Lennox International Inc (LII)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,547,700 | 1,478,100 | 1,383,800 | 1,323,100 | 1,284,700 | 1,253,100 | 1,214,100 | 1,200,200 | 1,188,500 | 1,210,200 | 1,238,300 | 1,130,800 | 1,040,000 | 1,012,500 | 987,500 | 1,043,900 | 1,079,800 | 1,056,500 | 1,060,100 | 1,089,600 |
| Revenue (ttm) | US$ in thousands | 4,981,900 | 4,920,900 | 4,799,500 | 4,754,400 | 4,718,400 | 4,589,400 | 4,404,400 | 4,277,100 | 4,194,200 | 4,143,400 | 4,138,500 | 3,840,800 | 3,634,100 | 3,605,100 | 3,583,000 | 3,740,800 | 3,807,300 | 3,765,900 | 3,763,200 | 3,839,500 |
| Gross profit margin | 31.07% | 30.04% | 28.83% | 27.83% | 27.23% | 27.30% | 27.57% | 28.06% | 28.34% | 29.21% | 29.92% | 29.44% | 28.62% | 28.09% | 27.56% | 27.91% | 28.36% | 28.05% | 28.17% | 28.38% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,547,700K ÷ $4,981,900K
= 31.07%
Lennox International Inc's gross profit margin has demonstrated a general upward trend over the past eight quarters, reflecting an improvement in the company's ability to generate profits from its core operations. The margin increased from 27.23% in Q4 2022 to 31.07% in Q4 2023, indicating a significant enhancement in profitability. This consistent improvement suggests that Lennox International Inc has been effectively managing its production costs and pricing strategies.
It is noteworthy that the gross profit margin fluctuated slightly in the middle quarters of 2022 and 2023 but generally maintained an upward trajectory. This variability might be attributed to fluctuations in input costs, competitive pricing pressures, or changes in product mix. Nonetheless, the overall trend indicates that Lennox International Inc has been successful in enhancing its gross profitability.
The latest gross profit margin of 31.07% in Q4 2023 indicates that for every dollar of revenue, Lennox International Inc is earning approximately 31 cents before accounting for other operating expenses. This metric provides insights into the company's efficiency in managing its production and manufacturing costs. Overall, the improving trend in gross profit margin reflects positively on Lennox International Inc's operational performance and profitability.
Peer comparison
Dec 31, 2023