Lennox International (LII) Gross Margin (2009 - 2026)
Lennox International (LII) posted Gross Margin of 31.62% for Q3 2026, down 2.53 percentage points from 34.15% a year earlier and down 3.29 percentage points from the prior quarter.
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Analysis
Lennox International (LII) Gross Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at Lennox International was 32.62%, down 1.17 percentage points year-over-year; for FY2025, it came in at 33.39%, up 0.11 percentage points from FY2024.
- Annual Gross Margin has increased for three consecutive years, with a five-year change of +4.77 percentage points (FY2020 to FY2025).
- In prior years, Lennox International's Gross Margin was 33.28% in FY2024 (+2.18 pp), 31.10% in FY2023 (+3.87 pp), 27.23% in FY2022 (-1.11 pp) and 28.34% in FY2021 (-0.29 pp).
- Quarterly Gross Margin has run from a low of 26.07% in Q4 2022 to a high of 34.91% in Q2 2026 over five years.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of +0.06 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2023, with a gain of 4.77 percentage points; the weakest was Q4 2021, with a drop of 3.84 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 34.91% (Q2 2026), 30.95% (Q1 2026) and 32.58% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 92.37 Bn | 86.98 Bn | 2.38 Bn | 35.28% |
| 2 | Johnson Controls International | 86.38 Bn | 84.11 Bn | 2.47 Bn | 37.41% |
| 3 | Carrier Global | 44.18 Bn | 38.56 Bn | 1.90 Bn | 30.35% |
| 4 | Comfort Systems Usa | 38.62 Bn | 32.58 Bn | 934.48 Mn | 24.81% |
| 5 | Otis Worldwide | 30.18 Bn | 26.57 Bn | 1.16 Bn | 29.56% |
| 6 | James Hardie Industries | 17.42 Bn | 16.36 Bn | 562.40 Mn | 39.38% |
| 7 | Masco | 16.75 Bn | 14.56 Bn | 720.00 Mn | 36.62% |
| 8 | Allegion | 16.09 Bn | 14.72 Bn | 548.20 Mn | 46.75% |
| 9 | Carlisle Companies | 15.48 Bn | 12.38 Bn | 494.90 Mn | 33.82% |
| 10 | Lennox International | 12.07 Bn | 11.88 Bn | 497.20 Mn | 31.62% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.62% |
| 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% |
API Access
Lennox International Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LII", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();