Company / R&D Expense
Lennox International R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$103.4M
FY2025
5-year range
$66.8M / $103.4M
FY2021-FY2025
Trend
+10.5%
vs FY2024
Sector context
#72 of 174
Industrials
What the data says
At $103M, Lennox International's r&d expense ranks #72 of 174 in the Industrials sector. R&D Expense has fluctuated over the past 10 years, ranging from $61M in FY2016 to $103M in FY2025.
Based on SEC 10-K filings.
$103M in FY2025 with a 5-year CAGR of +7.4%.
Improved from $94M to $103M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +15.7%
- 5-Year CAGR
- +7.4%
- 10-Year CAGR
- -
Sector benchmark
#72 of 174 in IndustrialsTop 41% of 174This company $103.4M Sector average $273.7M
▼
-62.2% below sector average
Key checks
Key Insights
- 5-year CAGR of +7.4%, indicating consistent growth.
- In FY2025, r&d expense increased 10.5% year-over-year.
- Ranks #72 out of 174 companies in the Industrials sector.
- Lowest r&d expense in the period was in FY2016.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
- Strong return on equity: 78.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $103.4M | +10.5% |
| FY2024 | $93.6M | -0.4% |
| FY2023 | $94.0M | +40.7% |
| FY2022 | $66.8M | -4.4% |
| FY2021 | $69.9M | -3.2% |
| FY2020 | $72.2M | -1.9% |
| FY2019 | $73.6M | +13.9% |
| FY2018 | $64.6M | +3.7% |
| FY2017 | $62.3M | +2.6% |
| FY2016 | $60.7M | +13.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026