Lennox International (LII) Gross Margin (2009 - 2026)
Lennox International (LII) posted Gross Margin of 34.91% for Q2 2026, up 12.81% on a QoQ basis from 30.95% in Q1 2026, and up 43.0% year-over-year from 24.41% in Q2 2025.
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Lennox International (LII) Gross Margin (2009 - 2026) Analysis & Trends
Lennox International has reported Gross Margin for 18 years, with the latest figure at 34.91% in Q2 2026.
- On a quarterly basis, Gross Margin rose 43.0% year-over-year to 34.91% in Q2 2026; TTM through Jun 2026 was 33.33%, a 4.0% decrease from a year earlier, with the FY2025 full-year figure at 33.39%, up 11.0% from the prior year.
- Gross Margin was 34.91% for Q2 2026 at Lennox International, up from 30.95% in the prior quarter.
- The five-year high for Gross Margin was 34.91% in Q2 2026, with the low at 26.07% in Q4 2022.
- Average Gross Margin over 5 years is 31.34%, with a median of 32.11% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 186 bps in 2022, then surged 477 bps in 2023.
- Over 5 years, Gross Margin stood at 26.07% in 2022, then climbed by 18 bps to 30.85% in 2023, then rose by 11 bps to 34.27% in 2024, then decreased by 5 bps to 32.58% in 2025, then advanced by 7 bps to 34.91% in 2026.
- The last three Gross Margin figures came in at 34.91% (Q2 2026), 30.95% (Q1 2026), and 32.58% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.54 Bn | 97.25 Bn | 2.26 Bn | 35.57% |
| 2 | Johnson Controls International | 87.78 Bn | 87.18 Bn | 2.47 Bn | 37.41% |
| 3 | Comfort Systems Usa | 56.67 Bn | 54.82 Bn | 844.23 Mn | 25.85% |
| 4 | Carrier Global | 49.23 Bn | 48.21 Bn | 1.94 Bn | 30.59% |
| 5 | Lennox International | 13.50 Bn | 13.44 Bn | 539.50 Mn | 34.91% |
| 6 | Modine Manufacturing | 10.26 Bn | 10.20 Bn | - | - |
| 7 | SPX Technologies | 9.84 Bn | 9.67 Bn | 272.80 Mn | 40.18% |
| 8 | Smith A O | 8.22 Bn | 8.04 Bn | 387.80 Mn | 38.61% |
| 9 | Aaon | 6.55 Bn | 6.55 Bn | 152.49 Mn | 24.32% |
| 10 | Legence | 5.72 Bn | 5.81 Bn | 220.23 Mn | 17.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.91% |
| 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% |