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Side-by-side financial comparison of Lennox International (LII) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
Lennox International is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.0× M/I HOMES, INC.). Lennox International runs the higher net margin — 13.6% vs 5.6%, a 8.0% gap on every dollar of revenue. On growth, M/I HOMES, INC. posted the faster year-over-year revenue change (-4.8% vs -11.2%). Lennox International produced more free cash flow last quarter ($376.7M vs $-13.0M). Over the past eight quarters, Lennox International's revenue compounded faster (6.8% CAGR vs 4.7%).
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.
M/I Homes, Inc. is a leading U.S. residential construction company that designs, builds and sells single-family homes, townhomes and duplexes across multiple U.S. states. It caters to entry-level, move-up and luxury homebuyers, offering energy-efficient designs, flexible floor plans and personalized customization options.
LII vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.1B |
| Net Profit | $162.1M | $64.0M |
| Gross Margin | 34.7% | 17.4% |
| Operating Margin | 18.6% | 6.5% |
| Net Margin | 13.6% | 5.6% |
| Revenue YoY | -11.2% | -4.8% |
| Net Profit YoY | -18.0% | -52.1% |
| EPS (diluted) | $4.62 | $2.42 |
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 | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.1B | $976.1M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.0B | $1.0B |
| Q4 25 | $162.1M | $64.0M | ||
| Q3 25 | $245.8M | $106.5M | ||
| Q2 25 | $277.6M | $121.2M | ||
| Q1 25 | $120.3M | $111.2M | ||
| Q4 24 | $197.7M | $133.5M | ||
| Q3 24 | $239.0M | $145.4M | ||
| Q2 24 | $245.9M | $146.7M | ||
| Q1 24 | $124.3M | $138.1M |
| Q4 25 | 34.7% | 17.4% | ||
| Q3 25 | 32.8% | 24.5% | ||
| Q2 25 | 34.8% | 24.7% | ||
| Q1 25 | 30.6% | 25.9% | ||
| Q4 24 | 33.9% | 24.6% | ||
| Q3 24 | 32.6% | 27.1% | ||
| Q2 24 | 33.6% | 27.9% | ||
| Q1 24 | 32.5% | 27.1% |
| Q4 25 | 18.6% | 6.5% | ||
| Q3 25 | 21.7% | 12.0% | ||
| Q2 25 | 23.6% | 13.4% | ||
| Q1 25 | 14.5% | 14.4% | ||
| Q4 24 | 18.2% | 13.6% | ||
| Q3 24 | 20.2% | 15.9% | ||
| Q2 24 | 22.1% | 16.8% | ||
| Q1 24 | 15.9% | 16.6% |
| Q4 25 | 13.6% | 5.6% | ||
| Q3 25 | 17.2% | 9.4% | ||
| Q2 25 | 18.5% | 10.4% | ||
| Q1 25 | 11.2% | 11.4% | ||
| Q4 24 | 14.7% | 11.1% | ||
| Q3 24 | 16.0% | 12.7% | ||
| Q2 24 | 16.9% | 13.2% | ||
| Q1 24 | 11.9% | 13.2% |
| Q4 25 | $4.62 | $2.42 | ||
| Q3 25 | $6.98 | $3.92 | ||
| Q2 25 | $7.82 | $4.42 | ||
| Q1 25 | $3.37 | $3.98 | ||
| Q4 24 | $5.52 | $4.71 | ||
| Q3 24 | $6.68 | $5.10 | ||
| Q2 24 | $6.87 | $5.12 | ||
| Q1 24 | $3.47 | $4.78 |
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 | — |
| Stockholders' EquityBook value | $1.2B | $3.2B |
| Total Assets | $4.1B | $4.8B |
| Debt / EquityLower = less leverage | 0.98× | — |
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 | — | ||
| 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 | — |
| Q4 25 | $1.2B | $3.2B | ||
| Q3 25 | $1.1B | $3.1B | ||
| Q2 25 | $900.5M | $3.1B | ||
| Q1 25 | $852.5M | $3.0B | ||
| Q4 24 | $850.2M | $2.9B | ||
| Q3 24 | $754.0M | $2.8B | ||
| Q2 24 | $577.4M | $2.7B | ||
| Q1 24 | $368.8M | $2.6B |
| Q4 25 | $4.1B | $4.8B | ||
| Q3 25 | $3.5B | $4.8B | ||
| Q2 25 | $3.7B | $4.7B | ||
| Q1 25 | $3.5B | $4.6B | ||
| Q4 24 | $3.5B | $4.5B | ||
| Q3 24 | $3.3B | $4.5B | ||
| Q2 24 | $3.2B | $4.3B | ||
| Q1 24 | $3.0B | $4.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $405.9M | $-8.7M |
| Free Cash FlowOCF − Capex | $376.7M | $-13.0M |
| FCF MarginFCF / Revenue | 31.5% | -1.1% |
| Capex IntensityCapex / Revenue | 2.4% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.50× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $638.8M | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $405.9M | $-8.7M | ||
| Q3 25 | $300.7M | $43.4M | ||
| Q2 25 | $86.8M | $37.8M | ||
| Q1 25 | $-35.8M | $64.9M | ||
| Q4 24 | $332.4M | $104.4M | ||
| Q3 24 | $452.1M | $-67.9M | ||
| Q2 24 | $184.0M | $27.5M | ||
| Q1 24 | $-22.8M | $115.8M |
| Q4 25 | $376.7M | $-13.0M | ||
| Q3 25 | $265.1M | $42.0M | ||
| Q2 25 | $58.3M | $35.1M | ||
| Q1 25 | $-61.3M | $63.5M | ||
| Q4 24 | $272.2M | $102.3M | ||
| Q3 24 | $410.9M | $-68.5M | ||
| Q2 24 | $151.3M | $22.0M | ||
| Q1 24 | $-52.3M | $115.5M |
| Q4 25 | 31.5% | -1.1% | ||
| Q3 25 | 18.6% | 3.7% | ||
| Q2 25 | 3.9% | 3.0% | ||
| Q1 25 | -5.7% | 6.5% | ||
| Q4 24 | 20.2% | 8.5% | ||
| Q3 24 | 27.4% | -6.0% | ||
| Q2 24 | 10.4% | 2.0% | ||
| Q1 24 | -5.0% | 11.0% |
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 2.5% | 0.1% | ||
| Q2 25 | 1.9% | 0.2% | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | 4.5% | 0.2% | ||
| Q3 24 | 2.8% | 0.1% | ||
| Q2 24 | 2.3% | 0.5% | ||
| Q1 24 | 2.8% | 0.0% |
| Q4 25 | 2.50× | -0.14× | ||
| Q3 25 | 1.22× | 0.41× | ||
| Q2 25 | 0.31× | 0.31× | ||
| Q1 25 | -0.30× | 0.58× | ||
| Q4 24 | 1.68× | 0.78× | ||
| Q3 24 | 1.89× | -0.47× | ||
| Q2 24 | 0.75× | 0.19× | ||
| Q1 24 | -0.18× | 0.84× |
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% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
