LII vs. LMT: Lennox vs. Lockheed Martin Stock Comparison

November 11, 2026

How do Lennox (LII) and Lockheed Martin (LMT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Lennox (LII) and Lockheed Martin (LMT) both fall under the Capital Goods industry group, but LII is classified in Building Products while LMT is classified in Aerospace & Defense.

Company profile comparison for Lennox (LII) and Lockheed Martin (LMT)
Profile Item	LII	LMT
Name	Lennox International Inc.	Lockheed Martin Corporation
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Building Products	Aerospace & Defense
GICS Sub-Industry	Building Products	Aerospace & Defense
Market Capitalization	11.70 billion USD	131.00 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 29, 1999	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LII

LMT

GSPC

Lennox (LII) vs. Lockheed Martin (LMT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Lennox (LII) and Lockheed Martin (LMT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Lennox (LII) and Lockheed Martin (LMT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Lennox (LII) and Lockheed Martin (LMT)
Metric	LII	LMT
Total Return (1Y)	-27.83%	31.17%
Total Return (3Y, Annualized)	-2.32%	12.79%
Total Return (5Y, Annualized)	3.79%	14.65%

Risk Profile

Drawdown History

LII

LMT

GSPC

Lennox (LII) vs. Lockheed Martin (LMT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Lennox (LII) and Lockheed Martin (LMT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Lennox (LII) and Lockheed Martin (LMT)
Metric	LII	LMT
Volatility (1Y, Annualized)	41.59%	31.09%
Beta (5Y)	1.18	0.10
Max Drawdown (5Y)	-49.95%	-31.79%
Avg. Volume (3M)	563.34K	1.29M

Risk-Adjusted Performance

Risk-Return Positioning

LII and LMT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Lennox (LII) and Lockheed Martin (LMT)
Metric	LII	LMT
Sharpe Ratio (1Y)	-0.77	0.86
Sortino Ratio (1Y)	-0.96	1.38

Profitability

ROE (TTM)

Both Lennox (LII) at 62.82% and Lockheed Martin (LMT) at 80.19% turn shareholders’ equity into profit at rates above their industry benchmark ranges for ROE. That is a strong capital-efficiency signal, though leverage and the equity base still matter.

LII

Capital Goods industry group

62.82%

LII: 62.82%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

LMT

Capital Goods industry group

80.19%

LMT: 80.19%
Max: 40.55%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Lennox (LII) at 13.76% retains a top-quartile share of revenue as profit, ahead of Lockheed Martin (LMT) at 8.23%, which keeps about the industry-typical share.

LII

Capital Goods industry group

13.76%

Max: 27.47%
LII: 13.76%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

LMT

Capital Goods industry group

8.23%

Max: 27.47%
Q3: 12.10%
LMT: 8.23%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Lennox (LII) at 20.57% operates in the top operating margin quartile, ahead of Lockheed Martin (LMT) at 11.41%, which runs around its industry’s norm.

LII

Capital Goods industry group

20.57%

Max: 36.60%
LII: 20.57%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

LMT

Capital Goods industry group

11.41%

Max: 36.60%
Q3: 18.33%
LMT: 11.41%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Lennox (LII) and Lockheed Martin (LMT)
Metric	LII	LMT
ROE (TTM)	62.82%	80.19%
ROA (TTM)	15.93%	8.58%
Net Margin (TTM)	13.76%	8.23%
Operating Margin (TTM)	20.57%	11.41%
Gross Margin (TTM)	32.62%	11.73%

Growth

Revenue Growth

Lockheed Martin (LMT) at 5.64% is around its peer norm for revenue growth, while Lennox (LII) at -2.73% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Lennox (LII) at 1.11% and Lockheed Martin (LMT) at -3.68% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lennox (LII) and Lockheed Martin (LMT)
Metric	LII	LMT
Revenue Growth (YoY)	-2.73%	5.64%
Revenue Growth (3Y CAGR)	3.26%	4.38%
EPS Growth (YoY)	1.11%	-3.68%
EPS Growth (3Y CAGR)	17.97%	-0.26%

Financial Strength

Current Ratio (MRQ)

Both Lennox (LII) at 1.21 and Lockheed Martin (LMT) at 1.26 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

LII

Capital Goods industry group

1.21

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
LII: 1.21
Min: 0.36

LMT

Capital Goods industry group

1.26

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
LMT: 1.26
Min: 0.36

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Lennox (LII) at 1.58 and Lockheed Martin (LMT) at 2.04 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

LII

Capital Goods industry group

1.58

Max: 2.33
LII: 1.58
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

LMT

Capital Goods industry group

2.04

Max: 2.33
LMT: 2.04
Q3: 1.12
Median: 0.60
Q1: 0.29
Min: 0.00

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Lennox (LII) and Lockheed Martin (LMT)
Metric	LII	LMT
Current Ratio (MRQ)	1.21	1.26
Debt / Equity (MRQ)	1.58	2.04
Net Debt / EBITDA	1.73	1.47

Dividends

Dividend Yield (TTM)

Both Lennox (LII) at 1.53% and Lockheed Martin (LMT) at 2.40% offer top-quartile dividend income relative to share price within their industries.

LII

Capital Goods industry group

1.53%

Max: 2.66%
LII: 1.53%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

LMT

Capital Goods industry group

2.40%

Max: 2.66%
LMT: 2.40%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Lennox (LII) at 24.68% pays out a band-typical share of earnings, while Lockheed Martin (LMT) at 49.01% distributes more than its industry norm — less retained, thinner cover.

LII

Capital Goods industry group

24.68%

Max: 67.39%
Q3: 28.02%
LII: 24.68%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

LMT

Capital Goods industry group

49.01%

Max: 67.39%
LMT: 49.01%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Lennox (LII) and Lockheed Martin (LMT)
Metric	LII	LMT
Dividend Yield (TTM)	1.53%	2.40%
Dividend Payout Ratio (TTM)	24.68%	49.01%

Valuation

P/E Ratio (TTM)

Lennox (LII) at 15.47 sits in the cheaper P/E ratio quartile, while Lockheed Martin (LMT) at 20.14 is closer to its industry’s usual earnings multiple — a discount for LII, though growth and earnings durability still matter.

LII

Capital Goods industry group

15.47

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
LII: 15.47
Min: 3.03

LMT

Capital Goods industry group

20.14

Max: 59.38
Q3: 35.92
Median: 25.41
LMT: 20.14
Q1: 19.47
Min: 3.03

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Lennox (LII) at 2.15 and Lockheed Martin (LMT) at 1.66 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

LII

Capital Goods industry group

2.15

Max: 7.54
Q3: 3.76
Median: 2.15
LII: 2.15
Q1: 1.03
Min: 0.03

LMT

Capital Goods industry group

1.66

Max: 7.54
Q3: 3.76
Median: 2.15
LMT: 1.66
Q1: 1.03
Min: 0.03

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Lennox (LII) at 8.88 sits in the upper P/B ratio quartile, and Lockheed Martin (LMT) at 12.96 prices even higher, above its industry range.

LII

Capital Goods industry group

8.88

Max: 9.66
LII: 8.88
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

LMT

Capital Goods industry group

12.96

LMT: 12.96
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Lennox (LII) vs. Lockheed Martin (LMT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Lennox (LII) and Lockheed Martin (LMT)
Metric	LII	LMT
P/E Ratio (TTM)	15.47	20.14
P/S Ratio (TTM)	2.15	1.66
P/B Ratio (MRQ)	8.88	12.96
Free Cash Flow Yield (TTM)	3.14%	4.31%