MARKETS / NYSE / LCII

NYSE · MOTOR VEHICLE PARTS & ACCESSORIES · LARGE CAP

LCI Industries LCII

17 fiscal years on record · USD · FY2025 reported · SEC filings only

9 YEARS OF DIVIDEND GROWTH

Revenue

$4.1B

▲ 10.2% YoY

Net income

$188.2M

▲ 31.8% YoY

Free cash flow

$278.3M

▼ 15.1% YoY

In brief

What this company does

LCI Industries, through its wholly-owned subsidiary Lippert Components, Inc. and its subsidiaries, supplies engineered components to the outdoor recreation, transportation, marine, and housing industries. At December 31, 2025, it operated over 100 manufacturing facilities located throughout North America and Europe, supporting the recreational vehicle, transportation, marine, and housing industries. As of December 31, 2025, Lippert had approximately 12,300 full-time team members, including 10,900 in North America and 1,400 internationally. The company operates in two primary segments, OEM and Aftermarket. Its OEM Segment services original equipment manufacturers in the RV, transportation, marine, and housing markets, and contributed 77 percent of consolidated net sales and 66 percent of consolidated operating profit in 2025. Its Aftermarket Segment offers discretionary accessories, replacement parts, and upgrades sold through retail dealers, wholesale distributors, service centers, and direct-to-consumer online sales, and contributed 23 percent of consolidated net sales and 34 percent of consolidated operating profit in 2025. The company was incorporated under the laws of Delaware on March 20, 1984, as successor to Drew National Corporation, which had been incorporated under the laws of Delaware in 1962.

Written from the business description in LCI INDUSTRIES's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.1B

Revenue, FY2025 · full 17-year series below

Revenue $B Net income $B

FY2025 · Revenue 4.1 · Net income 0.2

Compound annual growth

Revenue

−7.5%

+8.1%

+11.4%

+14.1%

Net income

−21.9%

+3.5%

+9.7%

+13.5%

EPS, diluted

−21.2%

+3.8%

+9.6%

+12.7%

Dividend / share

+4.3%

+10.4%

+8.7%

+7.8%

Returned to shareholders

+24.2%

+28.1%

+17.5%

+43.8%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +8.1% a year over five years — but profit grew slower: net income at +3.5%, earnings per share at +3.8%.

The share count fell from 0.03B to 0.02B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 6.8% · Net 4.6%

ROE

FY2025 · ROE 13.7%

Gross margin23.8%

Operating margin6.8%

Net margin4.6%

Return on assets6.2%

EBITDAUSD 401.2M

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders

USD 242.6M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 278.3

Net buybacks $M Dividends $M

FY2025 · Dividends 114.0 · Net buybacks 128.6

Dividends paidUSD 114.0M

Net buybacksUSD 128.6M

Share of profit128.9%

Consecutive raises9 years

USD 114.0M in dividends and USD 128.6M in buybacks — 129% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 3.2B

EquityUSD 1.4B

CashUSD 222.6M

Gross debtUSD 945.2M

Net debtUSD 722.6M

Current ratio2.85×

Net debt stands at 53% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	4.1	3.7	3.8	5.2	4.5	2.8	2.4	2.5	2.1	1.7	1.4	1.2	1.0	0.9	0.7	0.6	0.4
Operating income $B	0.3	0.2	0.1	0.6	0.4	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.1	0.1	0.0	0.0	−0.0
EBITDA $B	0.4	0.3	0.3	0.7	0.5	0.3	0.3	0.3	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.1	−0.0
Income tax $B	0.1	0.0	0.0	0.1	0.1	0.1	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
Net income $B	0.2	0.1	0.1	0.4	0.3	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	−0.0
Free cash flow $B	0.3	0.3	0.5	0.5	−0.2	0.2	0.2	0.0	0.1	0.2	0.1	0.1	0.1	0.0	0.0	0.0	0.1
EPS, diluted $	7.57	5.60	2.52	15.48	11.32	6.27	5.84	5.83	5.24	5.20	3.02	2.56	2.11	1.64	1.34	1.26	−1.10
Dividend / sh $	4.60	4.30	4.20	4.05	3.45	2.80	2.55	2.35	2.05	1.40	2.00	2.00	2.00	2.00	·	1.50	·
Payout %	61	77	166	26	30	44	44	40	38	27	65	·	·	·	·	·	·
ROE %	13.7	10.4	4.7	31.9	28.8	18.5	19.4	21.9	22.1	26.2	17.8	17.6	16.8	13.3	11.5	11.5	−9.9
Shares out B	0.02	0.03	0.03	0.03	0.03	0.03	0.03	·	·	·	·	·	·	·	·	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityMotor Vehicle Parts & Accessories

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009