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Side-by-side financial comparison of Lennox International (LII) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Lennox International). Lennox International runs the higher net margin — 13.6% vs 4.4%, a 9.2% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs -11.2%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.
LII vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $162.1M | $59.7M |
| Gross Margin | 34.7% | — |
| Operating Margin | 18.6% | 7.0% |
| Net Margin | 13.6% | 4.4% |
| Revenue YoY | -11.2% | 18.4% |
| Net Profit YoY | -18.0% | 3022.5% |
| EPS (diluted) | $4.62 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.5B | $1.0B | ||
| Q2 24 | $1.5B | $981.4M | ||
| Q1 24 | $1.0B | $934.3M |
| Q4 25 | $162.1M | $59.7M | ||
| Q3 25 | $245.8M | $52.4M | ||
| Q2 25 | $277.6M | $51.0M | ||
| Q1 25 | $120.3M | $28.5M | ||
| Q4 24 | $197.7M | $1.9M | ||
| Q3 24 | $239.0M | $15.6M | ||
| Q2 24 | $245.9M | $-10.9M | ||
| Q1 24 | $124.3M | $49.1M |
| Q4 25 | 34.7% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 32.6% | 17.1% | ||
| Q2 24 | 33.6% | 22.3% | ||
| Q1 24 | 32.5% | 21.2% |
| Q4 25 | 18.6% | 7.0% | ||
| Q3 25 | 21.7% | 6.4% | ||
| Q2 25 | 23.6% | 6.2% | ||
| Q1 25 | 14.5% | 3.8% | ||
| Q4 24 | 18.2% | 1.7% | ||
| Q3 24 | 20.2% | 2.2% | ||
| Q2 24 | 22.1% | 0.1% | ||
| Q1 24 | 15.9% | 8.6% |
| Q4 25 | 13.6% | 4.4% | ||
| Q3 25 | 17.2% | 3.9% | ||
| Q2 25 | 18.5% | 3.9% | ||
| Q1 25 | 11.2% | 2.2% | ||
| Q4 24 | 14.7% | 0.2% | ||
| Q3 24 | 16.0% | 1.5% | ||
| Q2 24 | 16.9% | -1.1% | ||
| Q1 24 | 11.9% | 5.3% |
| Q4 25 | $4.62 | $0.42 | ||
| Q3 25 | $6.98 | $0.32 | ||
| Q2 25 | $7.82 | $0.31 | ||
| Q1 25 | $3.37 | $0.17 | ||
| Q4 24 | $5.52 | $-0.03 | ||
| Q3 24 | $6.68 | $0.10 | ||
| Q2 24 | $6.87 | $-0.07 | ||
| Q1 24 | $3.47 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | $1.1B | $353.2M |
| Stockholders' EquityBook value | $1.2B | $946.8M |
| Total Assets | $4.1B | $5.6B |
| Debt / EquityLower = less leverage | 0.98× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | $197.0M | ||
| Q3 25 | $59.2M | $355.7M | ||
| Q2 25 | $55.1M | $294.2M | ||
| Q1 25 | $222.9M | $287.5M | ||
| Q4 24 | $422.3M | $157.7M | ||
| Q3 24 | $255.7M | $49.5M | ||
| Q2 24 | $57.8M | $73.4M | ||
| Q1 24 | $57.6M | $81.2M |
| Q4 25 | $1.1B | $353.2M | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | $411.9M | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $1.2B | $946.8M | ||
| Q3 25 | $1.1B | $871.3M | ||
| Q2 25 | $900.5M | $806.8M | ||
| Q1 25 | $852.5M | $750.2M | ||
| Q4 24 | $850.2M | $709.6M | ||
| Q3 24 | $754.0M | $660.0M | ||
| Q2 24 | $577.4M | $572.1M | ||
| Q1 24 | $368.8M | $128.0M |
| Q4 25 | $4.1B | $5.6B | ||
| Q3 25 | $3.5B | $5.6B | ||
| Q2 25 | $3.7B | $5.5B | ||
| Q1 25 | $3.5B | $5.5B | ||
| Q4 24 | $3.5B | $5.2B | ||
| Q3 24 | $3.3B | $4.5B | ||
| Q2 24 | $3.2B | $3.9B | ||
| Q1 24 | $3.0B | $3.9B |
| Q4 25 | 0.98× | 0.37× | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | 0.58× | ||
| 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 | $-3.4M |
| Free Cash FlowOCF − Capex | $376.7M | — |
| FCF MarginFCF / Revenue | 31.5% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | 2.50× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $638.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $405.9M | $-3.4M | ||
| Q3 25 | $300.7M | $204.8M | ||
| Q2 25 | $86.8M | $52.6M | ||
| Q1 25 | $-35.8M | $150.2M | ||
| Q4 24 | $332.4M | $64.6M | ||
| Q3 24 | $452.1M | $209.2M | ||
| Q2 24 | $184.0M | $34.8M | ||
| Q1 24 | $-22.8M | $58.8M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 2.50× | -0.06× | ||
| Q3 25 | 1.22× | 3.91× | ||
| Q2 25 | 0.31× | 1.03× | ||
| Q1 25 | -0.30× | 5.28× | ||
| Q4 24 | 1.68× | 33.78× | ||
| Q3 24 | 1.89× | 13.39× | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | -0.18× | 1.20× |
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% |
PACS
Segment breakdown not available.
