Who Generates Higher Gross Profit? HEICO Corporation or Lennox International Inc.

A Tale of Two Giants: HEICO Corporation vs. Lennox International Inc.

In the competitive landscape of industrial manufacturing, HEICO Corporation and Lennox International Inc. have been vying for supremacy in gross profit generation. Over the past decade, Lennox International has consistently outperformed HEICO, boasting a 56% higher average gross profit. From 2014 to 2024, Lennox's gross profit surged from approximately $903 million to $1.77 billion, marking a remarkable 96% increase. Meanwhile, HEICO's growth, though impressive, saw a 277% rise from $398 million to $1.5 billion.

The year 2023 was particularly noteworthy, with Lennox achieving a gross profit of $1.55 billion, 34% more than HEICO's $1.15 billion. This trend underscores Lennox's robust market position and strategic prowess. As we look to the future, the question remains: Can HEICO close the gap, or will Lennox continue to dominate the industrial sector?