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Lindsay Corporation

LNN Industrials Farm & Heavy Construction Machinery

Lindsay Corporation’s revenue for fiscal 2026 (year ended August 2026) was $635.9 million, down 5.99% from fiscal 2025.

Revenue
+5.21%
EPS
+11.0%
Free cash flow
−20.4%
Total debt
−0.19%

Quarter to August 2026, against a year earlier

106.96 2.43 −2.22%
Market cap
$1.1B
P/E
20.0×
Fwd P/E
20.6×
Dividend yield
1.39%
F-score
5/9
Altman Z
5.19
Beneish M
−2.54
Dividend safety
97/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 3.34%

Capital & Financial Ratios $m

Size
Market Cap 1,090.00
Revenue ttm 635.86
Net income ttm 55.65
Free cash flow ttm 34.75
Net debt Q (75.01)
Valuation
P/E 19.99
Forward P/E 20.60
Price / sales 1.75
Forward P/S Powerpack
Price / FCF 32.00
Price / book 2.20
Financial health
Current ratio Q 3.15 (at or above 1.5: strong)
Debt / equity Q 0.23 (at or below 0.5: strong)
Interest coverage Q 7.61
Growth
Revenue growth Q +5.21% (above 0%: growing)
Operating income growth Q +39.46% (above 0%: growing)
EPS, this year −2.21% (below 0%: weak)
EPS, next year A +14.45%
Revenue, next year A −7.65% (below 0%: weak)
EPS, past 5 yrs +6.56%
EPS, next 5 yrs A +5.68%

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 1.6×, against a ten-year median of 2.0×; over the ten years it ranged from 1.4× in 2016 to 3.6× in 2021.
P/E against its own 10 years 21.23%
10-year low 10-year high
P/S against its own 10 years 13.49%
10-year low 10-year high
P/B against its own 10 years 0.70%
10-year low 10-year high
EV/Sales against its own 10 years 8.80%
10-year low 10-year high
EV/FCF against its own 10 years 41.90%
10-year low 10-year high

Dividends raised every year since 2018

Yield
1.39%
Annual rate
1.49
Payout ratio
28.0%
Growth, 2018–26
+2.62%/yr
  1. 1.22 ’18
  2. 1.24 ’19 +2
  3. 1.27 ’20 +2
  4. 1.31 ’21 +3
  5. 1.34 ’22 +2
  6. 1.38 ’23 +3
  7. 1.42 ’24 +3
  8. 1.46 ’25 +3
  9. 1.50 ’26 +3
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 166 191 251 190
Receivables 145 117 113 111
Inventory 156 154 137 135
Other 20 31 32 35
487 493 533 472
2023 2024 2025 2026
Payables 44 37 49 57
ST’ Debt 0 0 0 —
Other 92 88 95 93
136 126 144 150

Compound Annual Growth %

10y 5y 3y
Sales 2.10% 2.30% (1.93%)
Cash Flow 8.50% 11.25% (14.46%)
Earnings 10.63% 5.50% (8.39%)
Book Value 7.23% 8.36% 3.53%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY26 Estimate 0.98 Actual 1.10

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY25 1.46 1.54 Beat by 0.08
Q2 FY26 1.60 1.15 Miss by 0.45
Q3 FY26 1.41 1.53 Beat by 0.12
Q4 FY26 0.98 1.10 Beat by 0.12
Q1 FY27 1.05 — Reports 14 January 2027

EPS $

Nov Feb May Aug Year
’26 — — — — —
’26 1.54 1.15 1.53 1.10 5.33
’25 1.57 2.44 1.78 0.99 6.78
’24 1.36 1.64 1.85 1.17 6.01
’23 1.65 1.63 1.53 1.74 6.54
’22 0.72 1.32 2.28 1.62 5.94
’21 0.65 1.08 1.61 0.53 3.88
Fiscal quarters ending in the months shown.

Revenue $m

Nov Feb May Aug Year
’26 — — — — —
’26 156 158 161 162 636
’25 166 187 169 154 676
’24 161 152 139 155 607
’23 176 166 165 167 674
’22 166 200 214 190 771
’21 108 144 162 154 568
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Nov Feb May Aug Year
’26 — — — — —
’26 (1) 25 7 44 75
’25 22 12 35 64 133
’24 22 (10) 31 53 96
’23 5 3 51 61 120
’22 (24) (12) 11 28 3
’21 15 (4) 20 13 44
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Nov Feb May Aug Year
’26 — — — — —
’26 (15) 12 (1) 40 35
’25 12 3 26 50 90
’24 15 (22) 26 48 67
’23 1 0 45 55 101
’22 (27) (16) 6 25 (13)
’21 10 (15) 14 9 17
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 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 518 548 444 475 568 771 674 607 676 636 +2.3% 607 651 668 +1.7%
Gross margin, % 28.00 27.65 25.81 32.14 26.46 25.84 31.60 31.47 31.16 28.90 +0.9 pt
EBT 36 34 2 49 50 88 100 79 95 75 +8.6%
EBT margin, % 6.89 6.18 0.47 10.29 8.88 11.40 14.89 13.02 13.98 11.84 +5.0 pt
Net income 23 20 2 39 43 65 72 66 74 56 +10.2%
Per share, $
Per share, $ Revenue 48.56 50.99 41.19 43.86 52.14 70.29 61.26 55.31 62.29 61.16 +2.6%
Earnings 2.17 1.89 0.20 3.57 3.91 5.97 6.58 6.04 6.82 5.35 +10.5%
Cash flow 3.70 3.16 0.35 4.25 4.04 0.28 10.88 8.72 12.24 7.21 +7.7%
Capex (0.83) (1.03) (2.15) (1.98) (2.44) (1.42) (1.71) (2.64) (3.91) (3.86) +18.6%
Free cash flow 2.87 2.13 (1.80) 2.27 1.60 (1.14) 9.17 6.08 8.33 3.34 +1.7%
Book value 25.32 25.78 24.88 27.58 31.09 35.87 41.41 43.81 49.07 48.64 +7.5%
Shares, m 11 11 11 11 11 11 11 11 11 10 (0.3%)
Valuation, ×
Valuation, × P/E 39.89 50.94 435.45 28.07 42.24 26.91 18.86 19.75 20.06 21.48 70.4
P/S 1.78 1.88 2.11 2.28 3.16 2.28 2.03 2.15 2.20 1.88 2.2
P/B 3.42 3.72 3.50 3.62 5.30 4.47 3.00 2.72 2.79 2.36 3.5
EV/Sales 1.77 1.80 2.09 2.23 3.10 2.28 1.95 2.03 2.00 1.76 2.1
EV/FCF 30.04 43.02 (47.79) 42.97 100.96 (140.07) 13.02 18.44 14.96 32.23 10.8
Cash, $m
Cash, $m Operating cash flow 39 34 4 46 44 3 120 96 133 75 +7.4%
Capex (9) (11) (23) (21) (27) (16) (19) (29) (42) (40) +18.3%
Free cash flow 31 23 (19) 25 17 (13) 101 67 90 35 +1.4%
Balance, $m
Balance, $m Working capital 201 251 231 246 278 316 351 367 389 322 +5.4%
Net debt (5) (44) (11) (25) (31) (1) (51) (76) (136) (75) +36.2%
Shareholders’ equity 270 277 268 299 338 393 456 481 533 506 +7.2%
Returns, %
Returns, % ROA 4.67 4.03 0.43 7.21 7.05 9.71 9.94 8.80 9.25 6.72 +2.1 pt
ROIC 9.57 10.49 1.49 12.39 11.00 15.07 15.78 11.82 13.86 9.71 +0.1 pt
ROE 8.89 7.41 0.80 13.63 13.37 17.89 17.05 14.15 14.61 10.72 +1.8 pt
People
People Employees 1,410 1,412 1,069 1,125 1,235 1,262 1,209 1,280 1,275 1,083 (2.9%)
Revenue/emp, $m 0.37 0.39 0.42 0.42 0.46 0.61 0.56 0.47 0.53 0.59 +5.3%
Negative figures in brackets.
estimates

All 10 years →

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

Lindsay Corporation vs peers in Farm & Heavy Construction Machinery (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
BLBD Blue Bird Corporation $1.9B 7.0× 6.4× +29.94% (above 0%: growing) +366.38% (above 0%: growing) −58.60% (below 0%: shrinking) 19.99% 12.12% Compare
ALG Alamo Group, Inc. $1.7B 21.2× 14.7× −4.02% (below 0%: shrinking) −92.01% (below 0%: shrinking) +24.63% (above 0%: growing) 18.88% 0.85% Compare
LNN Lindsay Corporation $1.1B 20.0× 20.6× +5.21% (above 0%: growing) +11.00% (above 0%: growing) −20.40% (below 0%: shrinking) 26.92% 9.77%
AEBI Aebi Schmidt Holding AG $859.1M 35.3× 16.8× +78.73% (above 0%: growing) n/m +19.42% (above 0%: growing) 19.60% 5.45% Compare
ASTE Astec Industries, Inc. $814.2M 69.3× 22.3× +0.66% (above 0%: growing) n/m +187.80% (above 0%: growing) 23.35% (0.94%) Compare
MTW The Manitowoc Company, Inc. $781.5M 30.0× 29.9× +10.91% (above 0%: growing) +114.29% (above 0%: growing) −84.33% (below 0%: shrinking) 19.84% 5.18% Compare
HY Hyster-Yale, Inc. $483.2M — (loss-making) — (loss-making) −15.49% (below 0%: shrinking) n/m −42.79% (below 0%: shrinking) 15.00% (1.10%) Compare
CMCO Columbus McKinnon Corporation $478.2M — (loss-making) — (loss-making) +106.59% (above 0%: growing) n/m −201.82% (below 0%: shrinking) 34.84% 6.50% Compare
WNC Wabash National Corporation $452.6M — (loss-making) — (loss-making) +24.85% (above 0%: growing) n/m −128.61% (below 0%: shrinking) 3.12% (4.20%) Compare
Median of peers $797.8M 30.0× 16.8× +17.88% +114.29% −50.69% 19.72% 3.02%

All 27 Farm & Heavy Construction Machinery stocks →

Pay and ownership Proxy statement filed 21 November 2025

Ownership

Directors and executive officers, together 1.80%
BlackRock, Inc. 17.90%
The Vanguard Group 12.10%
Neuberger Berman Group LLC 7.70%
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

Lindsay Corporation (LNN) Latest News

6 Nov

Impact 3 · · Zacks

25 Oct

Impact 3 · · The Motley Fool

23 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 4 ·

22 Oct

Impact 4 · · Moby
Impact 4 · · Business Wire
Impact 4 · · Business Wire
Impact 3 · · StockStory
Impact 3 · · MarketBeat
Impact 3 · · The Motley Fool transcript
Impact 3 · · StockStory
Impact 3 · · Associated Press

21 Oct

Impact 3 · · StockStory

19 Oct

Impact 3 · · StockStory

15 Oct

Impact 3 · · Zacks

8 Oct

Impact 3 · · StockStory
Impact 3 · · StockStory

1 Sep

Impact 3 ·

9 Jul

Impact 3 · · MarketBeat

6 Jul

Impact 3 ·

3 Jul

Impact 3 · · Moby transcript

2 Jul

Impact 3 ·
Impact 3 ·
Impact 3 ·

1 Jun

Impact 3 · · Simply Wall St.

29 May

Impact 3 · · StockStory

18 May

Impact 3 · · StockStory

7 Apr

Impact 3 · · StockStory
Impact 3 · · The Motley Fool
stockrow.com/LNN · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com