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Carrier Global vs Lennox International: CARR and LII compared
Carrier Global is the larger company: $6.3B of revenue in its latest quarter (Q3 2026) against $1.6B for Lennox International (Q3 2026). Carrier Global is growing faster (+12% against +10% a year earlier). Lennox International is more profitable, with an operating margin of 19.8% against -36.3%.
Where the money goes: CARR and LII
Carrier Global (CARR) · Q3 2026
Carrier Global, Q3 2026: revenue $6.3B (+12% year over year), operating margin -36.3%, net loss $2.5B, operating cash flow $813M. The chart follows the revenue to costs, profit and cash.
Lennox International (LII) · Q3 2026
Lennox International, Q3 2026: revenue $1.6B (+10% year over year), operating margin 19.8%, net earnings $221M, operating cash flow $395M. The chart follows the revenue to costs, profit and cash.
| Carrier Global (CARR) | Lennox International (LII) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.3B | $1.6B |
| Revenue growth, Y/Y | +12% | +10% |
| Gross margin | — | 31.6% |
| Operating margin | -36.3% | 19.8% |
| Net earnings | −$2.5B | $221M |
| Net margin | -40.6% | 14.1% |
| Operating cash flow | $813M | $395M |
| Free cash flow | $674M | $362M |
| Market value | $43.7B | $11.7B |
| P/E | — | 15.7× |
| Analysts’ mean target | $68.70 | $371.92 |
Where the revenue comes from
Carrier Global
- Product: $5.6B (89%)
- Service: $678M (11%)
Lennox International
- Residential Heating and Cooling: $937M (60%)
- Commercial Heating and Cooling: $635M (40%)
Questions
Which is bigger, Carrier Global or Lennox International?
Carrier Global is the larger company: $6.3B of revenue in its latest quarter (Q3 2026) against $1.6B for Lennox International (Q3 2026).
Is Carrier Global or Lennox International growing faster?
Carrier Global is growing faster (+12% against +10% a year earlier).
Which is more profitable, Carrier Global or Lennox International?
Lennox International is more profitable, with an operating margin of 19.8% against -36.3%.
More: Carrier Global earnings · how Carrier Global makes money · Lennox International earnings · how Lennox International makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.