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Side-by-side financial comparison of Brookfield Property Partners L.P. (BPYPP) and Lennox International (LII). Click either name above to swap in a different company.

Brookfield Property Partners L.P. is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.5× Lennox International). Lennox International runs the higher net margin — 13.6% vs -2.6%, a 16.1% gap on every dollar of revenue. On growth, Lennox International posted the faster year-over-year revenue change (-11.2% vs -25.6%).

Brookfield Property Partners L.P. is a limited partnership that owns office buildings and shopping centers/shopping malls, as well as minority limited partner interests in investment funds sponsored by affiliates that invest in other types of commercial property. It is headquartered in Hamilton, Bermuda.

Lennox International Inc. is an American provider of climate control products for the heating, ventilation, and air conditioning (HVAC) and refrigeration markets. Based in Richardson, Texas, the company is 9.8% owned by John W. Norris, III, a descendant of DW Norris, who acquired the company in 1904. The company's largest production facilities are in Saltillo, Mexico, Marshalltown, Iowa, and Orangeburg, South Carolina.

BPYPP vs LII — Head-to-Head

Bigger by revenue
BPYPP
BPYPP
1.5× larger
BPYPP
$1.8B
$1.2B
LII
Growing faster (revenue YoY)
LII
LII
+14.5% gap
LII
-11.2%
-25.6%
BPYPP
Higher net margin
LII
LII
16.1% more per $
LII
13.6%
-2.6%
BPYPP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BPYPP
BPYPP
LII
LII
Revenue
$1.8B
$1.2B
Net Profit
$-46.0M
$162.1M
Gross Margin
34.7%
Operating Margin
18.6%
Net Margin
-2.6%
13.6%
Revenue YoY
-25.6%
-11.2%
Net Profit YoY
94.2%
-18.0%
EPS (diluted)
$4.62

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BPYPP
BPYPP
LII
LII
Q4 25
$1.2B
Q3 25
$1.4B
Q2 25
$1.8B
$1.5B
Q1 25
$1.1B
Q4 24
$1.3B
Q3 24
$1.5B
Q2 24
$2.4B
$1.5B
Q1 24
$1.0B
Net Profit
BPYPP
BPYPP
LII
LII
Q4 25
$162.1M
Q3 25
$245.8M
Q2 25
$-46.0M
$277.6M
Q1 25
$120.3M
Q4 24
$197.7M
Q3 24
$239.0M
Q2 24
$-789.0M
$245.9M
Q1 24
$124.3M
Gross Margin
BPYPP
BPYPP
LII
LII
Q4 25
34.7%
Q3 25
32.8%
Q2 25
34.8%
Q1 25
30.6%
Q4 24
33.9%
Q3 24
32.6%
Q2 24
33.6%
Q1 24
32.5%
Operating Margin
BPYPP
BPYPP
LII
LII
Q4 25
18.6%
Q3 25
21.7%
Q2 25
23.6%
Q1 25
14.5%
Q4 24
18.2%
Q3 24
20.2%
Q2 24
22.1%
Q1 24
15.9%
Net Margin
BPYPP
BPYPP
LII
LII
Q4 25
13.6%
Q3 25
17.2%
Q2 25
-2.6%
18.5%
Q1 25
11.2%
Q4 24
14.7%
Q3 24
16.0%
Q2 24
-32.6%
16.9%
Q1 24
11.9%
EPS (diluted)
BPYPP
BPYPP
LII
LII
Q4 25
$4.62
Q3 25
$6.98
Q2 25
$7.82
Q1 25
$3.37
Q4 24
$5.52
Q3 24
$6.68
Q2 24
$6.87
Q1 24
$3.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BPYPP
BPYPP
LII
LII
Cash + ST InvestmentsLiquidity on hand
$1.7B
$34.7M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$40.2B
$1.2B
Total Assets
$98.9B
$4.1B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BPYPP
BPYPP
LII
LII
Q4 25
$34.7M
Q3 25
$59.2M
Q2 25
$1.7B
$55.1M
Q1 25
$222.9M
Q4 24
$422.3M
Q3 24
$255.7M
Q2 24
$2.4B
$57.8M
Q1 24
$57.6M
Total Debt
BPYPP
BPYPP
LII
LII
Q4 25
$1.1B
Q3 25
$838.2M
Q2 25
$835.7M
Q1 25
$834.2M
Q4 24
$833.1M
Q3 24
$827.6M
Q2 24
$1.1B
Q1 24
$1.2B
Stockholders' Equity
BPYPP
BPYPP
LII
LII
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$40.2B
$900.5M
Q1 25
$852.5M
Q4 24
$850.2M
Q3 24
$754.0M
Q2 24
$48.5B
$577.4M
Q1 24
$368.8M
Total Assets
BPYPP
BPYPP
LII
LII
Q4 25
$4.1B
Q3 25
$3.5B
Q2 25
$98.9B
$3.7B
Q1 25
$3.5B
Q4 24
$3.5B
Q3 24
$3.3B
Q2 24
$132.6B
$3.2B
Q1 24
$3.0B
Debt / Equity
BPYPP
BPYPP
LII
LII
Q4 25
0.98×
Q3 25
0.78×
Q2 25
0.93×
Q1 25
0.98×
Q4 24
0.98×
Q3 24
1.10×
Q2 24
1.95×
Q1 24
3.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BPYPP
BPYPP
LII
LII
Operating Cash FlowLast quarter
$405.9M
Free Cash FlowOCF − Capex
$376.7M
FCF MarginFCF / Revenue
31.5%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
2.50×
TTM Free Cash FlowTrailing 4 quarters
$638.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BPYPP
BPYPP
LII
LII
Q4 25
$405.9M
Q3 25
$300.7M
Q2 25
$86.8M
Q1 25
$-35.8M
Q4 24
$332.4M
Q3 24
$452.1M
Q2 24
$184.0M
Q1 24
$-22.8M
Free Cash Flow
BPYPP
BPYPP
LII
LII
Q4 25
$376.7M
Q3 25
$265.1M
Q2 25
$58.3M
Q1 25
$-61.3M
Q4 24
$272.2M
Q3 24
$410.9M
Q2 24
$151.3M
Q1 24
$-52.3M
FCF Margin
BPYPP
BPYPP
LII
LII
Q4 25
31.5%
Q3 25
18.6%
Q2 25
3.9%
Q1 25
-5.7%
Q4 24
20.2%
Q3 24
27.4%
Q2 24
10.4%
Q1 24
-5.0%
Capex Intensity
BPYPP
BPYPP
LII
LII
Q4 25
2.4%
Q3 25
2.5%
Q2 25
1.9%
Q1 25
2.4%
Q4 24
4.5%
Q3 24
2.8%
Q2 24
2.3%
Q1 24
2.8%
Cash Conversion
BPYPP
BPYPP
LII
LII
Q4 25
2.50×
Q3 25
1.22×
Q2 25
0.31×
Q1 25
-0.30×
Q4 24
1.68×
Q3 24
1.89×
Q2 24
0.75×
Q1 24
-0.18×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BPYPP
BPYPP

Segment breakdown not available.

LII
LII

Residential Heating And Cooling$699.8M59%
Commercial Heating And Cooling$495.2M41%

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