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LCI Industries

LCII NYSE Automotive Parts & Equipment Financials FY2016–FY2025

LCI Industries' revenue rose 10.2% to $4.1 billion in fiscal 2025. Its operating margin was 6.8%, up from 5.8% a year earlier. Free cash flow was $278 million, down 15.1%. It paid out $243 million in dividends and buybacks, 87% of free cash flow. The diluted share count fell 2.6%.

Last close · Oct 23, 2026

$84.87

2.0%
Value it Compare
Revenue Total sales reported in the income statement.
$4.1B
10.2% vs prior year
Operating margin Operating income as a share of revenue.
6.8%
1.0 pts
Net income Profit after all expenses, interest and tax.
$188M
31.7%
Free cash flow Cash from operations minus capital spending.
$278M
15.1%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
10.2%
2.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$2.1B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
9.8x
On $8.62 EPS (TTM)

What LCI Industries does

No business description yet.

Legal name
LCI INDUSTRIES
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000763744-26-000011
0000763744

Revenue and margins

LCI Industries had $4.1B of revenue in fiscal 2025, up 10.2% 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 2016 to 2025, diluted EPS grew 4.3% 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 $278M in fiscal 2025, 6.8% 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

LCI Industries returned $243M to shareholders in fiscal 2025, 87% of free cash flow. The diluted share count fell 2.6%.

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

Value LCI Industries 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 −$723M and divides by 24.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 9.8x · peers 13.2x · sector 17.9x.

Balance sheet

Cash, debt and the ratios that show how comfortably LCI Industries can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $62.9M$47.5M$66.2M$166M$223M
Debt incl. finance leases $1.3B$1.1B$847M$757M$945M
Net debt / EBITDA 2.4x1.6x3.1x1.7x1.8x
Debt / equity 1.2x0.8x0.6x0.6x0.7x
Interest coverage 24.3x20.1x3.1x7.6x7.8x
Current ratio 2.5x3.3x2.8x2.8x2.9x
Quick ratio 0.8x0.9x0.9x1.0x1.1x
Total assets $3.3B$3.2B$3.0B$2.9B$3.2B
Total liabilities $2.2B$1.9B$1.6B$1.5B$1.8B
Shareholders' equity $1.1B$1.4B$1.4B$1.4B$1.4B
Net debt (− = net cash) $1.2B$1.1B$781M$592M$723M

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

$0.0M

0 insiders

Sold, 12 months

$13.1M

3 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Feb 24, 2026 Jason LippertPresident , CEO, Director Sold 10,000 $142.76 $1.4M Form 4
Feb 23, 2026 Jamie SchnurGroup President - Aftermarket Sold 10,000 $144.66 $1.4M Form 4
Feb 23, 2026 Jason LippertPresident , CEO, Director Sold 30,000 $145.03 $4.4M Form 4
Feb 20, 2026 Jamie SchnurGroup President - Aftermarket Sold 10,000 $147.65 $1.5M Form 4
Feb 20, 2026 Jason LippertPresident , CEO, Director Sold 10,000 $148.01 $1.5M Form 4
Feb 20, 2026 Ryan Richard SmithGroup President - N.A. Sold 20,000 $147.81 $3.0M Form 4

Piotroski F-score

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

TestFY23FY24FY25
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 5 / 97 / 98 / 9
Accruals ratio −14.9%−7.8%−4.7%
Altman Z'' 4.064.534.50

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
LCI Industries LCII $2.1B 10.2% 6.8% 6.8% 10.2% 9.8x 8
Patrick Industries PATK $2.3B 6.3% 7.0% 6.2% 8.6% 16.4x 6 Compare →
Visteon VC $2.0B −2.5% — — 19.3% 13.2x 7 Compare →
Dauch DCH $1.1B −4.7% 1.9% 2.7% 1.7% — 4 Compare →
Gentex GNTX $4.3B 9.6% 18.7% 18.1% 17.4% 10.9x 6 Compare →

10 years of figures

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

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.7B $2.1B $2.5B $2.4B $2.8B $4.5B $5.2B $3.8B $3.7B $4.1B
Gross profit $429M $493M $520M $539M $706M $1.0B $1.3B $776M $880M $980M
Operating income $201M $214M $199M $200M $223M $398M $553M $123M $218M $280M
Interest expense $2.0M $1.6M $5.6M $9.1M $16.9M $16.4M $27.6M $40.4M $28.9M $35.7M
Pretax income $199M $213M $192M $191M $210M $382M $526M $83.0M $189M $255M
Income tax $69.5M $80.0M $43.8M $44.9M $51.0M $94.3M $131M $18.8M $46.5M $66.8M
Net income $130M $133M $149M $147M $158M $288M $395M $64.2M $143M $188M
Diluted EPS $5.20 $5.24 $5.83 $5.84 $6.27 $11.32 $15.48 $2.52 $5.60 $7.57
Diluted shares 0.02B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.02B
Cash flow
Cash from operations $202M $153M $157M $270M $231M −$112M $603M $527M $370M $331M
Capital expenditure $44.7M $87.2M $120M $58.2M $57.3M $98.5M $131M $62.2M $42.3M $52.6M
Free cash flow $157M $65.5M $36.8M $211M $174M −$210M $472M $465M $328M $278M
Depreciation and amortization $46.2M $54.7M $67.5M $75.4M $98.0M $112M $129M $132M $126M $121M
Stock-based compensation $15.4M $20.0M $14.1M $16.1M $18.5M $27.2M $23.7M $18.2M $18.7M $22.7M
Acquisitions $48.7M $60.6M $185M $448M $182M $194M $109M $25.9M $20.0M $113M
Share buybacks $0.0M $0.0M $28.7M $0.0M $0.0M $0.0M $24.1M $0.0M $0.0M $129M
Dividends paid $34.4M $51.1M $59.3M $63.8M $70.4M $87.2M $103M $106M $110M $114M
Dividends and buybacks $34.4M $51.1M $88.0M $63.8M $70.4M $87.2M $127M $106M $109M $243M
Balance sheet
Cash and short-term investments $86.2M $26.0M $14.9M $35.4M $51.8M $62.9M $47.5M $66.2M $166M $223M
Total debt $49.9M $49.9M $294M $631M $738M $1.3B $1.1B $847M $757M $945M
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 $367M $417M $527M $671M $870M $1.6B $1.4B $1.1B $1.2B $1.3B
Current liabilities $149M $182M $178M $271M $416M $627M $421M $395M $412M $473M
Inventory $189M $275M $341M $394M $494M $1.1B $1.0B $768M $737M $809M
Property and equipment, net $173M $229M $323M $366M $387M $427M $482M $466M $433M $428M
Total assets $787M $946M $1.2B $1.9B $2.3B $3.3B $3.2B $3.0B $2.9B $3.2B
Total liabilities $237M $293M $538M $1.1B $1.4B $2.2B $1.9B $1.6B $1.5B $1.8B
Shareholders' equity $550M $653M $706M $801M $908M $1.1B $1.4B $1.4B $1.4B $1.4B
Margins
Gross margin 25.6% 23.0% 21.0% 22.7% 25.3% 23.3% 24.5% 20.5% 23.5% 23.8%
Operating margin 12.0% 10.0% 8.0% 8.4% 8.0% 8.9% 10.6% 3.3% 5.8% 6.8%
EBITDA margin 14.7% 12.5% 10.8% 11.6% 11.5% 11.4% 13.1% 6.7% 9.2% 9.7%
Net margin 7.7% 6.2% 6.0% 6.2% 5.7% 6.4% 7.6% 1.7% 3.8% 4.6%
FCF margin 9.4% 3.1% 1.5% 8.9% 6.2% −4.7% 9.1% 12.3% 8.8% 6.8%
Returns
Return on capital 26.4% 22.5% 18.5% 12.9% 11.3% 15.3% 17.4% 4.2% 8.0% 10.2%
Return on capital employed 34.6% 30.6% 21.7% 15.1% 12.8% 17.5% 20.2% 4.6% 8.7% 10.8%
Return on equity 26.2% 22.1% 21.9% 19.4% 18.5% 28.8% 31.9% 4.7% 10.4% 13.7%
Return on assets 18.4% 15.3% 13.6% 9.4% 7.6% 10.3% 12.1% 2.1% 4.9% 6.2%
Growth
Revenue growth 19.7% 27.9% 15.3% −4.2% 17.9% 60.0% 16.4% −27.3% −1.2% 10.2%
Net income growth 74.4% 2.5% 11.8% −1.4% 8.1% 81.6% 37.3% −83.8% 122.6% 31.8%
EPS growth 72.2% 0.8% 11.3% 0.2% 7.4% 80.5% 36.8% −83.7% 122.2% 35.2%
FCF growth 137.8% −58.3% −43.8% 474.5% −17.6% −220.7% — −1.5% −29.5% −15.1%
Share count change 1.2% 1.8% 0.4% −1.5% 0.7% 0.7% 0.3% −0.3% 0.3% −2.6%
Financial health
Net debt / EBITDA −0.2x 0.1x 1.1x 2.2x 2.1x 2.4x 1.6x 3.1x 1.7x 1.8x
Debt / equity 0.1x 0.1x 0.4x 0.8x 0.8x 1.2x 0.8x 0.6x 0.6x 0.7x
Interest coverage 100.8x 129.9x 35.2x 21.9x 13.2x 24.3x 20.1x 3.1x 7.6x 7.8x
Current ratio 2.5x 2.3x 3.0x 2.5x 2.1x 2.5x 3.3x 2.8x 2.8x 2.9x
Quick ratio 1.2x 0.8x 1.1x 1.0x 0.9x 0.8x 0.9x 0.9x 1.0x 1.1x
Capital allocation
Capex / revenue 2.7% 4.1% 4.8% 2.5% 2.1% 2.2% 2.5% 1.6% 1.1% 1.3%
Stock comp / revenue 0.9% 0.9% 0.6% 0.7% 0.7% 0.6% 0.5% 0.5% 0.5% 0.6%
Payouts / FCF 21.9% 78.0% 239.2% 30.2% 40.5% — 26.9% 22.9% 33.4% 87.2%
Quality scores
Piotroski F-score 7.0 5.0 4.0 5.0 5.0 4.0 6.0 5.0 7.0 8.0
Altman Z'' 7.6 7.1 5.8 4.1 3.7 4.1 5.1 4.1 4.5 4.5
Accruals ratio −10.2% −2.3% −0.7% −7.9% −3.5% 14.3% −6.4% −14.9% −7.8% −4.7%

Source: SEC EDGAR XBRL filings (CIK 0000763744). Data updated October 19, 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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