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Side-by-side financial comparison of Lennox International (LII) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.3× Lennox International). Lennox International runs the higher net margin — 13.6% vs 13.2%, a 0.4% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs -11.2%). Lennox International produced more free cash flow last quarter ($376.7M vs $273.9M). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% CAGR vs 6.8%).
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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
LII vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $162.1M | $202.5M |
| Gross Margin | 34.7% | 99.7% |
| Operating Margin | 18.6% | 16.2% |
| Net Margin | 13.6% | 13.2% |
| Revenue YoY | -11.2% | 12.4% |
| Net Profit YoY | -18.0% | 100.4% |
| EPS (diluted) | $4.62 | $3.66 |
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.
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.1B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.0B | $1.3B |
| Q4 25 | $162.1M | $202.5M | ||
| Q3 25 | $245.8M | $280.4M | ||
| Q2 25 | $277.6M | $166.5M | ||
| Q1 25 | $120.3M | $-108.3M | ||
| Q4 24 | $197.7M | $101.1M | ||
| Q3 24 | $239.0M | $230.9M | ||
| Q2 24 | $245.9M | $62.6M | ||
| Q1 24 | $124.3M | $73.5M |
| Q4 25 | 34.7% | 99.7% | ||
| Q3 25 | 32.8% | 99.8% | ||
| Q2 25 | 34.8% | 99.8% | ||
| Q1 25 | 30.6% | 99.7% | ||
| Q4 24 | 33.9% | 99.7% | ||
| Q3 24 | 32.6% | 99.8% | ||
| Q2 24 | 33.6% | 99.8% | ||
| Q1 24 | 32.5% | 99.7% |
| Q4 25 | 18.6% | 16.2% | ||
| Q3 25 | 21.7% | 22.1% | ||
| Q2 25 | 23.6% | 14.0% | ||
| Q1 25 | 14.5% | -10.2% | ||
| Q4 24 | 18.2% | 9.0% | ||
| Q3 24 | 20.2% | 18.8% | ||
| Q2 24 | 22.1% | 5.8% | ||
| Q1 24 | 15.9% | 7.0% |
| Q4 25 | 13.6% | 13.2% | ||
| Q3 25 | 17.2% | 17.7% | ||
| Q2 25 | 18.5% | 11.3% | ||
| Q1 25 | 11.2% | -7.8% | ||
| Q4 24 | 14.7% | 7.4% | ||
| Q3 24 | 16.0% | 15.1% | ||
| Q2 24 | 16.9% | 4.8% | ||
| Q1 24 | 11.9% | 5.8% |
| Q4 25 | $4.62 | $3.66 | ||
| Q3 25 | $6.98 | $5.06 | ||
| Q2 25 | $7.82 | $3.01 | ||
| Q1 25 | $3.37 | $-1.96 | ||
| Q4 24 | $5.52 | $1.82 | ||
| Q3 24 | $6.68 | $4.17 | ||
| Q2 24 | $6.87 | $1.13 | ||
| Q1 24 | $3.47 | $1.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.7M | — |
| Total DebtLower is stronger | $1.1B | $575.0M |
| Stockholders' EquityBook value | $1.2B | $2.4B |
| Total Assets | $4.1B | $9.6B |
| Debt / EquityLower = less leverage | 0.98× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | — | ||
| Q3 25 | $59.2M | — | ||
| Q2 25 | $55.1M | — | ||
| Q1 25 | $222.9M | — | ||
| Q4 24 | $422.3M | — | ||
| Q3 24 | $255.7M | — | ||
| Q2 24 | $57.8M | — | ||
| Q1 24 | $57.6M | — |
| Q4 25 | $1.1B | $575.0M | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | $575.0M | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $1.2B | $2.4B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $900.5M | $2.0B | ||
| Q1 25 | $852.5M | $1.8B | ||
| Q4 24 | $850.2M | $1.9B | ||
| Q3 24 | $754.0M | $1.9B | ||
| Q2 24 | $577.4M | $1.6B | ||
| Q1 24 | $368.8M | $1.6B |
| Q4 25 | $4.1B | $9.6B | ||
| Q3 25 | $3.5B | $9.4B | ||
| Q2 25 | $3.7B | $9.1B | ||
| Q1 25 | $3.5B | $9.0B | ||
| Q4 24 | $3.5B | $8.3B | ||
| Q3 24 | $3.3B | $8.2B | ||
| Q2 24 | $3.2B | $7.7B | ||
| Q1 24 | $3.0B | $7.4B |
| Q4 25 | 0.98× | 0.24× | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | 0.30× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $405.9M | $287.9M |
| Free Cash FlowOCF − Capex | $376.7M | $273.9M |
| FCF MarginFCF / Revenue | 31.5% | 17.8% |
| Capex IntensityCapex / Revenue | 2.4% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.50× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $638.8M | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $405.9M | $287.9M | ||
| Q3 25 | $300.7M | $496.4M | ||
| Q2 25 | $86.8M | $371.6M | ||
| Q1 25 | $-35.8M | $-68.7M | ||
| Q4 24 | $332.4M | $248.3M | ||
| Q3 24 | $452.1M | $318.1M | ||
| Q2 24 | $184.0M | $278.0M | ||
| Q1 24 | $-22.8M | $192.6M |
| Q4 25 | $376.7M | $273.9M | ||
| Q3 25 | $265.1M | $479.5M | ||
| Q2 25 | $58.3M | $357.2M | ||
| Q1 25 | $-61.3M | $-81.9M | ||
| Q4 24 | $272.2M | $236.0M | ||
| Q3 24 | $410.9M | $306.2M | ||
| Q2 24 | $151.3M | $266.5M | ||
| Q1 24 | $-52.3M | $182.4M |
| Q4 25 | 31.5% | 17.8% | ||
| Q3 25 | 18.6% | 30.3% | ||
| Q2 25 | 3.9% | 24.2% | ||
| Q1 25 | -5.7% | -5.9% | ||
| Q4 24 | 20.2% | 17.3% | ||
| Q3 24 | 27.4% | 20.0% | ||
| Q2 24 | 10.4% | 20.4% | ||
| Q1 24 | -5.0% | 14.3% |
| Q4 25 | 2.4% | 0.9% | ||
| Q3 25 | 2.5% | 1.1% | ||
| Q2 25 | 1.9% | 1.0% | ||
| Q1 25 | 2.4% | 0.9% | ||
| Q4 24 | 4.5% | 0.9% | ||
| Q3 24 | 2.8% | 0.8% | ||
| Q2 24 | 2.3% | 0.9% | ||
| Q1 24 | 2.8% | 0.8% |
| Q4 25 | 2.50× | 1.42× | ||
| Q3 25 | 1.22× | 1.77× | ||
| Q2 25 | 0.31× | 2.23× | ||
| Q1 25 | -0.30× | — | ||
| Q4 24 | 1.68× | 2.46× | ||
| Q3 24 | 1.89× | 1.38× | ||
| Q2 24 | 0.75× | 4.44× | ||
| Q1 24 | -0.18× | 2.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
MCY
Segment breakdown not available.
