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DC Infra·LII

Lennox International Inc.

NYSE · US

HVAC and refrigeration equipment company supplying commercial climate-control and cooling systems.

AI relevance

Commercial cooling exposure applicable to data center thermal management.

DC Infra Cooling

Price

$348.12

Change

+15.48 (+4.65%)

Market cap

$12.0B

52w range

$322–$587

Exchange

NYSE

Country

Jason's Chips

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Price chart

LII market performance

Daily close for Lennox International Inc.

Latest close: $348.1
Range move: -$139.7 (-28.6%)
Range high: $573.0
Range low: $332.6
Latest volume: 983.1K
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1254 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

67 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetHold

Analyst expectations

Consensus target

$406.00

+16.6%

Target range

$350.00 - $650.00

Rating mix

Hold

30 ratings

Next FY revenue

$5.50B

2026-12-31

Next FY EPS

$21.72

$21.48 - $22.12

Rating consensus30 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$5.50B	$5.48B - $5.55B	$21.72	$21.48 - $22.12	$1.11B	$990.3M	$765.3M	$753.9M	9 rev / 8 EPS
2027-12-31	$5.79B	$5.72B - $5.99B	$23.47	$22.61 - $24.71	$1.18B	$1.05B	$814.5M	$794.1M	13 rev / 11 EPS
2028-12-31	$6.05B	$5.87B - $6.50B	$25.42	$23.08 - $30.70	$1.29B	$1.15B	$894.3M	$829.2M	14 rev / 9 EPS
2029-12-31	$6.09B	$5.98B - $6.27B	$27.05	$26.44 - $28.09	$1.37B	$1.22B	$949.3M	$834.3M	8 rev / 3 EPS
2030-12-31	$6.51B	$6.40B - $6.71B	$29.30	$28.65 - $30.43	$1.47B	$1.31B	$1.03B	$892.5M	12 rev / 3 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-30	$1.24B	$1.21B - $1.27B	$3.74	$3.47 - $3.96	$209.6M	$174.9M	$129.1M	$170.5M	7 rev / 7 EPS
2027-03-30	$1.20B	$1.19B - $1.21B	$3.52	$3.49 - $3.58	$200.2M	$165.4M	$121.4M	$164.2M	6 rev / 6 EPS
2027-06-30	$1.64B	$1.61B - $1.69B	$7.87	$7.64 - $8.14	$385.9M	$350.4M	$271.4M	$225.3M	3 rev / 2 EPS
2027-09-30	$1.64B	$1.60B - $1.68B	$7.61	$7.39 - $7.88	$375.9M	$339.6M	$262.7M	$224.9M	3 rev / 2 EPS
2027-12-30	$1.32B	$1.29B - $1.35B	$4.77	$4.63 - $4.94	$255.0M	$218.6M	$164.5M	$180.7M	3 rev / 2 EPS
2028-03-30	$1.24B	$1.21B - $1.27B	$3.89	$3.78 - $4.02	$217.7M	$181.2M	$134.2M	$170.0M	4 rev / 5 EPS
2028-06-30	$1.69B	$1.66B - $1.74B	$8.75	$8.49 - $9.05	$425.1M	$387.9M	$301.8M	$232.2M	4 rev / 5 EPS
2028-09-30	$1.69B	$1.65B - $1.73B	$8.08	$7.85 - $8.36	$397.3M	$359.5M	$278.8M	$231.0M	4 rev / 5 EPS

Price target history

Window	Targets	Average target
Last month	7	$368.57
Last quarter	12	$403.25
Last year	28	$501.39
All time	80	$438.24

Sources: StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-29	Wells Fargo	Maintain	Equal Weight	Equal Weight
2026-10-29	RBC Capital	Maintain	Sector Perform	Sector Perform
2026-10-29	Oppenheimer	Downgrade	Outperform	Perform
2026-10-15	Morgan Stanley	Maintain	Underweight	Underweight
2026-10-15	Mizuho	Maintain	Neutral	Neutral
2026-10-14	Oppenheimer	Maintain	Outperform	Outperform
2026-10-14	RBC Capital	Maintain	Sector Perform	Sector Perform
2026-10-14	Goldman Sachs	Downgrade	Buy	Neutral

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-10-01	1	5	15	1	0
2026-09-01	1	6	12	1	0
2026-08-01	1	6	9	1	0
2026-07-01	1	6	10	1	0
2026-06-01	1	6	11	1	0
2026-05-01	1	6	12	1	1
2026-04-01	2	6	13	1	1
2026-03-01	2	5	12	1	1

FinancialsFY 2025

Financials

Revenue

$5.20B

Gross margin

33.4%

Operating income

$1.04B

Free cash flow

$638.8M

Cash + ST investments

$34.7M

Net debt

$2.03B

ROE

69.3%

ROIC

26.1%

EV / sales

3.7x

EV / EBITDA

16.4x

R&D / revenue

2.0%

Current ratio

1.6x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$5.20B	$1.73B	33.4%	$103.4M	$1.04B	$1.15B	$805.8M	$22.31
FY 2024	$5.34B	$1.77B	33.2%	$0	$1.03B	$1.13B	$806.9M	$22.67
FY 2023	$4.98B	$1.55B	31.1%	$0	$790.1M	$879.5M	$590.1M	$16.62
FY 2022	$4.72B	$1.28B	27.2%	$0	$656.2M	$733.5M	$497.1M	$13.92
FY 2021	$4.19B	$1.19B	28.3%	$0	$590.3M	$658.5M	$464.0M	$12.47
FY 2020	$3.63B	$1.04B	28.6%	$0	$478.5M	$547.5M	$356.3M	$9.30
FY 2019	$3.81B	$1.08B	28.4%	$0	$656.9M	$627.6M	$408.7M	$10.48
FY 2018	$3.88B	$1.11B	28.6%	$0	$509.9M	$573.0M	$359.0M	$8.84
FY 2017	$3.84B	$1.13B	29.3%	$0	$494.5M	$560.7M	$305.7M	$7.25
FY 2016	$3.64B	$1.08B	29.6%	$0	$429.4M	$488.9M	$277.8M	$6.39
FY 2015	$3.47B	$947.4M	27.3%	$0	$305.4M	$370.6M	$186.6M	$4.16
FY 2014	$3.37B	$903.3M	26.8%	$0	$334.7M	$397.3M	$205.8M	$4.30

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$757.6M	$118.8M	$638.8M
FY 2024	$945.7M	$163.6M	$782.1M
FY 2023	$736.2M	$250.2M	$486.0M
FY 2022	$302.3M	$101.1M	$201.2M
FY 2021	$515.5M	$106.8M	$408.7M
FY 2020	$612.4M	$78.5M	$533.9M
FY 2019	$396.1M	$105.6M	$290.5M
FY 2018	$495.5M	$95.2M	$400.3M
FY 2017	$325.1M	$98.3M	$226.8M
FY 2016	$354.5M	$84.3M	$270.2M
FY 2015	$331.2M	$69.9M	$261.3M
FY 2014	$184.8M	$88.4M	$96.4M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$34.7M	$578.8M	$1.15B	$1.24B	$4.08B	$2.06B	$2.03B	$2.92B	$1.16B
FY 2024	$422.3M	$661.1M	$704.8M	$1.13B	$3.47B	$1.49B	$1.07B	$2.62B	$850.2M
FY 2023	$69.1M	$594.6M	$699.1M	$934.0M	$2.80B	$1.53B	$1.47B	$2.51B	$285.3M
FY 2022	$61.1M	$608.5M	$753.0M	$768.8M	$2.57B	$1.75B	$1.70B	$2.77B	-$203.1M
FY 2021	$36.5M	$508.3M	$510.9M	$711.2M	$2.17B	$1.44B	$1.41B	$2.44B	-$269.0M
FY 2020	$129.0M	$448.3M	$439.4M	$658.7M	$2.03B	$1.18B	$1.05B	$2.05B	-$17.1M
FY 2019	$40.2M	$477.8M	$544.1M	$627.0M	$2.03B	$1.35B	$1.32B	$2.21B	-$170.2M
FY 2018	$46.3M	$472.7M	$509.8M	$408.3M	$1.82B	$1.04B	$995.0M	$1.97B	-$149.6M
FY 2017	$68.2M	$506.5M	$484.2M	$397.8M	$1.89B	$1.00B	$935.8M	$1.84B	$50.1M
FY 2016	$50.2M	$469.8M	$418.5M	$361.4M	$1.76B	$868.2M	$818.0M	$1.72B	$37.6M
FY 2015	$38.9M	$422.8M	$418.8M	$339.6M	$1.68B	$743.9M	$705.0M	$1.58B	$101.2M
FY 2014	$37.5M	$421.4M	$463.3M	$358.6M	$1.76B	$925.6M	$888.1M	$1.76B	$8.4M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	33.4%	20.0%	15.5%	1.6x	0.6x	69.3%	26.1%	3.7x	16.4x	3.8%	2.0%	116d
FY 2024	33.2%	19.4%	15.1%	1.4x	0.9x	94.9%	33.0%	4.3x	20.1x	3.6%	0.0%	67d
FY 2023	31.1%	15.9%	11.8%	1.4x	0.7x	206.8%	31.6%	3.5x	19.7x	3.1%	0.0%	78d
FY 2022	27.2%	13.9%	10.5%	0.9x	0.5x	-244.8%	30.3%	2.2x	14.0x	2.4%	0.0%	82d
FY 2021	28.3%	14.1%	11.1%	1.4x	0.8x	-172.5%	34.7%	3.2x	20.5x	3.4%	0.0%	57d
FY 2020	28.6%	13.2%	9.8%	1.6x	0.9x	-2083.6%	27.5%	3.2x	21.1x	5.1%	0.0%	59d
FY 2019	28.4%	17.3%	10.7%	1.1x	0.6x	-240.1%	37.6%	2.8x	17.3x	3.1%	0.0%	69d
FY 2018	28.6%	13.1%	9.2%	1.1x	0.6x	-240.0%	35.4%	2.5x	17.2x	4.5%	0.0%	54d
FY 2017	29.3%	12.9%	8.0%	1.7x	1.0x	610.2%	25.8%	2.5x	17.3x	2.6%	0.0%	66d
FY 2016	29.6%	11.8%	7.6%	1.1x	0.7x	738.8%	26.4%	2.1x	15.3x	4.1%	0.0%	55d
FY 2015	27.3%	8.8%	5.4%	1.1x	0.6x	184.4%	18.5%	1.8x	17.0x	4.7%	0.0%	59d
FY 2014	26.8%	9.9%	6.1%	1.2x	0.7x	2450.0%	18.5%	1.6x	13.7x	2.1%	0.0%	66d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-2.7%	-2.1%	0.0%	+0.6%	-0.1%	-1.6%	-18.3%	+27.4%	-91.8%	+63.5%	+17.6%	+38.7%
FY 2024	+7.2%	+14.5%	0.0%	+31.0%	+36.7%	+36.4%	+60.9%	+34.6%	+511.1%	+0.8%	+24.1%	-2.5%
FY 2023	+5.6%	+20.5%	0.0%	+20.4%	+18.7%	+19.4%	+141.6%	-147.5%	+13.1%	-7.2%	+9.0%	-12.7%
FY 2022	+12.5%	+8.1%	0.0%	+11.2%	+7.1%	+11.6%	-50.8%	+5.3%	+67.4%	+47.4%	+18.2%	+21.7%
FY 2021	+15.4%	+14.3%	0.0%	+23.4%	+30.2%	+34.1%	-23.5%	-36.1%	-71.7%	+16.3%	+6.9%	+22.0%
FY 2020	-4.5%	-3.7%	0.0%	-27.2%	-12.8%	-11.3%	+83.8%	+25.7%	+220.9%	-19.2%	-0.1%	-13.0%
FY 2019	-2.0%	-2.8%	0.0%	+28.8%	+13.8%	+18.6%	-27.4%	-10.9%	-13.2%	+6.7%	+12.0%	+30.1%
FY 2018	+1.2%	-1.2%	0.0%	+3.1%	+17.4%	+21.9%	+76.5%	+3.2%	-32.1%	+5.3%	-3.9%	+3.7%
FY 2017	+5.4%	+4.5%	0.0%	+15.2%	+10.0%	+13.5%	-16.1%	-16.6%	+35.9%	+15.7%	+7.5%	+15.6%
FY 2016	+5.0%	+13.6%	0.0%	+40.6%	+48.9%	+53.6%	+3.4%	-20.6%	+29.0%	-0.1%	+4.8%	+16.7%
FY 2015	+3.0%	+4.9%	0.0%	-8.8%	-9.3%	-3.3%	+171.1%	+20.9%	+3.7%	-9.6%	-4.8%	-19.6%
FY 2014	+5.3%	+4.9%	0.0%	+15.8%	+19.8%	+24.6%	-27.0%	-12.9%	-1.3%	+22.3%	+8.5%	+131.2%

SegmentsFY 2025

Revenue Mix

Period	Total	Residential Heating and Cooling	Commercial Heating and Cooling	UNITED STATES	Refrigeration	International	Corporate and Other
FY 2025	$5.20B	$3.34B	$1.85B	--	--	--	--
FY 2024	$5.34B	$3.58B	$1.76B	--	--	--	--
FY 2023	$5.23B	$3.22B	$1.51B	--	$247.6M	--	$247.6M
FY 2022	$4.66B	$3.20B	$837.7M	--	$619.4M	--	--
FY 2021	$4.12B	$2.78B	$790.1M	--	$553.7M	--	--
FY 2020	$3.55B	$2.36B	$721.1M	--	$471.7M	--	--
FY 2019	$7.36B	$2.29B	$947.4M	$3.30B	$568.7M	$247.9M	--
FY 2018	$7.51B	$2.23B	$1.04B	$3.28B	$615.4M	$353.2M	--
FY 2017	$3.84B	$2.14B	$973.8M	--	$725.4M	--	--
FY 2016	$3.64B	$2.00B	$917.9M	--	$722.9M	--	--
FY 2015	$3.47B	$1.87B	$887.2M	--	$713.3M	--	--
FY 2014	$3.37B	$1.74B	$878.5M	--	$752.4M	--	--

Period	Total	UNITED STATES	International	Residential Heating and Cooling	Commercial Heating and Cooling	CANADA
FY 2025	$5.20B	--	--	$3.34B	$1.85B	--
FY 2023	$247.6M	--	$247.6M	--	--	--
FY 2022	$234.3M	--	$234.3M	--	--	--
FY 2021	$231.3M	--	$231.3M	--	--	--
FY 2020	$216.0M	--	$216.0M	--	--	--
FY 2017	$3.84B	$3.13B	$473.1M	--	--	$237.8M
FY 2016	$3.64B	$2.97B	$456.0M	--	--	$218.8M
FY 2015	$3.47B	$2.79B	$456.3M	--	--	$217.7M
FY 2014	$3.37B	$2.58B	$554.7M	--	--	$236.3M
FY 2013	$3.20B	$2.38B	$584.8M	--	--	$232.3M
FY 2012	$2.95B	$2.15B	$575.5M	--	--	$226.7M
FY 2011	$3.30B	$2.37B	$603.6M	--	--	$329.2M

Transcripts

Events

Next earnings

2027-01-27EPS est $3.74

Recent filings

10-Q2026-10-28
8-K2026-10-28
8-K2026-09-18

Latest news

Analyst expectations

Consensus target

$406.00

+16.6%

Target range

$350.00 - $650.00

Rating mix

Hold

30 ratings

Next FY revenue

$5.50B

2026-12-31

Next FY EPS

$21.72

$21.48 - $22.12

Rating consensus30 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$5.50B	$5.48B - $5.55B	$21.72	$21.48 - $22.12	$1.11B	$990.3M	$765.3M	$753.9M	9 rev / 8 EPS
2027-12-31	$5.79B	$5.72B - $5.99B	$23.47	$22.61 - $24.71	$1.18B	$1.05B	$814.5M	$794.1M	13 rev / 11 EPS
2028-12-31	$6.05B	$5.87B - $6.50B	$25.42	$23.08 - $30.70	$1.29B	$1.15B	$894.3M	$829.2M	14 rev / 9 EPS
2029-12-31	$6.09B	$5.98B - $6.27B	$27.05	$26.44 - $28.09	$1.37B	$1.22B	$949.3M	$834.3M	8 rev / 3 EPS
2030-12-31	$6.51B	$6.40B - $6.71B	$29.30	$28.65 - $30.43	$1.47B	$1.31B	$1.03B	$892.5M	12 rev / 3 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-30	$1.24B	$1.21B - $1.27B	$3.74	$3.47 - $3.96	$209.6M	$174.9M	$129.1M	$170.5M	7 rev / 7 EPS
2027-03-30	$1.20B	$1.19B - $1.21B	$3.52	$3.49 - $3.58	$200.2M	$165.4M	$121.4M	$164.2M	6 rev / 6 EPS
2027-06-30	$1.64B	$1.61B - $1.69B	$7.87	$7.64 - $8.14	$385.9M	$350.4M	$271.4M	$225.3M	3 rev / 2 EPS
2027-09-30	$1.64B	$1.60B - $1.68B	$7.61	$7.39 - $7.88	$375.9M	$339.6M	$262.7M	$224.9M	3 rev / 2 EPS
2027-12-30	$1.32B	$1.29B - $1.35B	$4.77	$4.63 - $4.94	$255.0M	$218.6M	$164.5M	$180.7M	3 rev / 2 EPS
2028-03-30	$1.24B	$1.21B - $1.27B	$3.89	$3.78 - $4.02	$217.7M	$181.2M	$134.2M	$170.0M	4 rev / 5 EPS
2028-06-30	$1.69B	$1.66B - $1.74B	$8.75	$8.49 - $9.05	$425.1M	$387.9M	$301.8M	$232.2M	4 rev / 5 EPS
2028-09-30	$1.69B	$1.65B - $1.73B	$8.08	$7.85 - $8.36	$397.3M	$359.5M	$278.8M	$231.0M	4 rev / 5 EPS

Price target history

Window	Targets	Average target
Last month	7	$368.57
Last quarter	12	$403.25
Last year	28	$501.39
All time	80	$438.24

Sources: StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-29	Wells Fargo	Maintain	Equal Weight	Equal Weight
2026-10-29	RBC Capital	Maintain	Sector Perform	Sector Perform
2026-10-29	Oppenheimer	Downgrade	Outperform	Perform
2026-10-15	Morgan Stanley	Maintain	Underweight	Underweight
2026-10-15	Mizuho	Maintain	Neutral	Neutral
2026-10-14	Oppenheimer	Maintain	Outperform	Outperform
2026-10-14	RBC Capital	Maintain	Sector Perform	Sector Perform
2026-10-14	Goldman Sachs	Downgrade	Buy	Neutral

Historical rating snapshots

Date	Strong buy	Buy	Hold	Sell	Strong sell
2026-10-01	1	5	15	1	0
2026-09-01	1	6	12	1	0
2026-08-01	1	6	9	1	0
2026-07-01	1	6	10	1	0
2026-06-01	1	6	11	1	0
2026-05-01	1	6	12	1	1
2026-04-01	2	6	13	1	1
2026-03-01	2	5	12	1	1

Financials

Revenue

$5.20B

Gross margin

33.4%

Operating income

$1.04B

Free cash flow

$638.8M

Cash + ST investments

$34.7M

Net debt

$2.03B

ROE

69.3%

ROIC

26.1%

EV / sales

3.7x

EV / EBITDA

16.4x

R&D / revenue

2.0%

Current ratio

1.6x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$5.20B	$1.73B	33.4%	$103.4M	$1.04B	$1.15B	$805.8M	$22.31
FY 2024	$5.34B	$1.77B	33.2%	$0	$1.03B	$1.13B	$806.9M	$22.67
FY 2023	$4.98B	$1.55B	31.1%	$0	$790.1M	$879.5M	$590.1M	$16.62
FY 2022	$4.72B	$1.28B	27.2%	$0	$656.2M	$733.5M	$497.1M	$13.92
FY 2021	$4.19B	$1.19B	28.3%	$0	$590.3M	$658.5M	$464.0M	$12.47
FY 2020	$3.63B	$1.04B	28.6%	$0	$478.5M	$547.5M	$356.3M	$9.30
FY 2019	$3.81B	$1.08B	28.4%	$0	$656.9M	$627.6M	$408.7M	$10.48
FY 2018	$3.88B	$1.11B	28.6%	$0	$509.9M	$573.0M	$359.0M	$8.84
FY 2017	$3.84B	$1.13B	29.3%	$0	$494.5M	$560.7M	$305.7M	$7.25
FY 2016	$3.64B	$1.08B	29.6%	$0	$429.4M	$488.9M	$277.8M	$6.39
FY 2015	$3.47B	$947.4M	27.3%	$0	$305.4M	$370.6M	$186.6M	$4.16
FY 2014	$3.37B	$903.3M	26.8%	$0	$334.7M	$397.3M	$205.8M	$4.30

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$757.6M	$118.8M	$638.8M
FY 2024	$945.7M	$163.6M	$782.1M
FY 2023	$736.2M	$250.2M	$486.0M
FY 2022	$302.3M	$101.1M	$201.2M
FY 2021	$515.5M	$106.8M	$408.7M
FY 2020	$612.4M	$78.5M	$533.9M
FY 2019	$396.1M	$105.6M	$290.5M
FY 2018	$495.5M	$95.2M	$400.3M
FY 2017	$325.1M	$98.3M	$226.8M
FY 2016	$354.5M	$84.3M	$270.2M
FY 2015	$331.2M	$69.9M	$261.3M
FY 2014	$184.8M	$88.4M	$96.4M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$34.7M	$578.8M	$1.15B	$1.24B	$4.08B	$2.06B	$2.03B	$2.92B	$1.16B
FY 2024	$422.3M	$661.1M	$704.8M	$1.13B	$3.47B	$1.49B	$1.07B	$2.62B	$850.2M
FY 2023	$69.1M	$594.6M	$699.1M	$934.0M	$2.80B	$1.53B	$1.47B	$2.51B	$285.3M
FY 2022	$61.1M	$608.5M	$753.0M	$768.8M	$2.57B	$1.75B	$1.70B	$2.77B	-$203.1M
FY 2021	$36.5M	$508.3M	$510.9M	$711.2M	$2.17B	$1.44B	$1.41B	$2.44B	-$269.0M
FY 2020	$129.0M	$448.3M	$439.4M	$658.7M	$2.03B	$1.18B	$1.05B	$2.05B	-$17.1M
FY 2019	$40.2M	$477.8M	$544.1M	$627.0M	$2.03B	$1.35B	$1.32B	$2.21B	-$170.2M
FY 2018	$46.3M	$472.7M	$509.8M	$408.3M	$1.82B	$1.04B	$995.0M	$1.97B	-$149.6M
FY 2017	$68.2M	$506.5M	$484.2M	$397.8M	$1.89B	$1.00B	$935.8M	$1.84B	$50.1M
FY 2016	$50.2M	$469.8M	$418.5M	$361.4M	$1.76B	$868.2M	$818.0M	$1.72B	$37.6M
FY 2015	$38.9M	$422.8M	$418.8M	$339.6M	$1.68B	$743.9M	$705.0M	$1.58B	$101.2M
FY 2014	$37.5M	$421.4M	$463.3M	$358.6M	$1.76B	$925.6M	$888.1M	$1.76B	$8.4M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	33.4%	20.0%	15.5%	1.6x	0.6x	69.3%	26.1%	3.7x	16.4x	3.8%	2.0%	116d
FY 2024	33.2%	19.4%	15.1%	1.4x	0.9x	94.9%	33.0%	4.3x	20.1x	3.6%	0.0%	67d
FY 2023	31.1%	15.9%	11.8%	1.4x	0.7x	206.8%	31.6%	3.5x	19.7x	3.1%	0.0%	78d
FY 2022	27.2%	13.9%	10.5%	0.9x	0.5x	-244.8%	30.3%	2.2x	14.0x	2.4%	0.0%	82d
FY 2021	28.3%	14.1%	11.1%	1.4x	0.8x	-172.5%	34.7%	3.2x	20.5x	3.4%	0.0%	57d
FY 2020	28.6%	13.2%	9.8%	1.6x	0.9x	-2083.6%	27.5%	3.2x	21.1x	5.1%	0.0%	59d
FY 2019	28.4%	17.3%	10.7%	1.1x	0.6x	-240.1%	37.6%	2.8x	17.3x	3.1%	0.0%	69d
FY 2018	28.6%	13.1%	9.2%	1.1x	0.6x	-240.0%	35.4%	2.5x	17.2x	4.5%	0.0%	54d
FY 2017	29.3%	12.9%	8.0%	1.7x	1.0x	610.2%	25.8%	2.5x	17.3x	2.6%	0.0%	66d
FY 2016	29.6%	11.8%	7.6%	1.1x	0.7x	738.8%	26.4%	2.1x	15.3x	4.1%	0.0%	55d
FY 2015	27.3%	8.8%	5.4%	1.1x	0.6x	184.4%	18.5%	1.8x	17.0x	4.7%	0.0%	59d
FY 2014	26.8%	9.9%	6.1%	1.2x	0.7x	2450.0%	18.5%	1.6x	13.7x	2.1%	0.0%	66d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-2.7%	-2.1%	0.0%	+0.6%	-0.1%	-1.6%	-18.3%	+27.4%	-91.8%	+63.5%	+17.6%	+38.7%
FY 2024	+7.2%	+14.5%	0.0%	+31.0%	+36.7%	+36.4%	+60.9%	+34.6%	+511.1%	+0.8%	+24.1%	-2.5%
FY 2023	+5.6%	+20.5%	0.0%	+20.4%	+18.7%	+19.4%	+141.6%	-147.5%	+13.1%	-7.2%	+9.0%	-12.7%
FY 2022	+12.5%	+8.1%	0.0%	+11.2%	+7.1%	+11.6%	-50.8%	+5.3%	+67.4%	+47.4%	+18.2%	+21.7%
FY 2021	+15.4%	+14.3%	0.0%	+23.4%	+30.2%	+34.1%	-23.5%	-36.1%	-71.7%	+16.3%	+6.9%	+22.0%
FY 2020	-4.5%	-3.7%	0.0%	-27.2%	-12.8%	-11.3%	+83.8%	+25.7%	+220.9%	-19.2%	-0.1%	-13.0%
FY 2019	-2.0%	-2.8%	0.0%	+28.8%	+13.8%	+18.6%	-27.4%	-10.9%	-13.2%	+6.7%	+12.0%	+30.1%
FY 2018	+1.2%	-1.2%	0.0%	+3.1%	+17.4%	+21.9%	+76.5%	+3.2%	-32.1%	+5.3%	-3.9%	+3.7%
FY 2017	+5.4%	+4.5%	0.0%	+15.2%	+10.0%	+13.5%	-16.1%	-16.6%	+35.9%	+15.7%	+7.5%	+15.6%
FY 2016	+5.0%	+13.6%	0.0%	+40.6%	+48.9%	+53.6%	+3.4%	-20.6%	+29.0%	-0.1%	+4.8%	+16.7%
FY 2015	+3.0%	+4.9%	0.0%	-8.8%	-9.3%	-3.3%	+171.1%	+20.9%	+3.7%	-9.6%	-4.8%	-19.6%
FY 2014	+5.3%	+4.9%	0.0%	+15.8%	+19.8%	+24.6%	-27.0%	-12.9%	-1.3%	+22.3%	+8.5%	+131.2%

Revenue Mix