Lennox International
LII · Building Products
$376.01
0.7%Masco
MAS · Building Products
$76.01
2.6%The short version
- Masco is the larger business, with $7.6B of revenue in fiscal 2025 against $5.2B for Lennox International.
- Lennox International grew revenue faster (−2.7%, against −3.4%).
- Lennox International kept more of each dollar of sales as operating profit (20.1% operating margin, against 16.5% operating margin).
- Lennox International turned more of its sales into free cash flow (12.3% FCF margin, against 11.5% FCF margin).
- Investors pay more for each dollar of Masco’s earnings: a P/E of 18.9x against 16.7x for Lennox International.
| Latest fiscal year | LII · FY25 | MAS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $13.2B | $15.5B |
| Revenue | $5.2B | $7.6B |
| Free cash flow | $639M | $866M |
| Net income | $806M | $810M |
| Growth | ||
| Revenue growth | −2.7% | −3.4% |
| 5-year growth | 7.4% | 1.0% |
| Share count change | −1.1% | −4.1% |
| Profitability | ||
| Gross margin | 33.4% | 35.4% |
| Operating margin | 20.1% | 16.5% |
| Net margin | 15.5% | 10.7% |
| FCF margin | 12.3% | 11.5% |
| Return on capital | 40.1% | 40.4% |
| Return on equity | 75.8% | — |
| Balance sheet | ||
| Net debt | $1.4B | $2.3B |
| Net debt / EBITDA | 1.2x | 1.7x |
| Dividends and buybacks | $655M | $832M |
| Valuation & quality | ||
| P/E | 16.7x | 18.9x |
| Piotroski F-score | 5 | 7 |
FY16
LII $3.6B
MAS $7.4B
FY17
LII $3.8B
MAS $6.0B
FY18
LII $3.9B
MAS $6.7B
FY19
LII $3.8B
MAS $6.7B
FY20
LII $3.6B
MAS $7.2B
FY21
LII $4.2B
MAS $8.4B
FY22
LII $4.7B
MAS $8.7B
FY23
LII $5.0B
MAS $8.0B
FY24
LII $5.3B
MAS $7.8B
FY25
LII $5.2B
MAS $7.6B
LII
MAS
FY16
LII 11.8%
MAS 14.8%
FY17
LII 12.9%
MAS 17.1%
FY18
LII 13.1%
MAS 16.2%
FY19
LII 17.3%
MAS 16.2%
FY20
LII 13.2%
MAS 18.0%
FY21
LII 14.1%
MAS 16.8%
FY22
LII 13.9%
MAS 14.9%
FY23
LII 15.9%
MAS 16.9%
FY24
LII 19.5%
MAS 17.4%
FY25
LII 20.1%
MAS 16.5%
LII
MAS
FY16
LII $290M
MAS $609M
FY17
LII $227M
MAS $578M
FY18
LII $400M
MAS $813M
FY19
LII $291M
MAS $671M
FY20
LII $534M
MAS $839M
FY21
LII $409M
MAS $802M
FY22
LII $201M
MAS $616M
FY23
LII $486M
MAS $1.2B
FY24
LII $782M
MAS $907M
FY25
LII $639M
MAS $866M
LII
MAS
FY16
LII 35.8%
MAS 40.5%
FY17
LII 35.5%
MAS 36.9%
FY18
LII 42.9%
MAS 36.5%
FY19
LII 58.6%
MAS 35.8%
FY20
LII 42.8%
MAS 49.8%
FY21
LII 55.4%
MAS 48.4%
FY22
LII 48.3%
MAS 43.0%
FY23
LII 43.8%
MAS 42.7%
FY24
LII 50.9%
MAS 43.6%
FY25
LII 40.1%
MAS 40.4%
LII
MAS
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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.