LCI Industries (LCII) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LCII SEC filings page.
LCI Industries (LCII) reported $4.0B in revenue over the twelve months to Jun 30, 2026, up 4.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
LCI's recovery is margin-led, but weaker cash conversion and renewed borrowing accompanied its shareholder distributions.
The 2025 earnings rebound was not fully cash-backed: net income rose31.8% while operating cash flow fell-10.6% , alongside increases in inventory and receivables that point to working-capital absorption.
FY2025 revenue remained below the FY2022 peak, so the rebound is not simply a return to prior volume. Operating margin recovered from
Debt-to-equity rose from 0.5x to 0.7x, showing shareholder payouts were accompanied by a more leveraged funding mix. Buybacks and dividends together used
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of LCI Industries'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 Industries 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 55/100, indicating healthy but not exceptional operating efficiency. This is up from 5.8% the prior year.
LCI Industries's revenue grew 10.2% year-over-year to $4.1B, a solid pace of expansion. This earns a growth score of 47/100.
LCI Industries has a moderate D/E ratio of 0.69. This balance of debt and equity financing earns a leverage score of 34/100.
With a current ratio of 2.85, LCI Industries holds $2.85 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 77/100.
LCI Industries has a free cash flow margin of 6.8%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.
LCI Industries's ROE of 13.8% shows moderate profitability relative to equity, earning a score of 60/100. This is up from 10.3% the prior year.
LCI Industries scores 3.16, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
LCI Industries 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 Industries 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 Industries earns $7.84 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 Industries generated $968.7M in revenue in Q2 2026. This represents a decrease of 12.5% from the same quarter a year earlier. Against the prior quarter it is down 11.2%.
LCI Industries's EBITDA was $126.8M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 7.4% from the same quarter a year earlier. Against the prior quarter it is up 1.5%.
LCI Industries reported $67.1M in net income in Q2 2026. This represents an increase of 16.5% from the same quarter a year earlier. Against the prior quarter it is up 6.7%.
LCI Industries earned $2.75 per diluted share (EPS) in Q2 2026. This represents an increase of 20.1% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.
Cash & Balance Sheet
LCI Industries generated $184.9M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 85.9% from the same quarter a year earlier. Against the prior quarter it is up 528.8%.
LCI Industries held $216.5M in cash against $848.9M in long-term debt as of Q2 2026.
LCI Industries paid $1.15 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
LCI Industries's gross margin was 31.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 6.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.0 percentage points.
LCI Industries's operating margin was 9.9% in Q2 2026, reflecting core business profitability. This is up 2.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.
LCI Industries's net profit margin was 6.9% in Q2 2026, showing the share of revenue converted to profit. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.2 percentage points.
LCI Industries's ROE was 4.7% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
Capital Allocation
LCI Industries repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
LCI Industries invested $18.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 47.3% from the same quarter a year earlier. Against the prior quarter it is up 94.1%.
Not reported for Q2 2026.
LCII Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $968.7M-12.5% | $1.1B+4.3% | $932.7M+16.1% | $1.0B+13.2% | $1.1B+5.0% | $1.0B+8.0% | $803.1M-4.1% | $915.5M-4.6% |
| Cost of Revenue | $667.5M-20.3% | $816.9M+2.9% | $726.8M+14.7% | $783.9M+12.7% | $837.2M+6.2% | $793.8M+6.7% | $633.7M-6.3% | $695.5M-7.1% |
| Gross Profit | $301.1M+11.5% | $273.7M+8.7% | $205.9M+21.5% | $252.6M+14.8% | $270.0M+1.3% | $251.7M+12.4% | $169.4M+5.2% | $220.0M+4.3% |
| SG&A Expenses | $143.8M+12.4% | $122.6M+1.7% | $69.6M+261.0% | $177.2M+6.7% | $128.0M-27.2% | $120.6M-27.5% | -$43.2M-5.4% | $166.1M+0.4% |
| Operating Income | $96.0M+9.3% | $95.2M+17.0% | $35.4M+119.2% | $75.4M+40.0% | $87.8M-3.1% | $81.3M+41.1% | $16.1M+515.6% | $53.9M+18.2% |
| EBITDA | $126.8M+7.4% | $125.0M+12.7% | $66.2M+44.6% | $105.9M+24.4% | $118.1M-3.7% | $110.9M+22.8% | $45.8M+28.8% | $85.2M+8.0% |
| Interest Expense | -$6.3M+34.8% | -$9.9M-65.5% | $61.7M+17.1% | -$10.3M-58.4% | -$9.7M-21.7% | -$6.0M+35.7% | $52.7M-26.2% | -$6.5M+36.9% |
| Income Tax | $23.1M+12.6% | $22.3M+25.0% | $7.0M+368.8% | $21.5M+83.1% | $20.5M-4.7% | $17.8M+51.9% | $1.5M+133.4% | $11.8M+25.4% |
| Net Income | $67.1M+16.5% | $62.9M+27.3% | $18.7M+95.7% | $62.5M+75.5% | $57.6M-5.8% | $49.4M+35.3% | $9.5M+501.6% | $35.6M+37.6% |
| EPS (Basic) | $2.76+20.5% | $2.60+34.0% | $0.80+116.2% | $2.56+82.9% | $2.29-4.6% | $1.94+34.7% | $0.37+511.1% | $1.40+37.3% |
| EPS (Diluted) | $2.75+20.1% | $2.53+30.4% | $0.79+113.5% | $2.55+83.5% | $2.29-4.6% | $1.94+34.7% | $0.37+470.0% | $1.39+36.3% |
| Diluted Shares (Avg) | 24M-3.0% | 25M-2.0% | N/A | 24M-4.3% | 25M-1.4% | 25M+0.1% | N/A | 26M+0.2% |
Not reported in any period shown, so not listed: R&D Expenses.
LCII Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3B+3.0% | $3.2B+3.8% | $3.2B+9.7% | $3.2B+4.7% | $3.2B+5.4% | $3.1B+4.0% | $2.9B-2.2% | $3.0B-0.3% |
| Current Assets | $1.5B+9.3% | $1.4B+3.9% | $1.3B+16.3% | $1.4B+10.0% | $1.4B+11.4% | $1.4B+16.9% | $1.2B+3.9% | $1.2B+1.2% |
| Cash & Equivalents | $216.5M+12.8% | $142.2M-38.5% | $222.6M+34.3% | $199.7M+23.9% | $191.9M+47.2% | $231.2M+922.1% | $165.8M+150.5% | $161.2M+415.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $769.0M+8.3% | $834.5M+16.3% | $809.1M+9.8% | $741.3M+5.1% | $710.3M+3.3% | $717.4M-2.3% | $736.6M-4.1% | $705.4M-10.9% |
| Accounts Receivable | $383.0M-0.8% | $376.1M+5.3% | $243.4M+22.0% | $363.9M+14.0% | $386.1M+15.9% | $357.1M+3.7% | $199.6M-7.1% | $319.2M-5.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $619.1M0.0% | $619.5M+5.0% | $622.2M+6.2% | $620.6M+4.5% | $618.9M+5.2% | $590.2M+0.4% | $585.8M-0.6% | $593.9M+2.4% |
| Total Liabilities | $1.8B+2.6% | $1.8B+5.6% | $1.8B+20.4% | $1.8B+12.5% | $1.8B+10.6% | $1.7B+6.7% | $1.5B-6.0% | $1.6B-3.3% |
| Current Liabilities | $597.3M+23.3% | $488.0M+5.8% | $473.4M+14.9% | $492.2M+13.9% | $484.3M+12.0% | $461.3M+12.8% | $412.1M+4.3% | $432.0M+4.3% |
| Non-Current Liabilities | $1.2B-5.0% | $1.3B+5.5% | $1.3B+22.4% | $1.3B+11.9% | $1.3B+10.1% | $1.3B+4.7% | $1.1B-9.4% | $1.2B-5.8% |
| Long-Term Debt | $848.9M-10.1% | $941.3M+0.7% | $941.5M+24.4% | $944.2M+14.8% | $944.3M+13.9% | $934.6M+9.3% | $756.8M-10.6% | $822.3M-9.5% |
| Total Equity | $1.4B+3.4% | $1.4B+1.5% | $1.4B-1.9% | $1.4B-4.0% | $1.4B-0.7% | $1.4B+0.7% | $1.4B+2.4% | $1.4B+3.4% |
| Retained Earnings | $1.4B+7.7% | $1.3B+7.1% | $1.3B+5.9% | $1.3B+5.0% | $1.3B+2.9% | $1.2B+3.5% | $1.2B+2.6% | $1.2B+1.8% |
LCII Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $203.7M+81.5% | -$33.5M-178.3% | $78.9M-26.0% | $97.2M+23.9% | $112.2M-41.8% | $42.7M+658.1% | $106.6M-22.7% | $78.4M-32.2% |
| Depreciation & Amortization | $30.9M+1.8% | $29.8M+0.9% | $30.9M+4.0% | $30.5M-2.5% | $30.3M-5.4% | $29.5M-9.6% | $29.7M-9.9% | $31.3M-6.0% |
| Stock-Based Compensation | N/A | $5.3M+7.4% | N/A | N/A | N/A | $4.9M+14.0% | N/A | N/A |
| Capital Expenditures | $18.8M+47.3% | $9.7M+7.0% | $14.6M+33.2% | $16.3M+62.0% | $12.7M+0.1% | $9.0M+5.0% | $10.9M-9.9% | $10.1M-37.0% |
| Free Cash Flow | $184.9M+85.9% | -$43.1M-228.0% | $64.3M-32.8% | $80.9M+18.3% | $99.5M-44.8% | $33.7M+307.1% | $95.7M-24.0% | $68.3M-31.5% |
| Investing Cash Flow | -$13.5M+83.4% | -$9.6M+77.2% | -$25.4M-141.5% | $1.7M+117.4% | -$81.3M-151.7% | -$42.0M-398.4% | -$10.5M+13.1% | -$9.8M+38.7% |
| Financing Cash Flow | -$121.2M-70.8% | -$35.5M-153.2% | -$29.3M+67.8% | -$92.1M-141.8% | -$71.0M-34.8% | $66.9M+352.8% | -$91.0M+1.8% | -$38.1M+57.7% |
| Dividends Paid | $28.0M-3.7% | $27.9M-4.9% | $27.8M-5.0% | $27.8M+4.1% | $29.0M+8.6% | $29.4M+9.8% | $29.3M+10.1% | $26.7M+0.5% |
| Share Buybacks | $0-100.0% | $0-100.0% | $0 | $62.2M | $38.1M | $28.3M | $0 | $0 |
LCII Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.1%+6.7pp | 25.1%+1.0pp | 22.1%+1.0pp | 24.4%+0.3pp | 24.4%-0.9pp | 24.1%+0.9pp | 21.1%+1.9pp | 24.0%+2.0pp |
| Operating Margin | 9.9%+2.0pp | 8.7%+1.0pp | 3.8%+1.8pp | 7.3%+1.4pp | 7.9%-0.7pp | 7.8%+1.8pp | 2.0%+1.7pp | 5.9%+1.1pp |
| Net Margin | 6.9%+1.7pp | 5.8%+1.0pp | 2.0%+0.8pp | 6.0%+2.1pp | 5.2%-0.6pp | 4.7%+1.0pp | 1.2%+1.5pp | 3.9%+1.2pp |
| Return on Equity | 4.7%+0.5pp | 4.5%+0.9pp | 1.4%+0.7pp | 4.6%+2.1pp | 4.2%-0.2pp | 3.6%+0.9pp | 0.7%+0.9pp | 2.5%+0.6pp |
| Return on Assets | 2.1%+0.2pp | 2.0%+0.4pp | 0.6%+0.3pp | 2.0%+0.8pp | 1.8%-0.2pp | 1.6%+0.4pp | 0.3%+0.4pp | 1.2%+0.3pp |
| Current Ratio | 2.49-0.3x | 2.91-0.1x | 2.850.0x | 2.78-0.1x | 2.800.0x | 2.96+0.1x | 2.820.0x | 2.88-0.1x |
| Debt-to-Equity | 0.59-0.1x | 0.680.0x | 0.69+0.1x | 0.69+0.1x | 0.68+0.1x | 0.68+0.1x | 0.55-0.1x | 0.58-0.1x |
| Asset Turnover | 0.30-0.1x | 0.340.0x | 0.290.0x | 0.330.0x | 0.350.0x | 0.340.0x | 0.280.0x | 0.300.0x |
| FCF Margin | 19.1%+10.1pp | -4.0%-7.2pp | 6.9%-5.0pp | 7.8%+0.3pp | 9.0%-8.1pp | 3.2%+4.9pp | 11.9%-3.1pp | 7.5%-2.9pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| LCI Industries LCII | FY2025 | $4.1B | $188.3M | 4.6% | $2.0B | 56/100 |
| Polaris Inc. PII | FY2025 | $7.2B | -$465.5M | -6.5% | $2.9B | 29/100 |
| Brunswick Corporation BC | FY2025 | $5.4B | -$137.3M | -2.6% | $4.0B | 34/100 |
| Harley-Davidson, Inc. HOG | FY2025 | $4.5B | $338.7M | 7.6% | $2.8B | 61/100 |
| Thor Industries, Inc. THO | FY2026 | $9.6B | $177.5M | 1.8% | $3.4B | 32/100 |
Where LCI Industries Ranks
Frequently Asked Questions
What is LCI Industries's annual revenue?
LCI Industries (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 Industries's revenue growing?
LCI Industries (LCII) revenue grew by 10.2% year-over-year, from $3.7B to $4.1B in fiscal year 2025.
Is LCI Industries profitable?
Yes, LCI Industries (LCII) reported a net income of $188.3M in fiscal year 2025, with a net profit margin of 4.6%.
What is LCI Industries's EBITDA?
LCI Industries (LCII) had EBITDA of $401.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does LCI Industries have?
As of fiscal year 2025, LCI Industries (LCII) had $222.6M in cash and equivalents against $941.5M in long-term debt.
What is LCI Industries's gross margin?
LCI Industries (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 Industries's operating margin?
LCI Industries (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 Industries's net profit margin?
LCI Industries (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 Industries pay dividends?
Yes, LCI Industries (LCII) paid $4.60 per share in dividends during fiscal year 2025.
What is LCI Industries's return on equity (ROE)?
LCI Industries (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 Industries's free cash flow?
LCI Industries (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 Industries's operating cash flow?
LCI Industries (LCII) generated $331.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are LCI Industries's total assets?
LCI Industries (LCII) had $3.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are LCI Industries's capital expenditures?
LCI Industries (LCII) invested $52.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is LCI Industries's current ratio?
LCI Industries (LCII) had a current ratio of 2.85 as of fiscal year 2025, which is generally considered healthy.
What is LCI Industries's debt-to-equity ratio?
LCI Industries (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 Industries's return on assets (ROA)?
LCI Industries (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 Industries's P/E ratio?
LCI Industries (LCII) trades at 9.7x earnings, its market capitalization divided by net income of $211.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is LCI Industries's price-to-sales ratio?
LCI Industries (LCII) trades at 0.5x sales, its market capitalization divided by revenue of $4.0B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Oct 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is LCI Industries's Altman Z-Score?
LCI Industries (LCII) has an Altman Z-Score of 3.16, 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 Industries's Piotroski F-Score?
LCI Industries (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 Industries's earnings high quality?
LCI Industries (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 Industries cover its interest payments?
LCI Industries (LCII) has an interest coverage ratio of 7.84x, 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 Industries?
LCI Industries (LCII) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.