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Maker of components for recreational vehicles (RVs) and adjacent industries, including chassis, axles, furniture and appliances.
Maker of components for recreational vehicles (RVs) and adjacent industries, including chassis, axles, furniture and appliances.
Supplies parts to RV factories, so sales follow how many vehicles the manufacturers build, with a few big manufacturers taking a large share, and adds replacement sales to owners through dealers and distributors. It has grown largely by buying component makers and is adding marine, trailer and other uses.
Moat: narrow (scale, customer qualification, installed base). Largest supplier of RV components with deep OEM qualification and aftermarket distribution scale.
Headquarters: Elkhart, Indiana · Founded: 1956 · Employees: 12,300
Size LCI Industries (LCII) is a United States Consumer Discretionary company (Miscellaneous Manufacturing) with a market value of $2.38B, the 1689th largest of 3,117 United States companies the cockpit tracks. Shares closed at $97.81 on 6 Nov 2026.
Performance Over six months the shares fell 17.7%, against -4.9% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 4.0% over the last twelve months (peer median +3.4%); the operating margin is 7.5% (peer median 8.7%).
Valuation It trades at 11.3× forward earnings against a peer median of 15.3× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.0 points above its cost of capital (9.1% WACC).
Credit LCI Industries has 1 bond outstanding ($460M).
Short interest Short interest is 8.9% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.03B | $4.12B | $3.74B | $3.78B | $5.21B |
| Revenue growth | — | +10% | -1% | -27% | — |
| Gross profit | $1.03B | $923M | $820M | $711M | $1.21B |
| EBITDA | $424M | $401M | $344M | $255M | $682M |
| Net income | $211M | $188M | $143M | $64.2M | $395M |
| Free cash flow | $287M | $278M | $328M | $465M | $472M |
| Capital expenditure | $59.3M | $52.6M | $42.3M | $62.2M | $131M |
| Total debt | $1.15B | $1.24B | $996M | $1.11B | $1.38B |
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 |
|---|---|---|---|---|---|---|
| LCI Industries LCII | $2.38B | -18% | +4% | 7% | 11.3× | 2.0% |
| Patrick Industries PATK | $2.53B | -17% | +2% | 6% | 16.8× | 9.3% |
| Dometic DOM.ST | $755M | -29% | -6% | -13% | 11.4× | 3.4% |
| Thor Industries THO | $4.18B | +5% | 0% | 3% | 22.3× | 16.0% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LCII | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +22.0% | +5.4% | 3rd highest of 21 |
| 6-month return | -17.7% | -4.9% | 8th lowest of 21 |
| Distance from 52-week high | -38.7% | -28.7% | 8th lowest of 21 |
| Revenue growth (TTM) | +4.0% | +3.4% | 10th highest of 20 |
| Operating margin | 7.5% | 8.7% | 9th lowest of 20 |
| Forward P/E | 11.3× | 15.3× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 2.0% | 7.6% | 7th least demanding of 19 |
| Growth delivered (Del g) | +8.1% | +5.8% | 9th highest of 19 |
| Hurdle (Req g minus delivered) | -6.1 pp | +0.1 pp | 9th least demanding of 19 |
| ROIC minus cost of capital | +1.0 pp | -0.3 pp | 10th highest of 21 |
| EV / EBITDA | 7.8× | 11.0× | 8th cheapest of 18 |
| Net debt / EBITDA | 2.2× | 3.0× | 7th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LCI Industries LCII | United States | $2.38B | -18% | +4% | 7% | 11.3× | 2.0% | +8.1% |
| StubHub Holdings Incorporation STUB | United States | $2.35B | -20% | +8% | -65% | 17.7× | -10.3% | +117.8% |
| PENN Entertainment PENN | United States | $2.34B | +4% | +6% | 6% | 12.3× | 15.2% | +14.2% |
| Newell Brands NWL | United States | $2.33B | +20% | +1% | 9% | 8.2× | 0.4% | -5.2% |
| PHINIA PHIN | United States | $2.48B | -14% | +6% | 9% | 10.1× | 0.4% | +27.5% |
| RH RH | United States | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% | +3.8% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Patrick Industries PATK | United States | $2.53B | -17% | +2% | 6% | 16.8× | 9.3% | +9.7% |
| Lindblad Expeditions LIND | United States | $2.23B | +61% | +17% | 8% | 89.0× | 33.0% | +56.4% |
| Bob's Discount Furniture BOBS | United States | $2.54B | +42% | +17% | 9% | 20.2× | 13.4% | +4.0% |
| Under Armour UA | United States | $2.23B | -19% | -3% | 1% | 83.9× | n/a | n/a |
| Bright Horizons Family Solutions BFAM | United States | $2.57B | -24% | +7% | 10% | 9.8× | 5.0% | +14.1% |
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% | +1.1% |
| Kohl's KSS | United States | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% | -0.5% |
| IMAX IMAX | United States | $2.61B | +35% | +15% | 23% | 18.8× | 12.2% | +24.5% |
| Buckle BKE | United States | $2.16B | -20% | +6% | 22% | 10.3× | -5.2% | +7.6% |
| QuantumScape QS | United States | $2.66B | -43% | n/a | n/a | n/a | n/a | n/a |
| Capri CPRI | United States | $2.12B | +11% | -14% | 3% | 9.4× | 21.3% | -3.1% |
| GigaCloud Technology GCT | United States | $2.08B | +45% | +23% | 12% | 11.1× | 8.0% | +36.2% |
| McGraw Hill MH | United States | $2.08B | -8% | 0% | 16% | 5.6× | -5.6% | +2.6% |
| Advance Auto Parts AAP | United States | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% | -3.2% |
LCI Industries has 1 bond outstanding with $460M face value.