15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 5.5% per year over the past 5 years.
Net income has grown faster than revenue (9.8% vs 5.5% per year).
Operating margin has expanded, at 13.0% in the latest year.
Free cash flow has grown 3.4% per year over the past 5 years.
Financial health
Total debt ($897M) exceeds cash ($423M); net debt is $474M.
Total debt has grown faster than revenue (17.5% vs 5.5% per year).
Operating income covered interest expense 13× in the latest year.
Total debt is 1.3× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 5.2% of earnings and 3.9% of free cash flow.
The dividend has declined 0.2% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4.3B
$397M
47.8%
13.0%
$533M
$897M
$423M
2024
$3.8B
$423M
46.4%
14.4%
$555M
$496M
$846M
2023
$4.0B
$346M
43.3%
12.0%
$511M
$496M
$398M
2022
$4.0B
$384M
41.8%
12.7%
$260M
$513M
$223M
2021
$3.5B
$306M
42.6%
12.4%
$365M
$494M
$491M
2020
$3.3B
$248M
42.2%
10.6%
$450M
$401M
$561M
2019
$3.7B
$330M
40.3%
12.6%
$442M
$357M
$461M
2018
$3.7B
$350M
40.4%
12.5%
$308M
$357M
$129M
2017
$3.5B
$322M
42.3%
15.0%
$269M
$357M
$311M
2016
—
$291M
—
—
$304M
$355M
$413M
2015
—
$222M
—
—
$232M
$352M
$757M
2014
—
$176M
—
—
$198M
$352M
$553M
2013
—
$127M
—
—
$92M
$354M
$359M
2012
—
$116M
—
—
$141M
$354M
$285M
2011
—
$106M
—
—
$138M
$353M
$170M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
May '26
$1.2B
$141M
50.6%
16.1%
$274M
$697M
$412M
Feb '26
$1.1B
$97M
49.3%
12.6%
$73M
$697M
$273M
Nov '25
$1.1B
$121M
48.4%
14.0%
$115M
$797M
$376M
Aug '25
$1.2B
$114M
48.9%
14.9%
$178M
$897M
$423M
May '25
$1.2B
$98M
48.4%
11.9%
$192M
$997M
$372M
Feb '25
$1.0B
$78M
46.5%
11.0%
$50M
$1.1B
$398M
Nov '24
$952M
$107M
47.2%
14.0%
$113M
$496M
$936M
Aug '24
$1.0B
$119M
47.3%
15.2%
$151M
$496M
$846M
May '24
$968M
$114M
46.7%
15.0%
$141M
$496M
$699M
Feb '24
$906M
$89M
45.5%
13.0%
$88M
$496M
$579M
Nov '23
$935M
$101M
45.8%
14.2%
$175M
$496M
$513M
Aug '23
$1.0B
$83M
43.8%
10.9%
$88M
$496M
$398M
May '23
$1.0B
$105M
44.7%
14.3%
$153M
$495M
$359M
Feb '23
$944M
$83M
43.1%
11.8%
$102M
$495M
$339M
Nov '22
$998M
$75M
41.7%
10.9%
$168M
$495M
$284M
Aug '22
$1.1B
$115M
41.7%
13.5%
$132M
$513M
$223M
May '22
$1.1B
$106M
42.0%
13.5%
$25M
$617M
$318M
Feb '22
$909M
$75M
41.7%
11.3%
$29M
$495M
$476M
Nov '21
$926M
$88M
41.7%
12.4%
$74M
$495M
$504M
Aug '21
$993M
$98M
42.2%
13.4%
$79M
$494M
$491M
Valuation over time
How the market has priced AYI against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 14.2× (Mar '23) to 27.2× (Jun '26).
The price-to-sales ratio has risen from 1.4× (Mar '23) to 2.5× (Jun '26).
The dividend yield has fallen from 0.3% (Mar '23) to 0.2% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is AYI growing its revenue and profit?
Over the past 5 years, Acuity Inc. (De)'s revenue has grown 5.5% per year, and net income grown 9.8% per year. These are computed facts, not advice.
How much debt does AYI have?
As of FY2025, Acuity Inc. (De) reported $897M of total debt against $423M of cash; operating income covered interest expense 13×.
What is AYI's profit margin?
In FY2025, gross margin was 47.8%, operating margin 13.0%, and net margin 9.1%.
What is AYI's P/E ratio?
As of Jun '26, Acuity Inc. (De) traded at a price-to-earnings ratio of about 27.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.