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Makes center-pivot and lateral-move irrigation systems (Zimmatic) for farms, plus Road Zipper movable traffic-barrier systems.
Makes center-pivot and lateral-move irrigation systems (Zimmatic) for farms, plus Road Zipper movable traffic-barrier systems.
Sells irrigation machines through independent dealers, so orders follow farm incomes and crop prices; replacement parts and control technology follow the installed fleet of machines. The infrastructure line sells moving-barrier and crash-protection products to highway agencies and contractors, which depend on road budgets.
Moat: narrow (brand, installed base, distribution). Strong dealer network and irrigation brand, but Valmont's Valley brand is an equally scaled rival.
Headquarters: Omaha, Nebraska · Founded: 1955 · Employees: 1,083
Size Lindsay (LNN) is a United States Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.08B, the 2197th largest of 3,117 United States companies the cockpit tracks. Shares closed at $106.33 on 6 Nov 2026.
Performance Over six months the shares fell 2.8%, against -20.2% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue fell 6.0% over the last twelve months (peer median +10.0%); the operating margin is 10.5% (peer median 7.7%).
Valuation It trades at 20.4× forward earnings against a peer median of 14.8× (4th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +4 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 3.5 points above its cost of capital (8.2% WACC).
Short interest Short interest is 8.3% of the free float (15 Oct 2026).
Next results Next results expected around 7 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $636M | $636M | $676M | $607M | $674M |
| Revenue growth | — | -6% | +11% | -10% | — |
| Gross profit | $184M | $184M | $211M | $191M | $213M |
| EBITDA | $90.0M | $90.0M | $109M | $94.3M | $118M |
| Net income | $55.7M | $55.7M | $74.1M | $66.3M | $72.4M |
| Free cash flow | $34.7M | $34.7M | $90.4M | $66.8M | $101M |
| Capital expenditure | $40.2M | $40.2M | $42.5M | $29.0M | $18.8M |
| Total debt | $137M | $137M | $137M | $134M | $136M |
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 |
|---|---|---|---|---|---|---|
| Lindsay LNN | $1.08B | -3% | -6% | 11% | 20.4× | 6.0% |
| Valmont Industries VMI | $7.74B | -21% | +5% | 14% | 15.9× | 10.7% |
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 | LNN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.2% | -4.0% | 9th lowest of 21 |
| 6-month return | -2.8% | -20.2% | 5th highest of 21 |
| Distance from 52-week high | -28.2% | -40.1% | 6th highest of 21 |
| Revenue growth (TTM) | -6.0% | +10.0% | 5th lowest of 21 |
| Operating margin | 10.5% | 7.7% | 8th highest of 21 |
| Forward P/E | 20.4× | 14.8× | 4th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 6.0% | 9.6% | 6th least demanding of 13 |
| Growth delivered (Del g) | +2.3% | +8.9% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | +3.7 pp | -3.7 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | +3.5 pp | -3.8 pp | 6th highest of 21 |
| EV / EBITDA | 11.4× | 11.7× | 5th cheapest of 11 |
| Net debt / EBITDA | -0.6× | 1.2× | 2nd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lindsay LNN | United States | $1.08B | -3% | -6% | 11% | 20.4× | 6.0% | +2.3% |
| Vossloh Aktiengesellschaft VOS.DE | Germany | $1.08B | -31% | +21% | 5% | 21.7× | 12.9% | +9.1% |
| Willing New Energy 002667.SZ | China | $1.08B | -20% | +49% | -44% | n/a | n/a | n/a |
| Taiyuan Heavy Industry 600169.SS | China | $1.10B | -8% | +10% | 6% | n/a | -3.8% | +3.7% |
| Yamabiko 6250.T | Japan | $1.11B | +8% | +10% | 13% | 9.9× | -2.2% | +5.7% |
| Newag NWG.WA | Poland | $1.04B | -16% | +45% | 21% | 11.9× | -4.3% | +12.6% |
| TADANO 6395.T | Japan | $1.02B | -8% | +21% | 9% | 10.8× | n/a | n/a |
| OMH SCIENCE 300486.SZ | China | $1.17B | -30% | +35% | 2% | n/a | 47.7% | -0.3% |
| Chengdu Leejun Industrial 002651.SZ | China | $1.17B | -20% | +7% | -6% | n/a | 15.0% | -2.3% |
| Chengdu Yunda Technology 300440.SZ | China | $1.17B | -1% | +9% | 6% | n/a | 42.0% | +8.7% |
| Sunward Intelligent Equipment 002097.SZ | China | $985M | -38% | +10% | 1% | n/a | n/a | n/a |
| Xinjiang Machinery Research Institute 300159.SZ | China | $1.21B | -28% | +28% | -40% | n/a | n/a | n/a |
| Titagarh Rail Systems TITAGARH.NS | India | $967M | -20% | -10% | 10% | 34.8× | 45.4% | +15.9% |
| Asian Star Anchor Chain 601890.SS | China | $1.22B | -23% | +2% | 13% | 19.6× | 10.7% | +13.5% |
| DAEHAN SHIPBUILDING 439260.KS | South Korea | $955M | -62% | +14% | 26% | 4.4× | n/a | n/a |
| Austal ASB.AX | Australia | $1.23B | 0% | +11% | -7% | 18.1× | n/a | n/a |
| KTK 603680.SS | China | $1.28B | -24% | -16% | 17% | n/a | -6.0% | +2.3% |
| Greenbrier Companies GBX | United States | $1.29B | -18% | -24% | 4% | 13.0× | n/a | n/a |
| Jupiter Wagons JWL.NS | India | $896M | -35% | -12% | 10% | 32.8× | n/a | n/a |
| Alimak ALIG.ST | Sweden | $1.31B | +13% | -2% | 15% | 16.6× | 8.5% | +12.9% |
| HD-Hyundai Marine Engine 071970.KS | South Korea | $887M | -66% | +54% | 26% | 8.7× | -9.8% | +10.2% |