Filing Flows › Lennox International (LII) › Q4 2025
Lennox International (LII) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Lennox International (LII) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -16% from the quarter before. Operating margin was 16.4%, net earnings $142M (11.9% of revenue).
Lennox International, Q4 2025: revenue $1.2B (-11% year over year), operating margin 16.4%, net earnings $142M, operating cash flow $406M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -16% | -11% |
| Gross profit | $389M | -20% | -16% |
| Operating profit | $196M | -40% | -22% |
| Net earnings | $142M | -45% | -29% |
| Operating cash flow | $406M | +35% | +22% |
| Free cash flow | $377M | +42% | +38% |
What changed
Revenue was $1.2B in Q4 2025, down 11% year over year and down 16% from the previous quarter. Residential Heating and Cooling was the largest line at 59% of revenue.
Gross margin was 32.6%, down 1.7 points from a year earlier. Operating profit was $0.20B, a 16.4% margin (down 2.2 points year over year). Operating expenses fell 8% while revenue fell 11%. The fastest-growing cost line was Other operating costs (+395%). Net earnings were $0.14B, down 29% year over year. The effective tax rate was 20.3%.
Operating cash flow was $0.41B (up 22% year over year), 285% 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 $0.22B. Capital expenditures of $0.03B left free cash flow of $0.38B.
Questions
What was Lennox International's revenue in the fourth quarter 2025?
Lennox International (LII) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -11% from a year earlier and -16% from the quarter before.
Was Lennox International profitable in the fourth quarter 2025?
Operating profit was $196M (16.4% of revenue) and net earnings $142M.