LCII Financials Lci Industries

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 41 d ago Overview →

Growth & profitability

Revenue has grown 8.1% per year over the past 5 years.
Net income has grown slower than revenue (3.5% vs 8.1% per year).
Operating margin has contracted, at 6.8% in the latest year.
Free cash flow has grown 9.8% per year over the past 5 years.

Financial health

Total debt ($945M) exceeds cash ($223M); net debt is $723M.
Total debt has grown slower than revenue (5.1% vs 8.1% per year).
Operating income covered interest expense 7.8× in the latest year.
Total debt is 2.4× EBITDA.

Shareholder returns

Dividends have been paid for 11 consecutive years, consuming 60.6% of earnings and 41.0% of free cash flow.
The dividend has grown 10.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$4.1B	$188M	23.8%	6.8%	13.8%	5.9%	$278M	$945M	$223M
2024	$3.7B	$143M	23.5%	5.8%	10.3%	4.9%	$328M	$757M	$166M
2023	$3.8B	$64M	20.5%	3.3%	4.7%	2.2%	$465M	$847M	$66M
2022	$5.2B	$395M	24.5%	10.6%	28.6%	12.2%	$472M	$1.1B	$47M
2021	$4.5B	$288M	23.3%	8.9%	26.3%	8.8%	-$210M	$1.3B	$63M
2020	$2.8B	$158M	25.3%	8.0%	17.4%	6.9%	$174M	$738M	$52M
2019	$2.4B	$147M	22.7%	8.4%	18.3%	7.9%	$211M	$631M	$35M
2018	$2.5B	$149M	21.0%	8.0%	21.0%	11.9%	$37M	$294M	$15M
2017	$2.1B	$133M	23.0%	10.0%	20.4%	14.0%	$65M	$50M	$26M
2016	$1.7B	$130M	25.5%	12.0%	23.6%	16.5%	$157M	$50M	$86M
2015	—	$74M	—	—	17.0%	11.9%	$66M	$50M	$12M
2014	—	$62M	—	—	15.8%	11.4%	$65M	$16M	$4000
2013	—	$50M	—	—	16.0%	11.1%	$50M	$0	$66M
2012	—	$37M	—	—	13.1%	10.0%	$41M	—	$10M
2011	—	$30M	—	—	10.8%	8.6%	$13M	—	$7M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$969M	$67M	31.1%	9.9%	4.7%	2.1%	$185M	$853M	$217M
Mar '26	$1.1B	$63M	25.1%	8.7%	4.5%	2.0%	-$43M	$945M	$142M
Dec '25	$933M	$19M	22.1%	3.8%	1.4%	0.6%	$64M	$945M	$223M
Sep '25	$1.0B	$62M	24.4%	7.3%	4.6%	2.0%	$81M	$948M	$200M
Jun '25	$1.1B	$58M	24.4%	7.9%	4.2%	1.8%	$99M	$948M	$192M
Mar '25	$1.0B	$49M	24.1%	7.8%	3.6%	1.6%	$34M	$938M	$231M
Dec '24	$803M	$10M	21.1%	2.0%	0.7%	0.3%	$96M	$757M	$166M
Sep '24	$915M	$36M	24.0%	5.9%	2.5%	1.2%	$68M	$823M	$161M
Jun '24	$1.1B	$61M	25.3%	8.6%	4.4%	2.0%	$180M	$830M	$130M
Mar '24	$968M	$37M	23.1%	6.0%	2.7%	1.2%	-$16M	$855M	$23M
Dec '23	$838M	-$2M	19.2%	0.3%	-0.2%	-0.1%	$126M	$847M	$66M
Sep '23	$959M	$26M	22.0%	4.8%	1.9%	0.9%	$100M	$909M	$31M
Jun '23	$1.0B	$33M	21.5%	5.4%	2.4%	1.1%	$182M	$943M	$22M
Mar '23	$973M	$7M	19.1%	2.1%	0.5%	0.2%	$58M	$1.1B	$23M
Dec '22	$894M	-$17M	16.4%	-2.6%	-1.2%	-0.5%	$90M	$1.1B	$47M
Sep '22	$1.1B	$61M	22.4%	7.7%	4.3%	1.9%	$105M	$1.1B	$23M
Jun '22	$1.5B	$155M	26.6%	14.2%	11.1%	4.4%	$184M	$1.1B	$55M
Mar '22	$1.6B	$196M	28.2%	16.4%	15.6%	5.4%	$93M	$1.3B	$55M
Dec '21	$1.2B	$82M	24.1%	9.4%	7.5%	2.5%	-$149M	$1.3B	$63M
Sep '21	$1.2B	$63M	21.6%	7.6%	6.1%	2.1%	-$43M	$1.1B	$73M

Valuation over time

How the market has priced LCII 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 6.8× (Mar '23) to 13.1× (Sep '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 0.6× (Sep '26).
The dividend yield has risen from 3.8% (Mar '23) to 4.6% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is LCII growing its revenue and profit?

Over the past 5 years, Lci Industries's revenue has grown 8.1% per year, and net income grown 3.5% per year. These are computed facts, not advice.

How much debt does LCII have?

As of FY2025, Lci Industries reported $945M of total debt against $223M of cash; operating income covered interest expense 7.8×.

What is LCII's profit margin?

In FY2025, gross margin was 23.8%, operating margin 6.8%, and net margin 4.6%.

What is LCII's P/E ratio?

As of Sep '26, Lci Industries traded at a price-to-earnings ratio of about 13.1× (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.