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Side-by-side financial comparison of Lennox International (LII) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× Lennox International). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 13.6%, a 3.0% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (11.1% vs -11.2%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $376.7M).
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 Q — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.3B |
| Net Profit | $162.1M | $211.0M |
| Gross Margin | 34.7% | 45.1% |
| Operating Margin | 18.6% | 21.3% |
| Net Margin | 13.6% | 16.5% |
| Revenue YoY | -11.2% | 11.1% |
| Net Profit YoY | -18.0% | 6.0% |
| EPS (diluted) | $4.62 | $1.01 |
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 | — | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | $162.1M | — | ||
| Q3 25 | $245.8M | $211.0M | ||
| Q2 25 | $277.6M | — | ||
| Q1 25 | $120.3M | — | ||
| Q4 24 | $197.7M | — | ||
| Q3 24 | $239.0M | $199.0M | ||
| Q2 24 | $245.9M | — | ||
| Q1 24 | $124.3M | — |
| Q4 25 | 34.7% | — | ||
| Q3 25 | 32.8% | 45.1% | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 32.6% | 47.0% | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 32.5% | — |
| Q4 25 | 18.6% | — | ||
| Q3 25 | 21.7% | 21.3% | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 20.2% | 21.8% | ||
| Q2 24 | 22.1% | — | ||
| Q1 24 | 15.9% | — |
| Q4 25 | 13.6% | — | ||
| Q3 25 | 17.2% | 16.5% | ||
| Q2 25 | 18.5% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 16.0% | 17.3% | ||
| Q2 24 | 16.9% | — | ||
| Q1 24 | 11.9% | — |
| Q4 25 | $4.62 | — | ||
| Q3 25 | $6.98 | $1.01 | ||
| Q2 25 | $7.82 | — | ||
| Q1 25 | $3.37 | — | ||
| Q4 24 | $5.52 | — | ||
| Q3 24 | $6.68 | $0.95 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.7M | $128.0M |
| Total DebtLower is stronger | $1.1B | $1.7B |
| Stockholders' EquityBook value | $1.2B | $9.1B |
| Total Assets | $4.1B | $12.5B |
| Debt / EquityLower = less leverage | 0.98× | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | — | ||
| Q3 25 | $59.2M | $128.0M | ||
| 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 | $1.7B | ||
| 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 | — | ||
| Q3 25 | $1.1B | $9.1B | ||
| Q2 25 | $900.5M | — | ||
| Q1 25 | $852.5M | — | ||
| Q4 24 | $850.2M | — | ||
| Q3 24 | $754.0M | $11.1B | ||
| Q2 24 | $577.4M | — | ||
| Q1 24 | $368.8M | — |
| Q4 25 | $4.1B | — | ||
| Q3 25 | $3.5B | $12.5B | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.2B | — | ||
| Q1 24 | $3.0B | — |
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | 0.19× | ||
| 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 | $782.0M |
| Free Cash FlowOCF − Capex | $376.7M | $568.0M |
| FCF MarginFCF / Revenue | 31.5% | 44.5% |
| Capex IntensityCapex / Revenue | 2.4% | 16.8% |
| Cash ConversionOCF / Net Profit | 2.50× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | $638.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $405.9M | — | ||
| Q3 25 | $300.7M | $782.0M | ||
| Q2 25 | $86.8M | — | ||
| Q1 25 | $-35.8M | — | ||
| Q4 24 | $332.4M | — | ||
| Q3 24 | $452.1M | — | ||
| Q2 24 | $184.0M | — | ||
| Q1 24 | $-22.8M | — |
| Q4 25 | $376.7M | — | ||
| Q3 25 | $265.1M | $568.0M | ||
| 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% | 44.5% | ||
| 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% | 16.8% | ||
| 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× | — | ||
| Q3 25 | 1.22× | 3.71× | ||
| 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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
Q
| Semiconductor Technologies | $693.0M | 54% |
| Interconnect Solutions | $583.0M | 46% |
