Lindsay Corporation

LNN Industrials Farm & Heavy Construction Machinery

Lindsay Corporation’s revenue for fiscal 2025 (year ended August 2025) was $676.4 million, up 11.4% from fiscal 2024. In the quarter to May 2026, revenue fell 5.13%, EPS fell 14.4%, free cash flow fell 105.4% and total debt was flat, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.

107.36 3.23 −2.92%
Market cap
$1.1B
P/E
20.5×
Fwd P/E
22.2×
Dividend yield
1.39%
F-score
7/9
Altman Z
5.85
Beneish M
−2.79
Dividend safety
97/100

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 2.42%

Capital & Financial Ratios $m

Market Cap 1,120.00
Revenue 627.86
Net Income 55.20
Free Cash Flow 44.90
Net Debt (39.85)
Current Ratio 2.93 (at or above 1.5: strong)
Debt/Equity 0.23 (at or below 0.5: strong)
P/E ratio 20.49
Fwd P/E 22.20
P/S ratio 1.76
P/B ratio 2.22
Past 5Y EPS Growth 13.75%
This Y EPS Growth (22.98%) (below 0%: weak)
Next Y EPS Growth 10.72%
Next Y revenue growth (7.65%) (below 0%: weak)
Next 5Y EPS Growth (2.21%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 24.14%
10-year low 10-year high
P/S against its own 10 years 14.78%
10-year low 10-year high
P/B against its own 10 years 0.44%
10-year low 10-year high
EV/Sales against its own 10 years 12.72%
10-year low 10-year high
EV/FCF against its own 10 years 38.72%
10-year low 10-year high

Dividends

Payout Ratio 0.29
Annual Dividend Rate 1.49
Annual Dividend Yield 1.39%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.48
0.37
0.37
0.38
2025 1.46
0.36
0.36
0.37
0.37
2024 1.42
0.35
0.35
0.36
0.36
2023 1.38
0.34
0.34
0.35
0.35
2022 1.34
0.33
0.33
0.34
0.34
2021 1.31
0.32
0.33
0.33
0.33
2020 1.27
0.31
0.32
0.32
0.32
2019 1.24
0.31
0.31
0.31
0.31
2018 1.22
0.30
0.30
0.31
0.31
2017 1.18
0.29
0.29
0.30
0.30
2016 1.14
0.28
0.28
0.29
0.29
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 166 191 251 155
Receivables 145 117 113 137
Inventory 156 154 137 146
Other 20 31 32 42
487 493 533 480
2023 2024 2025 Q'26
Payables 44 37 49 59
ST’ Debt 0 0 0 0
Other 92 88 95 105
136 126 144 164

Compound Annual Growth %

10y 5y 3y
Sales 1.90% 7.34% (4.26%)
Cash Flow 10.43% 23.62% 251.98%
Earnings 10.90% 13.90% 4.19%
Book Value 6.33% 12.29% 10.65%

Revenue $m

Nov Feb May Aug Year
’26 156 158 161 — —
’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
’20 109 114 123 128 475
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Nov Feb May Aug Year
’26 (1) 25 7 — —
’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
’20 2 (4) 18 30 46
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Nov Feb May Aug Year
’26 (15) 12 (1) — —
’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
’20 (3) (1) 11 17 25
Fiscal quarters ending in the months shown.

EPS $

Nov Feb May Aug Year
’26 1.54 1.15 1.53 — —
’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
’20 0.77 0.51 0.93 1.35 3.56
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

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 62.99 73.34 83.57 73.00 71.86 123.68 116.77 106.46 109.27 106.10

Analyst estimates 2026–2028

Powerpack
High 89.98 96.22 109.50 99.89 130.18 179.27 183.08 169.91 135.20 150.96
People
People Employees 1,366 1,410 1,412 1,069 1,125 1,235 1,262 1,209 1,280 1,275
Revenue/emp, $m 0.38 0.37 0.39 0.42 0.42 0.46 0.61 0.56 0.47 0.53
Income, $m
Income, $m Revenue 516 518 548 444 475 568 771 674 607 676
Gross margin, % 28.78 28.00 27.65 25.81 32.14 26.46 25.84 31.60 31.47 31.16
EBT 29 36 34 2 49 50 88 100 79 95
EBT margin, % 5.67 6.89 6.18 0.47 10.29 8.88 11.40 14.89 13.02 13.98
Net income 20 23 20 2 39 43 65 72 66 74
Depreciation 17 17 17 14 19 19 20 19 21 21
Per share, $
Per share, $ Revenue 47.35 48.56 50.99 41.19 43.86 52.14 70.29 61.26 55.31 62.29
Earnings 1.86 2.17 1.89 0.20 3.57 3.91 5.97 6.58 6.04 6.82
Cash flow 3.04 3.70 3.16 0.35 4.25 4.04 0.28 10.88 8.72 12.24
Capex (1.05) (0.83) (1.03) (2.15) (1.98) (2.44) (1.42) (1.71) (2.64) (3.91)
Free cash flow 1.98 2.87 2.13 (1.80) 2.27 1.60 (1.14) 9.17 6.08 8.33
Book value 23.07 25.32 25.78 24.88 27.58 31.09 35.87 41.41 43.81 49.07
Shares, m 11 11 11 11 11 11 11 11 11 11
Valuation, ×
Valuation, × P/E 38.28 39.89 50.94 435.45 28.07 42.24 26.91 18.86 19.75 20.06
P/S 1.52 1.78 1.88 2.11 2.28 3.16 2.28 2.03 2.15 2.20
P/B 3.12 3.42 3.72 3.50 3.62 5.30 4.47 3.00 2.72 2.79
EV/Sales 1.55 1.77 1.80 2.09 2.23 3.10 2.28 1.95 2.03 2.00
EV/FCF 36.93 30.04 43.02 (47.79) 42.97 100.96 (140.07) 13.02 18.44 14.96
Cash, $m
Cash, $m Operating cash flow 33 39 34 4 46 44 3 120 96 133
Capex (11) (9) (11) (23) (21) (27) (16) (19) (29) (42)
Free cash flow 22 31 23 (19) 25 17 (13) 101 67 90
Balance, $m
Balance, $m Working capital 189 201 251 231 246 278 316 351 367 389
Total debt 117 117 116 116 116 116 116 115 115 115
Net debt 14 (5) (44) (11) (25) (31) (1) (51) (76) (136)
Shareholders’ equity 252 270 277 268 299 338 393 456 481 533
Returns, %
Returns, % ROA 3.96 4.67 4.03 0.43 7.21 7.05 9.71 9.94 8.80 9.25
ROIC 8.09 9.57 10.49 1.49 12.39 11.00 15.07 15.78 11.82 13.86
ROE 7.50 8.89 7.41 0.80 13.63 13.37 17.89 17.05 14.15 14.61
Negative figures in brackets.

All 10 years →

Fiscal years to Aug 2025 · latest quarter May 2026

Charts ten years each

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
ALG Alamo Group, Inc. $1.9B 18.0× 14.3× +7.55% (above 0%: growing) −0.77% (below 0%: shrinking) +147.74% (above 0%: growing) 24.59% 10.15% Compare
BLBD Blue Bird Corporation $1.8B 6.8× 14.9× +29.94% (above 0%: growing) +366.38% (above 0%: growing) −58.60% (below 0%: shrinking) 19.99% 12.12% Compare
LNN Lindsay Corporation $1.1B 20.5× 22.2× −5.13% (below 0%: shrinking) −14.44% (below 0%: shrinking) −105.43% (below 0%: shrinking) 29.75% 11.52%
ASTE Astec Industries, Inc. $896.2M 44.4× 21.3× +23.55% (above 0%: growing) −36.99% (below 0%: shrinking) −44.57% (below 0%: shrinking) 26.17% 5.00% Compare
AEBI Aebi Schmidt Holding AG $870.7M 35.2× 16.6× +78.73% (above 0%: growing) n/m +19.42% (above 0%: growing) 19.60% 5.45% Compare
MTW The Manitowoc Company, Inc. $808.9M 38.4× 31.2× +10.27% (above 0%: growing) +875.00% (above 0%: growing) +94.02% (above 0%: growing) 20.69% 5.23% Compare
HY Hyster-Yale, Inc. $539.7M — (loss-making) — (loss-making) −15.02% (below 0%: shrinking) n/m −84.57% (below 0%: shrinking) 15.70% (2.26%) Compare
WNC Wabash National Corporation $522.3M — (loss-making) — (loss-making) −9.06% (below 0%: shrinking) n/m +174.99% (above 0%: growing) 3.67% (6.06%) Compare
TWI Titan International, Inc. $435.7M — (loss-making) — (loss-making) +5.19% (above 0%: growing) n/m +535.23% (above 0%: growing) 15.46% 2.75% Compare
Median of peers $839.8M 35.2× 16.6× +8.91% +182.81% +56.72% 19.80% 5.12%

All 27 Farm & Heavy Construction Machinery stocks →

Lindsay Corporation (LNN) key facts

  • Strength: Lindsay Corporation’s revenue for fiscal 2025 (year ended August 2025) was $676.4 million, up 11.4% from fiscal 2024.
  • Strength: Net income was $74.1 million, or $6.82 per share (basic), a net margin of 11.0%.
  • Lindsay Corporation (LNN) is a Farm & Heavy Construction Machinery company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, LNN traded at $107.36, a market capitalization of $1.1 billion.
  • At that price the stock trades at 20.5× trailing-twelve-month earnings and 1.8× sales; its P/E is higher than 24% of its own readings over the past ten years.
  • Lindsay Corporation pays an annual dividend of $1.49 per share, a yield of 1.39%, with a payout ratio of 28.6%.
  • Return on equity was 14.6% and debt-to-equity 0.23.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 5.85 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Lindsay Corporation (LNN) Latest News

30 Oct

stockrow.com/LNN · Data as of May 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com