Allegion
ALLE · Building Products
$178.98
1.4%Lennox International
LII · Building Products
$376.01
0.7%The short version
- Lennox International is the larger business, with $5.2B of revenue in fiscal 2025 against $4.1B for Allegion.
- Allegion grew revenue faster (7.8%, against −2.7%).
- Allegion kept more of each dollar of sales as operating profit (21.1% operating margin, against 20.1% operating margin).
- Allegion turned more of its sales into free cash flow (16.9% FCF margin, against 12.3% FCF margin).
- Lennox International earned a higher return on the capital invested in it (40.1%, against 21.5%).
- Investors pay more for each dollar of Allegion’s earnings: a P/E of 22.3x against 16.7x for Lennox International.
| Latest fiscal year | ALLE · FY25 | LII · FY25 |
|---|---|---|
| Size | ||
| Market cap | $15.2B | $13.2B |
| Revenue | $4.1B | $5.2B |
| Free cash flow | $686M | $639M |
| Net income | $644M | $806M |
| Growth | ||
| Revenue growth | 7.8% | −2.7% |
| 5-year growth | 8.4% | 7.4% |
| Share count change | −1.1% | −1.1% |
| Profitability | ||
| Gross margin | 45.2% | 33.4% |
| Operating margin | 21.1% | 20.1% |
| Net margin | 15.8% | 15.5% |
| FCF margin | 16.9% | 12.3% |
| Return on capital | 21.5% | 40.1% |
| Return on equity | 36.1% | 75.8% |
| Balance sheet | ||
| Net debt | $1.6B | $1.4B |
| Net debt / EBITDA | 1.6x | 1.2x |
| Dividends and buybacks | $255M | $655M |
| Valuation & quality | ||
| P/E | 22.3x | 16.7x |
| Piotroski F-score | 8 | 5 |
FY16
ALLE $2.2B
LII $3.6B
FY17
ALLE $2.4B
LII $3.8B
FY18
ALLE $2.7B
LII $3.9B
FY19
ALLE $2.9B
LII $3.8B
FY20
ALLE $2.7B
LII $3.6B
FY21
ALLE $2.9B
LII $4.2B
FY22
ALLE $3.3B
LII $4.7B
FY23
ALLE $3.7B
LII $5.0B
FY24
ALLE $3.8B
LII $5.3B
FY25
ALLE $4.1B
LII $5.2B
ALLE
LII
FY16
ALLE 19.4%
LII 11.8%
FY17
ALLE 20.5%
LII 12.9%
FY18
ALLE 19.3%
LII 13.1%
FY19
ALLE 19.8%
LII 17.3%
FY20
ALLE 14.8%
LII 13.2%
FY21
ALLE 18.5%
LII 14.1%
FY22
ALLE 17.9%
LII 13.9%
FY23
ALLE 19.4%
LII 15.9%
FY24
ALLE 20.7%
LII 19.5%
FY25
ALLE 21.1%
LII 20.1%
ALLE
LII
FY16
ALLE $335M
LII $290M
FY17
ALLE $298M
LII $227M
FY18
ALLE $409M
LII $400M
FY19
ALLE $423M
LII $291M
FY20
ALLE $443M
LII $534M
FY21
ALLE $443M
LII $409M
FY22
ALLE $396M
LII $201M
FY23
ALLE $516M
LII $486M
FY24
ALLE $583M
LII $782M
FY25
ALLE $686M
LII $639M
ALLE
LII
FY16
ALLE 27.2%
LII 35.8%
FY17
ALLE 26.5%
LII 35.5%
FY18
ALLE 30.5%
LII 42.9%
FY19
ALLE 26.5%
LII 58.6%
FY20
ALLE 19.2%
LII 42.8%
FY21
ALLE 27.3%
LII 55.4%
FY22
ALLE 22.9%
LII 48.3%
FY23
ALLE 22.1%
LII 43.8%
FY24
ALLE 22.8%
LII 50.9%
FY25
ALLE 21.5%
LII 40.1%
ALLE
LII
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.