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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
$4.1B
▲ 10.2% YoY
$188.2M
▲ 31.8% YoY
$278.3M
▼ 15.1% YoY

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

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
2B4B
2009201220152018202120242025
Compound annual growth
−7.5%
+8.1%
+11.4%
+14.1%
−21.9%
+3.5%
+9.7%
+13.5%
−21.2%
+3.8%
+9.6%
+12.7%
+4.3%
+10.4%
+8.7%
+24.2%
+28.1%
+17.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.1% a year over the five years to FY2025 — 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%
5%10%-5%
200920172025
ROE
FY2025 · ROE 13.7%
10%20%30%-5%
200920172025
Three returns, three denominators.

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
200M400M-100M-200M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 114.0 · Net buybacks 128.6
100M200MDividendsNet buybacks
2010201520172019202120232025

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—not applicable◌not available in our data
LCII, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B4.13.73.85.24.52.82.42.52.11.71.41.21.00.90.70.60.4
Operating income $B0.30.20.10.60.40.20.20.20.20.20.10.10.10.10.00.0−0.0
EBITDA $B0.40.30.30.70.50.30.30.30.30.20.20.10.10.10.10.1−0.0
Income tax $B0.10.00.00.10.10.10.00.00.10.10.00.00.00.00.00.0−0.0
Net income $B0.20.10.10.40.30.20.10.10.10.10.10.10.10.00.00.0−0.0
Free cash flow $B0.30.30.50.5−0.20.20.20.00.10.20.10.10.10.00.00.00.1
EPS, diluted $7.575.602.5215.4811.326.275.845.835.245.203.022.562.111.641.341.26−1.10
Dividend / sh $4.604.304.204.053.452.802.552.352.051.402.002.002.002.00◌1.50◌
Payout %61771662630444440382765——————
ROE %13.710.44.731.928.818.519.421.922.126.217.817.616.813.311.511.5−9.9
Shares out B0.020.030.030.030.030.030.03◌◌◌◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityMotor Vehicle Parts & Accessories
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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