ACUITY INC. (DE) AYI
Acuity Inc. (referred to herein as "we," "our," "us," the "Company," or similar references) is a market-leading industrial technology company. We use technology to solve problems in spaces, light, and more things to come. Through our two business segments, Acuity Brands Lighting ("ABL") and Acuity Intelligent Spaces ("AIS"), we design, manufacture, and bring to market products and services that make a valuable difference in people's lives. We achieve growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions, and an audio, video, and control platform. We focus on customer outcomes and drive growth and productivity to increase market share and deliver superior returns. We look to aggressively deploy capital to grow the business and to enter attractive new verticals.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.35B | $3.84B | $3.95B | $4.01B | $3.46B | $3.33B | $3.67B | $3.68B | $3.51B | $3.29B |
| Cost of revenue | $2.27B | $2.06B | $2.24B | $2.33B | $1.99B | $1.92B | $2.19B | $2.19B | $2.02B | $1.86B |
| Gross profit | $2.08B | $1.78B | $1.71B | $1.67B | $1.48B | $1.40B | $1.48B | $1.49B | $1.48B | $1.44B |
| R&D | $140.2M | $102.3M | $97.1M | $95.1M | $88.3M | $82.0M | $74.7M | $63.9M | $52.0M | $47.1M |
| SG&A | $1.48B | $1.23B | $1.21B | $1.16B | $1.04B | $1.03B | $1.01B | $1.02B | $942.3M | $946.0M |
| Operating income | $563.9M | $553.3M | $473.4M | $509.7M | $427.6M | $353.9M | $462.9M | $460.8M | $527.5M | $475.2M |
| Interest expense | $42.5M | $25.3M | $27.9M | $27.0M | $24.2M | $26.4M | $36.4M | $35.5M | $34.1M | $33.3M |
| Pre-tax income | $500.2M | $548.6M | $446.7M | $493.9M | $396.2M | $324.7M | $424.9M | $425.9M | $492.6M | $444.6M |
| Income tax | $103.6M | $126.0M | $100.7M | $109.9M | $89.9M | $76.4M | $94.5M | $76.3M | $170.9M | $153.8M |
| Net income | $396.6M | $422.6M | $346.0M | $384.0M | $306.3M | $248.3M | $330.4M | $349.6M | $321.7M | $290.8M |
| EPS, basic | 12.85 | 13.68 | 10.88 | 11.23 | 8.44 | 6.29 | 8.32 | 8.54 | 7.46 | 6.67 |
| EPS, diluted | 12.53 | 13.44 | 10.76 | 11.08 | 8.38 | 6.27 | 8.29 | 8.52 | 7.43 | 6.63 |
| Shares, diluted (wtd. avg.) | $31.6M | $31.4M | $32.2M | $34.6M | $36.6M | $39.6M | $39.8M | $41.0M | $43.3M | $43.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $422.5M | $845.8M | $397.9M | $223.2M | $491.3M | $560.7M | $461.0M | $129.1M | $311.1M | $413.2M |
| Receivables | $593.9M | $563.0M | $555.3M | $665.9M | $571.8M | $500.3M | $561.0M | $637.9M | $573.3M | $572.8M |
| Inventory | $526.7M | $387.6M | $368.5M | $485.7M | $398.7M | $320.1M | $340.8M | $411.8M | $328.6M | $295.2M |
| Total current assets | $1.65B | $1.87B | $1.40B | $1.47B | $1.54B | $1.44B | $1.44B | $1.21B | $1.25B | $1.32B |
| Property, plant and equipment | $343.2M | $303.9M | $297.6M | $276.5M | $269.1M | $270.5M | $277.3M | $286.7M | $287.7M | $267.8M |
| Goodwill | $1.50B | $1.10B | $1.10B | $1.08B | $1.09B | $1.08B | $967.3M | $970.6M | $900.9M | $947.8M |
| Other intangibles | $1.10B | $440.5M | $481.2M | $529.2M | $573.2M | $605.9M | $466.0M | $498.7M | $448.8M | $381.4M |
| Total assets | $4.76B | $3.81B | $3.41B | $3.48B | $3.58B | $3.49B | $3.17B | $2.99B | $2.90B | $2.95B |
| Accounts payable | $454.5M | $352.3M | $285.7M | $397.8M | $391.5M | $326.5M | $338.8M | $451.1M | $395.1M | $401.0M |
| Short-term debt | — | — | $0 | $18.0M | $0 | $24.3M | $9.1M | $400.0K | $400.0K | $200.0K |
| Total current liabilities | $845.8M | $687.9M | $595.4M | $733.6M | $692.2M | $617.6M | $596.1M | $682.7M | $600.9M | $672.5M |
| Long-term debt | $896.8M | $496.2M | $495.6M | $495.0M | $494.3M | $376.8M | $347.5M | $356.4M | $356.5M | $355.0M |
| Total liabilities | $2.03B | $1.44B | $1.39B | $1.57B | $1.53B | $1.36B | $1.25B | $1.27B | $1.23B | $1.29B |
| Retained earnings | $4.29B | $3.91B | $3.51B | $3.18B | $2.81B | $2.52B | $2.30B | $2.00B | $1.66B | $1.36B |
| Total equity | $2.72B | $2.38B | $2.02B | $1.91B | $2.04B | $2.13B | $1.92B | $1.72B | $1.67B | $1.66B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $601.4M | $619.2M | $578.1M | $316.3M | $408.7M | $504.8M | $494.7M | $351.5M | $336.6M | $387.9M |
| Depreciation and amortisation | $133.1M | $91.1M | $93.2M | $94.8M | $100.1M | $101.1M | $88.3M | $80.3M | $74.6M | $62.6M |
| Stock-based compensation | $45.1M | $46.6M | $42.0M | $37.4M | $32.5M | $38.2M | $29.2M | $32.3M | $32.0M | $27.7M |
| Capital expenditure | $68.4M | $64.0M | $66.7M | $56.5M | $43.8M | $54.9M | $53.0M | $43.6M | $67.3M | $83.7M |
| Investing cash flow | -$1.28B | -$65.1M | -$90.7M | -$62.2M | -$117.9M | -$359.8M | -$53.0M | -$204.0M | -$48.8M | -$704.7M |
| Financing cash flow | $255.4M | -$104.5M | -$312.9M | -$512.4M | -$362.6M | -$50.3M | -$108.2M | -$326.7M | -$391.8M | -$22.8M |
| Dividends paid | $20.6M | $18.2M | $16.8M | $18.1M | $19.1M | $20.8M | $20.8M | $21.4M | $22.7M | $22.9M |
| Buybacks | $118.5M | $88.7M | $266.6M | $514.8M | $434.9M | $69.3M | $81.6M | $298.4M | $357.9M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001144215-25-000082.
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