Lennox International Inc (LII)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,771,900 | 1,547,800 | 1,284,700 | 1,188,400 | 1,040,100 |
| Revenue | US$ in thousands | 5,341,300 | 4,981,900 | 4,718,400 | 4,194,100 | 3,634,100 |
| Gross profit margin | 33.17% | 31.07% | 27.23% | 28.34% | 28.62% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,771,900K ÷ $5,341,300K
= 33.17%
Lennox International Inc's gross profit margin has shown a fluctuating trend over the past five years. In December 2020, the gross profit margin stood at 28.62%, slightly decreasing to 28.34% by December 2021. Subsequently, by December 2022, the margin decreased further to 27.23%.
However, there was a notable improvement in the company's gross profit margin in the following years. By December 2023, the margin increased to 31.07%, indicating a positive shift in the company's operational efficiency and profitability. Notably, by December 2024, Lennox International Inc's gross profit margin reached 33.17%, reflecting an even stronger performance.
Overall, the recent upward trend in the gross profit margin suggests that Lennox International Inc has been effectively managing its cost of goods sold and enhancing its pricing strategy to boost profitability. This improvement bodes well for the company's financial health and may indicate a positive outlook for its future earnings potential.
Peer comparison
Dec 31, 2024