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 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 13.2× (Nov '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 0.6× (Nov '26).
The dividend yield has risen from 3.8% (Mar '23) to 4.6% (Nov '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?
Lci Industries's P/E (TTM) is 11.74 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the LCII stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 13.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.