LII Lennox International, Inc. Common Stock
About Lennox International, Inc. Common Stock Company overview from Wikipedia
Lennox International Inc. is an American provider of climate control products for the heating, ventilation, and air conditioning (HVAC) and refrigeration markets. Based in Richardson, Texas, the company is 9.8% owned by John W. Norris, III, a descendant of DW Norris, who acquired the company in 1904. The company's largest production facilities are in Saltillo, Mexico, Marshalltown, Iowa, and Orangeburg, South Carolina.
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Lennox International Inc. is an American provider of climate control products for the heating, ventilation, and air conditioning (HVAC) and refrigeration markets. Based in Richardson, Texas, the company is 9.8% owned by John W. Norris, III, a descendant of DW Norris, who acquired the company in 1904. The company's largest production facilities are in Saltillo, Mexico, Marshalltown, Iowa, and Orangeburg, South Carolina.
History
The company was founded in 1895, in Marshalltown, Iowa, by Dave Lennox, the owner of a machine repair business for railroads. Inventors Ezra William Smith and Ernest Bryant brought their idea for a riveted steel coal-fired furnace to his machine shop to build parts for a prototype. In lieu of payment, Lennox accepted their patent, obtaining rights to the idea and founded the Lennox Furnace Co.
In 1904, DW Norris acquired the company. He managed the company until his death in 1949.
From 1964 to 1965, Lennox produced a small crawler tractor and mower called the Lennox Kitty Track 600. It featured a 6 hp (4.5 kW) Briggs & Stratton engine and a 32" mower deck.
In 1999, the company became a public company via an initial public offering.
A 2018 tornado destroyed the plant in Marshalltown, but the company would rebuild it. As of 2024, there were over 750 workers employed at that location.
Acquisitions and divestitures
In 1971, the company sold its low pressure gas cylinder business to Worthington Industries.
In 1973, Lennox acquired Heatcraft, including the Larkin, Bohn, Chandler, and Climate Control brands.
In 1998, the company acquired Pyro Industries, a manufacturer of pellet stoves.
In December 2010, the company acquired Kysor/Warren from The Manitowoc Company for $138 million.
In September 2023, the company sold its European commercial HVAC and refrigeration businesses to funds managed by Syntagma Capital.
In October 2023, the company acquired AES.
Brands
The company operates the following brands:
Home Comfort Solutions
Lennox
Armstrong Air
Ducane
AirEase
Concord Air
MagicPak
ADP Advanced Distributor Products
Allied Air
Healthy Climate Solutions
Lennox Stores
Building Climate Solutions
Lennox
Model L
CORE
Enlight
Xion
Energence
Prodigy
Strategos
Raider
Lennox VRF
Lennox National Account Services
Allied Commercial
Elite
AES Industries
AES Mechanical
ES Reclaim
Heatcraft Worldwide Refrigeration
Bohn
MAGNA
Larkin
Climate Control
Chandler Refrigeration
Frigua-Bohn
IntelliGen
Interlink
Legal issues
In 1998, the company paid $6.2 million to settle an age discrimination lawsuit brought by 11 former employees and the Equal Employment Opportunity Commission, after the employees, who were 41 to 58 years old, were fired or demoted.
In 2026, Lennox was named along with several other major HVAC manufacturers in proposed federal class-action lawsuits alleging that the companies conspired to raise and coordinate prices for HVAC equipment. One lawsuit, filed by an HVAC contractor in the United States District Court for the Eastern District of Michigan, named Lennox International and Lennox Industries as defendants along with manufacturers including Carrier Global, Trane Technologies, Daikin, Rheem, Bosch and AAON. The complaint alleged violations of federal antitrust law.
In May 2026, the federal court consolidated the related cases for pretrial proceedings and stayed discovery pending further proceedings.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
LII Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
LII Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $1.3600 |
| March 31, 2026 | $1.3000 |
| Dec. 31, 2025 | $1.3000 |
| Sept. 30, 2025 | $1.3000 |
| June 30, 2025 | $1.3000 |
| April 30, 2025 | $1.1500 |
| Dec. 31, 2024 | $1.1500 |
| Sept. 30, 2024 | $1.1500 |
| June 28, 2024 | $1.1500 |
| March 27, 2024 | $1.1000 |
| Dec. 28, 2023 | $1.1000 |
| Aug. 30, 2023 | $1.1000 |
| June 29, 2023 | $1.1000 |
| March 30, 2023 | $1.0600 |
| Dec. 29, 2022 | $1.0600 |
| Aug. 30, 2022 | $1.0600 |
| June 29, 2022 | $1.0600 |
| March 30, 2022 | $0.9200 |
| Dec. 30, 2021 | $0.9200 |
| Sept. 29, 2021 | $0.9200 |
LII Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 4 17.4%
- Buy 5 21.7%
- Hold 12 52.2%
- Sell 2 8.7%
- Strong Sell 0 0.0%
12-Month Price Target
13 analysts · 2026-08-15Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $7.72 | $7.76 | -0.04% |
| March 31, 2026 | $3.35 | $3.20 | 0.15% |
| Dec. 31, 2025 | $4.45 | $4.80 | -0.35% |
| Sept. 30, 2025 | $6.98 | $6.88 | 0.10% |
| June 30, 2025 | $7.82 | $6.92 | 0.90% |
| March 31, 2025 | $3.37 | $3.30 | 0.07% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LII | — | 21.3 | -2.7% | 15.5% | 78.1% | 33.4% |
| CARR | $44.18B | 30.7 | -3.3% | 6.8% | 10.2% | — |
| MAIR | — | — | — | — | — | — |
| CSL | $13.11B | 18.7 | 0.33% | 14.8% | 37.8% | — |
| MAS | $12.96B | 16.4 | -3.4% | 10.7% | -349.1% | 35.4% |
| OC | $8.98B | -18.0 | 2.6% | -5.2% | -11.7% | 28.1% |
| MOD | — | 95.9 | 23.1% | 3.8% | 11.6% | 23.0% |
| WMS | $9.96B | 25.2 | 5.0% | 14.0% | 25.2% | 38.3% |
| AOS | — | 17.4 | 0.32% | 14.3% | 29.2% | 38.8% |
| ZWS | $7.76B | 40.4 | 8.3% | 11.7% | 12.5% | 45.1% |
| SSD | $6.66B | 19.6 | 4.5% | 14.8% | 17.4% | 45.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.20B | $5.34B | $4.98B | $4.72B | $4.19B | $3.63B | $3.81B | $3.88B | $3.84B | $3.64B | $3.47B | $3.37B | |
| Cost of Revenue | $3.46B | $3.56B | $3.43B | $3.43B | $3.01B | $2.59B | $2.73B | $2.77B | $2.71B | $2.57B | $2.52B | $2.46B | |
| Gross Profit | $1.73B | $1.78B | $1.55B | $1.28B | $1.19B | $1.04B | $1.08B | $1.11B | $1.13B | $1.08B | $947M | $903M | |
| R&D Expense | $103M | $94M | $94M | $80M | $76M | $67M | $70M | $72M | $74M | $65M | $62M | $61M | |
| SG&A Expense | $681M | $731M | $706M | $627M | $599M | $556M | $586M | $608M | $638M | $621M | $580M | $574M | |
| Operating Income | $1.04B | $1.04B | $792M | $656M | $590M | $478M | $657M | $510M | $494M | $429M | $305M | $335M | |
| Interest Expense | $41M | $39M | $52M | $39M | $25M | $28M | $48M | $38M | $31M | $27M | $24M | $17M | |
| Interest Income | $6M | $5M | $4M | $1M | $1M | $1M | $1M | $800.0K | $2M | $1M | $2M | $2M | |
| Other Non-op | $-3M | $-2M | $-100.0K | $-2M | $-4M | $-4M | $-2M | $-3M | $100.0K | $300.0K | $800.0K | $100.0K | |
| Pretax Income | $997M | $999M | $739M | $616M | $560M | $445M | $508M | $468M | $464M | $403M | $283M | $318M | |
| Income Tax | $191M | $188M | $148M | $119M | $96M | $88M | $99M | $108M | $157M | $124M | $95M | $110M | |
| Net Income | $806M | $811M | $591M | $497M | $464M | $356M | $409M | $359M | $306M | $278M | $187M | $206M | |
| EPS (Basic) | $22.89 | $22.78 | $16.65 | $13.92 | $12.47 | $9.30 | $10.49 | $8.84 | $7.25 | $6.39 | $4.16 | $4.30 | |
| EPS (Diluted) | $22.79 | $22.66 | $16.58 | $13.88 | $12.39 | $9.24 | $10.38 | $8.74 | $7.14 | $6.32 | $4.09 | $4.23 | |
| Shares (Basic) | 35,200,000 | 35,600,000 | 35,500,000 | 35,700,000 | 37,200,000 | 38,300,000 | 39,000,000 | 40,600,000 | 42,200,000 | 43,400,000 | 44,900,000 | 47,900,000 | |
| Shares (Diluted) | 35,400,000 | 35,800,000 | 35,700,000 | 35,800,000 | 37,500,000 | 38,600,000 | 39,400,000 | 41,100,000 | 42,800,000 | 44,000,000 | 45,600,000 | 48,600,000 | |
| EBITDA | $1.04B | $1.03B | $790M | $656M | $590M | $478M | $657M | $510M | $494M | $429M | $305M | $335M |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $34M | $415M | $61M | $53M | $31M | $124M | $37M | $46M | $68M | $50M | $39M | $38M | |
| Short-term Investments | $500.0K | $7M | $8M | $8M | $6M | $5M | $3M | $0 | · | · | · | · | |
| Receivables | $579M | $661M | $595M | $608M | $508M | $448M | $478M | $473M | $506M | $470M | $423M | $421M | |
| Inventory | $1.15B | $853M | $842M | $753M | $511M | $439M | $544M | $510M | $484M | $418M | $419M | $463M | |
| Other Current Assets | $138M | $96M | $71M | $74M | $120M | $71M | $59M | $61M | $78M | $67M | $58M | $59M | |
| Current Assets | $1.90B | $2.03B | $1.58B | $1.50B | $1.18B | $1.09B | $1.12B | $1.09B | $1.14B | $1.01B | $938M | $982M | |
| PP&E (Net) | $887M | $800M | $720M | $549M | $515M | $464M | $445M | $408M | $398M | $361M | $340M | $359M | |
| PP&E (Gross) | $1.93B | $1.76B | $1.63B | $1.47B | $1.40B | $1.34B | $1.27B | $1.19B | $1.17B | $1.08B | $1.02B | $1.01B | |
| Accum. Depreciation | $1.04B | $957M | $911M | $921M | $889M | $881M | $824M | $778M | $774M | $717M | $683M | $654M | |
| Goodwill | $497M | $220M | $222M | $186M | $187M | $187M | $186M | $187M | $200M | $195M | $195M | $209M | |
| Intangibles | $273M | $45M | · | · | · | · | · | · | $9M | $7M | $6M | $28M | |
| Other Non-current Assets | $133M | $120M | $157M | $88M | $87M | $86M | $79M | $66M | $62M | $61M | $59M | $85M | |
| Total Assets | $4.08B | $3.62B | $2.94B | $2.57B | $2.17B | $2.03B | $2.03B | $1.82B | $1.89B | $1.76B | $1.68B | $1.76B | |
| Accounts Payable | $438M | $490M | $375M | $427M | $402M | $340M | $372M | $433M | $349M | $361M | $320M | $324M | |
| Accrued Liabilities | $374M | $435M | $416M | $377M | $359M | $296M | $256M | $272M | $270M | $266M | $243M | $239M | |
| Short-term Debt | $226M | $0 | $150M | $0 | · | · | · | $0 | $900.0K | $52M | $204M | $227M | |
| Current Liabilities | $1.19B | $1.31B | $1.01B | $1.60B | $827M | $701M | $1.00B | $1.01B | $654M | $889M | $824M | $827M | |
| Capital Leases | $293M | $268M | $165M | $162M | $145M | $143M | $26M | $16M | $12M | $15M | $16M | $16M | |
| Other Non-current Liabilities | $271M | $225M | $168M | $159M | $159M | $142M | $135M | $135M | $132M | $128M | $121M | $119M | |
| Total Liabilities | $2.92B | $2.66B | $2.55B | $2.77B | $2.44B | $2.05B | $2.21B | $1.97B | $1.84B | $1.72B | $1.58B | $1.76B | |
| Total Debt | $244M | $314M | $162M | $711M | $11M | $10M | $322M | $301M | $34M | $252M | $204M | $227M | |
| Common Stock | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | |
| Retained Earnings | $4.89B | $4.26B | $3.61B | $3.07B | $2.72B | $2.39B | $2.15B | $1.85B | $1.58B | $1.35B | $1.15B | $1.02B | |
| Treasury Stock | $4.92B | $4.42B | $4.35B | $4.34B | $4.03B | $3.42B | $3.31B | $2.90B | $2.43B | $2.17B | $1.84B | $1.69B | |
| AOCI | $-48M | $-94M | $-57M | $-91M | $-88M | $-97M | $-104M | $-189M | $-157M | $-195M | $-205M | $-154M | |
| Stockholders' Equity | $1.16B | $962M | $393M | $-203M | $-269M | $-17M | $-170M | $-150M | $50M | $38M | $102M | $9M | |
| Liabilities + Equity | $4.08B | $3.62B | $2.94B | $2.57B | $2.17B | $2.03B | $2.03B | $1.82B | $1.89B | $1.76B | $1.68B | $1.76B |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $112M | $95M | $86M | $78M | $72M | $73M | $71M | $66M | $65M | $58M | $63M | $61M | |
| Stock-based Comp | $29M | $28M | $30M | $22M | $24M | $24M | $21M | $26M | $25M | $32M | $27M | $23M | |
| Deferred Tax | $20M | $-25M | $-26M | $-15M | $-6M | $8M | $20M | $26M | $43M | $-6M | $-22M | $6M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | $500.0K | $400.0K | $3M | $3M | |
| Restructuring | $7M | $0 | $3M | $2M | $2M | $11M | $10M | $3M | $3M | $2M | $3M | $2M | |
| Operating Cash Flow | $758M | $946M | $736M | $302M | $516M | $612M | $396M | $496M | $325M | $374M | $354M | $185M | |
| CapEx | $119M | $164M | $250M | $101M | $107M | $78M | $106M | $95M | $98M | $84M | $70M | $88M | |
| Investing Cash Flow | $-656M | $-174M | $-320M | $-103M | $-106M | $-80M | $16M | $30M | $-98M | $-84M | $-70M | $-87M | |
| Debt Issued | · | · | · | · | · | $600M | $0 | $0 | $0 | $350M | $0 | $300M | |
| Net Debt Issued | · | · | · | · | · | $589M | $-6M | $-33M | $-201M | $291M | $-24M | $-2M | |
| Stock Repurchased | $482M | $54M | $0 | $300M | $600M | $100M | $400M | $450M | $250M | $300M | $0 | $550M | |
| Net Stock Activity | $-482M | $-54M | $0 | $-300M | $-600M | $-100M | $-400M | $-450M | $-250M | $-300M | $0 | $-550M | |
| Dividends Paid | $173M | $160M | $153M | $142M | $126M | $118M | $110M | $94M | $80M | $69M | $59M | $53M | |
| Financing Cash Flow | $-466M | $-419M | $-406M | $-174M | $-499M | $-442M | $-423M | $-538M | $-218M | $-275M | $-271M | $-90M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | · | · | $13M | $8M | |
| Taxes Paid | $104M | $232M | $198M | $77M | $128M | $90M | $83M | $90M | $119M | $127M | $83M | $105M | |
| Free Cash Flow | $639M | $782M | $486M | $201M | $409M | $534M | $290M | $400M | $227M | $270M | $261M | $96M | |
| Levered FCF | $606M | $751M | $445M | $170M | $388M | $511M | $252M | $371M | $207M | $252M | $246M | $85M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.4% | 33.2% | 31.1% | 27.2% | 28.3% | 28.6% | 28.4% | 28.6% | 29.3% | 29.6% | 27.3% | 26.8% | |
| Operating Margin | 20.1% | 19.4% | 15.9% | 13.9% | 14.1% | 13.2% | 17.2% | 13.1% | 12.9% | 11.8% | 8.8% | 9.9% | |
| Net Margin | 15.5% | 15.1% | 11.8% | 10.5% | 11.1% | 9.8% | 10.7% | 9.2% | 8.0% | 7.6% | 5.4% | 6.1% | |
| Pretax Margin | 19.2% | 18.6% | 14.8% | 13.1% | 13.4% | 12.2% | 13.3% | 12.0% | 12.1% | 11.1% | 8.2% | 9.4% | |
| EBITDA Margin | 20.1% | 19.4% | 15.9% | 13.9% | 14.1% | 13.2% | 17.2% | 13.1% | 12.9% | 11.8% | 8.8% | 9.9% | |
| ROA | 20.9% | 25.2% | 22.0% | 21.0% | 22.1% | 17.5% | 21.2% | 19.4% | 16.7% | 16.2% | 10.8% | 12.1% | |
| ROE | 78.1% | 100.6% | 265.3% | -195.6% | -153.7% | -536.6% | -182.7% | -303.7% | 694.0% | 398.0% | 337.4% | 83.2% | |
| ROIC | 59.8% | 72.1% | 141.3% | 104.4% | -189.8% | -5330.7% | 348.5% | 259.5% | 391.5% | 102.3% | 66.2% | 93.1% |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.4 | 1.4 | 0.9 | 1.4 | 1.6 | 1.1 | 1.1 | 1.7 | 1.1 | 1.1 | 1.2 | |
| Quick Ratio | 0.5 | 0.8 | 0.7 | 0.4 | 0.7 | 0.8 | 0.5 | 0.5 | 0.9 | 0.6 | 0.6 | 0.6 | |
| Debt / Equity | 0.2 | 0.4 | 0.6 | -3.5 | -0.0 | -0.6 | -1.9 | -2.0 | 0.7 | 6.6 | 2.0 | 25.2 | |
| Interest Coverage | 25.5 | 26.7 | 15.3 | 17.0 | 23.6 | 16.9 | 13.8 | 13.3 | 16.2 | 15.9 | 12.9 | 19.5 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.3 | 1.7 | 1.9 | 2.0 | 2.0 | 1.8 | 2.0 | 2.1 | 2.1 | 2.1 | 2.0 | 2.0 | |
| Inventory Turnover | 3.5 | 4.6 | 4.7 | 5.4 | 6.3 | 5.3 | 5.2 | 5.6 | 6.0 | 6.1 | 5.7 | 5.9 | |
| Receivables Turnover | 8.4 | 8.5 | 8.3 | 8.4 | 8.8 | 7.8 | 8.0 | 7.9 | 7.9 | 8.2 | 8.2 | 8.1 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -2.7% | 7.2% | 5.6% | 12.5% | 15.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.3% | 8.4% | 11.1% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 0.57% | 36.7% | 19.4% | 12.0% | 34.1% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 18.0% | 22.3% | 21.5% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 19.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -0.65% | 37.2% | 18.9% | 7.1% | 30.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 17.5% | 20.5% | 18.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 17.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 7.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.20B | $5.34B | $4.98B | $4.72B | $4.19B | $3.63B | $3.81B | $3.88B | $3.84B | $3.64B | $3.47B | $3.37B | |
| Net Income TTM | $806M | $811M | $591M | $497M | $464M | $356M | $409M | $359M | $306M | $278M | $187M | $206M | |
| P/E | 21.3 | 26.9 | 27.0 | 17.2 | 26.2 | 29.7 | 23.5 | 25.0 | 29.2 | 24.2 | 30.5 | 22.5 | |
| Earnings Yield | 4.7% | 3.7% | 3.7% | 5.8% | 3.8% | 3.4% | 4.2% | 4.0% | 3.4% | 4.1% | 3.3% | 4.5% | |
| Payout Ratio | 21.5% | 19.9% | 26.0% | 28.6% | 27.3% | 33.1% | 27.0% | 26.2% | 26.1% | 24.8% | 31.8% | 25.6% | |
| Annual Payout | $173M | $160M | $153M | $142M | $126M | $118M | $110M | $94M | $80M | $69M | $59M | $53M |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.14B | $1.20B | $1.43B | $1.50B | $1.07B | $1.34B | $1.50B | $1.45B | $1.05B | $1.15B | $1.37B | $1.41B | $1.05B | $1.09B | $1.24B | |
| Cost of Revenue | $1.01B | $784M | $806M | $940M | $983M | $732M | $884M | $1.01B | $963M | $707M | $798M | $938M | $954M | $743M | $809M | $911M | |
| Gross Profit | $540M | $351M | $389M | $487M | $518M | $341M | $461M | $488M | $488M | $340M | $356M | $428M | $458M | $307M | $285M | $334M | |
| SG&A Expense | $183M | $185M | $175M | $162M | $173M | $171M | $207M | $184M | $168M | $171M | $178M | $179M | $181M | $168M | $155M | $147M | |
| Operating Income | $355M | $164M | $196M | $329M | $349M | $168M | $250M | $303M | $320M | $167M | $186M | $187M | $279M | $140M | $132M | $186M | |
| Interest Expense | $15M | $15M | $16M | $10M | $8M | $6M | $6M | $9M | $12M | $12M | $11M | $11M | $15M | $14M | $13M | $10M | |
| Other Non-op | $-600.0K | $-900.0K | $-1M | $-800.0K | $-600.0K | $-900.0K | $-400.0K | $-400.0K | $-300.0K | $-800.0K | $0 | $-100.0K | $0 | $0 | $100.0K | $-700.0K | |
| Pretax Income | $340M | $147M | $179M | $317M | $340M | $161M | $244M | $294M | $307M | $154M | $175M | $175M | $264M | $125M | $120M | $175M | |
| Income Tax | $71M | $30M | $36M | $58M | $66M | $31M | $42M | $55M | $61M | $30M | $29M | $45M | $46M | $27M | $25M | $33M | |
| Net Income | $269M | $117M | $142M | $260M | $274M | $130M | $202M | $239M | $246M | $124M | $146M | $130M | $217M | $98M | $94M | $142M | |
| EPS (Basic) | $7.75 | $3.37 | $4.08 | $7.41 | $7.75 | $3.65 | $5.67 | $6.71 | $6.91 | $3.49 | $4.10 | $3.67 | $6.12 | $2.76 | $2.65 | $4.00 | |
| EPS (Diluted) | $7.72 | $3.35 | $4.07 | $7.38 | $7.71 | $3.63 | $5.64 | $6.68 | $6.87 | $3.47 | $4.08 | $3.65 | $6.10 | $2.75 | $2.64 | $3.99 | |
| Shares (Basic) | 34,700,000 | 34,800,000 | -70,700,000 | 35,100,000 | 35,300,000 | 35,500,000 | -71,200,000 | 35,600,000 | 35,600,000 | 35,600,000 | -71,000,000 | 35,500,000 | 35,500,000 | 35,500,000 | -71,600,000 | 35,400,000 | |
| Shares (Diluted) | 34,800,000 | 35,000,000 | -71,000,000 | 35,200,000 | 35,500,000 | 35,700,000 | -71,600,000 | 35,800,000 | 35,800,000 | 35,800,000 | -71,200,000 | 35,700,000 | 35,600,000 | 35,600,000 | -71,900,000 | 35,500,000 | |
| EBITDA | $355M | $164M | · | $310M | $354M | $156M | · | $303M | $320M | $167M | · | $187M | $279M | $140M | · | $186M |
Balance Sheet 27
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $52M | $48M | $34M | $53M | $49M | $217M | $415M | $243M | $48M | $46M | · | $132M | $51M | $40M | · | $41M | |
| Short-term Investments | $600.0K | $2M | $500.0K | $6M | $6M | $6M | $7M | $13M | $10M | $12M | · | $10M | $7M | $7M | · | $8M | |
| Receivables | $918M | $648M | $579M | $759M | $868M | $652M | $661M | $816M | $859M | $616M | · | $695M | $844M | $642M | · | $708M | |
| Inventory | $1.15B | $1.21B | $1.15B | $992M | $1.00B | $902M | $853M | $689M | $776M | $823M | $842M | $748M | $856M | $904M | · | $743M | |
| Other Current Assets | $135M | $124M | $138M | $89M | $78M | $78M | $96M | $70M | $73M | $68M | · | $65M | $69M | $78M | · | $94M | |
| Current Assets | $2.26B | $2.03B | $1.90B | $1.90B | $2.00B | $1.85B | $2.03B | $1.83B | $1.77B | $1.56B | $1.58B | $1.74B | $1.83B | $1.67B | · | $1.59B | |
| PP&E (Net) | $934M | $918M | $887M | $848M | $826M | $810M | $800M | $755M | $741M | $759M | $720M | $602M | $608M | $567M | $549M | $520M | |
| PP&E (Gross) | · | · | $1.93B | · | · | · | $1.76B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $1.09B | $1.06B | $1.04B | $1.02B | $1.00B | $978M | $957M | $953M | $936M | $928M | · | $898M | $953M | $939M | · | $906M | |
| Goodwill | $504M | $504M | $497M | $220M | $220M | $220M | $220M | $220M | $220M | $220M | $222M | $182M | $186M | $186M | $186M | $186M | |
| Intangibles | $266M | $270M | $273M | · | · | · | $45M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $140M | $134M | $133M | $171M | $176M | $170M | $120M | $166M | $161M | $158M | · | $100M | $99M | $94M | · | $91M | |
| Total Assets | $4.54B | $4.29B | $4.08B | $3.52B | $3.65B | $3.46B | $3.62B | $3.31B | $3.22B | $2.99B | $2.94B | $2.89B | $2.98B | $2.77B | $2.57B | $2.63B | |
| Accounts Payable | $524M | $465M | $438M | $478M | $583M | $577M | $490M | $478M | $451M | $438M | · | $346M | $470M | $445M | · | $430M | |
| Accrued Liabilities | $373M | $302M | $374M | $399M | $385M | $326M | $435M | $445M | $393M | $302M | · | $409M | $426M | $342M | · | $410M | |
| Short-term Debt | $412M | $361M | $226M | $157M | $29M | $0 | $0 | $0 | $147M | $250M | · | · | · | · | · | · | |
| Current Liabilities | $1.44B | $1.29B | $1.19B | $1.13B | $1.42B | $1.29B | $1.31B | $1.32B | $1.10B | $1.10B | · | $1.25B | $1.74B | $1.53B | · | $932M | |
| Capital Leases | $356M | $348M | $293M | $279M | $286M | $264M | $268M | $215M | $215M | $174M | · | $162M | $160M | $159M | · | $144M | |
| Other Non-current Liabilities | $284M | $275M | $271M | $191M | $192M | $190M | $225M | $184M | $180M | $174M | · | $158M | $160M | $161M | · | $176M | |
| Total Liabilities | $3.25B | $3.08B | $2.92B | $2.45B | $2.75B | $2.60B | $2.66B | $2.56B | $2.64B | $2.62B | $2.55B | $2.73B | $2.92B | $2.90B | · | $2.93B | |
| Total Debt | $412M | $361M | · | $157M | $29M | $0 | · | $0 | $147M | $250M | · | · | · | · | · | · | |
| Common Stock | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | · | $900.0K | $900.0K | $900.0K | · | $900.0K | |
| Retained Earnings | $5.19B | $4.96B | $4.89B | $4.66B | $4.46B | $4.23B | $4.26B | $3.99B | $3.80B | $3.59B | $3.61B | $3.40B | $3.31B | $3.13B | · | $3.01B | |
| Treasury Stock | $5.09B | $4.95B | $4.92B | $4.77B | $4.73B | $4.52B | $4.42B | $4.38B | $4.36B | $4.36B | · | $4.34B | $4.34B | $4.34B | · | $4.34B | |
| AOCI | $-59M | $-48M | $-48M | $-62M | $-61M | $-81M | $-94M | $-71M | $-61M | $-58M | · | $-77M | $-76M | $-79M | $-91M | $-132M | |
| Stockholders' Equity | $1.30B | $1.21B | $1.16B | $1.07B | $900M | $852M | $962M | $754M | $577M | $369M | $393M | $160M | $63M | $-126M | $-203M | $-305M | |
| Liabilities + Equity | $4.54B | $4.29B | $4.08B | $3.52B | $3.65B | $3.46B | $3.62B | $3.31B | $3.22B | $2.99B | $2.94B | $2.89B | $2.98B | $2.77B | · | $2.63B |
Cash Flow 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $33M | $29M | $33M | $27M | $27M | $26M | $26M | $20M | $25M | $24M | $24M | $22M | $21M | $20M | $22M | $18M | |
| Stock-based Comp | $6M | $6M | $8M | $6M | $8M | $6M | $8M | $7M | $7M | $7M | $7M | $10M | $8M | $6M | $5M | $6M | |
| Deferred Tax | $4M | $3M | $-2M | $33M | $-6M | $-1M | $-3M | $-8M | $-4M | $-9M | $-600.0K | $-6M | $-11M | $-8M | $2M | $-5M | |
| Restructuring | $0 | $0 | $7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3M | $300.0K | $0 | $0 | $300.0K | $200.0K | |
| Operating Cash Flow | $172M | $16M | $406M | $301M | $87M | $-36M | $332M | $452M | $184M | $-23M | $306M | $313M | $196M | $-79M | $132M | $171M | |
| CapEx | $36M | $56M | $29M | $36M | $28M | $26M | $60M | $41M | $33M | $30M | $125M | $40M | $50M | $35M | $34M | $20M | |
| Investing Cash Flow | $-34M | $-57M | $-568M | $-36M | $-28M | $-24M | $-66M | $-51M | $-26M | $-31M | $-195M | $-42M | $-49M | $-34M | $-35M | $-22M | |
| Stock Repurchased | $132M | $20M | $150M | $37M | $210M | $85M | $41M | $13M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | $-20M | · | · | · | $-85M | · | · | · | · | · | · | · | $0 | · | · | |
| Dividends Paid | $45M | $45M | $46M | $46M | $41M | $41M | $41M | $41M | $39M | $39M | $0 | $78M | $38M | $38M | $0 | $75M | |
| Financing Cash Flow | $-133M | $57M | $162M | $-259M | $-227M | $-141M | $-91M | $-209M | $-161M | $42M | $-191M | $-182M | $-135M | $101M | $-85M | $-164M | |
| Taxes Paid | $106M | $7M | $12M | $48M | $39M | $5M | $86M | $85M | $56M | $4M | $46M | $63M | $54M | $34M | $2M | $42M | |
| Free Cash Flow | · | $-39M | · | · | · | $-61M | · | · | · | $-52M | · | · | · | $-114M | · | · | |
| Levered FCF | · | $-52M | · | · | · | $-66M | · | · | · | $-62M | · | · | · | $-125M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.9% | 30.9% | · | 32.8% | 34.8% | 30.6% | · | 32.6% | 33.6% | 32.5% | · | 31.4% | 32.4% | 29.2% | · | 26.9% | |
| Operating Margin | 23.0% | 14.4% | · | 21.7% | 23.6% | 14.5% | · | 20.2% | 22.1% | 15.9% | · | 13.7% | 19.8% | 13.3% | · | 14.9% | |
| Net Margin | 17.4% | 10.3% | · | 17.2% | 18.5% | 11.2% | · | 16.0% | 17.0% | 11.9% | · | 9.5% | 15.4% | 9.3% | · | 11.4% | |
| Pretax Margin | 22.0% | 12.9% | · | 20.9% | 23.0% | 13.8% | · | 19.6% | 21.2% | 14.7% | · | 12.8% | 18.7% | 11.9% | · | 14.0% | |
| EBITDA Margin | 23.0% | 14.4% | · | 21.7% | 23.6% | 14.5% | · | 20.2% | 22.1% | 15.9% | · | 13.7% | 19.8% | 13.3% | · | 14.9% | |
| ROA | 6.6% | 3.0% | · | 7.2% | 8.1% | 3.7% | · | 7.7% | 7.9% | 4.3% | · | 4.7% | 7.7% | 3.8% | · | 6.0% | |
| ROE | 24.5% | 11.3% | · | 27.0% | 37.6% | 19.7% | · | 52.3% | 76.8% | 102.4% | · | -179.0% | -128.3% | -36.6% | · | -44.3% | |
| ROIC | 16.4% | 8.3% | · | 20.8% | 30.6% | 14.8% | · | 32.7% | 35.4% | 21.7% | · | 87.2% | 366.8% | -86.8% | · | -49.5% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.6 | · | 1.7 | 1.4 | 1.4 | · | 1.4 | 1.6 | 1.4 | · | 1.4 | 1.0 | 1.1 | · | 1.7 | |
| Quick Ratio | 0.7 | 0.5 | · | 0.7 | 0.7 | 0.7 | · | 0.8 | 0.8 | 0.6 | · | 0.7 | 0.5 | 0.5 | · | 0.8 | |
| Debt / Equity | 0.3 | 0.3 | · | 0.1 | 0.0 | 0.0 | · | 0.0 | 0.3 | 0.7 | · | · | · | · | · | · | |
| Interest Coverage | 24.1 | 10.8 | · | 29.5 | 42.7 | 25.1 | · | 34.1 | 25.6 | 14.1 | · | 16.7 | 18.6 | 9.8 | · | 17.7 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.3 | · | 0.4 | 0.4 | 0.3 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | |
| Inventory Turnover | 0.9 | 0.7 | · | 1.1 | 1.1 | 0.9 | · | 1.4 | 1.2 | 0.8 | · | 1.3 | 1.2 | 0.9 | · | 1.5 | |
| Receivables Turnover | 1.7 | 1.7 | · | 1.8 | 1.7 | 1.7 | · | 2.0 | 1.7 | 1.7 | · | 1.9 | 1.7 | 1.7 | · | 1.9 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $5.30B | $5.26B | · | $5.50B | $5.52B | $5.07B | · | $5.36B | $5.28B | $4.87B | · | $4.92B | $4.80B | $4.75B | · | $4.59B | |
| Net Income TTM | $789M | $794M | · | $902M | $888M | $739M | · | $740M | $718M | $570M | · | $588M | $634M | $501M | · | $529M | |
| P/E | 25.4 | 20.6 | · | 20.8 | 23.0 | 27.2 | · | 29.2 | 26.6 | 30.6 | · | 22.7 | 18.3 | 18.0 | · | 15.2 | |
| Earnings Yield | 3.9% | 4.9% | · | 4.8% | 4.3% | 3.7% | · | 3.4% | 3.8% | 3.3% | · | 4.4% | 5.5% | 5.6% | · | 6.6% | |
| Payout Ratio | · | 38.6% | · | · | · | 34.0% | · | · | · | 31.5% | · | · | · | 38.4% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $5.20B | $5.34B | $4.98B | $4.72B | $4.19B |
| Gross Margin % | 33.4% | 33.2% | 31.1% | 27.2% | 28.3% |
| Operating Margin % | 20.1% | 19.4% | 15.9% | 13.9% | 14.1% |
| Net Income | $806M | $811M | $591M | $497M | $464M |
| Diluted EPS | $22.79 | $22.66 | $16.58 | $13.88 | $12.39 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.2 | 0.4 | 0.6 | -3.5 | -0.0 |
| Current Ratio | 1.6 | 1.4 | 1.4 | 0.9 | 1.4 |
| Quick Ratio | 0.5 | 0.8 | 0.7 | 0.4 | 0.7 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $639M | $782M | $486M | $201M | $409M |
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Institutional owners (13F) 710 filers · $11.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 93 (+11 vs prior Q) | 49 (-38 vs prior Q) | 217 (-15 vs prior Q) | 225 (+23 vs prior Q) | +3.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $1,685,021,841 | 3,470,122 | 14.61% | Shares |
| Capital International Investors | $1,422,165,239 | 2,482,381 | 12.33% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,178,823,426 | 2,057,463 | 10.22% | Shares |
| VIKING GLOBAL INVESTORS LP | $911,539,959 | 1,590,959 | 7.91% | Shares |
| STATE STREET CORP | $852,219,484 | 1,483,993 | 7.39% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $811,028,486 | 1,415,531 | 7.03% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $433,842,848 | 760,548 | 3.76% | Shares |
| MILLENNIUM MANAGEMENT LLC | $391,576,948 | 683,440 | 3.40% | Shares |
| NORGES BANK | $206,547,329 | 360,498 | 1.79% | Shares |
| CITADEL ADVISORS LLC | $203,471,734 | 355,130 | 1.76% | Shares |
| Beacon Pointe Advisors, LLC | $193,738,085 | 417,422 | 1.68% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $158,027,631 | 275,814 | 1.37% | Shares |
| LONDON CO OF VIRGINIA | $155,787,063 | 271,899 | 1.35% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $102,398,197 | 178,721 | 0.89% | Shares |
| BANK OF AMERICA CORP /DE/ | $100,824,877 | 175,975 | 0.87% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $95,049,540 | 165,895 | 0.82% | Shares |
| True North Advisors, LLC | $92,307,975 | 161,110 | 0.80% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $82,438,498 | 143,884 | 0.71% | Shares |
| NEUBERGER BERMAN GROUP LLC | $82,059,159 | 143,222 | 0.71% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $75,013,479 | 130,925 | 0.65% | Shares |
| EULAV Asset Management | $71,790,635 | 125,300 | 0.62% | Shares |
| BARCLAYS PLC | $68,452,055 | 119,473 | 0.59% | Shares |
| D. E. Shaw & Co., Inc. | $58,079,369 | 101,369 | 0.50% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $54,035,916 | 94,312 | 0.47% | Shares |
| Swiss National Bank | $50,614,403 | 88,340 | 0.44% | Shares |
| Capital International, Inc./CA/ | $46,851,267 | 81,772 | 0.41% | Shares |
| GOLDMAN SACHS GROUP INC | $46,287,485 | 80,788 | 0.40% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $44,075,325 | 76,927 | 0.38% | Shares |
| CIBC Bancorp USA Inc. | $39,877,320 | 69,378 | 0.35% | Shares |
| RAYMOND JAMES FINANCIAL INC | $38,918,135 | 67,926 | 0.34% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $37,668,025 | 65,744 | 0.33% | Shares |
| Vanguard Global Advisers, LLC | $37,394,728 | 65,267 | 0.32% | Shares |
| Bridgewater Associates, LP | $36,227,056 | 63,229 | 0.31% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $36,161,766 | 64,131 | 0.31% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $35,746,923 | 62,391 | 0.31% | Shares |
| RHUMBLINE ADVISERS | $35,646,538 | 62,216 | 0.31% | Shares |
| BlackRock, Inc. | $35,566,444 | 62,076 | 0.31% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $35,235,279 | 61,498 | 0.31% | Shares |
| Sunriver Management LLC | $33,808,061 | 59,007 | 0.29% | Shares |
| California Public Employees Retirement System | $29,648,444 | 51,747 | 0.26% | Shares |
| MORGAN STANLEY | $28,633,140 | 49,974 | 0.25% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $28,481,345 | 49,710 | 0.25% | Shares |
| Fisher Asset Management, LLC | $27,674,328 | 48,301 | 0.24% | Shares |
| Boston Trust Walden Corp | $26,960,162 | 47,055 | 0.23% | Shares |
| UBS Group AG | $26,498,938 | 46,250 | 0.23% | Shares |
| Schonfeld Strategic Advisors LLC | $25,151,930 | 43,899 | 0.22% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $25,029,321 | 43,685 | 0.22% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $23,231,404 | 40,547 | 0.20% | Shares |
| CAMPBELL NEWMAN ASSET MANAGEMENT INC | $22,327,862 | 38,970 | 0.19% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $20,975,599 | 43,197 | 0.18% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $19,624,345 | 42,282 | 0.17% | Shares |
| AMERICAN CENTURY COMPANIES INC | $19,405,816 | 33,870 | 0.17% | Shares |
| Rafferty Asset Management, LLC | $18,918,809 | 33,020 | 0.16% | Shares |
| BRIGHTON JONES LLC | $18,441,574 | 32,187 | 0.16% | Shares |
| Gotham Asset Management, LLC | $17,210,272 | 30,038 | 0.15% | Shares |
| ALLIANCEBERNSTEIN L.P. | $16,312,313 | 35,146 | 0.14% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $15,572,208 | 27,179 | 0.14% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $15,368,811 | 26,824 | 0.13% | Shares |
| AVIVA PLC | $15,273,128 | 26,657 | 0.13% | Shares |
| STIFEL FINANCIAL CORP | $14,825,314 | 25,873 | 0.13% | Shares |
| HFR Wealth Management, LLC | $14,796,344 | 25,825 | 0.13% | Shares |
| PineBridge Investments, L.P. | $13,994,161 | 26,436 | 0.12% | Shares |
| Man Group plc | $13,229,416 | 23,090 | 0.11% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $13,145,192 | 22,943 | 0.11% | Shares |
| LPL Financial LLC | $12,707,051 | 22,178 | 0.11% | Shares |
| Baird Financial Group, Inc. | $11,940,851 | 20,841 | 0.10% | Shares |
| Quantinno Capital Management LP | $11,916,905 | 20,799 | 0.10% | Shares |
| Horrell Capital Management, Inc. | $11,547,234 | 20,154 | 0.10% | Shares |
| GATEWAY INVESTMENT ADVISERS LLC | $11,376,573 | 19,856 | 0.10% | Shares |
| APG Asset Management N.V. | $11,279,593 | 22,508 | 0.10% | Shares |
| Pictet Asset Management Holding SA | $11,183,411 | 19,519 | 0.10% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $11,069,036 | 23,849 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $10,943,345 | 19,100 | 0.09% | Put option |
| Mediolanum International Funds Ltd | $10,811,752 | 19,007 | 0.09% | Shares |
| Aventail Capital Group, LP | $10,720,467 | 18,711 | 0.09% | Shares |
| Legal & General Group Plc | $10,718,177 | 18,707 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $10,599,575 | 18,500 | 0.09% | Call option |
| Connor, Clark & Lunn Investment Management Ltd. | $10,596,137 | 18,494 | 0.09% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $10,537,123 | 18,391 | 0.09% | Shares |
| BLI - Banque de Luxembourg Investments | $10,412,268 | 18,260 | 0.09% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $10,323,413 | 18,018 | 0.09% | Shares |
| Fideuram Asset Management (Ireland) dac | $9,925,755 | 19,013 | 0.09% | Shares |
| Russell Investments Group, Ltd. | $9,682,282 | 16,899 | 0.08% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $9,582,016 | 16,724 | 0.08% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $9,541,909 | 16,654 | 0.08% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $9,327,626 | 16,280 | 0.08% | Shares |
| Walleye Capital LLC | $9,060,631 | 15,814 | 0.08% | Shares |
| Interval Partners, LP | $9,011,358 | 15,728 | 0.08% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $8,863,660 | 15,497 | 0.08% | Shares |
| Vanguard Investments Australia, Ltd. | $8,589,093 | 14,991 | 0.07% | Shares |
| PRUDENTIAL FINANCIAL INC | $8,519,767 | 14,870 | 0.07% | Shares |
| STONE RUN CAPITAL, LLC | $8,318,892 | 15,715 | 0.07% | Shares |
| Cetera Investment Advisers | $8,223,209 | 14,353 | 0.07% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $8,135,890 | 14,200 | 0.07% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $7,837,383 | 13,679 | 0.07% | Shares |
| BANK OF MONTREAL /CAN/ | $7,746,857 | 13,521 | 0.07% | Shares |
| FIRST TRUST ADVISORS LP | $7,536,116 | 13,153 | 0.07% | Shares |
| KLP KAPITALFORVALTNING AS | $7,497,732 | 13,060 | 0.07% | Shares |
| Tredje AP-fonden | $7,339,490 | 12,810 | 0.06% | Shares |
| CIBC Asset Management Inc | $7,269,017 | 12,687 | 0.06% | Shares |
Company insiders 60 insiders · 33 officers · 27 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Alok Maskara | Chief Executive Officer | March 13, 2026 F | 40,479 | 0 | 0 | $0 |
| Todd M Bluedorn | Chairman and CEO | March 23, 2022 D | 15,778 | 0 | 0 | $0 |
| Robert E Schjerven | Chief Executive Officer | June 30, 2007 D | 756,958 | 0 | 0 | $0 |
| Michael Quenzer | EVP, Chief Financial Officer | March 13, 2026 F | 4,895 | 0 | 0 | $0 |
| Robert W. Hau | EVP, Chief Financial Officer | Dec. 8, 2011 A | 30,166 | 0 | 0 | $0 |
| Susan K Carter | EVP & Chief Financial Officer | June 1, 2009 D | 95,048 | 0 | 0 | $0 |
| SMITH RICHARD A /TX | Chief Financial Officer | Dec. 11, 2003 A | 112,195 | 0 | 0 | $0 |
| Douglas L Young | EVP, President & COO RHC | March 15, 2023 F | 49,295 | 0 | 0 | $0 |
| Elliot S Zimmer | EVP, President/COO Commercial | May 20, 2022 F | 1,390 | 0 | 0 | $0 |
| David W Moon | EVP, President & COO of WWR | Dec. 12, 2017 F | 113,908 | 0 | 0 | $0 |
| Michael Blatz | EVP, Pres, COO Service Experts | March 22, 2013 D | 11,995 | 0 | 0 | $0 |
| Harry J Bizios | EVP, Pres/COO Commercial | March 15, 2013 F | 27,616 | 0 | 0 | $0 |
| Chris Kosel | VP-Corp Controller and CAO | May 6, 2026 S | 1,090 | 0 | 3 | $-842,830 |
| Joseph Nassab | EVP & Pres., Bldg Climate Sol. | March 13, 2026 F | 11,063 | 0 | 0 | $0 |
| Prakash Bedapudi | EVP, Chief Technology Officer | March 13, 2026 F | 21,455 | 0 | 0 | $0 |
| Daniel M Sessa | EVP, Chief HR Officer | March 13, 2026 F | 34,640 | 0 | 0 | $0 |
| Sarah Rachel Martin | EVP & Pres., Home Comfort Sol | Feb. 2, 2026 A | 2,355 | 0 | 0 | $0 |
| Monica M. Brown | EVP, Chief Legal Officer | Feb. 2, 2026 A | 1,803 | 0 | 0 | $0 |
| Gary S Bedard | EVP & Pres., Home Comfort Sol | March 14, 2025 F | 21,945 | 0 | 0 | $0 |
| John D Torres | Executive Vice President | Feb. 4, 2025 M | 3,269 | 0 | 0 | $0 |
| Joseph William Reitmeier | EVP | Feb. 28, 2024 M | 24,533 | 0 | 0 | $0 |
| Terry L Johnston | EVP, Special Projects | Dec. 10, 2019 S | 20,049 | 0 | 0 | $0 |
| James W Borzi | Vice President, Operations | Dec. 9, 2010 A | 1,948 | 0 | 0 | $0 |
| Scott J Boxer | LII EVP/President SEI | June 30, 2010 D | 350,702 | 0 | 0 | $0 |
| William F Stoll JR | EVP, Chief Legal Officer & Sec | Sept. 30, 2008 D | 90,023 | 0 | 0 | $0 |
| Mark Roland Hogan | EVP, Engineering | July 31, 2008 D | 6,758 | 0 | 0 | $0 |
| Thomas W Booth | VP Op - SEI | Feb. 19, 2008 G | 127,622 | 0 | 0 | $0 |
| Linda Goodspeed | EVP ,IT and Bus. Dev. | Dec. 31, 2007 D | 136,320 | 0 | 0 | $0 |
| Harry J Ashenhurst | Chief Administrative Officer | May 24, 2007 S | 179,389 | 0 | 0 | $0 |
| David L Inman | Chief Accounting Officer | Feb. 8, 2007 A | 33,801 | 0 | 0 | $0 |
| Robert J Mcdonough | Executive Vice President | March 13, 2006 F | 214,903 | 0 | 0 | $0 |
| Michael E Schwartz | Executive Vice President | Aug. 2, 2005 M | 267,775 | 0 | 0 | $0 |
| Carl E Edwards JR | Chief Legal Officer/Secretary | Dec. 4, 2003 M | 266,674 | 0 | 0 | $0 |
| Sivasankaran Somasundaram | Director | May 26, 2026 D | 767 | 0 | 0 | $0 |
| Shane D Wall | Director | May 21, 2026 A | 2,548 | 0 | 1 | $-54,001 |
| Ark Jon Vander | Director | May 21, 2026 A | 617 | 0 | 0 | $0 |
| Tracy A Embree | Director | May 21, 2026 A | 343 | 0 | 0 | $0 |
| Sherry Buck | Director | May 21, 2026 A | 2,306 | 0 | 0 | $0 |
| Karen H Quintos | Director | May 21, 2026 A | 7,253 | 0 | 38 | $-880,063 |
| Todd J Teske | Director | May 21, 2026 A | 7,224 | 0 | 2 | $-668,525 |
| Gregory T Swienton | Director | May 16, 2024 A | 13,956 | 0 | 0 | $0 |
| Janet Katherine Cooper | Director | May 16, 2024 A | 8,672 | 0 | 0 | $0 |
| Kim K.W. Rucker | Director | Dec. 9, 2022 A | 5,242 | 0 | 0 | $0 |
| Max H Mitchell | Director | Dec. 10, 2021 A | 1,907 | 0 | 0 | $0 |
| John E Major | Director | Jan. 15, 2021 A | 13,576 | 0 | 0 | $0 |
| Paul W Schmidt | Director | April 15, 2020 A | 1,498 | 0 | 0 | $0 |
| Terry Dean Stinson | Director | April 17, 2017 A | 44,110 | 0 | 0 | $0 |
| Richard L Thompson | Director | Oct. 1, 2015 J | 216,159 | 0 | 0 | $0 |
| Jeffrey D Storey | Director | July 15, 2011 A | 195,108 | 0 | 0 | $0 |
| James J Byrne | Director | April 15, 2011 A | 57,284 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| NORRIS JOHN W III ×2 filings | June 23, 2025 | 9.80% | Amendment | Passive investment | SEC |
| John W. Norris, Jr. | April 6, 2015 | — | Initial filing | — | SEC |
| Undisclosed reporting person | March 20, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 162 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| KMID · Virtus ETF Trust II | 3.44% | 2,829 NS | April 30, 2026 | N-PORT |
| ITB · iShares Trust | 2.89% | 154,555 SH | Aug. 8, 2026 | Daily |
| NAIL · Direxion Shares ETF Trust | 2.75% | 28,994 NS | April 30, 2026 | N-PORT |
| UPGR · DBX ETF Trust | 1.93% | 252 NS | May 29, 2026 | N-PORT |
| UPGD · Invesco Exchange-Traded Fund Trust | 1.66% | 4,598 SH | Aug. 8, 2026 | Daily |
| CCSO · Tidal Trust II | 1.57% | 1,368 NS | April 30, 2026 | N-PORT |
| RSPN · Invesco Exchange-Traded Fund Trust | 0.97% | 23,929 SH | Aug. 8, 2026 | Daily |
| HOMZ · ETF Series Solutions | 0.86% | 585 NS | May 31, 2026 | N-PORT |
| NUMV · Nushares ETF Trust | 0.76% | 6,106 NS | April 30, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.49% | 414,842 SH | Aug. 8, 2026 | Daily |
| TRFK · Pacer Funds Trust | 0.41% | 4,702 NS | April 30, 2026 | N-PORT |
| MADE · iShares Trust | 0.40% | 593 SH | Aug. 8, 2026 | Daily |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.39% | 4,894 NS | May 31, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.35% | 2,351 NS | May 31, 2026 | N-PORT |
| FLAG · Global X Funds | 0.32% | 10 NS | April 30, 2026 | N-PORT |
| SZNE · Pacer Funds Trust | 0.32% | 80 NS | April 30, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | 0.26% | 11,313 NS | April 30, 2026 | N-PORT |
| FLCC · Federated Hermes ETF Trust | 0.26% | 630 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.24% | 9,363 NS | April 30, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.24% | 38,051 SH | Aug. 8, 2026 | Daily |
| TEXN · iShares Trust | 0.24% | 91 SH | Aug. 8, 2026 | Daily |
| DUSL · Direxion Shares ETF Trust | 0.22% | 223 NS | April 30, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.21% | 718,402 SH | Aug. 8, 2026 | Daily |
| FTA · First Trust Exchange-Traded AlphaDE… | 0.19% | 4,734 NS | April 30, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.19% | 5,293 NS | April 30, 2026 | N-PORT |
| UXI · ProShares Trust | 0.19% | 106 NS | May 31, 2026 | N-PORT |
| IMCG · iShares Trust | 0.19% | 17,330 SH | Aug. 8, 2026 | Daily |
| GSEW · Goldman Sachs ETF Trust | 0.18% | 6,430 NS | May 31, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.18% | 1,461 NS | May 31, 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0.18% | 163 NS | April 30, 2026 | N-PORT |
| SIZE · iShares Trust | 0.17% | 1,688 SH | Aug. 8, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.16% | 367,717 SH | Aug. 8, 2026 | Daily |
| EUSA · iShares, Inc. | 0.16% | 7,053 SH | Aug. 8, 2026 | Daily |
| IYJ · iShares Trust | 0.16% | 7,164 SH | Aug. 8, 2026 | Daily |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.16% | 807 NS | May 31, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.15% | 1,210 SH | Aug. 8, 2026 | Daily |
| QUAL · iShares Trust | 0.15% | 163,538 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.14% | 24,247 NS | May 31, 2026 | N-PORT |
| EXI · iShares Trust | 0.13% | 4,485 SH | Aug. 8, 2026 | Daily |
| BSCS · Invesco Exchange-Traded Self-Indexe… | 0.12% | 4,144,000 | Aug. 8, 2026 | Daily |
| PALC · Pacer Funds Trust | 0.12% | 513 NS | April 30, 2026 | N-PORT |
| IWP · iShares Trust | 0.12% | 53,896 SH | Aug. 8, 2026 | Daily |
| EVUS · iShares Trust | 0.11% | 984 SH | Aug. 8, 2026 | Daily |
| DUHP · Dimensional ETF Trust | 0.11% | 23,281 NS | April 30, 2026 | N-PORT |
| IWR · iShares Trust | 0.10% | 128,369 SH | Aug. 8, 2026 | Daily |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.10% | 249 NS | April 30, 2026 | N-PORT |
| IMCB · iShares Trust | 0.10% | 3,682 SH | Aug. 8, 2026 | Daily |
| IWS · iShares Trust | 0.09% | 33,445 SH | Aug. 8, 2026 | Daily |
| GSLC · Goldman Sachs ETF Trust | 0.09% | 26,758 NS | May 31, 2026 | N-PORT |
| SUSA · iShares Trust | 0.09% | 8,157 SH | Aug. 8, 2026 | Daily |