Lennox International (LII) Gross Margin (2009 - 2026)
Lennox International (LII) recorded quarterly Gross Margin of 30.95% in Q1 2026, down 5.0% quarter-over-quarter from 32.58% in Q4 2025, and down 83.0% on a YoY basis from 182.05% in Q1 2025.
Lennox International (LII) Gross Margin (2009 - 2026) Analysis & Trends
Lennox International's Gross Margin history runs 18 years deep, the most recent figure standing at 30.95% for Q1 2026.
- In Q1 2026, Gross Margin fell 83.0% year-over-year to 30.95%; the TTM figure through Mar 2026 stood at 33.19% (up 6.0% YoY), while the FY2025 annual figure was 33.39%, up 11.0% from the prior year.
- Gross Margin was 30.95% for Q1 2026 at Lennox International, down from 32.58% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 34.48% in Q2 2025 to a low of 26.07% in Q4 2022.
- Historically, Gross Margin has averaged 31.13% across 5 years, with a median of 31.78% in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin plunged 186 bps in 2022, then jumped 477 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 26.07% in 2022, then advanced by 18 bps to 30.85% in 2023, then increased by 11 bps to 34.27% in 2024, then retreated by 5 bps to 32.58% in 2025, then fell by 5 bps to 30.95% in 2026.
- The last three Gross Margin figures came in at 30.95% (Q1 2026), 32.58% (Q4 2025), and 34.15% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 34.77% |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 35.78% |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 90.17% |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 30.95% |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 35.77% |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 34.52% |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 40.68% |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 35.12% |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 25.88% |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 22.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.95% |
| Dec 31, 2025 | 32.58% |
| Sep 30, 2025 | 34.15% |
| Jun 30, 2025 | 34.48% |
| Mar 31, 2025 | 31.78% |
| Dec 31, 2024 | 34.27% |
| Sep 30, 2024 | 32.60% |
| Jun 30, 2024 | 33.64% |
| Mar 31, 2024 | 32.47% |
| Dec 31, 2023 | 30.85% |
| Sep 30, 2023 | 31.36% |
| Jun 30, 2023 | 32.44% |
| Mar 31, 2023 | 29.22% |
| Dec 31, 2022 | 26.07% |
| Sep 30, 2022 | 26.85% |
| Jun 30, 2022 | 29.06% |
| Mar 31, 2022 | 26.47% |
| Dec 31, 2021 | 26.29% |
| Sep 30, 2021 | 27.85% |
| Jun 30, 2021 | 30.93% |