LII Lennox International margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 72

Gross margin

33.1%

Operating margin

19.2%

EBITDA margin

21.6%

Net margin

14.1%

Recent Lennox International shows a gross margin of 33.1%, an operating margin of 19.2%, an EBITDA margin of 21.6%, and a net margin of 14.1%. All measured margins weakened year over year, led by net margin with a decline of 2.1 percentage points.

LII margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Lennox International's margins averaged 32.93% gross, 18.77% operating, 20.85% EBITDA, and 14.53% net. Currently, gross, operating, and EBITDA margins are above their three-year averages, while net margin is below its three-year average.

LII margin expansion

Year-over-year margin changes in percentage points

Net margin led the decline, falling by 2.1 percentage points, while the other available margins also decreased.

Gross margin expansion

-0.7pp

Operating margin expansion

-1.1pp

EBITDA margin expansion

-0.8pp

Net margin expansion

-2.1pp

LII Gross margin

Lennox International recorded an average gross margin of 32.93% across the last 3 years. Lennox International currently reports a gross margin of 33.1%, 0.2 percentage points above its three-year average. The highest gross margin for Lennox International was 33.8% in Jun 2026, while the lowest was 31.1% in Dec 2023.

LII Operating margin

Lennox International recorded an average operating margin of 18.77% across the last 3 years. The latest operating margin for Lennox International is 19.2%, 0.4 percentage points above its three-year average. Lennox International's operating margin ranged from a low of 15.7% in Dec 2023 to a high of 20.3% in Sep 2025.

LII EBITDA margin

Over the last 3 years, Lennox International had an average EBITDA margin of 20.85%. Lennox International's current EBITDA margin is 21.6% and is 0.8 percentage points above its three-year average. Looking back over the last 3 years, Lennox International's EBITDA margin reached 22.4% at its highest point in Jun 2026 and 17.6% at its lowest in Dec 2023.

LII Net margin

Lennox International's net margin averaged 14.53% in the last 3 years. Right now, Lennox International's current net margin is 14.1%, which is 0.4 percentage points below its three-year average. Over the last 3 years, Lennox International's net margin peaked at 16.2% in Sep 2025 and reached a low of 11.9% in Dec 2023.

LII margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 33.1%, LII ranks higher than the Industrials sector and the industry average but lower than its peers average. But in comparison with the Industrials sector average of 32.5%, Lennox International's gross margin is only 1.8% higher.

LII margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Lennox International's gross margin?

For the period ending Sep 30, 2026, LII recorded a gross margin of 33.1%.

What is Lennox International's operating margin?

For the period ending Sep 30, 2026, LII recorded an operating margin of 19.2%.

What is Lennox International's EBITDA margin?

As of Sep 30, 2026, LII has an EBITDA margin of 21.6%.

What is Lennox International's net margin?

The current net margin for LII is 14.1% as of Sep 30, 2026.

What are the average margins of LII?

Lennox International's gross, operating, EBITDA, and net margins averaged 32.9% gross, 18.8% operating, 20.9% EBITDA, and 14.5% net over the last 3 years.

What are the highest historical margins of LII?

Across the 5-year period, LII posted its highest margins at 33.8% gross in Jun 2026, 20.3% operating in Sep 2025, 22.4% EBITDA in Jun 2026, and 16.2% net in Sep 2025.

What are the lowest historical margins of LII?

Over the last 5 years, Lennox International's lowest margins were 27.2% gross in Dec 2022, 13.4% operating in Jun 2022, 15.1% EBITDA in Sep 2022, and 10.5% net in Dec 2022.