Tearsheet

Lindsay (LNN)

Market Price (12/4/2025): $118.33 | Market Cap: $1.3 Bil
Sector: Industrials | Industry: Agricultural & Farm Machinery

Lindsay (LNN)

Market Price (12/4/2025): $118.33
Market Cap: $1.3 Bil
Sector: Industrials
Industry: Agricultural & Farm Machinery

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, FCF Yield is 5.9%	Weak multi-year price returns 2Y Excs Rtn is -49%, 3Y Excs Rtn is -103%	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.7%, Rev Chg QQuarterly Revenue Change % is -0.9%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2	Low stock price volatility Vol 12M is 26%
3	Megatrend and thematic drivers Megatrends include Water Infrastructure, Sustainable Resource Management, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, 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 5.9%, FCF Yield is 5.9%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
2	Low stock price volatility Vol 12M is 26%
3	Megatrend and thematic drivers Megatrends include Water Infrastructure, Sustainable Resource Management, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Show more.
4	Weak multi-year price returns 2Y Excs Rtn is -49%, 3Y Excs Rtn is -103%
5	Weak revenue growth Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.7%, Rev Chg QQuarterly Revenue Change % is -0.9%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$118.33	$116.99	$126.23	$157.49
Market Cap CYE ($ Bil)	1.3	1.3	1.4	1.7
Total Debt ($ Bil)	0.1	0.1	0.1	0.1
Total Cash ($ Bil)	0.3	0.3	0.2	0.2
Enterprise Value ($ Bil)	1.2	1.4	1.5	1.8
Valuation Ratios
P/S TTM	2.2	1.9	2.3	2.7
P/EBIT TTM	15.8	13.3	17.2	17.2
P/E TTM	20.6	17.4	21.4	24.8
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0

	12/4/25	2024
Share Price CYE	$118.33	$116.99
Market Cap CYE ($ Bil)	1.3	1.3
Total Debt ($ Bil)	0.1	0.1
Total Cash ($ Bil)	0.3	0.3
Enterprise Value ($ Bil)	1.2	1.4
Valuation Ratios
P/S TTM	2.2	1.9
P/EBIT TTM	15.8	13.3
P/E TTM	20.6	17.4
Sector Ratios
P/S TTM (Sector)	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0
P/E TTM (Sector)	0.0	0.0

	LNN	S&P 500
REVENUE GROWTH	POOR
Rev LTM ($ Bil)	0.7
Rev Chg Q	-0.9%	7.1%
Rev Chg LTM	11.4%	6.1%
Rev Chg 3Y Avg	-3.7%	5.5%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	13.0%	18.8%
CFO/Rev LTM	19.7%	20.5%
Net Inc Mgn	10.9%	13.1%
VALUATION	MODERATE
P/S	2.3	3.2
P/CFO	11.5	15.8
P/FCF	16.8	20.5
P/E	20.6	23.5
STABILITY	VERY GOOD
Debt/Equity	0.09	0.20
Cash/Assets	0.30	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Backlog of unfilled orders	110700000	8312025	Link
North America irrigation sales units percentage change	-9%	10232025	Link
International irrigation sales units percentage change	39%	10232025	Link

Recent
11/14/2025	Dividend	Amount: $0.37 Payment On: 11/28/2025
Upcoming
1/06/2026	Earnings Release	Rev: $166 Mil (E) EPS: $1.46 (E)
4/01/2026	Earnings Release	Rev: - EPS: -

LNN Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. Lindsay Corporation reported disappointing financial results for the fourth quarter of fiscal year 2025, which ended August 31, 2025. The company announced on October 23, 2025, that its diluted earnings per share (EPS) for the quarter was $0.99, missing analysts' consensus estimates of $1.04 by $0.05. Quarterly revenues also saw a slight decrease of 1% compared to the previous year, with operating income down 16%.

2. A significant decline in North American irrigation revenues contributed to the weak quarterly performance. In the fourth quarter of fiscal 2025, North America irrigation revenues decreased by 19% due to lower storm damage replacement demand and soft market conditions. This largely offset growth experienced in international irrigation revenues.

Stock Movement Drivers

Fundamental Drivers

The -12.8% change in LNN stock from 9/3/2025 to 12/3/2025 was primarily driven by a -10.6% change in the company's P/E Multiple.

	9032025	12032025	Change
Stock Price ($)	135.96	118.55	-12.80%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	677.81	676.37	-0.21%
Net Income Margin (%)	11.21%	10.95%	-2.32%
P/E Multiple	19.44	17.38	-10.59%
Shares Outstanding (Mil)	10.86	10.86	0.06%
Cumulative Contribution			-12.80%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
LNN	-12.8%
Market (SPY)	6.2%	31.0%
Sector (XLI)	2.9%	38.3%

Fundamental Drivers

The -12.7% change in LNN stock from 6/4/2025 to 12/3/2025 was primarily driven by a -9.4% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	135.75	118.55	-12.67%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	647.54	676.37	4.45%
Net Income Margin (%)	11.87%	10.95%	-7.75%
P/E Multiple	19.19	17.38	-9.42%
Shares Outstanding (Mil)	10.86	10.86	0.06%
Cumulative Contribution			-12.67%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
LNN	-12.7%
Market (SPY)	15.1%	40.4%
Sector (XLI)	7.6%	46.9%

Fundamental Drivers

The -7.4% change in LNN stock from 12/3/2024 to 12/3/2025 was primarily driven by a -17.1% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	128.02	118.55	-7.40%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	607.07	676.37	11.41%
Net Income Margin (%)	10.91%	10.95%	0.32%
P/E Multiple	20.98	17.38	-17.15%
Shares Outstanding (Mil)	10.86	10.86	0.00%
Cumulative Contribution			-7.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
LNN	-7.4%
Market (SPY)	14.3%	59.6%
Sector (XLI)	9.8%	65.5%

Fundamental Drivers

The -30.8% change in LNN stock from 12/4/2022 to 12/3/2025 was primarily driven by a -39.5% change in the company's P/E Multiple.

	12042022	12032025	Change
Stock Price ($)	171.39	118.55	-30.83%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	770.74	676.37	-12.24%
Net Income Margin (%)	8.49%	10.95%	28.89%
P/E Multiple	28.74	17.38	-39.54%
Shares Outstanding (Mil)	10.98	10.86	1.13%
Cumulative Contribution			-30.84%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
LNN	-0.6%
Market (SPY)	53.2%	43.6%
Sector (XLI)	45.4%	53.8%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
LNN Return	35%	19%	8%	-20%	-7%	0%	30%
Peers Return	24%	11%	11%	12%	-7%	-10%	43%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
LNN Win Rate	58%	58%	58%	42%	42%	60%
Peers Win Rate	53%	43%	43%	35%	33%	49%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
LNN Max Drawdown	-24%	-1%	-22%	-34%	-15%	-9%
Peers Max Drawdown	-32%	-7%	-19%	-9%	-16%	-24%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DE, AGCO, GENC, WNC, AEBI.
[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 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	LNN	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-41.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	69.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-33.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	51.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	220 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-28.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	40.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	243 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-82.9%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	483.9%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	4327 days	1480 days

Compare to DE, AGCO, GENC, WNC, AEBI

In The Past

Lindsay's stock fell -41.0% during the 2022 Inflation Shock from a high on 11/23/2022. A -41.0% loss requires a 69.6% gain to breakeven.

Preserve Wealth

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Asset Allocation

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About Lindsay (LNN)

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It also offers repair and replacement parts for its irrigation systems and controls; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, and smartphone applications; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand. The Infrastructure segment provides Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and re-directive and non-re-directive crash cushions, which are used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards. It also offers specialty barrier products; road marking and road safety equipment; and railroad signals and structures, and diameter steel tubing products, as well as outsourced manufacturing and production services for other companies. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.

AI Generated Analysis | Feedback

John Deere for irrigation systems

AI Generated Analysis | Feedback

The major products of Lindsay Corporation (LNN) are:

Irrigation Systems: Systems and technology for efficient agricultural irrigation, primarily center pivot and lateral move systems.
Road Zipper System: A movable concrete barrier system that safely reconfigures traffic lanes to ease congestion.
Roadway Safety Products: Products designed to improve safety on roadways, including crash cushions and guardrail end terminals.

AI Generated Analysis | Feedback

Lindsay Corporation (LNN) primarily sells its products and solutions to other companies and organizations, rather than directly to individuals. The company operates through two main business segments, each with distinct customer types:

Irrigation Segment: Lindsay manufactures and markets agricultural irrigation systems, primarily center pivots and lateral move systems. Its direct customers in this segment are a global network of independent dealers and distributors. These dealers, in turn, sell the irrigation equipment to farmers and agricultural enterprises worldwide. Therefore, Lindsay's direct "customer companies" are these independent dealers and distributors.
Infrastructure Segment: This segment provides solutions for road safety (such as crash cushions, road barriers, and specialty markings) and water management. The customers for these products typically include governmental entities (federal, state, and local agencies), municipalities, road construction contractors, and other businesses involved in infrastructure development and maintenance.

However, it is important to note that based on Lindsay Corporation's public financial filings (e.g., its annual Form 10-K), the company explicitly states that no single customer accounted for 10% or more of its consolidated net sales in recent fiscal years. This indicates a highly diversified customer base spread across its extensive global dealer network for irrigation and numerous project-based sales for infrastructure products.

Therefore, while Lindsay sells primarily to other companies, it does not have any specific "major customer companies" that represent a significant concentrated portion of its revenue that can be individually identified or listed with their symbols.

AI Generated Analysis | Feedback

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Randy A. Wood, President and Chief Executive Officer

Randy A. Wood has served as President and Chief Executive Officer of Lindsay Corporation since January 2021 and has been a director since the same time. He joined Lindsay in March 2008 and has held various leadership roles within the company, including Chief Operating Officer from September 2020 to December 2020, President of the Irrigation segment from May 2016 to August 2020, and President of International Irrigation from October 2013 to May 2016. Prior to joining Lindsay, Mr. Wood spent 11 years with Case Corporation / CNH Global, where he held positions such as Senior Director of Marketing for Case IH Tractors and Senior Director of Sales and Marketing for Parts and Service. He holds an MBA and completed a Global Executive Leadership Program at Yale.

Brian L. Ketcham, Senior Vice President and Chief Financial Officer

Brian L. Ketcham has been the Senior Vice President and Chief Financial Officer of Lindsay Corporation since April 2016. He intends to retire from this position effective December 31, 2025, and will continue as a consultant through December 31, 2026, to ensure a smooth transition. Before joining Lindsay, Mr. Ketcham held various finance roles at Valmont Industries, Inc. since 2001, including Vice President and Group Controller of the Engineered Support Structures segment. His earlier experience includes positions with Consolidated Container Company LLC and as a Senior Manager for KPMG.

Sam Hinrichsen, Senior Vice President and Chief Financial Officer (Effective January 1, 2026)

Sam Hinrichsen will join Lindsay Corporation as Senior Vice President on November 3, 2025, and will succeed Brian Ketcham as Chief Financial Officer effective January 1, 2026. Since 2022, Mr. Hinrichsen held various finance roles at Stepan Company, including Interim Chief Financial Officer and most recently Global VP of Finance & Investor Relations. His prior experience includes finance positions at CMC Materials, Dover Corporation, Rockwell Automation, TTI Floorcare North America, and ALCOA, Inc.

Melissa G. Moreno, Senior Vice President and Chief Information Officer

Melissa G. Moreno has served as Senior Vice President and Chief Information Officer of Lindsay Corporation since March 2021. Before joining Lindsay, Ms. Moreno was the Chief Information Officer of Cybersecurity and Infrastructure at Gallup. She also held various IT roles at ConAgra Foods and Arthur Andersen.

Kelly M. Staup, Senior Vice President and Chief People Officer

Kelly M. Staup has been the Senior Vice President and Chief People Officer of Lindsay Corporation since 2018. She previously served as the Director of Human Resources for the company from November 2016 to January 2018 and as the Organization Development and Recruiting Manager from June 2011 to November 2016.

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Lindsay (LNN) faces emerging threats from:

Disruptive Ag-Tech and Precision Agriculture Solutions: The rapid proliferation of ag-tech startups and advanced precision agriculture platforms focused on optimizing water usage through data analytics, artificial intelligence, and IoT sensors. While Lindsay offers its own FieldNET platform, a broader shift towards "irrigation-as-a-service" models or third-party software-defined irrigation solutions could commoditize traditional irrigation hardware, impacting demand and profitability for Lindsay's core irrigation equipment segment. These solutions aim to achieve greater efficiency with potentially less reliance on new, large capital expenditures for physical infrastructure.
Autonomous Vehicles and Smart Infrastructure: The global movement towards autonomous vehicles (AVs) and smart infrastructure technologies designed to drastically reduce road accidents through vehicle-to-everything (V2X) communication and advanced safety systems. As these technologies mature and become more widespread, the fundamental need for Lindsay's traditional roadway safety infrastructure products, such as crash barriers and impact attenuators, could diminish over time, posing a long-term threat to this segment of their business.

AI Generated Analysis | Feedback

Lindsay Corporation (LNN) operates in two main segments: Irrigation and Infrastructure. The addressable markets for their primary products and services are as follows:

Irrigation Systems (Center Pivot and Lateral Move Irrigation Systems)

Global Market: The global market for center pivot irrigation systems was valued at an estimated USD 1.62 billion in 2023 and is projected to reach USD 3.27 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 11.6% from 2024 to 2030. The market size was expected to be USD 1.69 billion in 2024.
North America Market: In North America, the center pivot irrigation systems market generated a revenue of USD 632.1 million in 2023. It is anticipated to reach USD 1,273.2 million by 2030, with a CAGR of 10.5% from 2024 to 2030. North America accounted for approximately 42.5% of the global market share in 2024, valued at around USD 0.6 billion.

Road Infrastructure Products and Services

This segment includes products such as movable barrier systems, crash cushions, end terminals, and other road safety and infrastructure equipment.

Global Road Safety Market: The global road safety market was valued at USD 3.1 billion in 2024 and is projected to reach USD 13.9 billion by 2034, growing at a CAGR of 16.2% from 2025 to 2034.
U.S. Road Safety Market: The U.S. road safety market holds a significant share within the North American region, which itself dominated the global market in 2024.
Global Road & Highway Infrastructure Market: The broader global road and highway infrastructure market was valued at USD 1.20 trillion in 2024 and is expected to grow to USD 2.24 trillion by 2030, with a CAGR of 10.85%.
U.S. Transportation Infrastructure Market: The U.S. transportation infrastructure market was valued at USD 380.4 billion in 2024 and is projected to reach USD 550.5 billion by 2032, expanding at a CAGR of 4.9% from 2025 to 2032. The U.S. transportation infrastructure construction market size is estimated at USD 233.03 billion in 2025.

AI Generated Analysis | Feedback

Lindsay Corporation (LNN) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:

Expansion in International Irrigation Markets: Lindsay Corporation anticipates continued robust growth in its international irrigation business, particularly in developing regions such as South America, the Middle East, North Africa (MENA), and Australia. This growth is fueled by strong project sales and increasing demand for water-efficient irrigation systems in these areas.
Increased Demand for Infrastructure Solutions: The company foresees stable growth in its infrastructure segment, with ongoing demand for its Road Zipper System leasing and sales, as well as road safety products. Lindsay has "line of sight to additional projects potentially moving through the funnel in fiscal 2025" for its Road Zipper System.
Growth in Precision Agriculture and IIoT Solutions: Lindsay's irrigation solutions include advanced remote irrigation management, scheduling technology, and Industrial Internet of Things (IIoT) solutions. The annual recurring revenue from device subscriptions within this area demonstrated significant growth in fiscal year 2024, indicating continued expansion in this high-tech segment.
Strategic Price Management: While facing softer market conditions in some areas, Lindsay has implemented modest price increases which have contributed positively to revenue and are expected to continue to do so in offsetting volume declines, particularly in the North American irrigation market.

AI Generated Analysis | Feedback

Share Repurchases

Lindsay's Board of Directors authorized a new share repurchase program of up to $150 million of the company's outstanding common stock on November 3, 2025.
This new authorization followed the completion of a previously authorized $250 million share repurchase program.
The program provides flexibility to return capital to shareholders while maintaining financial strength for investing in growth opportunities and innovation.

Share Issuance

The company's CFO acquired 768 shares through Performance Stock Unit (PSU) vesting on November 1, 2025, with 813 shares withheld for taxes.
Share repurchases in excess of issuances are subject to a 1% excise tax under the Inflation Reduction Act, implying ongoing share issuances, albeit possibly smaller in scale or related to compensation.

Capital Expenditures

Capital expenditures were $42.5 million in fiscal 2025, $29.0 million in fiscal 2024, and $18.8 million in fiscal 2023.
Expected capital expenditures for fiscal 2026 are projected to be approximately $50 million to $55 million.
The focus of these capital expenditures includes equipment replacement, productivity improvements, new product development, and commercial growth investments, with plans for modernization and productivity enhancements at manufacturing facilities.

Better Bets than Lindsay (LNN)

	LNN	Better Performance than LNN
Metric	Value	INDUSTRY: Agricultural & Farm Machinery
Rev Chg LTM	11.4%	BNC (33.3%)
Rev Chg 3Y Avg	-3.7%	BLBD (25.6%), HY (5.5%), TTC (1.9%), REVG (1.7%), DE (-0.6%)
Op Mgn LTM	13.0%	WNC (22.6%), DE (20.0%), CNH (16.8%), GENC (13.2%)
CFO/Rev LTM	19.7%	DE (19.7%)
FCF/Rev LTM	13.4%
Total Yield	5.9%	MTW (16.0%), BLBD (8.5%), GENC (7.4%), TTC (6.9%), CNH (6.8%)
P/S	2.3	CNH (0.8), AGCO (0.8), BLBD (1.0), REVG (1.0), TTC (1.5)
P/Op Inc	17.3	CNH (4.5), AGCO (12.1), REVG (13.4), TTC (13.8), DE (15.9)

	LNN	Better Performance than LNN
Metric	Value	SECTOR: Industrials
Rev Chg LTM	11.4%	UBER (18.2%), GE (17.7%), WM (15.9%), TDG (12.8%), GD (11.9%)
Rev Chg 3Y Avg	-3.7%	UBER (19.6%), GE (15.7%), BA (10.1%), RTX (9.4%), CAT (5.8%)
Op Mgn LTM	13.0%	UNP (40.6%), GE (20.5%), DE (20.0%), ETN (19.0%), CAT (18.2%)
CFO/Rev LTM	19.7%	UNP (39.6%), TDG (24.5%), WM (23.6%), ADP (22.8%), DE (19.7%)
FCF/Rev LTM	13.4%	UNP (24.5%), UBER (17.5%), PH (16.9%), HON (15.2%), GE (14.7%)
Total Yield	5.9%	UBER (8.1%), UNP (7.3%), HON (6.8%), CAT (6.7%), GD (6.3%)
P/S	2.3	UPS (0.8), LMT (1.6), GD (1.8), BA (2.0), NOC (2.1)
P/Op Inc	17.3	UNP (14.0), CAT (15.8), DE (15.9), MMM (16.3), GD (17.2)

	LNN	Better Performance than LNN
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	11.4%	NVDA (71.6%), AVGO (28.0%), META (21.3%), MSFT (15.6%), GOOGL (13.4%)
Rev Chg 3Y Avg	-3.7%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	13.0%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	19.7%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), GOOGL (39.3%), AAPL (26.6%)
FCF/Rev LTM	13.4%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	5.9%	XOM (10.3%), JNJ (8.4%), BAC (7.7%), JPM (6.7%), BRK-B (6.2%)
P/S	2.3	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), HD (2.2)
P/Op Inc	17.3	MRK (9.4), UNH (11.9), XOM (12.4), V (16.6), HD (16.8)

		Best Bets In Industrials Sector
	LNN
What You Pay
P/E	20.6
P/EBIT	15.8
What You Get
Rev Chg Q	-0.9%
Rev Chg LTM	11.4%
Rev Chg 3Y Avg	-3.7%
FCF/Rev 3Y Avg	13.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Is Lindsay Stock Built to Withstand a Pullback?	Return
2	Why Lindsay Stock Moved: LNN Stock Has Lost 26% Since 2022 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
3	Time To Buy Lindsay Stock?	Buy or Fear
4	Lindsay (LNN) Valuation Ratios Comparison	Financials
5	Lindsay Total Shareholder Return (TSR): 13.1% in 2025 and -2.8% 3-yr compounded annual returns (below peer average)
6	Lindsay (LNN) Operating Cash Flow Comparison	Financials
7	Lindsay (LNN) Net Income Comparison	Financials
8	Lindsay (LNN) Operating Income Comparison	Financials
9	Lindsay (LNN) Revenue Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

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

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| 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%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| 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%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Lindsay

Peers to compare with:

Financials

	LNN	DE	AGCO	GENC	WNC	AEBI	Median
Name	Lindsay	Deere	AGCO	Gencor I.	Wabash N.	Aebi Sch.
Mkt Price	118.55	481.82	105.13	13.20	9.06	12.02	59.16
Mkt Cap	1.3	130.4	7.8	0.2	0.0	-	1.3
Rev LTM	676	43,397	10,049	118	1,638	1,052	1,345
Op Inc LTM	88	8,663	658	15	371	68	229
FCF LTM	90	4,101	749	-1	108	-40	99
FCF 3Y Avg	86	3,986	654	3	118	-	118
CFO LTM	133	8,556	1,022	0	150	-28	141
CFO 3Y Avg	116	8,522	1,050	5	186	-	186

Growth & Margins

	LNN	DE	AGCO	GENC	WNC	AEBI	Median
Name	Lindsay	Deere	AGCO	Gencor I.	Wabash N.	Aebi Sch.
Rev Chg LTM	11.4%	-20.9%	-20.1%	3.9%	-22.9%	-	-20.1%
Rev Chg 3Y Avg	-3.7%	-0.6%	-3.9%	5.4%	-9.8%	-	-3.7%
Rev Chg Q	-0.9%	-8.3%	-4.7%	5.6%	-17.8%	-	-4.7%
QoQ Delta Rev Chg LTM	-0.2%	-2.4%	-1.2%	1.2%	-4.8%	-	-1.2%
Op Mgn LTM	13.0%	20.0%	6.5%	13.2%	22.6%	6.4%	13.1%
Op Mgn 3Y Avg	13.6%	22.3%	9.2%	12.5%	6.8%	-	12.5%
QoQ Delta Op Mgn LTM	-0.3%	-1.2%	0.4%	0.8%	29.6%	-	0.4%
CFO/Rev LTM	19.7%	19.7%	10.2%	0.1%	9.2%	-2.7%	9.7%
CFO/Rev 3Y Avg	17.7%	16.5%	8.6%	4.4%	8.7%	-	8.7%
FCF/Rev LTM	13.4%	9.4%	7.5%	-0.8%	6.6%	-3.8%	7.0%
FCF/Rev 3Y Avg	13.1%	7.8%	5.4%	2.3%	5.6%	-	5.6%

Valuation

	LNN	DE	AGCO	GENC	WNC	AEBI	Median
Name	Lindsay	Deere	AGCO	Gencor I.	Wabash N.	Aebi Sch.
Mkt Cap	1.3	130.4	7.8	0.2	0.0	-	1.3
P/S	2.3	3.2	0.8	1.7	0.0	-	1.7
P/EBIT	15.8	14.3	33.3	13.3	0.0	-	14.3
P/E	20.6	26.4	21.3	13.5	0.0	-	20.6
P/CFO	11.5	16.1	7.8	1,682.1	0.0	-	11.5
Total Yield	5.9%	5.0%	5.8%	7.4%	67,757.1%	-	5.9%
Dividend Yield	1.0%	1.2%	1.1%	0.0%	3,467.9%	-	1.1%
FCF Yield 3Y Avg	6.2%	3.4%	8.0%	0.6%	12,421.5%	-	6.2%
D/E	0.1	0.5	0.4	0.0	1,078.5	-	0.4
Net D/E	-0.1	0.4	0.3	-0.7	851.5	-	0.3

Returns

	LNN	DE	AGCO	GENC	WNC	AEBI	Median
Name	Lindsay	Deere	AGCO	Gencor I.	Wabash N.	Aebi Sch.
1M Rtn	6.0%	4.3%	0.2%	-2.9%	14.4%	8.1%	5.2%
3M Rtn	-12.8%	3.0%	-2.3%	-17.2%	-17.1%	4.9%	-7.6%
6M Rtn	-12.7%	-4.5%	6.0%	-7.4%	-0.0%	-	-4.5%
12M Rtn	-7.4%	6.4%	5.7%	-39.6%	-52.6%	-	-7.4%
3Y Rtn	-30.8%	12.7%	-14.6%	22.3%	-63.2%	-	-14.6%
1M Excs Rtn	6.1%	4.3%	0.2%	-2.8%	14.4%	8.2%	5.2%
3M Excs Rtn	-19.5%	-3.5%	-9.2%	-23.7%	-24.7%	0.8%	-14.4%
6M Excs Rtn	-27.4%	-19.2%	-8.8%	-22.1%	-14.7%	-	-19.2%
12M Excs Rtn	-23.2%	-8.7%	-8.5%	-54.1%	-66.6%	-	-23.2%
3Y Excs Rtn	-102.8%	-59.0%	-83.8%	-42.6%	-135.1%	-	-83.8%

Financials

Annual
Quarterly

$ Mil \| FY: 8/31	LTM	2025	2024	2023	2022	2021	2020
Period End	8/31/2025	8/31/2025	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020
Filing Date	10/23/2025	10/23/2025	10/24/2024	10/19/2023	10/20/2022	10/21/2021	10/22/2020
Key Financials
Total Revenue	676	676	607	674	771	568	475
EBITDA	117	117	103	123	112	74	73
Operating Income	88	88	77	102	95	54	54
Net Income	74	74	66	72	65	43	39
EPS	6.83	6.82	6.04	6.58	5.97	3.91	3.57
Growth Rates
Total Revenue Growth	11.4%	11.4%	-9.9%	-12.5%	35.8%	19.6%	6.9%
EBITDA Growth	13.4%	13.4%	-16.2%	9.9%	51.1%	1.8%	249.4%
Operating Income Growth	15.0%	15.0%	-25.0%	8.0%	74.9%	-0.2%	786.4%
Net Income Growth	11.8%	11.8%	-8.5%	10.6%	53.8%	10.2%	1678.5%
Margins
EBITDA Margin	17.3%	17.3%	17.0%	18.3%	14.6%	13.1%	15.4%
Operating Income Margin	13.0%	13.0%	12.6%	15.2%	12.3%	9.5%	11.4%
Net Income Margin	10.9%	10.9%	10.9%	10.7%	8.5%	7.5%	8.1%
Cash & Debt
Total Cash	251	251	191	166	117	147	141
Total Debt	137	137	134	136	139	138	147
Net Debt / (Cash)	-114	-114	-56	-30	22	-9	6
Cash Flows
Net Cash from Operations	133	133	96	120	3	44	46
Free Cash from Operations	90	90	67	101	-13	17	25
Returns to Shareholders
Dividends	16	16	15	15	15	14	14
Share Repurchases	10	12	22	-0	-0	1	1

$ Mil \| FY: 8/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	8/31/2025	5/31/2025	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022
Filing Date	10/23/2025	6/26/2025	4/3/2025	1/7/2025	10/24/2024	6/27/2024	4/4/2024	1/4/2024	10/19/2023	6/29/2023	4/4/2023	1/5/2023
Key Financials Quarterly
Total Revenue	154	169	187	166	155	139	152	161	167	165	166	176
Ebitda	19	31	39	28	21	26	29	27	31	31	32	30
Operating Income	11	24	32	21	14	20	22	21	23	27	27	25
Net Income	11	20	27	17	13	20	18	15	19	17	18	18
EPS	1.00	1.80	2.45	1.58	1.18	1.85	1.64	1.36	1.75	1.53	1.64	1.66
Key Financials TTM
Total Revenue TTM	676	678	648	612	607	619	645	659	674	697	747	781
Ebitda TTM	117	119	115	105	103	113	118	121	123	123	133	127
Operating Income TTM	88	90	86	76	77	86	93	99	102	107	115	106
Net Income TTM	74	76	77	68	66	73	69	69	72	71	79	76
Growth Rates Quarterly
Total Revenue Growth	-0.9%	21.7%	23.5%	3.1%	-7.3%	-15.4%	-8.9%	-8.4%	-12.1%	-23.2%	-16.9%	6.0%
EBITDA Growth	-10.1%	18.9%	34.8%	3.7%	-30.4%	-16.7%	-8.9%	-8.7%	2.7%	-24.4%	24.4%	91.7%
Operating Income Growth	-16.1%	19.3%	45.4%	-0.9%	-42.2%	-26.0%	-19.0%	-14.3%	-15.9%	-23.3%	48.7%	84.1%
Net Income Growth	-15.1%	-4.3%	46.6%	14.3%	-33.8%	20.7%	0.4%	-17.6%	7.3%	-32.7%	23.9%	130.6%
Margins Quarterly
EBITDA Margin	12.5%	18.4%	20.7%	17.0%	13.7%	18.8%	19.0%	16.8%	18.3%	19.1%	19.0%	16.9%
Operating Income Margin	7.4%	14.0%	17.2%	12.6%	8.7%	14.3%	14.6%	13.1%	14.0%	16.4%	16.4%	14.0%
Net Income Margin	7.0%	11.5%	14.2%	10.3%	8.2%	14.6%	12.0%	9.3%	11.5%	10.3%	10.9%	10.3%
Cash & Debt
Total Cash	251	211	187	194	191	153	151	176	166	144	106	111
Total Debt	137	135	136	134	134	135	136	137	136	137	137	138
Net Debt / (Cash)	-114	-75	-51	-60	-56	-18	-15	-39	-30	-8	31	27
Cash Flows Quarterly
FCF from Operations	64	35	12	22	53	31	-10	22	61	51	3	5
Cash Flows TTM
FCF from Operations TTM	133	122	118	95	96	103	124	137	120	87	47	32
Returns to Shareholders Quarterly
Dividends	4	4	4	4	4	4	4	4	4	4	4	4
Share Repurchases	9	1	-0	-0	5	18	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	248.7%	274.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	271.6%	288.4%

Price Behavior

Price Behavior

Market Price	$118.55
Market Cap ($ Bil)	1.3
First Trading Date	03/26/1990
Distance from 52W High	-19.6%
	50 Days	200 Days
DMA Price	$122.18	$131.26
DMA Trend	down	down
Distance from DMA	-3.0%	-9.7%
	3M	1YR
Volatility	26.5%	26.3%
Downside Capture	130.22	89.50
Upside Capture	30.04	70.09
Correlation (SPY)	29.9%	59.3%

LNN Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.77	0.62	0.68	0.90	0.79	0.85
Up Beta	0.83	0.16	0.48	1.13	0.86	0.85
Down Beta	-1.07	0.17	0.41	0.70	0.70	0.74
Up Capture	137%	5%	20%	40%	55%	42%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	12	17	28	57	114	377
Down Capture	82%	152%	136%	135%	95%	102%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	25	35	68	133	371

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of LNN With Other Asset Classes (Last 1Y)
	LNN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-8.9%	8.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	26.2%	18.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.39	0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		65.5%	59.4%	8.4%	18.4%	50.4%	23.9%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of LNN With Other Asset Classes (Last 5Y)
	LNN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	1.4%	13.1%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	32.7%	17.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.10	0.61	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		54.9%	45.8%	7.5%	17.7%	37.8%	21.3%

Based On 10-Year Data

		Comparison of LNN With Other Asset Classes (Last 10Y)
	LNN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	6.7%	12.8%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	33.6%	19.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.28	0.57	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		55.4%	49.7%	2.6%	21.4%	39.3%	14.2%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	344,300
Short Interest: % Change Since 10312025	18.8%
Average Daily Volume	124,529
Days-to-Cover Short Interest	2.76
Basic Shares Quantity	10,856,000
Short % of Basic Shares	3.2%

Returns Analyses

	Title
0	Is Lindsay Stock Built to Withstand a Pullback?

SEC Filings

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Report Date	Filing Date	Filing
8312025	10232025	10-K 8/31/2025
5312025	6262025	10-Q 5/31/2025
2282025	4032025	10-Q 2/28/2025
11302024	1072025	10-Q 11/30/2024
8312024	10242024	10-K 8/31/2024
5312024	6272024	10-Q 5/31/2024
2292024	4042024	10-Q 2/29/2024
11302023	1042024	10-Q 11/30/2023
8312023	10192023	10-K 8/31/2023
5312023	6292023	10-Q 5/31/2023
2282023	4042023	10-Q 2/28/2023
11302022	1052023	10-Q 11/30/2022
8312022	10202022	10-K 8/31/2022
5312022	6302022	10-Q 5/31/2022
2282022	4052022	10-Q 2/28/2022
11302021	1062022	10-Q 11/30/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Lindsay (LNN)

Market Price (12/4/2025): $118.33 | Market Cap: $1.3 BilSector: Industrials | Industry: Agricultural & Farm Machinery

Lindsay (LNN)

Market Price (12/4/2025): $118.33Market Cap: $1.3 BilSector: IndustrialsIndustry: Agricultural & Farm Machinery

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LNN Stock

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About Lindsay (LNN)

Irrigation Systems (Center Pivot and Lateral Move Irrigation Systems)

Road Infrastructure Products and Services

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Market Price (12/4/2025): $118.33 | Market Cap: $1.3 Bil
Sector: Industrials | Industry: Agricultural & Farm Machinery

Market Price (12/4/2025): $118.33
Market Cap: $1.3 Bil
Sector: Industrials
Industry: Agricultural & Farm Machinery