NYSE : LNN
Lindsay Corporation — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 107.63 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.09B
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Financial statements
Lindsay Corporation (LNN) reported revenue of 635.86M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 635.86M | 635.86M | 676.37M | 607.07M | 674.08M | 770.74M |
| Cost of Revenue | 452.08M | 452.08M | 465.59M | 416.02M | 461.07M | 571.57M |
| Gross Profit | 183.78M | 183.78M | 210.78M | 191.06M | 213.01M | 199.18M |
| Selling, General & Admin | 100.19M | 100.19M | 105.14M | 97.75M | 93.03M | 89.80M |
| Research & Development | 17.00M | 17.00M | 17.93M | 17.12M | 18.22M | 15.14M |
| Operating Expenses | 117.19M | 117.19M | 123.08M | 114.87M | 111.25M | 104.95M |
| Operating Income | 66.59M | 66.59M | 87.70M | 76.19M | 101.76M | 94.23M |
| Interest Expense | -3.79M | -4.27M | ||||
| Interest & Investment Income | 9.89M | 9.89M | 5.88M | 1.96M | 2.78M | 622.00K |
| Other Non Operating Income (Expenses) | -1.17M | -1.17M | 993.00K | 910.00K | -382.00K | -2.72M |
| Pretax Income | 75.31M | 75.31M | 94.58M | 79.05M | 100.38M | 87.87M |
| Income Tax Expense | 19.66M | 19.66M | 20.53M | 12.79M | 28.00M | 22.40M |
| Net Income | 55.65M | 55.65M | 74.05M | 66.26M | 72.38M | 65.47M |
| Net Income to Common | 55.65M | 55.65M | 74.05M | 66.26M | 72.38M | 65.47M |
| Shares Outstanding (Basic) | 10.40M | 10.40M | 10.86M | 10.98M | 11.00M | 10.96M |
| Shares Outstanding (Diluted) | 10.44M | 10.44M | 10.92M | 11.02M | 11.06M | 11.03M |
| EPS (Basic) | 5.35 | 5.35 | 6.82 | 6.04 | 6.58 | 5.97 |
| EPS (Diluted) | 5.33 | 5.33 | 6.78 | 6.01 | 6.54 | 5.94 |
| Free Cash Flow | 34.75M | 34.75M | 90.41M | 66.78M | 100.93M | -12.55M |
| Free Cash Flow Per Share | 3.33 | 3.33 | 8.28 | 6.06 | 9.12 | -1.14 |
| Dividend Per Share | 1.49 | 1.49 | 1.45 | 1.41 | 1.37 | 1.33 |
| Gross Margin | 28.90% | 28.90% | 31.16% | 31.47% | 31.60% | 25.84% |
| Operating Margin | 10.47% | 10.47% | 12.97% | 12.55% | 15.10% | 12.23% |
| Profit Margin | 8.75% | 8.75% | 10.95% | 10.91% | 10.74% | 8.49% |
| Free Cash Flow Margin | 5.46% | 5.46% | 13.37% | 11.00% | 14.97% | -1.63% |
| EBITDA | 89.66M | 89.66M | 108.60M | 97.39M | 121.04M | 114.41M |
| EBITDA Margin | 14.10% | 14.10% | 16.06% | 16.04% | 17.96% | 14.84% |
| D&A For EBITDA | 23.06M | 23.06M | 20.90M | 21.20M | 19.28M | 20.18M |
| EBIT | 66.59M | 66.59M | 87.70M | 76.19M | 101.76M | 94.23M |
| EBIT Margin | 10.47% | 10.47% | 12.97% | 12.55% | 15.10% | 12.23% |
| Effective Tax Rate | 26.11% | 26.11% | 21.71% | 16.18% | 27.89% | 25.49% |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 189.84M | 189.84M | 250.57M | 190.88M | 160.75M | 105.05M |
| Short-Term Investments | 5.56M | 11.46M | ||||
| Cash & Short-Term Investments | 189.84M | 189.84M | 250.57M | 190.88M | 166.31M | 116.51M |
| Receivables | 111.20M | 111.20M | 113.03M | 119.90M | 146.07M | 139.10M |
| Inventory | 135.23M | 135.23M | 136.86M | 154.45M | 155.93M | 193.78M |
| Other Current Assets | 35.33M | 35.33M | 32.30M | 27.98M | 19.17M | 27.72M |
| Total Current Assets | 471.60M | 471.60M | 532.76M | 493.21M | 487.48M | 477.10M |
| Property, Plant & Equipment | 190.34M | 190.34M | 160.40M | 128.51M | 116.72M | 113.65M |
| Long-Term Investments | 8.37M | 8.37M | 8.76M | |||
| Goodwill | 84.45M | 84.45M | 84.46M | 84.19M | 83.12M | 67.13M |
| Other Intangible Assets | 22.30M | 22.30M | 23.33M | 25.37M | 27.72M | 18.21M |
| Long-Term Deferred Tax Assets | 17.42M | 17.42M | 19.52M | 14.43M | 10.88M | 9.31M |
| Other Long-Term Assets | 20.63M | 20.63M | 11.59M | 14.52M | 19.73M | 25.25M |
| Total Assets | 815.10M | 815.10M | 840.84M | 760.23M | 745.66M | 710.65M |
| Accounts Payable | 56.94M | 56.94M | 48.67M | 37.42M | 44.28M | 60.04M |
| Accrued Expenses | 24.61M | 24.61M | 30.28M | 23.19M | 27.41M | 28.52M |
| Current Portion of Long-Term Debt | 233.00K | 228.00K | 226.00K | 222.00K | ||
| Current Portion of Leases | 4.33M | 4.33M | 4.11M | 3.62M | 3.03M | 3.16M |
| Current Income Taxes Payable | 7.25M | 7.25M | 7.62M | 6.54M | 9.19M | 7.82M |
| Current Unearned Revenue | 18.63M | 18.63M | 17.94M | 23.24M | 21.63M | 30.56M |
| Other Current Liabilities | 38.05M | 38.05M | 34.74M | 31.58M | 30.35M | 30.63M |
| Total Current Liabilities | 149.82M | 149.82M | 143.59M | 125.82M | 136.11M | 160.94M |
| Long-Term Debt | 114.83M | 114.83M | 114.81M | 114.99M | 115.16M | 115.34M |
| Long-Term Leases | 18.13M | 18.13M | 17.35M | 15.54M | 17.69M | 19.81M |
| Long-Term Unearned Revenue | 3.32M | 3.32M | 726.00K | 1.00M | 1.70M | |
| Pension & Post-Retirement Benefits | 3.16M | 3.16M | 3.42M | 4.17M | 4.38M | 4.89M |
| Long-Term Deferred Tax Liabilities | 967.00K | 967.00K | 1.02M | 678.00K | 689.00K | 1.05M |
| Other Long-Term Liabilities | 19.21M | 19.21M | 27.06M | 17.14M | 14.28M | 15.26M |
| Total Liabilities | 309.44M | 309.44M | 307.99M | 279.34M | 290.01M | 317.30M |
| Common Stock | 19.20M | 19.20M | 19.17M | 19.12M | 19.09M | 19.06M |
| Additional Paid-In Capital | 118.80M | 118.80M | 113.04M | 104.37M | 98.51M | 94.01M |
| Retained Earnings | 785.66M | 785.66M | 745.40M | 687.09M | 636.30M | 579.00M |
| Treasury Stock | -391.96M | -391.96M | -311.22M | -299.69M | -277.24M | -277.24M |
| Comprehensive Income & Other | -26.03M | -26.03M | -33.53M | -30.00M | -21.01M | -21.47M |
| Shareholders' Equity | 505.66M | 505.66M | 532.85M | 480.89M | 455.65M | 393.36M |
| Total Liabilities & Equity | 815.10M | 815.10M | 840.84M | 760.23M | 745.66M | 710.65M |
| Total Debt | 137.29M | 137.29M | 136.51M | 134.39M | 136.11M | 138.53M |
| Net Cash (Debt) | 52.55M | 52.55M | 114.06M | 56.49M | 30.20M | -22.02M |
| Net Cash Per Share | 5.04 | 5.04 | 10.45 | 5.13 | 2.73 | -2.00 |
| Filing Date Shares Outstanding | 10.17M | 10.17M | 10.80M | 10.85M | 11.01M | 10.98M |
| Total Common Shares Outstanding | 10.17M | 10.17M | 10.80M | 10.85M | 11.01M | 10.98M |
| Working Capital | 321.78M | 321.78M | 389.17M | 367.40M | 351.38M | 316.16M |
| Book Value Per Share | 49.72 | 49.72 | 49.32 | 44.33 | 41.38 | 35.82 |
| Tangible Book Value | 398.92M | 398.92M | 425.06M | 371.33M | 344.81M | 308.02M |
| Tangible Book Value Per Share | 39.22 | 39.22 | 39.34 | 34.23 | 31.32 | 28.05 |
| Land | 9.96M | 9.96M | 7.38M | 7.29M | 6.14M | 6.00M |
| Buildings | 70.27M | 70.27M | 61.14M | 58.15M | 57.61M | 51.01M |
| Machinery | 186.37M | 186.37M | 167.78M | 158.04M | 151.35M | 143.86M |
| Construction In Progress | 56.58M | 56.58M | 46.53M | 24.85M | 8.24M | 10.21M |
| Order Backlog | 102.50M | 102.50M | 110.70M |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 55.65M | 55.65M | 74.05M | 66.26M | 72.38M | 65.47M |
| Depreciation & Amortization | 23.06M | 23.06M | 20.90M | 21.20M | 19.28M | 20.18M |
| Stock-Based Compensation | 5.61M | 5.61M | 8.06M | 6.39M | 6.53M | 5.46M |
| Provision & Write-off of Bad Debts | 261.00K | 261.00K | 1.73M | 694.00K | 881.00K | 903.00K |
| Other Operating Activities | 11.30M | 11.30M | -4.82M | -4.42M | 2.69M | 906.00K |
| Change in Accounts Receivable | 1.74M | 1.74M | 3.45M | 23.48M | -4.93M | -47.51M |
| Change in Inventory | 4.23M | 4.23M | 19.09M | -765.00K | 40.95M | -53.80M |
| Change in Accounts Payable | -316.00K | -316.00K | 11.12M | -5.96M | -15.27M | 13.83M |
| Change in Other Net Operating Assets | -26.63M | -26.63M | -655.00K | -11.12M | -2.81M | -2.38M |
| Operating Cash Flow | 74.92M | 74.92M | 132.91M | 95.76M | 119.71M | 3.05M |
| Capital Expenditures | -40.17M | -40.17M | -42.50M | -28.98M | -18.77M | -15.60M |
| Cash Acquisitions | -30.84M | |||||
| Investment in Securities | -5.49M | 5.80M | 6.05M | 7.50M | ||
| Other Investing Activities | -2.65M | -2.65M | -589.00K | -2.76M | -3.85M | -855.00K |
| Investing Cash Flow | -42.82M | -42.82M | -48.57M | -25.94M | -47.42M | -8.95M |
| Issuance of Common Stock | 805.00K | 805.00K | 1.51M | 479.00K | 32.00K | 2.89M |
| Repurchase of Common Stock | -81.99M | -81.99M | -12.98M | -24.03M | -2.47M | -1.18M |
| Common Dividends Paid | -15.39M | -15.39M | -15.75M | -15.46M | -15.08M | -14.60M |
| Other Financing Activities | 356.00K | 356.00K | 372.00K | 370.00K | 222.00K | 194.00K |
| Financing Cash Flow | -96.22M | -96.22M | -26.85M | -38.64M | -17.30M | -12.69M |
| Foreign Exchange Rate Adjustments | 3.38M | 3.38M | 2.21M | -1.05M | 716.00K | -3.46M |
| Net Cash Flow | -60.74M | -60.74M | 59.70M | 30.12M | 55.71M | -22.06M |
| Free Cash Flow | 34.75M | 34.75M | 90.41M | 66.78M | 100.93M | -12.55M |
| Free Cash Flow Margin | 5.46% | 5.46% | 13.37% | 11.00% | 14.97% | -1.63% |
| Free Cash Flow Per Share | 3.33 | 3.33 | 8.28 | 6.06 | 9.12 | -1.14 |
| Levered Free Cash Flow | 37.00M | 37.00M | 78.88M | 54.28M | 83.15M | -1.18M |
| Unlevered Free Cash Flow | 37.00M | 37.00M | 78.88M | 54.28M | 85.52M | 1.49M |
| Cash Interest Paid | 3.91M | 3.81M | ||||
| Cash Income Tax Paid | 17.61M | 17.61M | 20.76M | 22.29M | 20.30M | 15.74M |
| Change in Working Capital | -20.97M | -20.97M | 33.00M | 5.63M | 17.94M | -89.87M |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.11B | 1.17B | 1.49B | 1.35B | 1.37B | 1.76B |
| Enterprise Value | 1.06B | 1.15B | 1.42B | 1.33B | 1.36B | 1.80B |
| Last Close Price | 107.63 | 114.91 | 135.48 | 121.15 | 119.81 | 153.30 |
| PE Ratio | 20.45 | 21.00 | 20.13 | 20.38 | 18.88 | 26.89 |
| Forward PE | 21.68 | 20.88 | 21.74 | 23.21 | 20.57 | 23.52 |
| PS Ratio | 1.75 | 1.84 | 2.20 | 2.22 | 2.03 | 2.28 |
| PB Ratio | 2.16 | 2.31 | 2.80 | 2.81 | 3.00 | 4.48 |
| P/TBV Ratio | 2.78 | 2.93 | 3.51 | 3.64 | 3.96 | 5.72 |
| P/FCF Ratio | 31.97 | 33.63 | 16.49 | 20.22 | 13.54 | |
| P/OCF Ratio | 14.83 | 15.60 | 11.21 | 14.10 | 11.41 | 577.64 |
| PEG Ratio | 3.62 | 4.35 | 3.29 | 1.58 | 1.24 | |
| EV/Sales Ratio | 1.66 | 1.81 | 2.09 | 2.19 | 2.02 | 2.34 |
| EV/EBITDA Ratio | 11.80 | 12.85 | 13.03 | 13.69 | 11.22 | 15.77 |
| EV/EBIT Ratio | 15.89 | 17.29 | 16.14 | 17.49 | 13.35 | 19.15 |
| EV/FCF Ratio | 30.45 | 33.14 | 15.65 | 19.96 | 13.46 | |
| Debt / Equity Ratio | 0.27 | 0.27 | 0.26 | 0.28 | 0.30 | 0.35 |
| Debt / EBITDA Ratio | 1.44 | 1.44 | 1.20 | 1.31 | 1.08 | 1.15 |
| Debt / FCF Ratio | 3.95 | 3.95 | 1.51 | 2.01 | 1.35 | |
| Net Debt / Equity Ratio | -0.10 | -0.10 | -0.21 | -0.12 | -0.07 | 0.06 |
| Net Debt / EBITDA Ratio | -0.59 | -0.59 | -1.05 | -0.58 | -0.25 | 0.19 |
| Net Debt / FCF Ratio | -1.51 | -1.51 | -1.26 | -0.85 | -0.30 | -1.75 |
| Asset Turnover | 0.77 | 0.77 | 0.84 | 0.81 | 0.93 | 1.14 |
| Inventory Turnover | 3.32 | 3.32 | 3.20 | 2.68 | 2.64 | 3.37 |
| Quick Ratio | 2.01 | 2.01 | 2.53 | 2.47 | 2.29 | 1.59 |
| Current Ratio | 3.15 | 3.15 | 3.71 | 3.92 | 3.58 | 2.96 |
| Return on Equity (ROE) | 10.72% | 10.72% | 14.61% | 14.15% | 17.05% | 17.89% |
| Return on Assets (ROA) | 5.03% | 5.03% | 6.85% | 6.32% | 8.73% | 8.74% |
| Return on Invested Capital (ROIC) | 10.52% | 11.29% | 16.29% | 15.03% | 17.45% | 18.84% |
| Return on Capital Employed (ROCE) | 10.00% | 10.00% | 12.60% | 12.00% | 16.70% | 17.10% |
| Earnings Yield | 4.89% | 4.76% | 4.97% | 4.91% | 5.30% | 3.72% |
| FCF Yield | 3.13% | 2.97% | 6.07% | 4.95% | 7.39% | -0.71% |
| Dividend Yield | 1.39% | 1.30% | 1.05% | 1.13% | 1.10% | 0.83% |
| Payout Ratio | 28.52% | 27.66% | 21.27% | 23.34% | 20.84% | 22.30% |
| Buyback Yield / Dilution | 4.42% | 4.42% | 0.90% | 0.41% | -0.28% | -0.42% |
| Total Shareholder Return | 5.79% | 5.71% | 1.95% | 1.54% | 0.82% | 0.41% |