LCI INDUSTRIES LCII

Consumer discretionary SIC 3714 - Motor Vehicle Parts & Accessories NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Parts Manufacturing derived NYSE

LCI Industries ("LCII" and collectively with its subsidiaries, the "Company," the "Registrant," "we," "us," or "our"), through its wholly-owned subsidiary, Lippert Components, Inc. and its subsidiaries (collectively, "Lippert Components," "LCI" or "Lippert"), is a global leader in supplying engineered components to the outdoor recreation, transportation, marine, and housing industries. In addition to serving original equipment manufacturers ("OEMs"), we also cater to aftermarket needs, selling through retail dealers, wholesale distributors, and service centers, as well as direct-to-consumer sales through online platforms.

Our operations are global in scope, supporting a diverse customer base across North America and Europe. In 2025, we generated consolidated net sales of $4.1 billion, reflecting strong demand for our broad catalog of innovative and high-quality products. Our diverse portfolio of innovative and high-quality products includes:

Last close 84.87 2026-10-23
Market cap $2.06B 2026-06-30 share count
52-week range 77.58 - 159.66

Valuation FY2025 figures against the last close

P/S0.5x
P/E11.2x
P/FCF7.4x
EV/EBITDA6.9x
Dividend yield5.5%
Diluted EPS7.57

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • OEM Segment
  • Aftermarket Segment
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 OEM Segment, FY2025: 3.2B (77.4%) 77% OEM Segment Aftermarket Segment, FY2025: 932.4M (22.6%) 23% Aftermarket Segment FY2024 OEM Segment, FY2024: 2.9B (76.5%) 76% Aftermarket Segment, FY2024: 880.8M (23.5%) 24% FY2023 OEM Segment, FY2023: 2.9B (76.7%) 77% Aftermarket Segment, FY2023: 881.1M (23.3%) 23%
Segment FY2025FY2024FY2023
OEM Segment $3.19B $2.86B $2.90B
Aftermarket Segment $932.4M $880.8M $881.1M

As the company reported it, from the “Segment Reporting (Schedule of Information Relating to Segments) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.12B$3.74B$3.78B$5.21B$4.47B$2.80B$2.37B$2.48B$2.15B$1.68B
Cost of revenue $3.14B$2.86B$3.01B$3.93B$3.43B$2.09B$1.83B$1.96B$1.65B$1.25B
Gross profit $980.3M$879.7M$776.2M$1.27B$1.04B$706.1M$539.2M$520.3M$493.1M$428.9M
SG&A $495.3M$465.0M$453.3M$720.3M$644.6M$483.2M$339.0M$321.6M$278.8M$228.1M
Operating income $279.9M$218.2M$123.4M$553.0M$398.4M$222.9M$200.2M$198.8M$214.3M$200.8M
Interest expense $35.7M$28.9M$40.4M$27.6M$16.4M$13.5M$8.8M$6.4M$1.4M$1.7M
Pre-tax income $255.1M$189.3M$83.0M$525.5M$382.0M$209.5M$191.4M$192.4M$212.8M$199.2M
Income tax $66.8M$46.5M$18.8M$130.5M$94.3M$51.0M$44.9M$43.8M$80.0M$69.5M
Net income $188.2M$142.9M$64.2M$395.0M$287.7M$158.4M$146.5M$148.6M$132.9M$129.7M
EPS, basic 7.595.612.5415.5711.396.305.865.905.315.26
EPS, diluted 7.575.602.5215.4811.326.275.845.835.245.20
Shares, diluted (wtd. avg.) 24.9M25.5M25.4M25.5M25.4M25.3M25.1M25.5M25.4M24.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $222.6M$165.8M$66.2M$47.5M$62.9M$51.8M$35.4M$14.9M$26.0M$86.2M
Receivables $243.4M$199.6M$214.7M$214.3M$319.8M$268.6M$200.0M$121.8M$82.2M$57.4M
Inventory $809.1M$736.6M$768.4M$1.03B$1.10B$493.9M$393.6M$340.6M$274.7M$188.7M
Total current assets $1.35B$1.16B$1.12B$1.39B$1.57B$869.8M$670.8M$526.7M$417.1M$367.4M
Property, plant and equipment $428.0M$432.7M$465.8M$482.2M$426.5M$387.2M$366.3M$322.9M$228.9M$172.7M
Goodwill $622.2M$585.8M$589.5M$567.1M$543.2M$454.7M$351.1M$180.2M$124.2M$89.2M
Other intangibles $402.6M$392.0M$448.8M$503.3M$520.0M$420.9M$341.4M$176.3M$130.1M$112.9M
Total assets $3.18B$2.89B$2.96B$3.25B$3.29B$2.30B$1.86B$1.24B$945.9M$786.9M
Short-term debt $3.7M$423.0K$589.0K$23.1M$71.0M$17.8M$17.9M$596.0K$0—
Total current liabilities $473.4M$412.1M$395.0M$421.3M$627.2M$416.4M$271.3M$177.6M$182.0M$149.4M
Long-term debt $941.5M$756.8M$846.8M$1.10B$1.23B$720.4M$612.9M$293.5M$49.9M$49.9M
Total liabilities $1.82B$1.51B$1.60B$1.87B$2.20B$1.39B$1.06B$537.6M$293.1M$236.6M
Retained earnings $1.28B$1.21B$1.18B$1.22B$930.8M$731.7M$644.9M$563.5M$475.5M$395.3M
Total equity $1.36B$1.39B$1.36B$1.38B$1.09B$908.3M$800.7M$706.3M$652.7M$550.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $331.0M$370.3M$527.2M$602.5M-$111.6M$231.4M$269.5M$156.6M$152.7M$201.7M
Depreciation and amortisation $121.2M$125.7M$131.8M$129.2M$112.3M$98.0M$75.4M$67.5M$54.7M$46.2M
Stock-based compensation $22.7M$18.7M$18.2M$23.7M$27.2M$18.5M$16.1M$14.1M$20.0M$15.4M
Capital expenditure $52.6M$42.3M$62.2M$130.6M$98.5M$57.3M$58.2M$119.8M$87.2M$44.7M
Investing cash flow -$147.1M-$61.1M-$83.7M-$241.8M-$281.2M-$232.3M-$503.8M-$302.8M-$145.9M-$91.7M
Financing cash flow -$125.5M-$208.2M-$426.2M-$374.9M$404.6M$14.0M$255.0M$135.1M-$66.9M-$36.1M
Dividends paid $114.0M$109.5M$106.3M$102.7M$87.2M$70.4M$63.8M$59.3M$51.1M$34.4M
Buybacks $128.6M$0$0$24.1M$0$0$0$28.7M$0$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 0000763744-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 1.7B Gross profit, FY2016: 428.9M Net income, FY2016: 129.7M Revenue, FY2017: 2.1B Gross profit, FY2017: 493.1M Net income, FY2017: 132.9M Revenue, FY2018: 2.5B Gross profit, FY2018: 520.3M Net income, FY2018: 148.6M Revenue, FY2019: 2.4B Gross profit, FY2019: 539.2M Net income, FY2019: 146.5M Revenue, FY2020: 2.8B Gross profit, FY2020: 706.1M Net income, FY2020: 158.4M Revenue, FY2021: 4.5B Gross profit, FY2021: 1B Net income, FY2021: 287.7M Revenue, FY2022: 5.2B Gross profit, FY2022: 1.3B Net income, FY2022: 395M Revenue, FY2023: 3.8B Gross profit, FY2023: 776.2M Net income, FY2023: 64.2M Revenue, FY2024: 3.7B Gross profit, FY2024: 879.7M Net income, FY2024: 142.9M Revenue, FY2025: 4.1B Gross profit, FY2025: 980.3M Net income, FY2025: 188.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.68B $2.15B $2.48B $2.37B $2.80B $4.47B $5.21B $3.78B $3.74B $4.12B
Gross profit $428.9M $493.1M $520.3M $539.2M $706.1M $1.04B $1.27B $776.2M $879.7M $980.3M
Net income $129.7M $132.9M $148.6M $146.5M $158.4M $287.7M $395.0M $64.2M $142.9M $188.2M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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