LCI Industries (LCII) Key Metrics
LCII valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $2.04B
- Enterprise value
- $3.00B
- P/E (TTM)
- 9.8 10-yr median 18.4
- Forward P/E
- 9.5
- PEG ratio
- 1.04
- Price / sales
- 0.5 10-yr median 0.9
- Price / book
- 1.4 10-yr median 2.9
- EV / EBITDA
- 6.8 10-yr median 10.6
- Dividend yield
- 5.48% $4.60 a year
- Beta
- 1.21
LCII key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLCII valuation Price multiples at each fiscal year-end price.
LCII returns How much profit the business earns on the capital it uses.
LCII per-share figures Results divided by the shares outstanding at year-end.
LCII financial health Debt, liquidity and how easily interest is covered.
LCII efficiency & capital use Working capital cycle and where the cash goes.
LCII valuation history
LCII returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LCII debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LCII cash returned to shareholders
LCII price vs earnings per share
LCII key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $3.02B | $2.64B | $3.20B | $2.36B | $3.96B | $3.28B | $2.69B | $1.70B | $3.30B | $2.69B |
| Enterprise value | $4.03B | $3.47B | $4.24B | $3.69B | $5.38B | $4.07B | $3.39B | $1.98B | $3.32B | $2.65B |
| P/E ratio | 16.0 | 18.5 | 49.8 | 6.0 | 13.8 | 20.7 | 18.3 | 11.5 | 24.8 | 20.7 |
| Price / sales | 0.7 | 0.7 | 0.8 | 0.5 | 0.9 | 1.2 | 1.1 | 0.7 | 1.5 | 1.6 |
| Price / book | 2.2 | 1.9 | 2.4 | 1.7 | 3.6 | 3.6 | 3.4 | 2.4 | 5.1 | 4.9 |
| Price / free cash flow | 10.8 | 8.0 | 6.9 | 5.0 | — | 18.8 | 12.7 | 46.2 | 48.8 | 16.9 |
| Price / operating cash flow | 9.1 | 7.1 | 6.1 | 3.9 | — | 14.2 | 10.0 | 10.9 | 21.3 | 13.2 |
| EV / sales | 1.0 | 0.9 | 1.1 | 0.7 | 1.2 | 1.5 | 1.4 | 0.8 | 1.5 | 1.6 |
| EV / EBITDA | 9.8 | 10.1 | 16.6 | 5.4 | 10.5 | 12.7 | 12.4 | 7.4 | 12.4 | 10.7 |
| EV / free cash flow | 14.5 | 10.6 | 9.1 | 7.8 | — | 23.4 | 16.0 | 53.8 | 49.2 | 16.7 |
| Earnings yield | 6.2% | 5.4% | 2.0% | 16.7% | 7.3% | 4.8% | 5.5% | 8.7% | 4.0% | 4.8% |
| Free cash flow yield | 9.2% | 12.4% | 14.5% | 20.0% | −5.3% | 5.3% | 7.9% | 2.2% | 2.0% | 5.9% |
| Dividend yield | 3.8% | 4.2% | 3.3% | 4.4% | 2.2% | 2.1% | 2.4% | 3.5% | 1.5% | 1.3% |
| Shareholder yield (dividends + buybacks) | 8.0% | 4.5% | 3.6% | 5.4% | 2.2% | 2.3% | 2.7% | 5.2% | 1.9% | 1.3% |
| Share price at fiscal year-end | $121.34 | $103.39 | $125.71 | $92.45 | $155.87 | $129.68 | $107.13 | $66.80 | $130.00 | $107.75 |
| Per share | ||||||||||
| Revenue per share | $165.84 | $146.67 | $148.80 | $204.09 | $175.90 | $110.72 | $94.51 | $97.23 | $84.64 | $67.34 |
| Earnings per share | $7.57 | $5.60 | $2.52 | $15.48 | $11.32 | $6.27 | $5.84 | $5.83 | $5.24 | $5.20 |
| Operating cash flow per share | $13.32 | $14.52 | $20.73 | $23.62 | −$4.39 | $9.16 | $10.74 | $6.15 | $6.10 | $8.16 |
| Free cash flow per share | $11.20 | $12.86 | $18.28 | $18.49 | −$8.26 | $6.89 | $8.42 | $1.44 | $2.66 | $6.37 |
| Cash per share | $8.96 | $6.50 | $2.60 | $1.86 | $2.47 | $2.05 | $1.41 | $0.59 | $1.03 | $3.46 |
| Book value per share | $54.75 | $54.37 | $53.27 | $54.13 | $42.98 | $35.97 | $31.91 | $27.74 | $25.72 | $22.07 |
| Tangible book value per share | $13.52 | $16.04 | $12.45 | $12.17 | $1.17 | $1.30 | $4.31 | $13.74 | $15.70 | $13.96 |
| Dividends per share | $4.59 | $4.29 | $4.18 | $4.03 | $3.43 | $2.79 | $2.54 | $2.33 | $2.01 | $1.38 |
| Capex per share | $2.12 | $1.66 | $2.45 | $5.12 | $3.88 | $2.27 | $2.32 | $4.71 | $3.44 | $1.79 |
| Debt per share | $49.70 | $39.04 | $43.50 | $53.97 | $58.09 | $33.51 | $29.18 | $11.55 | $1.97 | $2.00 |
| Shares outstanding | 24.9M | 25.5M | 25.4M | 25.5M | 25.4M | 25.3M | 25.1M | 25.5M | 25.4M | 24.9M |
| Change in shares outstanding | −2.6% | +0.3% | −0.3% | +0.3% | +0.7% | +0.6% | −1.5% | +0.3% | +1.8% | +1.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.7% | 10.4% | 4.7% | 31.9% | 28.8% | 18.5% | 19.4% | 21.9% | 22.1% | 26.2% |
| Return on invested capital (ROIC) | 9.0% | 7.1% | 3.7% | 15.9% | 14.3% | 10.5% | 12.3% | 18.5% | 22.5% | 25.1% |
| Return on assets (ROA) | 6.2% | 4.9% | 2.1% | 12.1% | 10.3% | 7.6% | 9.4% | 13.6% | 15.3% | 18.4% |
| Return on tangible assets | 8.8% | 7.5% | 3.3% | 18.1% | 12.9% | 11.1% | 12.5% | 16.7% | 19.2% | 22.2% |
| Free cash flow margin | 6.8% | 8.8% | 12.3% | 9.1% | −4.7% | 6.2% | 8.9% | 1.5% | 3.1% | 9.5% |
| Income quality (OCF / net income) | 1.76 | 2.59 | 8.21 | 1.53 | −0.39 | 1.46 | 1.84 | 1.05 | 1.16 | 1.57 |
| Financial health | ||||||||||
| Total debt | $1.24B | $995.9M | $1.11B | $1.38B | $1.48B | $846.4M | $732.3M | $294.1M | $49.9M | $49.9M |
| Cash & short-term investments | $222.6M | $165.8M | $66.2M | $47.5M | $62.9M | $51.8M | $35.4M | $14.9M | $26.0M | $86.2M |
| Net debt | $1.01B | $830.1M | $1.04B | $1.33B | $1.41B | $794.6M | $697.0M | $279.2M | $23.9M | −$36.2M |
| Debt / equity | 0.91 | 0.72 | 0.82 | 1.00 | 1.35 | 0.93 | 0.91 | 0.42 | 0.08 | 0.09 |
| Debt / assets | 0.39 | 0.34 | 0.37 | 0.42 | 0.45 | 0.37 | 0.39 | 0.24 | 0.05 | 0.06 |
| Net debt / EBITDA | 2.46 | 2.41 | 4.08 | 1.95 | 2.76 | 2.48 | 2.55 | 1.05 | 0.09 | −0.15 |
| Current ratio | 2.85 | 2.82 | 2.83 | 3.30 | 2.50 | 2.09 | 2.47 | 2.97 | 2.29 | 2.46 |
| Quick ratio | 1.14 | 1.03 | 0.88 | 0.86 | 0.75 | 0.90 | 1.02 | 1.05 | 0.78 | 1.20 |
| Interest coverage | 7.8 | 7.6 | 3.1 | 20.1 | 24.3 | 16.6 | 22.8 | 30.9 | 149.1 | 119.7 |
| Working capital | $876.3M | $748.2M | $721.9M | $969.5M | $939.7M | $453.4M | $399.5M | $349.1M | $235.1M | $218.0M |
| Invested capital | $2.37B | $2.22B | $2.40B | $2.71B | $2.51B | $1.70B | $1.50B | $985.5M | $676.6M | $514.0M |
| Tangible asset value | $336.1M | $409.1M | $316.7M | $310.6M | $29.7M | $32.7M | $108.1M | $349.7M | $398.4M | $348.1M |
| Net current asset value | −$465.5M | −$347.6M | −$487.4M | −$475.1M | −$628.3M | −$519.9M | −$391.1M | −$11.0M | $124.0M | $131.7M |
| Graham number | $96.59 | $82.78 | $55.00 | $137.31 | $104.61 | $71.25 | $64.74 | $60.34 | $55.05 | $50.82 |
| Graham net-net per share | −$40.45 | −$32.31 | −$39.03 | −$44.79 | −$52.88 | −$35.22 | −$27.09 | −$10.25 | −$2.68 | −$0.49 |
| Capital allocation | ||||||||||
| Dividends paid | $114.0M | $109.5M | $106.3M | $102.7M | $87.2M | $70.4M | $63.8M | $59.3M | $51.1M | $34.4M |
| Share buybacks (net) | $128.6M | $9.2M | $9.6M | $24.1M | $0 | $4.9M | $8.1M | $28.7M | $10.5M | $0 |
| Dividend payout ratio | 60.6% | 76.6% | 165.6% | 26.0% | 30.3% | 44.4% | 43.6% | 39.9% | 38.4% | 26.6% |
| Dividends + buybacks / free cash flow | 87.2% | 36.2% | 24.9% | 26.9% | — | 43.2% | 34.0% | 239.2% | 91.2% | 21.7% |
| Capex / revenue | 1.3% | 1.1% | 1.6% | 2.5% | 2.2% | 2.1% | 2.5% | 4.8% | 4.1% | 2.7% |
| Capex / operating cash flow | 15.9% | 11.4% | 11.8% | 21.7% | — | 24.8% | 21.6% | 76.5% | 56.4% | 22.0% |
| Capex / depreciation | 0.43 | 0.34 | 0.47 | 1.01 | 0.88 | 0.59 | 0.77 | 1.77 | 1.59 | 0.97 |
| Stock-based compensation / revenue | 0.6% | 0.5% | 0.5% | 0.5% | 0.6% | 0.7% | 0.7% | 0.6% | 0.9% | 0.9% |
| R&D / revenue | — | 0.6% | 0.5% | 0.5% | 0.4% | 0.5% | 0.6% | 0.6% | 0.2% | 0.5% |
| SG&A / revenue | 12.0% | 16.1% | 15.5% | 12.6% | 13.1% | 15.6% | 13.1% | 11.9% | 11.8% | 12.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 19.6 | 20.2 | 20.7 | 18.7 | 24.0 | 30.6 | 24.8 | 15.0 | 11.9 | 10.7 |
| Days of inventory on hand | 89.8 | 96.0 | 109.1 | 98.6 | 84.6 | 77.5 | 73.1 | 57.4 | 51.1 | 52.5 |
| Days payables outstanding | 22.7 | 23.7 | 19.8 | 19.7 | 24.9 | 24.8 | 17.7 | 14.7 | 14.3 | 11.7 |
| Cash conversion cycle (days) | 86.7 | 92.5 | 109.9 | 97.6 | 83.7 | 83.3 | 80.2 | 57.8 | 48.7 | 51.5 |
| Receivables turnover | 18.61 | 18.06 | 17.65 | 19.50 | 15.20 | 11.93 | 14.74 | 24.28 | 30.79 | 33.96 |
| Payables turnover | 16.11 | 15.41 | 18.39 | 18.48 | 14.68 | 14.71 | 20.63 | 24.83 | 25.50 | 31.13 |
| Inventory turnover | 4.07 | 3.80 | 3.35 | 3.70 | 4.31 | 4.71 | 4.99 | 6.36 | 7.14 | 6.95 |
| Asset turnover | 1.36 | 1.28 | 1.22 | 1.59 | 1.60 | 1.34 | 1.53 | 2.26 | 2.48 | 2.38 |
| Average receivables | $221.5M | $207.1M | $214.5M | $267.0M | $294.2M | $234.3M | $160.9M | $102.0M | $69.8M | $49.4M |
| Average payables | $195.0M | $185.7M | $163.6M | $212.9M | $233.6M | $142.1M | $88.8M | $78.8M | $64.9M | $40.2M |
| Average inventory | $772.8M | $752.5M | $899.1M | $1.06B | $794.9M | $443.8M | $367.1M | $307.7M | $231.7M | $179.8M |
| Intangibles / total assets | 32.3% | 33.8% | 35.1% | 33.0% | 32.3% | 38.1% | 37.2% | 28.7% | 26.9% | 25.7% |
Computed from LCII's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LCII valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), LCI Industries traded at 16.0 times earnings, against a 10-year median of 18.4. Based on the latest twelve months, the trailing P/E is 9.8 and the forward P/E is 9.5. LCI Industries earned a return on equity of 13.7% and a return on invested capital of 9.0% in fiscal 2025. It ended the year with $1.2 billion of debt and $222.6 million in cash and short-term investments, net debt of $1.0 billion. It returned $242.6 million to shareholders: $114.0 million in dividends and $128.6 million in share buybacks, 87% of free cash flow.
See the LCII income statement, the LCII chart for price history, or the LCII stock overview for the latest quote and news.
LCII key metrics FAQ
What is LCI Industries's P/E ratio?
LCI Industries's trailing P/E ratio is 9.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 9.5. At the end of fiscal 2025 it was 16.0, compared with a 10-year median of 18.4.
What is LCI Industries's EV/EBITDA?
LCI Industries's enterprise value was 9.8 times EBITDA at the end of fiscal 2025 (enterprise value $4.0 billion, EBITDA $412.0 million); the current EV/EBITDA is 6.8.
What is LCI Industries's return on equity?
LCI Industries's return on equity (ROE) was 13.7% in fiscal 2025: net income of $188.2 million on average shareholders' equity of $1.4 billion.
What is LCI Industries's ROIC?
LCI Industries's return on invested capital was 9.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does LCI Industries have?
LCI Industries had total debt of $1.2 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.91 and $1.0 billion of net debt (2.46 times EBITDA).
What is LCI Industries's dividend yield?
LCI Industries's forward dividend yield is 5.48%. LCI Industries paid $114.0 million in dividends in fiscal 2025 ($4.59 per share), a payout ratio of 60.6%.
Does LCI Industries buy back its shares?
Yes. LCI Industries spent $128.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.6% over the year, to 24.9M..
What is LCI Industries's free cash flow yield?
LCI Industries generated $278.3 million of free cash flow in fiscal 2025, a free cash flow yield of 9.2% on its market value at year-end ($3.0 billion).
What is LCI Industries's current ratio?
LCI Industries's current ratio was 2.85 at the end of fiscal 2025: current assets were 2.85 times current liabilities.