Lennox International (LII) Operating Margin (2009 - 2026)
Lennox International (LII) recorded quarterly Operating Margin of 14.4% in Q1 2026, down 12.09% quarter-over-quarter from 16.38% in Q4 2025, and down 126.0% on a YoY basis from 55.4% in Q1 2025.
Lennox International (LII) Operating Margin (2009 - 2026) Analysis & Trends
Lennox International's Operating Margin history runs 18 years deep, the most recent figure standing at 14.4% for Q1 2026.
- In Q1 2026, Operating Margin fell 126.0% year-over-year to 14.4%; the TTM figure through Mar 2026 stood at 19.72% (up 32.0% YoY), while the FY2025 annual figure was 20.05%, up 57.0% from the prior year.
- Operating Margin was 14.4% for Q1 2026 at Lennox International, down from 16.38% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 23.25% in Q2 2025 to a low of 11.04% in Q1 2022.
- Historically, Operating Margin has averaged 16.89% across 5 years, with a median of 16.17% in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Margin surged 657 bps in 2024, then slumped 222 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 12.03% in 2022, then soared by 34 bps to 16.17% in 2023, then advanced by 15 bps to 18.6% in 2024, then dropped by 12 bps to 16.38% in 2025, then slipped by 12 bps to 14.4% in 2026.
- The last three Operating Margin figures came in at 14.4% (Q1 2026), 16.38% (Q4 2025), and 23.04% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 107.22 Bn | 106.17 Bn | 1.73 Bn | 15.62% |
| 2 | Johnson Controls International | 89.13 Bn | 88.60 Bn | 2.07 Bn | 14.71% |
| 3 | Carrier Global | 60.07 Bn | 59.04 Bn | 4.82 Bn | 4.85% |
| 4 | Lennox International | 18.56 Bn | 18.51 Bn | 351.30 Mn | 14.40% |
| 5 | Masco | 15.26 Bn | 15.14 Bn | 686.00 Mn | 16.48% |
| 6 | Carlisle Companies | 14.75 Bn | 13.98 Bn | 363.20 Mn | 17.14% |
| 7 | SPX Technologies | 12.03 Bn | 11.87 Bn | 230.60 Mn | 15.47% |
| 8 | Advanced Drainage Systems | 11.45 Bn | 11.30 Bn | 237.66 Mn | 7.88% |
| 9 | Aaon | 11.16 Bn | 11.16 Bn | 109.77 Mn | 10.36% |
| 10 | Owens Corning | 10.30 Bn | 10.07 Bn | 510.00 Mn | 5.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 14.40% |
| Dec 31, 2025 | 16.38% |
| Sep 30, 2025 | 23.04% |
| Jun 30, 2025 | 23.25% |
| Mar 31, 2025 | 15.66% |
| Dec 31, 2024 | 18.60% |
| Sep 30, 2024 | 20.25% |
| Jun 30, 2024 | 22.06% |
| Mar 31, 2024 | 15.93% |
| Dec 31, 2023 | 16.17% |
| Sep 30, 2023 | 13.67% |
| Jun 30, 2023 | 19.75% |
| Mar 31, 2023 | 13.29% |
| Dec 31, 2022 | 12.03% |
| Sep 30, 2022 | 14.92% |
| Jun 30, 2022 | 16.61% |
| Mar 31, 2022 | 11.04% |
| Dec 31, 2021 | 10.12% |
| Sep 30, 2021 | 15.35% |
| Jun 30, 2021 | 17.43% |