Lennox International
Lennox International returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 33.88% | 38.36% | -4.67% | 70.48% | 18.9% | 26.2 pp |
| FY 2026 Q1 | Mar 31, 2026 | 36.96% | 39.66% | -0.56% | 75.79% | 20.21% | 29.3 pp |
| FY 2025 Q4 | Dec 31, 2025 | 41.07% | 41.26% | 0.19% | 80.05% | 21.34% | 33.4 pp |
| FY 2025 Q3 | Sep 30, 2025 | 47.21% | 48.47% | 20.34% | 92.25% | 24.61% | 39.5 pp |
| FY 2025 Q2 | Jun 30, 2025 | 44.69% | 48.6% | 81.9% | 112.94% | 24.28% | 37 pp |
| FY 2025 Q1 | Mar 31, 2025 | 47.08% | 50.56% | 492.25% | 131.48% | 24.93% | 39.4 pp |
| FY 2024 Q4 | Dec 31, 2024 | 53.99% | 52.5% | 393.2% | 142.12% | 25.74% | 46.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | 50.09% | 53.71% | 149.34% | 165.01% | 24.3% | 42.4 pp |
| FY 2024 Q2 | Jun 30, 2024 | 40.16% | 51.18% | 39.65% | 201.59% | 20.8% | 32.5 pp |
| FY 2024 Q1 | Mar 31, 2024 | 40.46% | 52.22% | 43.57% | 507.53% | 21.42% | 32.8 pp |
| FY 2023 Q4 | Dec 31, 2023 | 45.17% | 57.35% | 39.31% | 1,435.77% | 21.99% | 37.5 pp |
| FY 2023 Q3 | Sep 30, 2023 | 42.03% | 44.26% | 26.27% | — | 19.58% | 34.3 pp |
| FY 2023 Q2 | Jun 30, 2023 | 42.07% | 50.21% | 27.18% | — | 19.56% | 34.4 pp |
| FY 2023 Q1 | Mar 31, 2023 | 41.19% | 48.13% | 18.27% | — | 19.57% | 33.5 pp |
| FY 2022 Q4 | Dec 31, 2022 | 48.01% | 56.65% | 12.28% | — | 20.98% | 40.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | 47.7% | 45.8% | -0.51% | — | 20.48% | 40 pp |
| FY 2022 Q2 | Jun 30, 2022 | 44.82% | 42.22% | -10.27% | — | 19.36% | 37.1 pp |
| FY 2022 Q1 | Mar 31, 2022 | 45.57% | 41.67% | 18.04% | — | 20.45% | 37.9 pp |
| FY 2021 Q4 | Dec 31, 2021 | 55.03% | 44.12% | 107.14% | — | 22.07% | 47.3 pp |
| FY 2021 Q3 | Sep 30, 2021 | 59.26% | 55.1% | 162.23% | — | 23.98% | 51.6 pp |
| FY 2021 Q2 | Jun 30, 2021 | 49.76% | 54.73% | — | — | 22.99% | 42.1 pp |
| FY 2021 Q1 | Mar 31, 2021 | 44.05% | 45.23% | — | — | 20.35% | 36.4 pp |
| FY 2020 Q4 | Dec 31, 2020 | 42.57% | 40.49% | — | — | 17.52% | 34.9 pp |
| FY 2020 Q3 | Sep 30, 2020 | 42.47% | 44.72% | — | — | 17.09% | 34.8 pp |
| FY 2020 Q2 | Jun 30, 2020 | 34.74% | 42.63% | — | — | 15.3% | 27 pp |
| FY 2020 Q1 | Mar 31, 2020 | 43.53% | 49.43% | 164.62% | — | 16.64% | 35.8 pp |
| FY 2019 Q4 | Dec 31, 2019 | 58.45% | 71.37% | 115.3% | — | 21.22% | 50.8 pp |
| FY 2019 Q3 | Sep 30, 2019 | 43.02% | 50.02% | 74.55% | — | 17.95% | 35.3 pp |
| FY 2019 Q2 | Jun 30, 2019 | 38.23% | 43.49% | 125.58% | — | 16.38% | 30.5 pp |
| FY 2019 Q1 | Mar 31, 2019 | 38.92% | 43.04% | — | — | 18.63% | 31.2 pp |
| FY 2018 Q4 | Dec 31, 2018 | 42.85% | 49.81% | — | — | 19.36% | 35.1 pp |
| FY 2018 Q3 | Sep 30, 2018 | 34.06% | 44.13% | — | — | 16.47% | 26.4 pp |
| FY 2018 Q2 | Jun 30, 2018 | 30.65% | 40.32% | — | — | 15.17% | 23 pp |
| FY 2018 Q1 | Mar 31, 2018 | 29.58% | 42.57% | 7.34% | — | 14.86% | 21.9 pp |
| FY 2017 Q4 | Dec 31, 2017 | 35.54% | 46.9% | 23.26% | 693.98% | 16.74% | 27.8 pp |
| FY 2017 Q3 | Sep 30, 2017 | 30.66% | 51.84% | 93.63% | — | 15.21% | 23 pp |
| FY 2017 Q2 | Jun 30, 2017 | 29.51% | 44.82% | 92.06% | — | 14.44% | 21.8 pp |
| FY 2017 Q1 | Mar 31, 2017 | 31.12% | 45.31% | 153.25% | — | 15.55% | 23.4 pp |
| FY 2016 Q4 | Dec 31, 2016 | 35.74% | 49.7% | 191.84% | 397.99% | 16.15% | 28 pp |
| FY 2016 Q3 | Sep 30, 2016 | 26.5% | 43.22% | 56.59% | — | 13.05% | 18.8 pp |
| FY 2016 Q2 | Jun 30, 2016 | 23.03% | 34.69% | — | — | 11.21% | 15.3 pp |
| FY 2016 Q1 | Mar 31, 2016 | 21.14% | 29.73% | — | — | 10.57% | 13.4 pp |
| FY 2015 Q4 | Dec 31, 2015 | 23.75% | 34.06% | — | 337.43% | 10.83% | 16 pp |
| FY 2015 Q3 | Sep 30, 2015 | 23.38% | 34.62% | — | 73.43% | 11.71% | 15.7 pp |
| FY 2015 Q2 | Jun 30, 2015 | 20.92% | 30.18% | — | 72.12% | 10.36% | 13.2 pp |
| FY 2015 Q1 | Mar 31, 2015 | 20.98% | 30.12% | 133.4% | 84.06% | 10.9% | 13.3 pp |
| FY 2014 Q4 | Dec 31, 2014 | 25.13% | 36.19% | 60.74% | 83.2% | 12.14% | 17.4 pp |
| FY 2014 Q3 | Sep 30, 2014 | 21.34% | 31.27% | 13.92% | 39.92% | 10.81% | 13.6 pp |
| FY 2014 Q2 | Jun 30, 2014 | 20.26% | 28.43% | 27.62% | 40.05% | 10.12% | 12.6 pp |
| FY 2014 Q1 | Mar 31, 2014 | 19.84% | 26.58% | 51.01% | 38.94% | 10.49% | 12.1 pp |
| FY 2013 Q4 | Dec 31, 2013 | 22.57% | 29.41% | 259.97% | 34.97% | 10.35% | 14.9 pp |
| FY 2013 Q3 | Sep 30, 2013 | 20% | 25.87% | — | 31.97% | 8.93% | 12.3 pp |
| FY 2013 Q2 | Jun 30, 2013 | 17.6% | 22% | — | 26.31% | 6.61% | 9.9 pp |
| FY 2013 Q1 | Mar 31, 2013 | 16.07% | 19.28% | — | 22.37% | 5.94% | 8.4 pp |
| FY 2012 Q4 | Dec 31, 2012 | 17.06% | 20.05% | — | 18.66% | 5.3% | 9.4 pp |
| FY 2012 Q3 | Sep 30, 2012 | 14.46% | 16.43% | — | 16.8% | 4.67% | 6.8 pp |
| FY 2012 Q2 | Jun 30, 2012 | 11.7% | 12.85% | — | 16.3% | 4.56% | 4 pp |
| FY 2012 Q1 | Mar 31, 2012 | 12.04% | 13.12% | — | 17.12% | 4.85% | 4.3 pp |
| FY 2011 Q4 | Dec 31, 2011 | 13.49% | 13.37% | -14.83% | 16.7% | 5.2% | 5.8 pp |
| FY 2011 Q3 | Sep 30, 2011 | — | 14.7% | — | 18.82% | 5.62% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 14.9% | — | 19.1% | 5.82% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · LII, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.