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LCI Industries LCII R2K

Consumer Cyclical · Recreational Vehicles · United States
https://corporate.lippert.com

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis, axles, anti-lock braking systems, and suspension systems; manual, electric, and hydraulic stabilizer and leveling systems; awnings, slide-out mechanisms, and accessories; vinyl, aluminum, and frameless windows; entry, luggage, patio, and ramp doors; electric and manual entry steps and awnings; thermoformed bath and kitchen products; furniture, mattresses, tankless water heaters, air conditioners, appliances, electronic components, televisions, and sound systems; windshields; and hitches, pin boxes, grill guards, towing electrical, and towing and truck accessories. This segment serves OEMs of RVs and adjacent industries, including boats, buses, cargo and utility trailers used to haul boats, livestock, equipment, and other cargo; trucks; trains; manufactured homes; and modular housing. The Aftermarket segment supplies engineered components to aftermarket channels of the recreation and transportation markets for retail dealers, wholesale distributors, and service centers, as well as direct-to-consumer sales through online platforms. This segment also sells replacement glass and awnings to fulfill insurance claims; and biminis, covers, buoys, fenders, towing products, truck accessories, appliances, air conditioners, televisions, sound systems, and tankless water heaters. LCI Industries was formerly known as Drew Industries Incorporated and changed its name to LCI Industries in December 2016. The company was founded in 1956 and is headquartered in Elkhart, Indiana.

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$109.02
+30.27% 1Y

Market & Price

Market Cap
$2.65B
Current Price
$109.02
High / Low (52W)
$154.08 / $81.51
Beta
1.22

Valuation

Stock P/E
13.38
Industry PE
22.37
Forward P/E
10.84
PEG Ratio
1.04
Book Value
$57.12
Price to Book
1.91
P/S
0.64
EV/EBITDA
9.01
Dividend Yield
4.22%

Profitability & Returns

ROCE
10.76%
ROE
14.65%
ROA
5.81%
Profit Margin
4.84%
Op Margin
8.73%
EPS (Latest Qtr)
$2.53
EPS (TTM)
$8.15

Balance Sheet & Liquidity

Debt/Equity
0.89
Quick Ratio
1.06
Current Ratio
2.91
Debt
$1.24B
Total Assets
$3.18B
Current Assets
$1.35B
Working Capital
$876.32M

Ownership

Promoter Holding
3.53%
Chg in Prom Hold
-
FII / Inst Holding
116.23%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$3.74B
Total Revenue (TTM)
$4.17B
EBITDA
$415.25M
Free Cash Flow
$127.54M
Operating Cash Flow
$254.80M
Shares Outstanding
24.29M
Gross Margin
24.05%
Payout Ratio
56.37%

Growth (CAGR)

Revenue 5Y
-7.49%
Profit 5Y
-21.89%
Revenue (YoY)
4.30%
Earnings (YoY)
30.40%

PROS

  • Attractive dividend yield of 4.22%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -7.5% CAGR over 5 years.
  • Earnings shrank at -21.9% CAGR over 5 years.
  • Trading 29.2% below its 52-week high.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Consumer Cyclical).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 LCII LCI Industries R2K 109.02 13.38 $2.65B 4.22% 10.76% 14.65% -7.49% -21.89%
2 AMZN Amazon.com, Inc. NDXSPXAI 270.64 31.65 $2.91T - 16.60% 24.29% 11.73% 984.47%
3 TSLA Tesla, Inc. NDXSPXAI 435.79 399.81 $1.64T - 5.29% 4.90% 5.19% -32.94%
4 HD The Home Depot, Inc. SPX 317.14 22.52 $316.23B 2.94% 28.92% 128.38% 1.52% -6.11%
5 MCD McDonald's Corporation SPX 279.20 23.04 $198.37B 2.66% 22.63% - 5.06% 11.50%
6 TJX The TJX Companies, Inc. SPX 154.75 30.11 $171.12B 1.24% 32.91% 61.25% 6.53% 16.24%
7 BKNG Booking Holdings Inc. NDXSPX 167.43 22.09 $129.74B 0.96% 67.24% - 16.35% 20.90%
8 LOW Lowe's Companies, Inc. SPX 214.36 18.12 $120.26B 2.24% 29.62% - -3.85% 1.11%
9 PDD PDD Holdings Inc. NDX 84.44 8.87 $120.19B - 28.69% 25.40% 49.00% 45.85%
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Quarterly Results

Figures in USD.

Metric Mar 2015Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue --------498.34M547.48M554.81M547.14M650.49M684.46M604.24M536.62M592.17M629.07M586.22M564.02M659.67M525.76M827.73M1.00B1.09B1.17B1.64B1.54B1.13B973.31M1.01B959.32M968.03M1.05B915.50M1.05B1.11B1.04B932.70M1.09B
Cost of Revenue -----------------------------------793.84M837.23M783.86M726.79M816.85M
Gross Profit 76.40M82.06M74.12M73.41M108.44M116.90M105.55M98.01M124.01M131.09M121.22M116.79M140.73M150.46M125.90M103.25M132.59M148.65M135.47M122.48M158.60M128.74M221.44M241.78M257.61M251.58M464.24M409.08M253.05M186.07M218.12M210.95M223.91M266.44M219.96M251.75M270.02M252.61M205.91M273.67M
Operating Expenses -----------------------------------170.43M182.22M177.17M170.55M178.51M
Operating Income 31.84M33.63M27.17M-55.73M59.39M45.14M-59.13M63.04M47.93M-59.82M64.09M45.35M-47.76M65.66M49.15M-44.27M20.78M94.43M101.43M93.98M89.02M269.70M218.79M87.58M20.04M55.17M45.59M57.61M90.60M53.89M81.32M87.80M75.44M35.36M95.16M
EBITDA -----------------------------------102.81M118.13M124.83M66.24M124.96M
Interest Expense -----------------------------------5.99M9.69M10.32M9.71M9.91M
Pretax Income -----------------------------------67.27M78.11M84.03M25.66M85.25M
Tax Provision -----------------------------------17.84M20.48M21.53M6.97M22.30M
Net Income 20.07M20.87M17.26M16.14M35.96M37.57M29.84M26.30M43.15M40.14M32.14M17.46M47.34M47.22M33.81M20.18M34.37M47.53M35.81M28.81M28.21M13.19M68.35M74.12M67.89M63.40M196.18M154.53M61.39M7.26M33.43M25.89M36.55M61.16M35.61M49.44M57.63M62.49M18.68M62.95M
Diluted EPS 0.820.850.700.651.451.511.191.051.711.591.260.681.861.861.330.801.381.891.421.141.120.522.702.932.672.497.716.062.400.291.311.021.442.401.391.942.292.550.772.53

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -------1.68B2.15B2.48B2.37B2.80B4.47B5.21B3.78B3.74B4.12B
Cost of Revenue -------------3.93B3.01B2.86B3.14B
Gross Profit 78.71M126.17M139.72M168.66M213.11M254.92M306.00M428.90M493.11M520.34M539.20M706.09M1.04B1.27B776.19M879.72M980.29M
Operating Expenses -------------720.26M652.76M661.48M700.37M
Operating Income -35.58M45.43M48.55M58.13M78.30M95.49M116.25M200.85M214.28M198.79M200.21M222.93M398.41M553.03M123.43M218.24M279.92M
EBITDA -------------682.24M255.20M343.93M412.01M
Interest Expense -------------27.57M40.42M28.90M35.71M
Pretax Income -------------525.46M83.00M189.34M255.07M
Tax Provision -------------130.48M18.81M46.47M66.82M
Net Income -24.05M28.03M30.06M37.34M50.12M62.27M74.34M129.67M132.88M148.55M146.51M158.44M287.74M394.97M64.19M142.87M188.25M
Diluted EPS -1.101.261.341.642.112.563.025.205.245.835.846.2711.3215.482.525.607.57

Compounded Sales Growth

5 Years:-7.49%
1 Year:4.30%

Compounded Profit Growth

5 Years:-21.89%
1 Year:30.40%

Stock Price Performance

1 Year:+30.27%
6 Months:-3.84%
3 Months:-16.53%
1 Month:-6.41%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --306.78M351.08M373.87M453.18M543.84M622.86M786.90M945.86M1.24B1.86B2.30B-3.25B2.96B2.89B3.18B
Current Assets --------------1.39B1.12B1.16B1.35B
Cash & Equivalents 8.69M52.37M38.88M6.58M9.94M66.28M4.00K12.30M86.17M26.05M14.93M35.36M51.82M-47.50M66.16M165.76M222.62M
Inventory --------------1.03B768.41M736.60M809.09M
Receivables --------------214.26M214.71M199.56M243.43M
Total Liabilities --63.32M73.79M89.62M139.57M148.94M184.28M236.63M293.11M537.64M1.06B1.39B-1.87B1.60B1.51B1.82B
Current Liabilities --45.07M51.91M69.78M118.19M107.19M98.86M149.35M182.01M177.58M271.26M416.39M-421.30M394.99M412.05M473.37M
Long Term Debt -----015.65M49.91M49.95M49.92M293.53M612.91M720.42M-1.10B846.83M756.83M941.50M
Total Debt --------------1.38B1.11B995.85M1.24B
Total Equity 258.88M244.12M243.46M277.30M284.25M313.61M394.90M438.57M550.27M652.75M706.25M800.67M908.33M-1.38B1.36B1.39B1.36B
Shares Outstanding --------------28.52M28.67M28.80M28.91M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 63.26M42.06M36.83M72.69M82.68M107.02M95.02M201.67M152.70M156.61M269.52M231.40M-602.51M527.23M370.28M330.98M
Investing Cash Flow -16.45M-22.55M-69.12M-28.20M-36.05M-144.07M-66.12M-91.71M-145.88M-302.80M-503.83M-232.30M--241.79M-83.75M-61.10M-147.07M
Financing Cash Flow -3.14M-33.00M-3.00K-41.14M9.72M-29.22M-16.60M-36.09M-66.95M135.07M254.97M14.05M--374.87M-426.18M-208.22M-125.49M
Capital Expenditure -3.11M-10.15M-24.32M-32.03M-32.59M-42.46M-28.99M-44.67M-87.22M-119.83M-58.20M-57.35M--130.64M-62.21M-42.33M-52.64M
Free Cash Flow 60.15M31.91M12.51M40.66M50.08M64.56M66.03M157.00M65.48M36.78M211.32M174.05M-471.87M465.02M327.95M278.33M
Net Change in Cash --------------14.15M17.30M100.97M58.42M
Share Buybacks -1.04M626.00K----0028.70M00024.05M00128.57M
Dividends Paid ------48.23M34.44M51.06M59.27M63.81M70.40M87.17M102.73M106.34M109.47M114.04M

Ratios (Annual)

Figures in %.

Metric Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
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%
ROE % -9.9%11.5%10.8%13.1%16.0%15.8%17.0%23.6%20.4%21.0%18.3%17.4%-28.6%4.7%10.3%13.8%
ROCE % -17.4%16.2%19.1%23.4%21.9%22.2%31.5%28.1%18.6%12.6%11.8%-19.6%4.8%8.8%10.4%

Shareholding Pattern

Insiders
3.53%
Institutions
116.23%
Public Float
120.48%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 14.60% 3.55M $386.55M
2 FMR, LLC 8.38% 2.03M $221.82M
3 Kayne Anderson Rudnick Investment Management LLC 7.90% 1.92M $209.24M
4 Vanguard Portfolio Management LLC 6.09% 1.48M $161.25M
5 Dimensional Fund Advisors LP 5.81% 1.41M $153.95M
6 Vanguard Capital Management LLC 4.30% 1.05M $113.97M
7 State Street Corporation 3.80% 921.66K $100.48M
8 American Century Companies Inc 3.68% 893.33K $97.39M
9 Principal Financial Group, Inc. 2.70% 655.92K $71.51M
10 Royce & Associates LP 2.51% 609.77K $66.48M

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