Lennox International (LII) Operating Margin (2009 - 2026)
Lennox International (LII) reported Operating Margin of 19.85% for Q3 2026, down 3.20 percentage points from 23.04% a year earlier and down 3.13 percentage points from the prior quarter.
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Analysis
Lennox International (LII) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Lennox International's Operating Margin came in at 18.84%, down 1.66 percentage points year-over-year; for FY2025, it came in at 20.05%, up 0.57 percentage points from FY2024.
- Operating Margin has increased for three consecutive years, with a five-year change of +6.88 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 19.48% in FY2024 (+3.59 pp), 15.89% in FY2023 (+1.98 pp), 13.91% in FY2022 (-0.17 pp) and 14.07% in FY2021 (+0.91 pp).
- Five-year quarterly Operating Margin spans a low of 10.12% in Q4 2021 and a high of 23.25% in Q2 2025.
- Year over year, Operating Margin has now declined in each of the last four quarters, with an average year-over-year change of -0.10 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q3 2024 (a gain of 6.57 percentage points); the low point was Q4 2021 (a drop of 5.09 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 22.97% (Q2 2026), 14.40% (Q1 2026) and 16.38% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 88.43 Bn | 83.04 Bn | 2.38 Bn | 19.87% |
| 2 | Johnson Controls International | 81.95 Bn | 79.68 Bn | 2.47 Bn | 14.92% |
| 3 | Carrier Global | 43.09 Bn | 37.47 Bn | 1.90 Bn | -36.29% |
| 4 | Comfort Systems Usa | 35.64 Bn | 29.60 Bn | 934.48 Mn | 16.58% |
| 5 | Otis Worldwide | 30.11 Bn | 26.50 Bn | 1.16 Bn | 15.84% |
| 6 | James Hardie Industries | 16.21 Bn | 15.14 Bn | 562.40 Mn | 18.44% |
| 7 | Masco | 16.11 Bn | 13.92 Bn | 720.00 Mn | 17.19% |
| 8 | Allegion | 15.72 Bn | 14.35 Bn | 548.20 Mn | 24.27% |
| 9 | Carlisle Companies | 14.80 Bn | 11.71 Bn | 494.90 Mn | 20.04% |
| 10 | Lennox International | 11.75 Bn | 11.57 Bn | 497.20 Mn | 19.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.85% |
| Jun 30, 2026 | 22.97% |
| 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% |
API Access
Lennox International Operating 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=operating-margin&ticker=LII&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=LII&period=max&api_key=YOUR_API_KEY");
const data = await res.json();