LCI Industries (LCII)
Market Price (4/13/2026): $126.29 | Market Cap: $3.1 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
LCI Industries (LCII)
Market Price (4/13/2026): $126.29Market Cap: $3.1 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 9.1% Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. | Weak multi-year price returns2Y Excs Rtn is -13%, 3Y Excs Rtn is -31% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.1% Key risksLCII key risks include [1] significant customer concentration, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 9.1% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. |
| Weak multi-year price returns2Y Excs Rtn is -13%, 3Y Excs Rtn is -31% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -6.1% |
| Key risksLCII key risks include [1] significant customer concentration, Show more. |
Qualitative Assessment
AI Analysis | Feedback
LCI Industries (LCII) stock has gained about 5% since 12/31/2025 because of the following key factors:
1. Strong Q4 2025 Earnings and Positive 2026 Company Guidance.
LCI Industries reported stronger-than-expected financial results for Q4 2025, with earnings per share (EPS) reaching $0.89, surpassing the forecast by 31.95%, and revenue of $933 million, exceeding expectations by 3%. This led to a pre-market stock price increase of 3.43% to $159.40 following the announcement on February 18, 2026. The company also provided 2026 guidance, anticipating consolidated revenue of $4.2 billion to $4.3 billion, an operating margin of 7.5% to 8%, and adjusted diluted EPS of $8.25 to $9.25, supported by strategic initiatives such as consolidating 8 to 10 facilities and pursuing divestitures of lower-margin products.
2. Mixed RV Industry Outlook.
The RV Industry Association forecasts a modest increase in 2026 wholesale shipments, expecting between 335,000 and 350,000 units, representing steady growth. However, the market is also characterized by a shift toward a buyer's market, with lowering prices for used RVs and increased price awareness among consumers, which could temper growth in new RV sales. This indicates a balancing act between stable overall demand and pricing pressures in certain segments of the market.
Show more
1. Strong Q4 2025 Earnings and Positive 2026 Company Guidance.
LCI Industries reported stronger-than-expected financial results for Q4 2025, with earnings per share (EPS) reaching $0.89, surpassing the forecast by 31.95%, and revenue of $933 million, exceeding expectations by 3%. This led to a pre-market stock price increase of 3.43% to $159.40 following the announcement on February 18, 2026. The company also provided 2026 guidance, anticipating consolidated revenue of $4.2 billion to $4.3 billion, an operating margin of 7.5% to 8%, and adjusted diluted EPS of $8.25 to $9.25, supported by strategic initiatives such as consolidating 8 to 10 facilities and pursuing divestitures of lower-margin products.
2. Mixed RV Industry Outlook.
The RV Industry Association forecasts a modest increase in 2026 wholesale shipments, expecting between 335,000 and 350,000 units, representing steady growth. However, the market is also characterized by a shift toward a buyer's market, with lowering prices for used RVs and increased price awareness among consumers, which could temper growth in new RV sales. This indicates a balancing act between stable overall demand and pricing pressures in certain segments of the market.
Show more
Stock Movement Drivers
Fundamental Drivers
The 5.1% change in LCII stock from 12/31/2025 to 4/12/2026 was primarily driven by a 3.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 120.21 | 126.28 | 5.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,992 | 4,122 | 3.2% |
| Net Income Margin (%) | 4.5% | 4.6% | 1.8% |
| P/E Multiple | 16.4 | 16.3 | -0.5% |
| Shares Outstanding (Mil) | 24 | 24 | 0.5% |
| Cumulative Contribution | 5.1% |
Market Drivers
12/31/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| LCII | 5.1% | |
| Market (SPY) | -5.4% | 35.2% |
| Sector (XLY) | -5.5% | 45.1% |
Fundamental Drivers
The 38.2% change in LCII stock from 9/30/2025 to 4/12/2026 was primarily driven by a 16.1% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 91.36 | 126.28 | 38.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,871 | 4,122 | 6.5% |
| Net Income Margin (%) | 3.9% | 4.6% | 16.1% |
| P/E Multiple | 15.1 | 16.3 | 7.9% |
| Shares Outstanding (Mil) | 25 | 24 | 3.6% |
| Cumulative Contribution | 38.2% |
Market Drivers
9/30/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| LCII | 38.2% | |
| Market (SPY) | -2.9% | 28.9% |
| Sector (XLY) | -5.6% | 41.0% |
Fundamental Drivers
The 50.8% change in LCII stock from 3/31/2025 to 4/12/2026 was primarily driven by a 19.6% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 83.72 | 126.28 | 50.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,741 | 4,122 | 10.2% |
| Net Income Margin (%) | 3.8% | 4.6% | 19.6% |
| P/E Multiple | 14.9 | 16.3 | 9.1% |
| Shares Outstanding (Mil) | 25 | 24 | 5.0% |
| Cumulative Contribution | 50.8% |
Market Drivers
3/31/2025 to 4/12/2026| Return | Correlation | |
|---|---|---|
| LCII | 50.8% | |
| Market (SPY) | 16.3% | 46.8% |
| Sector (XLY) | 15.0% | 56.4% |
Fundamental Drivers
The 29.5% change in LCII stock from 3/31/2023 to 4/12/2026 was primarily driven by a 160.9% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4122026 | Change |
|---|---|---|---|
| Stock Price ($) | 97.48 | 126.28 | 29.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,207 | 4,122 | -20.8% |
| Net Income Margin (%) | 7.6% | 4.6% | -39.8% |
| P/E Multiple | 6.2 | 16.3 | 160.9% |
| Shares Outstanding (Mil) | 25 | 24 | 4.2% |
| Cumulative Contribution | 29.5% |
Market Drivers
3/31/2023 to 4/12/2026| Return | Correlation | |
|---|---|---|
| LCII | 29.5% | |
| Market (SPY) | 63.3% | 44.5% |
| Sector (XLY) | 54.4% | 50.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LCII Return | 23% | -38% | 41% | -15% | 23% | 5% | 18% |
| Peers Return | 32% | -23% | 53% | -13% | 6% | -4% | 38% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| LCII Win Rate | 58% | 33% | 58% | 50% | 67% | 50% | |
| Peers Win Rate | 60% | 33% | 50% | 48% | 57% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| LCII Max Drawdown | -3% | -41% | 0% | -21% | -27% | -2% | |
| Peers Max Drawdown | -1% | -37% | -2% | -22% | -27% | -13% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PATK, UFPI, THO, WGO, BC. 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] 2026 data is for the year up to 4/10/2026 (YTD)
How Low Can It Go
| Event | LCII | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -43.8% | -25.4% |
| % Gain to Breakeven | 78.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -50.6% | -33.9% |
| % Gain to Breakeven | 102.3% | 51.3% |
| Time to Breakeven | 63 days | 148 days |
| 2018 Correction | ||
| % Loss | -54.0% | -19.8% |
| % Gain to Breakeven | 117.5% | 24.7% |
| Time to Breakeven | 701 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -87.6% | -56.8% |
| % Gain to Breakeven | 703.3% | 131.3% |
| Time to Breakeven | 1,613 days | 1,480 days |
Compare to PATK, UFPI, THO, WGO, BC
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.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
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.
AI Analysis | Feedback
Here are 1-2 brief analogies for LCI Industries (LCII):
- The 'Intel Inside' for the recreational vehicle industry.
- The Foxconn of the RV, boat, and manufactured home industries.
AI Analysis | Feedback
- Chassis & Suspension Solutions: Manufactures steel chassis, axles, and suspension components essential for recreational vehicles and adjacent industries.
- Slide-out Mechanisms: Provides systems for expanding the interior living space of RVs.
- Interior Components & Furnishings: Offers thermoformed bath/kitchen products, furniture, mattresses, appliances, air conditioners, televisions, and sound systems.
- Windows & Doors: Produces vinyl, aluminum, frameless windows, and various types of entry, luggage, patio, and ramp doors.
- Stabilization & Leveling Systems: Supplies manual, electric, and hydraulic systems to stabilize and level vehicles.
- Entry Steps & Awnings: Manufactures electric and manual entry steps, along with awnings and their accessories.
- Towing & Truck Accessories: Provides products for vehicle towing and various truck enhancements.
- Marine & Specialty Components: Supplies biminis, covers, buoys, fenders, and other components primarily for the marine industry and other adjacent markets.
AI Analysis | Feedback
Major Customers of LCI Industries (LCII)
LCI Industries primarily sells its products and components to other companies (Business-to-Business or B2B) rather than directly to individual consumers. The company's customer base consists of manufacturers and various distribution and service channels within the recreational vehicle (RV) and adjacent industries.
Based on the provided background information, specific names of major customer companies are not listed. However, its customers fall into the following categories:
- Original Equipment Manufacturers (OEMs): This segment supplies a wide range of components directly to manufacturers of finished products. These OEM customers are involved in the production of:
- Recreational Vehicles (RVs), including travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers.
- Buses.
- Various types of trailers (e.g., those used for boats, livestock, equipment, and other cargo).
- Trucks.
- Boats.
- Trains.
- Manufactured homes and modular housing.
- Aftermarket Channels: This segment supplies components for RV and adjacent industries to entities that serve the post-manufacturing market. These customers include:
- Retail dealers.
- Wholesale distributors.
- Service centers.
- The marine industry (for products like biminis, covers, buoys, and fenders).
AI Analysis | Feedback
nullAI Analysis | Feedback
Jason Lippert, President and Chief Executive Officer
Jason Lippert is a third-generation leader of LCI Industries, having joined the family company in 1994 and assuming the role of CEO in 2003. He was instrumental in diversifying LCI's brand portfolio and has overseen numerous acquisitions, significantly expanding the company's manufacturing operations. His family's business was acquired in the late 1990s, after which he guided LCI from private to public status, with listings on the AMEX in 1997 and the NYSE in 2001. Mr. Lippert also serves as an Independent Director at Quanex Building Products Corp.
Lillian Etzkorn, Executive Vice President and Chief Financial Officer
Lillian Etzkorn was appointed Executive Vice President and Chief Financial Officer of LCI Industries, effective April 17, 2023. Prior to joining LCI Industries, she served as CFO at Covia, and before that, held financial leadership roles as CFO of Shiloh Industries and CPI Card Group. Ms. Etzkorn also held various senior positions at publicly traded automotive companies, including Dana Holding Corp. and Ford Motor Co., where she began her career in finance.
Andrew Namenye, Executive Vice President, Chief Legal Officer, and Corporate Secretary
Andrew Namenye serves as the Executive Vice President, Chief Legal Officer, and Corporate Secretary for LCI Industries.
Jamie Schnur, Group President - Aftermarket
Jamie Schnur is the Group President for the Aftermarket segment at LCI Industries.
Ryan Smith, Group President - North America
Ryan Smith holds the position of Group President - North America at LCI Industries. His leadership has contributed to significant growth within Lippert, particularly expanding the Interior Division's revenue.
AI Analysis | Feedback
Here are the key risks to LCI Industries (LCII):
- Cyclicality and Seasonality of the RV and Adjacent Industries: LCI Industries' financial performance is heavily dependent on the health of the recreational vehicle (RV) market and adjacent industries, which are inherently cyclical and seasonal. Economic downturns, changes in consumer confidence, and the availability of wholesale and consumer credit can significantly impact demand for RVs and, consequently, for LCI Industries' components. The company has experienced declining returns and revenues despite increased capital deployment, indicating struggles to maintain growth and profitability amidst challenging market conditions.
- Volatile Raw Material Costs and Supply Chain Risks: The company is exposed to fluctuations in the cost of key raw materials, such as steel and aluminum, which can adversely affect its financial condition and operating results. Additionally, LCI Industries faces supply chain risks, including reliance on a limited number of suppliers for crucial components, some of which are imported, and the impact of changes in global tariff frameworks.
- Customer Concentration: LCI Industries relies on a few major customers, with a significant portion of its consolidated net sales attributed to a small number of key relationships. For instance, two customers accounted for 34% of consolidated net sales in 2024. Any disruption or loss of these significant customer relationships could materially impact the company's sales and financial performance.
AI Analysis | Feedback
null
AI Analysis | Feedback
LCI Industries, trading under the symbol LCII, primarily manufactures and supplies components for recreational vehicles (RVs) and adjacent industries such as marine and manufactured housing. The addressable markets for their main products and services are sizable across global and North American regions.
Recreational Vehicle (RV) Market
- The global recreational vehicle market was valued at approximately USD 51.59 billion in 2025 and is projected to reach USD 75.24 billion by 2034, growing at a CAGR of 4.40%. Other estimates place the global market at USD 56.7 billion in 2024, expected to reach USD 82.4 billion by 2034 with a 4% CAGR, or USD 56.35 billion in 2024, projected to reach USD 97.86 billion by 2033 with a CAGR of 6.5%.
- North America is a dominant region in the global RV market. In 2025, the North America market was valued at USD 24.98 billion, and in 2022, it generated a revenue of USD 35,044.0 million. The North America RV market is projected to reach USD 35.03 billion by 2031 with an 8.25% CAGR from 2026 to 2031, or USD 89,293.5 million by 2030 with a CAGR of 12.4% from 2023 to 2030. Another report indicates the North America RV market size was valued at US$ 59.8 billion in 2026 and is projected to reach US$ 83.0 billion by 2033, growing at a CAGR of 4.8%. The U.S. market alone is estimated to reach USD 17.86 billion by 2026.
Marine Industry (Parts, Accessories, and Equipment) Market
- The global recreational boat parts and accessories market is projected to reach USD 23.45 billion by 2034, exhibiting a CAGR of 3.47% from 2025 to 2034.
- North America dominates the Recreational Boat Parts and Accessories Market, accounting for approximately 45% of the global share. The global boat accessory market size reached USD 6.89 billion in 2024 and is expected to grow to USD 10.92 billion by 2033 at a CAGR of 5.2%. North America was the largest regional market for boat accessories, accounting for USD 2.45 billion of the global market in 2024.
- The global watercraft accessories market was valued at USD 8.437.18 million in 2025 and is expected to reach USD 12,586.21 million by 2032, growing at a CAGR of 5.9%. North America holds approximately 20% of this market. Another source states the global watercraft accessories market size was valued at USD 8.2 billion in 2023 and is projected to reach approximately USD 12.9 billion by 2032, with North America holding the largest share (approximately 35% in 2023).
- The global marine deck equipment market size was approximately USD 13650.3 million in 2025 and is projected to reach USD 19215.3 million by 2033, growing at a CAGR of 4.367% from 2025 to 2033. North America held 28.60% of the global market revenue for marine deck equipment in 2025.
- The North America marine engines market is projected to grow from USD 3,747.82 million in 2025 to USD 5,617.76 million by 2035, at a CAGR of 4.17%. The U.S. marine engine market holds a commanding share of approximately 85% of North America's total market value, estimated at USD 3,050.0 million in 2024.
Manufactured Housing Market
- The global manufactured housing market size was valued at USD 27,188 million in 2019 and is projected to reach USD 38,848 million by 2027, registering a CAGR of 6.5%.
- The Manufactured Housing Market is projected to grow at a 4.6% CAGR from 2025 to 2035. North America is the largest market for manufactured housing, accounting for approximately 80% of the global market share.
- The United States manufactured homes market was worth USD 14.6 billion in 2026 and is estimated to reach USD 19.8 billion by 2031, growing at a CAGR of 6.28% from 2026 to 2031.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for LCI Industries (LCII)
Over the next two to three years, LCI Industries (LCII) anticipates several key drivers to fuel its revenue growth:
- Market Share Gains: LCI Industries expects to expand its market share across its core OEM markets, particularly in the RV OEM segment and other OEM end markets such as transportation, marine, and housing. This is attributed to strategic execution and the company's competitive advantages.
- Product Innovation and New Product Launches: A central focus on innovation and the introduction of new products are expected to drive revenue growth. This includes increasing the content supplied per RV unit through new designs and advanced solutions, with recently launched products contributing significantly to annualized revenue.
- Growth in the Aftermarket Segment: The aftermarket segment is projected to experience mid-single-digit growth, supported by a substantial number of recreational vehicles (RVs) entering the repair and replacement cycle. Additionally, the company anticipates growth in automotive aftermarket sales.
- Diversification into Adjacent Industries and Markets: LCI Industries is actively expanding its footprint beyond the traditional RV market into various adjacent industries, including buses, utility trailers, marine, transportation, and residential building products like manufactured housing. This diversification strategy is aimed at unlocking new opportunities and mitigating cyclical impacts. Acquisitions also contribute to this diversification effort.
- Increased Content per RV Unit: The company is focused on increasing the value and number of components it supplies for each RV produced, both towable and motorized. This "content per unit" growth is a direct outcome of successful innovation and market share expansion efforts.
AI Analysis | Feedback
Share Repurchases
- LCI Industries returned $243 million to shareholders in 2025, which included $129 million in share repurchases.
- The company completed buybacks of 1,060,916 shares since May 2025.
- Ongoing share repurchases are expected in 2026.
Outbound Investments
- LCI Industries utilized $112.7 million for business acquisitions in 2025.
- Key acquisitions in 2025 included Freedman Seating and Trans Air, which expanded the company into bus and transportation markets.
- The company plans to continue evaluating opportunities and remaining active in strategic, smaller tuck-in acquisitions within its core and adjacent markets.
Capital Expenditures
- Capital expenditures totaled $52.6 million for the twelve months ended December 31, 2025.
- For 2026, capital expenditures are projected to be between $60 million and $80 million.
- The focus of these expenditures is on investing in the business to support innovation, product development, and efficiency initiatives, including the consolidation of 8 to 10 facilities in 2026, following 5 consolidations in 2025.
Latest Trefis Analyses
Trade Ideas
Select ideas related to LCII.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03312026 | SKY | Champion Homes | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 03272026 | DPZ | Domino's Pizza | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.1% | 3.1% | 0.0% |
| 03272026 | ETSY | Etsy | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.6% | 5.6% | 0.0% |
| 03272026 | OLLI | Ollie's Bargain Outlet | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 3.1% | 3.1% | 0.0% |
| 03272026 | PATK | Patrick Industries | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 3.4% | 3.4% | -1.6% |
| 04302022 | LCII | LCI Industries | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 13.2% | 20.6% | -5.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 87.36 |
| Mkt Cap | 4.0 |
| Rev LTM | 4,742 |
| Op Inc LTM | 296 |
| FCF LTM | 259 |
| FCF 3Y Avg | 363 |
| CFO LTM | 345 |
| CFO 3Y Avg | 493 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | -8.5% |
| Rev Chg Q | 7.6% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Mgn LTM | 5.8% |
| Op Mgn 3Y Avg | 6.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 8.2% |
| CFO/Rev 3Y Avg | 9.8% |
| FCF/Rev LTM | 5.2% |
| FCF/Rev 3Y Avg | 6.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.0 |
| P/S | 0.8 |
| P/EBIT | 11.5 |
| P/E | 17.1 |
| P/CFO | 9.4 |
| Total Yield | 6.3% |
| Dividend Yield | 1.5% |
| FCF Yield 3Y Avg | 9.2% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.6% |
| 3M Rtn | -9.3% |
| 6M Rtn | 17.0% |
| 12M Rtn | 33.0% |
| 3Y Rtn | 16.4% |
| 1M Excs Rtn | 0.7% |
| 3M Excs Rtn | -4.8% |
| 6M Excs Rtn | 11.9% |
| 12M Excs Rtn | 6.0% |
| 3Y Excs Rtn | -46.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Original equipment manufacturers (OEMs) | 2,904 | 4,316 | 3,644 | 2,168 | 2,092 |
| Aftermarket | 881 | 891 | 829 | 628 | 280 |
| Total | 3,785 | 5,207 | 4,473 | 2,796 | 2,371 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Aftermarket | 106 | 74 | 94 | 67 | 35 |
| Original equipment manufacturers (OEMs) | 17 | 479 | 305 | 156 | 165 |
| Total | 123 | 553 | 398 | 223 | 200 |
Price Behavior
Price Behavior
| Market Price | $126.28 | |
| Market Cap ($ Bil) | 3.1 | |
| First Trading Date | 05/03/1989 | |
| Distance from 52W High | -18.9% | |
| 50 Days | 200 Days | |
| DMA Price | $134.28 | $112.16 |
| DMA Trend | up | down |
| Distance from DMA | -6.0% | 12.6% |
| 3M | 1YR | |
| Volatility | 34.1% | 32.6% |
| Downside Capture | 0.35 | 0.32 |
| Upside Capture | 79.93 | 110.70 |
| Correlation (SPY) | 32.9% | 35.2% |
LCII Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.84 | 0.66 | 0.94 | 0.75 | 0.89 | 1.08 |
| Up Beta | 2.94 | 1.07 | 1.84 | 1.11 | 0.96 | 1.05 |
| Down Beta | 0.76 | 0.61 | 0.68 | 0.68 | 0.73 | 0.75 |
| Up Capture | 53% | 7% | 108% | 119% | 111% | 177% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 8 | 16 | 29 | 65 | 125 | 378 |
| Down Capture | 84% | 105% | 74% | 36% | 85% | 107% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 14 | 26 | 34 | 60 | 126 | 371 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LCII | |
|---|---|---|---|---|
| LCII | 76.1% | 33.9% | 1.71 | - |
| Sector ETF (XLY) | 28.9% | 22.5% | 1.05 | 53.6% |
| Equity (SPY) | 31.2% | 17.3% | 1.47 | 45.3% |
| Gold (GLD) | 60.1% | 27.8% | 1.69 | 2.1% |
| Commodities (DBC) | 29.8% | 16.6% | 1.58 | 8.2% |
| Real Estate (VNQ) | 21.3% | 15.2% | 1.07 | 47.8% |
| Bitcoin (BTCUSD) | -4.3% | 43.7% | 0.02 | 20.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LCII | |
|---|---|---|---|---|
| LCII | 2.1% | 39.0% | 0.16 | - |
| Sector ETF (XLY) | 6.3% | 23.7% | 0.23 | 54.5% |
| Equity (SPY) | 11.1% | 17.0% | 0.50 | 51.4% |
| Gold (GLD) | 22.1% | 17.8% | 1.02 | 1.5% |
| Commodities (DBC) | 11.8% | 18.8% | 0.52 | 6.8% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 49.8% |
| Bitcoin (BTCUSD) | 4.3% | 56.5% | 0.30 | 20.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LCII | |
|---|---|---|---|---|
| LCII | 10.3% | 39.5% | 0.38 | - |
| Sector ETF (XLY) | 12.2% | 22.0% | 0.51 | 57.9% |
| Equity (SPY) | 13.8% | 17.9% | 0.66 | 57.1% |
| Gold (GLD) | 14.2% | 15.9% | 0.74 | 0.8% |
| Commodities (DBC) | 8.6% | 17.6% | 0.41 | 15.7% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.22 | 50.4% |
| Bitcoin (BTCUSD) | 67.6% | 66.9% | 1.07 | 14.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/18/2026 | -0.2% | -8.2% | -20.5% |
| 10/30/2025 | 5.8% | 22.2% | 27.7% |
| 8/5/2025 | 0.1% | -0.6% | 8.6% |
| 5/6/2025 | 6.6% | 13.9% | 13.9% |
| 2/11/2025 | 5.7% | 8.0% | -9.5% |
| 11/7/2024 | -3.8% | -4.0% | -0.5% |
| 8/6/2024 | 7.1% | 4.2% | 12.6% |
| 5/8/2024 | 5.9% | 9.0% | 1.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 14 |
| # Negative | 11 | 10 | 10 |
| Median Positive | 4.0% | 6.6% | 8.1% |
| Median Negative | -2.4% | -4.1% | -7.2% |
| Max Positive | 7.1% | 22.2% | 31.1% |
| Max Negative | -7.2% | -9.2% | -20.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/18/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Net Sales | 343.00 Mil | -9.7% | Lower New | Actual: 380.00 Mil for Q4 2025 | |||
| 2026 North American RV wholesale shipments | 0.34 Mil | 0.34 Mil | 0.35 Mil | -2.8% | Lowered | Guidance: 0.35 Mil for 2026 | |
| 2026 Operating Margin | 7.5% | 7.75% | 8.0% | 3.3% | 0.2% | Raised | Guidance: 7.5% for 2026 |
| 2026 Revenue | 4.20 Bil | 4.25 Bil | 4.30 Bil | ||||
| 2026 Adjusted EPS | 8.25 | 8.75 | 9.25 | ||||
| 2026 Capital expenditures | 60.00 Mil | 70.00 Mil | 80.00 Mil | ||||
| 2026 Depreciation and amortization | 115.00 Mil | 120.00 Mil | 125.00 Mil | ||||
| 2026 Stock-based compensation expense | 24.00 Mil | 25.50 Mil | 27.00 Mil | ||||
| 2026 Annual tax rate | 25.0% | 26.0% | 27.0% | ||||
Prior: Q3 2025 Earnings Reported 10/30/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Net Sales | 380.00 Mil | Higher New | |||||
| 2025 Operating Profit Margin Improvement | 0.85% | Higher New | |||||
| 2026 Operating Margin | 7.0% | 7.5% | 8.0% | Higher New | |||
| 2025 North American RV wholesale shipments | 0.34 Mil | 0.34 Mil | 0.35 Mil | Higher New | |||
| 2026 North American RV wholesale shipments | 0.34 Mil | 0.35 Mil | 0.36 Mil | Higher New | |||
| 2025 Capital Expenditures | 45.00 Mil | 50.00 Mil | 55.00 Mil | -16.7% | Lowered | Guidance: 60.00 Mil for 2025 | |
| 2025 Depreciation and amortization | 115.00 Mil | 120.00 Mil | 125.00 Mil | 0 | Affirmed | Guidance: 120.00 Mil for 2025 | |
| 2025 Stock-based compensation expense | 21.00 Mil | 22.50 Mil | 24.00 Mil | 9.8% | Raised | Guidance: 20.50 Mil for 2025 | |
| 2025 Annual tax rate | 25.0% | 26.0% | 27.0% | 0 | 0 | Affirmed | Guidance: 26.0% for 2025 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Smith, Ryan Richard | Group President - N.A. | Direct | Sell | 2242026 | 147.81 | 20,000 | 2,956,200 | 1,491,699 | Form |
| 2 | Schnur, Jamie | Group President - Aftermarket | Direct | Sell | 2242026 | 147.65 | 10,000 | 1,476,500 | 4,343,863 | Form |
| 3 | Schnur, Jamie | Group President - Aftermarket | Direct | Sell | 2242026 | 144.66 | 10,000 | 1,446,600 | 2,809,297 | Form |
| 4 | Lippert, Jason | President , CEO | Direct | Sell | 2242026 | 148.01 | 10,000 | 1,480,100 | 55,499,754 | Form |
| 5 | Lippert, Jason | President , CEO | Direct | Sell | 2242026 | 145.03 | 30,000 | 4,350,900 | 50,031,434 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.