Filing Flows › Lennox International (LII) › Q3 2026 › vs Q2 2026
Lennox International (LII) Q3 2026 vs Q2 2026 (quarter over quarter)
Lennox International's revenue rose $27.2M (+2%) from $1.5B in Q2 2026 to $1.6B in Q3 2026. The biggest changes: Commercial Heating and Cooling +$25.6M (+4%); Residential Heating and Cooling +$1.6M (+0.2%). Gross margin 31.6% against 34.9% (-3.3 pts).
Lennox International, Q3 2026: revenue $1.6B (+10% year over year), operating margin 19.8%, net earnings $221M, operating cash flow $395M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.6% | 34.9% | -3.3 pts |
| Operating margin | 19.8% | 23.0% | -3.1 pts |
| Net margin | 14.1% | 17.4% | -3.3 pts |
| Free cash flow margin | 23.0% | 8.8% | +14.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Residential Heating and Cooling | $937M | $936M | $1.6M | +0.2% |
| Commercial Heating and Cooling | $635M | $610M | $25.6M | +4% |
| Revenue | $1.6B | $1.5B | $27.2M | +2% |
| Gross profit | $497M | $540M | −$42.3M | -8% |
| Cost of revenue | $1.1B | $1.0B | $69.5M | +7% |
| Operating profit | $312M | $355M | −$42.9M | -12% |
| Operating expenses | $185M | $184M | $600K | +0.3% |
| Pre-tax earnings | $293M | $340M | −$46.3M | -14% |
| Other expense, net | $18.8M | $15.4M | $3.4M | +22% |
| SG&A | $177M | $183M | −$5.8M | -3% |
| Other operating costs | $7.8M | $1.4M | $6.4M | +457% |
| Net earnings | $221M | $269M | −$47.8M | -18% |
| Income tax | $72.1M | $70.6M | $1.5M | +2% |
| Depreciation & amortization | $34.6M | $32.6M | $2.0M | +6% |
| Share-based compensation | $3.3M | $5.8M | −$2.5M | -43% |
| Working capital & other | $136M | −$135M | $272M | — |
| Operating cash flow | $395M | $172M | $223M | +130% |
| Free cash flow (OCF − capex) | $362M | $136M | $226M | +166% |
| Capital expenditures | $33.2M | $35.7M | −$2.5M | -7% |
Questions
How much did Lennox International's revenue grow quarter over quarter in Q3 2026?
Lennox International's revenue rose $27.2M (+2%) from $1.5B in Q2 2026 to $1.6B in Q3 2026.
What drove Lennox International's revenue change in Q3 2026?
Commercial Heating and Cooling +$25.6M (+4%); Residential Heating and Cooling +$1.6M (+0.2%).