Lindsay Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Lindsay has an operating margin of 13.0%, meaning the company retains $13 of operating profit per $100 of revenue. This strong profitability earns a score of 65/100, reflecting efficient cost management and pricing power. This is up from 12.6% the prior year.
Lindsay's revenue grew 11.4% year-over-year to $676.4M, a solid pace of expansion. This earns a growth score of 61/100.
Lindsay carries a low D/E ratio of 0.22, meaning only $0.22 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.71, Lindsay holds $3.71 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Lindsay converts 13.4% of revenue into free cash flow ($90.4M). This strong cash generation earns a score of 67/100.
Lindsay's ROE of 13.9% shows moderate profitability relative to equity, earning a score of 56/100. This is up from 13.8% the prior year.
Lindsay scores 5.70, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Lindsay passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Lindsay generates $1.79 in operating cash flow ($132.9M OCF vs $74.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Lindsay earns $48.1 in operating income for every $1 of interest expense ($88.1M vs $1.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Lindsay (LNN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Key Financial Metrics
Lindsay generated $676.4M in revenue in fiscal year 2025. This represents an increase of 11.4% from the prior year.
Lindsay's EBITDA was $109.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.5% from the prior year.
Lindsay generated $90.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 35.4% from the prior year.
Lindsay reported $74.1M in net income in fiscal year 2025. This represents an increase of 11.8% from the prior year.
Lindsay earned $6.78 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.8% from the prior year.
Lindsay held $250.6M in cash against $114.8M in long-term debt as of fiscal year 2025.
Lindsay paid $1.45 per share in dividends in fiscal year 2025. This represents an increase of 2.8% from the prior year.
Lindsay had 11M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.
Lindsay's gross margin was 31.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Lindsay's operating margin was 13.0% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Lindsay's net profit margin was 10.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.
Lindsay's ROE was 13.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.
Lindsay invested $17.9M in research and development in fiscal year 2025. This represents an increase of 4.7% from the prior year.
Lindsay spent $11.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 48.6% from the prior year.
Lindsay invested $42.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 46.6% from the prior year.
LNN Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $155.8M-8.1% | $169.5M-9.4% | $187.1M+12.5% | $166.3M+19.5% | $139.2M-8.1% | $151.5M-6.1% | $161.4M-1.9% | $164.6M |
| Cost of Revenue | $105.7M-8.7% | $115.8M-7.0% | $124.6M+7.1% | $116.3M+25.5% | $92.7M-9.6% | $102.6M-8.0% | $111.5M+0.1% | $111.3M |
| Gross Profit | $50.1M-6.6% | $53.6M-14.2% | $62.5M+25.1% | $50.0M+7.5% | $46.5M-5.0% | $49.0M-1.9% | $49.9M-6.2% | $53.2M |
| R&D Expenses | $4.6M-1.5% | $4.7M+13.1% | $4.2M+7.7% | $3.9M-9.9% | $4.3M+10.1% | $3.9M-10.6% | $4.4M-3.8% | $4.5M |
| SG&A Expenses | $14.8M-0.4% | $14.9M-2.9% | $15.4M+2.3% | $15.0M+18.2% | $12.7M-5.7% | $13.5M-8.2% | $14.7M+12.3% | $13.1M |
| Operating Income | $19.6M-17.6% | $23.8M-25.9% | $32.1M+53.8% | $20.9M+4.8% | $19.9M-9.8% | $22.1M+4.9% | $21.1M-21.8% | $27.0M |
| Interest Expense | N/A | $345K-14.2% | $402K-46.5% | $752K-2.0% | $767K-7.6% | $830K-5.4% | $877K-7.5% | $948K |
| Income Tax | $5.4M-13.7% | $6.2M-6.4% | $6.6M+36.3% | $4.9M+2464.1% | -$206K-104.5% | $4.6M-23.5% | $6.0M-32.5% | $8.9M |
| Net Income | $16.5M-15.3% | $19.5M-26.6% | $26.6M+54.8% | $17.2M-15.8% | $20.4M+12.4% | $18.1M+20.7% | $15.0M-11.0% | $16.9M |
| EPS (Diluted) | $1.54-13.5% | $1.78-27.0% | $2.44+55.4% | $1.57-15.1% | $1.85+12.8% | $1.64+20.6% | $1.36-11.1% | $1.53 |
LNN Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $828.4M-1.5% | $840.9M+3.3% | $814.2M+5.6% | $771.0M+1.4% | $760.2M-0.7% | $765.3M+0.2% | $763.9M+2.4% | $745.7M |
| Current Assets | $507.0M-7.4% | $547.2M+3.9% | $526.7M+4.9% | $502.1M+1.8% | $493.2M-1.5% | $500.7M-0.1% | $501.3M+2.8% | $487.5M |
| Cash & Equivalents | $199.6M+1.8% | $196.1M+14.0% | $172.0M-11.3% | $194.1M+1.7% | $190.9M+43.1% | $133.4M-16.3% | $159.4M-0.9% | $160.8M |
| Inventory | $146.4M-2.7% | $150.5M-2.7% | $154.6M-2.3% | $158.3M+2.5% | $154.5M-7.7% | $167.3M+1.9% | $164.1M+5.3% | $155.9M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $84.4M+0.1% | $84.3M+0.5% | $83.9M-0.1% | $83.9M-0.3% | $84.2M+0.1% | $84.1M+0.1% | $84.0M+1.1% | $83.1M |
| Total Liabilities | $310.2M-0.6% | $312.1M+4.8% | $297.8M+5.4% | $282.5M+1.1% | $279.3M-1.0% | $282.2M-5.0% | $297.1M+2.4% | $290.0M |
| Current Liabilities | $148.4M-1.2% | $150.2M+3.7% | $144.9M+11.6% | $129.8M+3.2% | $125.8M-2.7% | $129.3M-8.9% | $142.0M+4.3% | $136.1M |
| Long-Term Debt | $114.8M-0.1% | $114.9M0.0% | $114.9M0.0% | $114.9M0.0% | $115.0M-0.1% | $115.1M0.0% | $115.1M0.0% | $115.2M |
| Total Equity | $518.2M-2.0% | $528.8M+2.4% | $516.4M+5.7% | $488.5M+1.6% | $480.9M-0.4% | $483.0M+3.5% | $466.9M+2.5% | $455.7M |
| Retained Earnings | $758.0M+2.6% | $738.6M+2.2% | $723.0M+3.2% | $700.3M+1.9% | $687.1M+3.8% | $661.7M+2.2% | $647.5M+1.8% | $636.3M |
LNN Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$597K-101.7% | $35.0M+185.0% | $12.3M-43.2% | $21.6M-59.3% | $53.1M+645.5% | -$9.7M-144.5% | $21.9M-63.9% | $60.5M |
| Capital Expenditures | $14.5M+55.1% | $9.3M-4.5% | $9.8M+6.9% | $9.1M+67.7% | $5.5M-53.9% | $11.8M+70.5% | $6.9M+26.4% | $5.5M |
| Free Cash Flow | -$15.1M-158.7% | $25.7M+926.0% | $2.5M-79.9% | $12.5M-73.9% | $47.7M+321.0% | -$21.6M-244.5% | $14.9M-72.9% | $55.0M |
| Investing Cash Flow | -$15.6M-69.6% | -$9.2M+69.7% | -$30.4M-245.5% | -$8.8M-236.6% | $6.4M+151.1% | -$12.6M+30.6% | -$18.2M+36.1% | -$28.5M |
| Financing Cash Flow | -$35.4M-673.3% | -$4.6M-2.2% | -$4.5M+15.7% | -$5.3M+36.8% | -$8.4M-161.6% | -$3.2M+40.3% | -$5.4M-42.3% | -$3.8M |
| Dividends Paid | $3.9M+0.2% | $3.9M-0.1% | $3.9M0.0% | $3.9M+0.2% | $3.9M+1.1% | $3.9M+0.1% | $3.9M+0.2% | $3.9M |
| Share Buybacks | $30.3M+2324.0% | $1.2M-12.5% | $1.4M | $0-100.0% | $4.6M | N/A | N/A | $0 |
LNN Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'24 | Q3'24 | Q2'24 | Q1'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.1%+0.5pp | 31.6%-1.8pp | 33.4%+3.4pp | 30.0%-3.4pp | 33.4%+1.1pp | 32.3%+1.4pp | 30.9%-1.4pp | 32.3% |
| Operating Margin | 12.6%-1.5pp | 14.0%-3.1pp | 17.2%+4.6pp | 12.6%-1.8pp | 14.3%-0.3pp | 14.6%+1.5pp | 13.1%-3.3pp | 16.4% |
| Net Margin | 10.6%-0.9pp | 11.5%-2.7pp | 14.2%+3.9pp | 10.3%-4.3pp | 14.6%+2.7pp | 12.0%+2.6pp | 9.3%-0.9pp | 10.3% |
| Return on Equity | 3.2%-0.5pp | 3.7%-1.5pp | 5.1%+1.6pp | 3.5%-0.7pp | 4.3%+0.5pp | 3.8%+0.5pp | 3.2%-0.6pp | 3.9% |
| Return on Assets | 2.0%-0.3pp | 2.3%-0.9pp | 3.3%+1.0pp | 2.2%-0.5pp | 2.7%+0.3pp | 2.4%+0.4pp | 2.0%-0.4pp | 2.3% |
| Current Ratio | 3.42-0.2 | 3.640.0 | 3.64-0.2 | 3.87-0.1 | 3.92+0.0 | 3.87+0.3 | 3.53-0.1 | 3.58 |
| Debt-to-Equity | 0.220.0 | 0.220.0 | 0.22-0.0 | 0.240.0 | 0.240.0 | 0.240.0 | 0.250.0 | 0.25 |
| FCF Margin | -9.7%-24.8pp | 15.1%+13.8pp | 1.3%-6.1pp | 7.5%-11.0pp | 18.5%+32.7pp | -14.2%-23.5pp | 9.3%-18.2pp | 27.5% |
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Frequently Asked Questions
What is Lindsay's annual revenue?
Lindsay (LNN) reported $676.4M in total revenue for fiscal year 2025. This represents a 11.4% 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 Lindsay's revenue growing?
Lindsay (LNN) revenue grew by 11.4% year-over-year, from $607.1M to $676.4M in fiscal year 2025.
Is Lindsay profitable?
Yes, Lindsay (LNN) reported a net income of $74.1M in fiscal year 2025, with a net profit margin of 10.9%.
What is Lindsay's earnings per share (EPS)?
Lindsay (LNN) reported diluted earnings per share of $6.78 for fiscal year 2025. This represents a 12.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Lindsay's EBITDA?
Lindsay (LNN) had EBITDA of $109.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Lindsay have?
As of fiscal year 2025, Lindsay (LNN) had $250.6M in cash and equivalents against $114.8M in long-term debt.
What is Lindsay's gross margin?
Lindsay (LNN) had a gross margin of 31.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Lindsay's operating margin?
Lindsay (LNN) had an operating margin of 13.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Lindsay's net profit margin?
Lindsay (LNN) had a net profit margin of 10.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Lindsay pay dividends?
Yes, Lindsay (LNN) paid $1.45 per share in dividends during fiscal year 2025.
What is Lindsay's return on equity (ROE)?
Lindsay (LNN) has a return on equity of 13.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lindsay's free cash flow?
Lindsay (LNN) generated $90.4M in free cash flow during fiscal year 2025. This represents a 35.4% 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 Lindsay's operating cash flow?
Lindsay (LNN) generated $132.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Lindsay's total assets?
Lindsay (LNN) had $840.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Lindsay's capital expenditures?
Lindsay (LNN) invested $42.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Lindsay spend on research and development?
Lindsay (LNN) invested $17.9M in research and development during fiscal year 2025.
Does Lindsay buy back shares?
Yes, Lindsay (LNN) spent $11.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Lindsay have outstanding?
Lindsay (LNN) had 11M shares outstanding as of fiscal year 2025.
What is Lindsay's current ratio?
Lindsay (LNN) had a current ratio of 3.71 as of fiscal year 2025, which is generally considered healthy.
What is Lindsay's debt-to-equity ratio?
Lindsay (LNN) had a debt-to-equity ratio of 0.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lindsay's return on assets (ROA)?
Lindsay (LNN) had a return on assets of 8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lindsay's Altman Z-Score?
Lindsay (LNN) has an Altman Z-Score of 5.70, 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 Lindsay's Piotroski F-Score?
Lindsay (LNN) has a Piotroski F-Score of 7 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Lindsay's earnings high quality?
Lindsay (LNN) has an earnings quality ratio of 1.79x, 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 Lindsay cover its interest payments?
Lindsay (LNN) has an interest coverage ratio of 48.1x, 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 Lindsay?
Lindsay (LNN) scores 75 out of 100 on our Financial Profile, indicating strong 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.