LII vs. NOC: Lennox vs. Northrop Grumman Stock Comparison

November 11, 2026

How do Lennox (LII) and Northrop Grumman (NOC) 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 Northrop Grumman (NOC) both fall under the Capital Goods industry group, but LII is classified in Building Products while NOC is classified in Aerospace & Defense.

Company profile comparison for Lennox (LII) and Northrop Grumman (NOC)
Profile Item	LII	NOC
Name	Lennox International Inc.	Northrop Grumman 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	74.59 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 29, 1999	December 31, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

LII

NOC

GSPC

Lennox (LII) vs. Northrop Grumman (NOC), 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

Loading price history…

Trailing total returns for Lennox (LII) and Northrop Grumman (NOC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Lennox (LII) and Northrop Grumman (NOC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Lennox (LII) and Northrop Grumman (NOC)
Metric	LII	NOC
Total Return (1Y)	-27.83%	-3.34%
Total Return (3Y, Annualized)	-2.32%	7.23%
Total Return (5Y, Annualized)	3.79%	9.98%

Risk Profile

Drawdown History

LII

NOC

GSPC

Lennox (LII) vs. Northrop Grumman (NOC), 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

Loading price history…

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

Risk Metrics

Northrop Grumman (NOC) reports a negative beta of -0.12, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Lennox (LII) has a non-negative beta of 1.18.

Risk profile metrics for Lennox (LII) and Northrop Grumman (NOC)
Metric	LII	NOC
Volatility (1Y, Annualized)	41.59%	28.86%
Beta (5Y)	1.18	-0.12
Max Drawdown (5Y)	-49.95%	-37.80%
Avg. Volume (3M)	563.34K	902.47K

Risk-Adjusted Performance

Risk-Return Positioning

LII and NOC 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 Northrop Grumman (NOC)
Metric	LII	NOC
Sharpe Ratio (1Y)	-0.77	-0.26
Sortino Ratio (1Y)	-0.96	-0.37

Profitability

ROE (TTM)

Both companies show strong equity returns, but Lennox (LII) at 62.82% is the standout with ROE above its industry range; Northrop Grumman (NOC) at 26.07% also sits in the top quartile.

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%

NOC

Capital Goods industry group

26.07%

Max: 40.55%
NOC: 26.07%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Lennox (LII) vs. Northrop Grumman (NOC): 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 Northrop Grumman (NOC) at 10.37%, 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%

NOC

Capital Goods industry group

10.37%

Max: 27.47%
Q3: 12.10%
NOC: 10.37%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Lennox (LII) vs. Northrop Grumman (NOC): 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 Northrop Grumman (NOC) at 12.91%, 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%

NOC

Capital Goods industry group

12.91%

Max: 36.60%
Q3: 18.33%
NOC: 12.91%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Lennox (LII) vs. Northrop Grumman (NOC): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Lennox (LII) and Northrop Grumman (NOC)
Metric	LII	NOC
ROE (TTM)	62.82%	26.07%
ROA (TTM)	15.93%	7.11%
Net Margin (TTM)	13.76%	10.37%
Operating Margin (TTM)	20.57%	12.91%
Gross Margin (TTM)	32.62%	20.03%

Growth

Revenue Growth

Northrop Grumman (NOC) at 2.24% 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. Northrop Grumman (NOC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Lennox (LII) at 1.11% and Northrop Grumman (NOC) at 2.61% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Lennox (LII) vs. Northrop Grumman (NOC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Lennox (LII) and Northrop Grumman (NOC)
Metric	LII	NOC
Revenue Growth (YoY)	-2.73%	2.24%
Revenue Growth (3Y CAGR)	3.26%	4.65%
EPS Growth (YoY)	1.11%	2.61%
EPS Growth (3Y CAGR)	17.97%	-2.60%

Financial Strength

Current Ratio (MRQ)

Both Lennox (LII) at 1.21 and Northrop Grumman (NOC) at 1.23 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

NOC

Capital Goods industry group

1.23

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
NOC: 1.23
Min: 0.36

Lennox (LII) vs. Northrop Grumman (NOC): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Northrop Grumman (NOC) at 0.93 carries an industry-typical debt-to-equity mix, while Lennox (LII) at 1.58 uses more debt funding than most peers.

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

NOC

Capital Goods industry group

0.93

Max: 2.33
Q3: 1.12
NOC: 0.93
Median: 0.60
Q1: 0.29
Min: 0.00

Lennox (LII) vs. Northrop Grumman (NOC): 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 Northrop Grumman (NOC)
Metric	LII	NOC
Current Ratio (MRQ)	1.21	1.23
Debt / Equity (MRQ)	1.58	0.93
Net Debt / EBITDA	1.73	1.87

Dividends

Dividend Yield (TTM)

Both Lennox (LII) at 1.53% and Northrop Grumman (NOC) at 1.82% 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%

NOC

Capital Goods industry group

1.82%

Max: 2.66%
NOC: 1.82%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Lennox (LII) vs. Northrop Grumman (NOC): 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 Northrop Grumman (NOC) at 30.18% 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%

NOC

Capital Goods industry group

30.18%

Max: 67.39%
NOC: 30.18%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Lennox (LII) vs. Northrop Grumman (NOC): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Lennox (LII) and Northrop Grumman (NOC)
Metric	LII	NOC
Dividend Yield (TTM)	1.53%	1.82%
Dividend Payout Ratio (TTM)	24.68%	30.18%

Valuation

P/E Ratio (TTM)

Both Lennox (LII) at 15.47 and Northrop Grumman (NOC) at 16.57 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

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

NOC

Capital Goods industry group

16.57

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
NOC: 16.57
Min: 3.03

Lennox (LII) vs. Northrop Grumman (NOC): 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 Northrop Grumman (NOC) at 1.71 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

NOC

Capital Goods industry group

1.71

Max: 7.54
Q3: 3.76
Median: 2.15
NOC: 1.71
Q1: 1.03
Min: 0.03

Lennox (LII) vs. Northrop Grumman (NOC): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Northrop Grumman (NOC) at 3.99 is valued about in line with its industry on P/B ratio, while Lennox (LII) at 8.88 carries an above-peer premium to book — LII is pricier on assets.

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

NOC

Capital Goods industry group

3.99

Max: 9.66
Q3: 5.00
NOC: 3.99
Median: 3.12
Q1: 1.81
Min: -1.08

Lennox (LII) vs. Northrop Grumman (NOC): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Lennox (LII) and Northrop Grumman (NOC)
Metric	LII	NOC
P/E Ratio (TTM)	15.47	16.57
P/S Ratio (TTM)	2.15	1.71
P/B Ratio (MRQ)	8.88	3.99
Free Cash Flow Yield (TTM)	3.14%	4.21%