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Acuity, Inc.

AYI Industrials Electrical Equipment & Parts

Acuity, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $4.6 billion, up 6.82% from fiscal 2025.

Revenue
+2.92%
EPS
+55.5%
Free cash flow
+61.1%
Total debt
−22.2%

Quarter to August 2026, against a year earlier

323.06 0.25 −0.08%
Market cap
$9.6B
P/E
18.5×
Fwd P/E
18.6×
Dividend yield
0.25%
F-score
7/9
Altman Z
6.19
Beneish M
−2.74
Dividend safety
92/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • ABL
  • AIS

Every year since 2016 →

Insider Decisions last twelve months

Bought, $m 0.36
Sold, $m 18.38
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — 2 — — — — — 1 —
Sell — 1 — — — — 1 1 — 1 3 —
Insider Ownership 2.71%

Capital & Financial Ratios $m

Size
Market Cap 9,600.00
Revenue ttm 4,641.80
Net income ttm 531.30
Free cash flow ttm 747.90
Net debt Q 61.10
Valuation
P/E 18.51
Forward P/E 18.60
Price / sales 2.12
Forward P/S Powerpack
Price / FCF 13.17
Price / book 3.31
Financial health
Current ratio Q 1.70 (at or above 1.5: strong)
Debt / equity Q 0.23 (at or below 0.5: strong)
Interest coverage Q 55.37
Growth
Revenue growth Q +2.92% (above 0%: growing)
Operating income growth Q +25.69% (above 0%: growing)
EPS, this year +7.34%
EPS, next year A +9.18%
Revenue, next year A +4.01%
EPS, past 5 yrs +15.26% (at or above 15%: strong)
EPS, next 5 yrs A +8.01%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 1.9×; over the ten years it ranged from 1.0× in 2020 to 3.7× in 2016.
P/E against its own 10 years 44.83%
10-year low 10-year high
P/S against its own 10 years 69.83%
10-year low 10-year high
P/B against its own 10 years 54.29%
10-year low 10-year high
EV/Sales against its own 10 years 68.80%
10-year low 10-year high
EV/FCF against its own 10 years 24.45%
10-year low 10-year high

Dividends raised 3 years running

Yield
0.25%
Annual rate
0.80
Payout ratio
4.68%
Growth, 2018–26
+5.53%/yr
  1. 0.52 ’18
  2. 0.52 ’19 +0
  3. 0.52 ’20 +0
  4. 0.52 ’21 +0
  5. 0.52 ’22 +0
  6. 0.52 ’23 +0
  7. 0.60 ’24 +15
  8. 0.68 ’25 +13
  9. 0.80 ’26 +18
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 398 846 423 636
Receivables 555 563 594 632
Inventory 369 388 527 450
Other — — — —
1,395 1,872 1,652 1,859
2023 2024 2025 2026
Payables 286 352 455 444
ST’ Debt — — — 200
Other 187 206 258 276
595 688 846 1,097

Compound Annual Growth %

10y 5y 3y
Sales 3.50% 6.05% 5.51%
Cash Flow 7.85% 15.10% 12.61%
Earnings 6.21% 11.64% 15.37%
Book Value 6.01% 7.79% 13.85%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 5.53 Actual 5.77

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY26 4.52 4.69 Beat by 0.17
Q2 FY26 4.01 4.14 Beat by 0.13
Q3 FY26 5.20 5.31 Beat by 0.11
Q4 FY26 5.53 5.77 Beat by 0.24
Q1 FY27 5.09 — Reports 14 January 2027

EPS $

Nov Feb May Aug Year
’26 — — — — —
’26 3.82 3.09 4.56 5.63 17.05
’25 3.35 2.45 3.12 3.61 12.53
’24 3.21 2.84 3.62 3.77 13.44
’23 2.29 2.57 3.28 2.63 10.76
’22 2.46 2.13 3.07 3.48 11.08
’21 1.57 1.74 2.37 2.72 8.38
Fiscal quarters ending in the months shown.

Revenue $m

Nov Feb May Aug Year
’26 — — — — —
’26 1,144 1,056 1,198 1,244 4,642
’25 952 1,006 1,179 1,209 4,346
’24 935 906 968 1,032 3,841
’23 998 944 1,000 1,010 3,952
’22 926 909 1,061 1,110 4,006
’21 792 777 900 993 3,461
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Nov Feb May Aug Year
’26 — — — — —
’26 141 89 290 305 826
’25 132 59 207 203 601
’24 190 103 153 174 619
’23 187 120 165 107 578
’22 84 44 38 151 316
’21 124 89 104 93 409
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Nov Feb May Aug Year
’26 — — — — —
’26 115 73 274 286 748
’25 113 50 192 178 533
’24 175 88 141 151 555
’23 168 102 153 88 511
’22 74 38 25 132 269
’21 113 79 99 79 370
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 1.5% a year for ten years. It grew 9.6% a year over the last ten.

Implied
1.5%
10 years, reported
9.6%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to August

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 3,505 3,680 3,673 3,326 3,461 4,006 3,952 3,841 4,346 4,642 +3.2% 4,828 5,066 5,295 +4.5%
Gross margin, % 42.26 40.36 40.29 42.16 42.62 41.75 43.35 46.39 47.83 50.64 +8.4 pt
EBT 493 426 425 325 396 494 447 549 500 681 +3.7%
EBT margin, % 14.05 11.57 11.57 9.76 11.45 12.33 11.30 14.28 11.51 14.66 +0.6 pt
Net income 322 350 330 248 306 384 346 423 397 531 +5.7%
Per share, $
Per share, $ Revenue 81.32 89.98 92.51 84.31 95.39 117.20 124.26 124.36 140.82 152.77 +7.3%
Earnings 7.46 8.54 8.32 6.29 8.44 11.23 10.88 13.68 12.85 17.49 +9.9%
Cash flow 7.81 8.59 12.46 12.80 11.26 9.25 18.18 20.05 19.49 27.17 +14.9%
Capex (1.43) (1.07) (1.33) (1.39) (1.08) (1.39) (2.10) (2.07) (2.22) (2.56) +6.6%
Free cash flow 6.38 7.53 11.13 11.41 10.19 7.86 16.08 17.98 17.27 24.61 +16.2%
Book value 38.65 41.98 48.34 53.92 56.35 55.93 63.37 77.02 88.30 97.89 +10.9%
Shares, m 43 41 40 39 36 34 32 31 31 30 (3.8%)
Valuation, ×
Valuation, × P/E 23.64 17.83 14.55 17.35 21.74 14.52 14.81 17.96 25.94 18.95 18.7
P/S 2.17 1.70 1.31 1.30 1.93 1.40 1.30 1.98 2.37 2.17 1.8
P/B 4.57 3.64 2.51 2.03 3.27 2.93 2.55 3.20 3.77 3.39 3.2
EV/Sales 2.19 1.76 1.28 1.25 1.94 1.47 1.33 1.89 2.50 2.19 1.8
EV/FCF 27.89 21.04 10.66 9.23 18.17 21.93 10.26 13.10 20.37 13.56 16.6
Cash, $m
Cash, $m Operating cash flow 337 352 495 505 409 316 578 619 601 826 +10.5%
Capex (62) (44) (53) (55) (39) (48) (67) (64) (68) (78) +2.6%
Free cash flow 275 308 442 450 370 269 511 555 533 748 +11.8%
Balance, $m
Balance, $m Working capital 645 528 846 822 852 732 800 1,184 806 762 +1.9%
Net debt 46 228 (104) (160) 19 290 98 (350) 474 61 +3.3%
Shareholders’ equity 1,666 1,717 1,919 2,128 2,045 1,912 2,015 2,379 2,725 2,974 +6.7%
Returns, %
Returns, % ROA 11.00 11.87 10.73 7.45 8.67 10.89 10.05 11.70 9.26 11.04 0.0 pt
ROIC 19.26 14.81 15.94 11.24 12.95 14.47 14.00 17.04 11.02 14.70 (4.6) pt
ROE 19.35 20.67 18.18 12.27 14.68 19.41 17.62 19.23 15.54 18.64 (0.7) pt
People
People Employees 12,500 13,000 12,000 11,500 13,000 13,200 12,200 13,200 13,800 13,900 +1.2%
Revenue/emp, $m 0.28 0.28 0.31 0.29 0.27 0.30 0.32 0.29 0.31 0.33 +2.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Aug 2026 · latest quarter Aug 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Acuity, Inc. designs and sells lighting and technology used in buildings and other spaces. Founded in 2001 and headquartered in Atlanta, it is led by Chairman, President and CEO Neil Ashe.

The company has two businesses. Acuity Brands Lighting, or ABL, makes luminaires—the fixtures that house and distribute light—as well as lighting controls, drivers and other electronics. Customers use its products in new buildings and to renovate, retrofit, maintain or repair existing ones. Acuity sells through independent sales agencies, distributors and retailers, as well as directly to some customers.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
ABL 3,576 77.05%
AIS 1,107 23.84%
Gross margin 50.64%
Operating margin 15.38%
Pre-tax margin 14.66%

Revenue by segment since 2016

Acuity, Inc. vs peers in Electrical Equipment & Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HUBB Hubbell Inc $22.1B 25.0× 24.8× +24.63% (above 0%: growing) +4.21% (above 0%: growing) +10.48% (above 0%: growing) 36.75% 21.83% Compare
NVT nVent Electric PLC $15.9B 25.3× 23.0× +43.73% (above 0%: growing) +66.89% (above 0%: growing) +33.08% (above 0%: growing) 35.84% 18.63% Compare
AYI Acuity, Inc. $9.6B 18.5× 18.6× +2.92% (above 0%: growing) +55.53% (above 0%: growing) +61.06% (above 0%: growing) 53.85% 18.24%
AEIS Advanced Energy Industries, Inc. $7.5B 26.3× 21.1× +50.31% (above 0%: growing) +134.96% (above 0%: growing) −33.07% (below 0%: shrinking) 41.51% 20.56% Compare
FPS Forgent Power Solutions, Inc. $5.5B — — +94.30% (above 0%: growing) — +188.32% (above 0%: growing) 36.11% 19.91% Compare
ENS Enersys $5.1B 15.3× 13.2× +4.77% (above 0%: growing) +115.54% (above 0%: growing) +881.05% (above 0%: growing) 33.49% 16.18% Compare
POWL Powell Industries, Inc. $4.6B 25.3× 24.8× +8.90% (above 0%: growing) +7.25% (above 0%: growing) +121.73% (above 0%: growing) 30.57% 20.55% Compare
HAYW Hayward Holdings, Inc. $3.4B 20.4× 22.4× +6.47% (above 0%: growing) +38.91% (above 0%: growing) −51.02% (below 0%: shrinking) 47.92% 19.30% Compare
PLUG Plug Power, Inc. $1.9B — (loss-making) — (loss-making) +2.49% (above 0%: growing) n/m +56.89% (above 0%: growing) (0.94%) (35.96%) Compare
Median of peers $5.3B 25.1× 22.7× +16.77% +52.90% +44.98% 35.98% 19.61%

All 55 Electrical Equipment & Parts stocks →

From the latest earnings call

Updated

  • Karen Holcom said Intelligent Spaces drove fourth-quarter sales growth, while lighting sales declined against a prior-year quarter supported by an elevated backlog.
  • Neil Ashe expects higher memory costs to affect Intelligent Spaces margins in fiscal 2027, with the impact likely beginning late in the first quarter.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 99.53%
Held by the ten largest 52.26%
Holder Shares Stake Change
Fidelity (FMR) 3.60m 12.04% +1.25m
Vanguard 3.05m 10.19% +15.94k
BlackRock 2.98m 9.95% −84.11k
AQR Capital Management 1.27m 4.25% +838.15k
State Street 966.02k 3.23% +19.42k
FULLER & THALER ASSET MANAGEMENT, INC. 772.13k 2.58% +222.49k
Geode Capital Management 768.42k 2.57% +191.97k
Dimensional Fund Advisors 766.54k 2.56% +131.38k
American Century 743.41k 2.48% −5.57k
UBS 723.67k 2.42% +287.52k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 11 December 2025

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 12.50m 36.92m 303.17
2024 10.89m 56.80m 235.97
2023 9.21m 8.59m 149.04
2022 7.68m 4.82m 151.03
2021 14.91m 52.62m 169.52

Ownership

Directors and executive officers, together 2.90%
The Vanguard Group 10.40%
BlackRock, Inc. 9.00%
FMR LLC 5.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Acuity, Inc. (AYI) Latest News

26 Oct

Impact 4 · · Business Wire
Impact 4 · · GlobeNewswire

24 Oct

Impact 4 · · Simply Wall St.

12 Oct

Impact 3 · · StockStory

8 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · StockStory

4 Oct

Impact 4 · · Insider Monkey

2 Oct

Impact 4 · · StockStory

1 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · GlobeNewswire
Impact 3 · · StockStory
Impact 3 · · InvestorsHub
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Investing.com
Impact 3 · · Zacks

30 Sep

Impact 3 · · Insider Monkey

29 Sep

Impact 3 · · StockStory
Impact 3 · · GlobeNewswire

28 Sep

Impact 3 · · Zacks

24 Sep

Impact 4 ·

15 Aug

Impact 3 ·

11 Aug

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29 Jun

Impact 3 ·
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26 Jun

Impact 3 · · Moby transcript

AYI metrics, ten years each

stockrow.com/AYI · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com