII) primarily sells its products and services to other companies and organizations rather than directly to individual consumers. Based on the provided description, its major customers fall into the following categories:
- HVAC Contractors and Installers: These businesses purchase residential and commercial heating, cooling, and ventilation equipment (furnaces, air conditioners, heat pumps, packaged systems) from Lennox, either directly or through distributors and company-owned stores, for installation in homes and commercial buildings.
- Commercial Businesses and Property Owners: This category includes a wide range of entities that purchase commercial heating and cooling equipment, as well as specialized refrigeration systems. Specific examples mentioned are supermarkets, convenience stores, restaurants, warehouses, distribution centers, data centers, and industrial facilities (for machine tooling and other cooling applications).
- Home Builders and Developers: Companies involved in new residential construction purchase Lennox's residential heating and cooling products for installation in new homes.
AI Analysis | Feedback
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AI Analysis | Feedback
Alok Maskara
Chief Executive Officer
Alok Maskara was appointed Chief Executive Officer of Lennox International in May 2022. He brings over 25 years of global leadership experience in manufacturing and technology to his role. Prior to joining Lennox, Maskara served as CEO of Luxfer Holdings PLC (NYSE: LXFR) for five years, where he led the company's transformation, spearheaded acquisitions and partnerships, and drove growth in profitability. Before his tenure at Luxfer, he spent nearly a decade as president of several global business units at Pentair PLC. Maskara also held various leadership positions at General Electric Corporation and McKinsey & Company. He currently serves on the Board of Directors of Franklin Electric (NYSE: FELE). Maskara is also a co-author of nine patents in advanced materials science.
Michael Quenzer
Executive Vice President and Chief Financial Officer
Michael Quenzer was appointed Executive Vice President and Chief Financial Officer of Lennox International effective January 1, 2024. He joined Lennox in 2004 and has held several key leadership roles within the company, including Vice President, Investor Relations and Financial Planning Analysis, and Vice President of Finance for the Lennox Building Climate Solutions (Commercial) business segment. Before his career at Lennox, Quenzer worked at Morningstar Inc. He holds a bachelor's degree in finance from Coastal Carolina University, along with an MBA and a master's degree in accounting from the University of Texas at Dallas.
Daniel M. Sessa
Executive Vice President and Chief Human Resources Officer
Daniel M. Sessa has served as Executive Vice President and Chief Human Resources Officer at Lennox International since June 2007. His background includes numerous senior human resources and legal leadership positions at United Technologies Corporation, which he held since 1996. These roles included Vice President, Human Resources for Otis Elevator Company - Americas from 2005 to 2007, Director, Employee Benefits and Human Resources Systems for United Technologies Corporation from 2004 to 2005, and Director, Human Resources for Pratt & Whitney from 2002 to 2004. Sessa earned a Juris Doctor (J.D.) from the Hofstra University School of Law and a Bachelor of Arts (B.A.) in Law & Society from Binghamton University.
Prakash Bedapudi
Executive Vice President and Chief Technology Officer
Prakash Bedapudi was appointed Executive Vice President and Chief Technology Officer of Lennox International in July 2008. His previous experience includes serving as Vice President, Global Engineering and Program Management for Trane Inc. Commercial Systems from 2006 to 2008, and as Vice President, Engineering and Technology for Trane's Residential Systems division from 2003 to 2006. He also held senior engineering leadership positions at GE Transportation Systems and Cummins Engine Company. Bedapudi holds a Bachelor of Science in Mechanical/Automotive Engineering from Karnataka University, India, and a Master of Science in Mechanical/Aeronautical Engineering from the University of Cincinnati.
Gary S. Bedard
Executive Vice President and President, Home Comfort Solutions
Gary S. Bedard was appointed President of the Residential business segment (Home Comfort Solutions) at Lennox International, effective January 1, 2023. Prior to this role, he led the company's Refrigeration segment for five years. Bedard has a long history with Lennox, having joined in 1998, and spent 19 years in the residential business in various general management, sales, product, and marketing leadership roles. From 2007 to 2017, he successfully led the Lennox Residential business, during which time the business achieved consistent market share gains. Before joining Lennox, Bedard spent eight years at York International, where he held product management and sales leadership positions. He earned a Bachelor of Science in engineering management from the United States Military Academy at West Point.
AI Analysis | Feedback
The key risks to Lennox International (LII) are primarily driven by regulatory transitions, macroeconomic headwinds impacting demand, and ongoing supply chain and competitive pressures. * **Regulatory Transition to Low-GWP Refrigerants and Efficiency Standards:** Lennox International faces significant risks associated with the mandated industry-wide transition to low-Global Warming Potential (GWP) refrigerants (such as R-454B) and new energy efficiency standards. This transition requires substantial capital expenditures for product development and manufacturing adjustments, can lead to factory inefficiencies, and may delay customer adoption of new products. Higher component costs for new technologies, like leak detection sensors, and the need for technician training also contribute to this risk. These regulatory changes have already impacted revenue guidance for 2025 and are a key factor in the company's outlook for 2026, leading to a projected dip in demand and potential market share loss if not managed effectively. * **Macroeconomic Headwinds and Housing Market Sensitivity:** The company's financial performance is closely tied to the health of the U.S. construction industry and overall consumer spending, particularly within the residential replacement and new construction markets. A slowdown in the U.S. housing market, elevated interest rates, and sluggish residential construction activity have directly dampened demand for Lennox's products, resulting in volume declines. The "pre-buy" effect observed in 2024, where customers purchased older R-410A units before new EPA deadlines, further exacerbated a demand vacuum in early 2025. These macroeconomic factors pose a continued risk to revenue growth and profitability in 2025 and 2026. * **Supply Chain Volatility, Cost Pressures, and Intense Competition:** Lennox International is exposed to risks from raw material price inflation, potential supply chain disruptions, and the impact of trade tariffs. These factors can adversely affect cash flow, operational efficiency, and profit margins. Despite efforts to mitigate tariff-related costs through reduced reliance on Chinese sourcing and price increases, these issues remain persistent. Additionally, the HVACR market is highly competitive, with strong players like Carrier, Trane, and Daikin. This intense competition puts pressure on pricing and market share, and competitors with larger financial resources may outpace Lennox in research and development and marketing efforts, potentially impacting Lennox's market position.AI Analysis | Feedback
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The addressable markets for Lennox International's main products and services are as follows:
- Global HVAC Systems Market: The global HVAC systems market is projected to grow from approximately USD 258.97 billion in 2025 to USD 523.83 billion by 2035, at a Compound Annual Growth Rate (CAGR) of 7.3%.
-
North America HVAC Equipment Market: The North America HVAC equipment market size is expected to reach USD 31.12 billion in 2025 and is forecast to grow to USD 48.66 billion by 2031, with a CAGR of 7.93%.
- North America Residential HVAC Equipment Market: The residential segment represented approximately 40.25% of the North America HVAC equipment market revenue in 2025, equating to roughly USD 12.53 billion. The North America residential unitary HVAC market was estimated at USD 6.8 billion in 2024 and is expected to grow to USD 10.8 billion in 2034, at a CAGR of 4.8%.
- North America Commercial HVAC Equipment Market: Commercial accounts commanded approximately 59.75% of the North America HVAC equipment market revenue in 2025, totaling roughly USD 18.59 billion. The North America Commercial HVAC Market size is estimated at USD 11.26 billion in 2025 and is expected to reach USD 17.09 billion by 2030, at a CAGR of 8.7%.
- U.S. HVAC Systems Market: The U.S. HVAC systems market size was estimated at USD 31.71 billion in 2025 and is projected to reach USD 54.02 billion by 2033, growing at a CAGR of 6.9%.
- Canada HVAC Market: The Canada HVAC Market size is estimated at USD 12.20 billion in 2025 and is expected to reach USD 15.71 billion by 2030, at a CAGR of 5.20%.
- Global Commercial Refrigeration Market: The global commercial refrigeration market size was valued at USD 85.6 billion in 2024 and is expected to reach USD 161 billion by 2034, growing at a CAGR of 6.6%.
AI Analysis | Feedback
Lennox International (LII) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and market trends.
One key driver is the company's accelerated transition to low-Global Warming Potential (GWP) refrigerants and ultra-efficient heat pumps. Lennox has been rolling out R-32/R-454B systems and ultra-efficient heat pumps to capitalize on IRA rebates and adhere to the AIM Act phasedown, which is expected to reshape its competitive standing in the residential HVAC market. This includes scaling cold-climate heat pumps that meet ENERGY STAR Most Efficient thresholds and expanding electrified rooftop units to capture decarbonization retrofit spending.
Strategic pricing actions and a favorable product mix are also anticipated to contribute significantly to revenue growth. Lennox has maintained pricing discipline and is benefiting from a premium mix shift towards variable-speed heat pumps and communicating controls. The company plans a mid-single-digit price increase to counteract cost inflation.
Expansion into new product categories and adjacent markets, such as water heating, presents another avenue for growth. Lennox is entering the North American water heating market through a joint venture with Ariston Group, with dealer orders for a new line of water heaters commencing in March 2026. This strategy also involves expanding into other product categories that contractors typically purchase elsewhere, like ductless systems and a broader range of parts and accessories.
Growth in the resilient replacement market and an increased focus on services and lifecycle monetization will further bolster revenue. Approximately 75% of Lennox's sales come from the less volatile replacement market. The company forecasts a robust repair environment and aims to boost recurring revenue through increased sales of parts, filters, diagnostics subscriptions, and dealer maintenance contracts.
Finally, targeted geographic and channel expansion, particularly in high-growth regions, is expected to drive revenue. Lennox is prioritizing market share gains in U.S. Sunbelt states and Canada, where new construction and replacement cycles are strongest. International expansion efforts are concentrated in Mexico and select Latin American markets that exhibit underpenetrated demand for heat pumps and commercial replacement units. Additionally, investments in enhancing its distribution footprint and service levels, including a new manufacturing facility in Mexico, are designed to ensure robust sales as residential and light commercial markets recover.
AI Analysis | Feedback
Capital Allocation Decisions
Share Repurchases
- Lennox International repurchased $482 million of shares during 2025.
- In May 2025, the company approved a $1 billion increase to its existing stock repurchase authorization, in addition to approximately $290 million remaining under prior authorizations as of May 12, 2025.
- Share repurchases totaled $150 million in the fourth quarter of 2025.
Outbound Investments
- Lennox deployed $545 million on bolt-on acquisitions and joint venture investments during 2025.
- The company entered the North American water heating market through a joint venture with Ariston Group, with dealer orders for new water heaters expected to begin in March 2026.
- Strategic joint ventures with Samsung and Ariston are anticipated to contribute to growth starting in 2026 and 2027, respectively.
Capital Expenditures
- Capital expenditures are projected to be approximately $250 million for full year 2026, targeting strong return opportunities across innovation.
- Net capital expenditures for the full year 2025 were $117 million.
- Projected 2025 capital expenditures were around $150 million, with a primary focus on expanding the distribution network, enhancing customer experience, and supporting new product lines such as commercial emergency replacement and Samsung ductless products.
Latest Trefis Analyses
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | GEO | GEO | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04172026 | RSG | Republic Services | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.1% |
| 04102026 | VRSK | Verisk Analytics | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.3% | 12.3% | 0.0% |
| 04102026 | UHAL | U-Haul | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -1.0% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 15.6% | 15.6% | -5.3% |
| 04302022 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 12.4% | 34.7% | -12.6% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 102.85 |
| Mkt Cap | 40.7 |
| Rev LTM | 14,692 |
| Op Inc LTM | 1,542 |
| FCF LTM | 1,263 |
| FCF 3Y Avg | 1,337 |
| CFO LTM | 1,518 |
| CFO 3Y Avg | 1,634 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.7% |
| Rev Chg 3Y Avg | 5.9% |
| Rev Chg Q | 5.9% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | 2.0% |
| Op Inc Chg 3Y Avg | 16.4% |
| Op Mgn LTM | 18.4% |
| Op Mgn 3Y Avg | 18.3% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 15.8% |
| CFO/Rev 3Y Avg | 15.9% |
| FCF/Rev LTM | 13.5% |
| FCF/Rev 3Y Avg | 13.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 40.7 |
| P/S | 3.3 |
| P/Op Inc | 21.5 |
| P/EBIT | 24.9 |
| P/E | 28.9 |
| P/CFO | 23.4 |
| Total Yield | 4.4% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 3.6% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.5% |
| 3M Rtn | -9.2% |
| 6M Rtn | 4.4% |
| 12M Rtn | -9.9% |
| 3Y Rtn | 71.7% |
| 1M Excs Rtn | -11.7% |
| 3M Excs Rtn | -19.4% |
| 6M Excs Rtn | -5.8% |
| 12M Excs Rtn | -38.0% |
| 3Y Excs Rtn | -8.8% |
Price Behavior
| Market Price | $502.16 | |
| Market Cap ($ Bil) | 17.5 | |
| First Trading Date | 07/29/1999 | |
| Distance from 52W High | -23.8% | |
| 50 Days | 200 Days | |
| DMA Price | $492.17 | $512.68 |
| DMA Trend | down | down |
| Distance from DMA | 2.0% | -2.1% |
| 3M | 1YR | |
| Volatility | 41.3% | 34.7% |
| Downside Capture | 191.30 | 144.83 |
| Upside Capture | 74.96 | 86.71 |
| Correlation (SPY) | 57.1% | 43.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.05 | 1.58 | 1.17 | 1.15 | 1.22 | 1.09 |
| Up Beta | 2.21 | 2.03 | 1.85 | 1.51 | 1.33 | 0.97 |
| Down Beta | 5.41 | 3.17 | 3.19 | 1.80 | 1.38 | 0.95 |
| Up Capture | 50% | 51% | 40% | 77% | 85% | 191% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 13 | 18 | 31 | 59 | 121 | 403 |
| Down Capture | -416% | 154% | 36% | 84% | 125% | 106% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 9 | 25 | 33 | 66 | 131 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LII | |
|---|---|---|---|---|
| LII | -10.7% | 34.6% | -0.27 | - |
| Sector ETF (XLI) | 23.1% | 15.3% | 1.15 | 66.1% |
| Equity (SPY) | 30.3% | 11.8% | 1.94 | 43.7% |
| Gold (GLD) | 37.5% | 26.7% | 1.17 | 15.5% |
| Commodities (DBC) | 39.6% | 18.8% | 1.63 | -20.5% |
| Real Estate (VNQ) | 12.5% | 13.1% | 0.64 | 45.3% |
| Bitcoin (BTCUSD) | -31.8% | 41.6% | -0.81 | 21.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LII | |
|---|---|---|---|---|
| LII | 9.2% | 31.9% | 0.33 | - |
| Sector ETF (XLI) | 12.7% | 17.4% | 0.57 | 66.5% |
| Equity (SPY) | 14.3% | 17.0% | 0.66 | 58.4% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 10.3% |
| Commodities (DBC) | 10.2% | 19.4% | 0.41 | 2.6% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 54.3% |
| Bitcoin (BTCUSD) | 14.6% | 54.6% | 0.46 | 20.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LII | |
|---|---|---|---|---|
| LII | 15.6% | 29.2% | 0.55 | - |
| Sector ETF (XLI) | 14.2% | 20.0% | 0.63 | 61.7% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 57.0% |
| Gold (GLD) | 13.3% | 16.0% | 0.69 | 7.4% |
| Commodities (DBC) | 7.3% | 17.9% | 0.33 | 10.2% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 51.2% |
| Bitcoin (BTCUSD) | 67.0% | 66.9% | 1.06 | 13.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 5/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/29/2026 | 4.5% | 5.4% | 0.3% |
| 1/28/2026 | -2.3% | 1.9% | 9.1% |
| 10/22/2025 | -10.2% | -8.7% | -18.7% |
| 7/23/2025 | 6.6% | 3.2% | -5.0% |
| 4/23/2025 | -9.0% | -4.3% | 2.2% |
| 1/29/2025 | -8.8% | -12.7% | -9.1% |
| 10/23/2024 | 2.6% | 2.8% | 5.2% |
| 7/24/2024 | -4.9% | 0.8% | 2.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 14 | 19 |
| # Negative | 14 | 10 | 5 |
| Median Positive | 5.0% | 4.3% | 4.7% |
| Median Negative | -3.0% | -4.7% | -9.1% |
| Max Positive | 9.0% | 13.0% | 22.7% |
| Max Negative | -10.2% | -13.6% | -18.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 10/22/2025 | 10-Q |
| 06/30/2025 | 07/23/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
Recent Forward Guidance
Updated 5/28/2026Latest: Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth | 8.0% | 23.1% | 1.5% | Raised | Guidance: 6.5% for 2026 | ||
| 2026 EPS | 23.5 | 24.2 | 25 | 0 | Affirmed | Guidance: 24.2 for 2026 | |
| 2026 Free Cash Flow | 750.00 Mil | 800.00 Mil | 850.00 Mil | 0 | Affirmed | Guidance: 800.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 1/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth | 6.0% | 6.5% | 7.0% | -750.0% | 7.5% | Raised | Guidance: -1.0% for 2025 |
| 2026 EPS | 23.5 | 24.2 | 25 | 5.4% | Raised | Guidance: 23 for 2025 | |
| 2026 Capital Expenditures | 250.00 Mil | ||||||
| 2026 Free Cash Flow | 750.00 Mil | 800.00 Mil | 850.00 Mil | 45.4% | Raised | Guidance: 550.00 Mil for 2025 | |
Insider Activity
Updated 5/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kosel, Chris | VP-Corp Controller and CAO | Direct | Sell | 5072026 | 544.80 | 971 | 529,001 | 593,832 | Form |
| 2 | Wall, Shane D | Direct | Sell | 2272026 | 540.01 | 100 | 54,001 | 1,190,722 | Form | |
| 3 | Teske, Todd J | Direct | Sell | 2052026 | 533.45 | 700 | 373,415 | 3,670,669 | Form | |
| 4 | Kosel, Chris | VP-Corp Controller and CAO | Direct | Sell | 2052026 | 536.50 | 254 | 136,271 | 584,785 | Form |
| 5 | Teske, Todd J | Direct | Sell | 11122025 | 491.85 | 600 | 295,110 | 3,728,715 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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