LII
Lennox International Inc.
Construction
Market Cap$18.17B
5Y Perf.+144.2%
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Stock Comparison
LII vs CARR
Revenue, margins, valuation, and 5-year total return — side by side.
CARR
Carrier Global Corporation
Construction
Market Cap$53.62B
5Y Perf.+213.5%
LII vs CARR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | LII | CARR |
|---|---|---|
| Industry | Construction | Construction |
| Market Cap | $18.17B | $53.62B |
| Revenue (TTM) | $5.26B | $21.87B |
| Net Income (TTM) | $783M | $1.32B |
| Gross Margin | 33.1% | 24.8% |
| Operating Margin | 19.5% | 8.1% |
| Forward P/E | 21.5x | 23.1x |
| Total Debt | $2.06B | $12.67B |
| Cash & Equiv. | $34M | $1.55B |
LII vs CARR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
LII
CARR
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Lennox Internationa… (LII) | 100 | 244.2 | +144.2% |
| Carrier Global Corp… (CARR) | 100 | 313.5 | +213.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LII vs CARR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: LII leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Carrier Global Corporation is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
LII
Lennox International Inc.
The Growth Play
LII carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth -2.7%, EPS growth -1.4%, 3Y rev CAGR 3.3%
- -2.7% revenue growth vs CARR's -3.3%
- Lower P/E (21.5x vs 23.1x)
Best for: growth exposure
CARR
Carrier Global Corporation
The Income Pick
CARR is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 6 yrs, beta 1.19, yield 1.4%
- 469.2% 10Y total return vs LII's 311.2%
- Lower volatility, beta 1.19, Low D/E 89.7%, current ratio 1.20x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | LII | -2.7% revenue growth vs CARR's -3.3% |
| Value | LII | Lower P/E (21.5x vs 23.1x) |
| Quality / Margins | LII | 14.9% margin vs CARR's 6.0% |
| Stability / Safety | CARR | Beta 1.19 vs LII's 1.23, lower leverage |
| Dividends | CARR | 1.4% yield, 6-year raise streak, vs LII's 0.9% |
| Momentum (1Y) | LII | -6.3% vs CARR's -8.0% |
| Efficiency (ROA) | LII | 20.1% ROA vs CARR's 3.5%, ROIC 29.8% vs 6.7% |
LII vs CARR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
LII vs CARR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLLIILAGGINGCARR
CARRCarrier Global Corpor…
1leads
LIILennox International …
4leads
6 Total Categories
CATEGORYLEADERvs CARRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
LII6/6
Valuation MetricsMultiples, price ratios, and targets
LII4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
LII7/8
Total Returns1Y, 3Y, 5Y total returns with dividends
LII4/6
Risk & VolatilityBeta, volatility, and downside exposure
CARR2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
LII leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CARR is the larger business by revenue, generating $21.9B annually — 4.2x LII's $5.3B. LII is the more profitable business, keeping 14.9% of every revenue dollar as net income compared to CARR's 6.0%. On growth, LII holds the edge at +5.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | LIILennox Internatio… | CARRCarrier Global Co… |
|---|---|---|
| RevenueTrailing 12 months | $5.3B | $21.9B |
| EBITDAEarnings before interest/tax | $1.1B | $3.1B |
| Net IncomeAfter-tax profit | $783M | $1.3B |
| Free Cash FlowCash after capex | $661M | $1.7B |
| Gross MarginGross profit ÷ Revenue | +33.1% | +24.8% |
| Operating MarginEBIT ÷ Revenue | +19.5% | +8.1% |
| Net MarginNet income ÷ Revenue | +14.9% | +6.0% |
| FCF MarginFCF ÷ Revenue | +12.6% | +7.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +5.8% | +2.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -0.6% | -40.4% |
LII leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
LII leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 23.5x trailing earnings, LII trades at a 38% valuation discount to CARR's 37.8x P/E. On an enterprise value basis, LII's 18.0x EV/EBITDA is more attractive than CARR's 20.9x.
| Metric | LIILennox Internatio… | CARRCarrier Global Co… |
|---|---|---|
| Market CapShares × price | $18.2B | $53.6B |
| Enterprise ValueMkt cap + debt − cash | $20.2B | $64.7B |
| Trailing P/EPrice ÷ TTM EPS | 23.50x | 37.75x |
| Forward P/EPrice ÷ next-FY EPS est. | 21.52x | 23.12x |
| PEG RatioP/E ÷ EPS growth rate | 1.22x | — |
| EV / EBITDAEnterprise value multiple | 18.03x | 20.92x |
| Price / SalesMarket cap ÷ Revenue | 3.50x | 2.47x |
| Price / BookPrice ÷ Book value/share | 15.76x | 3.85x |
| Price / FCFMarket cap ÷ FCF | 28.45x | 31.60x |
LII leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
LII leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
LII delivers a 72.0% return on equity — every $100 of shareholder capital generates $72 in annual profit, vs $9 for CARR. CARR carries lower financial leverage with a 0.90x debt-to-equity ratio, signaling a more conservative balance sheet compared to LII's 1.77x.
| Metric | LIILennox Internatio… | CARRCarrier Global Co… |
|---|---|---|
| ROE (TTM)Return on equity | +72.0% | +9.1% |
| ROA (TTM)Return on assets | +20.1% | +3.5% |
| ROICReturn on invested capital | +29.8% | +6.7% |
| ROCEReturn on capital employed | +40.2% | +7.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 1.77x | 0.90x |
| Net DebtTotal debt minus cash | $2.0B | $11.1B |
| Cash & Equiv.Liquid assets | $34M | $1.6B |
| Total DebtShort + long-term debt | $2.1B | $12.7B |
| Interest CoverageEBIT ÷ Interest expense | 20.51x | 5.76x |
LII leads this category, winning 7 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
LII leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LII five years ago would be worth $15,823 today (with dividends reinvested), compared to $15,692 for CARR. Over the past 12 months, LII leads with a -6.3% total return vs CARR's -8.0%. The 3-year compound annual growth rate (CAGR) favors LII at 23.8% vs CARR's 16.3% — a key indicator of consistent wealth creation.
| Metric | LIILennox Internatio… | CARRCarrier Global Co… |
|---|---|---|
| YTD ReturnYear-to-date | +4.9% | +20.8% |
| 1-Year ReturnPast 12 months | -6.3% | -8.0% |
| 3-Year ReturnCumulative with dividends | +89.8% | +57.4% |
| 5-Year ReturnCumulative with dividends | +58.2% | +56.9% |
| 10-Year ReturnCumulative with dividends | +311.2% | +469.2% |
| CAGR (3Y)Annualised 3-year return | +23.8% | +16.3% |
LII leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
CARR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CARR is the less volatile stock with a 1.19 beta — it tends to amplify market swings less than LII's 1.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CARR currently trades 79.1% from its 52-week high vs LII's 75.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | LIILennox Internatio… | CARRCarrier Global Co… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.23x | 1.19x |
| 52-Week HighHighest price in past year | $689.44 | $81.09 |
| 52-Week LowLowest price in past year | $434.06 | $50.24 |
| % of 52W HighCurrent price vs 52-week peak | +75.7% | +79.1% |
| RSI (14)Momentum oscillator 0–100 | 56.2 | 62.2 |
| Avg Volume (50D)Average daily shares traded | 459K | 6.5M |
CARR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — LII and CARR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates LII as "Hold" and CARR as "Buy". Consensus price targets imply 6.0% upside for LII (target: $553) vs 5.2% for CARR (target: $68). For income investors, CARR offers the higher dividend yield at 1.42% vs LII's 0.94%.
| Metric | LIILennox Internatio… | CARRCarrier Global Co… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $553.45 | $67.50 |
| # AnalystsCovering analysts | 30 | 26 |
| Dividend YieldAnnual dividend ÷ price | +0.9% | +1.4% |
| Dividend StreakConsecutive years of raises | 12 | 6 |
| Dividend / ShareAnnual DPS | $4.93 | $0.91 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.8% | +5.4% |
Evenly matched — LII and CARR each lead in 1 of 2 comparable metrics.
Key Takeaway
LII leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). CARR leads in 1 (Risk & Volatility). 1 tied.
Best OverallLennox International Inc. (LII)Leads 4 of 6 categories
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LII vs CARR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is LII or CARR a better buy right now?
For growth investors, Lennox International Inc.
(LII) is the stronger pick with -2. 7% revenue growth year-over-year, versus -3. 3% for Carrier Global Corporation (CARR). Lennox International Inc. (LII) offers the better valuation at 23. 5x trailing P/E (21. 5x forward), making it the more compelling value choice. Analysts rate Carrier Global Corporation (CARR) a "Buy" — based on 26 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — LII or CARR?
On trailing P/E, Lennox International Inc.
(LII) is the cheapest at 23. 5x versus Carrier Global Corporation at 37. 8x. On forward P/E, Lennox International Inc. is actually cheaper at 21. 5x.
03Which is the better long-term investment — LII or CARR?
Over the past 5 years, Lennox International Inc.
(LII) delivered a total return of +58. 2%, compared to +56. 9% for Carrier Global Corporation (CARR). Over 10 years, the gap is even starker: CARR returned +469. 2% versus LII's +311. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — LII or CARR?
By beta (market sensitivity over 5 years), Carrier Global Corporation (CARR) is the lower-risk stock at 1.
19β versus Lennox International Inc. 's 1. 23β — meaning LII is approximately 3% more volatile than CARR relative to the S&P 500. On balance sheet safety, Carrier Global Corporation (CARR) carries a lower debt/equity ratio of 90% versus 177% for Lennox International Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — LII or CARR?
By revenue growth (latest reported year), Lennox International Inc.
(LII) is pulling ahead at -2. 7% versus -3. 3% for Carrier Global Corporation (CARR). On earnings-per-share growth, the picture is similar: Lennox International Inc. grew EPS -1. 4% year-over-year, compared to -72. 4% for Carrier Global Corporation. Over a 3-year CAGR, CARR leads at 7. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — LII or CARR?
Lennox International Inc.
(LII) is the more profitable company, earning 15. 1% net margin versus 6. 9% for Carrier Global Corporation — meaning it keeps 15. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LII leads at 19. 5% versus 9. 9% for CARR. At the gross margin level — before operating expenses — LII leads at 33. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is LII or CARR more undervalued right now?
On forward earnings alone, Lennox International Inc.
(LII) trades at 21. 5x forward P/E versus 23. 1x for Carrier Global Corporation — 1. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LII: 6. 0% to $553. 45.
08Which pays a better dividend — LII or CARR?
All stocks in this comparison pay dividends.
Carrier Global Corporation (CARR) offers the highest yield at 1. 4%, versus 0. 9% for Lennox International Inc. (LII).
09Is LII or CARR better for a retirement portfolio?
For long-horizon retirement investors, Carrier Global Corporation (CARR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
19), 1. 4% yield, +469. 2% 10Y return). Both have compounded well over 10 years (CARR: +469. 2%, LII: +311. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between LII and CARR?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(LII: 5.8% · CARR: 2.4%)Net Margin>
%
(LII: 14.9% · CARR: 6.0%)P/E Ratio<
x
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