Lindsay Corp key statistics and ratios
In fiscal 2026, Lindsay Corp had return on equity of 10.7% and a net margin of 8.8%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2010Aug 2010 | 2011Aug 2011 | 2012Aug 2012 | 2013Aug 2013 | 2014Aug 2014 | 2015Aug 2015 | 2016Aug 2016 | 2017Aug 2017 | 2018Aug 2018 | 2019Aug 2019 | 2020Aug 2020 | 2021Aug 2021 | 2022Aug 2022 | 2023Aug 2023 | 2024Aug 2024 | 2025Aug 2025 | 2026Aug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net margin | 6.9% | 7.7% | 7.9% | 10.2% | 8.3% | 4.7% | 3.9% | 4.5% | 3.7% | 0.5% | 8.1% | 7.5% | 8.5% | 10.7% | 10.9% | 10.9% | 8.8% |
| Return on equity | 10.8% | 14.6% | 14.8% | 20.4% | 13.5% | 7.8% | 7.5% | 8.9% | 7.4% | 0.8% | 13.6% | 13.4% | 17.9% | 17.1% | 14.1% | 14.6% | 10.7% |
| Return on assets | 7.6% | 10.4% | 10.9% | 15.2% | 9.9% | 5.0% | 4.0% | 4.7% | 4.0% | 0.4% | 7.2% | 7.0% | 9.7% | 9.9% | 8.8% | 9.3% | 6.7% |
| Effective tax rate | 32.4% | 34.9% | 33.5% | 34.2% | 34.5% | 43.7% | 30.8% | 35.1% | 40.1% | −3.1% | 20.9% | 15.5% | 25.5% | 27.9% | 16.2% | 21.7% | 26.1% |
| R&D as % of revenue | 2.2% | 2.2% | 1.7% | 1.6% | 1.8% | 2.3% | 3.1% | 3.3% | 2.9% | 3.1% | 2.9% | 2.4% | 2.0% | 2.7% | 2.8% | 2.7% | 2.7% |
| Dividends ÷ net income | 16.3% | 11.8% | 11.3% | 8.7% | 22.8% | 48.5% | 60.4% | 53.9% | 64.1% | 615.8% | 35.3% | 33.3% | 22.3% | 20.8% | 23.3% | 21.3% | 27.7% |
Financial health
- Short-term assets cover short-term liabilities $472m of assets due within a year against $150m of liabilities due within a year.
- Short-term assets cover long-term liabilities $472m short-term assets against $160m of longer-dated liabilities.
- More cash than debt $190m of cash against $115m 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 32% to 23% over five years.
- A year's operating cash flow covers at least 20% of debt $75m of operating cash flow against $115m of debt.
- Operating profit covers interest at least five times over No material interest expense reported.
Moat
Moderate moat
How hard Lindsay'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 10 / 20
Net income has been a median 6.8% of total assets over 10 years.
- Pricing power 10 / 20
Gross margin has been a median 28.4%, moving by 2.4 percentage points (standard deviation) across 10 years.
- Durability 4 / 20
Operating margin has been a median 11.0%; its worst year was 1.4%.
- Cash conversion 11 / 20
Free cash flow was positive in 8 of 10 years, at a median 5.3% of revenue.
- Discipline 18 / 20
The diluted share count fell 5.0% 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.
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