Financials · LCII

LCI Industries (LCII) financials

For the twelve months ended Sep 30, 2026, LCI Industries reported $3.98B of revenue and $198.86M of net income.

Revenue, TTM
$3.98B
Revenue growth, YoY
-0.2%
Net income, TTM
$198.86M
Net income growth, YoY
+11.0%
Net margin
5.0%
Free cash flow, TTM
$259.70M
EPS, diluted, TTM
$8.12
EPS growth, YoY
+13.6%
Cash
$245.62M
Total debt
$852.39M
P/E
12.36
P/S
0.62
Market cap
$2.46B
Annual revenue$4.12B
FY2016FY2025
Annual net income$188.25M
FY2016FY2025
Annual free cash flow$278.33M
FY2016FY2025

LCII revenue and earnings growth

LCII revenueQ3 2026$992.48M

Quarter YoY
-4.2%
QoQ
+2.5%
FY YoY
+10.2%
5Y CAGR
+8.1%

LCII revenue was $992.48M in fiscal Q3 2026 (ended Sep 30, 2026), down 4.2% from a year earlier and up 2.5% from the prior quarter. For the full fiscal 2025 it was $4.12B, up 10.2% from fiscal 2024. Compound annual growth was +8.1% over 5 years. It rose in 6 of the last 9 fiscal years.

LCII net incomeQ3 2026$50.09M

Quarter YoY
-19.9%
QoQ
-25.4%
FY YoY
+31.8%
5Y CAGR
+3.5%
10Y CAGR
+9.7%

LCII net income was $50.09M in fiscal Q3 2026 (ended Sep 30, 2026), down 19.9% from a year earlier and down 25.4% from the prior quarter. For the full fiscal 2025 it was $188.25M, up 31.8% from fiscal 2024. Compound annual growth was +3.5% over 5 years and +9.7% over 10 years. It rose in 8 of the last 10 fiscal years.

LCII EPSQ3 2026$2.05

Quarter YoY
-19.6%
QoQ
-25.5%
FY YoY
+35.2%
5Y CAGR
+3.8%
10Y CAGR
+9.6%

LCII diluted EPS was $2.05 in fiscal Q3 2026 (ended Sep 30, 2026), down 19.6% from a year earlier and down 25.5% from the prior quarter. For the full fiscal 2025 it was $7.57, up 35.2% from fiscal 2024. Compound annual growth was +3.8% over 5 years and +9.6% over 10 years.

LCII free cash flowQ3 2026$53.61M

Quarter YoY
-33.7%
QoQ
-71.0%
FY YoY
-15.1%
5Y CAGR
+9.8%
10Y CAGR
+15.5%

LCII free cash flow was $53.61M in fiscal Q3 2026 (ended Sep 30, 2026), down 33.7% from a year earlier and down 71.0% from the prior quarter. For the full fiscal 2025 it was $278.33M, down 15.1% from fiscal 2024. Compound annual growth was +9.8% over 5 years and +15.5% over 10 years. It rose in 0 of the last 3 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$4.12B$3.74B$3.78B$5.21B$4.47B$2.80B$2.37B$2.48B$2.15B$1.68B
Cost of revenue$3.14B$2.86B$3.01B$3.93B$3.43B$2.09B$1.83B$1.96B$1.65B$1.25B
Gross profit$980.29M$879.72M$776.19M$1.27B$1.04B$706.09M$539.20M$520.34M$493.11M$428.90M
Selling, general and admin$495.31M$465.00M$453.33M$720.26M$644.63M$483.16M$338.99M$321.56M$278.83M$228.05M
Operating income$279.92M$218.24M$123.43M$553.03M$398.41M$222.93M$200.21M$198.79M$214.28M$200.85M
Interest expense$35.71M$28.90M$40.42M$27.57M$16.37M-----
Pre-tax income$255.07M$189.34M$83.00M$525.46M$382.04M$209.48M$191.41M$192.35M$212.84M$199.17M
Income tax$66.82M$46.47M$18.81M$130.48M$94.31M$51.04M$44.91M$43.80M$79.96M$69.50M
Net income$188.25M$142.87M$64.19M$394.97M$287.74M$158.44M$146.51M$148.55M$132.88M$129.67M
EPS, basic$7.59$5.61$2.54$15.57$11.39$6.30$5.86$5.90$5.31$5.26
EPS, diluted$7.57$5.60$2.52$15.48$11.32$6.27$5.84$5.83$5.24$5.20
Diluted shares24.9M25.5M25.4M25.5M25.4M25.3M25.1M25.5M25.4M24.9M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$222.62M$165.76M$66.16M$47.50M$62.90M$51.82M$35.36M$14.93M$26.05M$86.17M
Receivables$243.43M$199.56M$214.71M$214.26M$319.78M$268.63M$199.98M$121.81M$82.16M$57.37M
Inventory$809.09M$736.60M$768.41M$1.03B$1.10B$493.90M$393.61M$340.62M$274.75M$188.74M
Current assets$1.35B$1.16B$1.12B$1.39B$1.57B$869.80M$670.79M$526.65M$417.08M$367.39M
Goodwill$622.18M$585.77M$589.55M$567.06M$543.18M$454.73M$351.11M$180.17M$124.18M$89.20M
Total assets$3.18B$2.89B$2.96B$3.25B$3.29B$2.30B$1.86B$1.24B$945.86M$786.90M
Current liabilities$473.37M$412.05M$394.99M$421.30M$627.22M$416.39M$271.26M$177.58M$182.01M$149.35M
Short-term debt$3.68M$423.0K$589.0K$23.09M$71.00M$17.83M$17.88M$596.0K$0-
Long-term debt$941.50M$756.83M$846.83M$1.10B$1.23B$720.42M$612.91M$293.53M$49.92M$49.95M
Total debt$945.18M$757.25M$847.42M$1.12B$1.30B$738.25M$630.79M$294.12M$49.92M$49.95M
Total liabilities$1.82B$1.51B$1.60B$1.87B$2.20B$1.39B$1.06B$537.64M$293.11M$236.63M
Shareholders' equity$1.36B$1.39B$1.36B$1.38B$1.09B$908.33M$800.67M$706.25M$652.75M$550.27M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$330.98M$370.28M$527.23M$602.51M-$111.57M$231.40M$269.52M$156.61M$152.70M$201.67M
Capital expenditures$52.64M$42.33M$62.21M$130.64M$98.53M$57.35M$58.20M$119.83M$87.22M$44.67M
Free cash flow$278.33M$327.95M$465.02M$471.87M-$210.11M$174.05M$211.32M$36.78M$65.48M$157.00M
Investing cash flow-$147.07M-$61.10M-$83.75M-$241.79M-$281.22M-$232.30M-$503.83M-$302.80M-$145.88M-$91.71M
Financing cash flow-$125.49M-$208.22M-$426.18M-$374.87M$404.56M$14.05M$254.97M$135.07M-$66.95M-$36.09M
Dividends paid$114.04M$109.47M$106.34M$102.73M$87.17M$70.40M$63.81M$59.27M$51.06M$34.44M
Share repurchases$128.57M$0$0$24.05M$0$0$0$28.70M$0$0
Stock-based compensation$22.69M$18.65M$18.23M$23.70M$27.16M$18.50M$16.08M$14.06M$20.04M$15.42M
Depreciation and amortization$121.23M$125.69M$131.77M$129.21M$112.32M$97.98M$75.36M$67.53M$54.73M$46.17M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY10.2%-1.2%-27.3%16.4%60.0%17.9%-4.2%15.3%27.9%-
Net income growth, YoY31.8%122.6%-83.7%37.3%81.6%8.1%-1.4%11.8%2.5%74.4%
EPS growth, YoY35.2%122.2%-83.7%36.7%80.5%7.4%0.2%11.3%0.8%72.2%
Gross margin23.8%23.5%20.5%24.5%23.3%25.3%22.7%21.0%23.0%25.5%
Operating margin6.8%5.8%3.3%10.6%8.9%8.0%8.4%8.0%10.0%12.0%
Net margin4.6%3.8%1.7%7.6%6.4%5.7%6.2%6.0%6.2%7.7%
Free cash flow margin6.8%8.8%12.3%9.1%-4.7%6.2%8.9%1.5%3.0%9.4%
Return on equity13.8%10.3%4.7%28.6%26.3%17.4%18.3%21.0%20.4%23.6%
Return on assets5.9%4.9%2.2%12.2%8.8%6.9%7.9%11.9%14.0%16.5%
Current ratio2.852.822.833.302.502.092.472.972.292.46
Debt to equity0.690.550.630.811.190.810.790.420.080.09

Source: XBRL data LCI Industries files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LCII peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LCII$3.98B-0.2%$198.86M5.0%$2.46B
TT$23.23B+10.3%$3.16B13.6%$92.06B
MGA$42.01B-1.9%$829.00M2.0%$16.12B
BWA$14.24B+0.4%$478.00M3.4%$10.33B
ALSN$5.24B+70.8%$583.00M11.1%$10.19B
ALV$11.07B+4.3%$624.00M5.6%$8.95B
APTV$16.71B+4.1%$769.00M4.6%$8.08B
MOD$3.63B+35.1%$130.20M3.6%$5.65B
LEA$23.79B+3.5%$584.40M2.5%$5.34B

LCII FAQ

9 questions
  • What is LCII revenue?
    LCI Industries (LCII) reported $3.98B of revenue for the twelve months ended Sep 30, 2026. That is down 0.2% from the year before. Revenue for fiscal 2025 was $4.12B.
  • Is LCII profitable?
    Yes. LCI Industries earned $198.86M in net income for the twelve months ended Sep 30, 2026, a net margin of 5.0%.
  • How much cash and debt does LCII have?
    LCI Industries reported $245.62M in cash and cash equivalents and $852.39M of debt on its most recent balance sheet in SEC filings.
  • How fast is LCII revenue growing?
    LCI Industries's revenue changed +10.2% in fiscal 2025, to $4.12B. Its compound annual growth rate was +8.1% over 5 years.
  • What is LCII gross margin?
    LCI Industries's gross profit was $1.04B on $3.98B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 26.2%.
  • What is LCII free cash flow?
    LCI Industries generated $259.70M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $316.15M less capital expenditures.
  • What is LCII earnings per share?
    Diluted earnings per share were $8.12 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did LCII last report financial results?
    The latest statements here come from LCI Industries's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this LCII financial data come from?
    Quantisnow builds these statements from the structured XBRL data LCI Industries files with the SEC. It is provided for information only and is not investment advice.