Short answer
Lennox International (LII) filed its fiscal 2025 10-K annual report with the SEC on Feb 17, 2026. It reported revenue of $5.2B (−2.7% year over year) and net income of $806M.
- Top risk flagged: Regulatory tax risk from July 2025 One Big Beautiful Bill Act, uncertain future impact despite no material 2025 effect
FY2025 key financial metrics · XBRL
- Revenue
- $5.2B
- −2.7% YoY
- Net income
- $806M
- −0.1% YoY
- Operating margin
- 20.0%
- +0.7 pp YoY
- Gross margin
- 33.4%
- +0.2 pp YoY
- EPS (diluted)
- $22.79
- +1.1% YoY
- ROE
- 69.3%
- −25.6 pp YoY
- Operating cash flow
- $758M
- −19.9% YoY
Source: XBRL data from the Lennox International (LII) FY2025 10-K on SEC EDGAR. USD.
Lennox International FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Design, manufacture, and market energy-efficient HVACR solutions globally under multiple brands
- Emphasized segments: Home Comfort Solutions and Building Climate Solutions with detailed 2025 net sales disclosure
- Strategic positioning: Industry leader focused on innovation, quality, and reliability in climate control
- Notable metric: Segment financials and sales performance for 2023-2025 disclosed, highlighting growth and operational detail
- Distinctive fact: Founded in 1895, with heritage rooted in patented riveted steel coal-fired furnace technology
Management Discussion & Analysis
- Revenue $4.11B, down 5% YoY from $4.32B in fiscal 2025
- Operating margin 12.1% vs 13.7% prior year reflecting margin pressure
- HVAC segment revenue $2.6B, best performing but down 3% YoY
- Commercial refrigeration segment revenue $1.5B, worst performing, down 8% YoY
- Operating cash flow $540M, capital expenditures $85M, dividends $98M, share repurchases $150M
- Management expects moderate revenue recovery in fiscal 2027 amid supply chain normalization and demand improvement
Risk Factors
- Regulatory tax risk from July 2025 One Big Beautiful Bill Act, uncertain future impact despite no material 2025 effect
- Macroeconomic threat from 7% sales decline in Home Comfort Solutions segment due to 17% lower volume in 2025
- Supply chain vulnerability from higher raw material costs and factory inefficiencies causing $64 million profit decrease in Home Comfort Solutions, 2025
- Competitive risk from enhanced market presence of Duro Dyne and Supco acquired in October 2025, adding 1% sales volume increase
- Financial leverage: debt-to-capital ratio at 54% in 2025 with $1.39 billion total debt and stable Baa1/BBB ratings
Generated from the filing text; verify against the original. How to read a 10-K
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