LCI Industries (LCII) AI Stock Analysis

• Market Cap: $2.60B
• Dividend Yield: 4.19%
• Average Volume (3M): 319.77K
• Price to Earnings (P/E): 17.9
• Beta (1Y): 1.07
• Revenue Growth: 1.36%
• EPS Growth: 25.97%
• Country: US
• Employees: 11,500
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Auto - Recreational Vehicles
• EPS (TTM): 2.39
• Shares Outstanding: 24,244,284
• 10 Day Avg. Volume: 311,905
• 30 Day Avg. Volume: 319,775
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 0.85
• Enterprise Value/Gross Profit: 3.63
• Enterprise Value/Ebitda: 10.31
• 1Y Price Target: $100.75
• Price Target Upside: -6.20% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 73 Outperform
• Price Target: $114.00 ▲(6.14% Upside)

LCI Industries' overall stock score is driven by strong earnings call insights and positive technical indicators. Financial performance is stable but hindered by profitability and cash flow challenges. Valuation metrics are favorable, with a reasonable P/E ratio and attractive dividend yield.

Positive Factors

Earnings

LCI reported 2Q25 results that modestly beat expectations on the top and bottom lines.

Financial Performance

LCII reported results that meaningfully beat expectations, maintaining a Buy rating and $130 price target.

Market Position

Gaining share across top 5 RV products, with share gains and innovation driving positive organic CPU growth.

Negative Factors

Consumer Trends

The consumer shift to value-oriented products pressured results, with a decline in single-axle trailers hinting at potential easing.

Product Demand

The consumer shift to value-oriented products pressured results, with a decline in single-axle trailers hinting at potential easing.

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 engineered components to manufacturers in the RV, marine, and manufactured housing sectors. The company has a diverse revenue model that includes direct sales to original equipment manufacturers (OEMs) and aftermarket sales to dealers and retailers. Key revenue streams come from the production of axles, chassis, and other essential components that are integral to the construction of RVs and trailers. Additionally, LCI has established significant partnerships with major RV manufacturers, enhancing its market position and ensuring a steady demand for its products. The company also benefits from ongoing trends in outdoor recreation and travel, which drive sales in the RV industry, contributing to its overall earnings.

LCI Industries Financial Statement Overview

Summary

LCI Industries shows moderate revenue growth and stable gross profit margins, but low net profit margins and declining cash flow generation are concerns. The company's improved debt-to-equity ratio and solid equity base indicate financial stability.

Income Statement

LCI Industries shows a moderate revenue growth rate of 1.38% in the TTM, recovering from a decline in previous years. The gross profit margin remains stable at around 23.5%, indicating consistent cost management. However, the net profit margin is relatively low at 3.93%, suggesting room for improvement in profitability. The EBIT and EBITDA margins are also modest, reflecting operational challenges.

Balance Sheet

The company's debt-to-equity ratio has improved significantly to 0.19 in the TTM, indicating a strong reduction in leverage and improved financial stability. Return on equity is healthy at 10.96%, showing effective use of shareholder funds. The equity ratio stands at 43.63%, suggesting a solid equity base relative to assets.

Cash Flow

Free cash flow has decreased by 21.36% in the TTM, highlighting potential cash flow challenges. The operating cash flow to net income ratio is 0.70, indicating a decent conversion of income to cash. The free cash flow to net income ratio is strong at 0.87, showing effective cash generation relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.87B	3.74B	3.78B	5.21B	4.47B	2.80B
Gross Profit	911.13M	879.72M	776.19M	1.27B	1.04B	706.09M
EBITDA	320.65M	343.93M	255.20M	682.24M	510.73M	320.91M
Net Income	152.23M	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	191.93M	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	1.79B	1.51B	1.60B	1.87B	2.20B	1.39B
Stockholders Equity	1.39B	1.39B	1.36B	1.38B	1.09B	908.33M
Cash Flow
Free Cash Flow	297.16M	327.95M	465.02M	471.87M	-210.11M	174.05M
Operating Cash Flow	339.94M	370.28M	527.23M	602.51M	-111.57M	231.40M
Investing Cash Flow	-143.72M	-61.10M	-83.75M	-241.79M	-281.22M	-232.30M
Financing Cash Flow	-133.23M	-208.22M	-426.18M	-374.87M	404.56M	14.05M

LCI Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 107.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 107.41 is above the 20-day moving average (MA) of 99.47, above the 50-day MA of 96.82, and above the 200-day MA of 96.70, indicating a bullish trend. The MACD of 2.24 indicates Negative momentum. The RSI at 66.03 is Neutral, neither overbought nor oversold. The STOCH value of 72.00 is Neutral, 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	73 Outperform	$2.60B	17.90	10.95%	4.19%	1.36%	25.97%
Sector *	72 Outperform	€36.03B	37.16	12.60%	7.62%	4.55%	26.31%
BC	72 Outperform	$4.06B	98.18	2.85%	2.59%	-11.58%	-87.27%
THO	69 Neutral	$5.59B	25.20	5.42%	1.79%	-6.41%	-15.85%
PII	60 Neutral	$3.00B	69.60	-8.54%	4.65%	-16.63%	-132.70%
MBUU	60 Neutral	$689.72M	―	-1.68%	―	-27.18%	84.33%
WGO	54 Neutral	$947.15M	―	-1.35%	3.75%	-9.32%	-120.00%

LCI Industries Corporate Events

LCI Industries Declares Quarterly Cash Dividend

On August 15, 2025, LCI Industries announced that its Board of Directors approved a regular quarterly cash dividend of $1.15 per share of common stock. This dividend is payable on September 12, 2025, to stockholders of record as of August 29, 2025, reflecting the company’s ongoing commitment to returning value to its shareholders.

LCI Industries Highlights Strategic Focus in Investor Presentation

In its recent investor presentation, LCI Industries highlighted its strategic focus on innovation and operational efficiency to drive long-term growth. The company reported a 34% growth in net sales from 2020 to 2024 and aims to achieve $5 billion in organic revenue by 2027. LCI Industries plans to capitalize on recovering markets, particularly in the RV and marine sectors, and continue expanding its product offerings and market share through acquisitions and enhanced customer service. The company is also targeting improvements in operating margins and cost structures to sustain its competitive edge.

LCI Industries Reports Strong Q2 2025 Results

LCI Industries reported strong second quarter 2025 results with $1.1 billion in sales, marking a 5% year-over-year increase despite challenges in RV retail demand due to elevated interest rates. The company’s growth was driven by market share gains in key product categories and successful acquisitions, which bolstered its position in the bus market. LCI’s strategic initiatives, including supply chain diversification and facility optimization, contributed to improved margins and resilience against macroeconomic pressures. The company also highlighted the success of its product innovations and aftermarket sales, which are expected to support long-term growth.

LCI Industries to Announce Q2 2025 Financial Results

On July 22, 2025, LCI Industries announced it will release its second quarter 2025 financial results on August 5, 2025, before the market opens. A conference call and webcast will be held the same day to discuss the results, featuring a Q&A session with institutional investors and analysts. This event is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction.

LCI Industries to Attend CJS Securities Conference

LCI Industries announced its participation in the CJS Securities 25th Annual Summer Conference on July 10, 2025, where key executives will present and engage with institutional investors and analysts. This event highlights LCI’s proactive engagement with stakeholders and may influence its market positioning and investor relations.

LCI Industries Announces Executive VP Resignation

On June 6, 2025, Andrew J. Namenye, Executive Vice President, Chief Legal and HR Officer, and Corporate Secretary of LCI Industries, announced his voluntary resignation, effective by July 31, 2025. A Separation Agreement was established, ensuring Mr. Namenye’s salary and benefits remain unchanged until his departure, with severance compensation and benefits outlined, including a substantial financial package and accelerated stock vesting, highlighting the company’s structured approach to executive transitions.

LCI Industries to Attend June 2025 Investor Conferences

LCI Industries announced its participation in three investor conferences in June 2025, including the Stifel 2025 Boston Cross Sector 1×1 Conference, Baird 2025 Global Consumer, Technology & Services Conference, and Wells Fargo 2025 Industrials & Materials Conference. The company aims to engage with institutional investors and analysts through presentations, fireside chats, and one-on-one meetings, potentially impacting its industry positioning and stakeholder relations.

LCI Industries Targets $5 Billion Revenue by 2027

LCI Industries reported significant progress in 2024, achieving a 34% growth in net sales from 2020 to 2024 and a strong free cash flow conversion rate. The company is poised for continued growth, targeting $5 billion in organic revenue by 2027, driven by innovation, operational improvements, and expanding market presence.