LCI Industries (LCII) Stock Fundamentals, Analysis & Risk Signals

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

LCI Industries

NYSE•Consumer Cyclical•Recreational Vehicles

$85.60-0.89(-0.01%)Market closed

Market Cap

$2.08B

P/E

9.8x

P/S

0.5x

P/B

1.5x

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.

How this company scores

GoodMetricSide Score: 71/100

Strongest: Profitability (19/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability19/25

Growth19/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality17/25

Strengths

Rising earningsCash-backed earningsProfit converts from growthImproving 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 · 9.8x5y range 5.2x – 60.2x

Currently below its 20-quarter median.

P/S · 0.5x5y range 0.4x – 0.9x

Currently below its 20-quarter median.

P/B · 1.5x5y range 1.5x – 3.6x

Price & Volume

Market Cap $2.08B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $4.03B
Q. Revenue: $968.67M
TTM EBITDA: $423.94M
TTM Op. Income: $301.92M
Q. Op. Income: $95.96M
TTM Net Income: $211.26M
Q. Net Income: $67.14M
EPS: $2.76
Shares Out.: $24.31M

$4.03B in TTM revenue grew 4.1% YoY, reaching $968.67M last quarter. TTM EBITDA of $423.94M and TTM operating income of $301.92M show growth is flowing through to the bottom line. TTM net income of $211.26M means revenue is converting into profit. Over the past year, TTM revenue is up 4% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 31.1%
EBITDA Margin: 13.1%
Op. Margin: 9.9%
Net Margin: 6.9%

Op. margin of 9.9% is up 2.0% YoY — cost efficiency is improving. Net margin at 6.9% and gross margin of 31.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 9.8x
P/S Ratio: 0.5x
P/B Ratio: 1.5x

At 9.8x P/E, the stock trades below typical market levels. P/S of 0.5x and P/B of 1.5x 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: $3.27B
Cash: $216.51M
Long-Term Debt: $848.93M
Book Value: $1.43B
D/E Ratio: 0.6
Debt/EBITDA: 6.7

With $3.27B in assets and $848.93M in long-term debt, D/E is 0.6and book value is $1.43B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $203.68M
TTM Free Cash Flow: $286.95M
FCF Margin: 7.1%
FCF / Net Income: 1.4

TTM FCF of $286.95M on $203.68M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 3% — an improving trend.