Lennox International Inc (LII)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,547,800 | 1,284,700 | 1,188,400 | 1,040,100 | 1,079,800 |
| Revenue | US$ in thousands | 4,981,900 | 4,718,400 | 4,194,100 | 3,634,100 | 3,807,200 |
| Gross profit margin | 31.07% | 27.23% | 28.34% | 28.62% | 28.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,547,800K ÷ $4,981,900K
= 31.07%
The gross profit margin of Lennox International Inc has shown a gradual improvement over the past five years, with a significant increase from 27.23% in 2019 to 31.07% in 2023. This indicates that the company has been able to effectively manage its cost of goods sold and generate higher profitability from its sales during this period. However, it is worth noting that there was a slight dip in 2022 compared to the previous year, but the overall trend suggests an upward trajectory in the company's gross profit margin. This improvement reflects positively on Lennox International Inc's ability to maintain a healthy level of profitability from its core business operations.
Peer comparison
Dec 31, 2023