Tearsheet

LCI Industries (LCII)


Market Price (12/29/2025): $123.8 | Market Cap: $3.0 Bil
Sector: Consumer Discretionary | Industry: Automotive Parts & Equipment

LCI Industries (LCII)


Market Price (12/29/2025): $123.8
Market Cap: $3.0 Bil
Sector: Consumer Discretionary
Industry: Automotive Parts & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 10%
Trading close to highs
Dist 52W High is -0.1%, Dist 3Y High is -0.1%
Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.8%
1 Low stock price volatility
Vol 12M is 36%
Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -30%
Key risks
LCII key risks include [1] significant customer concentration, Show more.
2 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 10%
1 Low stock price volatility
Vol 12M is 36%
2 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech.
3 Trading close to highs
Dist 52W High is -0.1%, Dist 3Y High is -0.1%
4 Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -30%
5 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.8%
6 Key risks
LCII key risks include [1] significant customer concentration, Show more.

Valuation, Metrics & Events

LCII Stock


Why The Stock Moved


Qualitative Assessment

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For the approximate one-year period leading up to early to mid-2024, LCI Industries (LCII) stock experienced an increase of around 18.5% to 20.5%. Several key factors contributed to this movement:

1. Strong Aftermarket Performance and Diversification Strategy: The company's Aftermarket segment demonstrated robust performance, with net sales growing 10% year-over-year in the fourth quarter of 2023. This, coupled with the overall diversification strategy where Aftermarket and Adjacent Industries OEM net sales surpassed 56% of total net sales in 2023, helped to support financial results despite a challenging environment in the RV and marine markets.

2. Improved Profitability in Fourth Quarter 2023: LCI Industries reported a significant improvement in profitability for the fourth quarter of 2023, with the net loss decreasing by 86% year-over-year to $(0.09) per diluted share from $(0.68) per diluted share in the prior year. Additionally, EBITDA for the fourth quarter of 2023 saw a substantial increase of 248% year-over-year.

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Stock Movement Drivers

Fundamental Drivers

The 31.5% change in LCII stock from 9/28/2025 to 12/28/2025 was primarily driven by a 14.1% change in the company's Net Income Margin (%).
928202512282025Change
Stock Price ($)94.11123.7131.46%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)3871.473992.453.12%
Net Income Margin (%)3.93%4.49%14.09%
P/E Multiple15.5516.858.32%
Shares Outstanding (Mil)25.1624.393.05%
Cumulative Contribution31.34%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025
ReturnCorrelation
LCII31.5% 
Market (SPY)4.3%19.9%
Sector (XLY)1.8%35.7%

Fundamental Drivers

The 37.4% change in LCII stock from 6/29/2025 to 12/28/2025 was primarily driven by a 14.6% change in the company's P/E Multiple.
629202512282025Change
Stock Price ($)90.05123.7137.37%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)3818.773992.454.55%
Net Income Margin (%)4.08%4.49%9.99%
P/E Multiple14.7016.8514.59%
Shares Outstanding (Mil)25.4324.394.08%
Cumulative Contribution37.15%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025
ReturnCorrelation
LCII37.4% 
Market (SPY)12.6%28.4%
Sector (XLY)11.9%44.4%

Fundamental Drivers

The 26.1% change in LCII stock from 12/28/2024 to 12/28/2025 was primarily driven by a 29.4% change in the company's Net Income Margin (%).
1228202412282025Change
Stock Price ($)98.12123.7126.08%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)3775.613992.455.74%
Net Income Margin (%)3.47%4.49%29.36%
P/E Multiple19.0916.85-11.77%
Shares Outstanding (Mil)25.4824.394.28%
Cumulative Contribution25.85%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025
ReturnCorrelation
LCII26.1% 
Market (SPY)17.0%49.0%
Sector (XLY)7.0%58.5%

Fundamental Drivers

The 49.4% change in LCII stock from 12/29/2022 to 12/28/2025 was primarily driven by a 295.3% change in the company's P/E Multiple.
1229202212282025Change
Stock Price ($)82.79123.7149.43%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5526.213992.45-27.75%
Net Income Margin (%)8.95%4.49%-49.86%
P/E Multiple4.2616.85295.34%
Shares Outstanding (Mil)25.4524.394.16%
Cumulative Contribution49.17%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025
ReturnCorrelation
LCII6.9% 
Market (SPY)48.4%45.9%
Sector (XLY)38.6%53.9%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
LCII Return24%23%-38%41%-15%25%42%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
LCII Win Rate67%58%33%58%50%67% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
LCII Max Drawdown-46%-3%-41%0%-21%-27% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See LCII Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventLCIIS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-43.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven78.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-50.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven102.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven63 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-54.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven117.5%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven701 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-87.6%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven703.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,613 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

LCI Industries's stock fell -43.8% during the 2022 Inflation Shock from a high on 12/6/2021. A -43.8% loss requires a 78.0% gain to breakeven.

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About LCI Industries (LCII)

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories. This segment serves OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing, as well as travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers. The Aftermarket segment supplies various components of RV and adjacent industries to retail dealers, wholesale distributors, and service centers. This segment also sells replacement glass and awnings to fulfill insurance claims; and biminis, covers, buoys, and fenders to the marine industry. The company was formerly known as Drew Industries Incorporated and changed its name to LCI Industries in December 2016. LCI Industries was incorporated in 1984 and is based in Elkhart, Indiana.

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  • Magna International for the RV and outdoor leisure industries.
  • The Bosch of RV and marine components.

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  • Chassis and Towable Components: LCI Industries manufactures axles, chassis, suspension systems, and various towing products primarily for recreational vehicles and trailers.
  • Slide-Outs and Leveling Systems: The company provides engineered mechanisms for expanding RV living spaces and automatic leveling systems to ensure vehicle stability.
  • Entry Doors and Windows: LCI Industries produces a range of entrance doors, cargo doors, and window solutions for recreational vehicles and other specialty applications.
  • Awnings and Shade Systems: They supply manual and power awnings, along with other outdoor shade solutions for RVs and residential outdoor living.
  • RV and Marine Furniture: Manufacturing includes seating, dinettes, mattresses, and other interior furnishings designed for recreational vehicles and boats.
  • Electronics and Appliances: The company offers diverse electronic components, appliances, and digital systems that enhance the user experience in RVs and marine vessels.
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Major Customers of LCI Industries (LCII)

LCI Industries (LCII) operates primarily on a business-to-business (B2B) model, selling a wide range of components and systems to manufacturers in the recreational vehicle (RV), marine, automotive, and other adjacent industries.

Based on their financial disclosures, the company has significant customer concentration with the following major customers:

  • Thor Industries, Inc. (NYSE: THO)
  • Forest River, Inc. (a subsidiary of Berkshire Hathaway Inc. NYSE: BRK.A, BRK.B)

These two companies represent a substantial portion of LCI Industries' consolidated net sales, particularly in the RV segment. LCI Industries also supplies components to numerous other manufacturers across its diversified segments, but Thor Industries and Forest River are consistently identified as their largest customers.

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Jason D. Lippert, President, Chief Executive Officer, and Director

Mr. Lippert has been the Chief Executive Officer of LCI Industries since May 2013 and also serves as the Chief Executive Officer of Lippert Components. He is the grandson of Lippert Components founder Larry Lippert and joined the family company in 1994, starting as a welder. Mr. Lippert has over 30 years of experience with the company and its subsidiaries. Under his leadership, LCI Industries grew from $150 million in 2003 to $5.1 billion in 2021. He was instrumental in the company's diversification into RV components.

Lillian D. Etzkorn, Executive Vice President and Chief Financial Officer

Ms. Etzkorn was appointed Executive Vice President and Chief Financial Officer of LCI Industries, effective April 17, 2023. Before joining LCI Industries, she served as the Chief Financial Officer at Covia. Her previous experience includes serving as CFO of Shiloh Industries and CPI Card Group. Ms. Etzkorn held various senior financial leadership roles at publicly traded automotive companies such as Dana Holding Corp. and Ford Motor Co., where she began her career in finance.

Tracy D. Graham, Chairman of the Board of Directors

Mr. Graham has served as the Chairman of LCI Industries' Board of Directors since 2021 and has been on the Board since 2016. He is also the Chief Executive Officer and Managing Principal of Graham-Allen Partners, a private investment firm focused on investing in technology and technology-enabled companies. Prior to forming Graham-Allen Partners in 2009, he was Vice President of SMB Technology Services for Cincinnati Bell. Mr. Graham successfully built and sold three technology companies over a 12-year period, including GramTel USA, Inc., which was sold to Cincinnati Bell. He also founded Internet Services Management Group, leading it to become the second-largest privately held Internet service provider in the United States by acquiring and integrating 23 companies.

Andrew J. Namenye, Chief Legal Officer and Executive Vice President

Mr. Namenye has been the Chief Legal Officer and Executive Vice President of LCI Industries since 2020, also serving as the Corporate Secretary. Before joining LCI Industries, he held various positions at Thor Industries, Inc. and American Group, Inc.

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LCI Industries (LCII) faces several key risks to its business, primarily stemming from the cyclical nature of its primary markets, significant customer concentration, and volatile raw material costs.

  1. Cyclicality and Fluctuating Demand in Recreational and Transportation Markets: LCI Industries' business model is highly dependent on the recreational vehicle (RV) and related transportation markets, which are subject to economic and business factors beyond the company's control, leading to potential fluctuations in operating results and product demand. Economic downturns, shifts in consumer preferences, and evolving travel trends can significantly impact wholesale shipments and overall demand for LCI's components.
  2. Customer Concentration: A substantial portion of LCI Industries' consolidated net sales is derived from a limited number of key customers. In 2024, two customers alone accounted for a combined 34% of the company's net sales. The loss of one or more of these significant customers, or a material reduction in their purchases, could have a substantial adverse impact on LCI Industries' operating results and financial condition.
  3. Volatile Raw Material Costs and Supply Chain Disruptions: LCI Industries is exposed to volatile raw material costs, particularly for steel and aluminum, which constituted approximately 30% and 10%, respectively, of its raw material costs in 2024. Dramatic fluctuations in global demand and supply for these commodities can lead to increased costs. If the company is unable to pass these increased costs on to its customers due to competitive pressures, its financial condition and operating results could be adversely affected. Additionally, the company faces risks associated with broader supply chain disruptions.

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One clear emerging threat for LCI Industries (LCII) is the sustained slowdown in recreational vehicle (RV) demand, driven by macroeconomic factors such as persistently high interest rates and inflation. High interest rates significantly increase the cost of financing large discretionary purchases like RVs, while inflation erodes consumer purchasing power. Industry reports, including those from the RV Industry Association (RVIA), have shown consistent year-over-year declines in wholesale RV shipments. This is not merely a cyclical downturn but signals a potentially prolonged period of reduced demand and affordability for LCII's core market, directly impacting its sales volumes and profitability, similar to how changing consumer habits challenged Blockbuster's traditional rental model.

Another emerging threat is the accelerating shift towards electrification and sustainability in the RV industry. Major RV manufacturers are increasingly developing and showcasing electric and hybrid RV concepts and investing in sustainable materials and technologies. This trend requires a fundamental redesign of vehicle architectures and component systems, including lightweighting, advanced battery integration, specialized HVAC for electric propulsion, and new power management solutions. If LCII is slow to adapt its product offerings, develop the necessary expertise, or integrate new technologies into its manufacturing processes, it risks losing market share to competitors better positioned to supply these next-generation components, akin to how Research in Motion struggled to adapt to the smartphone era.

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LCI Industries (LCII) primarily manufactures and distributes a broad range of highly engineered components for original equipment manufacturers (OEMs) in the recreational vehicle (RV), marine, and adjacent transportation and housing markets, as well as serving the related aftermarket.

The addressable markets for LCI Industries' main products and services are sizable:

  • Recreational Vehicle (RV) Market: The global recreational vehicle market was valued at approximately USD 56.7 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4% between 2025 and 2034. In the United States, the RV vehicle market was valued at USD 28.5 billion. Another source states the U.S. recreational vehicle market generated revenue of USD 31.61 billion in 2022 and is expected to reach USD 83.04 billion by 2030, growing at a CAGR of 12.8% from 2023 to 2030.
  • Marine Components Market (Composites): The global marine composites market size was valued at USD 5.83 billion in 2024 and is expected to reach USD 21.31 billion by 2032, exhibiting a CAGR of 7.40%. Specifically for the United States, the marine composites market size reached USD 964.3 million in 2024 and is projected to reach USD 1,438.0 million by 2033, with a CAGR of 4.31% during 2025-2033.
  • Recreational Boat Parts and Accessories Market: The global market for recreational boat parts and accessories was valued at USD 16.67 billion in 2024 and is expected to expand at a CAGR of 3.47% from 2025 to 2034, reaching a total market value of USD 23.45 billion by 2034.
  • Truck and Towing Aftermarket: LCI Industries identifies the truck and towing aftermarket as a combined market exceeding $7.5 billion (U.S.).

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LCI Industries (LCII) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic initiatives. Here are 4 expected drivers of future revenue growth for LCI Industries: * Recovery in RV and Marine Markets and Market Share Gains: LCI Industries anticipates capitalizing on the recovery of the RV and marine sectors. The company aims to expand its market share within these core segments, with a projected 3-5% annual organic content growth fueled by innovation. This strategy is underpinned by a growing interest in outdoor recreation, with reports indicating millions of new households entering the camping market since 2019 and a significant number of Americans planning RV trips. * Product Innovation and New Product Introductions: Continuous investment in innovation and the launch of new products are critical to LCI Industries' organic growth strategy. The company highlights a $225 million run-rate across its top five recent innovations, including products like the Furrion Chill Cube Air Conditioner and new anti-lock braking systems. This focus on developing high-quality, new offerings is expected to enhance brand strength and customer loyalty. * Diversification and Expansion into Adjacent Markets: To mitigate risks associated with market seasonality and cyclicality in the RV industry, LCI Industries is strategically diversifying its business. The company is actively expanding its presence in adjacent markets such as the automotive aftermarket, marine, utility trailers, transportation products, and building products, which provide more stable revenue streams. The aftermarket segment, in particular, is a key growth driver, supported by partnerships and efforts to bring more products into retail and online platforms. * Strategic Acquisitions: LCI Industries utilizes strategic acquisitions as a pathway to expand its product offerings and market presence. Recent acquisitions, such as Bigfoot Leveling and Moss Supply, have enhanced its portfolio in areas like hydraulic leveling systems and residential windows, contributing to overall growth and diversification. Acquisitions like Freedman Seating and Trans Air have also contributed to strong performance in adjacent businesses, with synergies tracking ahead of schedule.

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Share Repurchases

  • LCI Industries' Board of Directors authorized a new $300 million stock repurchase program to be executed over the next three years, announced on May 15, 2025.
  • As of September 30, 2025, the company had returned $215 million to shareholders year-to-date through dividends and share repurchases, with $128.6 million specifically for share repurchases.
  • In Q3 2025, LCI Industries repurchased 634,000 shares for $63 million under its newly authorized $300 million repurchase program.

Outbound Investments

  • In December 2020, LCI Industries acquired Veada Industries, Inc., a manufacturer and distributor of boat seating and marine accessories, to expand its marine seating capabilities.
  • During Q2 2025, the company completed the acquisition of Freedman Seating Company, a manufacturer of transportation seating solutions, which is anticipated to add approximately $125 million in annual revenue.
  • LCI Industries acquired Trans/Air Manufacturing, which contributed to strengthening its bus market presence and expanding climate control product offerings, contributing $30 million to capital expenditures in Q1 2025.

Capital Expenditures

  • Capital expenditures for the full year 2025 are anticipated to be in the range of $45 million to $70 million, primarily focused on investing in the business and innovation.
  • For the nine months ended September 30, 2025, LCI Industries used $38.1 million for capital expenditures.
  • The company's capital expenditure strategy includes a focus on operational efficiency, infrastructure optimization, and facility consolidations, with five facility consolidations planned for 2025.

Better Bets than LCI Industries (LCII)

Trade Ideas

Select ideas related to LCII. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BBWI_11302025_Dip_Buyer_1M_Insider_Buying_GTE_1Mil_EBITp+DE11302025BBWIBath & Body WorksDip BuyDB | Insider Buys | Low D/EDip Buy with Strong Insider Buying
Buying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap
13.7%13.7%0.0%
HRB_11262025_Dip_Buyer_FCFYield11262025HRBH&R BlockDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
6.0%6.0%-0.1%
LRN_11262025_Dip_Buyer_FCFYield11262025LRNStrideDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
3.8%3.8%-4.4%
ABNB_11212025_Dip_Buyer_FCFYield11212025ABNBAirbnbDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
19.7%19.7%0.0%
MTN_11212025_Dip_Buyer_FCFYield11212025MTNVail ResortsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
2.3%2.3%-1.6%

Recent Active Movers

More From Trefis

Peer Comparisons for LCI Industries

Peers to compare with:

Financials

LCIIHPQHPEIBMCSCOAAPLMedian
NameLCI Indu.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price123.7123.2624.49305.0978.16273.40100.94
Mkt Cap3.021.932.6284.9309.24,074.4158.8
Rev LTM3,99255,29534,29665,40257,696408,62556,496
Op Inc LTM2613,6241,64411,54412,991130,2147,584
FCF LTM3102,80062711,85412,73396,1847,327
FCF 3Y Avg3662,9781,40011,75313,879100,5037,366
CFO LTM3593,6972,91913,48313,744108,5658,590
CFO 3Y Avg4223,6723,89613,49814,736111,5598,697

Growth & Margins

LCIIHPQHPEIBMCSCOAAPLMedian
NameLCI Indu.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM5.7%3.2%13.8%4.5%8.9%6.0%5.9%
Rev Chg 3Y Avg-8.8%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q13.2%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM3.1%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM6.5%6.6%4.8%17.7%22.5%31.9%12.1%
Op Mgn 3Y Avg4.8%7.4%7.2%16.4%24.2%30.8%11.9%
QoQ Delta Op Mgn LTM0.4%-0.2%-1.4%0.6%0.4%0.1%0.2%
CFO/Rev LTM9.0%6.7%8.5%20.6%23.8%26.6%14.8%
CFO/Rev 3Y Avg10.9%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM7.8%5.1%1.8%18.1%22.1%23.5%12.9%
FCF/Rev 3Y Avg9.5%5.5%4.6%18.6%24.6%25.6%14.1%

Valuation

LCIIHPQHPEIBMCSCOAAPLMedian
NameLCI Indu.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap3.021.932.6284.9309.24,074.4158.8
P/S0.80.41.04.45.410.02.7
P/EBIT11.16.819.925.122.531.321.2
P/E16.88.6572.736.029.941.033.0
P/CFO8.45.911.221.122.537.516.2
Total Yield6.9%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield1.0%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg13.2%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.40.50.70.20.10.00.3
Net D/E0.30.30.60.20.00.00.3

Returns

LCIIHPQHPEIBMCSCOAAPLMedian
NameLCI Indu.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn8.8%-3.6%12.7%-1.1%1.6%-2.0%0.2%
3M Rtn31.5%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn37.4%-4.0%34.5%6.6%15.2%36.3%24.9%
12M Rtn26.1%-27.0%16.2%40.5%34.5%7.5%21.1%
3Y Rtn49.4%-3.7%67.3%141.3%79.6%114.1%73.5%
1M Excs Rtn4.6%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn27.2%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn25.1%-16.3%22.3%-5.7%3.0%24.0%12.6%
12M Excs Rtn9.5%-42.9%-0.7%25.0%19.9%-8.4%4.4%
3Y Excs Rtn-30.4%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Original equipment manufacturers (OEMs)2,9044,3163,6442,1682,092
Aftermarket881891829628280
Total3,7855,2074,4732,7962,371


Operating Income by Segment
$ Mil20242023202220212020
Aftermarket10674946735
Original equipment manufacturers (OEMs)17479305156165
Total123553398223200


Price Behavior

Price Behavior
Market Price$123.71 
Market Cap ($ Bil)3.0 
First Trading Date05/03/1989 
Distance from 52W High-0.1% 
   50 Days200 Days
DMA Price$108.58$94.68
DMA Trendupup
Distance from DMA13.9%30.7%
 3M1YR
Volatility33.5%36.1%
Downside Capture-20.3889.57
Upside Capture115.4098.52
Correlation (SPY)19.8%49.3%
LCII Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.080.520.601.000.911.11
Up Beta0.040.451.151.660.961.07
Down Beta-0.670.880.370.530.830.83
Up Capture326%119%69%122%77%180%
Bmk +ve Days13263974142427
Stock +ve Days11242962117386
Down Capture72%-20%45%77%100%107%
Bmk -ve Days7162452107323
Stock -ve Days9183464132364

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of LCII With Other Asset Classes (Last 1Y)
 LCIISector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return23.7%7.5%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility35.8%24.3%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.650.240.722.700.340.09-0.08
Correlation With Other Assets 58.3%49.0%-7.0%14.5%54.0%23.3%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of LCII With Other Asset Classes (Last 5Y)
 LCIISector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return2.0%9.6%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility39.3%23.8%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.160.360.700.970.500.160.57
Correlation With Other Assets 54.8%52.0%1.1%7.8%49.9%23.2%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of LCII With Other Asset Classes (Last 10Y)
 LCIISector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return10.8%13.2%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility39.4%21.9%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.390.550.710.860.320.220.90
Correlation With Other Assets 58.2%57.4%-0.3%16.0%50.6%14.8%

ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity1,902,369
Short Interest: % Change Since 11302025-11.8%
Average Daily Volume258,124
Days-to-Cover Short Interest7.37
Basic Shares Quantity24,389,000
Short % of Basic Shares7.8%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/30/20255.8%22.2%27.7%
8/5/20250.1%-0.6%8.6%
5/6/20256.6%13.9%13.9%
2/11/20255.7%8.0%-9.5%
11/7/2024-3.8%-4.0%-0.5%
8/6/20247.1%4.2%12.6%
5/8/20245.9%9.0%1.7%
1/30/2024-5.0%-7.4%4.3%
...
SUMMARY STATS   
# Positive131514
# Negative121011
Median Positive4.0%6.1%8.1%
Median Negative-3.1%-3.8%-6.8%
Max Positive7.1%22.2%31.1%
Max Negative-7.2%-9.2%-25.2%

SEC Filings

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Report DateFiling DateFiling
93020251030202510-Q 9/30/2025
6302025805202510-Q 6/30/2025
3312025506202510-Q 3/31/2025
12312024221202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231107202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221101202210-Q 9/30/2022
6302022802202210-Q 6/30/2022
3312022510202210-Q 3/31/2022
12312021225202210-K 12/31/2021