Key Insights on Gross Profit: Lennox International Inc. vs Allegion plc

A Tale of Two Giants: Gross Profit Trends from 2014 to 2023

In the competitive landscape of the HVAC and security industries, Lennox International Inc. and Allegion plc have showcased remarkable growth in gross profit over the past decade. From 2014 to 2023, Lennox International Inc. consistently outperformed Allegion plc, with a notable 96% increase in gross profit, peaking at approximately $1.55 billion in 2023. Allegion plc, not far behind, saw an impressive 85% rise, reaching around $1.58 billion in the same year.

The data reveals a fascinating trend: while both companies experienced fluctuations, Lennox International Inc. demonstrated a more stable growth trajectory, particularly from 2018 onwards. The year 2023 marked a significant milestone for both, with Lennox International Inc. achieving its highest gross profit yet. As we look to the future, the absence of data for Allegion plc in 2024 leaves room for speculation on its continued growth.