Pricing Log in Create free account
Monday 2 November 2026 Export LCII’s income statement to Excel — free account

LCI Industries

LCII Consumer Cyclical Recreational Vehicles

LCI Industries' revenue for fiscal 2025 (year ended December 2025) was $4.1 billion, up 10.2% from fiscal 2024.

Revenue
−12.5%
EPS
+20.5%
Free cash flow
+88.0%
Total debt
−10.1%

Quarter to June 2026, against a year earlier

102.24 3.26 +3.29%
Market cap
$2.4B
P/E
11.8×
Fwd P/E
11.8×
Dividend yield
4.50%
F-score
8/9
Altman Z
3.48
Beneish M
−2.54
Dividend safety
72/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 13.14
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 3 — — — — — — — — —
Insider Ownership 7.63%

Capital & Financial Ratios $m

Size
Market Cap 2,410.00
Revenue ttm 4,028.37
Net income ttm 211.27
Free cash flow ttm 311.79
Net debt Q 636.08
Valuation
P/E 11.77
Forward P/E 11.80
Price / sales 0.62
Forward P/S Powerpack
Price / FCF 7.97
Price / book 1.74
Financial health
Current ratio Q 2.49 (at or above 1.5: strong)
Debt / equity Q 0.60
Interest coverage Q 15.19
Growth
Revenue growth Q −12.52% (below 0%: shrinking)
Operating income growth Q +9.29% (above 0%: growing)
EPS, this year +12.56%
EPS, next year A +9.65%
Revenue, next year A −3.32% (below 0%: weak)
EPS, past 5 yrs +3.84%
EPS, next 5 yrs A +10.48%

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 0.8×, against a ten-year median of 1.0×; over the ten years it ranged from 0.6× in 2022 to 1.7× in 2017.
P/E against its own 10 years 14.57%
10-year low 10-year high
P/S against its own 10 years 16.08%
10-year low 10-year high
P/B against its own 10 years 7.27%
10-year low 10-year high
EV/Sales against its own 10 years 12.41%
10-year low 10-year high
EV/FCF against its own 10 years 25.24%
10-year low 10-year high

Dividends raised every year since 2016

Yield
4.50%
Annual rate
4.60
Payout ratio
53.5%
Growth, 2016–25
+14.1%/yr
  1. 1.40 ’16
  2. 2.05 ’17 +46%
  3. 2.35 ’18 +15%
  4. 2.55 ’19 +9%
  5. 2.80 ’20 +10%
  6. 3.45 ’21 +23%
  7. 4.05 ’22 +17%
  8. 4.20 ’23 +4%
  9. 4.30 ’24 +2%
  10. 4.60 ’25 +7%
  11. 4.65 ’26e +1%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 66 166 223 217
Receivables 215 200 243 383
Inventory 768 737 809 769
Other — — — —
1,117 1,160 1,350 1,485
2023 2024 2025 Q'26
Payables 184 188 202 209
ST’ Debt 1 0 4 4
Other — — — —
395 412 473 597

Compound Annual Growth %

10y 5y 3y
Sales 11.38% 8.07% (7.49%)
Cash Flow 13.29% 7.42% (18.10%)
Earnings 9.74% 3.51% (21.89%)
Book Value 11.99% 8.42% (0.49%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 2.63 Actual 2.70

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.46 1.97 Beat by 0.51
Q4 FY25 0.69 0.89 Beat by 0.20
Q1 FY26 2.22 2.59 Beat by 0.37
Q2 FY26 2.63 2.70 Beat by 0.07
Q3 FY26 2.06 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 2.53 2.75 — — —
’25 1.94 2.29 2.55 0.77 7.57
’24 1.44 2.40 1.39 0.37 5.60
’23 0.29 1.31 1.02 (0.09) 2.52
’22 7.71 6.06 2.40 (0.68) 15.48
’21 2.93 2.67 2.49 3.22 11.32
’20 1.12 0.52 2.70 1.92 6.27
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,091 969 — — —
’25 1,046 1,107 1,036 933 4,122
’24 968 1,055 915 803 3,741
’23 973 1,015 959 838 3,785
’22 1,645 1,536 1,132 894 5,207
’21 1,000 1,094 1,165 1,213 4,473
’20 660 526 828 783 2,796
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (33) 204 — — —
’25 43 112 97 79 331
’24 (8) 193 78 107 370
’23 75 199 116 138 527
’22 135 213 138 117 603
’21 5 19 (12) (124) (112)
’20 45 57 110 19 231
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (43) 187 — — —
’25 34 99 104 64 301
’24 (16) 180 68 96 328
’23 58 182 100 126 465
’22 93 184 105 90 472
’21 (16) (2) (43) (149) (210)
’20 37 51 96 (10) 174
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,679 2,148 2,476 2,371 2,796 4,473 5,207 3,785 3,741 4,122 4,028 +10.5% 3,985 4,141 4,096 (0.2%)
Gross margin, % 25.55 22.96 21.02 22.74 25.25 23.32 24.45 20.51 23.51 23.78 25.65 (1.8) pt
EBT 199 213 192 191 209 382 525 83 189 255 285 +2.8%
EBT margin, % 11.86 9.91 7.77 8.07 7.49 8.54 10.09 2.19 5.06 6.19 7.08 (5.7) pt
Net income 130 133 149 147 158 288 395 64 143 188 211 +4.2%
Per share, $
Per share, $ Revenue 68.16 85.84 98.33 94.87 111.25 177.09 205.23 149.57 147.02 166.19 165.68 +10.4%
Earnings 5.26 5.31 5.90 5.86 6.30 11.39 15.57 2.54 5.61 7.59 8.69 +4.2%
Cash flow 8.19 6.10 6.22 10.78 9.21 (4.42) 23.75 20.84 14.55 13.34 14.24 +5.6%
Capex (1.81) (3.49) (4.76) (2.33) (2.28) (3.90) (5.15) (2.46) (1.66) (1.21) (1.42) (4.4%)
Free cash flow 6.37 2.62 1.46 8.45 6.93 (8.32) 18.60 18.38 12.89 12.14 12.82 +7.4%
Book value 22.34 26.09 28.05 32.03 36.14 43.27 54.43 53.55 54.50 54.87 58.89 +10.5%
Shares, m 25 25 25 25 25 25 25 25 25 25 24 +0.1%
Valuation, ×
Valuation, × P/E 22.19 24.70 11.34 18.28 20.58 13.67 6.08 49.52 18.43 16.05 11.77 20.1
P/S 1.71 1.53 0.68 1.13 1.17 0.88 0.46 0.84 0.70 0.73 0.62 1.0
P/B 5.21 5.04 2.38 3.34 3.59 3.60 1.74 2.35 1.90 2.21 1.74 3.1
EV/Sales 1.69 1.54 0.79 1.38 1.41 1.16 0.67 1.05 0.86 0.91 0.78 1.1
EV/FCF 18.05 50.57 53.32 15.49 22.67 (24.64) 7.35 8.52 9.83 12.40 10.01 17.4
Cash, $m
Cash, $m Operating cash flow 202 153 157 270 231 (112) 603 527 370 331 346 +5.7%
Capex (45) (87) (120) (58) (57) (99) (131) (62) (42) (30) (34) (4.3%)
Free cash flow 157 65 37 211 174 (210) 472 465 328 301 312 +7.5%
Balance, $m
Balance, $m Working capital 218 235 349 400 453 940 969 722 748 876 887 +16.7%
Net debt (36) 24 279 595 686 1,240 1,071 781 591 723 636 n/m
Shareholders’ equity 550 653 706 801 908 1,093 1,381 1,355 1,387 1,361 1,432 +10.6%
Returns, %
Returns, % ROA 18.40 15.34 13.57 9.43 7.62 10.30 12.09 2.07 4.88 6.20 6.56 (12.2) pt
ROIC 24.42 19.79 12.61 8.96 8.74 10.67 14.09 3.61 6.89 8.40 9.13 (16.0) pt
ROE 26.23 22.09 21.86 19.44 18.54 28.76 31.93 4.69 10.42 13.70 15.00 (12.5) pt
People
People Employees 7,654 9,852 10,260 10,500 12,400 13,900 12,900 11,700 11,500 12,300 — +5.4%
Revenue/emp, $m 0.22 0.22 0.24 0.23 0.23 0.32 0.40 0.32 0.33 0.34 — +4.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

LCI Industries vs peers in Recreational Vehicles (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
BC Brunswick Corporation $4.9B 24.4× 19.1× +6.89% (above 0%: growing) n/m +0.80% (above 0%: growing) 28.32% 7.15% Compare
DOO BRP Inc. $4.4B 55.4× — +16.59% (above 0%: growing) n/m +116.16% (above 0%: growing) 11.74% (2.24%) Compare
THO Thor Industries, Inc. $3.8B 23.3× 20.2× −8.41% (below 0%: shrinking) −66.96% (below 0%: shrinking) −26.73% (below 0%: shrinking) 12.36% 2.19% Compare
PII Polaris Inc. $3.4B — (loss-making) 28.3× +10.91% (above 0%: growing) n/m −33.49% (below 0%: shrinking) 21.17% 3.59% Compare
HOG Harley-Davidson, Inc. $3.3B — (loss-making) 39.8× −19.25% (below 0%: shrinking) −87.35% (below 0%: shrinking) −53.23% (below 0%: shrinking) 25.97% 3.45% Compare
PATK Patrick Industries, Inc. $2.5B 19.8× 18.8× −0.04% (below 0%: shrinking) −38.64% (below 0%: shrinking) −49.38% (below 0%: shrinking) 23.57% 5.11% Compare
LCII LCI Industries $2.4B 11.8× 11.8× −12.52% (below 0%: shrinking) +20.52% (above 0%: growing) +88.04% (above 0%: growing) 31.09% 9.91%
WGO Winnebago Industries, Inc. $871.7M 26.6× 20.4× −17.01% (below 0%: shrinking) −30.61% (below 0%: shrinking) +155.68% (above 0%: growing) 12.51% 2.73% Compare
MCFT MASTERCRAFT BOAT HOLDINGS, INC. $520.6M — (loss-making) 12.7× +63.41% (above 0%: growing) n/m −18.29% (below 0%: shrinking) 22.56% (4.86%) Compare
Median of peers $3.3B 24.4× 20.2× +3.43% −52.80% −22.51% 21.87% 3.09%

All 18 Recreational Vehicles stocks →

Pay and ownership Proxy statement filed 27 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.09m 13.18m 112.00
2024 10.16m 8.93m 91.00
2023 8.64m 6.52m 107.00
2022 10.53m (2.92m) 76.00
2021 10.99m 24.64m 123.00

Ownership

Directors and executive officers, together 3.30%
50 Hudson Yards 15.40%
100 Vanguard Boulevard 11.50%
2000 Avenue of the Stars, Suite 9.60%
245 Summer Street 6.40%
6300 Bee Cave Road, Building One 5.50%
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

LCI Industries (LCII) Latest News

31 Oct

Impact 3 · · Simply Wall St.

30 Oct

Impact 4 · · Business Wire

29 Oct

Impact 4 · · MarketBeat

28 Oct

Impact 4 · · PR Newswire
Impact 3 · · Investing.com
Impact 3 · · Business Wire

21 Oct

Impact 4 · · Business Wire

15 Oct

Impact 4 · · Simply Wall St.

16 Sep

Impact 3 ·

15 Sep

Impact 3 ·

12 Aug

Impact 4 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 3 ·

5 Aug

Impact 3 · · Moby
Impact 3 ·
Impact 3 ·
Impact 3 ·

2 Jul

Impact 4 ·

30 Jun

Impact 5 · · elkharttruth.com
Impact 5 ·
Impact 5 ·

5 Jun

Impact 3 · · goshennews.com

4 Jun

Impact 3 · · Business Wire

11 May

Impact 4 · · MarketBeat

10 May

Impact 4 · · Simply Wall St.

7 May

Impact 4 · · Simply Wall St.

6 May

Impact 4 · · The Motley Fool transcript
Impact 3 · · Moby

5 May

Impact 4 · · Zacks
Impact 4 · · Zacks
stockrow.com/LCII · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com