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Side-by-side financial comparison of Lennox International (LII) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.1B vs $1.2B, roughly 1.7× Lennox International). UGI CORP runs the higher net margin — 14.4% vs 13.6%, a 0.8% gap on every dollar of revenue. On growth, UGI CORP posted the faster year-over-year revenue change (3.9% vs -11.2%). Lennox International produced more free cash flow last quarter ($376.7M vs $-155.0M). Over the past eight quarters, Lennox International's revenue compounded faster (6.8% CAGR vs -7.5%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
LII vs UGI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.1B |
| Net Profit | $162.1M | $297.0M |
| Gross Margin | 34.7% | — |
| Operating Margin | 18.6% | 22.0% |
| Net Margin | 13.6% | 14.4% |
| Revenue YoY | -11.2% | 3.9% |
| Net Profit YoY | -18.0% | -20.8% |
| EPS (diluted) | $4.62 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.1B | $2.6B | ||
| Q4 24 | $1.3B | $2.0B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.0B | $2.4B |
| Q4 25 | $162.1M | $297.0M | ||
| Q3 25 | $245.8M | $-13.0M | ||
| Q2 25 | $277.6M | $-163.0M | ||
| Q1 25 | $120.3M | $479.0M | ||
| Q4 24 | $197.7M | $375.0M | ||
| Q3 24 | $239.0M | $-273.0M | ||
| Q2 24 | $245.9M | $-48.0M | ||
| Q1 24 | $124.3M | $496.0M |
| 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% | — |
| Q4 25 | 18.6% | 22.0% | ||
| Q3 25 | 21.7% | 1.1% | ||
| Q2 25 | 23.6% | -6.8% | ||
| Q1 25 | 14.5% | 26.6% | ||
| Q4 24 | 18.2% | 24.5% | ||
| Q3 24 | 20.2% | -20.4% | ||
| Q2 24 | 22.1% | 5.0% | ||
| Q1 24 | 15.9% | 29.7% |
| Q4 25 | 13.6% | 14.4% | ||
| Q3 25 | 17.2% | -1.1% | ||
| Q2 25 | 18.5% | -12.0% | ||
| Q1 25 | 11.2% | 18.2% | ||
| Q4 24 | 14.7% | 18.9% | ||
| Q3 24 | 16.0% | -22.6% | ||
| Q2 24 | 16.9% | -3.6% | ||
| Q1 24 | 11.9% | 20.6% |
| Q4 25 | $4.62 | $1.34 | ||
| Q3 25 | $6.98 | $-0.08 | ||
| Q2 25 | $7.82 | $-0.76 | ||
| Q1 25 | $3.37 | $2.19 | ||
| Q4 24 | $5.52 | $1.74 | ||
| Q3 24 | $6.68 | $-1.26 | ||
| Q2 24 | $6.87 | $-0.23 | ||
| Q1 24 | $3.47 | $2.30 |
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 | $251.0M |
| Total DebtLower is stronger | $1.1B | $6.0B |
| Stockholders' EquityBook value | $1.2B | $5.0B |
| Total Assets | $4.1B | $15.8B |
| Debt / EquityLower = less leverage | 0.98× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | $251.0M | ||
| Q3 25 | $59.2M | $335.0M | ||
| Q2 25 | $55.1M | $350.0M | ||
| Q1 25 | $222.9M | $426.0M | ||
| Q4 24 | $422.3M | $240.0M | ||
| Q3 24 | $255.7M | $213.0M | ||
| Q2 24 | $57.8M | $183.0M | ||
| Q1 24 | $57.6M | $263.0M |
| Q4 25 | $1.1B | $6.0B | ||
| Q3 25 | $838.2M | $6.5B | ||
| Q2 25 | $835.7M | $5.7B | ||
| Q1 25 | $834.2M | $6.6B | ||
| Q4 24 | $833.1M | $6.6B | ||
| Q3 24 | $827.6M | $6.4B | ||
| Q2 24 | $1.1B | $6.3B | ||
| Q1 24 | $1.2B | $6.7B |
| Q4 25 | $1.2B | $5.0B | ||
| Q3 25 | $1.1B | $4.8B | ||
| Q2 25 | $900.5M | $4.9B | ||
| Q1 25 | $852.5M | $5.0B | ||
| Q4 24 | $850.2M | $4.6B | ||
| Q3 24 | $754.0M | $4.3B | ||
| Q2 24 | $577.4M | $4.7B | ||
| Q1 24 | $368.8M | $4.8B |
| Q4 25 | $4.1B | $15.8B | ||
| Q3 25 | $3.5B | $15.5B | ||
| Q2 25 | $3.7B | $15.4B | ||
| Q1 25 | $3.5B | $15.7B | ||
| Q4 24 | $3.5B | $15.4B | ||
| Q3 24 | $3.3B | $15.1B | ||
| Q2 24 | $3.2B | $15.1B | ||
| Q1 24 | $3.0B | $15.6B |
| Q4 25 | 0.98× | 1.19× | ||
| Q3 25 | 0.78× | 1.37× | ||
| Q2 25 | 0.93× | 1.17× | ||
| Q1 25 | 0.98× | 1.32× | ||
| Q4 24 | 0.98× | 1.44× | ||
| Q3 24 | 1.10× | 1.48× | ||
| Q2 24 | 1.95× | 1.34× | ||
| Q1 24 | 3.13× | 1.40× |
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 | $66.0M |
| Free Cash FlowOCF − Capex | $376.7M | $-155.0M |
| FCF MarginFCF / Revenue | 31.5% | -7.5% |
| Capex IntensityCapex / Revenue | 2.4% | 10.7% |
| Cash ConversionOCF / Net Profit | 2.50× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $638.8M | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $405.9M | $66.0M | ||
| Q3 25 | $300.7M | $90.0M | ||
| Q2 25 | $86.8M | $289.0M | ||
| Q1 25 | $-35.8M | $684.0M | ||
| Q4 24 | $332.4M | $164.0M | ||
| Q3 24 | $452.1M | $151.0M | ||
| Q2 24 | $184.0M | $390.0M | ||
| Q1 24 | $-22.8M | $522.0M |
| Q4 25 | $376.7M | $-155.0M | ||
| Q3 25 | $265.1M | $-168.0M | ||
| Q2 25 | $58.3M | $67.0M | ||
| Q1 25 | $-61.3M | $538.0M | ||
| Q4 24 | $272.2M | $-47.0M | ||
| Q3 24 | $410.9M | $-115.0M | ||
| Q2 24 | $151.3M | $185.0M | ||
| Q1 24 | $-52.3M | $353.0M |
| Q4 25 | 31.5% | -7.5% | ||
| Q3 25 | 18.6% | -14.4% | ||
| Q2 25 | 3.9% | 4.9% | ||
| Q1 25 | -5.7% | 20.4% | ||
| Q4 24 | 20.2% | -2.4% | ||
| Q3 24 | 27.4% | -9.5% | ||
| Q2 24 | 10.4% | 13.7% | ||
| Q1 24 | -5.0% | 14.6% |
| Q4 25 | 2.4% | 10.7% | ||
| Q3 25 | 2.5% | 22.1% | ||
| Q2 25 | 1.9% | 16.3% | ||
| Q1 25 | 2.4% | 5.5% | ||
| Q4 24 | 4.5% | 10.6% | ||
| Q3 24 | 2.8% | 22.0% | ||
| Q2 24 | 2.3% | 15.2% | ||
| Q1 24 | 2.8% | 7.0% |
| Q4 25 | 2.50× | 0.22× | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | -0.30× | 1.43× | ||
| Q4 24 | 1.68× | 0.44× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | -0.18× | 1.05× |
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% |
UGI
Segment breakdown not available.
