Lci Inds Financials
This page shows Lci Inds (LCII) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Margin recovery is outrunning the sales rebound, but working capital is still soaking up cash as volume rebuilds.
In the latest year, net income climbed from$143M to$188M , but operating cash flow moved the other way. With inventory and receivables up a combined$116M , the rebound looks working-capital hungry—a reversal of the prior two years, when cash generation outpaced earnings.
Revenue is still about
Near-term liquidity still looks comfortable, with a current ratio of 2.9x and cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Lci Inds's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Lci Inds has an operating margin of 6.8%, meaning the company retains $7 of operating profit per $100 of revenue. This results in a moderate score of 35/100, indicating healthy but not exceptional operating efficiency. This is up from 5.8% the prior year.
Lci Inds's revenue grew 10.2% year-over-year to $4.1B, a solid pace of expansion. This earns a growth score of 41/100.
Lci Inds carries a low D/E ratio of 0.69, meaning only $0.69 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.
Lci Inds's current ratio of 2.85 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.
Lci Inds has a free cash flow margin of 6.8%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Lci Inds's ROE of 13.8% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 10.3% the prior year.
Lci Inds scores 3.38, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Lci Inds passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Lci Inds generates $1.76 in operating cash flow ($331.0M OCF vs $188.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Lci Inds earns $7.8 in operating income for every $1 of interest expense ($279.9M vs $35.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Lci Inds generated $4.1B in revenue in fiscal year 2025. This represents an increase of 10.2% from the prior year.
Lci Inds's EBITDA was $401.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.6% from the prior year.
Lci Inds reported $188.3M in net income in fiscal year 2025. This represents an increase of 31.8% from the prior year.
Lci Inds earned $7.57 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.2% from the prior year.
Cash & Balance Sheet
Lci Inds generated $278.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 15.1% from the prior year.
Lci Inds held $222.6M in cash against $941.5M in long-term debt as of fiscal year 2025.
Lci Inds paid $4.60 per share in dividends in fiscal year 2025. This represents an increase of 7.0% from the prior year.
Lci Inds had 24M shares outstanding in fiscal year 2025. This represents a decrease of 5.0% from the prior year.
Margins & Returns
Lci Inds's gross margin was 23.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Lci Inds's operating margin was 6.8% in fiscal year 2025, reflecting core business profitability. This is up 1.0 percentage points from the prior year.
Lci Inds's net profit margin was 4.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.
Lci Inds's ROE was 13.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.
Capital Allocation
Lci Inds spent $128.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Lci Inds invested $52.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 24.4% from the prior year.
LCII Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B+16.9% | $932.7M-10.0% | $1.0B-6.4% | $1.1B+5.9% | $1.0B+30.2% | $803.1M-12.3% | $915.5M-13.2% | $1.1B |
| Cost of Revenue | $816.9M+12.4% | $726.8M-7.3% | $783.9M-6.4% | $837.2M+5.5% | $793.8M+25.3% | $633.7M-8.9% | $695.5M-11.7% | $788.1M |
| Gross Profit | $273.7M+32.9% | $205.9M-18.5% | $252.6M-6.4% | $270.0M+7.3% | $251.7M+48.6% | $169.4M-23.0% | $220.0M-17.4% | $266.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $122.6M+699.1% | $15.3M-91.3% | $177.2M-2.8% | $182.2M+51.1% | $120.6M+379.0% | -$43.2M-126.0% | $166.1M-5.6% | $175.8M |
| Operating Income | $95.2M+169.1% | $35.4M-53.1% | $75.4M-14.1% | $87.8M+8.0% | $81.3M+404.0% | $16.1M-70.1% | $53.9M-40.5% | $90.6M |
| Interest Expense | -$9.9M-116.1% | $61.7M+697.8% | -$10.3M-6.5% | -$9.7M-61.7% | -$6.0M-111.4% | $52.7M+908.7% | -$6.5M+18.2% | -$8.0M |
| Income Tax | $22.3M+219.9% | $7.0M-67.6% | $21.5M+5.1% | $20.5M+14.8% | $17.8M+1099.4% | $1.5M-87.4% | $11.8M-45.2% | $21.5M |
| Net Income | $62.9M+236.9% | $18.7M-70.1% | $62.5M+8.4% | $57.6M+16.6% | $49.4M+417.8% | $9.5M-73.2% | $35.6M-41.8% | $61.2M |
| EPS (Diluted) | $2.53 | N/A | $2.55+11.4% | $2.29+18.0% | $1.94 | N/A | $1.39-42.1% | $2.40 |
LCII Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.2B+1.3% | $3.2B+0.2% | $3.2B-0.2% | $3.2B+2.4% | $3.1B+7.1% | $2.9B-4.3% | $3.0B+0.4% | $3.0B |
| Current Assets | $1.4B+5.2% | $1.3B-1.4% | $1.4B+0.8% | $1.4B-0.6% | $1.4B+17.8% | $1.2B-6.8% | $1.2B+2.1% | $1.2B |
| Cash & Equivalents | $142.2M-36.1% | $222.6M+11.5% | $199.7M+4.1% | $191.9M-17.0% | $231.2M+39.5% | $165.8M+2.8% | $161.2M+23.6% | $130.4M |
| Inventory | $834.5M+3.1% | $809.1M+9.1% | $741.3M+4.4% | $710.3M-1.0% | $717.4M-2.6% | $736.6M+4.4% | $705.4M+2.6% | $687.9M |
| Accounts Receivable | $376.1M+54.5% | $243.4M-33.1% | $363.9M-5.8% | $386.1M+8.1% | $357.1M+79.0% | $199.6M-37.5% | $319.2M-4.2% | $333.1M |
| Goodwill | $619.5M-0.4% | $622.2M+0.3% | $620.6M+0.3% | $618.9M+4.9% | $590.2M+0.8% | $585.8M-1.4% | $593.9M+0.9% | $588.5M |
| Total Liabilities | $1.8B+0.8% | $1.8B+0.5% | $1.8B+1.0% | $1.8B+3.2% | $1.7B+15.0% | $1.5B-6.1% | $1.6B-0.7% | $1.6B |
| Current Liabilities | $488.0M+3.1% | $473.4M-3.8% | $492.2M+1.6% | $484.3M+5.0% | $461.3M+11.9% | $412.1M-4.6% | $432.0M-0.1% | $432.5M |
| Long-Term Debt | $941.3M0.0% | $941.5M-0.3% | $944.2M0.0% | $944.3M+1.0% | $934.6M+23.5% | $756.8M-8.0% | $822.3M-0.8% | $829.2M |
| Total Equity | $1.4B+1.9% | $1.4B-0.1% | $1.4B-1.7% | $1.4B+1.3% | $1.4B-1.5% | $1.4B-2.2% | $1.4B+1.7% | $1.4B |
| Retained Earnings | $1.3B+2.7% | $1.3B-0.8% | $1.3B+2.7% | $1.3B+2.3% | $1.2B+1.6% | $1.2B-1.7% | $1.2B+0.7% | $1.2B |
LCII Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$33.5M-142.4% | $78.9M-18.8% | $97.2M-13.4% | $112.2M+162.7% | $42.7M-59.9% | $106.6M+36.0% | $78.4M-59.4% | $192.9M |
| Capital Expenditures | $9.7M-33.7% | $14.6M-10.6% | $16.3M+28.0% | $12.7M+40.9% | $9.0M-17.4% | $10.9M+8.8% | $10.1M-20.9% | $12.7M |
| Free Cash Flow | -$43.1M-167.1% | $64.3M-20.5% | $80.9M-18.7% | $99.5M+195.4% | $33.7M-64.8% | $95.7M+40.0% | $68.3M-62.1% | $180.2M |
| Investing Cash Flow | -$9.6M+62.3% | -$25.4M-1583.7% | $1.7M+102.1% | -$81.3M-93.4% | -$42.0M-299.2% | -$10.5M-7.1% | -$9.8M+69.6% | -$32.3M |
| Financing Cash Flow | -$35.5M-21.4% | -$29.3M+68.2% | -$92.1M-29.8% | -$71.0M-206.1% | $66.9M+173.5% | -$91.0M-139.0% | -$38.1M+27.6% | -$52.6M |
| Dividends Paid | $27.9M+0.4% | $27.8M0.0% | $27.8M-4.2% | $29.0M-1.1% | $29.4M+0.2% | $29.3M+9.5% | $26.7M0.0% | $26.7M |
| Share Buybacks | $0 | $0-100.0% | $62.2M+63.4% | $38.1M+34.8% | $28.3M | $0 | $0 | $0 |
LCII Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.1%+3.0pp | 22.1%-2.3pp | 24.4%-0.0pp | 24.4%+0.3pp | 24.1%+3.0pp | 21.1%-2.9pp | 24.0%-1.2pp | 25.3% |
| Operating Margin | 8.7%+4.9pp | 3.8%-3.5pp | 7.3%-0.6pp | 7.9%+0.2pp | 7.8%+5.8pp | 2.0%-3.9pp | 5.9%-2.7pp | 8.6% |
| Net Margin | 5.8%+3.8pp | 2.0%-4.0pp | 6.0%+0.8pp | 5.2%+0.5pp | 4.7%+3.5pp | 1.2%-2.7pp | 3.9%-1.9pp | 5.8% |
| Return on Equity | 4.5%+3.2pp | 1.4%-3.2pp | 4.6%+0.4pp | 4.2%+0.5pp | 3.6%+2.9pp | 0.7%-1.8pp | 2.5%-1.9pp | 4.4% |
| Return on Assets | 2.0%+1.4pp | 0.6%-1.4pp | 2.0%+0.1pp | 1.8%+0.2pp | 1.6%+1.3pp | 0.3%-0.9pp | 1.2%-0.8pp | 2.0% |
| Current Ratio | 2.91+0.1 | 2.85+0.1 | 2.78-0.0 | 2.80-0.2 | 2.96+0.1 | 2.82-0.1 | 2.88+0.1 | 2.82 |
| Debt-to-Equity | 0.68-0.0 | 0.690.0 | 0.69+0.0 | 0.680.0 | 0.68+0.1 | 0.55-0.0 | 0.58-0.0 | 0.59 |
| FCF Margin | -4.0%-10.8pp | 6.9%-0.9pp | 7.8%-1.2pp | 9.0%+5.8pp | 3.2%-8.7pp | 11.9%+4.4pp | 7.5%-9.6pp | 17.1% |
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Frequently Asked Questions
What is Lci Inds's annual revenue?
Lci Inds (LCII) reported $4.1B in total revenue for fiscal year 2025. This represents a 10.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Lci Inds's revenue growing?
Lci Inds (LCII) revenue grew by 10.2% year-over-year, from $3.7B to $4.1B in fiscal year 2025.
Is Lci Inds profitable?
Yes, Lci Inds (LCII) reported a net income of $188.3M in fiscal year 2025, with a net profit margin of 4.6%.
What is Lci Inds's EBITDA?
Lci Inds (LCII) had EBITDA of $401.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lci Inds have?
As of fiscal year 2025, Lci Inds (LCII) had $222.6M in cash and equivalents against $941.5M in long-term debt.
What is Lci Inds's gross margin?
Lci Inds (LCII) had a gross margin of 23.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lci Inds's operating margin?
Lci Inds (LCII) had an operating margin of 6.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Lci Inds's net profit margin?
Lci Inds (LCII) had a net profit margin of 4.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Lci Inds pay dividends?
Yes, Lci Inds (LCII) paid $4.60 per share in dividends during fiscal year 2025.
What is Lci Inds's return on equity (ROE)?
Lci Inds (LCII) has a return on equity of 13.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lci Inds's free cash flow?
Lci Inds (LCII) generated $278.3M in free cash flow during fiscal year 2025. This represents a -15.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Lci Inds's operating cash flow?
Lci Inds (LCII) generated $331.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lci Inds's total assets?
Lci Inds (LCII) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lci Inds's capital expenditures?
Lci Inds (LCII) invested $52.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Lci Inds's current ratio?
Lci Inds (LCII) had a current ratio of 2.85 as of fiscal year 2025, which is generally considered healthy.
What is Lci Inds's debt-to-equity ratio?
Lci Inds (LCII) had a debt-to-equity ratio of 0.69 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lci Inds's return on assets (ROA)?
Lci Inds (LCII) had a return on assets of 5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lci Inds's Altman Z-Score?
Lci Inds (LCII) has an Altman Z-Score of 3.38, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Lci Inds's Piotroski F-Score?
Lci Inds (LCII) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lci Inds's earnings high quality?
Lci Inds (LCII) has an earnings quality ratio of 1.76x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Lci Inds cover its interest payments?
Lci Inds (LCII) has an interest coverage ratio of 7.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Lci Inds?
Lci Inds (LCII) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.