Lennox International Inc (LII)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 737,500 | 615,800 | 560,100 | 444,400 | 507,800 |
| Revenue | US$ in thousands | 4,981,900 | 4,718,400 | 4,194,100 | 3,634,100 | 3,807,200 |
| Pretax margin | 14.80% | 13.05% | 13.35% | 12.23% | 13.34% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $737,500K ÷ $4,981,900K
= 14.80%
The pretax margin of Lennox International Inc has shown fluctuations over the last five years. It increased from 12.25% in 2020 to 14.80% in 2023, reflecting an improvement in the company's ability to generate profits before accounting for taxes. Despite a slight dip to 13.05% in 2022, the overall trend seems positive. The company managed to maintain relatively healthy levels of pretax margin, surpassing the 13% mark in all years except 2020. This indicates efficient cost management and profitability, which are essential for sustainable business operations. However, further analysis and comparison with industry benchmarks may provide deeper insights into the company's financial performance and competitiveness.
Peer comparison
Dec 31, 2023