Lindsay (LNN) AI Stock Analysis

• Market Cap: $1.42B
• Dividend Yield: 1.24%
• Average Volume (3M): 137.49K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 0.69
• Revenue Growth: 11.41%
• EPS Growth: 13.05%
• Country: US
• Employees: 1,280
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): 1.54
• Shares Outstanding: 10,454,669
• 10 Day Avg. Volume: 158,542
• 30 Day Avg. Volume: 137,494
• PEG Ratio: 1.56
• Price to Book (P/B): 2.80
• Price to Sales (P/S): 2.20
• P/FCF Ratio: 16.48
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 2.05
• Enterprise Value/Gross Profit: 6.46
• Enterprise Value/Ebitda: 11.72
• 1Y Price Target: $128.00
• Price Target Upside: -4.97% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): 6.34
• Revenue Forecast (FY): $661.91M

• Rating: 70 Outperform
• Price Target: $149.00 ▲(10.62% Upside)
• Action: Upgraded Date: 01/12/26
• Date: Action: Upgraded 01/12/26

LNN scores solidly on strong balance-sheet strength and steady profitability, which are partially offset by weaker cash conversion and choppy/slowing revenue. Technicals show improving near-term momentum but a still-soft longer-term trend, while valuation is reasonable rather than compelling. The latest call reinforced resilience and capital returns, but near-term demand and free-cash-flow headwinds keep the score from being higher.

Positive Factors

Conservative balance sheet and liquidity

Low leverage and sizable liquidity provide durable financial flexibility: roughly 0.25x debt/equity and strong cash positions allow the company to fund capex, absorb cyclical revenue swings, pursue international projects, and sustain buybacks without immediate refinancing risk.

Resilient margins in irrigation segment

Sustained irrigation margins reflect pricing power, cost control and productivity gains; durable margin resilience helps protect profitability through demand cycles and supports reinvestment and shareholder returns even when unit volumes are soft.

Ability to win large international projects

Securing large, multi‑year international contracts demonstrates competitive position and market access. Such project wins diversify revenue by geography and customer type, smoothing domestic cyclicality and creating a multiyear revenue pipeline when executed.

Negative Factors

Choppy and slowing revenue trends

Uneven top-line performance and recent declines reduce predictability of sales and capacity utilization. Choppy revenue complicates planning for production, pricing and capital allocation and may delay margin leverage until sustained demand recovery occurs.

Weakened free cash flow and cash conversion

Material FCF deterioration and only moderate cash conversion raise questions about cash resilience if headwinds persist. Higher working capital and elevated capex can constrain internal funding for growth or returns and increase sensitivity to cyclical revenue swings.

Structural demand pressure and lumpy project timing

Persistent external pressures and uneven project timing (e.g., Road Zipper comparables) weigh on equipment purchases globally. Constrained farm credit and low commodity prices can suppress investment cycles, prolonging weak demand and making revenue cadence volatile.

Lindsay Business Overview & Revenue Model

Company Description

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It also offers repair and replacement parts for its irrigation systems and controls; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, and smartphone applications; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand. The Infrastructure segment provides Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and re-directive and non-re-directive crash cushions, which are used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards. It also offers specialty barrier products; road marking and road safety equipment; and railroad signals and structures, and diameter steel tubing products, as well as outsourced manufacturing and production services for other companies. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.

How the Company Makes Money

Lindsay generates revenue through several key streams, primarily from the sale of irrigation systems and related equipment. The company earns money by selling its center pivot and lateral move irrigation systems directly to farmers and agricultural distributors. Additionally, Lindsay provides aftermarket services, including parts and maintenance, which contribute significantly to recurring revenue. Partnerships with agricultural co-ops, retailers, and distributors enhance their market reach and drive sales. The company also benefits from government subsidies and programs aimed at promoting water conservation and efficient agriculture, which can incentivize the purchase of their products.

Lindsay Financial Statement Overview

Summary

Fundamentals are healthy overall: solid profitability (TTM gross margin ~31.7%, net margin ~11%) and a conservative balance sheet (debt ~0.25x equity, ~14% ROE). Offsetting this, revenue has been uneven with a slight TTM decline, and cash flow quality weakened (TTM free cash flow down ~30% with only ~57% conversion vs. net income and historical volatility).

Income Statement

Profitability is solid in the most recent TTM (Trailing-Twelve-Months), with gross margin around 31.7% and net margin around 11.0%, broadly consistent with the last few annual periods. However, growth has been choppy: revenue is slightly down in TTM (Trailing-Twelve-Months) and has fluctuated meaningfully year to year (strong growth in 2022 followed by declines in 2023–2024). Operating profitability also eased versus the 2023 peak, suggesting some margin pressure or less favorable mix.

Balance Sheet

The balance sheet appears conservatively positioned with low leverage: debt is about 0.25x equity in TTM (Trailing-Twelve-Months), improved from higher levels earlier in the period. Equity has grown over time, and returns on equity remain healthy at roughly 14% in TTM (Trailing-Twelve-Months). The main watch item is that returns are down from the stronger 2022–2023 levels, indicating profitability has normalized even as the capital base expanded.

Cash Flow

Cash generation is positive, with TTM (Trailing-Twelve-Months) operating cash flow and free cash flow both solidly positive. That said, free cash flow fell sharply versus the prior annual period (TTM free cash flow down ~30%), and cash conversion is only moderate, with free cash flow at roughly 57% of net income in TTM (Trailing-Twelve-Months). The history also shows volatility (notably very weak cash flow in 2022), which raises the risk that working capital and investment needs can swing results.

Breakdown	TTM	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021
Income Statement
Total Revenue	665.90M	676.37M	607.07M	674.08M	770.74M	567.65M
Gross Profit	210.92M	210.78M	191.06M	213.01M	199.18M	150.21M
EBITDA	116.31M	117.31M	99.98M	123.44M	107.64M	74.31M
Net Income	73.41M	74.05M	66.26M	72.38M	65.47M	42.57M
Balance Sheet
Total Assets	828.40M	840.84M	760.23M	745.66M	710.65M	637.18M
Cash, Cash Equivalents and Short-Term Investments	199.62M	250.57M	190.88M	166.31M	116.51M	146.71M
Total Debt	135.87M	136.51M	134.39M	136.11M	138.53M	138.02M
Total Liabilities	310.24M	307.99M	279.34M	290.01M	317.30M	298.74M
Stockholders Equity	518.16M	532.85M	480.89M	455.65M	393.36M	338.44M
Cash Flow
Free Cash Flow	62.88M	90.41M	66.78M	100.93M	-12.55M	17.46M
Operating Cash Flow	110.71M	132.91M	95.76M	119.71M	3.05M	43.97M
Investing Cash Flow	-55.40M	-48.57M	-25.94M	-47.42M	-8.95M	-27.62M
Financing Cash Flow	-56.91M	-26.85M	-38.64M	-17.30M	-12.69M	-11.66M

Lindsay Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 134.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNN, the sentiment is Positive. The current price of 134.7 is above the 20-day moving average (MA) of 132.68, above the 50-day MA of 126.20, and above the 200-day MA of 130.27, indicating a bullish trend. The MACD of 2.73 indicates Positive momentum. The RSI at 60.32 is Neutral, neither overbought nor oversold. The STOCH value of 19.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LNN.

Lindsay Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LNN	70 Outperform	$1.42B	20.10	14.61%	1.24%	11.41%	13.05%
ALG	70 Outperform	$2.61B	22.31	10.82%	0.69%	-2.73%	-2.91%
DE	68 Neutral	$174.72B	36.34	19.74%	1.34%	-11.66%	-27.80%
ASTE	67 Neutral	$1.34B	34.83	5.88%	1.14%	6.66%	―
TEX	67 Neutral	$7.83B	20.66	11.26%	1.24%	4.60%	-65.73%
AGCO	64 Neutral	$9.84B	13.92	18.13%	1.10%	-20.09%	121.28%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Lindsay Corporate Events

Lindsay Appoints New Chief Accounting Officer, Reports Strong Vote

On January 6, 2026, Lindsay Corporation appointed long-time finance executive Brett R. Coburn, 34, as vice president and chief accounting officer, formalizing his rise through the company’s accounting ranks since he joined in 2019 and bringing additional public company and audit experience in-house from his prior roles at Ballantyne Strong and KPMG. His compensation package will align with his seniority and includes eligibility for standard company benefits, while the company confirmed there are no related-party or conflicted-transaction concerns tied to his appointment. On the same date, at its fiscal 2026 annual meeting of stockholders, Lindsay reported an 88% turnout of eligible shares, re-elected three directors to terms expiring in 2029, secured shareholder ratification of KPMG as its independent auditor for the fiscal year ending August 31, 2026, and won advisory shareholder approval of executive compensation, signaling broad investor support for the company’s leadership, governance, and pay practices.

The most recent analyst rating on (LNN) stock is a Hold with a $139.00 price target. To see the full list of analyst forecasts on Lindsay stock, see the LNN Stock Forecast page.