Sunday 18 October 2026
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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. In the quarter to August 2026, revenue grew 2.92%, EPS grew 55.6%, free cash flow grew 61.1% and total debt fell 22.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.
303.25
1.38
+0.46%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to August
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 153.28 | 103.48 | 105.95 | 67.46 | 114.54 | 142.71 | 149.30 | 200.27 | 216.81 | 257.04 |
Analyst estimates 2027–2029 Powerpack |
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| High | 241.60 | 186.99 | 147.44 | 143.55 | 224.59 | 220.97 | 207.96 | 337.99 | 379.17 | 380.17 | |||||
| People | |||||||||||||||
| People | Employees | 12,500 | 13,000 | 12,000 | 11,500 | 13,000 | 13,200 | 12,200 | 13,200 | 13,800 | — | ||||
| Revenue/emp, $m | 0.28 | 0.28 | 0.31 | 0.29 | 0.27 | 0.30 | 0.32 | 0.29 | 0.31 | 0.00 | |||||
| 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 | ||||
| Gross margin, % | 42.26 | 40.36 | 40.29 | 42.16 | 42.62 | 41.75 | 43.35 | 46.39 | 47.83 | 50.64 | |||||
| EBT | 493 | 426 | 425 | 325 | 396 | 494 | 447 | 549 | 500 | 681 | |||||
| EBT margin, % | 14.05 | 11.57 | 11.57 | 9.76 | 11.45 | 12.33 | 11.30 | 14.28 | 11.51 | 14.66 | |||||
| Net income | 322 | 350 | 330 | 248 | 306 | 384 | 346 | 423 | 397 | 531 | |||||
| Depreciation | 75 | 80 | 88 | 101 | 100 | 95 | 93 | 91 | 133 | 156 | |||||
| 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 | ||||
| Earnings | 7.46 | 8.54 | 8.32 | 6.29 | 8.44 | 11.23 | 10.88 | 13.68 | 12.85 | 17.49 | |||||
| Cash flow | 7.81 | 8.59 | 12.46 | 12.80 | 11.26 | 9.25 | 18.18 | 20.05 | 19.49 | 27.17 | |||||
| Capex | (1.43) | (1.07) | (1.33) | (1.39) | (1.08) | (1.39) | (2.10) | (2.07) | (2.22) | (2.56) | |||||
| Free cash flow | 6.38 | 7.53 | 11.13 | 11.41 | 10.19 | 7.86 | 16.08 | 17.98 | 17.27 | 24.61 | |||||
| Book value | 38.65 | 41.98 | 48.34 | 53.92 | 56.35 | 55.93 | 63.37 | 77.02 | 88.30 | 97.89 | |||||
| Shares, m | 43 | 41 | 40 | 39 | 36 | 34 | 32 | 31 | 31 | 30 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 23.64 | 17.83 | 14.55 | 17.35 | 21.74 | 14.52 | 14.81 | 17.96 | 25.94 | 18.94 | ||||
| P/S | 2.17 | 1.70 | 1.31 | 1.30 | 1.93 | 1.40 | 1.30 | 1.98 | 2.37 | 2.14 | |||||
| P/B | 4.57 | 3.64 | 2.51 | 2.03 | 3.27 | 2.93 | 2.55 | 3.20 | 3.77 | 3.49 | |||||
| EV/Sales | 2.19 | 1.76 | 1.28 | 1.25 | 1.94 | 1.47 | 1.33 | 1.89 | 2.50 | 2.15 | |||||
| EV/FCF | 27.89 | 21.04 | 10.66 | 9.23 | 18.17 | 21.93 | 10.26 | 13.10 | 20.37 | 13.37 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 337 | 352 | 495 | 505 | 409 | 316 | 578 | 619 | 601 | 826 | ||||
| Capex | (62) | (44) | (53) | (55) | (39) | (48) | (67) | (64) | (68) | (78) | |||||
| Free cash flow | 275 | 308 | 442 | 450 | 370 | 269 | 511 | 555 | 533 | 748 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 645 | 528 | 846 | 822 | 852 | 732 | 800 | 1,184 | 806 | 762 | ||||
| Total debt | 357 | 357 | 357 | 401 | 510 | 513 | 496 | 496 | 897 | 697 | |||||
| Net debt | 46 | 228 | (104) | (160) | 19 | 290 | 98 | (350) | 474 | 61 | |||||
| Shareholders’ equity | 1,666 | 1,717 | 1,919 | 2,128 | 2,045 | 1,912 | 2,015 | 2,379 | 2,725 | 2,974 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 11.00 | 11.87 | 10.73 | 7.45 | 8.67 | 10.89 | 10.05 | 11.70 | 9.26 | 11.04 | ||||
| ROIC | 19.26 | 14.81 | 15.94 | 11.24 | 12.95 | 14.47 | 14.00 | 17.04 | 11.02 | 14.70 | |||||
| ROE | 19.35 | 20.67 | 18.18 | 12.27 | 14.68 | 19.41 | 17.62 | 19.23 | 15.54 | 0.00 | |||||
Negative figures in brackets.
Fiscal years to Aug 2026 · latest quarter Aug 2026 · fundamentals updated 2 Oct 2026
Charts ten years each
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 | $24.6B | 27.2× | 25.2× | +15.33% (above 0%: growing) | −0.87% (below 0%: shrinking) | −3.58% (below 0%: shrinking) | 35.81% | 20.36% | Compare |
| NVT nVent Electric PLC | $23.6B | 38.5× | 31.3× | +52.77% (above 0%: growing) | +95.59% (above 0%: growing) | +579.29% (above 0%: growing) | 37.93% | 20.44% | Compare |
| AEIS Advanced Energy Industries, Inc. | $10.1B | 41.2× | 28.3× | +30.03% (above 0%: growing) | +107.46% (above 0%: growing) | +107.60% (above 0%: growing) | 41.13% | 16.57% | Compare |
| AYI Acuity, Inc. | $9.0B | 17.3× | 17.5× | +2.92% (above 0%: growing) | +55.64% (above 0%: growing) | +61.06% (above 0%: growing) | 53.85% | 18.24% | |
| ENS Enersys | $6.2B | 17.6× | 15.1× | +4.77% (above 0%: growing) | +115.54% (above 0%: growing) | +881.05% (above 0%: growing) | 33.49% | 16.18% | Compare |
| POWL Powell Industries, Inc. | $6.2B | 31.5× | 30.8× | +8.90% (above 0%: growing) | +7.25% (above 0%: growing) | +121.73% (above 0%: growing) | 30.57% | 20.55% | Compare |
| ATKR Atkore Inc. | $3.2B | — (loss-making) | — (loss-making) | +8.13% (above 0%: growing) | −98.41% (below 0%: shrinking) | −1,006.00% (below 0%: shrinking) | 22.18% | 8.05% | Compare |
| HAYW Hayward Holdings, Inc. | $2.5B | 15.7× | 16.4× | +6.27% (above 0%: growing) | 0.00% | +66.86% (above 0%: growing) | 48.70% | 23.87% | Compare |
| PLUG Plug Power, Inc. | $2.1B | — (loss-making) | — (loss-making) | +2.49% (above 0%: growing) | n/m | +56.89% (above 0%: growing) | (0.94%) | (35.96%) | Compare |
| Median of peers | $6.2B | 29.3× | 26.8× | +8.52% | +7.25% | +87.23% | 34.65% | 18.46% |
Acuity, Inc. (AYI) key facts
- Strength: Acuity, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $4.6 billion, up 6.82% from fiscal 2025.
- Strength: Net income was $531.3 million, or $17.49 per share (basic), a net margin of 11.5%.
- Acuity, Inc. (AYI) is an Electrical Equipment & Parts company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, AYI traded at $303.25, a market capitalization of $9.0 billion.
- At that price the stock trades at 17.3× trailing-twelve-month earnings and 2.0× sales; its P/E is higher than 38% of its own readings over the past ten years.
- Acuity, Inc. pays an annual dividend of $0.80 per share, a yield of 0.26%, with a payout ratio of 4.68%.
- Return on equity was 0.00% and debt-to-equity 0.23.
- Its Piotroski F-score is 7 out of 9 for fiscal 2026.