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Acuity Brands

AYI NYSE Electrical Components & Equipment Financials FY2017–FY2026

Acuity Brands' revenue rose 6.8% to $4.6 billion in fiscal 2026. Its operating margin was 15.4%, up from 13.0% a year earlier. Free cash flow was $748 million, up 40.3%. It paid out $311 million in dividends and buybacks, 42% of free cash flow. The diluted share count fell 1.6%.

Last close · Oct 23, 2026

$318.72

0.5%
Value it Compare
Revenue Total sales reported in the income statement.
$4.6B
6.8% vs prior year
Operating margin Operating income as a share of revenue.
15.4%
2.4 pts
Net income Profit after all expenses, interest and tax.
$531M
34.0%
Free cash flow Cash from operations minus capital spending.
$748M
40.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
17.9%
0.8 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$9.9B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
18.7x

What Acuity Brands does

No business description yet.

Legal name
ACUITY INC
Fiscal year ends
August 31, 2026
Latest annual report
—
Accession · CIK
0001144215-26-000052
0001144215

Revenue and margins

Acuity Brands had $4.6B of revenue in fiscal 2026, up 6.8% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 9.7% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $748M in fiscal 2026, 16.1% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Acuity Brands returned $311M to shareholders in fiscal 2026, 42% of free cash flow. The diluted share count fell 1.6%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Acuity Brands yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$61.1M and divides by 31.2M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 18.7x · peers 32.4x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Acuity Brands can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $223M$398M$846M$423M$636M
Debt incl. finance leases $513M$496M$496M$897M$697M
Net debt / EBITDA 0.5x0.2x−0.5x0.7x0.1x
Debt / equity 0.3x0.3x0.2x0.3x0.2x
Interest coverage 18.9x17.0x21.9x13.3x19.9x
Current ratio 2.0x2.3x2.7x2.0x1.7x
Quick ratio 1.3x1.7x2.2x1.3x1.3x
Total assets $3.5B$3.4B$3.8B$4.8B$4.9B
Total liabilities $1.6B$1.4B$1.4B$2.0B$1.9B
Shareholders' equity $1.9B$2.0B$2.4B$2.7B$3.0B
Net debt (− = net cash) $290M$97.7M−$350M$474M$61.1M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.4M

2 insiders

Sold, 12 months

$4.9M

2 insiders

Of sales under plans

58%

$2.8M

DateInsiderTradeSharesPriceValueFiling
Oct 16, 2026 Laura O'ShaughnessyDirector Bought 73 $302.32 $0.0M Form 4
Sep 1, 2026 Karen J HolcomSVP & Chief Financial Officer Sold plan 2,000 $329.62 $0.7M Form 4
Jul 2, 2026 Barry R GoldmanSVP & General Counsel Sold 1,200 $365.65 $0.4M Form 4
Jun 1, 2026 Karen J HolcomSVP & Chief Financial Officer Sold plan 2,076 $303.14 $0.6M Form 4
Apr 30, 2026 Maya LeibmanDirector Bought 200 $288.83 $0.1M Form 4
Apr 8, 2026 Laura O'ShaughnessyDirector Bought 1,000 $282.98 $0.3M Form 4
Jan 28, 2026 Karen J HolcomSVP & Chief Financial Officer Sold plan 4,974 $309.23 $1.5M Form 4
Oct 28, 2025 Barry R GoldmanSVP & General Counsel Sold 4,489 $365.11 $1.6M Form 4
Oct 24, 2025 Barry R GoldmanSVP & General Counsel Sold 4,687 $368.01 $1.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✓
Current ratio rose ✓ ✕ ✕
Share count didn't rise ✓ ✕ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✕ ✓ ✕
F-score 8 / 95 / 97 / 9
Accruals ratio −5.4%−4.8%−6.1%
Altman Z'' 8.096.266.86

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Acuity Brands AYI $9.9B 6.8% 15.4% 16.1% 17.9% 18.7x 7
nVent Electric NVT $20.6B 29.5% 15.8% 9.6% 9.3% 34.4x 6 Compare →
EnerSys ENS $6.2B 3.7% 11.4% 12.5% 13.7% 17.8x 5 Compare →
Sensata Technologies ST $5.9B −5.8% 6.4% 13.2% 2.2% 67.3x 6 Compare →
Regal Rexnord RRX $9.9B −1.7% 11.5% 15.1% 4.8% 30.5x 8 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $3.5B $3.7B $3.7B $3.3B $3.5B $4.0B $4.0B $3.8B $4.3B $4.6B
Gross profit $1.5B $1.5B $1.5B $1.4B $1.5B $1.7B $1.7B $1.8B $2.1B $2.4B
Research and development $52.0M $63.9M $74.7M $82.0M $88.3M $95.1M $97.1M $102M $140M $166M
Operating income $528M $461M $463M $354M $428M $510M $473M $553M $564M $714M
Interest expense $34.1M $35.5M $36.4M $26.4M $24.2M $27.0M $27.9M $25.3M $42.5M $35.9M
Pretax income $493M $426M $425M $325M $396M $494M $447M $549M $500M $681M
Income tax $171M $76.3M $94.5M $76.4M $89.9M $110M $101M $126M $104M $149M
Net income $322M $350M $330M $248M $306M $384M $346M $423M $397M $531M
Diluted EPS $7.43 $8.52 $8.29 $6.27 $8.38 $11.08 $10.76 $13.44 $12.53 $17.05
Diluted shares 0.04B 0.04B 0.04B 0.04B 0.04B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $337M $352M $495M $505M $409M $316M $578M $619M $601M $826M
Capital expenditure $67.3M $43.6M $53.0M $54.9M $43.8M $56.5M $66.7M $64.0M $68.4M $77.7M
Free cash flow $269M $308M $442M $450M $365M $260M $511M $555M $533M $748M
Depreciation and amortization $74.6M $80.3M $88.3M $101M $100M $94.8M $93.2M $91.1M $133M $156M
Stock-based compensation $32.0M $32.3M $29.2M $38.2M $32.5M $37.4M $42.0M $46.6M $45.1M $49.5M
Acquisitions $0.0M $163M $2.9M $303M $75.3M $12.9M $35.5M $0.0M $1.2B $0.0M
Share buybacks $358M $298M $81.6M $69.3M $435M $515M $267M $88.7M $119M $287M
Dividends paid $22.7M $21.4M $20.8M $20.8M $19.1M $18.1M $16.8M $18.2M $20.6M $23.8M
Dividends and buybacks $381M $320M $102M $90.1M $454M $533M $283M $107M $139M $311M
Balance sheet
Cash and short-term investments $311M $129M $461M $561M $491M $223M $398M $846M $423M $636M
Total debt $357M $357M $357M $401M $494M $513M $496M $496M $897M $697M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.2B $1.2B $1.4B $1.4B $1.5B $1.5B $1.4B $1.9B $1.7B $1.9B
Current liabilities $601M $683M $596M $618M $692M $734M $595M $688M $846M $1.1B
Inventory $329M $412M $341M $320M $399M $486M $369M $388M $527M $450M
Property and equipment, net $288M $287M $277M $271M $269M $277M $298M $304M $343M $357M
Total assets $2.9B $3.0B $3.2B $3.5B $3.6B $3.5B $3.4B $3.8B $4.8B $4.9B
Total liabilities $1.2B $1.3B $1.3B $1.4B $1.5B $1.6B $1.4B $1.4B $2.0B $1.9B
Shareholders' equity $1.7B $1.7B $1.9B $2.1B $2.0B $1.9B $2.0B $2.4B $2.7B $3.0B
Margins
Gross margin 42.3% 40.4% 40.3% 42.2% 42.6% 41.8% 43.4% 46.4% 47.8% 50.6%
Operating margin 15.1% 12.5% 12.6% 10.6% 12.4% 12.7% 12.0% 14.4% 13.0% 15.4%
EBITDA margin 17.2% 14.7% 15.0% 13.7% 15.3% 15.1% 14.3% 16.8% 16.0% 18.7%
Net margin 9.2% 9.5% 9.0% 7.5% 8.9% 9.6% 8.8% 11.0% 9.1% 11.5%
FCF margin 7.7% 8.4% 12.0% 13.5% 10.5% 6.5% 12.9% 14.5% 12.3% 16.1%
Returns
Return on capital 20.8% 20.7% 19.2% 14.3% 16.5% 18.7% 17.0% 20.6% 17.1% 17.9%
Return on capital employed 23.1% 20.0% 19.0% 13.0% 14.9% 18.1% 17.0% 18.6% 16.0% 18.6%
Return on equity 19.4% 20.7% 18.2% 12.3% 14.7% 19.4% 17.6% 19.2% 15.5% 18.6%
Return on assets 11.0% 11.9% 10.7% 7.5% 8.7% 10.9% 10.1% 11.7% 9.3% 11.0%
Growth
Revenue growth 6.5% 5.0% −0.2% −9.4% 4.1% 15.8% −1.4% −2.8% 13.1% 6.8%
Net income growth 10.6% 8.7% −5.5% −24.9% 23.4% 25.4% −9.9% 22.1% −6.2% 34.0%
EPS growth 12.1% 14.7% −2.7% −24.4% 33.7% 32.2% −2.9% 24.9% −6.8% 36.1%
FCF growth −11.5% 14.3% 43.5% 1.9% −18.9% −28.8% 96.8% 8.6% −4.0% 40.3%
Share count change −1.1% −5.3% −2.9% −0.5% −7.7% −5.2% −7.2% −2.2% 0.6% −1.6%
Financial health
Net debt / EBITDA 0.1x 0.4x −0.2x −0.4x 0.0x 0.5x 0.2x −0.5x 0.7x 0.1x
Debt / equity 0.2x 0.2x 0.2x 0.2x 0.2x 0.3x 0.3x 0.2x 0.3x 0.2x
Interest coverage 15.5x 13.0x 12.7x 13.4x 17.7x 18.9x 17.0x 21.9x 13.3x 19.9x
Current ratio 2.1x 1.8x 2.4x 2.3x 2.2x 2.0x 2.3x 2.7x 2.0x 1.7x
Quick ratio 1.5x 1.2x 1.9x 1.8x 1.7x 1.3x 1.7x 2.2x 1.3x 1.3x
Capital allocation
Capex / revenue 1.9% 1.2% 1.4% 1.7% 1.3% 1.4% 1.7% 1.7% 1.6% 1.7%
Stock comp / revenue 0.9% 0.9% 0.8% 1.2% 0.9% 0.9% 1.1% 1.2% 1.0% 1.1%
Payouts / FCF 141.3% 103.9% 23.2% 20.0% 124.4% 205.1% 55.4% 19.3% 26.1% 41.6%
Quality scores
Piotroski F-score 6.0 7.0 6.0 5.0 6.0 5.0 8.0 8.0 5.0 7.0
Altman Z'' 6.0 5.8 6.7 6.2 6.3 6.6 7.3 8.1 6.3 6.9
Accruals ratio −0.5% −0.1% −5.3% −7.7% −2.9% 1.9% −6.7% −5.4% −4.8% −6.1%

Source: SEC EDGAR XBRL filings (CIK 0001144215). Data updated October 23, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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