LYTS Financials Lsi Industries Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Sep 6, 2026, 10:11 UTC Overview →

Growth & profitability

Revenue has grown 16.9% per year over the past 5 years.
Net income has grown faster than revenue (30.9% vs 16.9% per year).
Operating margin has expanded, at 5.6% in the latest year.
Free cash flow has grown 8.6% per year over the past 5 years.

Financial health

Total debt ($256M) exceeds cash ($14M); net debt is $242M.
Total debt has grown faster than revenue (26.3% vs 16.9% per year).
Operating income covered interest expense 6.5× in the latest year, down from 28× 5 years ago.
Total debt is 4.7× EBITDA.

Shareholder returns

Dividends have been paid for 7 consecutive years, consuming 28.8% of earnings and 16.7% of free cash flow.
The dividend has grown 4.2% 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
2026	$689M	$23M	25.1%	5.6%	6.3%	2.7%	$39M	$256M	$14M
2025	$573M	$24M	24.7%	6.2%	10.6%	6.2%	$35M	$49M	$3M
2024	$470M	$25M	28.4%	7.6%	12.2%	7.2%	$38M	$54M	$4M
2023	$497M	$26M	27.6%	7.5%	14.5%	8.7%	$46M	$35M	$2M
2022	$455M	$15M	24.0%	4.7%	10.2%	4.8%	-$6M	$80M	$2M
2021	$316M	$6M	25.0%	2.5%	4.5%	2.0%	$26M	$80M	$2M
2020	$306M	$10M	24.1%	4.3%	7.6%	5.6%	$27M	$0	$4M
2019	$329M	-$16M	22.4%	-6.0%	-13.6%	-8.1%	$9M	$40M	$966000
2018	$342M	-$20M	26.1%	-6.3%	-14.0%	-8.5%	$8M	$45M	$3M
2017	—	$3M	—	—	1.9%	1.2%	$15M	$50M	$3M
2016	—	$9M	—	—	6.1%	4.8%	$8M	—	$34M
2015	—	$5M	—	—	3.6%	2.9%	$16M	—	$26M
2014	—	$930000	—	—	0.7%	0.6%	$6M	—	$9M
2013	—	-$123000	—	—	-0.1%	-0.1%	$1M	—	$8M
2012	—	$3M	—	—	2.2%	1.8%	$21M	—	$15M

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	$235M	$7M	24.5%	6.2%	1.9%	0.8%	$10M	$256M	$14M
Mar '26	$151M	$2M	25.4%	2.7%	0.6%	0.3%	$6M	$261M	$10M
Dec '25	$147M	$6M	25.5%	6.0%	2.6%	1.6%	$23M	$28M	$6M
Sep '25	$157M	$7M	25.6%	7.0%	3.0%	1.8%	-$291000	$51M	$7M
Jun '25	$155M	$8M	26.1%	7.7%	3.5%	2.1%	$9M	$49M	$3M
Mar '25	$132M	$4M	24.8%	4.7%	1.8%	1.0%	$6M	$55M	$4M
Dec '24	$148M	$6M	23.6%	5.7%	2.6%	1.6%	$9M	$38M	$5M
Sep '24	$138M	$7M	24.4%	6.6%	3.2%	1.9%	$11M	$48M	$7M
Jun '24	$129M	$6M	26.2%	7.0%	2.8%	1.6%	$10M	$54M	$4M
Mar '24	$108M	$5M	28.8%	7.1%	2.7%	1.9%	$11M	$16M	$7M
Dec '23	$109M	$6M	28.9%	7.2%	3.1%	2.1%	$7M	$22M	$3M
Sep '23	$123M	$8M	29.6%	8.9%	4.3%	2.7%	$9M	$29M	$4M
Jun '23	$124M	$8M	29.0%	8.3%	4.7%	2.8%	$16M	$35M	$2M
Mar '23	$117M	$5M	27.4%	6.6%	2.8%	1.6%	$12M	$50M	$1M
Dec '22	$129M	$6M	26.5%	7.0%	4.0%	2.2%	$9M	$63M	$3M
Sep '22	$127M	$6M	27.3%	7.9%	4.1%	2.0%	$10M	$78M	$9M
Jun '22	$127M	$5M	25.5%	5.6%	3.5%	1.7%	$8M	$80M	$2M
Mar '22	$110M	$4M	24.3%	4.7%	2.5%	1.2%	$3M	$63M	$1M
Dec '21	$111M	$3M	22.9%	4.0%	2.2%	1.0%	-$9M	$87M	$914000
Sep '21	$106M	$3M	23.0%	4.2%	2.3%	1.0%	-$8M	$78M	$3M

Valuation over time

How the market has priced LYTS 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 fallen from 34.5× (Mar '23) to 34.3× (Nov '26).
The price-to-sales ratio has fallen from 1.1× (Mar '23) to 1.1× (Nov '26).
The dividend yield has fallen from 1.0% (Mar '23) to 0.8% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is LYTS growing its revenue and profit?

Over the past 5 years, Lsi Industries Inc's revenue has grown 16.9% per year, and net income grown 30.9% per year. These are computed facts, not advice.

How much debt does LYTS have?

As of FY2026, Lsi Industries Inc reported $256M of total debt against $14M of cash; operating income covered interest expense 6.5×.

What is LYTS's profit margin?

In FY2026, gross margin was 25.1%, operating margin 5.6%, and net margin 3.3%.

What is LYTS's P/E ratio?

Lsi Industries Inc's P/E (TTM) is 34.33 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 LYTS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 34.3× 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.