LCI Industries (LCII) AI Stock Analysis

• Market Cap: $2.95B
• Dividend Yield: 3.78%
• Average Volume (3M): 313.22K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.96
• Revenue Growth: 5.74%
• EPS Growth: 39.40%
• Country: US
• Employees: 11,500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 1.97
• Shares Outstanding: 24,198,010
• 10 Day Avg. Volume: 261,623
• 30 Day Avg. Volume: 313,221
• PEG Ratio: 0.15
• Price to Book (P/B): 1.90
• Price to Sales (P/S): 0.70
• P/FCF Ratio: 8.02
• Enterprise Value/Market Cap: 1.11
• Enterprise Value/Revenue: 0.82
• Enterprise Value/Gross Profit: 3.47
• Enterprise Value/Ebitda: 8.37
• 1Y Price Target: $115.20
• Price Target Upside: -5.39% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 7.08
• Revenue Forecast (FY): $4.08B

• Rating: 79 Outperform
• Price Target: $132.00 ▲(8.41% Upside)

LCI Industries exhibits strong financial health and technical momentum, supported by a solid earnings call and strategic corporate events. The company's valuation is reasonable with an attractive dividend yield. While there are challenges related to material costs, the overall outlook remains positive, driven by innovation and market expansion strategies.

Positive Factors

Revenue Growth

Strong sales growth indicates robust demand and effective market strategies, supporting long-term revenue expansion and market positioning.

Innovation and Product Development

Continued innovation drives competitive advantage and market differentiation, ensuring sustained growth and customer engagement.

Strategic Acquisitions

Strategic acquisitions expand product lines and market reach, strengthening the company's position in key segments and boosting long-term growth.

Negative Factors

Material Costs Impact

Rising material costs can compress margins, impacting profitability and financial flexibility, posing a risk to long-term financial health.

Automotive Aftermarket Challenges

Challenges in the automotive aftermarket segment may hinder revenue growth and require strategic adjustments to maintain market share.

EBIT Margin Pressure

Decreasing EBIT margins indicate potential cost pressures, which could affect profitability and require improved cost management strategies.

LCI Industries Business Overview & Revenue Model

Company Description

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories. This segment serves OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing, as well as travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers. The Aftermarket segment supplies various components of RV and adjacent industries to retail dealers, wholesale distributors, and service centers. This segment also sells replacement glass and awnings to fulfill insurance claims; and biminis, covers, buoys, and fenders to the marine industry. The company was formerly known as Drew Industries Incorporated and changed its name to LCI Industries in December 2016. LCI Industries was incorporated in 1984 and is based in Elkhart, Indiana.

How the Company Makes Money

LCI Industries generates revenue primarily through the sale of its extensive range of components to manufacturers in the RV, marine, and trailer markets. The company benefits from a diversified revenue model that includes direct sales to OEMs (original equipment manufacturers) and aftermarket sales to distributors and retailers. Key revenue streams include the sale of axles, chassis, slide-out mechanisms, and other essential components. Additionally, LCI has established significant partnerships with major RV manufacturers, which provide a steady stream of orders and contribute to its earnings stability. The company's focus on innovation and product expansion, along with the growing popularity of outdoor recreational activities, further bolster its revenue potential.

LCI Industries Financial Statement Overview

Summary

LCI Industries demonstrates a solid financial position with improved revenue growth and profitability margins. The balance sheet shows reduced leverage and strong equity returns, enhancing financial stability. Cash flow generation is positive, though there is potential for further improvement in cash profitability.

Income Statement

LCI Industries shows a positive revenue growth rate of 3.13% TTM, indicating recovery from previous declines. The gross profit margin is stable at 23.64%, while the net profit margin improved to 4.49% TTM. However, the EBIT margin decreased to 4.44% TTM, reflecting potential cost pressures. Overall, the income statement reflects a moderate growth trajectory with stable profitability.

Balance Sheet

The company has significantly reduced its debt-to-equity ratio to 0.19 TTM, indicating improved financial stability. The return on equity is strong at 13.03% TTM, showcasing effective use of equity. The equity ratio stands at 42.98%, suggesting a solid capital structure. Overall, the balance sheet reflects strong financial health and reduced leverage.

Cash Flow

Free cash flow growth is positive at 4.22% TTM, indicating improved cash generation. The operating cash flow to net income ratio is 0.73 TTM, suggesting efficient cash conversion. However, the free cash flow to net income ratio is slightly lower at 0.86 TTM, indicating room for improvement in cash profitability. Overall, the cash flow statement reflects a positive cash flow trajectory with some areas for enhancement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.99B	3.74B	3.78B	5.21B	4.47B	2.80B
Gross Profit	943.79M	879.72M	776.19M	1.27B	1.04B	706.09M
EBITDA	391.59M	343.93M	255.20M	682.24M	513.03M	320.91M
Net Income	179.11M	142.87M	64.19M	394.97M	287.74M	158.44M
Balance Sheet
Total Assets	3.17B	2.89B	2.96B	3.25B	3.29B	2.30B
Cash, Cash Equivalents and Short-Term Investments	199.72M	165.76M	66.16M	47.50M	62.90M	51.82M
Total Debt	1.20B	995.85M	1.11B	1.38B	1.48B	846.39M
Total Liabilities	1.81B	1.51B	1.60B	1.87B	2.20B	1.39B
Stockholders Equity	1.36B	1.39B	1.36B	1.38B	1.09B	908.33M
Cash Flow
Free Cash Flow	309.69M	327.95M	465.02M	471.87M	-210.11M	174.05M
Operating Cash Flow	358.70M	370.28M	527.23M	602.51M	-111.57M	231.40M
Investing Cash Flow	-132.17M	-61.10M	-83.75M	-241.79M	-281.22M	-232.30M
Financing Cash Flow	-187.25M	-208.22M	-426.18M	-374.87M	404.56M	14.05M

LCI Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 121.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LCII, the sentiment is Positive. The current price of 121.76 is above the 20-day moving average (MA) of 113.16, above the 50-day MA of 102.22, and above the 200-day MA of 93.37, indicating a bullish trend. The MACD of 4.77 indicates Negative momentum. The RSI at 74.77 is Negative, neither overbought nor oversold. The STOCH value of 93.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LCII.

LCI Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LCII	79 Outperform	$2.95B	17.00	12.89%	3.78%	5.74%	39.40%
THO	69 Neutral	$5.41B	19.37	6.75%	1.97%	1.43%	34.76%
WGO	69 Neutral	$1.11B	43.21	2.06%	3.49%	-5.90%	119.79%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PII	61 Neutral	$3.83B	-25.62	-12.15%	3.94%	-9.39%	-173.86%
HOG	60 Neutral	$2.55B	5.24	14.31%	3.33%	-15.99%	-6.76%
BC	52 Neutral	$4.80B	-20.37	-12.31%	2.33%	-4.78%	-189.89%

LCI Industries Corporate Events

LCI Industries Declares Quarterly Cash Dividend

On November 13, 2025, LCI Industries announced that its Board of Directors approved a regular quarterly cash dividend of $1.15 per share of common stock, payable on December 12, 2025, to stockholders of record as of November 28, 2025. This decision reflects the company’s ongoing commitment to returning value to its shareholders and may positively impact its market positioning and investor relations.

LCI Industries Sets $5 Billion Revenue Target by 2027

LCI Industries has outlined its strategic goals for the upcoming years, aiming for a $5 billion organic revenue target by 2027 with a focus on innovation and operational efficiency. The company plans to capitalize on recovery in the RV and marine markets, improve internal efficiencies, and expand its market presence through new product introductions and facility consolidations, aiming for a return to double-digit operating margins.

LCI Industries to Participate in Truist Summit

LCI Industries announced its participation in the Truist Securities Gaming, Lodging, Leisure & Restaurants Summit on November 20, 2025, where CFO Lillian Etzkorn will engage with institutional investors and analysts. This participation is expected to strengthen LCI Industries’ industry positioning and provide insights into its strategic direction, potentially impacting stakeholders positively.

LCI Industries Reports Strong Q3 2025 Sales Growth

In its third quarter of 2025, LCI Industries reported a 13% increase in sales, surpassing $1 billion, driven by strong performance in its RV and adjacent businesses. The company achieved a 7.3% operating margin, reflecting disciplined cost management and productivity initiatives. LCI’s strategic acquisitions and innovations, such as the Furrion Chill Cube Air Conditioner and anti-lock braking systems, have significantly contributed to its growth. The company also expanded its market presence through acquisitions like Bigfoot Leveling and Moss Supply, enhancing its offerings in hydraulic leveling systems and residential windows. Additionally, LCI’s aftermarket segment saw a 7% increase in net sales, supported by a robust OEM content strategy and investments in service infrastructure.

LCI Industries to Release Q3 2025 Financial Results

LCI Industries announced it will release its third quarter 2025 financial results on October 30, 2025, before the market opens. A conference call and webcast will follow to discuss the results, featuring a Q&A session with institutional investors and analysts, highlighting the company’s engagement with its stakeholders.

LCI Industries Acquires Leveltron to Expand Offerings

On October 13, 2025, LCI Industries announced that its subsidiary, Lippert Components Manufacturing, Inc., acquired the business assets of Leveltron, LLC, the provider of Bigfoot Hydraulic Systems. This acquisition is set to enhance Lippert’s product offerings in the RV and utility trailer markets, with plans to expand Bigfoot’s aftermarket footprint through Lippert’s extensive distribution and dealer networks.

LCI Industries Highlights Strategic Focus in September 2025

LCI Industries‘ investor presentation in September 2025 highlighted the company’s strategic focus on innovation, operational efficiency, and market expansion. The company aims for significant growth with a target of $5 billion in organic revenue by 2027, driven by investments in R&D and a strong focus on aftermarket services. LCI Industries plans to capitalize on recovery in the RV and marine sectors, improve operational efficiencies, and introduce new products to gain market share. The company also emphasized its competitive advantages, including its scale, expertise, and ability to rapidly scale production, which are expected to fuel profitable growth and enhance shareholder returns.