NASDAQ : LYTS
LSI Industries Inc. — Financial statements
Technology · Electronic Components · United States
Last price 20.67 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 747.81M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
LSI Industries Inc. (LYTS) reported revenue of 689.40M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 689.40M | 689.40M | 573.38M | 469.64M | 496.98M | 455.12M |
| Cost of Revenue | 516.03M | 516.03M | 431.60M | 336.47M | 360.00M | 345.91M |
| Gross Profit | 173.37M | 173.37M | 141.78M | 133.17M | 136.98M | 109.21M |
| Selling, General & Admin | 121.96M | 121.96M | 101.66M | 93.15M | 96.48M | 83.92M |
| Research & Development | 3.10M | 3.10M | 3.30M | 3.50M | 3.40M | 3.60M |
| Operating Expenses | 125.06M | 125.06M | 104.96M | 96.65M | 99.88M | 87.52M |
| Operating Income | 48.30M | 48.30M | 36.82M | 36.52M | 37.09M | 21.69M |
| Interest Expense | -5.93M | -5.93M | -3.13M | -2.16M | -3.69M | -1.97M |
| Currency Exchange Gain (Loss) | -1.00M | -1.00M | 398.00K | -262.00K | -15.00K | -148.00K |
| EBT Excluding Unusual Items | 41.37M | 41.37M | 34.09M | 34.10M | 33.39M | 19.57M |
| Merger & Restructuring Charges | -9.90M | -9.90M | -1.05M | -1.00M | -66.00K | -485.00K |
| Pretax Income | 31.47M | 31.47M | 33.04M | 33.10M | 33.33M | 19.09M |
| Income Tax Expense | 8.89M | 8.89M | 8.65M | 8.12M | 7.56M | 4.05M |
| Net Income | 22.58M | 22.58M | 24.38M | 24.98M | 25.76M | 15.03M |
| Net Income to Common | 22.58M | 22.58M | 24.38M | 24.98M | 25.76M | 15.03M |
| Shares Outstanding (Basic) | 32.87M | 32.87M | 29.90M | 29.05M | 28.13M | 27.29M |
| Shares Outstanding (Diluted) | 33.71M | 33.71M | 30.83M | 30.07M | 29.32M | 27.99M |
| EPS (Basic) | 0.69 | 0.69 | 0.82 | 0.86 | 0.92 | 0.55 |
| EPS (Diluted) | 0.67 | 0.67 | 0.79 | 0.83 | 0.88 | 0.54 |
| Free Cash Flow | 39.01M | 39.01M | 34.65M | 38.00M | 46.38M | -5.99M |
| Free Cash Flow Per Share | 1.16 | 1.16 | 1.12 | 1.26 | 1.58 | -0.21 |
| Dividend Per Share | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Gross Margin | 25.15% | 25.15% | 24.73% | 28.36% | 27.56% | 24.00% |
| Operating Margin | 7.01% | 7.01% | 6.42% | 7.78% | 7.46% | 4.76% |
| Profit Margin | 3.28% | 3.28% | 4.25% | 5.32% | 5.18% | 3.30% |
| Free Cash Flow Margin | 5.66% | 5.66% | 6.04% | 8.09% | 9.33% | -1.31% |
| EBITDA | 64.87M | 64.87M | 49.39M | 46.52M | 46.76M | 31.80M |
| EBITDA Margin | 9.41% | 9.41% | 8.61% | 9.90% | 9.41% | 6.99% |
| D&A For EBITDA | 16.57M | 16.57M | 12.57M | 10.00M | 9.66M | 10.12M |
| EBIT | 48.30M | 48.30M | 36.82M | 36.52M | 37.09M | 21.69M |
| EBIT Margin | 7.01% | 7.01% | 6.42% | 7.78% | 7.46% | 4.76% |
| Effective Tax Rate | 28.26% | 28.26% | 26.20% | 24.54% | 22.70% | 21.24% |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 14.25M | 14.25M | 3.46M | 4.11M | 1.83M | 2.46M |
| Cash & Short-Term Investments | 14.25M | 14.25M | 3.46M | 4.11M | 1.83M | 2.46M |
| Accounts Receivable | 151.23M | 151.23M | 104.35M | 78.63M | 77.68M | 77.75M |
| Other Receivables | 6.33M | 6.33M | 3.20M | 3.12M | 1.04M | |
| Receivables | 157.56M | 157.56M | 104.35M | 81.82M | 80.80M | 78.79M |
| Inventory | 112.29M | 112.29M | 79.82M | 70.91M | 63.72M | 74.42M |
| Other Current Assets | 11.78M | 11.78M | 6.54M | 5.65M | 3.53M | 3.24M |
| Total Current Assets | 295.88M | 295.88M | 194.17M | 162.50M | 149.88M | 158.92M |
| Property, Plant & Equipment | 106.20M | 106.20M | 48.34M | 48.87M | 34.35M | 35.82M |
| Goodwill | 172.12M | 172.12M | 64.55M | 57.40M | 45.03M | 45.03M |
| Other Intangible Assets | 249.18M | 249.18M | 78.26M | 73.92M | 63.20M | 67.96M |
| Long-Term Deferred Tax Assets | 7.30M | 4.92M | ||||
| Other Long-Term Assets | 6.47M | 6.47M | 3.75M | 1.20M | 3.69M | 3.35M |
| Total Assets | 829.86M | 829.86M | 396.36M | 348.80M | 296.15M | 311.08M |
| Accounts Payable | 72.00M | 72.00M | 48.53M | 32.19M | 29.21M | 34.78M |
| Accrued Expenses | 39.54M | 39.54M | 25.79M | 22.46M | 28.01M | 23.70M |
| Current Portion of Long-Term Debt | 10.00M | 10.00M | 3.57M | 3.57M | 3.57M | 3.57M |
| Current Portion of Leases | 12.33M | 12.33M | 6.04M | 5.88M | 3.85M | 4.01M |
| Current Income Taxes Payable | 2.28M | 2.28M | 1.85M | 109.00K | ||
| Current Unearned Revenue | 6.43M | 6.43M | 4.07M | 8.47M | 5.42M | 6.42M |
| Other Current Liabilities | 7.33M | 7.33M | 7.50M | 6.62M | 6.50M | 4.49M |
| Total Current Liabilities | 149.92M | 149.92M | 97.35M | 79.21M | 76.56M | 77.08M |
| Long-Term Debt | 245.93M | 245.93M | 44.99M | 50.66M | 31.63M | 76.03M |
| Long-Term Leases | 38.46M | 38.46M | 12.05M | 11.90M | 6.91M | 7.02M |
| Long-Term Deferred Tax Liabilities | 27.00M | 27.00M | 3.21M | |||
| Other Long-Term Liabilities | 7.87M | 7.87M | 8.05M | 2.68M | 3.47M | 3.18M |
| Total Liabilities | 469.19M | 469.19M | 165.64M | 144.44M | 118.57M | 163.31M |
| Common Stock | 277.86M | 277.86M | 163.69M | 156.37M | 148.69M | 139.50M |
| Retained Earnings | 82.32M | 82.32M | 66.20M | 47.79M | 28.55M | 8.22M |
| Treasury Stock | -11.24M | -11.24M | -10.01M | -8.89M | -7.17M | -5.93M |
| Comprehensive Income & Other | 11.74M | 11.74M | 10.84M | 9.10M | 7.50M | 5.97M |
| Shareholders' Equity | 360.68M | 360.68M | 230.72M | 204.35M | 177.58M | 147.77M |
| Total Liabilities & Equity | 829.86M | 829.86M | 396.36M | 348.80M | 296.15M | 311.08M |
| Total Debt | 306.73M | 306.73M | 66.64M | 72.02M | 45.96M | 90.63M |
| Net Cash (Debt) | -292.48M | -292.48M | -63.18M | -67.91M | -44.14M | -88.17M |
| Net Cash Per Share | -8.68 | -8.68 | -2.05 | -2.26 | -1.51 | -3.15 |
| Filing Date Shares Outstanding | 36.18M | 36.18M | 29.46M | 28.71M | 28.55M | 26.88M |
| Total Common Shares Outstanding | 35.89M | 35.89M | 29.00M | 28.19M | 28.45M | 26.66M |
| Working Capital | 145.97M | 145.97M | 96.82M | 83.29M | 73.31M | 81.83M |
| Book Value Per Share | 10.05 | 10.05 | 7.96 | 7.25 | 6.24 | 5.54 |
| Tangible Book Value | -60.63M | -60.63M | 87.92M | 73.04M | 69.34M | 34.77M |
| Tangible Book Value Per Share | -1.69 | -1.69 | 3.03 | 2.59 | 2.44 | 1.30 |
| Land | 4.01M | 4.01M | 4.03M | 4.01M | 4.01M | 4.01M |
| Buildings | 30.87M | 30.87M | 24.57M | 24.76M | 24.56M | 24.50M |
| Machinery | 100.13M | 100.13M | 77.86M | 74.16M | 67.42M | 66.75M |
| Construction In Progress | 2.09M | 2.09M | 989.00K | 1.61M | 1.23M | 618.00K |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 22.58M | 22.58M | 24.38M | 24.98M | 25.76M | 15.03M |
| Depreciation & Amortization | 16.57M | 16.57M | 12.57M | 10.00M | 9.66M | 10.12M |
| Loss (Gain) From Sale of Assets | 102.00K | 102.00K | 204.00K | 306.00K | 59.00K | 65.00K |
| Stock-Based Compensation | 6.53M | 6.53M | 6.78M | 6.33M | 6.22M | 7.20M |
| Provision & Write-off of Bad Debts | -7.00K | -7.00K | 231.00K | 57.00K | -19.00K | 246.00K |
| Other Operating Activities | 5.26M | 5.26M | -1.83M | -2.87M | 2.08M | 1.77M |
| Change in Accounts Receivable | -10.40M | -10.40M | -22.10M | 10.38M | 88.00K | -20.31M |
| Change in Inventory | -2.42M | -2.42M | -5.25M | 6.31M | 8.21M | -17.59M |
| Change in Accounts Payable | 6.61M | 6.61M | 16.31M | -4.12M | -5.58M | 1.78M |
| Change in Income Taxes | -3.36M | -3.36M | 3.20M | -77.00K | -2.08M | 235.00K |
| Change in Other Net Operating Assets | 2.70M | 2.70M | 3.63M | -7.92M | 5.18M | -2.41M |
| Operating Cash Flow | 44.15M | 44.15M | 38.12M | 43.39M | 49.59M | -3.86M |
| Capital Expenditures | -5.14M | -5.14M | -3.46M | -5.39M | -3.21M | -2.12M |
| Sale of Property, Plant & Equipment | 146.00K | 146.00K | 50.00K | 35.00K | 5.00K | 49.00K |
| Cash Acquisitions | -331.58M | -331.58M | -24.55M | -49.90M | 500.00K | |
| Investing Cash Flow | -336.58M | -336.58M | -27.97M | -55.25M | -3.20M | -1.57M |
| Long-Term Debt Issued | 1.48B | 1.48B | 194.12M | 158.91M | 153.91M | 173.07M |
| Long-Term Debt Repaid | -1.28B | -1.28B | -200.13M | -140.21M | -198.59M | -161.90M |
| Net Debt Issued (Repaid) | 207.37M | 207.37M | -6.01M | 18.70M | -44.68M | 11.18M |
| Issuance of Common Stock | 102.47M | 102.47M | 1.06M | 1.79M | 3.86M | 26.00K |
| Repurchase of Common Stock | -509.00K | -447.00K | -896.00K | -250.00K | ||
| Common Dividends Paid | -6.46M | -6.46M | -5.97M | -5.74M | -5.44M | -5.32M |
| Other Financing Activities | 178.00K | 178.00K | ||||
| Financing Cash Flow | 303.56M | 303.56M | -11.43M | 14.31M | -47.15M | 5.63M |
| Foreign Exchange Rate Adjustments | -331.00K | -331.00K | 627.00K | -165.00K | 130.00K | -17.00K |
| Net Cash Flow | 10.79M | 10.79M | -653.00K | 2.28M | -634.00K | 180.00K |
| Free Cash Flow | 39.01M | 39.01M | 34.65M | 38.00M | 46.38M | -5.99M |
| Free Cash Flow Margin | 5.66% | 5.66% | 6.04% | 8.09% | 9.33% | -1.31% |
| Free Cash Flow Per Share | 1.16 | 1.16 | 1.12 | 1.26 | 1.58 | -0.21 |
| Levered Free Cash Flow | -6.65M | -6.65M | 22.61M | 22.69M | 41.61M | -5.92M |
| Unlevered Free Cash Flow | -2.94M | -2.94M | 24.56M | 24.04M | 43.91M | -4.69M |
| Cash Interest Paid | 5.60M | 5.60M | 2.83M | 1.91M | 3.10M | 1.67M |
| Cash Income Tax Paid | 9.12M | 9.12M | 5.87M | 9.57M | 9.56M | 4.96M |
| Change in Working Capital | -6.88M | -6.88M | -4.22M | 4.58M | 5.82M | -38.29M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 723.57M | 946.31M | 492.74M | 406.76M | 345.11M | 164.46M |
| Enterprise Value | 1.02B | 1.25B | 563.01M | 426.76M | 402.10M | 259.90M |
| Last Close Price | 20.00 | 26.51 | 16.81 | 14.14 | 12.10 | 5.83 |
| PE Ratio | 29.85 | 41.91 | 20.21 | 16.29 | 13.40 | 10.94 |
| Forward PE | 23.81 | 28.95 | 20.66 | 14.87 | 15.19 | 10.76 |
| PS Ratio | 1.05 | 1.37 | 0.86 | 0.87 | 0.69 | 0.36 |
| PB Ratio | 1.99 | 2.62 | 2.14 | 1.99 | 1.94 | 1.11 |
| P/TBV Ratio | 5.61 | 5.57 | 4.98 | 4.73 | ||
| P/FCF Ratio | 18.55 | 24.26 | 14.22 | 10.70 | 7.44 | |
| P/OCF Ratio | 16.39 | 21.43 | 12.93 | 9.37 | 6.96 | |
| PEG Ratio | 0.38 | 0.38 | 0.38 | 0.38 | 0.43 | |
| EV/Sales Ratio | 1.47 | 1.81 | 0.98 | 0.91 | 0.81 | 0.57 |
| EV/EBITDA Ratio | 15.66 | 19.27 | 11.40 | 9.17 | 8.60 | 8.17 |
| EV/EBIT Ratio | 21.03 | 25.88 | 15.29 | 11.69 | 10.84 | 11.98 |
| EV/FCF Ratio | 26.05 | 32.05 | 16.25 | 11.23 | 8.67 | |
| Debt / Equity Ratio | 0.85 | 0.85 | 0.29 | 0.35 | 0.26 | 0.61 |
| Debt / EBITDA Ratio | 3.88 | 3.88 | 1.19 | 1.37 | 0.92 | 2.56 |
| Debt / FCF Ratio | 7.86 | 7.86 | 1.92 | 1.90 | 0.99 | |
| Net Debt / Equity Ratio | 0.81 | 0.81 | 0.27 | 0.33 | 0.25 | 0.60 |
| Net Debt / EBITDA Ratio | 4.51 | 4.51 | 1.28 | 1.46 | 0.94 | 2.77 |
| Net Debt / FCF Ratio | 7.50 | 7.50 | 1.82 | 1.79 | 0.95 | -14.73 |
| Asset Turnover | 1.12 | 1.12 | 1.54 | 1.46 | 1.64 | 1.52 |
| Inventory Turnover | 5.37 | 5.37 | 5.73 | 5.00 | 5.21 | 5.19 |
| Quick Ratio | 1.15 | 1.15 | 1.11 | 1.08 | 1.08 | 1.05 |
| Current Ratio | 1.97 | 1.97 | 2.00 | 2.05 | 1.96 | 2.06 |
| Return on Equity (ROE) | 7.64% | 7.64% | 11.21% | 13.08% | 15.84% | 10.78% |
| Return on Assets (ROA) | 4.92% | 4.92% | 6.18% | 7.08% | 7.64% | 4.53% |
| Return on Invested Capital (ROIC) | 5.29% | 7.32% | 9.60% | 11.16% | 12.53% | 7.64% |
| Return on Capital Employed (ROCE) | 7.10% | 7.10% | 12.30% | 13.50% | 16.90% | 9.30% |
| Earnings Yield | 3.35% | 2.39% | 4.95% | 6.14% | 7.46% | 9.14% |
| FCF Yield | 5.39% | 4.12% | 7.03% | 9.34% | 13.44% | -3.64% |
| Dividend Yield | 1.00% | 0.76% | 1.18% | 1.39% | 1.65% | 3.24% |
| Payout Ratio | 29.85% | 28.62% | 24.48% | 22.97% | 21.11% | 35.40% |
| Buyback Yield / Dilution | -9.32% | -9.32% | -2.54% | -2.56% | -4.73% | -2.02% |
| Total Shareholder Return | -8.33% | -8.57% | -1.36% | -1.18% | -3.08% | 1.23% |