Filing Flows › Lennox International (LII) › Q3 2025
Lennox International (LII) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 22, 2025
Lennox International (LII) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), -5% from a year earlier and -5% from the quarter before. Operating margin was 21.7%, net earnings $246M (17.2% of revenue).
Lennox International, Q3 2025: revenue $1.4B (-5% year over year), operating margin 21.7%, net earnings $246M, operating cash flow $301M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -5% | -5% |
| Gross profit | $487M | -6% | -0.2% |
| Operating profit | $310M | -11% | +2% |
| Net earnings | $246M | -10% | +3% |
| Operating cash flow | $301M | +246% | -33% |
| Free cash flow | $265M | +355% | -35% |
What changed
Revenue was $1.4B in Q3 2025, down 5% year over year and down 5% from the previous quarter. Residential Heating and Cooling was the largest line at 64% of revenue. Residential Heating and Cooling lost $0.12B year over year (down 12%), 168% of the total change.
Gross margin was 34.1%, up 1.5 points from a year earlier. Operating profit was $0.31B, a 21.7% margin (up 1.5 points year over year). Operating expenses fell 4% while revenue fell 5%. The fastest-growing cost line was Other operating costs (+2100%). Net earnings were $0.25B, up 3% year over year. The effective tax rate was 17.7%.
Operating cash flow was $0.30B (down 33% year over year), 122% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.04B left free cash flow of $0.27B.
Questions
What was Lennox International's revenue in the third quarter 2025?
Lennox International (LII) reported revenue of $1.4B for the third quarter 2025 (Q3 2025), -5% from a year earlier and -5% from the quarter before.
Was Lennox International profitable in the third quarter 2025?
Operating profit was $310M (21.7% of revenue) and net earnings $246M.