LCI Industries (LCII) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Auto - Recreational Vehicles
EV/EBITDA
↓
9.57
-9% vs avg
5yr avg: 10.53
30Y Low3.6·High16.6
P/FCF
↑
10.16
↑+32% vs avg
5yr avg: 7.69
30Y Low5.0·High101.0
P/B Ratio
↓
2.13
-10% vs avg
5yr avg: 2.36
30Y Low0.8·High5.1
ROE
↓
13.7%
↑-23% vs avg
5yr avg: 17.9%
30Y Low-19%·High53%
Debt/EBITDA
↑
3.08
+1% vs avg
5yr avg: 3.04
30Y Low0.1·High4.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LCII Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
LCI Industries trades at 15.4x earnings, 26% below its 5-year average of 20.8x, sitting at the 39th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a discount of 21%. On a free-cash-flow basis, the stock trades at 10.2x P/FCF, 32% above the 5-year average of 7.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.8B | $3.0B | $2.6B | $3.2B | $2.4B | $4.0B | $3.3B | $2.7B | $1.7B | $3.3B | $2.7B |
| Enterprise Value | $3.8B | $4.0B | $3.5B | $4.2B | $3.7B | $5.4B | $4.1B | $3.4B | $2.0B | $3.3B | $2.7B |
| P/E Ratio → | 15.38 | 16.03 | 18.46 | 49.88 | 5.97 | 13.77 | 20.68 | 18.34 | 11.46 | 24.81 | 20.72 |
| P/S Ratio | 0.69 | 0.73 | 0.70 | 0.84 | 0.45 | 0.89 | 1.17 | 1.13 | 0.69 | 1.54 | 1.60 |
| P/B Ratio | 2.13 | 2.22 | 1.90 | 2.36 | 1.71 | 3.63 | 3.61 | 3.36 | 2.41 | 5.05 | 4.88 |
| P/FCF | 10.16 | 10.84 | 8.04 | 6.88 | 5.00 | — | 18.82 | 12.72 | 46.24 | 48.83 | 16.92 |
| P/OCF | 8.54 | 9.11 | 7.12 | 6.06 | 3.91 | — | 14.15 | 9.97 | 10.86 | 21.31 | 13.21 |
P/E links to full P/E history page with 30-year chart
LCII EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
LCI Industries's enterprise value stands at 9.6x EBITDA, 9% below its 5-year average of 10.5x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 16% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.98 | 0.93 | 1.12 | 0.71 | 1.20 | 1.46 | 1.43 | 0.80 | 1.55 | 1.58 |
| EV / EBITDA | 9.57 | 10.04 | 10.08 | 16.61 | 5.41 | 10.53 | 12.68 | 12.28 | 7.43 | 12.37 | 10.74 |
| EV / EBIT | 13.72 | 13.85 | 15.89 | 34.33 | 6.67 | 13.42 | 18.25 | 17.07 | 9.96 | 15.51 | 13.20 |
| EV / FCF | — | 14.47 | 10.57 | 9.11 | 7.82 | — | 23.38 | 16.02 | 53.82 | 49.19 | 16.70 |
LCII Profitability
Margins and return-on-capital ratios measuring operating efficiency
LCI Industries earns an operating margin of 6.8%, above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 3.3% to 6.8% over the past 3 years, signaling improving operational efficiency. ROE of 13.7% is modest. ROIC of 9.1% represents adequate returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.8% | 23.8% | 23.5% | 20.5% | 24.5% | 23.3% | 25.3% | 22.7% | 21.0% | 23.0% | 25.5% |
| Operating Margin | 6.8% | 6.8% | 5.8% | 3.3% | 10.6% | 8.9% | 8.0% | 8.4% | 8.0% | 10.0% | 12.0% |
| Net Profit Margin | 4.6% | 4.6% | 3.8% | 1.7% | 7.6% | 6.4% | 5.7% | 6.2% | 6.0% | 6.2% | 7.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.7% | 13.7% | 10.4% | 4.7% | 31.9% | 28.8% | 18.5% | 19.4% | 21.9% | 22.1% | 26.2% |
| ROA | 6.2% | 6.2% | 4.9% | 2.1% | 12.1% | 10.3% | 7.6% | 9.4% | 13.6% | 15.3% | 18.4% |
| ROIC | 9.1% | 9.1% | 7.1% | 3.6% | 15.9% | 14.2% | 10.4% | 12.1% | 17.9% | 27.0% | 30.4% |
| ROCE | 10.8% | 10.8% | 8.6% | 4.6% | 20.2% | 17.5% | 12.8% | 15.1% | 21.7% | 30.6% | 34.6% |
LCII Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
LCI Industries carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (30% below the sector average of 4.4x). Net debt stands at $1.0B ($1.2B total debt minus $223M cash). Interest coverage of 8.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.91 | 0.91 | 0.72 | 0.82 | 1.00 | 1.35 | 0.93 | 0.91 | 0.42 | 0.08 | 0.09 |
| Debt / EBITDA | 3.08 | 3.08 | 2.90 | 4.34 | 2.02 | 2.89 | 2.64 | 2.66 | 1.10 | 0.19 | 0.20 |
| Net Debt / Equity | — | 0.74 | 0.60 | 0.77 | 0.96 | 1.29 | 0.87 | 0.87 | 0.39 | 0.04 | -0.07 |
| Net Debt / EBITDA | 2.52 | 2.52 | 2.41 | 4.08 | 1.95 | 2.77 | 2.48 | 2.53 | 1.05 | 0.09 | -0.15 |
| Debt / FCF | — | 3.64 | 2.53 | 2.24 | 2.82 | — | 4.57 | 3.30 | 7.57 | 0.35 | -0.23 |
| Interest Coverage | 8.14 | 8.14 | 7.55 | 3.05 | 20.06 | 24.48 | 16.57 | 22.55 | 30.89 | 149.12 | 119.70 |
LCII Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
LCI Industries's current ratio of 2.85x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.14x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.85 | 2.85 | 2.82 | 2.83 | 3.30 | 2.50 | 2.09 | 2.47 | 2.97 | 2.29 | 2.46 |
| Quick Ratio | 1.14 | 1.14 | 1.03 | 0.88 | 0.86 | 0.75 | 0.90 | 1.02 | 1.05 | 0.78 | 1.20 |
| Cash Ratio | 0.47 | 0.47 | 0.40 | 0.17 | 0.11 | 0.10 | 0.12 | 0.13 | 0.08 | 0.14 | 0.58 |
| Asset Turnover | — | 1.30 | 1.29 | 1.28 | 1.60 | 1.36 | 1.22 | 1.27 | 1.99 | 2.27 | 2.14 |
| Inventory Turnover | 3.88 | 3.88 | 3.88 | 3.92 | 3.82 | 3.13 | 4.23 | 4.66 | 5.74 | 6.02 | 6.62 |
| Days Sales Outstanding | — | 21.55 | 19.47 | 20.71 | 15.02 | 26.10 | 35.07 | 30.78 | 17.96 | 13.96 | 12.47 |
LCII Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
LCI Industries returns 8.5% to shareholders annually — split between a 3.9% dividend yield and 4.5% buyback yield. A payout ratio of 60.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.9% | 3.8% | 4.2% | 3.3% | 4.4% | 2.2% | 2.1% | 2.4% | 3.5% | 1.5% | 1.3% |
| Payout Ratio | 60.6% | 60.6% | 76.6% | 165.6% | 26.0% | 30.3% | 44.4% | 43.6% | 39.9% | 38.4% | 26.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.5% | 6.2% | 5.4% | 2.0% | 16.7% | 7.3% | 4.8% | 5.5% | 8.7% | 4.0% | 4.8% |
| FCF Yield | 9.8% | 9.2% | 12.4% | 14.5% | 20.0% | — | 5.3% | 7.9% | 2.2% | 2.0% | 5.9% |
| Buyback Yield | 4.5% | 4.3% | 0.3% | 0.0% | 1.0% | 0.2% | 0.0% | 0.3% | 1.7% | 0.3% | 0.0% |
| Total Shareholder Yield | 8.5% | 8.0% | 4.5% | 3.3% | 5.4% | 2.4% | 2.1% | 2.7% | 5.2% | 1.9% | 1.3% |
| Shares Outstanding | — | $25M | $26M | $25M | $26M | $25M | $25M | $25M | $25M | $25M | $25M |
Peer Comparison
Compare LCII with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LCIIYou | $3B | 15.4 | 9.6 | 10.2 | 23.8% | 6.8% | 13.7% | 9.1% | 3.1 |
 THO | $4B | 15.9 | 6.4 | 8.9 | 14.0% | 4.4% | 6.2% | 6.7% | 1.3 |
 WGO | $900M | 35.1 | 13.8 | 10.1 | 13.0% | 2.0% | 2.1% | 2.6% | 6.2 |
 CWH | $483M | -5.3 | 10.7 | — | 29.5% | 2.8% | -21.0% | 4.0% | 9.7 |
 PATK | $3B | 24.5 | 10.7 | 12.9 | 23.1% | 7.0% | 11.7% | 7.6% | 3.7 |
 DORM | $4B | 18.8 | 10.4 | 49.2 | 41.1% | 16.8% | 14.7% | 13.9% | 1.5 |
 FOXF | $779M | -1.4 | — | 28.9 | 30.2% | -35.6% | -58.2% | -24.2% | — |
 CVCO | $5B | 23.3 | 20.3 | 29.1 | 23.1% | 9.4% | 16.3% | 19.4% | 0.2 |
 SKY | $4B | 21.4 | 12.7 | 21.3 | 26.2% | 9.5% | 13.4% | 16.9% | 0.5 |
 ALG | $2B | 19.3 | 9.9 | 13.8 | 24.8% | 9.5% | 9.6% | 10.8% | 1.1 |
 ALSN | $10B | 16.8 | 10.6 | 15.8 | 48.4% | 32.3% | 35.4% | 22.2% | 2.7 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
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Start ComparisonLCII — Frequently Asked Questions
Quick answers to the most common questions about buying LCII stock.
What is LCI Industries's P/E ratio?
LCI Industries's current P/E ratio is 15.4x. The historical average is 18.2x. This places it at the 39th percentile of its historical range.
What is LCI Industries's EV/EBITDA?
LCI Industries's current EV/EBITDA is 9.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
What is LCI Industries's ROE?
LCI Industries's return on equity (ROE) is 13.7%. The historical average is 16.9%.
Is LCII stock overvalued?
Based on historical data, LCI Industries is trading at a P/E of 15.4x. This is at the 39th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is LCI Industries's dividend yield?
LCI Industries's current dividend yield is 3.94% with a payout ratio of 60.6%.
What are LCI Industries's profit margins?
LCI Industries has 23.8% gross margin and 6.8% operating margin.
How much debt does LCI Industries have?
LCI Industries's Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.