undamentalytics Newsletter
Sign in

Acuity Inc. (de) (AYI) stock

Add to watchlist

Add holding +

NYSE: AYI NYSE Electrical Components & Equipment Next results ~January 7, 2027

B+ Fundamentals grade

Acuity Inc. (de) is a US-listed company in the electrical components & equipment industry. Its financial year ends in August.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$430

Cash-flow model

Base case. Range ~$320–$570 across our lower- and higher-growth cases (1.2%–11.2% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 23% below our base value.

Price used: $331.00, November 3, 2026

Acuity Inc. (de) valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 3 selling3 purchases and 20 sales by directors and officers, last 12 monthsInsider trades
  • Funds325 adding, 241 cuttingOf 65 active managers that changed their stake, 23 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Acuity Inc. (de) files

10-K filed October 23: Acuity

Model value +9.6%

Revenue for the twelve months to August 2026 was $4.64bn, up 6.8% on a year earlier, slower than the 10.5% growth a quarter earlier. Free-cash-flow margin rose to 16.1% from 12.3% a year earlier. Operating margin widened to 15.4% from 13.0%. Its fundamentals grade moves from C+ to B. Our model value rises from $392 to $429 a share, against a share price of $324. The rating stays Hold. At that price, our model says the market is pricing in about 1.0% a year of cash-flow growth for five years, slower than the 6.0% a year revenue growth it has delivered.

Source: 10-K filed October 23, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed June 25: Acuity

Revenue for the twelve months to May 2026 reached $4.64bn, up 6.8% on a year earlier. That marks a slowdown from the 10.5% posted a quarter earlier. Free-cash-flow margin improved to 16.1% from 12.3%, while operating margin widened to 15.4% from 13.0%. On the back of this, the fundamentals grade moves from C to C+. Our model value is little changed at $392 a share, set against a share price of $317. We keep the rating at Hold. At that price, the model implies the market is pricing in about 3.0% a year of cash-flow growth over five years. That sits below the 6.0% a year revenue growth the company has actually delivered.

10-Q on SEC EDGAR

Where Acuity stands after its latest 10-Q

Revenue for the twelve months to May 2026 was $4.61bn, up 10.5% on a year earlier, slower than 15.9% a quarter earlier. Free-cash-flow margin rose to 13.9% from 12.1% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 6 of our 7 financial-health checks. Our cash-flow model value is $391 a share, against a share price of $308. At that price, our model says the market is pricing in about 3.5% a year of cash-flow growth for five years, slower than the 5.9% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 7, 2027 (estimated)

Acuity Inc. (de)'s trailing-twelve-month revenue grew 6.8% year on year, with a free-cash-flow margin of 16.1%. Where it stands out: gross margin of 50.6% ranks 3 of 54 electrical components & equipment companies we cover.

Our discounted-cash-flow model values the business at ~$430 per share in the base case (~$320–$570 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Gross margin expanding: TTM gross margin reached 50.6%, up 2.8pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $329.65 is 30% below our value per share of $430.
  • Shrinking share count. Diluted shares fell 1.5% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Growth easing. The growth rate is 3.7 points lower than a quarter earlier.

Latest results: FY2026 Q4

Filed October 23, 2026
Earnings per share
$5.77 against an average estimate of $5.56: beat by 3.8%
Revenue
$1.24bn, up 2.9% on a year earlier
Share reaction
-0.3% in the first session after the results on October 1, 2026, against +0.9% for the S&P 500
Next report
October 1, 2026; average EPS estimate $5.09

Acuity Inc. (de)'s figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.4%
  • 1 week+2.4%
  • 1 month+7.3%
  • This year-8.2%
  • 1 year-9.2%
  • 5 years+59.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4.6B
Operating margin
15.4%
Net margin
11.4%
EPS (TTM, diluted)
$17.06

Growth

Revenue growth
+6.8%
Change in growth rate
−3.7 pts
Share count change
−1.5%

Cash

Free cash flow (TTM)
$748M
FCF margin
16.1%
Stock pay % of revenue
1.1%

Earnings

Last results
October 1, 2026
Next results (est.)
January 7, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Insider trade
  3. Insider trade
  4. Our research
  5. Results
  6. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Acuity Inc. (de) valuation models and calculator

What the price is pricing in

The share price implies about 1.3% a year of cash-flow growth for five years.That is close to the 6.0% a year revenue growth Acuity Inc. (de) has delivered.

  • Priced in1.3%
  • Last 12 months6.8%
  • 3 years a year5.5%
  • 5 years a year6.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($331.00, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$430
Price used
$331.00close November 3, 2026
Implied change
▲ +30%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Acuity Inc. (de)'s free cash flow after stock-based pay with after-tax interest added back ($643M, FY2026 Q4 TTM), growing 4.8% and 5.8% in the next two years (forecasts, guidance and its record), then back to 6.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$320–~$570 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Acuity Inc. (de)'s free cash flow after stock-based pay ( $643M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Acuity Inc. (de) as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.32 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$430 ~$320–$570 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$430 ~$350–$590 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$210 ~$150–$300 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$190 ~$160–$210 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$340 ~$190–$430 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Acuity Inc. (de) with Electrical Components & Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▲ +30%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $299$407$550$739$984$1302
8.5% $228$306$410$545$720$945
10% $185$246$325$429$562$733

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$266.21$171.50$148.79$122.58$107.36$182.00$162.14$160.01$253.33$325.47$331.57
Market value$11.7bn$7.4bn$6.1bn$4.9bn$4.3bn$6.7bn$5.6bn$5.1bn$8.0bn$10.3bn$10.3bn
+ Net debt (− = net cash)−$58m$46m$228m−$104m−$160m$3m$290m$98m−$350m$474m$61m
Enterprise value$11.6bn$7.5bn$6.3bn$4.8bn$4.1bn$6.7bn$5.9bn$5.2bn$7.6bn$10.8bn$10.4bn
Multiples
Price / sales 3.5x2.1x1.7x1.3x1.3x1.9x1.4x1.3x2.1x2.4x2.2x
Price / earnings 40.1x23.1x17.5x14.8x17.1x21.7x14.6x14.9x18.8x26.0x19.4x
Price / free cash flow 38.3x27.6x19.8x11.0x9.5x18.2x21.6x10.1x14.3x19.3x13.8x
EV / EBITDA 21.6x12.4x11.7x8.7x9.0x12.6x9.8x9.3x11.8x15.5x11.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

81 /100

Strong moat

How hard Acuity Inc. (de)'s competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 19 / 20

    Cash operating profit has been a median 14.1% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 42.4%, moving by 3.2 percentage points (standard deviation) across 10 years.

  • Durability 13 / 20

    Operating margin has been a median 12.7%; its worst year was 10.6%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 12.1% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 14.8% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $21.39 +8% $4.8bn +4%
Next $23.34 +9% $5.1bn +5%

Next year's EPS estimate has moved −2.1% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.4% on 90 days ago. In the last 30 days, 1 analyst raised Acuity Inc. (de)'s forecast and 5 cut it.

Consensus EPS forecast Acuity Inc. (de), last 90 days
$21.00 $22.00 $23.00 $24.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $21.69 Current fiscal year, 60 days ago: $21.69 Current fiscal year, 30 days ago: $21.69 Current fiscal year, 7 days ago: $21.31 Current fiscal year, Now: $21.39 $21.39 Next fiscal year, 90 days ago: $23.84 Next fiscal year, 60 days ago: $23.84 Next fiscal year, 30 days ago: $23.84 Next fiscal year, 7 days ago: $23.27 Next fiscal year, Now: $23.34 $23.34

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $21.69$23.84
60 days ago $21.69$23.84
30 days ago $21.69$23.84
7 days ago $21.31$23.27
Now $21.39$23.34

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 $5.56 $5.77 +3.8%
May 2026 $5.19 $5.31 +2.4%
Feb 2026 $4.00 $4.14 +3.5%
Nov 2025 $4.59 $4.69 +2.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 1, 2026

No numeric guidance in Acuity Inc. (de)'s latest earnings release (filed October 1, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Acuity Inc. (de)'s revenue by +4.8% next year and +5.8% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.0%, weight 65%) and the company's own record (+6.2%, weight 35%) . How the weights are set.

Analyst recommendations

7 analysts, Oct 2026
Buy343%
Hold457%
Sell00%

Monthly trend

  1. Oct 20262147
  2. Sep 20262248
  3. Aug 20261348
  4. Jul 20262338

Counts of recommendations published by analysts covering Acuity Inc. (de), by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.6%
of tradable shares
Days to cover
2.77
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.5%
of shares
Employees
13,900
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −9.5%

$364.10 on October 31, 2025 to $329.65

ThenNowEffect
Revenue (last 12 months) $4.3bn $4.6bn +6.8%
Net margin 9.1% 11.4% +25.4%
P/E multiple 29.0x 19.3x −33.5%
Share count 32m 31m +1.6%

Biggest factor: p/e multiple.

Last 3 years +94.7%

$169.33 on November 3, 2023 to $329.65

ThenNowEffect
Revenue (last 12 months) $4.0bn $4.6bn +17.4%
Net margin 8.8% 11.4% +30.7%
P/E multiple 15.7x 19.3x +22.8%
Share count 32m 31m +3.3%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AYI+75%−22%+24%+43%+24%−8%
Industry peers (median)−6%−34%−18%−8%+11%−36%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AYI67%42%58%75%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AYI−16%−32%−25%−18%−34%−32%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 74% from August 23, 2016 to March 23, 2020. Getting back needed a 288% gain, reached on April 5, 2024, 1474 days after the low.

Price behaviour

52-week range
$257.29 – $376.19
From 52-week high
−12.4%
vs 50-day average
+4.8%
vs 200-day average
+6.6%
Volatility (1 year)
38%
Beta vs S&P 500
1.40

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±6.9%
After a week
7 up, 5 down
typical move ±7.6%
After a month
8 up, 4 down
typical move ±7.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 1, 2026 −0.3% +0.9% −3.0% +2.8%
June 25, 2026 +18.6% −0.6% +17.5% +10.0%
April 2, 2026 −6.5% +0.6% −3.0% −0.4%
January 8, 2026 −12.0% +0.7% −13.2% −10.5%
October 1, 2025 +3.4% +0.5% +4.7% +4.5%
June 26, 2025 +5.5% +1.3% +6.2% +8.8%
April 3, 2025 −12.3% −10.5% −12.2% −5.1%
January 8, 2025 +0.5% −1.4% +8.8% +5.4%
October 1, 2024 +9.0% −0.9% +10.9% +9.7%
June 27, 2024 +0.7% −0.2% −0.3% +3.9%
April 3, 2024 +1.0% −1.1% +1.6% −4.3%
January 9, 2024 +12.4% +0.4% +9.6% +18.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Acuity Inc. (de)’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Acuity Inc. (de) in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Acuity Inc. (de)
$3.5B $4B $4.5B $5B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $3.9B Revenue (TTM), FY24 Q2: $3.9B Revenue (TTM), FY24 Q3: $3.8B Revenue (TTM), FY24 Q4: $3.8B Revenue (TTM), FY25 Q1: $3.9B Revenue (TTM), FY25 Q2: $4B Revenue (TTM), FY25 Q3: $4.2B Revenue (TTM), FY25 Q4: $4.3B Revenue (TTM), FY26 Q1: $4.5B Revenue (TTM), FY26 Q2: $4.6B Revenue (TTM), FY26 Q3: $4.6B Revenue (TTM), FY26 Q4: $4.6B $4.6B

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $3.9B
FY24 Q2 $3.9B
FY24 Q3 $3.8B
FY24 Q4 $3.8B
FY25 Q1 $3.9B
FY25 Q2 $4B
FY25 Q3 $4.2B
FY25 Q4 $4.3B
FY26 Q1 $4.5B
FY26 Q2 $4.6B
FY26 Q3 $4.6B
FY26 Q4 $4.6B
Revenue growth, TTM YoY Acuity Inc. (de)
-10% 0% 10% 20% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: -4.6% Revenue growth, TTM YoY, FY24 Q2: -6.3% Revenue growth, TTM YoY, FY24 Q3: -5.8% Revenue growth, TTM YoY, FY24 Q4: -2.8% Revenue growth, TTM YoY, FY25 Q1: -0.8% Revenue growth, TTM YoY, FY25 Q2: 2.8% Revenue growth, TTM YoY, FY25 Q3: 9.2% Revenue growth, TTM YoY, FY25 Q4: 13.1% Revenue growth, TTM YoY, FY26 Q1: 17.6% Revenue growth, TTM YoY, FY26 Q2: 15.9% Revenue growth, TTM YoY, FY26 Q3: 10.5% Revenue growth, TTM YoY, FY26 Q4: 6.8% 6.8%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 -4.6%
FY24 Q2 -6.3%
FY24 Q3 -5.8%
FY24 Q4 -2.8%
FY25 Q1 -0.8%
FY25 Q2 2.8%
FY25 Q3 9.2%
FY25 Q4 13.1%
FY26 Q1 17.6%
FY26 Q2 15.9%
FY26 Q3 10.5%
FY26 Q4 6.8%
Operating margin (TTM) Acuity Inc. (de)
12% 13% 14% 15% 16% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 12.8% Operating margin (TTM), FY24 Q2: 13.1% Operating margin (TTM), FY24 Q3: 13.2% Operating margin (TTM), FY24 Q4: 14.4% Operating margin (TTM), FY25 Q1: 14.4% Operating margin (TTM), FY25 Q2: 13.8% Operating margin (TTM), FY25 Q3: 13.0% Operating margin (TTM), FY25 Q4: 13.0% Operating margin (TTM), FY26 Q1: 13.0% Operating margin (TTM), FY26 Q2: 13.4% Operating margin (TTM), FY26 Q3: 14.5% Operating margin (TTM), FY26 Q4: 15.4% 15.4%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 12.8%
FY24 Q2 13.1%
FY24 Q3 13.2%
FY24 Q4 14.4%
FY25 Q1 14.4%
FY25 Q2 13.8%
FY25 Q3 13.0%
FY25 Q4 13.0%
FY26 Q1 13.0%
FY26 Q2 13.4%
FY26 Q3 14.5%
FY26 Q4 15.4%
FCF margin (TTM) Acuity Inc. (de)
10% 12% 14% 16% 18% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 13.3% FCF margin (TTM), FY24 Q2: 13.1% FCF margin (TTM), FY24 Q3: 12.9% FCF margin (TTM), FY24 Q4: 14.5% FCF margin (TTM), FY25 Q1: 12.8% FCF margin (TTM), FY25 Q2: 11.5% FCF margin (TTM), FY25 Q3: 12.1% FCF margin (TTM), FY25 Q4: 12.3% FCF margin (TTM), FY26 Q1: 11.8% FCF margin (TTM), FY26 Q2: 12.2% FCF margin (TTM), FY26 Q3: 13.9% FCF margin (TTM), FY26 Q4: 16.1% 16.1%

Source: SEC EDGAR filings. Retrieved October 24, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 13.3%
FY24 Q2 13.1%
FY24 Q3 12.9%
FY24 Q4 14.5%
FY25 Q1 12.8%
FY25 Q2 11.5%
FY25 Q3 12.1%
FY25 Q4 12.3%
FY26 Q1 11.8%
FY26 Q2 12.2%
FY26 Q3 13.9%
FY26 Q4 16.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Aug 2010 2011 Aug 2011 2012 Aug 2012 2013 Aug 2013 2014 Aug 2014 2015 Aug 2015 2016 Aug 2016 2017 Aug 2017 2018 Aug 2018 2019 Aug 2019 2020 Aug 2020 2021 Aug 2021 2022 Aug 2022 2023 Aug 2023 2024 Aug 2024 2025 Aug 2025 2026 Aug 2026
Income
Revenue 1,627 1,796 1,934 2,089 2,394 2,707 3,291 3,505 3,680 3,673 3,326 3,461 4,006 3,952 3,841 4,346 4,642
Gross profit 662 730 788 838 979 1,146 1,436 1,481 1,485 1,480 1,402 1,475 1,673 1,713 1,782 2,079 2,351
EBITDA 194 229 248 262 343 422 538 602 541 551 455 528 605 567 644 697 870
Operating income 158 189 208 222 299 376 475 528 461 463 354 428 510 473 553 564 714
Net income 80 106 116 127 176 222 291 322 350 330 248 306 384 346 423 397 531
Diluted EPS $1.80 $2.42 $2.72 $2.95 $4.05 $5.09 $6.63 $7.43 $8.52 $8.29 $6.27 $8.38 $11.08 $10.76 $13.44 $12.53 $17.05
Growth (year on year)
Revenue −1.8% +10.4% +7.7% +8.0% +14.6% +13.1% +21.6% +6.5% +5.0% −0.2% −9.4% +4.0% +15.7% −1.3% −2.8% +13.1% +6.8%
EBITDA +2.5% +17.8% +8.3% +5.9% +30.6% +23.2% +27.4% +12.0% −10.1% +1.9% −17.5% +16.0% +14.6% −6.3% +13.7% +8.2% +24.8%
Operating income +2.5% +19.7% +10.2% +6.5% +35.0% +25.8% +26.3% +11.0% −12.6% +0.5% −23.5% +20.8% +19.2% −7.1% +16.9% +1.9% +26.6%
Net income −6.2% +32.5% +10.2% +9.5% +38.0% +26.3% +30.9% +10.6% +8.7% −5.5% −24.8% +23.4% +25.4% −9.9% +22.1% −6.2% +34.0%
Diluted EPS −10.0% +34.4% +12.4% +8.5% +37.3% +25.7% +30.3% +12.1% +14.7% −2.7% −24.4% +33.7% +32.2% −2.9% +24.9% −6.8% +36.1%
Margins
Gross margin 40.7% 40.7% 40.8% 40.1% 40.9% 42.3% 43.6% 42.3% 40.4% 40.3% 42.2% 42.6% 41.8% 43.3% 46.4% 47.8% 50.6%
EBITDA margin 11.9% 12.7% 12.8% 12.6% 14.3% 15.6% 16.3% 17.2% 14.7% 15.0% 13.7% 15.2% 15.1% 14.3% 16.8% 16.0% 18.7%
Operating margin 9.7% 10.5% 10.8% 10.6% 12.5% 13.9% 14.4% 15.0% 12.5% 12.6% 10.6% 12.4% 12.7% 12.0% 14.4% 13.0% 15.4%
Net margin 4.9% 5.9% 6.0% 6.1% 7.3% 8.2% 8.8% 9.2% 9.5% 9.0% 7.5% 8.8% 9.6% 8.8% 11.0% 9.1% 11.4%
Free-cash-flow margin 8.5% 7.7% 7.3% 4.4% 8.3% 8.6% 9.2% 7.7% 8.4% 12.0% 13.5% 10.5% 6.5% 12.9% 14.5% 12.3% 16.1%
Cash flow
Cash from operations 161 161 172 132 233 289 388 337 352 495 505 409 316 578 619 601 826
Capital spending 22 23 31 41 35 57 84 67 44 53 55 44 57 67 64 68 78
Free cash flow 139 138 141 92 198 232 304 269 308 442 450 365 260 511 555 533 748
Stock-based pay 9 14 16 17 18 18 28 32 32 29 38 33 37 42 47 45 50
Free cash flow after stock pay 130 124 125 75 180 214 277 237 276 413 412 332 222 469 509 488 698
Balance sheet
Cash 191 170 285 359 553 757 413 311 129 461 561 491 223 398 846 423 636
Total debt 353 353 354 354 354 354 355 357 357 357 401 494 513 496 496 897 697
Net debt (negative = net cash) 162 183 69 −5 −199 −403 −58 46 228 −104 −160 3 290 98 −350 474 61
Diluted shares 43m 43m 42m 43m 43m 43m 44m 43m 41m 40m 40m 37m 35m 32m 31m 32m 31m
Returned to shareholders
Dividends 23 23 22 22 23 23 23 23 21 21 21 19 18 17 18 21 24
Buybacks 36 61 9 0 0 0 0 358 298 82 69 435 515 267 89 119 287
Total returned 59 84 31 22 23 23 23 381 320 102 90 454 533 283 107 139 311

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · August 31, 2026
What it owns · $4.9bn
Short-term assets $1.9bnLonger-term assets $3.0bn
What it owes, and who funded it · $4.9bn
Short-term liabilities $1.1bnLonger-term liabilities $802mShareholders' equity $3.0bn
  • Short-term assets cover short-term liabilities $1.9bn of assets due within a year against $1.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.9bn short-term assets against $802m of longer-dated liabilities.
  • More cash than debt $636m of cash against $697m of debt.
  • Debt below 40% of shareholders' equity Debt is 23% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 24% to 23% over five years.
  • A year's operating cash flow covers at least 20% of debt $826m of operating cash flow against $697m of debt.
  • Operating profit covers interest at least five times over Operating income of $714m against $36m of interest.

From Acuity Inc. (de)'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$287M
Dividends (TTM)
$23.8M
Returned to shareholders
42%
of free cash flow
Buybacks, last 3 fiscal years
$494M
Diluted share count
−1.5%
year over year
Total shareholder yield
3.1%
dividends 0.2% + buybacks 2.8% of market value
Dividend payout ratio
5%
of net income paid out
Sales & admin spending
34.8%
of revenue
Days sales outstanding
50 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electrical components & equipment
Last 12 months unless stated AYI NVT ST BE ENS RRX Median
Revenue, last 12 months $4.6bn $5.3bn $3.8bn $3.8bn $3.8bn $6.1bn $154m
Revenue growth, last 12 months 6.8% 48.0% 4.1% 110.6% 3.7% 3.5% 10.6%
Revenue growth, 3-year average 5.5% 30.4% −1.9% 38.6% 0.7% 2.9% 9.2%
Revenue growth, latest quarter 2.9% 43.7% 7.7% 138.1% 4.8% 4.2% 10.2%
Gross margin 50.6% 36.6% 30.8% 32.3% 30.5% 37.8% 29.3%
Operating margin 15.4% 17.8% 15.1% 14.8% 13.0% 11.7% −17.7%
Operating margin, 3-year average 14.3% 17.2% 5.9% 4.8% 11.8% 10.1% −32.6%
Net margin 11.4% 12.8% 9.5% 13.6% 9.3% 5.4% −23.4%
Cash from operations / revenue 17.8% 14.6% 19.7% 18.0% 20.5% 9.2% −6.5%
Free-cash-flow margin 16.1% 12.1% 16.7% 11.4% 18.9% 7.7% −11.0%
Free-cash-flow margin, 3-year average 14.3% 14.5% 12.4% −2.6% 10.2% 10.4% −6.8%
Stock pay / revenue 1.1% 0.7% 0.8% 9.1% 0.7% 0.5% 2.5%
Change in share count −1.5% −0.9% −0.6% 32.9% −5.7% 0.3% 10.0%

Median of all 57 companies we cover in electrical components & equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 electrical components & equipment companies
Measure Company Peer median Rank
Revenue growth Growth 6.8% 10.6% 35 of 57
Change in growth rate Growth -3.7pp +0.0pp 35 of 57
Gross margin Profitability 50.6% 29.3% 3 of 54
Operating margin Profitability 15.4% -20.0% 8 of 53
Net margin Profitability 11.4% -23.4% 13 of 57
Free-cash-flow margin Cash generation 16.1% -8.8% 8 of 56
Stock pay as % of revenue Cash generation 1.1% 2.8% 19 of 50
Long-term debt as % of assets Balance sheet 10.2% 17.8% 12 of 40
Change in share count Balance sheet -1.5% 10.0% 3 of 46
Days sales outstanding Balance sheet 50 days 72 days 16 of 50

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to August 31, 2026
Geography
Region Revenue Share YoY
Domestic Country $4.1B 87.3% ▲ 7.9%
Outside the US $588M 12.7% ▼ 0.2%

From Acuity Inc. (de)'s 10-K filed October 23, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$11.3B
Institutions reporting
632
Shares held vs prior quarter
▲ 4.2%
Positions opened / closed
104 / 53

Top buyers and sellers, Q2 2026: 325 institutions bought and 241 sold ; the biggest buyer was FMR LLC (+1.2M shares) and the biggest seller T. Rowe Price Investment Management, Inc (−586K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
FMR LLC $1.4B 3.6M 12.0% ▲ 53.0%
Blackrock, Inc. $1.1B 3.0M 9.9% ▼ 2.7%
Vanguard Portfolio Management LLC $541M 1.4M 4.8% ▲ 1.5%
Vanguard Capital Management LLC $516M 1.4M 4.6% ▼ 0.5%
AQR Capital Management LLC $471M 1.3M 4.2% ▲ 192.4%
State Street Corp $364M 966K 3.2% ▲ 2.1%
Fuller & Thaler Asset Management, Inc. $291M 772K 2.6% ▲ 40.5%
Geode Capital Management, LLC $289M 768K 2.6% ▲ 33.3%
Dimensional Fund Advisors LP $289M 767K 2.6% ▲ 20.7%
American Century Companies Inc $280M 743K 2.5% ▼ 0.7%
Jpmorgan Chase & Co $263M 713K 2.3% ▼ 7.5%
Wellington Management Group LLP $248M 658K 2.2% ▼ 13.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Acuity Inc. (de)'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $362,815 3 trades by 2 insiders, last 12 months Insider sales History → $14.1M 20 trades by 3 insiders · 88% under pre-set plans
Net ▼ $13.8M net selling
Insider Date Trade Shares Price Value
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 480 $327.30 $157,104
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 1,155 $326.29 $376,865
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 3,512 $325.30 $1.1M
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 1,320 $324.37 $428,168
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 240 $323.01 $77,522
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 720 $321.84 $231,725
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 400 $320.69 $128,276
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 120 $318.09 $38,171
Ashe Neil President & CEO October 29, 2026 Sell pre-set plan 240 $316.28 $75,907
Ashe Neil President & CEO October 28, 2026 Sell pre-set plan 280 $320.00 $89,600
Ashe Neil President & CEO October 28, 2026 Sell pre-set plan 1,948 $318.84 $621,100
Ashe Neil President & CEO October 28, 2026 Sell pre-set plan 7,295 $318.22 $2.3M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 14 trades and filings

No trades in Acuity Inc. (de) disclosed in the last 12 months; 14 earlier trades on record.

  • Greg Gianforte(MT):Sale (full), $100,001 - $250,000, traded April 29, 2020, filed May 7, 2020
  • Greg Gianforte(MT):Purchase, $50,001 - $100,000, traded April 17, 2019, filed April 26, 2019
  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded April 16, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 7, 2027 estimated from the company's past filing pattern, not announced

  • October 1, 2026
  • June 25, 2026
  • April 2, 2026
  • January 8, 2026
  • October 1, 2025
  • June 26, 2025

Recent SEC filings

Data status

When each part of this page on Acuity Inc. (de) was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Acuity Inc. (de) in brief

What does Acuity Inc. (de) do?
Acuity Inc. (de) is a US-listed company in the electrical components & equipment industry. Its financial year ends in August.
What is Acuity Inc. (de)'s stock ticker?
Acuity Inc. (de) trades under the ticker AYI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Acuity Inc. (de)'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Acuity Inc. (de) reported revenue of $4.6B, 6.8% higher than a year earlier, according to its SEC filings.
What is Acuity Inc. (de)'s free cash flow?
Acuity Inc. (de)'s free-cash-flow margin is 16.1% of revenue over the trailing twelve months, ranking 8 of the 56 electrical components & equipment companies we cover.
What is Acuity Inc. (de)'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Acuity Inc. (de)'s free cash flow after stock-based pay gives ~$430 per share in the base case, and ~$320–$570 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Acuity Inc. (de)'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are FMR LLC, Blackrock, Inc. and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Acuity Inc. (de) buying back stock, and does it pay a dividend?
Acuity Inc. (de) spent $287M on share repurchases over the trailing twelve months, and its diluted share count fell 1.5% over the year.
What is Acuity Inc. (de)'s market cap?
On August 31, 2026, Acuity Inc. (de)'s market capitalisation was about $10.3B, with a price-to-earnings ratio of 19.4 and net debt of $61.1M. Market figures come from third-party market data and may be delayed.
Does Acuity Inc. (de) pay a dividend?
Yes: Acuity Inc. (de) paid $23.8M in dividends over the trailing twelve months, a dividend yield of 0.23% and a payout ratio of 4.5%.
How much debt does Acuity Inc. (de) have?
Acuity Inc. (de)'s debt-to-equity ratio is 23.4%, from its latest balance sheet (23.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Acuity Inc. (de)'s competitors?
In our Electrical Components & Equipment peer group, the companies closest to Acuity Inc. (de) are nVent Electric plc, Sensata Technologies Holding plc, Bloom Energy, Enersys and Regal Rexnord Corp. The side-by-side comparison below sets their revenue, margins and growth against Acuity Inc. (de)'s.
Are insiders buying or selling Acuity Inc. (de) stock?
Over the last 12 months, Acuity Inc. (de)'s directors and officers reported 3 open-market purchases and 20 sales on Form 4. The insider trading page charts every trade.
When is Acuity Inc. (de)'s next earnings date?
Around January 7, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Acuity Inc. (de) announces its own schedule.