LCIINYSEMotor Vehicle Parts & AccessoriesFiscal year ends December 31
LCI INDUSTRIES
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$81.92−1.97 (-2.35%)
Close on Oct 19, 2026
- Market cap
- $2.00B
- P/E (TTM)
- 9.5
- Dividend yield
- 5.62%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
23.8%−1.5 pts over 5 years
Operating margin
6.8%−1.2 pts over 5 years
Net margin
4.6%−1.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.2% | -7.5% | +8.1% | +11.4% | |
| Gross profit | +11.4% | -8.3% | +6.8% | +12.3% | |
| Operating income | +28.3% | -20.3% | +4.7% | +9.2% | |
| Net income | +31.8% | -21.9% | +3.5% | +9.7% | |
| EPS, diluted | +35.2% | -21.2% | +3.8% | +9.6% | |
| Free cash flow | -15.1% | -16.1% | +9.8% | +15.5% | |
| Dividend per share | +7.0% | +4.3% | +10.4% | +8.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 26.2% | 18.5% | 13.7% | |
| Return on assets | 18.4% | 7.6% | 6.2% | |
| Current ratio | 2.46 | 2.09 | 2.85 | |
| Debt to equity | 0.09 | 0.81 | 0.69 | |
| Net debt to EBITDA | -0.15× | 2.14× | 1.80× | |
| Interest coverage | – | – | 7.8× | |
| Inventory turnover | 7.0× | 4.7× | 4.1× | |
| Capex to revenue | 2.7% | 2.1% | 1.3% | |
| Diluted shares | 25M | 25M | 25M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lci Industries generated $1.94B from operations and spent $1.06B on capital expenditure, dividends and share buybacks. 36% of that went back into the business.
Generated
$1.94B
Used
$1.06B
Capital expenditure$386.36M36%Dividends$519.75M49%Share buybacks$152.63M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.6%
×Asset turnover1.36×
×Equity multiplier2.21×
=Return on equity, FY202513.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.6% | 1.36× | 2.21× | 13.7% |
| FY2024 | 3.8% | 1.28× | 2.14× | 10.4% |
| FY2023 | 1.7% | 1.22× | 2.27× | 4.7% |
| FY2022 | 7.6% | 1.59× | 2.64× | 31.9% |
| FY2021 | 6.4% | 1.60× | 2.79× | 28.8% |
| FY2020 | 5.7% | 1.34× | 2.43× | 18.5% |
| FY2019 | 6.2% | 1.53× | 2.06× | 19.4% |
| FY2018 | 6.0% | 2.26× | 1.61× | 21.9% |
| FY2017 | 6.2% | 2.48× | 1.44× | 22.1% |
| FY2016 | 7.7% | 2.38× | 1.43× | 26.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$188.25M
- Cash generatingOperating cash flow above zero$330.98M
- Return on assets improvedROA up on the prior year4.8% → 6.5%
- Earnings backed by cashOperating cash flow above net income$330.98M vs $188.25M
- Less leverageLong-term debt to assets fell26.1% → 29.6%
- Better liquidityCurrent ratio rose2.82 → 2.85
- No dilutionShare count did not rise26M → 25M
- Gross margin improvedGross margin up on the prior year23.51% → 23.78%
- More efficientAsset turnover rose1.26 → 1.42