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Lennox International logo

Lennox International Business Segments

Business, geographic, and product segment breakdowns

Lennox International generates $5.3B in annual revenue across 2 key segments: Commercial Heating and Cooling ($2.0B), and Residential Heating and Cooling ($3.3B). The company-wide operating margin is 19.72%. Based on the Q1 2026 filing.

Commercial Heating and Cooling (TTM)$2.0BResidential Heating and Cooling (TTM)$3.3B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$18.0B
P/E Ratio22.68

Products & Services

Concentration risk, percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equipment20.0%20.0%20.0%20.0%20.0%—

Revenue from Contract with Customer, Excluding Assessed Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Equipment Sales—$0.8$0.8$0.8—$83

Geographic

Property, plant and equipment, net of accumulated depreciation of $1,064.3 and $1,043.9 in 2026 and 2025, respectively

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
UNITED STATES$537.3M$544.3M$549.8M$570.4M$607.4M$639.9M
Mexico$254M$255.7M$264.2M$266.6M$269.2M$267.7M
International$5.9M$7.5M$7.5M$6.8M$6.4M$5.9M
CANADA$2.9M$2.8M$4.1M$3.7M$4.2M$4.1M

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
CANADA$79.9M$93.4M$93.4M$93.4M$93.4M—
UNITED STATES$1.3B$1.2B$1.2B$1.2B$1.2B—

Business Segments

Business Combination, Acquiree's Earnings (Loss) since Acquisition Date, Actual

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Heating and Cooling————$6.4M—
Residential Heating and Cooling————$400K—

Cost of Goods Sold

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Residential Heating and Cooling$591.5M$500.1M$668.3M$634M$471.2M$467.8M
Commercial Heating and Cooling$293M$231.8M$308.9M$323.1M$310.5M$316.2M

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Heating and Cooling$7.1M$7.9M$8M$8.6M$11.5M$11.7M
Residential Heating and Cooling$10.5M$10.4M$11.5M$11.5M$13.5M$10.7M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Heating and Cooling$193.9M$193.9M$193.9M$193.9M$410.2M$415.1M
Residential Heating and Cooling$26.1M$26.1M$26.1M$26.1M$87M$88.6M

Goodwill adjustment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Heating and Cooling-$4.3M$0$0$0—$4.9M
Residential Heating and Cooling$0$0$0$0—$1.6M

Other (income) expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Residential Heating and Cooling—-$1M-$5.6M-$5.2M-$3.6M-$1.5M
Commercial Heating and Cooling-$1M$200K-$900K-$1.2M-$500K-$700K

Payments to Acquire Property, Plant, and Equipment

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Residential Heating and Cooling$32.5M$11.4M$11.8M$7.2M$18.6M$15.1M
Commercial Heating and Cooling$18.1M$6.3M$6.2M$22M$3.2M$7.5M

Revenue, Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Residential Heating and Cooling$887.4M$721.4M$1B$912.9M$699.8M$650M
Commercial Heating and Cooling$457.6M$351.2M$491.6M$513.9M$495.2M$485.1M

Segment Profit And Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Heating and Cooling$103.6M$58.8M$122.5M$134M$124.2M$95.6M
Residential Heating and Cooling$193.4M$123.9M$255.2M$202.9M$153.6M$86.5M

SG&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Residential Heating and Cooling$101.3M$98.4M$91.4M$81.2M$78.6M$97.2M
Commercial Heating and Cooling$62M$60.4M$61.1M$58M$61M$74M

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Residential Heating and Cooling$1.7B$1.8B$2B$1.9B$2B$2.1B
Commercial Heating and Cooling$1.1B$1.1B$1.2B$1.3B$1.7B$1.8B

Total income from equity method investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Residential Heating and Cooling-$700K-$700K-$1.7M-$2.4M-$600K-$1.1M
Commercial Heating and Cooling-$1.2M-$400K-$400K-$300K—-$100K