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
DateValue
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%