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Lindsay

LNN NYSE Agricultural & Farm Machinery Financials FY2017–FY2026

Lindsay's revenue fell 6.0% to $636 million in fiscal 2026. Its operating margin was 10.5%, down from 13.0% a year earlier. Free cash flow was $35 million, down 61.6%. It paid out $96 million in dividends and buybacks, 277% of free cash flow. The diluted share count fell 4.4%.

Last close · Oct 23, 2026

$105.64

5.7%
Value it Compare
Revenue Total sales reported in the income statement.
$636M
6.0% vs prior year
Operating margin Operating income as a share of revenue.
10.5%
2.5 pts
Net income Profit after all expenses, interest and tax.
$55.7M
24.8%
Free cash flow Cash from operations minus capital spending.
$34.8M
61.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
11.9%
5.2 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$1.1B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
19.8x

About these figures. Interest coverage for fiscal 2026 is blank: the 10-K's structured data has no interest expense for that year.

What Lindsay does

No business description yet.

Legal name
Lindsay Corporation
Fiscal year ends
August 31, 2026
Latest annual report
—
Accession · CIK
0001193125-26-428926
0000836157

Revenue and margins

Lindsay had $636M of revenue in fiscal 2026, down 6.0% 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 10.5% 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 $34.8M in fiscal 2026, 5.5% 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

Lindsay returned $96.1M to shareholders in fiscal 2026, 277% of free cash flow. The diluted share count fell 4.4%.

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

Value Lindsay 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 $74.8M and divides by 10.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 19.8x · peers 32.0x · sector 20.6x.

Balance sheet

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

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $117M$166M$191M$251M$190M
Debt incl. finance leases $116M$116M$116M$115M$115M
Net debt / EBITDA −0.0x−0.4x−0.8x−1.2x−0.8x
Debt / equity 0.3x0.3x0.2x0.2x0.2x
Interest coverage 22.2x27.0x23.7x48.1x—
Current ratio 3.0x3.6x3.9x3.7x3.2x
Quick ratio 1.8x2.4x2.7x2.8x2.3x
Total assets $711M$746M$760M$841M$815M
Total liabilities $317M$290M$279M$308M$309M
Shareholders' equity $393M$456M$481M$533M$506M
Net debt (− = net cash) −$0.6M−$50.6M−$75.4M−$135M−$74.8M

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

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

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 6 / 97 / 95 / 9
Accruals ratio −3.9%−7.4%−2.3%
Altman Z'' 8.608.458.00

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
Lindsay LNN $1.1B −6.0% 10.5% 5.5% 11.9% 19.8x 5
Toro TTC $10.1B −1.6% 9.1% 12.8% 15.9% 28.1x 6 Compare →
AGCO AGCO $7.6B −13.6% 5.9% 7.3% 10.4% 14.7x 8 Compare →
CNH Industrial CNH $14.3B −8.8% — — 4.6% 46.0x — Compare →
Deere DE $174.9B −11.7% — 13.4% — 35.9x — Compare →

10 years of figures

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

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $518M $548M $444M $475M $568M $771M $674M $607M $676M $636M
Gross profit $145M $152M $115M $153M $150M $199M $213M $191M $211M $184M
Research and development $17.1M $16.0M $13.9M $13.9M $13.4M $15.1M $18.2M $17.1M $17.9M $17.0M
Operating income $40.6M $39.0M $6.1M $54.2M $54.1M $94.6M $102M $76.6M $88.1M $66.9M
Interest expense $4.8M $4.7M $4.8M $4.8M $4.8M $4.3M $3.8M $3.2M $1.8M —
Pretax income $35.7M $33.9M $2.1M $48.8M $50.4M $87.9M $100M $79.0M $94.6M $75.3M
Income tax $12.5M $13.6M −$0.1M $10.2M $7.8M $22.4M $28.0M $12.8M $20.5M $19.7M
Net income $23.2M $20.3M $2.2M $38.6M $42.6M $65.5M $72.4M $66.3M $74.1M $55.7M
Diluted EPS $2.17 $1.88 $0.20 $3.56 $3.88 $5.94 $6.54 $6.01 $6.78 $5.33
Diluted shares 0.01B 0.01B 0.01B 0.01B 0.01B 0.01B 0.01B 0.01B 0.01B 0.01B
Cash flow
Cash from operations $39.4M $33.9M $3.8M $46.0M $44.0M $3.0M $120M $95.8M $133M $74.9M
Capital expenditure $8.9M $11.1M $23.2M $21.4M $26.5M $15.6M $18.8M $29.0M $42.5M $40.2M
Free cash flow $30.6M $22.9M −$19.4M $24.6M $17.5M −$12.6M $101M $66.8M $90.4M $34.8M
Depreciation and amortization $16.7M $16.5M $14.0M $19.4M $19.2M $20.2M $19.3M $21.2M $20.9M $23.1M
Stock-based compensation $3.6M $3.9M $4.2M $5.6M $6.2M $5.5M $6.5M $6.4M $8.1M $5.6M
Acquisitions $0.0M $0.0M $0.0M $3.0M $0.0M $0.0M $30.8M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $22.5M $11.5M $80.7M
Dividends paid $12.5M $13.0M $13.4M $13.6M $14.2M $14.6M $15.1M $15.5M $15.7M $15.4M
Dividends and buybacks $12.5M $13.0M $13.4M $13.6M $14.2M $14.6M $15.1M $37.9M $27.3M $96.1M
Balance sheet
Cash and short-term investments $122M $161M $127M $141M $147M $117M $166M $191M $251M $190M
Total debt $117M $117M $117M $116M $116M $116M $116M $116M $115M $115M
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 $293M $331M $314M $348M $416M $477M $488M $493M $533M $472M
Current liabilities $92.0M $80.1M $82.1M $102M $138M $161M $136M $126M $144M $150M
Inventory $86.2M $79.2M $92.3M $105M $145M $194M $156M $155M $137M $135M
Property and equipment, net $74.5M $57.2M $69.0M $79.6M $92.0M $94.5M $99.7M $113M $142M $171M
Total assets $506M $500M $500M $571M $637M $711M $746M $760M $841M $815M
Total liabilities $236M $223M $232M $272M $299M $317M $290M $279M $308M $309M
Shareholders' equity $270M $277M $268M $299M $338M $393M $456M $481M $533M $506M
Margins
Gross margin 28.0% 27.7% 25.8% 32.1% 26.5% 25.8% 31.6% 31.5% 31.2% 28.9%
Operating margin 7.9% 7.1% 1.4% 11.4% 9.5% 12.3% 15.2% 12.6% 13.0% 10.5%
EBITDA margin 11.1% 10.1% 4.5% 15.5% 12.9% 14.9% 18.0% 16.1% 16.1% 14.2%
Net margin 4.5% 3.7% 0.5% 8.1% 7.5% 8.5% 10.7% 10.9% 11.0% 8.8%
FCF margin 5.9% 4.2% −4.4% 5.2% 3.1% −1.6% 15.0% 11.0% 13.4% 5.5%
Returns
Return on capital 9.9% 9.4% 2.5% 16.1% 15.7% 20.1% 18.5% 15.8% 17.2% 11.9%
Return on capital employed 10.0% 9.4% 1.5% 12.2% 11.2% 18.1% 17.6% 12.3% 13.2% 9.8%
Return on equity 8.9% 7.4% 0.8% 13.6% 13.4% 17.9% 17.1% 14.2% 14.6% 10.7%
Return on assets 4.7% 4.0% 0.4% 7.2% 7.1% 9.7% 9.9% 8.8% 9.3% 6.7%
Growth
Revenue growth 0.3% 5.7% −18.9% 6.9% 19.6% 35.8% −12.5% −9.9% 11.4% −6.0%
Net income growth 14.4% −12.5% −89.3% 1,678.5% 10.2% 53.8% 10.6% −8.5% 11.8% −24.9%
EPS growth 17.3% −13.4% −89.4% 1,680.0% 9.0% 53.1% 10.1% −8.1% 12.8% −21.4%
FCF growth 41.4% −25.2% −184.9% — −29.0% −171.9% — −33.8% 35.4% −61.6%
Share count change −2.2% 0.7% 0.4% 0.5% 1.1% 0.4% 0.3% −0.4% −0.9% −4.4%
Financial health
Net debt / EBITDA −0.1x −0.8x −0.5x −0.3x −0.4x −0.0x −0.4x −0.8x −1.2x −0.8x
Debt / equity 0.4x 0.4x 0.4x 0.4x 0.3x 0.3x 0.3x 0.2x 0.2x 0.2x
Interest coverage 8.6x 8.3x 1.3x 11.4x 11.4x 22.2x 27.0x 23.7x 48.1x —
Current ratio 3.2x 4.1x 3.8x 3.4x 3.0x 3.0x 3.6x 3.9x 3.7x 3.2x
Quick ratio 2.3x 3.1x 2.7x 2.4x 2.0x 1.8x 2.4x 2.7x 2.8x 2.3x
Capital allocation
Capex / revenue 1.7% 2.0% 5.2% 4.5% 4.7% 2.0% 2.8% 4.8% 6.3% 6.3%
Stock comp / revenue 0.7% 0.7% 0.9% 1.2% 1.1% 0.7% 1.0% 1.1% 1.2% 0.9%
Payouts / FCF 40.8% 56.8% — 55.5% 81.2% — 14.9% 56.8% 30.2% 276.7%
Quality scores
Piotroski F-score 7.0 6.0 3.0 7.0 5.0 5.0 6.0 6.0 7.0 5.0
Altman Z'' 7.4 8.3 7.4 7.5 7.3 7.8 8.4 8.6 8.5 8.0
Accruals ratio −3.3% −2.7% −0.3% −1.4% −0.2% 9.3% −6.5% −3.9% −7.4% −2.3%

Source: SEC EDGAR XBRL filings (CIK 0000836157). Data updated October 22, 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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