LCI Industries income statement
In fiscal 2025, LCI Industries reported revenue of $4.12bn, up 10.2% on the year before, operating income of $280m (a 6.8% margin) and net income of $188m, or $7.57 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 398 | 573 | 681 | 901 | 1,016 | 1,191 | 1,403 | 1,679 | 2,148 | 2,476 | 2,371 | 2,796 | 4,473 | 5,207 | 3,785 | 3,741 | 4,122 | 4,028 |
| Cost of revenue | — | — | — | — | — | — | — | 1,250 | 1,655 | 1,955 | 1,832 | 2,090 | 3,430 | 3,934 | 3,009 | 2,861 | 3,142 | 2,995 |
| Gross profit | 79 | 126 | 140 | 169 | 213 | 255 | 306 | 429 | 493 | 520 | 539 | 706 | 1,043 | 1,273 | 776 | 880 | 980 | 1,033 |
| Selling, general and administrative | 69 | 81 | 91 | 109 | 133 | 157 | 186 | 228 | 279 | 322 | 339 | 483 | 645 | 720 | 453 | 465 | 495 | 409 |
| Operating income | −36 | 45 | 49 | 58 | 78 | 95 | 116 | 201 | 214 | 199 | 200 | 223 | 398 | 553 | 123 | 218 | 280 | 302 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | — | 16 | 28 | 40 | 29 | 36 | — |
| Net interest income | −1 | −0 | −0 | −0 | −0 | −0 | −2 | −2 | −1 | −6 | −9 | −13 | −16 | −28 | — | — | — | — |
| Provision for credit losses | — | −0 | −0 | 0 | 0 | −0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | −36 | 45 | 48 | 58 | 78 | 95 | 114 | 199 | 213 | 192 | 191 | 209 | 382 | 525 | 83 | 189 | 255 | 285 |
| Income tax | −12 | 17 | 18 | 20 | 28 | 33 | 40 | 70 | 80 | 44 | 45 | 51 | 94 | 130 | 19 | 46 | 67 | 74 |
| Net income | −24 | 28 | 30 | 37 | 50 | 62 | 74 | 130 | 133 | 149 | 147 | 158 | 288 | 395 | 64 | 143 | 188 | 211 |
| Diluted EPS | −$1.10 | $1.26 | $1.34 | $1.64 | $2.11 | $2.56 | $3.02 | $5.20 | $5.24 | $5.83 | $5.84 | $6.27 | $11.32 | $15.48 | $2.52 | $5.60 | $7.57 | $8.61 |
| Diluted shares (average) | 22m | 22m | 22m | 23m | 24m | 24m | 25m | 25m | 25m | 25m | 25m | 25m | 25m | 26m | 25m | 26m | 25m | 25m |
| EBITDA | −17 | 63 | 69 | 84 | 106 | 128 | 158 | 247 | 269 | 266 | 276 | 321 | 511 | 682 | 255 | 344 | 401 | 424 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 915 | 803 | 1,046 | 1,107 | 1,036 | 933 | 1,091 | 969 |
| Cost of revenue | 696 | 634 | 794 | 837 | 784 | 727 | 817 | 668 |
| Gross profit | 220 | 169 | 252 | 270 | 253 | 206 | 274 | 301 |
| Selling, general and administrative | 166 | −43 | 121 | 128 | 177 | −35 | 123 | 144 |
| Operating income | 54 | 16 | 81 | 88 | 75 | 35 | 95 | 96 |
| Net interest income | −7 | — | −6 | −10 | −10 | — | −10 | −6 |
| Income before tax | 47 | 11 | 67 | 78 | 84 | 26 | 85 | 90 |
| Income tax | 12 | 1 | 18 | 20 | 22 | 7 | 22 | 23 |
| Net income | 36 | 10 | 49 | 58 | 62 | 19 | 63 | 67 |
| Diluted EPS | $1.39 | $0.37 | $1.94 | $2.29 | $2.55 | $0.79 | $2.53 | $2.75 |
| EBITDA | 85 | 46 | 111 | 118 | 106 | 66 | 125 | 127 |
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