Revenue
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.83B | $3.82B | $3.85B | $3.75B | $3.54B | $2.90B | $2.99B | $3.19B | $3.00B | $2.69B | $2.54B | $2.36B | $2.15B | $1.94B | $1.71B | $1.49B | $1.38B | $1.45B |
| Gross profit | $1.49B | $1.46B | $1.48B | $1.33B | $1.31B | $1.11B | $1.18B | $1.31B | $1.23B | $1.11B | $1.01B | $859.3M | $773.8M | $652.0M | $512.6M | $446.0M | $394.9M | $374.1M |
| Gross margin | 38.83% | 38.14% | 38.54% | 35.42% | 37.04% | 38.28% | 39.45% | 40.95% | 41.13% | 41.48% | 39.81% | 36.47% | 35.93% | 33.62% | 29.97% | 29.95% | 28.72% | 25.78% |
| Research & development | $95.0M | $101.7M | $97.5M | $89.0M | $94.2M | $80.7M | $87.9M | $94.0M | $86.4M | $80.1M | $73.7M | $67.9M | $57.8M | $51.7M | $42.7M | $37.1M | $31.0M | — |
| Operating expenses | $758.8M | $748.4M | $739.3M | $967.6M | $628.9M | $605.0M | $651.6M | $692.1M | $654.5M | $599.2M | $556.9M | $514.0M | $473.9M | $392.6M | $316.1M | $313.1M | — | — |
| Operating income | $728.6M | $707.7M | $745.5M | $362.0M | $682.0M | $503.2M | $529.1M | $613.4M | $577.9M | $515.0M | $452.9M | $345.3M | $299.9M | $259.4M | $196.5M | $132.9M | — | — |
| Operating margin | 19.02% | 18.54% | 19.35% | 9.64% | 19.27% | 17.38% | 17.68% | 19.24% | 19.28% | 19.17% | 17.86% | 14.66% | 13.92% | 13.38% | 11.49% | 8.92% | — | — |
| EBITDA | $813.7M | $786.5M | $823.8M | $438.9M | $759.9M | $583.2M | $607.4M | $685.3M | $648.0M | $580.1M | $515.9M | $405.1M | $359.6M | $314.0M | $243.5M | $173.7M | — | — |
| EBITDA margin | 21.24% | 20.60% | 21.38% | 11.69% | 21.47% | 20.14% | 20.30% | 21.50% | 21.62% | 21.60% | 20.34% | 17.19% | 16.70% | 16.19% | 14.24% | 11.66% | — | — |
| Net income | $546.2M | $533.6M | $556.6M | $235.7M | $487.1M | $344.9M | $370.0M | $444.2M | $296.5M | $326.5M | $282.9M | $207.8M | $169.7M | $158.7M | $305.7M | $111.7M | $81.3M | $21.7M |
| Net profit margin | 14.26% | 13.98% | 14.45% | 6.28% | 13.76% | 11.91% | 12.36% | 13.93% | 9.89% | 12.16% | 11.15% | 8.82% | 7.88% | 8.18% | 17.87% | 7.50% | 5.91% | 1.50% |
| Basic EPSper basic share | $3.87 | $3.65 | $3.71 | $1.52 | $3.05 | $2.13 | $2.24 | $2.60 | $1.72 | $1.87 | $1.59 | $1.15 | $0.23 | $0.22 | $0.41 | $0.15 | $0.15 | $0.10 |
| Diluted EPSper diluted share | $3.85 | $3.63 | $3.69 | $1.51 | $3.02 | $2.12 | $2.22 | $2.58 | $1.70 | $1.85 | $1.58 | $1.14 | $0.23 | $0.21 | $0.41 | $0.15 | $0.15 | $0.10 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
FMR LLC | 10.42M |
BlackRock, Inc. | 8.06M |
VANGUARD CAPITAL MANAGEMENT LLC | 7.29M |
VANGUARD PORTFOLIO MANAGEMENT LLC | 7.05M |
STATE STREET CORP | 6.58M |
Invesco Ltd. | 5.54M |
AMERICAN CENTURY COMPANIES INC | 4.73M |
GEODE CAPITAL MANAGEMENT, LLC | 3.73M |
Impax Asset Management Group plc | 2.81M |
MORGAN STANLEY | 2.72M |
ProShare Advisors LLC | 2.5M |
UBS Group AG | 2.47M |
FIRST TRUST ADVISORS LP | 2.3M |
DIMENSIONAL FUND ADVISORS LP | 2.04M |
EARNEST PARTNERS LLC | 1.97M |
BANK OF AMERICA CORP /DE/ | 1.55M |
1832 Asset Management L.P. | 1.47M |
Madison Asset Management, LLC | 1.47M |
NORGES BANK | 1.45M |
Bank of New York Mellon Corp | 1.42M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Mar 4, 2026Form 4 | Schuh Darrell W.SVP; President & GM Lochinvar | SellCommon Stock | 1.1K | $74.39 | $82.1K | 2.2K |
| Feb 13, 2026Form 4 | Schuh Darrell W.SVP; President & GM Lochinvar | SellCommon Stock | 356 | $79.89 | $28.4K | 3.3K |
| Aug 7, 2025Form 4 | STERN JAMES FExec VP, General Counsel & Sec | SellCommon Stock | 17.4K | $71.24 | $1.24M | 98.8K |
| Jul 30, 2025Form 4 | Wheeler Kevin J.Executive Chairman | SellCommon Stock | 22.2K | $71.26 | $1.58M | 100.6K |
| Jul 29, 2025Form 4 | SMITH MARK DDirector | SellCommon Stock | 2.4K | $71.36 | $171.3K | 116.2K |