Filing Flows › Lennox International (LII) › Q2 2026 › vs Q2 2025
Lennox International (LII) Q2 2026 vs Q2 2025 (year over year)
Lennox International's revenue rose $44.4M (+3%) from $1.5B in Q2 2025 to $1.5B in Q2 2026. The biggest changes: Commercial Heating and Cooling +$118M (+24%); Residential Heating and Cooling −$73.7M (-7%). Gross margin 34.9% against 34.5% (+0.4 pts).
Lennox International, Q2 2026: revenue $1.5B (+3% year over year), operating margin 23.0%, net earnings $269M, operating cash flow $172M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 34.9% | 34.5% | +0.4 pts |
| Operating margin | 23.0% | 23.3% | -0.3 pts |
| Net margin | 17.4% | 18.2% | -0.8 pts |
| Free cash flow margin | 8.8% | 3.9% | +4.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Residential Heating and Cooling | $936M | $1.0B | −$73.7M | -7% |
| Commercial Heating and Cooling | $610M | $492M | $118M | +24% |
| Revenue | $1.5B | $1.5B | $44.4M | +3% |
| Gross profit | $540M | $518M | $22.0M | +4% |
| Cost of revenue | $1.0B | $983M | $22.4M | +2% |
| Operating profit | $355M | $349M | $6.0M | +2% |
| Operating expenses | $184M | $168M | $16.0M | +9% |
| Pre-tax earnings | $340M | $340M | −$400K | -0.1% |
| Other expense, net | $15.4M | $9.0M | $6.4M | +71% |
| Net earnings | $269M | $274M | −$4.9M | -2% |
| Income tax | $70.6M | $66.1M | $4.5M | +7% |
| Depreciation & amortization | $32.6M | $26.8M | $5.8M | +22% |
| Share-based compensation | $5.8M | $8.2M | −$2.4M | -29% |
| Working capital & other | $135M | $222M | −$86.7M | -39% |
| Operating cash flow | $172M | $86.8M | $85.2M | +98% |
| Free cash flow (OCF − capex) | $136M | $58.3M | $78.0M | +134% |
| Capital expenditures | $35.7M | $28.5M | $7.2M | +25% |
Questions
How much did Lennox International's revenue grow year over year in Q2 2026?
Lennox International's revenue rose $44.4M (+3%) from $1.5B in Q2 2025 to $1.5B in Q2 2026.
What drove Lennox International's revenue change in Q2 2026?
Commercial Heating and Cooling +$118M (+24%); Residential Heating and Cooling −$73.7M (-7%).