LCI Industries (LCII) 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 %
Q2 26	$2.56	$2.7	+5.5%	—	$968.7M	—
Q1 26	$2.17	$2.59	+19.4%	—	$1.1B	—
Q4 25	$0.71	$0.89	+25.4%	—	$932.7M	—
Q3 25	$1.44	$1.97	+36.8%	—	$1B	—
Q2 25	$2.29	$2.39	+4.4%	—	$1.1B	—
Q1 25	$1.56	$2.19	+40.4%	—	$1B	—
Q4 24	$0.29	$0.37	+27.6%	—	$803.1M	—
Q3 24	$1.36	$1.39	+2.2%	—	$915.5M	—
Q2 24	$2.16	$2.4	+11.1%	—	$1.1B	—
Q1 24	$0.52	$1.44	+176.9%	—	$968M	—
Q4 23	-$0.04	-$0.09	-125.0%	—	$837.5M	—
Q3 23	$1.37	$1.02	-25.5%	—	$959.3M	—
Q2 23	$1.24	$1.31	+5.6%	—	$1B	—
Q1 23	-$0.02	$0.29	+1550.0%	—	$973.3M	—
Q4 22	-$0.44	-$0.68	-54.5%	—	$894.3M	—
Q3 22	$2.38	$2.4	+0.8%	—	$1.1B	—

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 %
FY25	—	$7.59	—	—	$4.1B	—
FY24	—	$5.61	—	—	$3.7B	—
FY23	—	$2.54	—	—	$3.8B	—
FY22	—	$15.6	—	—	$5.2B

Total revenue

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

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.7B	$2.1B	$2.5B	$2.4B	$2.8B	$4.5B	$5.2B	$3.8B	$3.7B	$4.1B
YoY change	+19.7%	+27.9%	+15.3%	-4.21%	+17.9%	+60%	+16.4%	-27.3%	-1.15%	+10.2%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.7B	2.1B	2.5B	2.4B	2.8B	4.5B	5.2B	3.8B	3.7B	4.1B
Cost of revenue	1.2B	1.7B	2B	1.8B	2.1B	3.4B	3.9B	3B	2.9B	3.1B
Gross profit	428.9M	493.1M	520.3M	539.2M	706.1M	1B	1.3B	776.2M	879.7M	980.3M
Gross margin	25.5%	23%	21%	22.7%	25.3%	23.3%	24.5%	20.5%	23.5%	23.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	228.1M	278.8M	321.6M	339M	483.2M	644.6M	720.3M	652.8M	661.5M	495.3M
Operating expenses	228.1M	278.8M	321.6M	339M	483.2M	644.6M	720.3M	652.8M	661.5M	700.4M
Operating income	200.8M	214.3M	198.8M	200.2M	222.9M	398.4M	553M	123.4M	218.2M	279.9M
Operating margin	12%	9.98%	8.03%	8.44%	7.97%	8.91%	10.6%	3.26%	5.83%	6.79%
Non-operating income, net	—	—	—	—	—	—	—	—	—	10.9M
Pretax income	199.2M	212.8M	192.4M	191.4M	209.5M	382M	525.5M	83M	189.3M	255.1M
Income tax	69.5M	80M	43.8M	44.9M	51M	94.3M	130.5M	18.8M	46.5M	66.8M
Net income	129.7M	132.9M	148.6M	146.5M	158.4M	287.7M	395M	64.2M	142.9M	188.3M
Net margin	7.72%	6.19%	6%	6.18%	5.67%	6.43%	7.59%	1.7%	3.82%	4.57%
EBITDA	247M	269M	266.3M	275.6M	320.9M	510.7M	682.2M	255.2M	343.9M	401.2M
EPS	5.26	5.31	5.9	5.86	6.3	11.4	15.6	2.54	5.61	7.59
Diluted EPS	5.2	5.24	5.83	5.84	6.27	11.3	15.5	2.52	5.6	7.57

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	959.3M	837.5M	968M	1.1B	915.5M	803.1M	1B	1.1B	1B	932.7M	1.1B	968.7M
Cost of revenue	748.4M	676.5M	744.1M	788.1M	695.5M	633.7M	793.8M	837.2M	783.9M	726.8M	816.9M	667.5M
Gross profit	210.9M	161.1M	223.9M	266.4M	220M	169.4M	251.7M	270M	252.6M	205.9M	273.7M	301.1M
Gross margin	22%	19.2%	23.1%	25.3%	24%	21.1%	24.1%	24.4%	24.4%	22.1%	25.1%	31.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	165.4M	158.4M	166.3M	175.8M	166.1M	153.3M	170.4M	182.2M	177.2M	-34.5M	122.6M	143.8M
Operating expenses	165.4M	158.4M	166.3M	175.8M	166.1M	153.3M	170.4M	182.2M	177.2M	-34.5M	178.5M	205.2M
Operating income	45.6M	2.6M	57.6M	90.6M	53.9M	16.1M	81.3M	87.8M	75.4M	35.4M	95.2M	96M
Operating margin	4.75%	0.31%	5.95%	8.59%	5.89%	2.01%	7.78%	7.93%	7.28%	3.79%	8.73%	9.91%
Non-operating income, net	—	—	—	—	—	—	-8.1M	—	18.9M	0	—	554K
Pretax income	35.3M	-6.8M	48.3M	82.6M	47.4M	11M	67.3M	78.1M	84M	25.7M	85.2M	90.2M
Income tax	9.4M	-4.5M	11.7M	21.5M	11.8M	1.5M	17.8M	20.5M	21.5M	7M	22.3M	23.1M
Net income	25.9M	-2.4M	36.5M	61.2M	35.6M	9.5M	49.4M	57.6M	62.5M	18.7M	62.9M	67.1M
Net margin	2.7%	-0.28%	3.78%	5.8%	3.89%	1.19%	4.73%	5.21%	6.03%	2%	5.77%	6.93%
EBITDA	78.9M	35.6M	90.3M	122.6M	85.2M	45.8M	110.9M	118.1M	105.9M	66.2M	125M	126.8M
EPS	1.02	-0.09	1.44	2.4	1.4	0.37	1.94	2.29	2.56	0.77	2.6	2.76
Diluted EPS	1.02	-0.09	1.44	2.4	1.39	0.37	1.94	2.29	2.55	0.77	2.53	2.75

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.7B	3.3B	1.7B	2.7B	3.3B	3.9B	2.3B	3.2B	2.6B	3B	2.1B
Enterprise value	2.6B	3.3B	2B	3.4B	4.1B	5.4B	3.7B	4.2B	3.5B	4B	3B
Shares outstanding	24.6M	25M	25.2M	25M	25.1M	25.3M	25.4M	25.3M	25.4M	24.8M	24.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	20.5	24.5	11.3	18.3	20.6	13.7	5.94	49.6	18.4	16	9.79
P/S	1.58	1.51	0.68	1.13	1.17	0.88	0.45	0.84	0.7	0.73	0.51
P/B	4.82	4.98	2.38	3.34	3.59	3.6	1.7	2.35	1.9	2.21	1.44
EV/EBITDA	10.6	12.2	7.36	12.2	12.6	10.5	5.39	16.5	10.1	10	6.81
EV/Sales	1.56	1.53	0.79	1.42	1.45	1.2	0.71	1.12	0.93	0.98	0.74
Earnings yield	4.89%	4.09%	8.83%	5.47%	4.86%	7.31%	16.8%	2.02%	5.43%	6.25%	10.2%
FCF yield	5.92%	2.01%	2.19%	7.89%	5.34%	-5.34%	20.1%	14.6%	12.5%	9.25%	12.7%
PEG	—	—	—	—	—	—	—	—	—	—	0.48

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	25.5%	23%	21%	22.7%	25.3%	23.3%	24.5%	20.5%	23.5%	23.8%	31.1%
Operating margin	12%	9.98%	8.03%	8.44%	7.97%	8.91%	10.6%	3.26%	5.83%	6.79%	0.54%
Net margin	7.72%	6.19%	6%	6.18%	5.67%	6.43%	7.59%	1.7%	3.82%	4.57%	5.24%
ROE	23.6%	20.4%	21%	18.3%	17.4%	26.3%	28.6%	4.74%	10.3%	13.8%	15%
ROA	16.5%	14%	11.9%	7.87%	6.89%	8.75%	12.2%	2.17%	4.94%	5.93%	6.13%
ROIC	25.4%	19.8%	15.6%	10.2%	9.9%	12%	15.3%	3.99%	7.43%	8.7%	9.47%
Return on tangible assets	33.9%	30.4%	28%	30.7%	29%	24.8%	35.7%	7.27%	15.2%	16.7%	16.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.46	2.29	2.97	2.47	2.09	2.5	3.3	2.83	2.82	2.85	2.49
Quick ratio	1.2	0.78	1.05	1.02	0.9	0.75	0.86	0.88	1.03	1.14	1.2
Debt / equity	0.09	0.08	0.42	0.91	0.93	1.35	1	0.82	0.72	0.91	0.8
Debt / assets	0.06	0.05	0.24	0.39	0.37	0.45	0.42	0.37	0.34	0.39	0.35
Net debt / EBITDA	-0.15	0.09	1.05	2.53	2.48	2.77	1.95	4.08	2.41	2.52	2.19
Interest coverage	119.7	149.1	30.9	22.8	16.6	24.3	20.1	3.05	7.55	8.14	8.86
Effective tax rate	34.9%	37.6%	22.8%	23.5%	24.4%	24.7%	24.8%	22.7%	24.5%	26.2%	25.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	68.2	85.8	98.3	94.9	111.3	177.1	205.2	149.6	147	166.2	165.8
EPS (basic)	5.26	5.31	5.9	5.86	6.3	11.4	15.6	2.54	5.61	7.59	7.59
EPS (diluted)	5.2	5.24	5.83	5.84	6.27	11.3	15.5	2.52	5.6	7.57	8.63
Book value per share	22.3	26.1	28.1	32	36.1	43.3	54.4	53.5	54.5	54.9	58.9
FCF per share	6.37	2.62	1.46	8.45	6.93	-8.32	18.6	18.4	12.9	11.2	11.8
Cash per share	3.5	1.04	0.59	1.41	2.06	2.49	1.87	2.61	6.51	8.98	8.91
Capex per share	0.03	0.02	—	—	—	—	—	—	—	2.12	2.43

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.04%	0.02%	—	—	—	—	—	—	—	1.28%	1.47%
Capex / operating cash flow	0.37%	0.31%	—	—	—	—	—	—	—	15.9%	17.1%
Payout ratio	26.6%	38.4%	39.9%	43.6%	44.4%	30.3%	26%	165.6%	76.6%	60.6%	53.3%
Dividend yield	1.3%	1.57%	3.52%	2.38%	2.16%	2.21%	4.38%	3.34%	4.16%	3.79%	5.38%

Yield

5.38%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.15

ex-dividend Aug 21, 2026

Payout ratio

53%

of earnings

Dividend growth

9 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Aug 21, 2026	$1.15
May 29, 2026	$1.15
Mar 13, 2026	$1.15
Nov 28, 2025	$1.15
Aug 29, 2025	$1.15
May 30, 2025	$1.15

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$959.3M	$837.5M	$968M	$1.1B	$915.5M	$803.1M	$1B	$1.1B	$1B	$932.7M	$1.1B	$968.7M
YoY change	-15.3%	-6.35%	-0.54%	+3.93%	-4.57%	-4.11%	+8.01%	+5%	+13.2%	+16.1%	+4.3%	-12.5%

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	86.2M	26M	14.9M	35.4M	51.8M	62.9M	47.5M	66.2M	165.8M	222.6M
Receivables	57.4M	82.2M	121.8M	200M	268.6M	319.8M	214.3M	214.7M	199.6M	243.4M
Inventory	188.7M	274.7M	340.6M	393.6M	493.9M	1.1B	1B	768.4M	736.6M	809.1M
Total current assets	367.4M	417.1M	526.7M	670.8M	869.8M	1.6B	1.4B	1.1B	1.2B	1.3B
Property, plant & equipment	65.9M	110.4M	163.1M	279.3M	294.1M	378.2M	506.6M	466.4M	409.8M	451.7M
Goodwill & intangibles	404.3M	508.6M	713M	1.4B	1.8B	2.1B	2.1B	2.1B	2B	2B
Total assets	786.9M	945.9M	1.2B	1.9B	2.3B	3.3B	3.2B	3B	2.9B	3.2B
Accounts payable	50.6M	79.2M	78.4M	99.3M	184.9M	282.2M	143.5M	183.7M	187.7M	202.3M
Short-term debt	—	—	596K	39.6M	43.3M	101.6M	58.5M	36.9M	39.1M	47.9M
Total current liabilities	149.4M	182M	177.6M	271.3M	416.4M	627.2M	421.3M	395M	412.1M	473.4M
Long-term debt	49.9M	49.9M	293.5M	692.8M	803.1M	1.4B	1.3B	1.1B	956.8M	1.2B
Total liabilities	236.6M	293.1M	537.6M	1.1B	1.4B	2.2B	1.9B	1.6B	1.5B	1.8B
Shareholders' equity	550.3M	652.7M	706.3M	800.7M	908.3M	1.1B	1.4B	1.4B	1.4B	1.4B
Total debt	49.9M	49.9M	294.1M	732.3M	846.4M	1.5B	1.4B	1.1B	995.9M	1.2B
Net debt	-36.2M	23.9M	279.2M	697M	794.6M	1.4B	1.3B	1B	830.1M	1B

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	31.2M	66.2M	22.6M	130.4M	161.2M	165.8M	231.2M	191.9M	199.7M	222.6M	142.2M	216.5M
Receivables	338.8M	214.7M	344.4M	333.1M	319.2M	199.6M	357.1M	386.1M	363.9M	243.4M	376.1M	383M
Inventory	791.9M	768.4M	734.4M	687.9M	705.4M	736.6M	717.4M	710.3M	741.3M	809.1M	834.5M	769M
Total current assets	1.2B	1.1B	1.2B	1.2B	1.2B	1.2B	1.4B	1.4B	1.4B	1.3B	1.4B	1.5B
Property, plant & equipment	706.3M	466.4M	696.5M	687.8M	676.6M	409.8M	650.9M	672.9M	666.3M	451.7M	691.8M	690M
Goodwill & intangibles	2.1B	2.1B	2B	2B	2B	2B	2B	2.1B	2.1B	2B	2B	2B
Total assets	3B	3B	3B	3B	3B	2.9B	3.1B	3.2B	3.2B	3.2B	3.2B	3.3B
Accounts payable	198.9M	183.7M	193.9M	202.6M	193.6M	187.7M	220.8M	228.1M	220.7M	202.3M	211.5M	208.9M
Short-term debt	35.2M	36.9M	37.9M	39.2M	39.3M	39.1M	41.2M	43.1M	43.9M	47.9M	48.6M	48.9M
Total current liabilities	414M	395M	409M	432.5M	432M	412.1M	461.3M	484.3M	492.2M	473.4M	488M	597.3M
Long-term debt	1.1B	1.1B	1.1B	1B	1B	956.8M	1.1B	1.2B	1.2B	1.2B	1.2B	1.1B
Total liabilities	1.7B	1.6B	1.6B	1.6B	1.6B	1.5B	1.7B	1.8B	1.8B	1.8B	1.8B	1.8B
Shareholders' equity	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B	1.4B
Total debt	1.2B	1.1B	1.1B	1.1B	1.1B	995.9M	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B
Net debt	1.1B	1B	1.1B	952.4M	908.3M	830.1M	944.3M	1B	999.8M	1B	1.1B	929.7M

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	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	129.7M	132.9M	148.6M	146.5M	158.4M	287.7M	395M	64.2M	142.9M	188.3M
Depreciation & amortization	46.2M	54.7M	67.5M	75.4M	98M	112.3M	129.2M	131.8M	125.7M	121.2M
Stock-based compensation	15.4M	20M	14.1M	16.1M	18.5M	27.2M	23.7M	18.2M	18.7M	22.7M
Change in working capital	-3M	-70.6M	-63.4M	20.1M	-64.2M	-506.7M	72M	275.7M	63.3M	-56.1M
Operating cash flow	187.2M	148.3M	180.6M	260M	211.4M	-75.3M	614.1M	499.7M	350.6M	331M
Capital expenditure	698K	467K	—	—	—	—	—	—	—	-52.6M
Investing cash flow	-46.3M	-58.2M	-183M	-445.6M	-175M	-182.7M	-111.1M	-21.5M	-18.8M	-169.7M
Dividends paid	-34.4M	-51.1M	-59.3M	-63.8M	-70.4M	-87.2M	-102.7M	-106.3M	-109.5M	-114M
Share repurchases	0	0	-28.7M	0	0	0	-24.1M	0	0	-128.6M
Financing cash flow	-117.6M	-66.9M	-1B	-373.9M	-416.3M	-925.1M	-1.6B	-891M	-251.6M	-147.8M
Net change in cash	23.4M	23.1M	-1B	-559.6M	-379.9M	-1.2B	-1.1B	-412.9M	80.3M	13.4M
Free cash flow	157M	65.5M	36.8M	211.3M	174.1M	-210.1M	471.9M	465M	328M	278.3M

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	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	25.9M	-2.4M	36.5M	61.2M	35.6M	9.5M	49.4M	57.6M	62.5M	18.7M	62.9M	67.1M
Depreciation & amortization	33.3M	33M	32.7M	32M	31.3M	29.7M	29.5M	30.3M	30.5M	30.9M	29.8M	30.9M
Stock-based compensation	4.9M	4.2M	4.3M	5M	4.7M	4.7M	4.9M	6M	5.9M	5.8M	5.3M	7M
Change in working capital	12.7M	96.6M	-86.1M	82.5M	-9M	75.9M	-80.5M	8.5M	-16.2M	32.1M	-150.4M	57.3M
Operating cash flow	79.2M	136.6M	-11.5M	181.8M	65.2M	122.1M	5.6M	112.2M	97.2M	78.9M	-33.5M	203.7M
Capital expenditure	—	—	—	—	—	—	—	-12.7M	-16.3M	-14.6M	-9.7M	-18.8M
Investing cash flow	-60K	28K	173K	-19.6M	229K	411K	-33M	-81.3M	-21M	-25.4M	-9.6M	-15.7M
Dividends paid	-26.6M	-26.6M	-26.7M	-26.7M	-26.7M	-29.3M	-29.4M	-29M	-27.8M	-27.8M	-27.9M	-28M
Share repurchases	—	—	—	—	—	—	-28.3M	-38.1M	-62.2M	0	0	0
Financing cash flow	-326.6M	-143M	-26.4M	-52.6M	-38.1M	-91M	71.7M	-70.9M	-91.7M	-29.2M	-28.9M	-121.2M
Net change in cash	-247.4M	-6.4M	-37.7M	109.6M	27.4M	31.5M	44.3M	-40M	-15.5M	24.2M	-72M	66.8M
Free cash flow	99.7M	125.8M	-16.3M	180.2M	68.3M	95.7M	33.7M	99.5M	80.9M	64.3M	-43.1M	184.9M

Date	Ratio
Sep 8, 2005	2:1
Mar 24, 1997	2:1
May 3, 1989	1:10

LCI Industries 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