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Stocks · Consumer discretionary · Motor Vehicle Parts & Accessories

LCI INDUSTRIES

LCII Clue Score32
United States Fiscal year ends December CIK 0000763744
$79.14 +1.07% Close, 12 Oct 2026
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Price $79.14 −42.78% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1,678.9Operating income200.9Net income129.7EPS, diluted5.20Fiscal year 2017Revenue2,147.8 +27.9%Operating income214.3Net income132.9 +2.5%EPS, diluted5.24 +0.8%Fiscal year 2018Revenue2,475.8 +15.3%Operating income198.8Net income148.6 +11.8%EPS, diluted5.83 +11.3%Fiscal year 2019Revenue2,371.5 −4.2%Operating income200.2Net income146.5 −1.4%EPS, diluted5.84 +0.2%Fiscal year 2020Revenue2,796.2 +17.9%Operating income222.9Net income158.4 +8.1%EPS, diluted6.27 +7.4%Fiscal year 2021Revenue4,472.7 +60.0%Operating income398.4Net income287.7 +81.6%EPS, diluted11.32 +80.5%Fiscal year 2022Revenue5,207.1 +16.4%Operating income553.0Net income395.0 +37.3%EPS, diluted15.48 +36.7%Fiscal year 2023Revenue3,784.8 −27.3%Operating income123.4Net income64.2 −83.7%EPS, diluted2.52 −83.7%Fiscal year 2024Revenue3,741.2 −1.2%Operating income218.2Net income142.9 +122.6%EPS, diluted5.60 +122.2%Fiscal year 2025Revenue4,122.0 +10.2%Operating income279.9Net income188.3 +31.8%EPS, diluted7.57 +35.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1,678.9 2,147.8 2,475.8 2,371.5 2,796.2 4,472.7 5,207.1 3,784.8 3,741.2 4,122.0
Growth +27.9% +15.3% −4.2% +17.9% +60.0% +16.4% −27.3% −1.2% +10.2%
Operating income 200.9 214.3 198.8 200.2 222.9 398.4 553.0 123.4 218.2 279.9
Net income 129.7 132.9 148.6 146.5 158.4 287.7 395.0 64.2 142.9 188.3
Growth +2.5% +11.8% −1.4% +8.1% +81.6% +37.3% −83.7% +122.6% +31.8%
EPS, diluted 5.20 5.24 5.83 5.84 6.27 11.32 15.48 2.52 5.60 7.57
Growth +0.8% +11.3% +0.2% +7.4% +80.5% +36.7% −83.7% +122.2% +35.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin25.5%Operating margin12.0%Net margin7.7%Free cash flow margin9.4%Fiscal year 2017Gross margin23.0%Operating margin10.0%Net margin6.2%Free cash flow margin3.0%Fiscal year 2018Gross margin21.0%Operating margin8.0%Net margin6.0%Free cash flow margin1.5%Fiscal year 2019Gross margin22.7%Operating margin8.4%Net margin6.2%Free cash flow margin8.9%Fiscal year 2020Gross margin25.3%Operating margin8.0%Net margin5.7%Free cash flow margin6.2%Fiscal year 2021Gross margin23.3%Operating margin8.9%Net margin6.4%Free cash flow margin−4.7%Fiscal year 2022Gross margin24.5%Operating margin10.6%Net margin7.6%Free cash flow margin9.1%Fiscal year 2023Gross margin20.5%Operating margin3.3%Net margin1.7%Free cash flow margin12.3%Fiscal year 2024Gross margin23.5%Operating margin5.8%Net margin3.8%Free cash flow margin8.8%Fiscal year 2025Gross margin23.8%Operating margin6.8%Net margin4.6%Free cash flow margin6.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 25.5% 23.0% 21.0% 22.7% 25.3% 23.3% 24.5% 20.5% 23.5% 23.8%
Operating margin 12.0% 10.0% 8.0% 8.4% 8.0% 8.9% 10.6% 3.3% 5.8% 6.8%
Net margin 7.7% 6.2% 6.0% 6.2% 5.7% 6.4% 7.6% 1.7% 3.8% 4.6%
Free cash flow margin 9.4% 3.0% 1.5% 8.9% 6.2% −4.7% 9.1% 12.3% 8.8% 6.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow201.7Capital expenditure−44.7Free cash flow157.0Buybacks0.0Dividends paid−34.4Fiscal year 2017Operating cash flow152.7Capital expenditure−87.2Free cash flow65.5 −58.3%Buybacks0.0Dividends paid−51.1Fiscal year 2018Operating cash flow156.6Capital expenditure−119.8Free cash flow36.8 −43.8%Buybacks−28.7Dividends paid−59.3Fiscal year 2019Operating cash flow269.5Capital expenditure−58.2Free cash flow211.3 +474.5%Buybacks0.0Dividends paid−63.8Fiscal year 2020Operating cash flow231.4Capital expenditure−57.3Free cash flow174.1 −17.6%Buybacks0.0Dividends paid−70.4Fiscal year 2021Operating cash flow−111.6Capital expenditure−98.5Free cash flow−210.1 −220.7%Buybacks0.0Dividends paid−87.2Fiscal year 2022Operating cash flow602.5Capital expenditure−130.6Free cash flow471.9Buybacks−24.1Dividends paid−102.7Fiscal year 2023Operating cash flow527.2Capital expenditure−62.2Free cash flow465.0 −1.5%Buybacks0.0Dividends paid−106.3Fiscal year 2024Operating cash flow370.3Capital expenditure−42.3Free cash flow328.0 −29.5%Buybacks0.0Dividends paid−109.5Fiscal year 2025Operating cash flow331.0Capital expenditure−52.6Free cash flow278.3 −15.1%Buybacks−128.6Dividends paid−114.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 201.7 152.7 156.6 269.5 231.4 −111.6 602.5 527.2 370.3 331.0
Capital expenditure −44.7 −87.2 −119.8 −58.2 −57.3 −98.5 −130.6 −62.2 −42.3 −52.6
Free cash flow 157.0 65.5 36.8 211.3 174.1 −210.1 471.9 465.0 328.0 278.3
Growth −58.3% −43.8% +474.5% −17.6% −220.7% −1.5% −29.5% −15.1%
Buybacks 0.0 0.0 −28.7 0.0 0.0 0.0 −24.1 0.0 0.0 −128.6
Dividends paid −34.4 −51.1 −59.3 −63.8 −70.4 −87.2 −102.7 −106.3 −109.5 −114.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash86.2Total debt49.9Net cash (debt)36.2Shareholders’ equity550.3Debt to equity0.09Fiscal year 2017Cash26.0Total debt49.9Net cash (debt)−23.9Shareholders’ equity652.7Debt to equity0.08Fiscal year 2018Cash14.9Total debt294.1Net cash (debt)−279.2Shareholders’ equity706.3Debt to equity0.42Fiscal year 2019Cash35.4Total debt630.8Net cash (debt)−595.4Shareholders’ equity800.7Debt to equity0.79Fiscal year 2020Cash51.8Total debt738.2Net cash (debt)−686.4Shareholders’ equity908.3Debt to equity0.81Fiscal year 2021Cash62.9Total debt1,303.0Net cash (debt)−1,240.1Shareholders’ equity1,092.9Debt to equity1.19Fiscal year 2022Cash47.5Total debt1,119.0Net cash (debt)−1,071.5Shareholders’ equity1,381.0Debt to equity0.81Fiscal year 2023Cash66.2Total debt847.4Net cash (debt)−781.3Shareholders’ equity1,355.0Debt to equity0.63Fiscal year 2024Cash165.8Total debt757.3Net cash (debt)−591.5Shareholders’ equity1,386.9Debt to equity0.55Fiscal year 2025Cash222.6Total debt945.2Net cash (debt)−722.6Shareholders’ equity1,360.8Debt to equity0.69
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 86.2 26.0 14.9 35.4 51.8 62.9 47.5 66.2 165.8 222.6
Total debt 49.9 49.9 294.1 630.8 738.2 1,303.0 1,119.0 847.4 757.3 945.2
Net cash (debt) 36.2 −23.9 −279.2 −595.4 −686.4 −1,240.1 −1,071.5 −781.3 −591.5 −722.6
Shareholders’ equity 550.3 652.7 706.3 800.7 908.3 1,092.9 1,381.0 1,355.0 1,386.9 1,360.8
Debt to equity 0.09 0.08 0.42 0.79 0.81 1.19 0.81 0.63 0.55 0.69

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1,678.9 2,147.8 2,475.8 2,371.5 2,796.2 4,472.7 5,207.1 3,784.8 3,741.2 4,122.0
Growth +27.9% +15.3% −4.2% +17.9% +60.0% +16.4% −27.3% −1.2% +10.2%
1,250.0 1,654.7 1,955.5 1,832.3 2,090.1 3,429.7 3,933.9 3,008.6 2,861.5 3,141.7
428.9 493.1 520.3 539.2 706.1 1,043.0 1,273.3 776.2 879.7 980.3
Growth +15.0% +5.5% +3.6% +31.0% +47.7% +22.1% −39.0% +13.3% +11.4%
228.1 278.8 321.6 339.0 483.2 644.6 720.3 453.3 465.0 495.3
200.9 214.3 198.8 200.2 222.9 398.4 553.0 123.4 218.2 279.9
Growth +6.7% −7.2% +0.7% +11.4% +78.7% +38.8% −77.7% +76.8% +28.3%
199.2 212.8 192.4 191.4 209.5 382.0 525.5 83.0 189.3 255.1
69.5 80.0 43.8 44.9 51.0 94.3 130.5 18.8 46.5 66.8
129.7 132.9 148.6 146.5 158.4 287.7 395.0 64.2 142.9 188.3
Growth +2.5% +11.8% −1.4% +8.1% +81.6% +37.3% −83.7% +122.6% +31.8%
Per share
5.26 5.31 5.90 5.86 6.30 11.39 15.57 2.54 5.61 7.59
5.20 5.24 5.83 5.84 6.27 11.32 15.48 2.52 5.60 7.57
Growth +0.8% +11.3% +0.2% +7.4% +80.5% +36.7% −83.7% +122.2% +35.2%
24.6 25.0 25.2 25.0 25.1 25.3 25.4 25.3 25.4 24.8
24.9 25.4 25.5 25.1 25.3 25.4 25.5 25.4 25.5 24.9
Growth +1.8% +0.3% −1.5% +0.6% +0.7% +0.3% −0.3% +0.3% −2.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.1% a year over five years, and earnings per share grew 3.8% a year.
  • The diluted share count fell 1.6% in five years, so buybacks did some of the work per share.
  • Operating margin is down 1.2 points on five years ago, at 6.8%.
  • Profitable in every one of the 10 years on file.