LNNNYSEFarm Machinery & EquipmentFiscal year ends August 31
LINDSAY CORP
Financials through Q3 FY2026, quarter ended May 31, 2026Last filing: 10-Q on Jul 2, 2026
$106.49−0.87 (-0.81%)
Close on Oct 19, 2026
- Market cap
- $1.10B
- P/E (TTM)
- 20.4
- Dividend yield
- 1.36%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
31.2%−1.0 pts over 5 years
Operating margin
13.0%+1.6 pts over 5 years
Net margin
10.9%+2.8 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 | +11.4% | -4.3% | +7.3% | +1.9% | |
| Gross profit | +10.3% | +1.9% | +6.7% | +3.0% | |
| Operating income | +15.0% | -2.4% | +10.2% | +5.7% | |
| Net income | +11.8% | +4.2% | +13.9% | +10.9% | |
| EPS, diluted | +12.8% | +4.5% | +13.8% | +11.8% | |
| Free cash flow | +35.4% | – | +29.7% | +10.3% | |
| Dividend per share | +2.8% | +2.9% | +2.8% | +2.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 7.5% | 13.6% | 14.6% | |
| Return on assets | 4.0% | 7.2% | 9.3% | |
| Current ratio | 3.15 | 3.40 | 3.71 | |
| Debt to equity | 0.47 | 0.39 | 0.22 | |
| Net debt to EBITDA | 0.31× | -0.08× | -1.24× | |
| Interest coverage | 7.2× | 11.4× | 48.1× | |
| Inventory turnover | 4.9× | 3.3× | 3.2× | |
| Capex to revenue | 2.2% | 4.5% | 6.3% | |
| Diluted shares | 11M | 11M | 11M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Lindsay generated $395.39M from operations and spent $241.40M on capital expenditure, dividends and share buybacks. 55% of that went back into the business.
Generated
$395.39M
Used
$241.40M
Capital expenditure$132.36M55%Dividends$75.06M31%Share buybacks$33.99M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin10.9%
×Asset turnover0.84×
×Equity multiplier1.58×
=Return on equity, FY202514.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 10.9% | 0.84× | 1.58× | 14.6% |
| FY2024 | 10.9% | 0.81× | 1.61× | 14.1% |
| FY2023 | 10.7% | 0.93× | 1.72× | 17.1% |
| FY2022 | 8.5% | 1.14× | 1.84× | 17.9% |
| FY2021 | 7.5% | 0.94× | 1.90× | 13.4% |
| FY2020 | 8.1% | 0.89× | 1.89× | 13.6% |
| FY2019 | 0.5% | 0.89× | 1.83× | 0.8% |
| FY2018 | 3.7% | 1.09× | 1.84× | 7.4% |
| FY2017 | 4.5% | 1.04× | 1.90× | 8.9% |
| FY2016 | 3.9% | 1.02× | 1.87× | 7.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$74.05M
- Cash generatingOperating cash flow above zero$132.91M
- Return on assets improvedROA up on the prior year8.9% → 9.7%
- Earnings backed by cashOperating cash flow above net income$132.91M vs $74.05M
- Less leverageLong-term debt to assets fell15.1% → 13.7%
- Better liquidityCurrent ratio rose3.92 → 3.71
- No dilutionShare count did not rise11M → 11M
- Gross margin improvedGross margin up on the prior year31.47% → 31.16%
- More efficientAsset turnover rose0.81 → 0.89