AYI
Acuity Brands, Inc.
AYI's fundamentals are strong: it turned 16% of its revenue into free cash flow and free cash flow grew 40%. At 19x earnings, it's trading right at its usual valuation. Analysts expect earnings growth.
AYI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
AYI's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
AYI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $257 | -22% |
| Forward | 15x | $330 | — |
| Current | 19x | $330 | — |
| Fair | 20x | $335 | +1.5% |
| Expensive | 24x | $412 | +25% |
Historical ranges are pointers, not guarantees.
AYI's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its cheap range.
AYI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect AYI's earnings to grow and its profitability to improve, with its revenue holding steady.
AYI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $21.36 | +25% |
| Q3 2026 | $17.05 | +36% |
| Q2 2026 | $15.08 | +19% |
| Q1 2026 | $13.64 | +3.4% |
| Q4 2025 | $13.00 | -4.3% |
| Q3 2025 | $12.53 | -6.8% |
| Q2 2025 | $12.69 | +3.3% |
| Q1 2025 | $13.19 | +10% |
| Q4 2024 | $13.58 | +16% |
AYI earned $17.05 per share over the past year, up 36% from the year before.
AYI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +2.9% |
| Q2 2026 | $1.2B | +1.6% |
| Q1 2026 | $1.1B | +4.9% |
| Q4 2025 | $1.1B | +20% |
| Q3 2025 | $1.2B | +17% |
| Q2 2025 | $1.2B | +22% |
| Q1 2025 | $1B | +11% |
| Q4 2024 | $951.6M | +1.8% |
AYI's revenue has grown year over year for nine quarters in a row: $1.2B last quarter, up 2.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | +3.3 points |
| Q2 2026 | 16% | +4.3 points |
| Q1 2026 | 13% | +1.7 points |
| Q4 2025 | 14% | 0 points |
| Q3 2025 | 15% | -0.3 points |
| Q2 2025 | 12% | -3.2 points |
| Q1 2025 | 11% | -2.1 points |
| Q4 2024 | 14% | -0.2 points |
AYI's operating margin was 18% last quarter, up 3.3 points from the same quarter a year ago, near the top of its range since 2019.
AYI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $286.2M | +61% |
| Q2 2026 | $273.6M | +42% |
| Q1 2026 | $73.3M | +47% |
| Q4 2025 | $114.8M | +1.3% |
| Q3 2025 | $177.7M | +18% |
| Q2 2025 | $192.3M | +37% |
| Q1 2025 | $49.7M | -44% |
| Q4 2024 | $113.3M | -35% |
AYI's free cash flow has been positive every quarter for seven years: $748M over the past year, up 40% from the year before.
AYI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.6% | +197K shares |
| 1 year | -1.5% | -490K shares |
| 3 years | -3.1% | -1M shares |
| 5 years | -15% | -5.4M shares |
| Available history | -21% | -8.4M shares |
AYI has 31M diluted shares, down 1.5% from a year ago, with $287M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $57.3M |
| Q2 2026 | $126.9M |
| Q1 2026 | $75.9M |
| Q4 2025 | $27.1M |
| Q3 2025 | $27.2M |
| Q2 2025 | $68.7M |
| Q1 2025 | $15.9M |
| Q4 2024 | $6.7M |
AYI spent $287M buying back its own shares over the past year, up 142% from the year before.
AYI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.7x | Very low |
| Q2 2025 | 1.0x | Very low |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | -0.7x | Net Cash |
AYI's net debt is less than a year of its operating earnings (EBITDA).
AYI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.1 | Neutral |
| Stochastic | 41.4 | Neutral |
AYI's weekly RSI is 54 (neutral) and its Stochastic is 41 (neutral).
AYI PE vs Industrials Sector
| Metric | AYI | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 24x | 19% below |
| PE % | 47 | 58 | 11 pts below |
AYI is trading at 19x earnings, a 19% discount to the Industrials sector's median of 24x.
AYI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $315.0 | 4.9% above |
| 20 week MA | $327.8 | 0.7% above |
| 50 week MA | $317.1 | 4.2% above |
| 100 week MA | $311.0 | 6.2% above |
| 200 week MA | $264.5 | 25% above |
AYI is in an uptrend: it's above all five of its weekly moving averages, and 25% above its 200-week average.
AYI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $137.7 | $119.0 | -14% |
| 2021 | $119.0 | $209.0 | +76% |
| 2022 | $209.0 | $166.4 | -20% |
| 2023 | $166.4 | $204.8 | +23% |
| 2024 | $204.8 | $297.7 | +45% |
| 2025 | $297.7 | $373.3 | +25% |
| 2026 YTD | $373.3 | $330.3 | -12% |
AYI has finished higher in four of the last six years. It's down 12% so far in 2026.