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LSI Industries (LYTS) Financials

LSI Industries logo
$20.11 +0.20 (+1.00%)
Closing price 09/3/2026 04:00 PM Eastern
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$20.11 0.00 (0.00%)
As of 07:00 AM Eastern
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Annual Income Statements for LSI Industries

Annual Income Statements for LSI Industries

This table shows LSI Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 9.48 3.00 -20 -16 9.59 5.87 15 26 25 24 23
Consolidated Net Income / (Loss)		 9.48 3.00 -20 -16 9.59 5.87 15 26 25 24 23
Net Income / (Loss) Continuing Operations		 9.48 3.00 -20 -16 9.59 5.87 15 26 25 24 23
Total Pre-Tax Income 		14 3.08 -23 -22 12 7.92 19 33 33 33 31
Total Operating Income		 14 3.61 -22 -20 13 8.03 21 37 36 36 38
Total Gross Profit		 84 82 89 74 74 79 109 137 133 142 173
Total Revenue		 322 331 342 329 306 316 455 497 470 573 689
Operating Revenue		 322 331 342 329 306 316 455 497 470 573 689
Total Cost of Revenue		 239 250 253 255 232 237 346 360 336 432 516
Operating Cost of Revenue		 239 250 253 255 232 237 346 360 336 432 516
Total Operating Expenses		 70 78 111 94 60 71 88 100 98 106 135
Selling, General & Admin Expense		 70 77 80 72 69 71 88 100 98 106 135
Total Other Income / (Expense), net		 0.05 -0.53 -1.68 -2.38 -1.38 -0.11 -1.82 -3.70 -2.42 -2.73 -6.93
Interest Expense		 0.04 0.62 1.72 2.28 0.87 0.29 1.97 3.69 2.16 3.13 5.93
Other Income / (Expense), net		 - - 0.00 -0.14 -0.51 0.15 0.15 -0.02 -0.26 0.40 -1.00
Income Tax Expense		 4.52 0.08 -3.79 -5.93 2.10 2.05 4.05 7.56 8.12 8.66 8.90
Basic Earnings per Share		 $0.38 $0.12 ($0.76) ($0.63) $0.37 $0.22 $0.55 $0.92 $0.86 $0.82 $0.69
Weighted Average Basic Shares Outstanding		 24.99M 25.44M 25.87M 26.11M 26.27M 26.69M 27.29M 28.13M 29.05M 29.90M 32.87M
Diluted Earnings per Share		 $0.37 $0.12 ($0.76) ($0.63) $0.36 $0.21 $0.54 $0.88 $0.83 $0.79 $0.67
Weighted Average Diluted Shares Outstanding		 25.59M 25.99M 25.87M 26.11M 26.47M 27.44M 27.99M 29.32M 30.07M 30.83M 33.71M
Weighted Average Basic & Diluted Shares Outstanding		 25M 25.51M 25.64M 26.05M 26.33M 26.60M 26.88M 28.55M 29.74M 30.51M 37.26M

Quarterly Income Statements for LSI Industries

This table shows LSI Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 5.91 5.38 5.67 6.68 5.65 3.88 8.17 7.26 6.35 2.09 6.88
Consolidated Net Income / (Loss)		 5.91 5.38 5.67 6.68 5.65 3.88 8.17 7.26 6.35 2.09 6.88
Net Income / (Loss) Continuing Operations		 5.91 5.38 5.67 6.68 5.65 3.88 8.17 7.26 6.35 2.09 6.88
Total Pre-Tax Income 		7.40 7.45 7.89 8.32 7.35 5.60 12 9.70 8.40 3.36 10
Total Operating Income		 7.82 7.66 9.01 9.13 8.46 6.24 12 11 8.87 4.08 14
Total Gross Profit		 32 31 34 34 35 33 40 40 37 38 57
Total Revenue		 109 108 129 138 148 132 155 157 147 151 235
Operating Revenue		 109 108 129 138 148 132 155 157 147 151 235
Total Cost of Revenue		 77 77 95 104 113 100 115 117 110 112 177
Operating Cost of Revenue		 77 77 95 104 113 100 115 117 110 112 177
Total Operating Expenses		 24 24 25 25 26 27 28 29 29 34 43
Selling, General & Admin Expense		 24 24 25 25 26 27 28 29 29 34 43
Total Other Income / (Expense), net		 -0.42 -0.21 -1.12 -0.81 -1.11 -0.64 -0.17 -1.28 -0.47 -0.72 -4.46
Interest Expense		 0.45 0.13 1.00 0.88 0.73 0.66 0.87 0.75 0.57 0.47 4.13
Other Income / (Expense), net		 0.03 -0.08 -0.12 0.06 -0.38 0.02 0.70 -0.53 0.10 -0.24 -0.33
Income Tax Expense		 1.49 2.08 2.22 1.64 1.70 1.71 3.61 2.43 2.05 1.27 3.15
Basic Earnings per Share		 $0.20 $0.18 $0.20 $0.23 $0.19 $0.13 $0.27 $0.24 $0.20 $0.06 $0.19
Weighted Average Basic Shares Outstanding		 29.02M 29.16M 29.05M 29.59M 29.93M 30.00M 29.90M 30.45M 31.16M 33.02M 32.87M
Diluted Earnings per Share		 $0.20 $0.18 $0.18 $0.22 $0.18 $0.13 $0.26 $0.23 $0.20 $0.06 $0.18
Weighted Average Diluted Shares Outstanding		 30.04M 30.12M 30.07M 30.53M 30.88M 30.97M 30.83M 31.38M 32.00M 33.86M 33.71M
Weighted Average Basic & Diluted Shares Outstanding		 29.07M 29.13M 29.74M 29.84M 29.92M 30.00M 30.51M 31.09M 31.13M 36.71M 37.26M

Annual Cash Flow Statements for LSI Industries

This table details how cash moves in and out of LSI Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 7.43 -31 0.14 -2.21 2.55 -1.24 0.18 -0.63 2.28 -0.65 11
Net Cash From Operating Activities		 18 21 12 11 30 28 -3.86 50 43 38 44
Net Cash From Continuing Operating Activities		 18 21 12 11 30 28 -3.86 50 43 38 44
Net Income / (Loss) Continuing Operations		 9.48 3.00 -20 -16 9.59 5.87 15 26 25 24 23
Consolidated Net Income / (Loss)		 9.48 3.00 -20 -16 9.59 5.87 15 26 25 24 23
Depreciation Expense		 6.68 8.26 10 10 8.65 8.11 10 9.66 10.00 13 17
Non-Cash Adjustments To Reconcile Net Income		 4.93 5.50 34 27 -5.20 4.22 6.01 6.74 3.56 5.80 3.76
Changes in Operating Assets and Liabilities, net		 -2.97 4.49 -13 -8.94 17 9.81 -35 7.42 4.85 -4.64 0.91
Net Cash From Investing Activities		 -10 -99 -1.87 -2.59 17 -93 -1.57 -3.20 -55 -28 -337
Net Cash From Continuing Investing Activities		 -10 -99 -1.87 -2.59 17 -93 -1.57 -3.20 -55 -28 -337
Purchase of Property, Plant & Equipment		 -10 -6.63 -3.41 -2.62 -2.74 -2.23 -2.12 -3.21 -5.39 -3.47 -5.14
Acquisitions		 0.00 -95 - - 0.00 - - 0.00 -50 -25 -332
Sale of Property, Plant & Equipment		 0.07 3.10 1.54 0.03 20 0.00 0.05 0.01 0.04 0.05 0.15
Net Cash From Financing Activities		 -0.56 47 -9.49 -11 -44 64 5.63 -47 14 -11 304
Net Cash From Continuing Financing Activities		 -0.45 47 -9.49 -11 -44 64 5.63 -47 14 -11 303
Repayment of Debt		 0.00 -41 -99 -126 -205 -19 -162 -198 -140 -200 -1,276
Payment of Dividends		 4.21 -5.05 -5.15 -5.18 -5.28 -5.29 -5.32 -5.44 -5.74 -5.97 -6.46
Issuance of Debt		 0.00 91 95 121 165 87 173 154 159 194 1,483
Issuance of Common Equity		 0.36 - - - - - - - 0.00 0.00 98
Other Financing Activities, net		 4.12 2.95 0.11 -0.11 0.42 0.69 -0.49 2.69 1.02 0.21 4.36
Other Net Changes in Cash		 - - - - -0.18 0.14 -0.02 0.13 -0.17 0.63 -0.33

Quarterly Cash Flow Statements for LSI Industries

This table details how cash moves in and out of LSI Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -0.87 4.52 -3.07 2.86 -2.26 -0.41 -0.84 3.69 -0.74 3.93 3.92
Net Cash From Operating Activities		 9.28 12 11 12 9.89 6.88 9.50 0.68 25 6.93 12
Net Cash From Continuing Operating Activities		 9.28 12 11 12 9.89 6.88 9.50 0.48 25 6.93 11
Net Income / (Loss) Continuing Operations		 5.91 5.38 5.67 6.68 5.65 3.88 8.17 7.26 6.35 2.09 6.88
Consolidated Net Income / (Loss)		 5.91 5.38 5.67 6.68 5.65 3.88 8.17 7.26 6.35 2.09 6.88
Depreciation Expense		 2.36 2.42 2.86 2.94 3.02 3.06 3.56 3.20 3.23 3.39 6.75
Non-Cash Adjustments To Reconcile Net Income		 0.38 -1.27 1.29 3.28 -0.49 -0.36 3.26 1.51 0.10 4.27 -2.13
Changes in Operating Assets and Liabilities, net		 0.64 5.76 1.42 -1.16 1.72 0.30 -5.49 -11 16 -2.82 -0.27
Net Cash From Investing Activities		 -1.93 -1.27 -51 -0.82 -1.02 -23 -2.65 -0.71 -1.68 -332 -1.75
Net Cash From Continuing Investing Activities		 -1.93 -1.27 -51 -0.82 -1.02 -23 -2.65 -0.71 -1.68 -332 -1.75
Purchase of Property, Plant & Equipment		 -1.96 -1.28 -0.76 -0.76 -1.07 -0.69 -0.95 -0.97 -1.68 -0.71 -1.78
Sale of Property, Plant & Equipment		 - 0.01 0.00 - - 0.00 - - - 0.12 0.03
Net Cash From Financing Activities		 -8.29 -6.67 37 -8.06 -11 16 -8.22 3.91 -24 330 -5.75
Net Cash From Continuing Financing Activities		 -8.29 -6.67 37 -8.06 -11 16 -8.22 3.91 -24 330 -5.93
Repayment of Debt		 -47 -5.77 -38 -47 -49 -49 -54 -53 -55 -1,115 -53
Payment of Dividends		 -1.45 -1.45 -1.46 -1.48 -1.49 -1.50 -1.50 -1.53 -1.56 -1.55 -1.83
Issuance of Debt		 40 0.60 75 41 40 66 47 55 32 1,348 48
Other Financing Activities, net		 0.31 -0.05 0.29 -0.04 -0.09 0.25 0.09 3.32 0.01 0.05 0.98
Other Net Changes in Cash		 0.07 0.03 -0.21 - -0.05 0.26 0.52 - - -0.24 -0.14

Annual Balance Sheets for LSI Industries

This table presents LSI Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Total Assets		 196 257 230 201 172 287 311 296 349 396 830
Total Current Assets		 128 107 110 111 86 125 159 150 162 194 296
Cash & Equivalents		 34 3.04 3.18 0.97 3.52 2.28 2.46 1.83 4.11 3.46 14
Note & Lease Receivable		 47 49 51 55 38 58 78 78 79 104 151
Inventories, net		 44 50 51 44 39 59 74 64 71 80 112
Prepaid Expenses		 2.79 2.96 3.52 3.38 2.98 4.83 3.24 3.53 5.65 6.54 12
Current Deferred & Refundable Income Taxes		 0.00 0.78 1.78 0.88 2.78 1.28 1.04 3.12 3.20 0.00 6.33
Plant, Property, & Equipment, net		 47 47 44 32 27 31 27 25 33 31 57
Plant, Property & Equipment, gross		 130 125 121 105 95 97 98 99 107 107 137
Accumulated Depreciation		 82 77 77 73 68 67 71 74 74 76 80
Total Noncurrent Assets		 20 102 76 58 60 131 125 121 153 171 477
Goodwill		 11 59 31 10 10 44 45 45 57 65 172
Intangible Assets		 5.59 38 35 33 30 73 68 63 74 78 249
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - - 4.92 7.30 0.00
Other Noncurrent Operating Assets		 4.26 5.49 9.79 15 20 15 12 13 17 21 56
Total Liabilities & Shareholders' Equity		 196 257 230 201 172 287 311 296 349 396 830
Total Liabilities		 40 97 90 81 47 156 163 119 144 162 464
Total Current Liabilities		 39 45 42 40 35 71 77 77 79 97 150
Short-Term Debt		 - - - - - 0.00 3.57 3.57 3.57 3.57 10
Accounts Payable		 14 19 18 19 14 33 35 29 32 49 72
Accrued Expenses		 25 26 24 21 20 38 39 44 43 45 68
Total Noncurrent Liabilities		 0.81 51 48 41 12 85 86 42 65 65 314
Long-Term Debt		 0.00 50 45 40 0.00 68 76 32 51 45 246
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - - 0.00 3.21 27
Other Noncurrent Operating Liabilities		 0.81 1.48 2.71 1.75 12 17 10 10 15 17 41
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.35 4.93
Total Equity & Noncontrolling Interests		 156 160 139 120 126 131 148 178 204 231 361
Total Preferred & Common Equity		 156 155 139 120 126 131 148 178 204 231 361
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 156 155 139 120 126 131 148 178 204 231 361
Common Stock		 114 120 124 126 128 133 140 149 156 164 278
Retained Earnings		 42 40 15 -5.81 -1.92 -1.41 8.22 29 48 66 82
Accumulated Other Comprehensive Income / (Loss)		 - - 0.00 0.02 -0.09 0.05 0.05 0.34 0.20 0.83 0.50
Other Equity Adjustments		 - -5.11 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Quarterly Balance Sheets for LSI Industries

This table presents LSI Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 296 291 302 288 288 350 345 385 405 396 801
Total Current Assets		 149 146 154 141 143 167 163 186 208 187 279
Cash & Equivalents		 2.77 1.35 3.53 2.66 7.18 6.97 4.71 4.30 7.14 6.41 10
Note & Lease Receivable		 67 69 82 72 69 81 81 98 115 91 136
Inventories, net		 73 68 63 60 60 71 69 74 79 82 117
Prepaid Expenses		 4.38 4.62 3.96 4.39 4.60 5.52 5.32 5.81 6.67 7.21 14
Current Deferred & Refundable Income Taxes		 1.33 2.91 1.35 2.03 2.65 2.40 2.68 2.89 0.21 1.00 2.58
Plant, Property, & Equipment, net		 26 25 26 26 26 32 32 31 30 30 58
Plant, Property & Equipment, gross		 99 99 99 100 100 107 108 110 108 110 138
Accumulated Depreciation		 73 74 73 74 74 75 77 78 78 79 80
Total Noncurrent Assets		 121 120 122 120 118 150 150 168 167 179 464
Goodwill		 45 45 45 45 45 57 57 63 64 64 208
Intangible Assets		 66 64 62 61 60 73 71 80 77 75 200
Noncurrent Deferred & Refundable Income Taxes		 - - - - - - - - - 5.56 0.00
Other Noncurrent Operating Assets		 11 11 15 14 14 20 21 25 26 34 55
Total Liabilities & Shareholders' Equity		 296 291 302 288 288 350 345 385 405 396 801
Total Liabilities		 135 123 115 95 90 138 127 163 160 145 444
Total Current Liabilities		 64 66 78 66 66 80 79 89 95 87 188
Short-Term Debt		 3.57 3.57 3.57 3.57 3.57 3.57 3.57 3.57 3.57 0.00 58
Accounts Payable		 27 25 34 23 26 34 32 44 47 43 69
Accrued Expenses		 33 38 41 39 37 43 43 42 44 44 61
Total Noncurrent Liabilities		 71 57 37 29 23 58 49 74 65 58 256
Long-Term Debt		 59 46 25 18 13 44 35 52 47 28 203
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - - - 3.20 8.85
Other Noncurrent Operating Liabilities		 12 11 12 11 10 14 14 22 18 27 44
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 3.29 3.34 3.29
Total Equity & Noncontrolling Interests		 161 168 187 193 198 211 217 222 241 248 353
Total Preferred & Common Equity		 161 168 187 193 198 211 217 222 241 248 353
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 161 168 187 193 198 211 217 222 241 248 353
Common Stock		 143 146 151 153 154 158 160 162 169 170 275
Retained Earnings		 18 22 35 40 44 53 57 60 72 77 77
Accumulated Other Comprehensive Income / (Loss)		 0.12 0.24 0.28 0.35 0.39 0.09 0.05 0.31 0.63 0.88 0.64
Other Equity Adjustments		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Annual Metrics And Ratios for LSI Industries

This table displays calculated financial ratios and metrics derived from LSI Industries' official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
DEI Shares Outstanding		 24,918,082.00 25,399,626.00 25,875,184.00 25,937,670.00 26,192,949.00 26,498,775.00 - - - 30,004,460.00 36,712,404.00
DEI Adjusted Shares Outstanding		 24,918,082.00 25,399,626.00 25,875,184.00 25,937,670.00 26,192,949.00 26,498,775.00 - - - 30,004,460.00 36,712,404.00
DEI Earnings Per Adjusted Shares Outstanding		 0.38 0.12 -0.76 -0.63 0.37 0.22 - - - 0.81 0.62
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.66% 2.85% 3.21% -3.85% -7.08% 3.29% 44.20% 9.20% -5.50% 22.09% 20.23%
EBITDA Growth		 48.82% -42.47% -196.29% 14.20% 316.35% -23.18% 93.07% 48.34% -3.05% 7.71% 10.72%
EBIT Growth		 85.26% -74.14% -699.94% 7.50% 162.73% -34.86% 160.86% 73.37% -4.75% 2.59% 3.41%
NOPAT Growth		 82.99% -62.80% -531.16% 8.14% 177.04% -44.51% 180.53% 71.41% -6.37% -1.50% 4.36%
Net Income Growth		 84.08% -68.36% -751.37% 16.39% 158.71% -38.82% 156.17% 71.38% -3.05% -2.38% -7.40%
EPS Growth		 76.19% -67.57% -733.33% 17.11% 157.14% -41.67% 157.14% 62.96% -5.68% -4.82% -15.19%
Operating Cash Flow Growth		 -13.40% 17.24% -45.88% -0.08% 158.57% -5.73% -113.79% 1,383.67% -12.50% -12.15% 15.82%
Free Cash Flow Firm Growth		 -75.26% -1,992.90% 112.45% -11.33% 422.96% -246.49% 83.84% 482.25% -139.28% 110.15% -17,815.83%
Invested Capital Growth		 4.41% 69.90% -12.24% -12.63% -22.92% 61.29% 14.13% -6.20% 20.63% 9.71% 117.53%
Revenue Q/Q Growth		 1.50% 0.78% 0.00% -0.57% -5.58% 11.89% 7.17% -0.77% 1.16% 4.76% 13.05%
EBITDA Q/Q Growth		 1.38% -6.19% -29.71% 13.74% 9.21% -4.76% 26.88% 6.47% -2.08% 10.05% 9.56%
EBIT Q/Q Growth		 0.79% -30.48% -13.81% 7.87% 21.24% -10.53% 42.36% 8.67% -3.95% 11.57% 4.23%
NOPAT Q/Q Growth		 -0.81% -7.77% -13.81% 8.50% -0.93% -16.49% 50.00% 12.84% -8.55% 7.11% 6.92%
Net Income Q/Q Growth		 -2.22% -19.61% -20.77% 17.75% 7.28% -18.31% 49.51% 14.38% -9.91% 11.44% -5.42%
EPS Q/Q Growth		 -5.13% -14.29% -20.63% 17.11% 5.88% -16.00% 50.00% 11.39% -10.75% 11.27% -10.67%
Operating Cash Flow Q/Q Growth		 26.04% 34.23% -28.99% 14.96% 33.82% -24.81% 58.43% 19.91% -12.05% -4.02% 4.89%
Free Cash Flow Firm Q/Q Growth		 85.50% 4.84% -13.91% 20.27% 13.70% 22.22% -189.56% 19.41% -144.40% 104.19% 2.49%
Invested Capital Q/Q Growth		 0.84% -1.63% -1.96% -2.37% -7.30% -13.40% -0.60% -2.32% 22.57% 2.35% 0.08%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 25.97% 24.71% 26.09% 22.42% 24.06% 25.02% 24.00% 27.56% 28.36% 24.73% 25.15%
EBITDA Margin		 6.40% 3.58% -3.34% -2.98% 6.94% 5.16% 6.91% 9.39% 9.64% 8.50% 7.83%
Operating Margin		 4.33% 1.09% -6.33% -6.05% 4.28% 2.54% 4.66% 7.45% 7.56% 6.24% 5.57%
EBIT Margin		 4.33% 1.09% -6.33% -6.09% 4.11% 2.59% 4.69% 7.45% 7.51% 6.31% 5.43%
Profit (Net Income) Margin		 2.94% 0.91% -5.71% -4.97% 3.14% 1.86% 3.30% 5.18% 5.32% 4.25% 3.28%
Tax Burden Percent		 67.71% 97.40% 83.75% 73.37% 82.03% 74.13% 78.76% 77.30% 75.46% 73.80% 71.74%
Interest Burden Percent		 100.34% 85.34% 107.76% 111.18% 93.07% 96.73% 89.40% 90.04% 93.88% 91.35% 84.15%
Effective Tax Rate		 32.29% 2.60% 0.00% 0.00% 17.97% 25.87% 21.24% 22.70% 24.54% 26.20% 28.26%
Return on Invested Capital (ROIC)		 7.93% 2.14% -7.81% -8.19% 7.64% 3.73% 7.91% 13.13% 11.52% 9.89% 6.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.83% -5.90% -17.68% -14.17% 1.17% 3.46% 5.58% 7.96% 7.15% 5.80% 2.85%
Return on Net Nonoperating Assets (RNNOA)		 -1.58% -0.24% -5.25% -4.42% 0.17% 0.84% 2.86% 2.70% 1.56% 1.32% 1.42%
Return on Equity (ROE)		 6.35% 1.90% -13.06% -12.61% 7.81% 4.57% 10.78% 15.84% 13.08% 11.21% 7.64%
Cash Return on Invested Capital (CROIC)		 3.62% -49.65% 5.23% 5.29% 33.53% -43.18% -5.28% 19.54% -7.19% 0.64% -67.81%
Operating Return on Assets (OROA)		 7.42% 1.60% -8.91% -9.30% 6.73% 3.57% 7.14% 12.19% 10.93% 9.71% 6.10%
Return on Assets (ROA)		 5.04% 1.33% -8.04% -7.59% 5.14% 2.56% 5.03% 8.49% 7.75% 6.54% 3.68%
Return on Common Equity (ROCE)		 6.35% 1.87% -12.82% -12.61% 7.81% 4.57% 10.78% 15.84% 13.08% 11.21% 7.64%
Return on Equity Simple (ROE_SIMPLE)		 6.10% 1.94% -14.03% -13.62% 7.63% 4.47% 10.17% 14.51% 12.22% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 9.45 3.52 -15 -14 11 5.95 17 29 27 26 28
NOPAT Margin		 2.93% 1.06% -4.43% -4.23% 3.51% 1.89% 3.67% 5.76% 5.71% 4.60% 4.00%
Net Nonoperating Expense Percent (NNEP)		 0.11% 8.04% 9.87% 5.98% 6.47% 0.27% 2.33% 5.18% 4.37% 4.09% 3.37%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 9.45% 4.47%
Cost of Revenue to Revenue		 74.03% 75.29% 73.91% 77.58% 75.94% 74.98% 76.00% 72.44% 71.64% 75.27% 74.85%
SG&A Expenses to Revenue		 21.64% 23.32% 23.32% 22.04% 22.51% 22.47% 19.33% 20.10% 20.79% 18.48% 19.58%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 21.64% 23.62% 32.42% 28.46% 19.78% 22.48% 19.34% 20.10% 20.79% 18.49% 19.58%
Earnings before Interest and Taxes (EBIT)		 14 3.61 -22 -20 13 8.18 21 37 35 36 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 21 12 -11 -9.81 21 16 31 47 45 49 54
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.41 1.21 0.83 0.70 1.23 1.52 1.07 1.97 2.06 2.21 2.70
Price to Tangible Book Value (P/TBV)		 1.57 3.22 1.58 1.09 1.82 13.63 4.55 5.05 5.75 5.79 0.00
Price to Revenue (P/Rev)		 0.68 0.56 0.34 0.25 0.51 0.63 0.35 0.70 0.89 0.89 1.41
Price to Earnings (P/E)		 23.14 62.31 0.00 0.00 16.17 33.94 10.33 13.59 16.82 20.89 43.11
Dividend Yield		 1.93% 2.72% 4.46% 6.21% 3.38% 2.66% 3.37% 2.03% 1.39% 1.18% 0.75%
Earnings Yield		 4.32% 1.60% 0.00% 0.00% 6.19% 2.95% 9.68% 7.36% 5.94% 4.79% 2.32%
Enterprise Value to Invested Capital (EV/IC)		 1.52 1.13 0.87 0.77 1.24 1.34 1.05 1.82 1.85 1.99 2.00
Enterprise Value to Revenue (EV/Rev)		 0.58 0.70 0.46 0.37 0.50 0.84 0.52 0.77 1.00 0.97 1.76
Enterprise Value to EBITDA (EV/EBITDA)		 8.99 19.68 0.00 0.00 7.14 16.26 7.48 8.22 10.39 11.37 22.51
Enterprise Value to EBIT (EV/EBIT)		 13.30 64.72 0.00 0.00 12.06 32.38 11.03 10.36 13.34 15.33 32.49
Enterprise Value to NOPAT (EV/NOPAT)		 19.64 66.45 0.00 0.00 14.13 44.53 14.10 13.40 17.55 21.00 44.10
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.24 10.99 13.75 10.63 5.10 9.46 0.00 7.73 10.84 14.54 27.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 43.08 0.00 15.58 13.57 3.22 0.00 0.00 9.01 0.00 326.76 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.31 0.33 0.33 0.00 0.52 0.54 0.20 0.27 0.21 0.71
Long-Term Debt to Equity		 0.00 0.31 0.33 0.33 0.00 0.52 0.51 0.18 0.25 0.20 0.68
Financial Leverage		 -0.20 0.04 0.30 0.31 0.14 0.24 0.51 0.34 0.22 0.23 0.50
Leverage Ratio		 1.26 1.43 1.62 1.66 1.52 1.79 2.14 1.87 1.69 1.71 2.07
Compound Leverage Factor		 1.26 1.22 1.75 1.85 1.41 1.73 1.92 1.68 1.59 1.56 1.74
Debt to Total Capital		 0.00% 23.69% 24.57% 24.79% 0.00% 34.20% 35.01% 16.54% 20.97% 17.39% 41.51%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.57% 1.68% 1.38% 1.28% 1.62%
Long-Term Debt to Total Capital		 0.00% 23.69% 24.57% 24.79% 0.00% 34.20% 33.44% 14.86% 19.59% 16.11% 39.88%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 73.78% 75.43% 75.21% 100.00% 65.80% 64.99% 83.46% 79.03% 82.61% 58.49%
Debt to EBITDA		 0.00 4.19 -3.97 -4.03 0.00 4.18 2.53 0.75 1.20 1.00 4.74
Net Debt to EBITDA		 0.00 3.93 -3.69 -3.93 0.00 4.04 2.45 0.72 1.11 0.93 4.48
Long-Term Debt to EBITDA		 0.00 4.19 -3.97 -4.03 0.00 4.18 2.42 0.68 1.12 0.92 4.56
Debt to NOPAT		 0.00 14.14 -2.99 -2.84 0.00 11.45 4.77 1.23 2.02 1.84 9.29
Net Debt to NOPAT		 0.00 13.27 -2.78 -2.77 0.00 11.07 4.62 1.17 1.87 1.71 8.77
Long-Term Debt to NOPAT		 0.00 14.14 -2.99 -2.84 0.00 11.45 4.55 1.11 1.89 1.70 8.93
Altman Z-Score		 6.01 3.00 2.40 2.31 4.35 2.18 2.62 4.29 3.90 4.16 2.59
Noncontrolling Interest Sharing Ratio		 0.00% 1.68% 1.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.26 2.36 2.61 2.78 2.48 1.76 2.06 1.96 2.05 1.99 1.97
Quick Ratio		 2.06 1.14 1.27 1.40 1.19 0.85 1.04 1.04 1.04 1.11 1.10
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 4.31 -82 10 9.00 47 -69 -11 43 -17 1.70 -301
Operating Cash Flow to CapEx		 178.69% 600.62% 615.63% 444.35% 0.00% 1,254.32% -186.35% 1,548.17% 810.61% 1,116.19% 883.67%
Free Cash Flow to Firm to Interest Expense		 119.65 -131.51 5.90 3.95 53.90 -240.18 -5.66 11.55 -7.76 0.54 -50.70
Operating Cash Flow to Interest Expense		 503.47 34.27 6.69 5.04 34.03 97.59 -1.96 13.45 20.13 12.18 7.45
Operating Cash Flow Less CapEx to Interest Expense		 221.72 28.57 5.60 3.91 53.98 89.81 -3.02 12.58 17.64 11.09 6.60
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.71 1.47 1.41 1.53 1.64 1.38 1.52 1.64 1.46 1.54 1.12
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 5.47 5.30 5.01 5.40 5.64 4.84 5.19 5.21 5.00 5.73 5.37
Fixed Asset Turnover		 7.11 6.99 7.51 8.69 10.44 11.06 15.77 18.90 16.09 17.89 15.69
Accounts Payable Turnover		 16.67 15.01 13.56 13.95 14.11 10.03 10.21 11.25 10.96 10.69 8.56
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 66.74 68.86 72.92 67.60 64.70 75.34 70.36 70.02 73.02 63.74 67.94
Days Payable Outstanding (DPO)		 21.89 24.32 26.92 26.17 25.86 36.40 35.75 32.44 33.30 34.13 42.62
Cash Conversion Cycle (CCC)		 44.84 44.54 46.00 41.43 38.84 38.95 34.61 37.59 39.72 29.60 25.32
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 122 207 181 159 122 197 225 211 254 279 607
Invested Capital Turnover		 2.70 2.02 1.76 1.93 2.18 1.98 2.16 2.28 2.02 2.15 1.56
Increase / (Decrease) in Invested Capital		 5.14 85 -25 -23 -36 75 28 -14 44 25 328
Enterprise Value (EV)		 186 234 158 122 152 265 235 383 470 554 1,215
Market Capitalization		 219 187 116 84 155 199 158 350 420 509 973
Book Value per Share		 $6.24 $6.09 $5.38 $4.62 $4.80 $4.95 $5.54 $6.26 $7.02 $7.69 $9.82
Tangible Book Value per Share		 $5.60 $2.29 $2.83 $2.97 $3.26 $0.55 $1.30 $2.44 $2.51 $2.93 ($1.65)
Total Capital		 156 210 185 159 126 199 227 213 259 279 617
Total Debt		 0.00 50 45 40 0.00 68 80 35 54 49 256
Total Long-Term Debt		 0.00 50 45 40 0.00 68 76 32 51 45 246
Net Debt		 -34 47 42 39 -3.52 66 77 33 50 45 242
Capital Expenditures (CapEx)		 10 3.54 1.87 2.59 -17 2.23 2.07 3.20 5.35 3.42 5.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 55 59 65 70 48 52 83 75 83 97 142
Debt-free Net Working Capital (DFNWC)		 89 62 68 71 51 54 85 77 87 100 156
Net Working Capital (NWC)		 89 62 68 71 51 54 82 73 83 97 146
Net Nonoperating Expense (NNE)		 -0.03 0.52 4.38 2.42 1.13 0.08 1.67 2.86 1.82 2.02 4.97
Net Nonoperating Obligations (NNO)		 -34 47 42 39 -3.52 66 77 33 50 48 247
Total Depreciation and Amortization (D&A)		 6.68 8.26 10 10 8.65 8.11 10 9.66 10.00 13 17
Debt-free, Cash-free Net Working Capital to Revenue		 16.97% 17.70% 18.92% 21.33% 15.61% 16.42% 18.22% 15.10% 17.62% 16.91% 20.56%
Debt-free Net Working Capital to Revenue		 27.47% 18.62% 19.85% 21.62% 16.76% 17.15% 18.77% 15.47% 18.50% 17.51% 22.62%
Net Working Capital to Revenue		 27.47% 18.62% 19.85% 21.62% 16.76% 17.15% 17.98% 14.75% 17.74% 16.89% 21.17%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.38 $0.12 ($0.76) ($0.63) $0.37 $0.22 $0.55 $0.92 $0.86 $0.82 $0.69
Adjusted Weighted Average Basic Shares Outstanding		 24.99M 25.44M 25.87M 26.11M 26.27M 26.69M 27.29M 28.13M 29.05M 29.90M 32.87M
Adjusted Diluted Earnings per Share		 $0.37 $0.12 ($0.76) ($0.63) $0.36 $0.21 $0.54 $0.88 $0.83 $0.79 $0.67
Adjusted Weighted Average Diluted Shares Outstanding		 25.59M 25.99M 25.87M 26.11M 26.47M 27.44M 27.99M 29.32M 30.07M 30.83M 33.71M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.98M 25.51M 25.64M 26.05M 26.33M 26.60M 26.88M 28.55M 29.74M 30.51M 37.26M
Normalized Net Operating Profit after Tax (NOPAT)		 9.45 4.49 4.44 0.45 3.70 5.95 17 29 27 26 28
Normalized NOPAT Margin		 2.93% 1.35% 1.30% 0.14% 1.21% 1.89% 3.67% 5.76% 5.71% 4.60% 4.00%
Pre Tax Income Margin		 4.35% 0.93% -6.82% -6.77% 3.83% 2.51% 4.19% 6.71% 7.05% 5.76% 4.57%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 387.67 5.82 -12.60 -8.79 14.39 28.52 10.85 10.04 16.35 11.56 6.31
NOPAT to Interest Expense		 262.49 5.67 -8.82 -6.11 12.29 20.74 8.49 7.76 12.43 8.44 4.65
EBIT Less CapEx to Interest Expense		 105.92 0.11 -13.68 -9.93 34.33 20.74 9.79 9.17 13.87 10.47 5.47
NOPAT Less CapEx to Interest Expense		 -19.26 -0.04 -9.90 -7.25 32.23 12.96 7.43 6.89 9.95 7.35 3.80
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -44.44% 168.27% -26.38% -31.73% 55.00% 90.12% 35.40% 21.11% 22.97% 24.48% 28.62%
Augmented Payout Ratio		 -44.44% 184.73% -26.92% -31.73% 55.00% 90.12% 35.40% 21.11% 22.97% 24.48% 28.62%

Quarterly Metrics And Ratios for LSI Industries

This table displays calculated financial ratios and metrics derived from LSI Industries' official financial filings.

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 29,921,385.00 30,004,460.00 30,512,222.00 31,092,786.00 31,133,195.00 36,712,404.00
DEI Adjusted Shares Outstanding		 - - - - - 29,921,385.00 30,004,460.00 30,512,222.00 31,092,786.00 31,133,195.00 36,712,404.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.13 0.27 0.24 0.20 0.07 0.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -15.37% -7.90% 4.34% 11.87% 35.53% 22.46% 20.20% 13.87% -0.50% 13.62% 51.30%
EBITDA Growth		 -11.35% -2.52% -7.35% -8.80% 8.72% -6.81% 37.89% 12.45% 9.91% -22.47% 29.08%
EBIT Growth		 -13.69% -2.79% -13.76% -15.92% 2.92% -17.51% 42.19% 13.60% 11.03% -38.76% 12.02%
NOPAT Growth		 -15.64% 6.01% -28.25% -14.11% 4.09% -21.71% 27.99% 12.06% 3.13% -41.33% 19.91%
Net Income Growth		 -7.96% 15.12% -32.64% -16.77% -4.39% -27.76% 44.16% 8.71% 12.41% -46.15% -15.85%
EPS Growth		 -9.09% 12.50% -35.71% -18.52% -10.00% -27.78% 44.44% 4.55% 11.11% -53.85% -30.77%
Operating Cash Flow Growth		 -2.14% -0.46% -34.89% 11.84% 6.63% -44.63% -14.38% -94.29% 152.58% 0.70% 21.69%
Free Cash Flow Firm Growth		 49.21% -10.48% -261.24% 83.81% -304.11% -538.36% 55.70% 14.78% 51.45% -444.89% -1,838.36%
Invested Capital Growth		 -4.33% -3.87% 20.63% 19.00% 18.32% 31.38% 9.71% 14.39% 8.93% 122.45% 117.53%
Revenue Q/Q Growth		 -11.69% -0.75% 19.24% 7.05% 6.98% -10.32% 17.05% 1.41% -6.52% 2.40% 55.87%
EBITDA Q/Q Growth		 -23.29% -2.01% 17.46% 3.29% -8.55% -16.01% 73.80% -15.77% -10.61% -40.75% 189.34%
EBIT Q/Q Growth		 -28.21% -3.35% 17.21% 3.40% -12.13% -22.53% 102.03% -17.40% -14.12% -57.27% 269.52%
NOPAT Q/Q Growth		 -26.88% -11.51% 17.18% 13.30% -11.40% -33.44% 91.56% -0.81% -18.46% -62.14% 291.53%
Net Income Q/Q Growth		 -26.43% -8.99% 5.45% 17.89% -15.49% -31.24% 110.43% -11.10% -12.61% -67.06% 228.84%
EPS Q/Q Growth		 -25.93% -10.00% 0.00% 22.22% -18.18% -27.78% 100.00% -11.54% -13.04% -70.00% 200.00%
Operating Cash Flow Q/Q Growth		 -12.42% 33.99% -10.73% 6.77% -16.50% -30.42% 38.03% -92.88% 3,595.71% -72.26% 66.80%
Free Cash Flow Firm Q/Q Growth		 107.79% -12.29% -366.99% 11.24% 1.80% -88.36% 73.02% -70.74% 44.06% -2,014.23% 4.01%
Invested Capital Q/Q Growth		 0.05% -1.97% 22.57% -1.01% -0.52% 8.85% 2.35% 3.21% -5.27% 122.28% 0.08%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 28.93% 28.85% 26.23% 24.37% 23.60% 24.79% 26.07% 25.61% 25.47% 25.40% 24.47%
EBITDA Margin		 9.36% 9.24% 9.11% 8.79% 7.51% 7.03% 10.44% 8.68% 8.30% 4.80% 8.91%
Operating Margin		 7.17% 7.08% 6.98% 6.61% 5.73% 4.71% 7.70% 6.98% 6.03% 2.71% 6.18%
EBIT Margin		 7.20% 7.01% 6.89% 6.66% 5.47% 4.72% 8.15% 6.64% 6.10% 2.55% 6.04%
Profit (Net Income) Margin		 5.42% 4.97% 4.39% 4.84% 3.82% 2.93% 5.27% 4.62% 4.32% 1.39% 2.93%
Tax Burden Percent		 79.86% 72.14% 71.87% 80.34% 76.84% 69.39% 69.39% 74.93% 75.62% 62.27% 68.58%
Interest Burden Percent		 94.23% 98.23% 88.72% 90.48% 90.99% 89.44% 93.16% 92.85% 93.61% 87.63% 70.81%
Effective Tax Rate		 20.14% 27.86% 28.13% 19.66% 23.16% 30.61% 30.61% 25.07% 24.38% 37.73% 31.42%
Return on Invested Capital (ROIC)		 12.53% 11.20% 10.13% 11.10% 9.95% 7.44% 11.48% 11.47% 10.31% 2.34% 6.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 11.67% 10.67% 8.20% 9.11% 6.69% 5.97% 11.25% 9.29% 9.09% 2.05% 4.51%
Return on Net Nonoperating Assets (RNNOA)		 2.60% 1.67% 1.79% 1.51% 0.85% 0.86% 2.55% 1.80% 1.14% 1.09% 2.25%
Return on Equity (ROE)		 15.12% 12.87% 11.92% 12.61% 10.81% 8.30% 14.03% 13.27% 11.45% 3.42% 8.84%
Cash Return on Invested Capital (CROIC)		 17.84% 17.78% -7.19% -6.31% -5.61% -16.87% 0.64% -3.32% 1.96% -70.09% -67.81%
Operating Return on Assets (OROA)		 11.68% 11.24% 10.04% 9.90% 9.05% 7.69% 12.55% 10.43% 9.75% 2.62% 6.79%
Return on Assets (ROA)		 8.79% 7.97% 6.40% 7.20% 6.33% 4.77% 8.11% 7.26% 6.90% 1.43% 3.30%
Return on Common Equity (ROCE)		 15.12% 12.87% 11.92% 12.61% 10.81% 8.30% 14.03% 13.27% 11.45% 3.42% 8.84%
Return on Equity Simple (ROE_SIMPLE)		 14.00% 13.97% 0.00% 11.19% 10.76% 9.87% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 6.24 5.53 6.48 7.34 6.50 4.33 8.29 8.22 6.70 2.54 9.94
NOPAT Margin		 5.73% 5.11% 5.02% 5.31% 4.40% 3.27% 5.34% 5.23% 4.56% 1.69% 4.24%
Net Nonoperating Expense Percent (NNEP)		 0.86% 0.53% 1.93% 1.99% 3.26% 1.47% 0.24% 2.19% 1.22% 0.29% 2.08%
Return On Investment Capital (ROIC_SIMPLE)		 2.91% - - - 2.55% 1.56% 2.97% 2.82% 2.43% 0.41% 1.61%
Cost of Revenue to Revenue		 71.07% 71.15% 73.80% 75.63% 76.40% 75.21% 73.93% 74.39% 74.54% 74.60% 75.53%
SG&A Expenses to Revenue		 21.76% 21.76% 19.23% 17.75% 17.87% 20.08% 18.32% 18.64% 19.43% 22.70% 18.30%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 21.76% 21.77% 19.22% 17.75% 17.87% 20.08% 18.37% 18.64% 19.43% 22.70% 18.30%
Earnings before Interest and Taxes (EBIT)		 7.85 7.59 8.89 9.19 8.08 6.26 13 10 8.97 3.83 14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10 10 12 12 11 9.32 16 14 12 7.23 21
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.08 2.21 2.06 2.27 2.66 2.29 2.21 2.99 2.29 1.64 2.70
Price to Tangible Book Value (P/TBV)		 4.61 4.67 5.75 5.91 6.53 6.43 5.79 7.15 5.22 0.00 0.00
Price to Revenue (P/Rev)		 0.85 0.94 0.89 0.99 1.11 0.93 0.89 1.22 0.96 0.95 1.41
Price to Earnings (P/E)		 14.85 15.80 16.82 20.33 24.73 23.18 20.89 28.86 22.14 24.20 43.11
Dividend Yield		 1.44% 1.33% 1.39% 1.24% 1.03% 1.18% 1.18% 0.85% 1.09% 1.08% 0.75%
Earnings Yield		 6.74% 6.33% 5.94% 4.92% 4.04% 4.32% 4.79% 3.47% 4.52% 4.13% 2.32%
Enterprise Value to Invested Capital (EV/IC)		 1.98 2.15 1.85 2.07 2.44 2.05 1.99 2.65 2.16 1.37 2.00
Enterprise Value to Revenue (EV/Rev)		 0.89 0.96 1.00 1.08 1.17 1.02 0.97 1.29 1.00 1.36 1.76
Enterprise Value to EBITDA (EV/EBITDA)		 9.04 9.68 10.39 11.82 13.60 12.60 11.37 15.20 11.49 16.82 22.51
Enterprise Value to EBIT (EV/EBIT)		 11.38 12.19 13.34 15.55 18.12 17.22 15.33 20.42 15.40 23.09 32.49
Enterprise Value to NOPAT (EV/NOPAT)		 14.45 15.26 17.55 20.37 23.68 22.65 21.00 28.00 21.44 32.16 44.10
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.50 9.07 10.84 11.67 13.51 14.05 14.54 28.35 14.03 19.69 27.52
Enterprise Value to Free Cash Flow (EV/FCFF)		 10.87 11.88 0.00 0.00 0.00 0.00 326.76 0.00 114.91 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.11 0.08 0.27 0.23 0.18 0.25 0.21 0.21 0.11 0.74 0.71
Long-Term Debt to Equity		 0.09 0.06 0.25 0.21 0.16 0.23 0.20 0.20 0.11 0.58 0.68
Financial Leverage		 0.22 0.16 0.22 0.17 0.13 0.14 0.23 0.19 0.13 0.53 0.50
Leverage Ratio		 1.65 1.58 1.69 1.64 1.54 1.60 1.71 1.67 1.59 2.06 2.07
Compound Leverage Factor		 1.55 1.55 1.50 1.48 1.40 1.43 1.60 1.55 1.49 1.81 1.47
Debt to Total Capital		 10.04% 7.61% 20.97% 18.42% 14.96% 19.98% 17.39% 17.35% 10.12% 42.52% 41.51%
Short-Term Debt to Total Capital		 1.67% 1.66% 1.38% 1.38% 1.40% 1.29% 1.28% 1.22% 0.00% 9.45% 1.62%
Long-Term Debt to Total Capital		 8.37% 5.95% 19.59% 17.04% 13.56% 18.69% 16.11% 16.13% 10.12% 33.07% 39.88%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 89.96% 92.39% 79.03% 81.58% 85.04% 80.02% 82.61% 82.65% 89.88% 57.48% 58.49%
Debt to EBITDA		 0.46 0.35 1.20 1.08 0.85 1.25 1.00 1.01 0.54 5.30 4.74
Net Debt to EBITDA		 0.41 0.20 1.11 0.92 0.74 1.15 0.93 0.87 0.42 5.09 4.48
Long-Term Debt to EBITDA		 0.39 0.28 1.12 1.00 0.77 1.17 0.92 0.94 0.54 4.12 4.56
Debt to NOPAT		 0.74 0.56 2.02 1.86 1.48 2.25 1.84 1.86 1.02 10.13 9.29
Net Debt to NOPAT		 0.65 0.31 1.87 1.59 1.30 2.07 1.71 1.60 0.78 9.73 8.77
Long-Term Debt to NOPAT		 0.62 0.44 1.89 1.72 1.34 2.10 1.70 1.73 1.02 7.88 8.93
Altman Z-Score		 4.79 5.17 3.65 4.07 4.85 3.86 3.96 4.83 4.50 1.83 2.49
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.16 2.17 2.05 2.08 2.08 2.08 1.99 2.19 2.15 1.48 1.97
Quick Ratio		 1.14 1.15 1.04 1.10 1.09 1.15 1.11 1.28 1.11 0.78 1.10
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 16 14 -37 -33 -32 -61 -16 -28 -16 -331 -318
Operating Cash Flow to CapEx		 474.23% 977.89% 1,461.79% 1,560.74% 927.86% 1,003.21% 999.89% 69.91% 1,483.55% 1,172.59% 659.01%
Free Cash Flow to Firm to Interest Expense		 34.93 103.56 -36.94 -37.58 -44.36 -92.03 -18.98 -37.52 -27.36 -699.28 -76.96
Operating Cash Flow to Interest Expense		 20.48 92.75 11.06 13.54 13.59 10.41 10.98 0.91 43.60 14.62 2.80
Operating Cash Flow Less CapEx to Interest Expense		 16.16 83.27 10.31 12.67 12.12 9.37 9.88 -0.39 40.66 13.37 2.37
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.62 1.60 1.46 1.49 1.65 1.63 1.54 1.57 1.60 1.03 1.12
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 5.06 5.14 5.00 5.27 6.01 6.12 5.73 5.91 5.82 4.75 5.37
Fixed Asset Turnover		 18.21 18.08 16.09 16.77 18.11 19.08 17.89 18.90 19.12 13.70 15.69
Accounts Payable Turnover		 13.38 12.94 10.96 10.51 14.05 11.80 10.69 10.94 11.65 8.06 8.56
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 72.14 70.99 73.02 69.25 60.72 59.69 63.74 61.71 62.70 76.89 67.94
Days Payable Outstanding (DPO)		 27.28 28.21 33.30 34.74 25.99 30.94 34.13 33.35 31.32 45.30 42.62
Cash Conversion Cycle (CCC)		 44.86 42.78 39.72 34.51 34.73 28.75 29.60 28.36 31.38 31.59 25.32
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 212 208 254 252 251 273 279 288 273 607 607
Invested Capital Turnover		 2.19 2.19 2.02 2.09 2.26 2.28 2.15 2.19 2.26 1.39 1.56
Increase / (Decrease) in Invested Capital		 -9.58 -8.35 44 40 39 65 25 36 22 334 328
Enterprise Value (EV)		 420 447 470 521 612 558 554 764 590 829 1,215
Market Capitalization		 401 438 420 480 578 507 509 720 568 578 973
Book Value per Share		 $6.67 $6.83 $7.02 $7.10 $7.28 $7.41 $7.69 $7.91 $7.98 $11.33 $9.82
Tangible Book Value per Share		 $3.01 $3.23 $2.51 $2.73 $2.97 $2.64 $2.93 $3.30 $3.50 ($1.79) ($1.65)
Total Capital		 214 215 259 259 255 277 279 292 276 614 617
Total Debt		 22 16 54 48 38 55 49 51 28 261 256
Total Long-Term Debt		 18 13 51 44 35 52 45 47 28 203 246
Net Debt		 19 9.18 50 41 33 51 45 44 22 251 242
Capital Expenditures (CapEx)		 1.96 1.27 0.76 0.76 1.07 0.69 0.95 0.97 1.68 0.59 1.75
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 77 74 83 83 84 96 97 109 94 139 142
Debt-free Net Working Capital (DFNWC)		 79 81 87 90 88 100 100 116 100 149 156
Net Working Capital (NWC)		 76 77 83 87 85 96 97 113 100 91 146
Net Nonoperating Expense (NNE)		 0.34 0.15 0.81 0.65 0.85 0.44 0.12 0.96 0.36 0.45 3.06
Net Nonoperating Obligations (NNO)		 19 9.18 50 41 33 51 48 47 25 254 247
Total Depreciation and Amortization (D&A)		 2.36 2.42 2.86 2.94 3.02 3.06 3.56 3.20 3.23 3.39 6.75
Debt-free, Cash-free Net Working Capital to Revenue		 16.21% 15.86% 17.62% 17.23% 16.01% 17.47% 16.91% 18.43% 15.83% 22.72% 20.56%
Debt-free Net Working Capital to Revenue		 16.77% 17.40% 18.50% 18.67% 16.91% 18.25% 17.51% 19.63% 16.91% 24.42% 22.62%
Net Working Capital to Revenue		 16.01% 16.63% 17.74% 17.93% 16.22% 17.60% 16.89% 19.03% 16.91% 14.90% 21.17%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.20 $0.18 $0.20 $0.23 $0.19 $0.13 $0.27 $0.24 $0.20 $0.06 $0.19
Adjusted Weighted Average Basic Shares Outstanding		 29.02M 29.16M 29.05M 29.59M 29.93M 30.00M 29.90M 30.45M 31.16M 33.02M 32.87M
Adjusted Diluted Earnings per Share		 $0.20 $0.18 $0.18 $0.22 $0.18 $0.13 $0.26 $0.23 $0.20 $0.06 $0.18
Adjusted Weighted Average Diluted Shares Outstanding		 30.04M 30.12M 30.07M 30.53M 30.88M 30.97M 30.83M 31.38M 32.00M 33.86M 33.71M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 29.07M 29.13M 29.74M 29.84M 29.92M 30.00M 30.51M 31.09M 31.13M 36.71M 37.26M
Normalized Net Operating Profit after Tax (NOPAT)		 6.24 5.53 6.48 7.34 6.50 4.33 8.29 8.22 6.70 2.54 9.94
Normalized NOPAT Margin		 5.73% 5.11% 5.02% 5.31% 4.40% 3.27% 5.34% 5.23% 4.56% 1.69% 4.24%
Pre Tax Income Margin		 6.78% 6.89% 6.11% 6.02% 4.97% 4.22% 7.59% 6.17% 5.71% 2.23% 4.27%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 17.32 56.60 8.86 10.51 11.09 9.47 14.61 13.98 15.65 8.08 3.43
NOPAT to Interest Expense		 13.79 41.24 6.46 8.38 8.93 6.55 9.58 11.01 11.70 5.35 2.40
EBIT Less CapEx to Interest Expense		 13.01 47.12 8.11 9.64 9.63 8.43 13.52 12.68 12.71 6.84 3.00
NOPAT Less CapEx to Interest Expense		 9.47 31.75 5.70 7.52 7.46 5.51 8.48 9.71 8.76 4.11 1.98
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 20.62% 20.39% 22.97% 24.70% 25.18% 27.08% 24.48% 24.09% 23.68% 25.68% 28.62%
Augmented Payout Ratio		 20.62% 20.39% 22.97% 24.70% 25.18% 27.08% 24.48% 24.09% 23.68% 25.68% 28.62%

Financials Breakdown Chart

Key Financial Trends

LSI Industries (NASDAQ: LYTS) shows a meaningful expansion in revenue and assets, but the latest growth has been accompanied by substantially higher leverage. The company’s quarterly revenue increased from approximately $110.1 million in Q3 2022 to $234.6 million in Q4 2026. The latest quarter also marked a strong sequential recovery, with revenue up from $150.5 million in Q3 2026 and net income rising from $2.1 million to $6.9 million.

Profitability has improved from the levels seen in 2022, although quarterly results remain uneven. Q4 2026 gross profit was $57.4 million, representing a 24.5% gross margin, while operating income was $14.5 million, or 6.2% of revenue. This was better than Q3 2026, but below Q4 2025’s approximately 26.1% gross margin and 7.7% operating margin. Interest expense also rose sharply in Q4 2026 to $4.1 million, reducing the benefit of stronger operating results.

Cash generation remains positive, with $11.6 million of operating cash flow in Q4 2026. However, the balance sheet changed substantially during the year, primarily reflecting the large acquisition and related financing activity recorded in Q3. Investors should distinguish between organic operating improvement and growth produced through acquisition.

  • Revenue scale has expanded substantially: Q4 2026 revenue of $234.6 million was about 89% above Q4 2024 revenue of $129.0 million, although acquisition-related growth likely contributed to the increase.
  • Q4 earnings rebounded sequentially: Net income increased to $6.9 million from $2.1 million in Q3 2026, and diluted EPS improved to $0.18 from $0.06.
  • Operating cash flow remains positive: LYTS generated $11.6 million of operating cash flow in Q4 2026, more than offsetting its $1.8 million of capital expenditures.
  • Shareholders’ equity has grown: Total equity increased to $352.8 million in Q3 2026 from $211.2 million in Q1 2024, supported by retained earnings and acquisition-related balance-sheet expansion.
  • Capital spending appears controlled: Quarterly property, plant and equipment purchases generally remained below $2 million in the supplied periods, limiting the company’s recurring capital requirements.
  • Quarterly results are volatile: Revenue and earnings have generally trended higher over the supplied period, but Q1–Q4 2026 net income ranged from $2.1 million to $7.3 million, indicating meaningful seasonality or integration effects.
  • Working-capital trends require monitoring: At Q3 2026, inventories were $116.6 million and notes and lease receivables were $135.8 million, making liquidity management important as the enlarged business is integrated.
  • Debt increased materially: Q3 2026 short- and long-term debt totaled approximately $261.0 million, compared with about $29.0 million at Q2 2026 and $51.4 million at Q1 2026.
  • Liquidity weakened after the acquisition: Q3 2026 current assets of $279.2 million compared with current liabilities of $188.3 million produced a current ratio of roughly 1.5, down from more than 2.1 in the prior two quarters.
  • Intangible-asset and goodwill exposure is high: Goodwill and intangible assets totaled approximately $408.7 million at Q3 2026, or more than half of total assets. Any acquisition underperformance or impairment could negatively affect reported earnings and equity.
09/04/26 06:15 AM ETAI Generated. May Contain Errors.

LSI Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, LSI Industries' fiscal year ends in June. Their fiscal year 2026 ended on June 30, 2026.

LSI Industries' net income appears to be on an upward trend, with a most recent value of $22.58 million in 2026, rising from $9.48 million in 2016. The previous period was $24.38 million in 2025. View LSI Industries' forecast to see where analysts expect LSI Industries to go next.

LSI Industries' total operating income in 2026 was $38.40 million, based on the following breakdown:
  • Total Gross Profit: $173.37 million
  • Total Operating Expenses: $134.96 million

Over the last 10 years, LSI Industries' total revenue changed from $322.20 million in 2016 to $689.40 million in 2026, a change of 114.0%.

LSI Industries' total liabilities were at $464.26 million at the end of 2026, a 186.1% increase from 2025, and a 1,059.5% increase since 2016.

In the past 10 years, LSI Industries' cash and equivalents has ranged from $966 thousand in 2019 to $33.84 million in 2016, and is currently $14.25 million as of their latest financial filing in 2026.

Over the last 10 years, LSI Industries' book value per share changed from 6.24 in 2016 to 9.82 in 2026, a change of 57.4%.


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Financial statements for NASDAQ:LYTS last updated on 9/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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