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Lennox International (MEX:LII) Piotroski F-Score : 9 (As of Jul. 08, 2025)


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What is Lennox International Piotroski F-Score?

Good Sign:

Piotroski F-Score is 9, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Lennox International has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Lennox International's Piotroski F-Score or its related term are showing as below:

MEX:LII' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 9

During the past 13 years, the highest Piotroski F-Score of Lennox International was 9. The lowest was 4. And the median was 6.


Lennox International Piotroski F-Score Historical Data

The historical data trend for Lennox International's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lennox International Piotroski F-Score Chart

Lennox International Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 6.00 6.00 6.00 8.00

Lennox International Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 7.00 8.00 9.00

Competitive Comparison of Lennox International's Piotroski F-Score

For the Building Products & Equipment subindustry, Lennox International's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lennox International's Piotroski F-Score Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lennox International's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lennox International's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 4504.913 + 4705.982 + 4123.172 + 2461.121 = MXN15,795 Mil.
Cash Flow from Operations was 3370.899 + 8901.985 + 6932.435 + -732.404 = MXN18,473 Mil.
Revenue was 26584.301 + 29498.038 + 28050.916 + 21943.465 = MXN106,077 Mil.
Gross Profit was 8943.874 + 9616.743 + 9495.6 + 6720.519 = MXN34,777 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(49546.46 + 59025.54 + 65237.902 + 72406.819 + 70691.264) / 5 = MXN63381.597 Mil.
Total Assets at the begining of this year (Mar24) was MXN49,546 Mil.
Long-Term Debt & Capital Lease Obligation was MXN22,465 Mil.
Total Current Assets was MXN37,950 Mil.
Total Current Liabilities was MXN26,485 Mil.
Net Income was 3723.655 + 2271.424 + 2452.779 + 2062.914 = MXN10,511 Mil.

Revenue was 24196.9 + 23799.439 + 19601.862 + 17377.939 = MXN84,976 Mil.
Gross Profit was 7848.477 + 7463.997 + 6022.463 + 5642.727 = MXN26,978 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(49936.46 + 51111.109 + 50342.354 + 47499.038 + 49546.46) / 5 = MXN49687.0842 Mil.
Total Assets at the begining of last year (Mar23) was MXN49,936 Mil.
Long-Term Debt & Capital Lease Obligation was MXN22,040 Mil.
Total Current Assets was MXN25,965 Mil.
Total Current Liabilities was MXN18,213 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Lennox International's current Net Income (TTM) was 15,795. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Lennox International's current Cash Flow from Operations (TTM) was 18,473. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=15795.188/49546.46
=0.31879549

ROA (Last Year)=Net Income/Total Assets (Mar23)
=10510.772/49936.46
=0.21048292

Lennox International's return on assets of this year was 0.31879549. Lennox International's return on assets of last year was 0.21048292. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Lennox International's current Net Income (TTM) was 15,795. Lennox International's current Cash Flow from Operations (TTM) was 18,473. ==> 18,473 > 15,795 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=22465.149/63381.597
=0.35444277

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=22039.827/49687.0842
=0.44357256

Lennox International's gearing of this year was 0.35444277. Lennox International's gearing of last year was 0.44357256. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar25)=Total Current Assets/Total Current Liabilities
=37949.961/26485.186
=1.432875

Current Ratio (Last Year: Mar24)=Total Current Assets/Total Current Liabilities
=25964.841/18212.73
=1.42564245

Lennox International's current ratio of this year was 1.432875. Lennox International's current ratio of last year was 1.42564245. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Lennox International's number of shares in issue this year was 35.7. Lennox International's number of shares in issue last year was 35.8. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=34776.736/106076.72
=0.32784513

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=26977.664/84976.14
=0.3174734

Lennox International's gross margin of this year was 0.32784513. Lennox International's gross margin of last year was 0.3174734. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=106076.72/49546.46
=2.14095457

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=84976.14/49936.46
=1.7016853

Lennox International's asset turnover of this year was 2.14095457. Lennox International's asset turnover of last year was 1.7016853. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+1+1+1
=9

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Lennox International has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.

Lennox International  (MEX:LII) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Lennox International Piotroski F-Score Related Terms

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Lennox International Business Description

Traded in Other Exchanges
Address
2140 Lake Park Boulevard, Richardson, TX, USA, 75080
Lennox International manufactures and distributes heating, ventilating, air conditioning, and refrigeration products to replacement (75% of sales) and new construction (25% of sales) markets. In fiscal 2024, residential HVAC was 67% of sales and commercial HVAC and Heatcraft refrigeration was 33% of sales. The company goes to market with multiple brands, but Lennox is the company's flagship HVAC brand. The Texas-based company is focused on North America after the sale of its European HVAC and refrigeration businesses in late 2023.