NYSE : LCII
LCI Industries — Financial statements
Consumer Discretionary · Recreational Vehicles · United States
Last price 98.97 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.41B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
LCI Industries (LCII) reported revenue of 4.03B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 4.03B | 4.12B | 3.74B | 3.78B | 5.21B | 4.47B |
| Cost of Revenue | 3.00B | 3.14B | 2.86B | 3.01B | 3.93B | 3.43B |
| Gross Profit | 1.03B | 980.29M | 879.72M | 776.19M | 1.27B | 1.04B |
| Selling, General & Admin | 717.31M | 700.37M | 661.48M | 652.76M | 657.24M | 584.75M |
| Amortization of Goodwill & Intangibles | 46.22M | 41.78M | ||||
| Operating Expenses | 717.31M | 700.37M | 661.48M | 652.76M | 720.26M | 642.33M |
| Operating Income | 316.02M | 279.92M | 218.24M | 123.43M | 553.03M | 400.71M |
| Interest Expense | -39.96M | -35.71M | -28.90M | -40.42M | -27.57M | -16.37M |
| EBT Excluding Unusual Items | 279.76M | 244.21M | 189.34M | 83.00M | 525.46M | 384.34M |
| Merger & Restructuring Charges | -14.10M | -2.30M | ||||
| Gain (Loss) on Sale of Assets | 20.27M | 19.72M | ||||
| Other Unusual Items | -806.00K | -8.86M | ||||
| Pretax Income | 285.12M | 255.07M | 189.34M | 83.00M | 525.46M | 382.04M |
| Income Tax Expense | 73.86M | 66.82M | 46.47M | 18.81M | 130.48M | 94.31M |
| Net Income | 211.26M | 188.25M | 142.87M | 64.19M | 394.97M | 287.74M |
| Net Income to Common | 211.26M | 188.25M | 142.87M | 64.19M | 394.97M | 287.74M |
| Shares Outstanding (Basic) | 24.29M | 24.80M | 25.45M | 25.30M | 25.37M | 25.26M |
| Shares Outstanding (Diluted) | 24.49M | 24.86M | 25.51M | 25.44M | 25.51M | 25.43M |
| EPS (Basic) | 8.70 | 7.59 | 5.61 | 2.54 | 15.57 | 11.39 |
| EPS (Diluted) | 8.62 | 7.57 | 5.60 | 2.52 | 15.48 | 11.32 |
| Free Cash Flow | 286.95M | 278.33M | 327.95M | 465.02M | 471.87M | -210.11M |
| Free Cash Flow Per Share | 11.72 | 11.20 | 12.86 | 18.28 | 18.50 | -8.26 |
| Dividend Per Share | 4.60 | 4.60 | 4.30 | 4.20 | 4.05 | 3.45 |
| Gross Margin | 25.65% | 23.78% | 23.51% | 20.51% | 24.45% | 23.32% |
| Operating Margin | 7.85% | 6.79% | 5.83% | 3.26% | 10.62% | 8.96% |
| Profit Margin | 5.24% | 4.57% | 3.82% | 1.70% | 7.58% | 6.43% |
| Free Cash Flow Margin | 7.12% | 6.75% | 8.77% | 12.29% | 9.06% | -4.70% |
| EBITDA | 438.04M | 401.15M | 343.93M | 255.20M | 682.24M | 513.03M |
| EBITDA Margin | 10.87% | 9.73% | 9.19% | 6.74% | 13.10% | 11.47% |
| D&A For EBITDA | 122.02M | 121.23M | 125.69M | 131.77M | 129.21M | 112.32M |
| EBIT | 316.02M | 279.92M | 218.24M | 123.43M | 553.03M | 400.71M |
| EBIT Margin | 7.85% | 6.79% | 5.83% | 3.26% | 10.62% | 8.96% |
| Effective Tax Rate | 25.90% | 26.20% | 24.54% | 22.66% | 24.83% | 24.68% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 216.51M | 222.62M | 165.76M | 66.16M | 47.50M | 62.90M |
| Cash & Short-Term Investments | 216.51M | 222.62M | 165.76M | 66.16M | 47.50M | 62.90M |
| Accounts Receivable | 383.00M | 243.43M | 199.56M | 214.71M | 214.26M | 319.78M |
| Other Receivables | 24.40M | |||||
| Receivables | 407.40M | 243.43M | 199.56M | 214.71M | 214.26M | 319.78M |
| Inventory | 768.98M | 809.09M | 736.60M | 768.41M | 1.03B | 1.10B |
| Prepaid Expenses | 91.83M | 74.55M | 58.32M | 67.60M | 99.31M | 88.30M |
| Total Current Assets | 1.48B | 1.35B | 1.16B | 1.12B | 1.39B | 1.57B |
| Property, Plant & Equipment | 690.00M | 701.03M | 657.04M | 711.17M | 729.19M | 591.07M |
| Goodwill | 619.12M | 622.18M | 585.77M | 589.55M | 567.06M | 543.18M |
| Other Intangible Assets | 372.87M | 402.57M | 392.02M | 448.76M | 503.32M | 515.27M |
| Long-Term Deferred Charges | 4.69M | |||||
| Other Long-Term Assets | 101.18M | 100.52M | 99.67M | 92.97M | 56.56M | 67.00M |
| Total Assets | 3.27B | 3.18B | 2.89B | 2.96B | 3.25B | 3.29B |
| Accounts Payable | 208.85M | 202.26M | 187.68M | 183.70M | 143.53M | 282.18M |
| Accrued Expenses | 116.81M | 105.77M | 91.81M | 78.25M | 77.80M | 85.76M |
| Current Portion of Long-Term Debt | 3.66M | 3.68M | 423.00K | 589.00K | 23.09M | 71.00M |
| Current Portion of Leases | 45.23M | 44.17M | 38.67M | 36.27M | 35.45M | 30.59M |
| Other Current Liabilities | 222.69M | 117.48M | 93.46M | 96.19M | 141.43M | 157.68M |
| Total Current Liabilities | 597.25M | 473.37M | 412.05M | 394.99M | 421.30M | 627.22M |
| Long-Term Debt | 848.93M | 941.50M | 756.83M | 846.83M | 1.10B | 1.23B |
| Long-Term Leases | 248.36M | 246.05M | 199.93M | 222.68M | 222.48M | 143.44M |
| Pension & Post-Retirement Benefits | 4.80M | 33.30M | ||||
| Long-Term Deferred Tax Liabilities | 27.82M | 27.50M | 26.11M | 47.74M | 49.78M | 69.38M |
| Other Long-Term Liabilities | 113.79M | 126.74M | 112.93M | 92.03M | 71.66M | 89.93M |
| Total Liabilities | 1.84B | 1.82B | 1.51B | 1.60B | 1.87B | 2.20B |
| Common Stock | 290.00K | 289.00K | 288.00K | 287.00K | 285.00K | 284.00K |
| Additional Paid-In Capital | 261.85M | 255.12M | 257.49M | 245.66M | 234.96M | 220.46M |
| Retained Earnings | 1.35B | 1.28B | 1.21B | 1.18B | 1.22B | 930.79M |
| Treasury Stock | -211.91M | -211.91M | -82.22M | -82.22M | -82.22M | -58.16M |
| Comprehensive Income & Other | 28.78M | 37.68M | 3.23M | 14.27M | 6.70M | -501.00K |
| Shareholders' Equity | 1.43B | 1.36B | 1.39B | 1.36B | 1.38B | 1.09B |
| Total Liabilities & Equity | 3.27B | 3.18B | 2.89B | 2.96B | 3.25B | 3.29B |
| Total Debt | 1.15B | 1.24B | 995.85M | 1.11B | 1.38B | 1.48B |
| Net Cash (Debt) | -929.67M | -1.01B | -830.10M | -1.04B | -1.33B | -1.41B |
| Net Cash Per Share | -37.96 | -40.75 | -32.54 | -40.90 | -52.10 | -55.61 |
| Filing Date Shares Outstanding | 24.31M | 24.20M | 25.46M | 25.33M | 25.18M | 25.28M |
| Total Common Shares Outstanding | 24.31M | 24.20M | 25.46M | 25.33M | 25.18M | 25.27M |
| Working Capital | 887.47M | 876.32M | 748.18M | 721.88M | 969.48M | 939.67M |
| Book Value Per Share | 58.89 | 56.24 | 54.47 | 53.50 | 54.85 | 43.24 |
| Tangible Book Value | 439.76M | 336.08M | 409.10M | 316.73M | 310.62M | 34.42M |
| Tangible Book Value Per Share | 18.09 | 13.89 | 16.07 | 12.51 | 12.34 | 1.36 |
| Land | 19.96M | 20.51M | 20.67M | 20.63M | 20.49M | |
| Buildings | 249.29M | 247.28M | 244.74M | 222.60M | 212.88M | |
| Machinery | 656.59M | 621.38M | 642.76M | 585.25M | 544.08M | |
| Construction In Progress | 21.70M | 36.95M | 42.18M | 84.21M | 35.03M | |
| Leasehold Improvements | 36.18M | 34.11M | 33.19M | 32.57M | 29.98M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 211.26M | 188.25M | 142.87M | 64.19M | 394.97M | 287.74M |
| Depreciation & Amortization | 122.02M | 121.23M | 125.69M | 131.77M | 129.21M | 112.32M |
| Loss (Gain) From Sale of Assets | -20.27M | -19.72M | ||||
| Stock-Based Compensation | 24.04M | 22.69M | 18.65M | 18.23M | 23.70M | 27.16M |
| Other Operating Activities | 29.07M | 42.74M | 136.00K | 9.78M | -5.78M | 4.18M |
| Change in Accounts Receivable | 1.89M | -25.54M | 13.47M | 1.59M | 115.71M | -58.84M |
| Change in Inventory | -59.21M | -35.01M | 46.34M | 235.35M | 117.42M | -516.69M |
| Change in Accounts Payable | -19.88M | 4.44M | 3.47M | 38.74M | -161.12M | 68.88M |
| Change in Other Net Operating Assets | 57.32M | 31.89M | 19.66M | 27.58M | -11.59M | -36.31M |
| Operating Cash Flow | 346.26M | 330.98M | 370.28M | 527.23M | 602.51M | -111.57M |
| Capital Expenditures | -59.30M | -52.64M | -42.33M | -62.21M | -130.64M | -98.53M |
| Cash Acquisitions | -14.51M | -112.69M | -19.96M | -25.85M | -108.47M | -194.11M |
| Sale (Purchase) of Real Estate | 24.83M | 22.67M | ||||
| Other Investing Activities | 2.14M | -4.40M | 1.19M | 4.31M | -2.68M | 11.42M |
| Investing Cash Flow | -46.83M | -147.07M | -61.10M | -83.75M | -241.79M | -281.22M |
| Long-Term Debt Issued | 839.50M | 86.25M | 248.90M | 1.13B | 1.89B | |
| Long-Term Debt Repaid | -671.95M | -175.41M | -525.92M | -1.31B | -1.30B | |
| Net Debt Issued (Repaid) | -96.46M | 167.55M | -89.16M | -277.02M | -178.37M | 584.79M |
| Repurchase of Common Stock | -69.37M | -133.87M | -9.16M | -9.63M | -35.02M | -8.32M |
| Common Dividends Paid | -111.53M | -114.04M | -109.47M | -106.34M | -102.73M | -87.17M |
| Other Financing Activities | -821.00K | -45.13M | -432.00K | -33.20M | -58.76M | -84.73M |
| Financing Cash Flow | -278.19M | -125.49M | -208.22M | -426.18M | -374.87M | 404.56M |
| Foreign Exchange Rate Adjustments | 3.34M | -1.56M | -1.37M | 1.36M | -1.25M | -697.00K |
| Net Cash Flow | 24.58M | 56.86M | 99.60M | 18.66M | -15.40M | 11.07M |
| Free Cash Flow | 286.95M | 278.33M | 327.95M | 465.02M | 471.87M | -210.11M |
| Free Cash Flow Margin | 7.12% | 6.75% | 8.77% | 12.29% | 9.06% | -4.70% |
| Free Cash Flow Per Share | 11.72 | 11.20 | 12.86 | 18.28 | 18.50 | -8.26 |
| Levered Free Cash Flow | 264.59M | 163.87M | 291.41M | 427.60M | 348.53M | -252.36M |
| Unlevered Free Cash Flow | 289.57M | 186.19M | 309.47M | 452.86M | 365.77M | -242.13M |
| Cash Interest Paid | 41.00M | 36.40M | 31.50M | 39.92M | 25.05M | 15.43M |
| Cash Income Tax Paid | 60.43M | 40.18M | 46.42M | 8.12M | 170.01M | 94.08M |
| Change in Working Capital | -19.88M | -24.22M | 82.94M | 303.25M | 60.41M | -542.97M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.41B | 2.94B | 2.63B | 3.18B | 2.35B | 3.94B |
| Enterprise Value | 3.34B | 3.94B | 3.54B | 4.31B | 3.60B | 5.13B |
| Last Close Price | 98.98 | 117.69 | 95.81 | 112.25 | 79.56 | 129.34 |
| PE Ratio | 11.48 | 15.60 | 18.43 | 49.59 | 5.95 | 13.69 |
| Forward PE | 11.52 | 15.20 | 16.32 | 19.96 | 9.48 | 12.17 |
| PS Ratio | 0.60 | 0.71 | 0.70 | 0.84 | 0.45 | 0.88 |
| PB Ratio | 1.68 | 2.16 | 1.90 | 2.35 | 1.70 | 3.60 |
| P/TBV Ratio | 5.47 | 8.74 | 6.43 | 10.05 | 7.57 | 114.43 |
| P/FCF Ratio | 8.39 | 10.55 | 8.03 | 6.85 | 4.98 | |
| P/OCF Ratio | 6.95 | 8.87 | 7.11 | 6.04 | 3.90 | |
| PEG Ratio | 0.77 | 1.01 | 1.09 | 1.33 | 0.63 | 0.81 |
| EV/Sales Ratio | 0.83 | 0.95 | 0.95 | 1.14 | 0.69 | 1.15 |
| EV/EBITDA Ratio | 7.62 | 9.81 | 10.29 | 16.88 | 5.27 | 9.99 |
| EV/EBIT Ratio | 10.56 | 14.06 | 16.23 | 34.90 | 6.50 | 12.79 |
| EV/FCF Ratio | 11.63 | 14.14 | 10.80 | 9.26 | 7.62 | |
| Debt / Equity Ratio | 0.80 | 0.91 | 0.72 | 0.82 | 1.00 | 1.35 |
| Debt / EBITDA Ratio | 2.20 | 2.58 | 2.39 | 3.40 | 1.84 | 2.62 |
| Debt / FCF Ratio | 3.99 | 4.44 | 3.04 | 2.38 | 2.92 | |
| Net Debt / Equity Ratio | 0.65 | 0.74 | 0.60 | 0.77 | 0.96 | 1.29 |
| Net Debt / EBITDA Ratio | 2.12 | 2.52 | 2.41 | 4.08 | 1.95 | 2.76 |
| Net Debt / FCF Ratio | 3.24 | 3.64 | 2.53 | 2.24 | 2.82 | -6.73 |
| Asset Turnover | 1.25 | 1.36 | 1.28 | 1.22 | 1.59 | 1.60 |
| Inventory Turnover | 4.05 | 4.07 | 3.80 | 3.35 | 3.70 | 4.32 |
| Quick Ratio | 1.04 | 0.98 | 0.89 | 0.71 | 0.62 | 0.61 |
| Current Ratio | 2.49 | 2.85 | 2.82 | 2.83 | 3.30 | 2.50 |
| Return on Equity (ROE) | 15.00% | 13.70% | 10.42% | 4.69% | 31.93% | 28.76% |
| Return on Assets (ROA) | 6.13% | 5.76% | 4.66% | 2.49% | 10.58% | 8.97% |
| Return on Invested Capital (ROIC) | 9.67% | 9.00% | 7.14% | 3.74% | 15.93% | 14.34% |
| Return on Capital Employed (ROCE) | 11.80% | 10.40% | 8.80% | 4.80% | 19.60% | 15.10% |
| Earnings Yield | 8.71% | 6.41% | 5.43% | 2.02% | 16.80% | 7.30% |
| FCF Yield | 11.92% | 9.48% | 12.46% | 14.61% | 20.07% | -5.33% |
| Dividend Yield | 4.65% | 3.79% | 4.16% | 3.34% | 4.34% | 2.21% |
| Payout Ratio | 53.36% | 60.58% | 76.62% | 165.65% | 26.01% | 30.29% |
| Buyback Yield / Dilution | 3.85% | 2.56% | -0.28% | 0.31% | -0.34% | -0.68% |
| Total Shareholder Return | 8.49% | 6.35% | 3.88% | 3.65% | 4.00% | 1.53% |