Lennox Valuation Multiples

Lennox Overview

About Lennox

Lennox International manufacturers and distributes heating, ventilating, air conditioning, and refrigeration products for the North American replacement (75% of sales) and new construction (25% of sales) markets. Residential HVAC (home comfort solutions) accounted for 67% of sales and commercial HVAC (building climate solutions) accounted for the remaining 33% of sales. To be clear, Lennox’s commercial exposure is what its peers refer to as “residential and light commercial,” lacks the scale and complexity of what is referred to as an “applied” solution. The company goes to market with multiple brands, but Lennox is the company’s flagship HVAC brand.

Founded

1895

HQ

Employees

12.9K

Website

lennox.com

Sectors

Building ProductsElectrical Parts & EquipmentConstructionTechIndustry 4.0

Financials (LTM)

Revenue: $5B

EBITDA: $1B

EV

$21B

Valuation Multiples

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Lennox Financials

Lennox reported last 12-month revenue of $5B and EBITDA of $1B.

In the same LTM period, Lennox generated $2B in gross profit, $1B in EBITDA, and $824M in net income.

Lennox P&L

In the most recent fiscal year, Lennox reported revenue of $5B and EBITDA of $1B.

Lennox expects next 12-month revenue of XXX and NTM EBITDA of XXX

Lennox Stock Performance

Lennox has current market cap of $20B, and enterprise value of $21B.

Lennox's stock price is $563.40.

Lennox Valuation Multiples

Lennox trades at 4.1x EV/Revenue multiple, and 18.0x EV/EBITDA.

Lennox Financial Valuation Multiples

As of March 26, 2026, Lennox has market cap of $20B and EV of $21B.

Equity research analysts estimate Lennox's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Lennox has a P/E ratio of 23.8x.

Lennox Margins & Growth Rates

Lennox's revenue in the last 12 month grew by 6%.

Lennox's revenue per employee in the last FY averaged $0.4M.

Lennox's rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Lennox's rule of X is 36% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Lennox Public Comps

See public comps and valuation multiples for other Building Products and Electrical Parts & Equipment comps.

Lennox M&A Activity

Lennox acquired XXX companies to date.

Last acquisition by Lennox was on XXXXXXXX, XXXXX. Lennox acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Lennox Investment Activity

Lennox invested in XXX companies to date.

Lennox made its latest investment on XXXXXXXX, XXXXX. Lennox invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).