LSI Industries (LYTS) Stock Fundamentals, Analysis & Risk Signals

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

LSI Industries

NasdaqGS•Technology•Electronic Components

$20.23+0.12(0.01%)Market closed

Market Cap

$668.92M

P/E

29.6x

P/S

1.0x

P/B

1.9x

LSI Industries Inc. manufactures, markets, and sells non-residential lighting and retail display solutions in the United States. The company operates through Lighting and Display Solutions segments. The Lighting segment offers outdoor and indoor lighting fixture and controls solutions, including sensors, photocontrols, dimming, motion detection, and circuit controllers. The Display Solutions segment provides exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, digital menu board systems, refrigerated displays, and custom display elements. It also offers signage and canopy, pump dispenser, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, refrigerated food and beverage displays, check-out counters, and an array of merchandising displays and cabinetry. In addition, the company provides various project management services, including installation management, site surveys, permitting, and content management. It serves across various vertical markets, such as refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. LSI Industries Inc. was founded in 1976 and is based in Cincinnati, Ohio.

How this company scores

GoodMetricSide Score: 61/100

Strongest: Cash & Earnings Quality (22/25); weakest: Profitability (11/25).

Profitability11/25

Growth16/25

Balance Sheet & Red Flags12/25

Cash & Earnings Quality22/25

Strengths

Growing revenueCash-backed earningsConsistent growthImproving margins

Valuation vs. 5-year range

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

P/E · 29.6x5y range 11.6x – 30.3x

Currently above its 20-quarter median.

P/S · 1.0x5y range 0.4x – 1.2x

Currently near its 20-quarter median.

P/B · 1.9x5y range 1.2x – 3.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 11.5% — watch for continued compression, which may signal competitive or cost pressure.

Leverage Risk

Watch

Debt-to-equity has risen 249.7% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $668.92M

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $689.40M
Q. Revenue: $234.62M
TTM EBITDA: $54.97M
TTM Op. Income: $38.40M
Q. Op. Income: $14.49M
TTM Net Income: $22.58M
Q. Net Income: $6.88M
EPS: $0.69
Shares Out.: $32.87M

$689.40M in TTM revenue grew 20.2% YoY, reaching $234.62M last quarter. TTM EBITDA of $54.97M and TTM operating income of $38.40M show growth is flowing through to the bottom line. TTM net income of $22.58M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 24.5%
EBITDA Margin: 9.1%
Op. Margin: 6.2%
Net Margin: 2.9%

Op. margin of 6.2% is down 1.5% YoY — costs are rising relative to revenue. Net margin at 2.9% and gross margin of 24.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 20% — an improving trend.

Price Ratios

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

P/E Ratio: 29.6x
P/S Ratio: 1.0x
P/B Ratio: 1.9x

At 29.6x P/E, the stock trades within typical market levels. P/S of 1.0x and P/B of 1.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

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

Total Assets: $829.86M
Cash: $14.25M
Long-Term Debt: $245.93M
Book Value: $360.68M
D/E Ratio: 0.7
Debt/EBITDA: 11.6

With $829.86M in assets and $245.93M in long-term debt, D/E is 0.7and book value is $360.68M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

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

Op. Cash Flow: $11.56M
TTM Free Cash Flow: $39.01M
FCF Margin: 5.7%
FCF / Net Income: 1.7

TTM FCF of $39.01M on $11.56M in operating cash flow. The FCF / Net Income ratio of 1.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.