LSI Industries Inc. (LYTS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$0.36	$0.38	+5.6%	—	$234.6M	—
Q3 26	$0.21	$0.28	+33.3%	—	$150.5M	—
Q2 26	$0.22	$0.26	+18.2%	—	$147M	—
Q1 26	$0.28	$0.31	+10.7%	—	$157.2M	—
Q4 25	$0.24	$0.34	+41.7%	—	$155.1M	—
Q3 25	$0.21	$0.2	-4.8%	—	$132.5M	—
Q2 25	$0.2	$0.26	+30.0%	—	$147.7M	—
Q1 25	$0.23	$0.26	+13.0%	—	$138.1M	—
Q4 24	$0.23	$0.24	+4.3%	—	$129M	—
Q3 24	$0.16	$0.21	+31.2%	—	$108.2M	—
Q2 24	$0.18	$0.21	+16.7%	—	$109M	—
Q1 24	$0.24	$0.29	+20.8%	—	$123.4M	—
Q4 23	$0.19	$0.3	+57.9%	—	$123.6M	—
Q3 23	$0.14	$0.19	+35.7%	—	$117.5M	—
Q2 23	$0.18	$0.26	+44.4%	—	$128.8M	—
Q1 23	$0.17	$0.25	+47.1%	—	$127.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$0.69	—	—	$689.4M	—
FY25	—	$0.82	—	—	$573.4M	—
FY24	—	$0.86	—	—	$469.6M	—
FY23	—	$0.92	—	—	$497M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$331.4M	$342M	$328.9M	$305.6M	$315.6M	$455.1M	$497M	$469.6M	$573.4M	$689.4M
YoY change	+2.85%	+3.21%	-3.85%	-7.08%	+3.29%	+44.2%	+9.2%	-5.5%	+22.1%	+20.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	331.4M	342M	328.9M	305.6M	315.6M	455.1M	497M	469.6M	573.4M	689.4M
Cost of revenue	249.5M	252.8M	255.1M	232M	236.6M	345.9M	360M	336.5M	431.6M	516M
Gross profit	81.9M	89.2M	73.7M	73.5M	79M	109.2M	136.9M	133.2M	141.8M	173.4M
Gross margin	24.7%	26.1%	22.4%	24.1%	25%	24%	27.6%	28.4%	24.7%	25.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	77.3M	79.8M	72.5M	68.8M	70.9M	88M	99.9M	97.6M	105.9M	135M
Operating expenses	77.3M	79.8M	72.5M	68.8M	70.9M	88M	99.9M	97.6M	105.9M	135M
Operating income	4.6M	9.5M	1.2M	4.7M	8.1M	21.2M	37.1M	35.5M	35.8M	38.4M
Operating margin	1.39%	2.77%	0.38%	1.55%	2.55%	4.66%	7.46%	7.57%	6.25%	5.57%
Non-operating income, net	-996K	-31.1M	-21.3M	7.8M	128K	-160K	-50K	-294K	323K	-1M
Pretax income	3.1M	-23.3M	-22.3M	11.7M	7.9M	19.1M	33.3M	33.1M	33M	31.5M
Income tax	80K	-3.8M	-5.9M	2.1M	2M	4.1M	7.6M	8.1M	8.7M	8.9M
Net income	3M	-19.5M	-16.3M	9.6M	5.9M	15M	25.8M	25M	24.4M	22.6M
Net margin	0.91%	-5.71%	-4.97%	3.14%	1.86%	3.3%	5.18%	5.32%	4.25%	3.28%
EBITDA	13M	19.7M	11.4M	12.9M	16.3M	31.2M	46.7M	45.3M	48.8M	54M
EPS	0.12	-0.76	-0.63	0.37	0.22	0.55	0.92	0.86	0.82	0.69
Diluted EPS	0.12	-0.76	-0.63	0.36	0.21	0.54	0.88	0.83	0.79	0.67

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	123.4M	109M	108.2M	129M	138.1M	147.7M	132.5M	155.1M	157.2M	147M	150.5M	234.6M
Cost of revenue	86.9M	77.5M	77M	95.2M	104.4M	112.9M	99.6M	114.6M	117M	109.6M	112.3M	177.2M
Gross profit	36.6M	31.5M	31.2M	33.8M	33.6M	34.9M	32.8M	40.4M	40.3M	37.4M	38.2M	57.4M
Gross margin	29.6%	28.9%	28.8%	26.2%	24.4%	23.6%	24.8%	26.1%	25.6%	25.5%	25.4%	24.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	25.6M	23.7M	23.5M	24.8M	24.5M	26.4M	26.6M	28.4M	29.3M	28.6M	34.2M	42.9M
Operating expenses	25.6M	23.7M	23.5M	24.8M	24.5M	26.4M	26.6M	28.4M	29.3M	28.6M	34.2M	42.9M
Operating income	11M	7.8M	7.7M	9M	9.1M	8.5M	6.2M	12M	11M	8.9M	4.1M	14.5M
Operating margin	8.93%	7.18%	7.09%	6.98%	6.61%	5.73%	4.71%	7.75%	6.98%	6.03%	2.71%	6.18%
Non-operating income, net	-96K	25K	-87K	-112K	61K	-382K	22K	623K	-530K	103K	-244K	-330K
Pretax income	10.4M	7.4M	7.5M	7.9M	8.3M	7.3M	5.6M	11.8M	9.7M	8.4M	3.4M	10M
Income tax	2.3M	1.5M	2.1M	2.2M	1.6M	1.7M	1.7M	3.6M	2.4M	2M	1.3M	3.1M
Net income	8M	5.9M	5.4M	5.7M	6.7M	5.6M	3.9M	8.2M	7.3M	6.3M	2.1M	6.9M
Net margin	6.5%	5.42%	4.97%	4.39%	4.84%	3.82%	2.93%	5.27%	4.62%	4.32%	1.39%	2.93%
EBITDA	13.3M	10.2M	10M	11.7M	12.1M	11.1M	9.3M	16.2M	13.6M	12.2M	7.2M	20.9M
EPS	0.28	0.2	0.18	0.19	0.23	0.19	0.13	0.27	0.24	0.2	0.06	0.19
Diluted EPS	0.27	0.2	0.18	0.19	0.22	0.18	0.13	0.26	0.23	0.2	0.06	0.18

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	226.3M	138.1M	95.3M	170M	213.8M	168.4M	353.3M	420.3M	508.7M	873.7M	781M
Enterprise value	272.9M	180.3M	133.9M	177.9M	293.8M	256.5M	397.4M	488.2M	571.8M	1.2B	1.1B
Shares outstanding	25M	25.9M	26.1M	26.3M	26.7M	27.3M	28.1M	29M	29.9M	32.9M	32.9M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	75.4	—	—	17.7	36.4	11.2	13.7	16.8	20.9	38.7	31.5
P/S	0.68	0.4	0.29	0.56	0.68	0.37	0.71	0.9	0.89	1.27	1.14
P/B	1.41	0.99	0.79	1.35	1.63	1.14	1.99	2.06	2.2	2.42	2.1
EV/EBITDA	21.1	9.13	11.8	13.8	18	8.23	8.51	10.8	11.7	21.6	16.3
EV/Sales	0.82	0.53	0.41	0.58	0.93	0.56	0.8	1.04	1	1.69	1.53
Earnings yield	1.33%	—	—	5.64%	2.74%	8.93%	7.29%	5.94%	4.79%	2.58%	3.18%
FCF yield	6.46%	5.86%	9.31%	15.9%	12.1%	-3.55%	13.1%	9.04%	6.81%	4.46%	-0.85%
PEG	—	—	—	—	—	—	—	—	—	—	-1.06

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	24.7%	26.1%	22.4%	24.1%	25%	24%	27.6%	28.4%	24.7%	25.1%	24.5%
Operating margin	1.39%	2.77%	0.38%	1.55%	2.55%	4.66%	7.46%	7.57%	6.25%	5.57%	10.4%
Net margin	0.91%	-5.71%	-4.97%	3.14%	1.86%	3.3%	5.18%	5.32%	4.25%	3.28%	3.28%
ROE	1.87%	-14%	-13.6%	7.63%	4.47%	10.2%	14.5%	12.2%	10.6%	6.26%	7.64%
ROA	1.17%	-8.51%	-8.12%	5.57%	2.05%	4.83%	8.7%	7.16%	6.15%	2.72%	4.92%
ROIC	2.17%	5.23%	0.78%	2.92%	2.83%	7.08%	12.9%	9.85%	9%	4.22%	4.22%
Return on tangible assets	4.74%	-20%	-14.2%	10.5%	10.9%	17.7%	32.3%	29%	22%	-177.1%	-177.1%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.36	2.61	2.78	2.48	1.76	2.06	1.96	2.05	1.99	1.97	1.97
Quick ratio	1.26	1.4	1.69	1.36	0.93	1.1	1.13	1.16	1.17	1.22	1.22
Debt / equity	0.31	0.33	0.33	0.09	0.63	0.61	0.26	0.35	0.29	0.85	0.85
Debt / assets	0.19	0.2	0.2	0.07	0.29	0.29	0.16	0.21	0.17	0.37	0.37
Net debt / EBITDA	3.6	2.14	3.39	0.61	4.89	2.83	0.94	1.5	1.29	5.42	5.42
Interest coverage	5.97	-12.6	-8.78	14.4	28.6	10.7	10	16.4	11.6	6.31	6.31
Effective tax rate	2.6%	0%	0%	18%	25.9%	21.2%	22.7%	24.5%	26.2%	28.3%	28.3%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	13.3	13.2	12.6	11.6	11.8	16.7	17.7	16.2	19.2	21	21
EPS (basic)	0.12	-0.76	-0.63	0.37	0.22	0.55	0.92	0.86	0.82	0.69	0.69
EPS (diluted)	0.12	-0.76	-0.63	0.36	0.21	0.54	0.88	0.83	0.79	0.67	0.67
Book value per share	6.4	5.38	4.59	4.78	4.91	5.42	6.31	7.03	7.72	11	10.1
FCF per share	0.58	0.31	0.34	1.03	0.97	-0.22	1.65	1.31	1.16	1.19	1.03
Cash per share	0.12	0.12	0.04	0.13	0.09	0.09	0.06	0.14	0.12	0.43	0.39
Capex per share	0.14	0.07	0.1	0.66	0.08	0.08	0.11	0.18	—	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	1.07%	0.55%	0.79%	5.7%	0.71%	0.46%	0.64%	1.14%	—	—	—
Capex / operating cash flow	16.9%	-9.75%	-28.4%	48.6%	12.2%	-27.7%	8.04%	10.6%	—	—	—
Payout ratio	168.3%	-26.4%	-31.7%	55%	90.1%	35.4%	21.1%	23%	24.5%	28.6%	29.8%
Dividend yield	2.23%	3.73%	5.44%	3.1%	2.47%	3.16%	1.54%	1.36%	1.17%	0.74%	0.95%

Yield

0.95%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.05

ex-dividend Aug 31, 2026

Payout ratio

30%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.05
May 4, 2026	$0.05
Feb 2, 2026	$0.05

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$123.4M	$109M	$108.2M	$129M	$138.1M	$147.7M	$132.5M	$155.1M	$157.2M	$147M	$150.5M	$234.6M
YoY change	-2.86%	-15.4%	-7.9%	+4.34%	+11.9%	+35.5%	+22.5%	+20.2%	+13.9%	-0.5%	+13.6%	+51.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	3M	3.2M	966K	3.5M	2.3M	2.5M	1.8M	4.1M	3.5M	14.2M
Receivables	48.9M	50.6M	54.7M	37.8M	57.7M	77.8M	77.7M	78.6M	104.3M	151.2M
Inventory	50M	51M	43.5M	38.8M	58.9M	74.4M	63.7M	70.9M	79.8M	112.3M
Total current assets	107.1M	110.1M	111M	85.9M	125M	158.9M	149.9M	162.5M	194.2M	295.9M
Property, plant & equipment	11.9M	7.7M	5M	12.5M	15.7M	9.3M	7.8M	22.1M	23.8M	75.3M
Goodwill & intangibles	193.4M	131.9M	86M	80.7M	233.1M	226M	216.5M	262.6M	285.6M	842.6M
Total assets	256.7M	229.5M	201.1M	172.3M	286.8M	311.1M	296.1M	348.8M	396.4M	829.9M
Accounts payable	19.4M	17.9M	18.7M	14.2M	33M	34.8M	29.2M	32.2M	48.5M	72M
Short-term debt	—	—	—	615K	1.7M	7.6M	7.4M	9.5M	9.6M	22.3M
Total current liabilities	45.4M	42.2M	39.9M	34.6M	70.9M	77.1M	76.6M	79.2M	97.3M	149.9M
Long-term debt	49.7M	45.4M	39.5M	10.8M	80.6M	83M	38.5M	62.6M	57M	284.4M
Total liabilities	96.6M	90.3M	81.2M	46.6M	155.7M	163.3M	118.6M	144.4M	165.6M	469.2M
Shareholders' equity	160.1M	139.3M	119.9M	125.7M	131.2M	147.8M	177.6M	204.4M	230.7M	360.7M
Total debt	49.7M	45.4M	39.5M	11.4M	82.3M	90.6M	46M	72M	66.6M	306.7M
Net debt	46.7M	42.2M	38.6M	7.9M	80M	88.2M	44.1M	67.9M	63.2M	292.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	3.5M	2.7M	7.2M	4.1M	7M	4.7M	4.3M	3.5M	7.1M	6.4M	10.3M	14.2M
Receivables	82.3M	72.2M	68.7M	78.6M	80.7M	81.3M	98M	104.3M	114.8M	90.6M	135.8M	151.2M
Inventory	63.1M	60.2M	60.3M	70.9M	71.3M	69.4M	74.5M	79.8M	78.9M	82M	116.6M	112.3M
Total current assets	154.2M	141.4M	143.5M	162.5M	166.9M	163.4M	185.5M	194.2M	207.7M	187.3M	279.2M	295.9M
Property, plant & equipment	9.7M	9.6M	8.5M	22.1M	20.4M	20.3M	22.1M	23.8M	22.5M	35.5M	84.5M	75.3M
Goodwill & intangibles	214.1M	211.7M	209.3M	262.6M	259.9M	257.1M	285.6M	285.6M	281.2M	278.4M	817.3M	842.6M
Total assets	301.8M	287.5M	288M	348.8M	349.5M	344.5M	384.6M	396.4M	404.9M	396.3M	800.5M	829.9M
Accounts payable	33.6M	23.1M	26.1M	32.2M	33.8M	32.3M	43.8M	48.5M	47.3M	43.3M	68.8M	72M
Short-term debt	7.7M	7.6M	7.4M	9.5M	9.1M	9.5M	9.2M	9.6M	9.3M	7.7M	70.2M	22.3M
Total current liabilities	78M	65.6M	66.3M	79.2M	80.1M	78.5M	89.2M	97.3M	95M	87.2M	188.3M	149.9M
Long-term debt	33.6M	25.6M	19.7M	62.6M	55.5M	45.8M	65.3M	57M	58.8M	51.2M	244M	284.4M
Total liabilities	115.2M	94.6M	89.5M	144.4M	138.3M	127.4M	162.9M	165.6M	163.5M	148.2M	447.7M	469.2M
Shareholders' equity	186.5M	192.9M	198.4M	204.4M	211.2M	217.1M	221.7M	230.7M	241.3M	248.1M	352.8M	360.7M
Total debt	41.3M	33.2M	27.2M	72M	64.5M	55.3M	74.6M	66.6M	68.1M	58.8M	314.2M	306.7M
Net debt	37.7M	30.6M	20M	67.9M	57.6M	50.6M	70.3M	63.2M	60.9M	52.4M	303.8M	292.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	3M	-19.5M	-16.3M	9.6M	5.9M	15M	25.8M	25M	24.4M	22.6M
Depreciation & amortization	8.3M	10.2M	10.2M	8.7M	8.1M	10.1M	9.7M	10M	12.6M	16.6M
Stock-based compensation	3M	3M	981K	599K	2M	3.3M	3.8M	4M	4.4M	4.3M
Change in working capital	7M	-8.4M	2M	12.8M	3M	-35.9M	639K	12.5M	-7.8M	-9.6M
Operating cash flow	20.9M	-19.2M	-9.1M	35.8M	18.3M	-7.5M	39.9M	50.3M	38.1M	44.1M
Capital expenditure	-3.5M	-1.9M	-2.6M	17.4M	-2.2M	-2.1M	-3.2M	-5.4M	—	—
Investing cash flow	-98.6M	-1.9M	-2.6M	17.4M	-93M	-1.6M	-3.2M	-55.3M	-24.6M	-331.6M
Dividends paid	-5M	-5.2M	-5.2M	-5.3M	-5.3M	-5.3M	-5.4M	-5.7M	-6M	-6.5M
Share repurchases	-494K	-107K	-114K	—	—	—	—	—	—	—
Financing cash flow	44.2M	-9.8M	-11.2M	-45M	62.6M	5.6M	-51M	12.5M	-12.5M	299.2M
Net change in cash	-33.5M	-30.8M	-22.9M	8.2M	-12.1M	-3.4M	-14.4M	7.6M	1.1M	11.8M
Free cash flow	14.6M	8.1M	8.9M	27M	25.8M	-6M	46.4M	38M	34.7M	39M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	8M	5.9M	5.4M	5.7M	6.7M	5.6M	3.9M	8.2M	7.3M	6.3M	2.1M	6.9M
Depreciation & amortization	2.4M	2.4M	2.4M	2.9M	2.9M	3M	3.1M	3.6M	3.2M	3.2M	3.4M	6.7M
Stock-based compensation	1.3M	855K	974K	902K	1.1M	1.2M	1.1M	1M	1.2M	1.1M	774K	1.2M
Change in working capital	3.4M	1.2M	5.4M	1.6M	1.4M	-2.1M	-4.8M	-4.2M	-9.7M	15.8M	1.9M	-14.2M
Operating cash flow	14.5M	10.6M	13.8M	10.7M	13M	7.7M	3.1M	9.5M	676K	25M	6.9M	11.6M
Capital expenditure	-1.4M	-1.9M	-1.3M	-759K	-759K	-1M	-686K	—	—	—	—	—
Investing cash flow	-1.4M	-1.9M	-1.3M	-759K	-818K	-1M	-23.5M	-1.7M	260K	2K	-331.8M	0
Dividends paid	-1.4M	-1.4M	-1.5M	-1.5M	-1.5M	-1.5M	-1.5M	-1.5M	-1.5M	-1.6M	-1.6M	-1.8M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-8M	-8.7M	-6.8M	36.2M	-8.3M	-11.5M	15.7M	-8.4M	891K	-24.3M	231.4M	-6.9M
Net change in cash	5.1M	-38K	5.7M	46.1M	3.9M	-4.8M	-4.7M	-635K	1.8M	705K	-93.5M	4.6M
Free cash flow	9.2M	7.3M	11.2M	10.3M	11.1M	8.8M	6.2M	8.5M	-291K	23.3M	6.2M	9.8M

Date	Ratio
Nov 17, 2003	5:4
Dec 7, 2001	3:2
Aug 16, 1995	3:2
Jun 6, 1989	3:2
Sep 3, 1985	3:2

LSI Industries Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history