What is the primary revenue source for Lennox International (LII)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze LII's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Lennox International's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Lennox International Makes Money: LII Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 100% of revenue, indicating concentration.

Operating margin declined by 0.75 percentage points year over year.

Revenue: USD 2.68B
Largest revenue segment share (Others): 100.00%
Cost of revenue: USD 1.79B
Selling, general and administrative: USD 368.30M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueRevenue, net · Revenues
Cost of revenueCost of product and service sold · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative expense · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Others)Others · segment_value / revenue * 100
Operating marginOperating income · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Inventory: USD 1.15B
Property, plant and equipment: USD 934.20M
Accounts receivable: USD 918.10M
Total liabilities: USD 3.25B
Shareholder equity: USD 1.30B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Property, plant and equipmentProperty, plant and equipment, net of accumulated depreciation of $1,088.0 and $1,043.9 in 2026 and 2025, respectively · PropertyPlantAndEquipmentNet
Shareholder equityTotal stockholders' equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
InventoryTotal inventories, net · InventoryNet
Accounts receivableAccounts and notes receivable, net of allowances of $7.9 and $8.5 in 2026 and 2025, respectively · ReceivablesNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Neutral

Operating cash flow is positive, but profit-to-cash conversion is relatively weak.

Operating cash flow equals 48.71% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 386.20M
Operating cash flow: USD 188.10M
Cash conversion: 48.71%
Free cash flow: USD 96.90M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 90.50M
Share repurchases: USD 151.30M
Net shareholder return: USD 241.80M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?