LCII
LCI Industries
LCII's fundamentals are mixed: earnings per share grew 14%, but free cash flow fell 16%. At 12x earnings, it's trading below its usual 16x.
LCII Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Stable | |
| Healthy |
LCII's profitability and balance sheet are currently healthy, and its cash flow is stable, but its revenue is under pressure.
LCII PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.6x | $78.22 | -19% |
| Current | 12x | $96.99 | — |
| Fair | 16x | $132 | +36% |
| Expensive | 26x | $212 | +119% |
Historical ranges are pointers, not guarantees.
LCII's PE is in its cheap range at 12x.
LCII Forward outlook
There aren't enough analyst estimates for LCII to show an outlook.
LCII Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $8.12 | +14% |
| Q2 2026 | $8.62 | +44% |
| Q1 2026 | $8.16 | +34% |
| Q4 2025 | $7.57 | +35% |
| Q3 2025 | $7.15 | +39% |
| Q2 2025 | $5.99 | +26% |
| Q1 2025 | $6.10 | +66% |
| Q4 2024 | $5.60 | +122% |
LCII's earnings per share have fallen from their peak: $8.12 over the past year, against $19.49 in mid-2022.
LCII Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $992.5M | -4.2% |
| Q2 2026 | $968.7M | -13% |
| Q1 2026 | $1.1B | +4.3% |
| Q4 2025 | $932.7M | +16% |
| Q3 2025 | $1B | +13% |
| Q2 2025 | $1.1B | +5% |
| Q1 2025 | $1B | +8% |
| Q4 2024 | $803.1M | -4.1% |
LCII's revenue fell from its 2022 peak and has held roughly level since: $992M last quarter, down 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.6% | +0.3 points |
| Q2 2026 | 9.9% | +2 points |
| Q1 2026 | 8.7% | +1 points |
| Q4 2025 | 3.8% | +1.8 points |
| Q3 2025 | 7.3% | +1.4 points |
| Q2 2025 | 7.9% | -0.7 points |
| Q1 2025 | 7.8% | +1.8 points |
| Q4 2024 | 2% | +1.7 points |
LCII's operating margin was 7.6% last quarter, about level with the same quarter a year ago.
LCII Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $53.6M | -34% |
| Q2 2026 | $184.9M | +86% |
| Q1 2026 | -$43.1M | -228% |
| Q4 2025 | $64.3M | -33% |
| Q3 2025 | $80.9M | +18% |
| Q2 2025 | $99.5M | -45% |
| Q1 2025 | $33.7M | +$49.9M |
| Q4 2024 | $95.7M | -24% |
LCII still generates free cash flow, though less than at its 2026 peak: $260M over the past year.
LCII Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +25K shares |
| 1 year | -0.2% | -49K shares |
| 3 years | -4.3% | -1.1M shares |
| 5 years | -3.9% | -1M shares |
| Available history | -2.7% | -676K shares |
LCII has 24M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $62.2M |
| Q2 2025 | $38.1M |
| Q1 2025 | $28.3M |
LCII hasn't bought back shares in the past year.
LCII Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 1.9x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 2.0x | Healthy |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | 1.9x | Healthy |
| Q4 2024 | 1.7x | Healthy |
LCII's net debt is about 1.4 years of its operating earnings (EBITDA), down from 2.0 years a year ago.
LCII Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.6 | Neutral |
| Stochastic | 63.9 | Neutral |
LCII's weekly RSI is 49 (neutral) and its Stochastic is 64 (neutral).
LCII PE vs Consumer Cyclical Sector
| Metric | LCII | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 18x | 34% below |
| PE % | 23 | 47 | 24 pts below |
LCII is trading at 12x earnings, a 34% discount to the Consumer Cyclical sector's median of 18x.
LCII Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $88.5 | 9.6% above |
| 20 week MA | $96.3 | 0.7% above |
| 50 week MA | $112.3 | 14% below |
| 100 week MA | $104.4 | 7.1% below |
| 200 week MA | $109.8 | 12% below |
LCII has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 12% below its 200-week average.
LCII Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $108.7 | $134.3 | +24% |
| 2021 | $134.3 | $149.9 | +12% |
| 2022 | $149.9 | $94.8 | -37% |
| 2023 | $94.8 | $125.7 | +33% |
| 2024 | $125.7 | $102.7 | -18% |
| 2025 | $102.7 | $123.7 | +20% |
| 2026 YTD | $123.7 | $97.0 | -22% |
LCII has finished higher in four of the last six years. It's down 22% so far in 2026.