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Maker of commercial and industrial lighting fixtures and controls, plus building-management software.
Maker of commercial and industrial lighting fixtures and controls, plus building-management software.
Sells lighting and controls mostly through independent sales agents and electrical distributors, with contractors specifying fixtures on building projects, and Lithonia products sold in home-improvement stores. Its results follow commercial building and renovation activity and LED retrofits. The controls subsidiary, Distech Controls, is the smaller side.
Moat: narrow (brand, distribution). Large distributor/contractor network and broad product catalog in a fragmented lighting market.
Headquarters: Atlanta, Georgia, US · Founded: 2001 · Employees: 13,900
Size Acuity (AYI) is a United States Industrials company (Electrical Products) with a market value of $9.59B, the 797th largest of 3,117 United States companies the cockpit tracks. Shares closed at $323.06 on 6 Nov 2026.
Performance Over six months the shares gained 10.1%, against -21.4% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median +11.7%); the operating margin is 15.9% (peer median 13.2%).
Valuation It trades at 15.1× forward earnings against a peer median of 17.4× (9th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.9 points above its cost of capital (10.6% WACC).
Credit Acuity has 1 bond outstanding ($500M), rated BBB by the agencies and trading like AA- at a weighted spread of 56 bp.
Short interest Short interest is 4.0% of the free float (15 Oct 2026).
Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $4.64B | $4.64B | $4.35B | $3.84B | $3.95B |
| Revenue growth | — | +7% | +13% | -3% | — |
| Gross profit | $2.26B | $2.26B | $2.00B | $1.74B | $1.67B |
| EBITDA | $894M | $894M | $750M | $647M | $594M |
| Net income | $531M | $531M | $397M | $423M | $346M |
| Free cash flow | $748M | $748M | $533M | $555M | $511M |
| Capital expenditure | $77.7M | $77.7M | $68.4M | $64.0M | $66.7M |
| Total debt | $809M | $809M | $1.00B | $574M | $591M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Acuity AYI | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% |
| Signify LIGHT.AS | $2.09B | -26% | -8% | 7% | 8.5× | -12.5% |
| Hubbell HUBB | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% |
| Eaton ETN | $133B | -15% | +20% | 19% | 21.4× | 19.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AYI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.5% | -8.1% | 2nd highest of 21 |
| 6-month return | +10.1% | -21.4% | highest of 20 |
| Distance from 52-week high | -15.0% | -40.8% | 2nd highest of 21 |
| Revenue growth (TTM) | +6.8% | +11.7% | 7th lowest of 20 |
| Operating margin | 15.9% | 13.2% | 7th highest of 21 |
| Forward P/E | 15.1× | 17.4× | 9th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 6.6% | 6.5% | 8th most demanding of 16 |
| Growth delivered (Del g) | +6.0% | +13.7% | 2nd lowest of 15 |
| Hurdle (Req g minus delivered) | +0.6 pp | -9.2 pp | 5th most demanding of 15 |
| ROIC minus cost of capital | +7.9 pp | +14.0 pp | 9th lowest of 20 |
| EV / EBITDA | 10.9× | 13.6× | 2nd cheapest of 12 |
| Net debt / EBITDA | 0.2× | -0.1× | 6th most indebted of 13 |
| Bond spread | 56 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |
| Anker Innovations Technology 300866.SZ | China | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% | +26.7% |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Goldwind Science & Technology 002202.SZ | China | $8.58B | -45% | +11% | 6% | 16.6× | n/a | n/a |
| SUPCON Technology 688777.SS | China | $8.58B | -9% | -6% | -3% | 116.4× | n/a | n/a |
| China XD Electric 601179.SS | China | $8.51B | -35% | +7% | 8% | 36.0× | n/a | n/a |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Sigenergy Technology 6656.HK | Hong Kong | $8.31B | -51% | +577% | 36% | 11.0× | n/a | n/a |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Bizlink 3665.TW | Taiwan | $8.00B | -54% | +33% | 17% | 14.2× | 5.3% | +25.9% |
| Zhejiang Chint Electrics 601877.SS | China | $7.97B | -24% | +4% | 14% | 10.1× | -8.3% | +12.1% |
Acuity has 1 bond outstanding with $500M face value. The agencies rate it BBB; its bonds trade like AA-. Weighted yield 5.14%, a spread of 56 bp over government bonds.