Operating Lease Liabilities
Lennox International Operating Lease Liabilities increased by 18.5% to $347.8M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 31.8%, from $263.9M to $347.8M. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities shows an upward trend with a 15.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests expansion of physical footprint or fleet, while a decrease may indicate consolidation or a shift toward asset ownership.
Detailed definition
This represents the present value of future lease payments for assets such as warehouses, offices, or equipment that are...
Peer comparison
This metric is highly comparable across industrial peers who utilize leasing to manage capital expenditure and operational flexibility.
operating_lease_liabilities_non_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $131.5M | $126.2M | $145M | $157.4M | $149.7M | $143.6M | $161.8M | $159.3M | $159.6M | $162.5M | $164.6M | $174.3M | $215.2M | $214.9M | $267.6M | $263.9M | $286.2M | $279.2M | $293.4M | $347.8M |
| QoQ Change | — | -4.0% | +14.9% | +8.6% | -4.9% | -4.1% | +12.7% | -1.5% | +0.2% | +1.8% | +1.3% | +5.9% | +23.5% | -0.1% | +24.5% | -1.4% | +8.5% | -2.4% | +5.1% | +18.5% |
| YoY Change | — | — | — | — | +13.8% | +13.8% | +11.6% | +1.2% | +6.6% | +13.2% | +1.7% | +9.4% | +34.8% | +32.2% | +62.6% | +51.4% | +33.0% | +29.9% | +9.6% | +31.8% |
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is Lennox International's operating lease liabilities?
- Lennox International (LII) reported operating lease liabilities of $347.8M in Q1 2026.
- How has Lennox International's operating lease liabilities changed year-over-year?
- Lennox International's operating lease liabilities increased by 31.8% year-over-year, from $263.9M to $347.8M.
- What is the long-term trend for Lennox International's operating lease liabilities?
- Over 5 years (2020 to 2025), Lennox International's operating lease liabilities has grown at a 15.5% compound annual growth rate (CAGR), from $142.8M to $293.4M.
- What does operating lease liabilities mean?
- The long-term financial obligation resulting from leasing property or equipment.