LCI Industries (LCII)


Market Price (7/20/2026): $107.68 | Market Cap: $2.6 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment

LCI Industries (LCII)


Market Price (7/20/2026): $107.68
Market Cap: $2.6 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 9.8%, Dividend Yield is 2.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 7.7%

Low stock price volatility
Vol 12M is 36%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech.

Weak multi-year price returns
2Y Excs Rtn is -25%, 3Y Excs Rtn is -71%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.2%

Key risks
LCII key risks include [1] significant customer concentration, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, Dividend Yield is 2.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 7.7%
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 Weak multi-year price returns
2Y Excs Rtn is -25%, 3Y Excs Rtn is -71%
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.2%
5 Key risks
LCII key risks include [1] significant customer concentration, Show more.

LCII in ETFs

Weight = LCII's share of each fund

VTI0.00%
ITOT0.00%
IWM0.08%
IJR0.14%
VYM0.01%
VB0.03%
IJS0.28%
SLYV0.28%
+14 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/16/2026

LCI Industries (LCII) stock has lost about 10% since 3/31/2026 because of the following key factors:

1. Weakening Demand in the RV and Marine Markets. The recreational vehicle (RV) and marine industries, key sectors for LCI Industries, have shown signs of softening demand during the period. A competitor, Dometic, reported a sales decline for fiscal Q2 2026 and anticipates continued weak demand and elevated uncertainty in these markets, indicating a broader industry headwind affecting LCI Industries as a primary supplier.

2. Persistent High Inflation and Elevated Interest Rates Dampening Consumer Discretionary Spending. Macroeconomic factors such as persistent and accelerating inflation, driven partly by a nearly 50% increase in oil prices due to geopolitical tensions and the closure of the Strait of Hormuz since February 28, 2026, have likely eroded consumers' real incomes. Concurrently, the Federal Reserve has maintained elevated interest rates in the range of 3.50-3.75% for fiscal Q2 2026, increasing borrowing costs for large discretionary purchases like RVs and boats and subsequently impacting consumer spending.

Show more
Updated on 7/16/2026

LCI Industries (LCII) stock has lost about 10% since 3/31/2026 because of the following key factors:

1. Weakening Demand in the RV and Marine Markets. The recreational vehicle (RV) and marine industries, key sectors for LCI Industries, have shown signs of softening demand during the period. A competitor, Dometic, reported a sales decline for fiscal Q2 2026 and anticipates continued weak demand and elevated uncertainty in these markets, indicating a broader industry headwind affecting LCI Industries as a primary supplier.

2. Persistent High Inflation and Elevated Interest Rates Dampening Consumer Discretionary Spending. Macroeconomic factors such as persistent and accelerating inflation, driven partly by a nearly 50% increase in oil prices due to geopolitical tensions and the closure of the Strait of Hormuz since February 28, 2026, have likely eroded consumers' real incomes. Concurrently, the Federal Reserve has maintained elevated interest rates in the range of 3.50-3.75% for fiscal Q2 2026, increasing borrowing costs for large discretionary purchases like RVs and boats and subsequently impacting consumer spending.

3. Multiple Analyst Price Target Reductions. Several financial analysts adjusted their price targets for LCI Industries downwards within the analysis period, contributing to negative market sentiment. For instance, on June 23, 2026, Benchmark maintained a "Buy" rating but lowered its price target for LCII from $150 to $125. Similarly, in early May 2026, Robert W. Baird reduced its target from $145 to $140, and BMO Capital decreased its target from $155 to $140.

4. Significant Insider Selling Activity. The market has seen substantial insider selling activity, with an estimated $13.14 million in open market sales by company insiders over the last six months. Notably, filings from the CEO, Jason Lippert (June 5, 2026), and the CFO, Lillian Etzkorn (April 20, 2026), are within this period. This significant divestment by executives and directors can be interpreted by investors as a lack of confidence in the company's near-term stock performance.

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Stock Movement Drivers

Fundamental Drivers

The -11.1% change in LCII stock from 3/31/2026 to 7/19/2026 was primarily driven by a -17.2% change in the company's P/E Multiple.
(LTM values as of)33120267192026Change
Stock Price ($)121.73108.17-11.1%
Change Contribution By: 
Total Revenues ($ Mil)4,1224,1671.1%
Net Income Margin (%)4.6%4.8%6.0%
P/E Multiple15.713.0-17.2%
Shares Outstanding (Mil)24240.1%
Cumulative Contribution-11.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/19/2026
ReturnCorrelation
LCII-11.1% 
Market (SPY)14.3%35.7%
Sector (XLY)5.9%40.6%

Fundamental Drivers

The -9.1% change in LCII stock from 12/31/2025 to 7/19/2026 was primarily driven by a -19.8% change in the company's P/E Multiple.
(LTM values as of)123120257192026Change
Stock Price ($)118.98108.17-9.1%
Change Contribution By: 
Total Revenues ($ Mil)3,9924,1674.4%
Net Income Margin (%)4.5%4.8%7.9%
P/E Multiple16.213.0-19.8%
Shares Outstanding (Mil)24240.6%
Cumulative Contribution-9.1%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/19/2026
ReturnCorrelation
LCII-9.1% 
Market (SPY)9.3%35.4%
Sector (XLY)-3.1%40.4%

Fundamental Drivers

The 23.5% change in LCII stock from 6/30/2025 to 7/19/2026 was primarily driven by a 18.7% change in the company's Net Income Margin (%).
(LTM values as of)63020257192026Change
Stock Price ($)87.57108.1723.5%
Change Contribution By: 
Total Revenues ($ Mil)3,8194,1679.1%
Net Income Margin (%)4.1%4.8%18.7%
P/E Multiple14.313.0-9.1%
Shares Outstanding (Mil)25244.9%
Cumulative Contribution23.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/19/2026
ReturnCorrelation
LCII23.5% 
Market (SPY)21.3%33.0%
Sector (XLY)6.8%42.2%

Fundamental Drivers

The -3.5% change in LCII stock from 6/30/2023 to 7/19/2026 was primarily driven by a -8.1% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020237192026Change
Stock Price ($)112.05108.17-3.5%
Change Contribution By: 
Total Revenues ($ Mil)4,5364,167-8.1%
Net Income Margin (%)4.5%4.8%6.6%
P/E Multiple13.713.0-5.3%
Shares Outstanding (Mil)25244.1%
Cumulative Contribution-3.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/19/2026
ReturnCorrelation
LCII-3.5% 
Market (SPY)73.6%43.5%
Sector (XLY)39.1%49.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LCII Return23%-38%41%-15%23%-9%2%
Peers Return32%-23%53%-13%6%-10%28%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
LCII Win Rate58%33%58%50%67%29% 
Peers Win Rate60%33%50%48%57%40% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
LCII Max Drawdown-18%-42%-22%-21%-31%-42% 
Peers Max Drawdown-27%-38%-22%-28%-34%-36% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[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 7/17/2026 (YTD)

How Low Can It Go

EventLCIIS&P 500
2025 US Tariff Shock
  % Loss-30.4%-18.8%
  % Gain to Breakeven43.7%23.1%
  Time to Breakeven136 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-19.1%-9.5%
  % Gain to Breakeven23.7%10.5%
  Time to Breakeven60 days24 days
2023 SVB Regional Banking Crisis
  % Loss-10.4%-6.7%
  % Gain to Breakeven11.6%7.1%
  Time to Breakeven36 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-38.9%-24.5%
  % Gain to Breakeven63.6%32.4%
  Time to Breakeven1183 days427 days
2020 COVID-19 Crash
  % Loss-49.8%-33.7%
  % Gain to Breakeven99.1%50.9%
  Time to Breakeven63 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.1%-19.2%
  % Gain to Breakeven33.5%23.8%
  Time to Breakeven25 days105 days

Compare to PATK, UFPI, THO, WGO, BC

In The Past

LCI Industries's stock fell -30.4% during the 2025 US Tariff Shock. Such a loss loss requires a 43.7% 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.

EventLCIIS&P 500
2025 US Tariff Shock
  % Loss-30.4%-18.8%
  % Gain to Breakeven43.7%23.1%
  Time to Breakeven136 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-38.9%-24.5%
  % Gain to Breakeven63.6%32.4%
  Time to Breakeven1183 days427 days
2020 COVID-19 Crash
  % Loss-49.8%-33.7%
  % Gain to Breakeven99.1%50.9%
  Time to Breakeven63 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-25.1%-19.2%
  % Gain to Breakeven33.5%23.8%
  Time to Breakeven25 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.5%-17.9%
  % Gain to Breakeven36.1%21.8%
  Time to Breakeven79 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-34.2%-15.4%
  % Gain to Breakeven52.0%18.2%
  Time to Breakeven310 days125 days
2008-2009 Global Financial Crisis
  % Loss-80.9%-53.4%
  % Gain to Breakeven423.6%114.4%
  Time to Breakeven1060 days1085 days

Compare to PATK, UFPI, THO, WGO, BC

In The Past

LCI Industries's stock fell -30.4% during the 2025 US Tariff Shock. Such a loss loss requires a 43.7% 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 (LCII) is a leading global manufacturer and supplier of a vast array of engineered components primarily for the recreational vehicle (RV) industry. The company operates through two main segments: Original Equipment Manufacturers (OEM) and Aftermarket. Essentially, LCII provides much of the foundational and accessory content that goes into new RVs and related vehicles, as well as supplying components for repair and upgrades.

The OEM segment is comprehensive, offering products ranging from structural elements like steel chassis, axles, and slide-out mechanisms, to interior furnishings such as furniture, mattresses, bath/kitchen products, appliances, and electronics. They also supply exterior components like windows, doors, leveling systems, awnings, and steps. While RV manufacturers are their core OEM customers (including travel trailers, fifth-wheels, and truck campers), LCII also serves a diverse set of adjacent industries, supplying components to manufacturers of buses, various types of trailers (boat, livestock, equipment), trucks, boats, trains, and manufactured or modular homes.

LCII's Aftermarket segment focuses on supplying replacement parts and accessories to retail dealers, wholesale distributors, and service centers for RVs and adjacent industries. This includes items like replacement glass and awnings, often fulfilling insurance claims. Additionally, the Aftermarket segment serves the marine industry with specialized products such as biminis, covers, buoys, and fenders, expanding LCII's reach beyond its core vehicle manufacturing base into the broader leisure and transportation component market.

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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.

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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).

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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):

  1. 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.
  2. 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.
  3. 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.

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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.

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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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

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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.

Better Bets vs. LCI Industries (LCII)

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Peer Comparisons

Peers to compare with:

Financials

LCIIPATKUFPITHOWGOBCMedian
NameLCI Indu.Patrick .UFP Indu.Thor Ind.Winnebag.Brunswick 
Mkt Price108.1788.0985.9376.2730.7080.4583.19
Mkt Cap2.62.94.74.00.95.33.4
Rev LTM4,1673,9456,1869,8202,9125,5194,843
Op Inc LTM29427533924976310284
FCF LTM202189301200126340201
FCF 3Y Avg324267463430141364344
CFO LTM255275551336157525306
CFO 3Y Avg373351694569184560467

Growth & Margins

LCIIPATKUFPITHOWGOBCMedian
NameLCI Indu.Patrick .UFP Indu.Thor Ind.Winnebag.Brunswick 
Rev Chg LTM9.1%4.2%-6.4%2.4%5.8%8.3%5.0%
Rev Chg 3Y Avg-2.2%-2.9%-11.3%-6.7%-12.0%-6.4%-6.6%
Rev Chg Q4.3%-0.6%-8.4%-3.9%6.0%12.8%1.8%
QoQ Delta Rev Chg LTM1.1%-0.2%-2.1%-1.1%1.3%2.9%0.5%
Op Inc Chg LTM21.4%4.1%-25.6%-24.8%20.7%-15.4%-5.6%
Op Inc Chg 3Y Avg8.3%-9.4%-26.7%-31.3%-34.6%-30.8%-28.7%
Op Mgn LTM7.0%7.0%5.5%2.5%2.6%5.6%5.5%
Op Mgn 3Y Avg5.9%7.2%7.0%3.4%3.9%8.0%6.5%
QoQ Delta Op Mgn LTM0.3%-0.0%-0.3%-0.8%0.1%-0.2%-0.1%
CFO/Rev LTM6.1%7.0%8.9%3.4%5.4%9.5%6.5%
CFO/Rev 3Y Avg9.6%9.5%10.4%5.8%6.2%10.1%9.6%
FCF/Rev LTM4.8%4.8%4.9%2.0%4.3%6.2%4.8%
FCF/Rev 3Y Avg8.4%7.3%6.9%4.3%4.7%6.6%6.7%

Valuation

LCIIPATKUFPITHOWGOBCMedian
NameLCI Indu.Patrick .UFP Indu.Thor Ind.Winnebag.Brunswick 
Mkt Cap2.62.94.74.00.95.33.4
P/S0.60.70.80.40.31.00.7
P/Op Inc8.910.413.816.011.417.012.6
P/EBIT8.411.412.710.811.5-173.611.1
P/E13.021.017.515.220.8-38.516.4
P/CFO10.310.48.511.95.510.010.2
Total Yield9.8%6.8%7.4%6.6%5.9%-0.4%6.7%
Dividend Yield2.1%2.0%1.7%0.0%1.1%2.1%1.9%
FCF Yield 3Y Avg12.1%9.4%7.2%9.0%10.8%7.9%9.2%
D/E0.50.60.10.20.60.50.5
Net D/E0.40.5-0.10.10.50.40.4

Returns

LCIIPATKUFPITHOWGOBCMedian
NameLCI Indu.Patrick .UFP Indu.Thor Ind.Winnebag.Brunswick 
1M Rtn17.7%0.8%-0.8%6.1%7.1%-3.7%3.5%
3M Rtn-11.5%-17.2%-9.9%-4.7%-7.9%-0.4%-8.9%
6M Rtn-19.7%-30.7%-19.7%-32.6%-34.3%-8.3%-25.2%
12M Rtn16.1%-6.5%-13.7%-13.0%7.9%38.1%0.7%
3Y Rtn-8.6%63.1%-11.9%-27.1%-50.4%0.8%-10.3%
1M Excs Rtn17.3%1.8%0.5%3.1%7.2%-1.4%2.4%
3M Excs Rtn-14.4%-19.9%-12.3%-7.7%-10.0%-1.3%-11.1%
6M Excs Rtn-24.6%-33.7%-24.8%-40.1%-39.5%-15.3%-29.3%
12M Excs Rtn-2.2%-27.0%-33.4%-31.1%-11.8%22.1%-19.4%
3Y Excs Rtn-71.5%2.7%-74.6%-90.3%-117.9%-69.6%-73.0%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Original equipment manufacturers (OEMs)3,1902,8602,9044,3163,644
Aftermarket932881881891829
Total4,1223,7413,7855,2074,473


Operating Income by Segment
$ Mil20252024202320222021
Original equipment manufacturers (OEMs)18410717479305
Aftermarket961111067494
Total280218123553398


Assets by Segment
$ Mil20212020201920182017
Original equipment manufacturers (OEMs)2,2901,5601,1681,034786
Aftermarket83661559613076
Corporate and Other162123998084
Total3,2882,2981,8631,244946


Price Behavior

Price Behavior
Market Price$108.17 
Market Cap ($ Bil)2.6 
First Trading Date05/03/1989 
Distance from 52W High-29.8% 
   50 Days200 Days
DMA Price$103.00$114.69
DMA Trendindeterminatedown
Distance from DMA5.0%-5.7%
 3M1YR
Volatility44.1%36.3%
Downside Capture130.1282.75
Upside Capture48.0782.91
Correlation (SPY)35.3%33.1%
LCII Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.891.371.261.050.981.07
Up Beta2.073.062.161.981.761.11
Down Beta1.410.800.820.710.620.78
Up Capture19%51%30%52%77%116%
Bmk +ve Days11244067140429
Stock +ve Days12202654116371
Down Capture49%152%148%105%86%107%
Bmk -ve Days10172358112321
Stock -ve Days9213771135378

[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
LCII16.9%36.2%0.49-
Sector ETF (XLY)5.8%18.7%0.1741.9%
Equity (SPY)20.2%12.6%1.1833.2%
Gold (GLD)19.6%28.0%0.6310.9%
Commodities (DBC)30.0%19.0%1.25-18.1%
Real Estate (VNQ)15.7%14.0%0.8135.3%
Bitcoin (BTCUSD)-46.3%42.8%-1.336.5%

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-0.4%39.3%0.09-
Sector ETF (XLY)5.6%23.9%0.2054.5%
Equity (SPY)12.8%17.1%0.5751.0%
Gold (GLD)16.9%18.4%0.742.6%
Commodities (DBC)8.7%19.5%0.342.3%
Real Estate (VNQ)2.9%18.9%0.0549.6%
Bitcoin (BTCUSD)13.6%53.5%0.4421.6%

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
LCII5.5%39.9%0.26-
Sector ETF (XLY)12.4%22.1%0.5157.2%
Equity (SPY)15.3%17.9%0.7356.4%
Gold (GLD)11.0%16.1%0.552.9%
Commodities (DBC)7.0%17.9%0.3113.3%
Real Estate (VNQ)5.3%20.7%0.2249.7%
Bitcoin (BTCUSD)58.5%66.2%0.9914.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity2.0 Mil
Short Interest: % Change Since 61520263.6%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest2.6 days
Basic Shares Quantity24.2 Mil
Short % of Basic Shares8.4%

Earnings Returns History

Updated 6/8/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/20264.9%5.9%1.0%
2/18/2026-0.2%-8.2%-20.5%
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%
...
SUMMARY STATS   
# Positive111311
# Negative131113
Median Positive4.9%5.9%8.1%
Median Negative-2.0%-4.0%-6.8%
Max Positive7.1%22.2%27.7%
Max Negative-7.2%-9.2%-20.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/5/20264.9%5.9%1.0%
2/18/2026-0.2%-8.2%-20.5%
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%
2/13/2024-1.5%3.1%-3.2%
11/7/2023-2.3%-3.5%1.8%
8/8/2023-7.2%-4.1%-10.8%
5/9/2023-5.3%-5.0%8.1%
2/14/20230.3%-3.3%-10.4%
11/1/2022-2.0%-9.2%-6.8%
8/2/2022-5.2%1.6%-6.0%
5/10/20223.4%4.7%8.0%
2/10/2022-1.0%2.0%-7.7%
11/2/20210.3%6.1%8.1%
8/3/2021-1.7%-1.8%-2.8%
4/14/2021-2.0%0.7%-3.8%
2/9/2021-0.0%-5.4%-6.5%
11/9/20203.5%9.7%15.3%
8/11/2020-0.7%-0.3%-12.7%
SUMMARY STATS   
# Positive111311
# Negative131113
Median Positive4.9%5.9%8.1%
Median Negative-2.0%-4.0%-6.8%
Max Positive7.1%22.2%27.7%
Max Negative-7.2%-9.2%-20.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202502/26/202610-K
09/30/202510/30/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202402/21/202510-K
09/30/202411/07/202410-Q
06/30/202408/06/202410-Q
03/31/202405/08/202410-Q
12/31/202302/23/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/24/202310-K
09/30/202211/01/202210-Q
06/30/202208/02/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/05/202610-Q
12/31/202502/26/202610-K
09/30/202510/30/202510-Q
06/30/202508/05/202510-Q
03/31/202505/06/202510-Q
12/31/202402/21/202510-K
09/30/202411/07/202410-Q
06/30/202408/06/202410-Q
03/31/202405/08/202410-Q
12/31/202302/23/202410-K
09/30/202311/07/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202202/24/202310-K
09/30/202211/01/202210-Q
06/30/202208/02/202210-Q
03/31/202205/10/202210-Q
12/31/202102/25/202210-K
09/30/202111/02/202110-Q
06/30/202108/04/202110-Q
03/31/202105/04/202110-Q
12/31/202002/26/202110-K
09/30/202011/02/202010-Q
06/30/202008/04/202010-Q
03/31/202005/07/202010-Q
12/31/201902/27/202010-K
09/30/201911/05/201910-Q
06/30/201908/06/201910-Q

Recent Forward Guidance

Updated 7/12/2026

Latest: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Net Sales 374.00 Mil    
2026 North American RV wholesale shipments0.32 Mil0.32 Mil0.33 Mil-5.8% LoweredGuidance: 0.34 Mil for 2026
2026 Revenue4.20 Bil4.25 Bil4.30 Bil0 AffirmedGuidance: 4.25 Bil for 2026
2026 Operating profit margin7.5%7.75%8.0% 0AffirmedGuidance: 7.75% for 2026
2026 Adjusted EPS8.7599.252.9% RaisedGuidance: 8.75 for 2026
2026 Capital expenditures55.00 Mil65.00 Mil75.00 Mil-7.1% LoweredGuidance: 70.00 Mil for 2026
2026 Depreciation and amortization115.00 Mil120.00 Mil125.00 Mil0 AffirmedGuidance: 120.00 Mil for 2026
2026 Stock-based compensation expense24.00 Mil25.50 Mil27.00 Mil0 AffirmedGuidance: 25.50 Mil for 2026
2026 Annual tax rate25.0%26.0%27.0% 0AffirmedGuidance: 26.0% for 2026

Prior: Q4 2025 Earnings Reported 2/18/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Net Sales 343.00 Mil -9.7% Lower NewActual: 380.00 Mil for Q4 2025
2026 North American RV wholesale shipments0.34 Mil0.34 Mil0.35 Mil-2.8% LoweredGuidance: 0.35 Mil for 2026
2026 Revenue4.20 Bil4.25 Bil4.30 Bil   
2026 Operating profit margin7.5%7.75%8.0% 0.2%RaisedGuidance: 7.5% for 2026
2026 Adjusted EPS8.258.759.25   
2026 Capital expenditures60.00 Mil70.00 Mil80.00 Mil40.0% Higher NewActual: 50.00 Mil for 2025
2026 Depreciation and amortization115.00 Mil120.00 Mil125.00 Mil0.0% Same NewActual: 120.00 Mil for 2025
2026 Stock-based compensation expense24.00 Mil25.50 Mil27.00 Mil13.3% Higher NewActual: 22.50 Mil for 2025
2026 Annual tax rate25.0%26.0%27.0% 0.0%Same NewActual: 26.0% for 2025

Q3 2025 Earnings Reported 10/30/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Net Sales 380.00 Mil    
2025 Operating Profit Margin Improvement 0.85%    
2026 Operating Margin7.0%7.5%8.0%   
2025 North American RV wholesale shipments0.34 Mil0.34 Mil0.35 Mil   
2026 North American RV wholesale shipments0.34 Mil0.35 Mil0.36 Mil   
2025 Capital Expenditures45.00 Mil50.00 Mil55.00 Mil-16.7% LoweredGuidance: 60.00 Mil for 2025
2025 Depreciation and amortization115.00 Mil120.00 Mil125.00 Mil0 AffirmedGuidance: 120.00 Mil for 2025
2025 Stock-based compensation expense21.00 Mil22.50 Mil24.00 Mil9.8% RaisedGuidance: 20.50 Mil for 2025
2025 Annual tax rate25.0%26.0%27.0% 0AffirmedGuidance: 26.0% for 2025

Insider Activity

Updated 5/14/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lippert, JasonPresident , CEODirectSell2242026142.7610,0001,427,60047,820,745Form
2Schnur, JamieGroup President - AftermarketDirectSell2242026144.6610,0001,446,6002,809,297Form
3Lippert, JasonPresident , CEODirectSell2242026145.0330,0004,350,90050,031,434Form
4Smith, Ryan RichardGroup President - N.A.DirectSell2242026147.8120,0002,956,2001,491,699Form
5Schnur, JamieGroup President - AftermarketDirectSell2242026147.6510,0001,476,5004,343,863Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lippert, JasonPresident , CEODirectSell2242026142.7610,0001,427,60047,820,745Form
2Schnur, JamieGroup President - AftermarketDirectSell2242026144.6610,0001,446,6002,809,297Form
3Lippert, JasonPresident , CEODirectSell2242026145.0330,0004,350,90050,031,434Form
4Smith, Ryan RichardGroup President - N.A.DirectSell2242026147.8120,0002,956,2001,491,699Form
5Schnur, JamieGroup President - AftermarketDirectSell2242026147.6510,0001,476,5004,343,863Form
6Lippert, JasonPresident , CEODirectSell2242026148.0110,0001,480,10055,499,754Form
Core Cache Last Updated: 7/19/2026