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Acuity (AYI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Acuity
NYSE•Industrials•Electrical Equipment & Parts
$316.37-4.43(-0.01%)Market open
Market Cap
$9.07B
P/E
19.2x
P/S
2.0x
P/B
3.2x

Acuity Inc. provides lighting, lighting controls, building management system, and an audio, video, and control platform in the United States and internationally. It operates in two segments, Acuity Brands Lighting (ABL); and the Acuity Intelligent Spaces (AIS). The ABL segment provides lighting solutions and luminaires with advanced electronics under the Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Fresco, Gotham, Healthcare Lighting, Holophane, Hydrel, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, Nightingale, nLight, Peerless, RELOC Wiring Solutions, and SensorSwitch brand names. This segment serves electrical distributors, consumer retailers, large corporate accounts, and original equipment manufacturer customers. The AIS segment offers Distech Controls intelligent Building Management Systems (BMS), such as products for controlling heating, ventilation, air conditioning, lighting, shades, refrigeration, and building access that prioritize end-user outcomes; Q-SYS, a full-stack audio, video, and control platform, and QSC Audio, an audio technology for live entertainers and sound reinforcement professionals. This segment serves retail stores, airports, universities, enterprise campuses, sports venues, themed entertainment, and hospitality sectors through system integrators. It offers its products and solutions under the Atrius, Distech Controls, QSC, and KE2 Therm Solutions brands. Acuity Inc. was formerly known as Acuity Brands, Inc. and changed its name to Acuity Inc. in March 2025. Acuity Inc. was incorporated in 2001 and is headquartered in Atlanta, Georgia.

A

How this company scores

ExcellentMetricSide Score: 90/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (19/25).

Profitability23/25
Growth23/25
Balance Sheet & Red Flags19/25
Cash & Earnings Quality25/25
Strengths
Rising free cash flowHigh ROERising earningsLow leverage

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 19.2x5y range 12.9x – 27.4x
P/E 19.2x · near its 20-quarter median

Currently near its 20-quarter median.

P/S · 2.0x5y range 1.2x – 2.6x
P/S 2.0x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 3.2x5y range 2.5x – 4.0x
Price & Volume
Market Cap $9.07B

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$4.61B
7Q
Q. Revenue
$1.20B
2%
TTM EBITDA
$831.50M
5Q
TTM Op. Income
$667.30M
4Q
Q. Op. Income
$193.30M
38%
TTM Net Income
$472.30M
3Q
Q. Net Income
$141.00M
43%
EPS
$4.66
46%
Shares Out.
$30.27M
2Q
$4.61B in TTM revenue grew 10.5% YoY, reaching $1.20B last quarter. TTM EBITDA of $831.50M and TTM operating income of $667.30M show growth is flowing through to the bottom line. TTM net income of $472.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
50.6%
2Q
EBITDA Margin
19.5%
32%
Op. Margin
16.1%
36%
Net Margin
11.8%
41%
Op. margin of 16.1% is up 4.3% YoY — cost efficiency is improving. Net margin at 11.8% and gross margin of 50.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 36% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
19.2x
2Q
P/S Ratio
2.0x
2Q
P/B Ratio
3.2x
2Q
At 19.2x P/E, the stock trades within typical market levels. P/S of 2.0x and P/B of 3.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$4.64B
0%
Cash
$411.90M
11%
Long-Term Debt
$697.30M
30%
Book Value
$2.85B
7Q
D/E Ratio
0.2
5Q
Debt/EBITDA
3.0
48%
With $4.64B in assets and $697.30M in long-term debt, D/E is 0.2and book value is $2.85B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$290.30M
40%
TTM Free Cash Flow
$639.40M
5Q
FCF Margin
13.9%
2Q
FCF / Net Income
1.4
7%
TTM FCF of $639.40M on $290.30M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.

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· near its 20-quarter median

Currently near its 20-quarter median.