What is Lindsay's operating income?

Lindsay's total operating income in 2026 was $66.93 million, based on the following breakdown: Total Gross Profit: $183.78 million Total Operating Expenses: $116.86 million

Lindsay (LNN) Financials

$107.67 +1.29 (+1.21%)

Closing price 10/30/2026 03:59 PM Eastern

Extended Trading

$107.59 -0.08 (-0.07%)

As of 10/30/2026 07:30 PM Eastern

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Annual Income Statements for Lindsay

This table shows Lindsay's 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	8/31/2016	8/31/2017	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025	8/31/2026
Total Costs & Expenses	-	-	-	-	-	-	-	-	114	123	117
Net Income / (Loss) Attributable to Common Shareholders	20	23	20	2.17	39	43	65	72	66	74	56
Consolidated Net Income / (Loss)	20	23	20	2.17	39	43	65	72	66	74	56
Net Income / (Loss) Continuing Operations	20	23	20	2.17	39	43	65	72	66	74	56
Total Pre-Tax Income	29	36	34	2.11	49	50	88	100	79	95	75
Total Operating Income	34	41	39	6.12	54	54	95	102	77	88	67
Total Gross Profit	149	145	151	115	153	150	199	213	191	211	184
Total Revenue	516	518	548	444	475	568	771	674	607	676	636
Operating Revenue	516	518	548	444	475	568	771	674	607	676	636
Total Cost of Revenue	368	373	396	329	322	417	572	461	416	466	452
Operating Cost of Revenue	368	373	396	329	322	417	572	461	416	466	452
Total Operating Expenses	114	104	112	108	98	96	105	111	114	123	117
Selling, General & Admin Expense	98	87	96	95	84	83	89	93	97	105	100
Research & Development Expense	16	17	16	14	14	13	15	18	17	18	17
Total Other Income / (Expense), net	-5.09	-4.93	-5.16	-4.01	-5.36	-3.72	-6.78	-1.81	2.44	6.46	8.39
Interest & Investment Income	0.65	1.18	1.64	2.40	1.96	1.08	0.62	2.78	1.96	5.89	9.89
Other Income / (Expense), net	-0.98	-1.36	-2.11	-1.64	-2.56	-0.05	-3.13	-0.80	0.49	0.57	-1.50
Income Tax Expense	9.02	13	14	-0.07	10	7.81	22	28	13	21	20
Basic Earnings per Share	$1.86	$2.17	$1.89	$0.20	$3.57	$3.91	$5.97	$6.58	$6.04	$6.82	$5.35
Weighted Average Basic Shares Outstanding	10.91M	10.67M	10.74M	10.78M	10.82M	10.89M	10.97M	11.00M	10.98M	10.86M	10.40M
Diluted Earnings per Share	$1.85	$2.17	$1.88	$0.20	$3.56	$3.88	$5.94	$6.54	$6.01	$6.78	$5.33
Weighted Average Diluted Shares Outstanding	10.93M	10.69M	10.77M	10.81M	10.86M	10.99M	11.03M	11.06M	11.02M	10.92M	10.44M
Weighted Average Basic & Diluted Shares Outstanding	10.90M	10.70M	10.70M	10.79M	10.83M	10.91M	10.98M	11.01M	10.80M	-	10.17M
Cash Dividends to Common per Share	$1.13	$1.17	$1.21	$1.24	$1.26	$1.30	$1.33	$1.37	$1.41	$1.45	$1.49

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q2 2026	Q3 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	2/28/2026	5/31/2026
Net Income / (Loss) Attributable to Common Shareholders	19	15	18	20	13	17	27	20	11	12	16
Consolidated Net Income / (Loss)	19	15	18	20	13	17	27	20	11	12	16
Net Income / (Loss) Continuing Operations	19	15	18	20	13	17	27	20	11	12	16
Total Pre-Tax Income	25	21	23	20	15	22	33	26	14	16	21
Total Operating Income	23	21	22	20	14	21	32	24	11	13	19
Total Gross Profit	53	50	49	46	46	50	62	54	45	42	48
Total Revenue	167	161	152	139	155	166	187	169	154	158	161
Operating Revenue	167	161	152	139	155	166	187	169	154	158	161
Total Cost of Revenue	115	111	103	93	109	116	125	116	109	115	113
Operating Cost of Revenue	115	111	103	93	109	116	125	116	109	115	113
Total Operating Expenses	29	29	27	27	32	29	30	30	33	29	29
Selling, General & Admin Expense	24	24	23	22	28	25	26	25	28	25	25
Research & Development Expense	4.87	4.35	3.89	4.29	4.59	3.86	4.16	4.71	5.20	4.08	4.65
Total Other Income / (Expense), net	1.54	-0.08	0.60	0.24	1.69	1.15	1.09	1.92	2.30	2.55	2.07
Interest Expense	0.89	0.88	0.83	0.77	0.76	-	0.00	0.00	-	0.00	0.00
Interest & Investment Income	1.24	1.07	1.30	0.96	1.87	0.49	1.44	1.90	2.05	1.98	2.32
Other Income / (Expense), net	1.19	-0.27	0.13	0.04	0.58	0.66	-0.35	0.02	0.24	0.57	-0.25
Income Tax Expense	5.68	5.98	4.57	-0.21	2.45	4.87	6.64	6.21	2.81	3.52	4.76
Basic Earnings per Share	$1.75	$1.36	$1.64	$1.85	$1.19	$1.58	$2.45	$1.80	$0.99	$1.15	$1.54
Weighted Average Basic Shares Outstanding	11.00M	11.02M	11.03M	11.00M	10.98M	10.85M	10.86M	10.86M	10.86M	10.45M	10.30M
Diluted Earnings per Share	$1.73	$1.36	$1.64	$1.85	$1.16	$1.57	$2.44	$1.78	$0.99	$1.15	$1.53
Weighted Average Diluted Shares Outstanding	11.06M	11.06M	11.07M	11.03M	11.02M	10.90M	10.91M	10.93M	10.92M	10.49M	10.34M
Weighted Average Basic & Diluted Shares Outstanding	11.01M	11.03M	11.04M	10.89M	10.85M	10.45M	10.87M	10.86M	0.00	-	10.17M
Cash Dividends to Common per Share	$0.35	$0.35	$0.35	$0.35	$0.36	$0.36	$0.36	$0.36	$0.37	$0.37	$0.37

This table details how cash moves in and out of Lindsay's 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	8/31/2016	8/31/2017	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025	8/31/2026
Net Change in Cash & Equivalents	-38	20	41	-34	-5.80	5.70	-22	56	30	60	-61
Net Cash From Operating Activities	33	39	34	3.80	46	44	3.05	120	96	133	75
Net Cash From Continuing Operating Activities	33	39	34	3.80	46	44	3.05	120	96	133	75
Net Income / (Loss) Continuing Operations	20	23	20	2.17	39	43	65	72	66	74	56
Consolidated Net Income / (Loss)	20	23	20	2.17	39	43	65	72	66	74	56
Depreciation Expense	17	17	17	14	19	19	20	19	21	21	23
Non-Cash Adjustments To Reconcile Net Income	2.31	3.65	8.26	7.78	7.60	4.20	9.33	10	6.57	6.40	6.27
Changes in Operating Assets and Liabilities, net	-6.33	-4.06	-11	-20	-20	-22	-92	18	1.74	32	-10
Net Cash From Investing Activities	-9.90	-9.98	18	-21	-39	-28	-8.95	-47	-26	-49	-43
Net Cash From Continuing Investing Activities	-9.90	-9.98	18	-21	-39	-28	-8.95	-47	-26	-49	-43
Purchase of Property, Plant & Equipment	-11	-8.86	-11	-23	-21	-27	-16	-19	-29	-42	-40
Acquisitions	-	-	0.00	0.00	-3.03	0.00	0.00	-31	0.00	-5.81	0.00
Purchase of Investments	-2.92	-3.47	-3.09	0.00	-28	-19	-18	-4.93	-19	-15	-1.75
Sale of Property, Plant & Equipment	-	-	0.00	0.00	3.96	0.00	0.00	0.00	0.00	0.00	0.00
Sale and/or Maturity of Investments	3.38	2.12	2.28	0.00	8.55	19	26	11	25	16	0.22
Other Investing Activities, net	1.14	0.23	0.08	1.99	1.50	-0.58	-0.86	-3.85	-2.76	-1.33	-1.12
Net Cash From Financing Activities	-61	-10	-11	-15	-13	-12	-13	-17	-39	-27	-96
Net Cash From Continuing Financing Activities	-61	-10	-11	-15	-13	-12	-13	-17	-39	-27	-96
Repayment of Debt	-0.19	-0.20	-0.20	-0.32	-0.23	-0.20	0.19	0.22	0.37	0.37	0.36
Repurchase of Common Equity	-48	-	-	-	-	-	0.00	0.00	-22	-12	-81
Payment of Dividends	-12	-12	-13	-13	-14	-14	-15	-15	-15	-16	-15
Issuance of Common Equity	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities, net	-0.60	2.39	1.96	-0.95	0.43	2.70	1.71	-2.44	-1.10	0.06	-0.45
Effect of Exchange Rate Changes	0.30	-	-	-	-	1.02	-	0.72	-1.06	2.21	3.38
Cash Interest Paid	4.67	4.70	4.63	4.67	4.67	4.64	3.81	3.91	3.32	1.83	-0.73
Cash Income Taxes Paid	18	16	11	7.89	7.31	6.81	16	20	22	21	18

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q3 2026	Q4 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2025	2/28/2025	5/31/2025	8/31/2025	5/31/2026	8/31/2026
Net Change in Cash & Equivalents	29	-1.37	-26	6.81	51	-51	-22	24	54	-31	35
Net Cash From Operating Activities	61	22	-9.74	31	53	-0.60	12	35	64	6.66	44
Net Cash From Continuing Operating Activities	61	22	-9.74	31	53	-0.60	12	35	64	6.66	44
Net Income / (Loss) Continuing Operations	19	15	18	20	13	17	27	20	11	16	11
Consolidated Net Income / (Loss)	19	15	18	20	13	17	27	20	11	16	11
Depreciation Expense	4.82	5.31	5.27	5.27	5.35	5.31	5.20	5.10	5.19	5.89	6.01
Non-Cash Adjustments To Reconcile Net Income	1.73	1.83	1.81	1.86	1.06	1.28	2.05	0.72	2.31	3.35	1.44
Changes in Operating Assets and Liabilities, net	35	-0.28	-35	3.00	34	-24	-22	9.67	46	-18	26
Net Cash From Investing Activities	-28	-18	-13	-1.56	6.45	-16	-30	-9.21	-0.13	-9.67	-4.45
Net Cash From Continuing Investing Activities	-28	-18	-13	-1.56	6.45	-16	-30	-9.21	-0.13	-9.67	-4.45
Purchase of Property, Plant & Equipment	-5.49	-6.94	-12	-4.75	-5.45	-14	-9.78	-9.33	-14	-8.05	-4.66
Sale and/or Maturity of Investments	7.31	2.33	1.20	4.80	16	0.00	-	-	15	-	0.22
Other Investing Activities, net	0.55	-0.59	0.05	-1.60	-0.62	-1.15	-0.16	0.12	-0.89	0.13	-0.01
Net Cash From Financing Activities	-3.78	-5.38	-3.21	-22	-8.40	-35	-4.48	-4.57	-12	-29	-3.85
Net Cash From Continuing Financing Activities	-3.78	-5.38	-3.21	-22	-8.40	-35	-4.48	-4.57	-12	-29	-3.85
Repayment of Debt	0.04	0.06	0.17	0.08	0.06	0.05	0.20	0.06	0.07	0.05	0.01
Payment of Dividends	-3.85	-3.86	-3.86	-3.83	-3.90	-3.92	-3.91	-3.91	-4.01	-3.76	-3.86
Effect of Exchange Rate Changes	-	-	-	-0.50	-	-	0.60	2.87	3.05	0.62	-0.91
Cash Interest Paid	3.91	0.00	-	-	3.32	0.00	-	-	1.83	-	-0.73
Cash Income Taxes Paid	20	0.00	-	-	22	0.00	-	-	21	-	18

This table presents Lindsay's 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	8/31/2016	8/31/2017	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2025	8/31/2025	8/31/2026
Total Assets	488	506	500	500	571	637	711	746	841	841	815
Total Current Assets	277	293	331	313	348	416	477	487	533	533	472
Cash & Equivalents	101	122	161	127	121	127	105	161	251	251	190
Accounts Receivable	81	74	69	76	85	94	138	145	113	113	111
Inventories, net	75	86	79	92	105	145	194	156	137	137	135
Other Current Assets	14	6.93	11	16	18	31	29	20	32	32	35
Plant, Property, & Equipment, net	78	74	57	69	80	92	94	100	142	142	171
Total Noncurrent Assets	133	139	112	118	143	129	139	158	166	166	173
Long-Term Investments	-	-	-	-	-	-	-	-	8.76	8.76	8.37
Goodwill	77	77	65	64	68	68	67	83	84	84	84
Intangible Assets	47	43	27	24	23	20	18	28	23	23	22
Noncurrent Deferred & Refundable Income Taxes	4.23	5.31	6.65	12	9.94	8.11	9.31	11	20	20	17
Other Noncurrent Operating Assets	4.89	13	13	17	42	33	44	37	30	30	40
Total Liabilities & Shareholders' Equity	488	506	500	500	571	637	711	746	841	841	815
Total Liabilities	236	236	223	232	272	299	317	290	308	308	309
Total Current Liabilities	88	92	80	82	102	138	161	136	144	144	150
Short-Term Debt	0.20	0.20	0.21	0.21	0.20	0.22	0.22	0.23	0.23	0.23	0.00
Accounts Payable	32	37	31	29	30	45	60	44	49	49	57
Other Current Liabilities	55	55	47	52	73	93	101	92	95	95	93
Total Noncurrent Liabilities	148	144	143	150	170	161	156	154	164	164	160
Long-Term Debt	117	117	116	116	116	116	115	115	115	115	115
Noncurrent Deferred & Payable Income Tax Liabilities	1.22	1.19	1.08	0.87	0.89	0.83	1.05	0.69	1.02	1.02	0.97
Noncurrent Employee Benefit Liabilities	6.87	6.30	5.87	6.03	6.37	5.75	4.89	4.38	3.42	3.42	3.16
Other Noncurrent Operating Liabilities	23	20	20	27	47	38	35	34	45	45	41
Total Equity & Noncontrolling Interests	252	270	277	268	299	338	393	456	533	533	506
Total Preferred & Common Equity	252	270	277	268	299	338	393	456	533	533	506
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	252	270	277	268	299	338	393	456	533	533	506
Common Stock	76	82	87	91	97	105	113	118	132	132	138
Retained Earnings	467	478	485	475	500	528	579	636	745	745	786
Treasury Stock	-277	-277	-277	-277	-277	-277	-277	-277	-311	-311	-392
Accumulated Other Comprehensive Income / (Loss)	-14	-12	-18	-20	-21	-18	-21	-21	-34	-34	-26

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

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q2 2026	Q3 2026
Period end date	11/30/2022	2/28/2023	5/31/2023	11/30/2023	2/29/2024	5/31/2024	11/30/2025	2/28/2025	5/31/2025	2/28/2026	5/31/2026
Total Assets	708	709	724	764	765	758	828	814	841	838	822
Total Current Assets	481	480	491	501	501	489	507	527	547	499	480
Cash & Equivalents	99	98	132	159	133	140	200	172	196	186	155
Short-Term Investments	11	8.76	13	16	17	12	0.00	15	15	0.00	0.00
Accounts Receivable	157	167	154	143	154	134	129	155	148	134	137
Inventories, net	188	179	167	164	167	172	146	155	150	145	146
Other Current Assets	25	28	26	18	29	30	32	30	38	34	42
Plant, Property, & Equipment, net	94	94	97	104	111	112	155	125	131	163	166
Plant, Property & Equipment, gross	243	246	253	265	275	278	330	296	305	342	348
Accumulated Depreciation	149	153	156	162	165	166	175	171	174	179	182
Total Noncurrent Assets	133	135	135	159	154	158	166	163	163	176	175
Long-Term Investments	-	-	-	-	0.00	0.00	8.11	7.45	8.34	8.40	8.42
Goodwill	67	67	67	84	84	84	84	84	84	85	84
Intangible Assets	18	17	17	27	26	26	23	24	24	23	23
Noncurrent Deferred & Refundable Income Taxes	8.12	9.52	12	13	9.20	13	19	12	19	23	23
Other Noncurrent Operating Assets	40	41	40	35	34	35	32	35	28	37	36
Total Liabilities & Shareholders' Equity	708	709	724	764	765	758	828	814	841	838	822
Total Liabilities	304	287	287	297	282	278	310	298	312	330	323
Total Current Liabilities	149	133	133	142	129	124	148	145	150	165	164
Short-Term Debt	0.22	0.22	0.23	0.23	0.23	0.23	0.19	0.23	0.23	0.15	0.09
Accounts Payable	59	53	42	52	48	35	57	58	47	55	59
Other Current Liabilities	90	80	91	90	81	88	91	87	103	110	105
Total Noncurrent Liabilities	155	154	154	155	153	154	162	153	162	165	159
Long-Term Debt	115	115	115	115	115	115	115	115	115	115	115
Noncurrent Deferred & Payable Income Tax Liabilities	0.69	0.70	0.69	0.70	0.68	0.68	1.82	0.64	0.69	2.18	1.16
Noncurrent Employee Benefit Liabilities	4.81	4.73	4.65	4.31	4.23	4.16	3.35	4.04	3.98	3.28	3.22
Other Noncurrent Operating Liabilities	34	33	33	35	33	34	42	33	42	44	40
Total Equity & Noncontrolling Interests	405	422	437	467	483	480	518	516	529	508	499
Total Preferred & Common Equity	405	422	437	467	483	480	518	516	529	508	499
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	405	422	437	467	483	480	518	516	529	508	499
Common Stock	112	114	116	118	120	122	132	127	130	135	137
Retained Earnings	593	608	621	647	662	678	758	723	739	766	778
Treasury Stock	-277	-277	-277	-277	-277	-295	-341	-301	-302	-367	-392
Accumulated Other Comprehensive Income / (Loss)	-24	-22	-23	-21	-22	-25	-31	-32	-37	-27	-24

This table displays calculated financial ratios and metrics derived from Lindsay's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	8/31/2016	8/31/2017	8/31/2018	8/31/2019	8/31/2020	8/31/2021	8/31/2022	8/31/2023	8/31/2024	8/31/2025	8/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	10,862,203.00	10,168,885.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	10,862,203.00	10,168,885.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	6.82	5.47
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.81%	0.30%	5.74%	-18.92%	6.90%	19.58%	35.78%	-12.54%	-9.94%	11.41%	-5.99%
EBITDA Growth	-22.84%	11.33%	-4.57%	-65.38%	284.22%	3.08%	52.52%	8.03%	-18.54%	11.50%	-19.26%
EBIT Growth	-31.49%	17.67%	-6.09%	-87.88%	1,054.87%	4.66%	69.30%	10.78%	-23.95%	15.05%	-26.24%
NOPAT Growth	-16.62%	10.91%	-11.43%	-73.02%	580.04%	6.65%	54.25%	4.49%	-12.86%	7.45%	-28.32%
Net Income Growth	-22.97%	14.37%	-12.52%	-89.29%	1,678.50%	10.21%	53.78%	10.55%	-8.46%	11.76%	-24.85%
EPS Growth	-16.67%	17.30%	-13.36%	-89.36%	1,680.00%	8.99%	53.09%	10.10%	-8.10%	12.81%	-21.39%
Operating Cash Flow Growth	-32.80%	19.09%	-13.98%	-88.81%	1,112.38%	-4.49%	-93.07%	3,827.40%	-20.00%	38.79%	-43.63%
Free Cash Flow Firm Growth	190.80%	14.28%	145.05%	-137.07%	198.71%	-50.50%	-223.01%	525.24%	3.81%	-14.17%	-77.21%
Invested Capital Growth	0.25%	-0.02%	-15.60%	13.53%	7.54%	12.43%	27.63%	3.14%	0.13%	0.00%	8.68%
Revenue Q/Q Growth	1.85%	-0.19%	-1.56%	-4.59%	5.92%	4.65%	4.98%	-3.31%	-1.96%	-0.21%	0.00%
EBITDA Q/Q Growth	25.92%	-0.71%	-9.28%	-16.84%	33.36%	-13.25%	17.31%	-0.22%	-9.18%	-2.12%	0.00%
EBIT Q/Q Growth	45.88%	-1.58%	-11.48%	-44.93%	45.25%	-16.17%	20.74%	0.17%	-11.96%	-2.76%	0.00%
NOPAT Q/Q Growth	91.63%	-4.75%	-6.22%	-26.33%	34.74%	-12.69%	24.81%	-3.63%	-9.39%	-3.31%	0.00%
Net Income Q/Q Growth	118.44%	-5.95%	-6.30%	-61.54%	51.74%	-17.24%	22.73%	1.83%	-8.93%	-2.53%	0.00%
EPS Q/Q Growth	105.56%	-4.41%	-6.93%	-61.54%	51.49%	-17.27%	22.22%	1.71%	-8.66%	-2.45%	0.00%
Operating Cash Flow Q/Q Growth	-3.17%	5.79%	46.53%	-38.07%	16.87%	-27.60%	126.22%	37.36%	-7.20%	-16.48%	0.00%
Free Cash Flow Firm Q/Q Growth	5.79%	-8.23%	36.17%	-23.25%	-13.27%	-35.77%	55.88%	-11.45%	76.09%	-22.61%	0.00%
Invested Capital Q/Q Growth	-1.18%	-0.79%	-8.52%	-6.81%	-1.41%	-1.29%	-2.07%	-0.76%	-8.43%	-8.52%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.78%	28.00%	27.65%	25.81%	32.14%	26.46%	25.84%	31.60%	31.47%	31.16%	28.90%
EBITDA Margin	9.74%	10.81%	9.75%	4.16%	14.97%	12.90%	14.49%	17.90%	16.19%	16.20%	13.92%
Operating Margin	6.66%	7.85%	7.12%	1.38%	11.42%	9.53%	12.28%	15.16%	12.62%	13.03%	10.53%
EBIT Margin	6.47%	7.59%	6.74%	1.01%	10.88%	9.52%	11.87%	15.04%	12.70%	13.11%	10.29%
Profit (Net Income) Margin	3.92%	4.47%	3.70%	0.49%	8.14%	7.50%	8.49%	10.74%	10.91%	10.95%	8.75%
Tax Burden Percent	69.20%	64.90%	59.90%	103.09%	79.09%	84.49%	74.51%	72.11%	83.82%	78.29%	73.89%
Interest Burden Percent	87.70%	90.89%	91.74%	47.12%	94.57%	93.21%	96.01%	99.01%	102.54%	106.63%	115.12%
Effective Tax Rate	30.80%	35.10%	40.10%	-3.09%	20.91%	15.51%	25.49%	27.89%	16.18%	21.71%	26.11%
Return on Invested Capital (ROIC)	8.97%	9.94%	9.55%	2.64%	16.24%	15.74%	20.15%	18.49%	15.86%	17.76%	12.20%
ROIC Less NNEP Spread (ROIC-NNEP)	80.40%	-59.27%	20.30%	15.01%	38.02%	26.96%	51.78%	23.52%	12.62%	14.25%	6.75%
Return on Net Nonoperating Assets (RNNOA)	-1.47%	-1.05%	-2.13%	-1.84%	-2.61%	-2.37%	-2.26%	-1.44%	-1.71%	-3.86%	-1.48%
Return on Equity (ROE)	7.50%	8.89%	7.42%	0.80%	13.63%	13.37%	17.89%	17.05%	14.15%	13.90%	10.72%
Cash Return on Invested Capital (CROIC)	8.72%	9.96%	26.47%	-10.04%	8.98%	4.04%	-4.12%	15.40%	15.73%	17.76%	3.88%
Operating Return on Assets (OROA)	6.52%	7.91%	7.34%	0.89%	9.65%	8.95%	13.58%	13.92%	10.24%	10.55%	7.90%
Return on Assets (ROA)	3.96%	4.67%	4.03%	0.43%	7.21%	7.05%	9.71%	9.94%	8.80%	8.81%	6.72%
Return on Common Equity (ROCE)	7.50%	8.89%	7.42%	0.80%	13.63%	13.37%	17.89%	17.05%	14.15%	13.90%	10.72%
Return on Equity Simple (ROE_SIMPLE)	8.06%	8.58%	7.32%	0.81%	12.94%	12.58%	16.64%	15.88%	13.78%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	24	26	23	6.30	43	46	71	74	64	69	49
NOPAT Margin	4.61%	5.09%	4.27%	1.42%	9.03%	8.05%	9.15%	10.93%	10.58%	10.20%	7.78%
Net Nonoperating Expense Percent (NNEP)	-71.43%	69.21%	-10.75%	-12.38%	-21.77%	-11.22%	-31.62%	-5.03%	3.23%	3.50%	5.45%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	10.65%	7.97%
Cost of Revenue to Revenue	71.22%	72.00%	72.35%	74.19%	67.86%	73.54%	74.16%	68.40%	68.53%	68.84%	71.10%
SG&A Expenses to Revenue	19.05%	16.84%	17.60%	21.29%	17.78%	14.58%	11.60%	13.74%	16.03%	15.48%	15.70%
R&D to Revenue	3.07%	3.31%	2.93%	3.14%	2.94%	2.35%	1.97%	2.70%	2.82%	2.65%	2.67%
Operating Expenses to Revenue	22.12%	20.15%	20.53%	24.43%	20.72%	16.93%	13.56%	16.44%	18.85%	18.13%	18.38%
Earnings before Interest and Taxes (EBIT)	33	39	37	4.47	52	54	92	101	77	89	65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	50	56	53	18	71	73	112	121	98	110	88
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.77	3.16	3.48	3.37	3.49	5.15	4.38	2.96	2.81	2.76	2.31
Price to Tangible Book Value (P/TBV)	5.46	5.69	5.21	5.03	5.03	6.97	5.60	3.92	3.64	3.46	2.93
Price to Revenue (P/Rev)	1.35	1.65	1.76	2.03	2.19	3.07	2.24	2.00	2.22	2.18	1.84
Price to Earnings (P/E)	34.34	36.85	47.53	415.90	26.95	40.94	26.33	18.66	20.38	19.87	21.00
Dividend Yield	1.73%	1.46%	1.35%	1.48%	1.31%	0.81%	0.85%	1.12%	1.14%	1.07%	1.30%
Earnings Yield	2.91%	2.71%	2.10%	0.24%	3.71%	2.44%	3.80%	5.36%	4.91%	5.03%	4.76%
Enterprise Value to Invested Capital (EV/IC)	2.67	3.20	4.10	3.51	3.71	5.57	4.39	3.21	3.15	3.42	2.57
Enterprise Value to Revenue (EV/Rev)	1.37	1.64	1.68	2.01	2.14	3.02	2.23	1.93	2.10	1.96	1.71
Enterprise Value to EBITDA (EV/EBITDA)	14.12	15.18	17.21	48.25	14.30	23.37	15.42	10.77	12.97	12.11	12.26
Enterprise Value to EBIT (EV/EBIT)	21.26	21.62	24.91	199.51	19.67	31.67	18.82	12.82	16.53	14.96	16.59
Enterprise Value to NOPAT (EV/NOPAT)	29.84	32.20	39.34	141.54	23.70	37.44	24.43	17.64	19.85	19.24	21.94
Enterprise Value to Operating Cash Flow (EV/OCF)	21.43	21.53	27.09	234.97	22.07	38.93	565.14	10.86	13.31	9.99	14.48
Enterprise Value to Free Cash Flow (EV/FCFF)	30.69	32.14	14.19	0.00	42.86	145.91	0.00	21.18	20.01	19.24	69.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.43	0.42	0.43	0.39	0.34	0.29	0.25	0.24	0.22	0.23
Long-Term Debt to Equity	0.47	0.43	0.42	0.43	0.39	0.34	0.29	0.25	0.24	0.22	0.23
Financial Leverage	-0.02	0.02	-0.11	-0.12	-0.07	-0.09	-0.04	-0.06	-0.14	-0.27	-0.22
Leverage Ratio	1.90	1.90	1.84	1.83	1.89	1.90	1.84	1.72	1.61	1.58	1.59
Compound Leverage Factor	1.66	1.73	1.69	0.86	1.79	1.77	1.77	1.70	1.65	1.68	1.84
Debt to Total Capital	31.78%	30.22%	29.59%	30.20%	27.96%	25.48%	22.71%	20.21%	19.33%	17.76%	18.51%
Short-Term Debt to Total Capital	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.04%	0.04%	0.04%	0.04%	0.00%
Long-Term Debt to Total Capital	31.72%	30.17%	29.53%	30.15%	27.92%	25.43%	22.66%	20.17%	19.29%	17.72%	18.51%
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	68.22%	69.78%	70.41%	69.80%	72.04%	74.52%	77.29%	79.79%	80.67%	82.24%	81.49%
Debt to EBITDA	2.33	2.09	2.18	6.28	1.63	1.58	1.03	0.96	1.17	1.05	1.30
Net Debt to EBITDA	0.28	-0.08	-0.83	-0.60	-0.35	-0.42	-0.01	-0.42	-0.77	-1.32	-0.94
Long-Term Debt to EBITDA	2.33	2.09	2.17	6.27	1.63	1.58	1.03	0.95	1.17	1.05	1.30
Debt to NOPAT	4.93	4.43	4.98	18.41	2.70	2.53	1.64	1.57	1.79	1.67	2.32
Net Debt to NOPAT	0.58	-0.18	-1.90	-1.77	-0.58	-0.68	-0.01	-0.69	-1.18	-2.09	-1.69
Long-Term Debt to NOPAT	4.92	4.43	4.97	18.38	2.70	2.53	1.64	1.56	1.79	1.66	2.32
Altman Z-Score	4.86	5.25	5.89	5.14	5.17	6.35	6.44	5.91	5.88	5.82	5.13
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	3.15	3.18	4.13	3.82	3.40	3.01	2.96	3.58	3.92	3.71	3.15
Quick Ratio	2.07	2.12	2.87	2.47	2.20	1.74	1.58	2.29	2.44	2.53	2.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	23	26	65	-24	24	12	-14	61	64	69	16
Operating Cash Flow to CapEx	288.14%	445.10%	306.98%	16.36%	263.20%	165.85%	19.54%	637.59%	330.45%	312.76%	186.50%
Free Cash Flow to Firm to Interest Expense	4.87	5.56	13.82	-5.04	4.98	2.47	-3.38	16.20	19.70	0.00	0.00
Operating Cash Flow to Interest Expense	6.97	8.29	7.24	0.80	9.67	9.25	0.71	31.60	29.61	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	4.55	6.43	4.88	-4.07	6.00	3.67	-2.94	26.65	20.65	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.01	1.04	1.09	0.89	0.89	0.94	1.14	0.93	0.81	0.80	0.77
Accounts Receivable Turnover	6.68	6.71	7.66	6.14	5.93	6.37	6.65	4.76	4.65	5.98	5.67
Inventory Turnover	4.91	4.64	4.79	3.84	3.27	3.34	3.37	2.64	2.68	3.40	3.32
Fixed Asset Turnover	6.61	6.81	8.31	7.04	6.39	6.62	8.27	6.94	5.71	4.75	4.06
Accounts Payable Turnover	10.35	10.81	11.78	10.99	10.92	11.17	10.86	8.84	10.18	9.57	8.56
Days Sales Outstanding (DSO)	54.66	54.42	47.63	59.45	61.57	57.30	54.89	76.61	78.58	60.99	64.36
Days Inventory Outstanding (DIO)	74.27	78.73	76.17	95.01	111.65	109.31	108.25	138.42	136.16	107.29	109.84
Days Payable Outstanding (DPO)	35.27	33.76	30.97	33.22	33.42	32.69	33.60	41.29	35.84	38.16	42.63
Cash Conversion Cycle (CCC)	93.66	99.40	92.84	121.24	139.80	133.92	129.53	173.74	178.90	130.13	131.56
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	265	265	224	254	273	307	392	405	405	389	422
Invested Capital Turnover	1.95	1.95	2.24	1.86	1.80	1.95	2.20	1.69	1.50	1.74	1.57
Increase / (Decrease) in Invested Capital	0.66	-0.05	-41	30	19	34	85	12	0.51	0.00	34
Enterprise Value (EV)	710	850	919	892	1,016	1,712	1,723	1,300	1,275	1,327	1,085
Market Capitalization	696	854	964	903	1,041	1,743	1,723	1,351	1,350	1,472	1,169
Book Value per Share	$23.67	$25.26	$25.74	$24.87	$27.55	$31.03	$35.83	$41.39	$44.18	$49.06	$49.73
Tangible Book Value per Share	$12.00	$14.04	$17.18	$16.64	$19.11	$22.93	$28.05	$31.32	$34.11	$39.13	$39.23
Total Capital	369	387	393	384	414	454	509	571	596	648	620
Total Debt	117	117	116	116	116	116	116	115	115	115	115
Total Long-Term Debt	117	117	116	116	116	116	115	115	115	115	115
Net Debt	14	-4.64	-44	-11	-25	-31	-0.95	-51	-76	-144	-83
Capital Expenditures (CapEx)	11	8.86	11	23	17	27	16	19	29	42	40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	86	79	90	104	105	131	200	185	177	139	132
Debt-free Net Working Capital (DFNWC)	189	201	251	232	246	278	316	352	368	389	322
Net Working Capital (NWC)	189	201	251	231	246	278	316	351	367	389	322
Net Nonoperating Expense (NNE)	3.52	3.20	3.09	4.13	4.24	3.14	5.05	1.30	-2.05	-5.06	-6.20
Net Nonoperating Obligations (NNO)	14	-4.64	-53	-14	-25	-31	-0.95	-51	-76	-144	-83
Total Depreciation and Amortization (D&A)	17	17	17	14	19	19	20	19	21	21	23
Debt-free, Cash-free Net Working Capital to Revenue	16.62%	15.34%	16.50%	23.50%	22.08%	23.14%	25.93%	27.49%	29.11%	20.53%	20.75%
Debt-free Net Working Capital to Revenue	36.62%	38.82%	45.86%	52.15%	51.77%	48.99%	41.05%	52.16%	60.56%	57.57%	50.61%
Net Working Capital to Revenue	36.58%	38.78%	45.82%	52.10%	51.73%	48.95%	41.02%	52.13%	60.52%	57.54%	50.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.86	$2.17	$1.89	$0.20	$3.57	$3.91	$5.97	$6.58	$6.04	$0.00	$5.35
Adjusted Weighted Average Basic Shares Outstanding	10.91M	10.67M	10.74M	10.78M	10.82M	10.89M	10.97M	11.00M	10.98M	0.00	10.40M
Adjusted Diluted Earnings per Share	$1.85	$2.17	$1.88	$0.20	$3.56	$3.88	$5.94	$6.54	$6.01	$0.00	$5.33
Adjusted Weighted Average Diluted Shares Outstanding	10.93M	10.69M	10.77M	10.81M	10.86M	10.99M	11.03M	11.06M	11.02M	0.00	10.44M
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	10.63M	10.70M	10.76M	10.79M	10.83M	10.91M	10.98M	11.01M	10.85M	0.00	10.17M
Normalized Net Operating Profit after Tax (NOPAT)	24	26	23	4.28	43	46	71	74	64	69	49
Normalized NOPAT Margin	4.61%	5.09%	4.27%	0.96%	9.03%	8.05%	9.15%	10.93%	10.58%	10.20%	7.78%
Pre Tax Income Margin	5.67%	6.90%	6.18%	0.47%	10.29%	8.88%	11.40%	14.89%	13.02%	13.98%	11.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.03	8.26	7.87	0.94	10.85	11.38	21.44	26.76	23.84	0.00	0.00
NOPAT to Interest Expense	5.01	5.55	4.99	1.32	9.01	9.62	16.52	19.45	19.85	0.00	0.00
EBIT Less CapEx to Interest Expense	4.61	6.40	5.51	-3.93	7.18	5.80	17.78	21.81	14.88	0.00	0.00
NOPAT Less CapEx to Interest Expense	2.59	3.68	2.63	-3.55	5.33	4.04	12.87	14.50	10.89	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	60.41%	53.89%	64.14%	615.79%	35.32%	33.28%	22.30%	20.84%	23.33%	21.27%	27.66%
Augmented Payout Ratio	298.90%	53.89%	64.14%	615.79%	35.32%	33.28%	22.30%	20.84%	57.22%	36.84%	172.73%

This table displays calculated financial ratios and metrics derived from Lindsay's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q2 2026	Q3 2026
Period end date	8/31/2023	11/30/2023	2/29/2024	5/31/2024	8/31/2024	11/30/2024	2/28/2025	5/31/2025	8/31/2025	2/28/2026	5/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	10,862,203.00	10,454,669.00	10,395,655.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	10,862,203.00	10,454,669.00	10,395,655.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	1.00	1.15	1.52
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.13%	-8.40%	-8.86%	-15.41%	-7.26%	3.05%	23.46%	21.74%	-0.93%	-15.69%	-5.13%
EBITDA Growth	-0.89%	-11.22%	-11.59%	-17.94%	-33.84%	3.22%	34.44%	14.51%	-13.78%	-63.36%	-16.49%
EBIT Growth	0.69%	-15.23%	-15.41%	-23.16%	-42.67%	3.54%	42.92%	19.21%	-17.85%	-57.25%	-23.32%
NOPAT Growth	-14.41%	-19.24%	-7.75%	13.88%	-37.23%	7.91%	45.67%	-10.41%	-20.61%	-60.82%	-21.12%
Net Income Growth	7.25%	-17.56%	0.39%	20.72%	-33.77%	14.28%	46.64%	-4.31%	-15.11%	-54.68%	-18.87%
EPS Growth	6.79%	-17.58%	0.61%	20.92%	-32.95%	15.44%	48.78%	-3.78%	-14.66%	-52.87%	-14.04%
Operating Cash Flow Growth	116.35%	367.15%	-403.78%	-40.50%	-12.27%	-1.23%	226.10%	14.68%	20.57%	0.00%	-80.97%
Free Cash Flow Firm Growth	108.96%	137.75%	103.70%	-238.23%	89.03%	-27.40%	2,775.83%	346.37%	-67.31%	-46.58%	-133.06%
Invested Capital Growth	3.14%	-0.77%	3.80%	8.51%	0.13%	0.74%	-2.31%	-4.02%	0.00%	-2.10%	6.14%
Revenue Q/Q Growth	1.57%	-3.45%	-6.10%	-8.13%	11.35%	7.28%	12.50%	-9.41%	-9.39%	0.00%	1.93%
EBITDA Q/Q Growth	-4.54%	-11.11%	5.32%	-8.17%	-23.04%	38.70%	37.16%	-21.78%	-42.05%	0.00%	77.78%
EBIT Q/Q Growth	-5.55%	-15.29%	6.86%	-10.13%	-29.53%	52.99%	47.50%	-25.04%	-51.43%	0.00%	34.45%
NOPAT Q/Q Growth	2.00%	-16.43%	17.04%	14.14%	-43.78%	43.67%	58.01%	-29.80%	-50.18%	0.00%	41.34%
Net Income Q/Q Growth	13.91%	-21.89%	20.67%	12.45%	-37.50%	34.77%	54.84%	-26.63%	-44.55%	0.00%	31.34%
EPS Q/Q Growth	13.07%	-21.39%	20.59%	12.80%	-37.30%	35.34%	55.41%	-27.05%	-44.38%	0.00%	33.04%
Operating Cash Flow Q/Q Growth	18.05%	-63.87%	-144.51%	413.41%	74.05%	-59.32%	-43.17%	185.04%	82.99%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-45.64%	218.82%	-93.13%	-1,261.43%	174.34%	22.45%	171.99%	-0.50%	-74.92%	0.00%	-161.58%
Invested Capital Q/Q Growth	-0.76%	0.45%	10.12%	-1.15%	-8.43%	1.07%	6.79%	-2.89%	-8.52%	0.00%	5.28%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	31.42%	30.93%	32.31%	33.40%	29.48%	30.05%	33.40%	31.64%	29.11%	26.85%	29.75%
EBITDA Margin	17.58%	16.18%	18.15%	18.14%	12.54%	16.21%	19.76%	17.06%	10.91%	8.61%	15.02%
Operating Margin	13.98%	13.06%	14.58%	14.32%	8.71%	12.56%	17.17%	14.04%	7.37%	8.25%	11.52%
EBIT Margin	14.69%	12.89%	14.67%	14.35%	9.08%	12.95%	16.99%	14.05%	7.53%	8.61%	11.36%
Profit (Net Income) Margin	11.51%	9.31%	11.96%	14.64%	8.22%	10.32%	14.21%	11.51%	7.04%	7.64%	9.84%
Tax Burden Percent	77.21%	71.54%	79.85%	101.02%	83.87%	77.90%	80.01%	75.83%	79.38%	77.38%	76.88%
Interest Burden Percent	101.41%	100.92%	102.09%	100.97%	107.85%	102.29%	104.54%	107.96%	117.76%	114.61%	112.68%
Effective Tax Rate	22.79%	28.46%	20.15%	-1.02%	16.13%	22.10%	19.99%	24.17%	20.62%	22.62%	23.12%
Return on Invested Capital (ROIC)	18.25%	15.09%	17.08%	21.07%	10.95%	14.67%	20.11%	16.64%	10.19%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	13.67%	15.30%	13.44%	20.35%	8.72%	13.38%	18.58%	14.58%	8.93%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.83%	-0.97%	-0.39%	-1.47%	-1.18%	-1.95%	-2.13%	-2.05%	-2.42%	0.00%	0.00%
Return on Equity (ROE)	17.42%	14.12%	16.69%	19.60%	9.77%	12.72%	17.98%	14.60%	7.77%	0.00%	0.00%
Cash Return on Invested Capital (CROIC)	15.40%	17.95%	11.89%	8.51%	15.73%	15.25%	18.90%	20.56%	17.76%	0.00%	0.00%
Operating Return on Assets (OROA)	13.60%	11.55%	12.83%	12.00%	7.32%	10.33%	13.93%	11.92%	6.06%	0.00%	0.00%
Return on Assets (ROA)	10.65%	8.34%	10.46%	12.24%	6.63%	8.23%	11.65%	9.76%	5.66%	0.00%	0.00%
Return on Common Equity (ROCE)	17.42%	14.12%	16.69%	19.60%	9.77%	12.72%	17.98%	14.60%	7.77%	0.00%	0.00%
Return on Equity Simple (ROE_SIMPLE)	0.00%	14.82%	14.34%	15.16%	0.00%	14.00%	14.88%	14.37%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	18	15	18	20	11	16	26	18	8.99	10	14
NOPAT Margin	10.79%	9.34%	11.65%	14.47%	7.31%	9.78%	13.74%	10.65%	5.85%	6.38%	8.85%
Net Nonoperating Expense Percent (NNEP)	4.59%	-0.20%	3.64%	0.72%	2.23%	1.29%	1.53%	2.06%	1.26%	2.49%	2.08%
Return On Investment Capital (ROIC_SIMPLE)	-	2.59%	2.95%	-	-	2.69%	4.07%	2.80%	1.39%	1.62%	2.32%
Cost of Revenue to Revenue	68.58%	69.07%	67.69%	66.60%	70.52%	69.95%	66.60%	68.36%	70.89%	73.15%	70.25%
SG&A Expenses to Revenue	14.53%	15.17%	15.16%	16.00%	17.81%	15.17%	14.01%	14.82%	18.35%	16.02%	15.34%
R&D to Revenue	2.91%	2.70%	2.57%	3.08%	2.96%	2.32%	2.22%	2.78%	3.38%	2.58%	2.89%
Operating Expenses to Revenue	17.44%	17.87%	17.72%	19.08%	20.77%	17.49%	16.23%	17.60%	21.74%	18.60%	18.24%
Earnings before Interest and Taxes (EBIT)	25	21	22	20	14	22	32	24	12	14	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	29	26	27	25	19	27	37	29	17	14	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.96	2.78	2.69	2.63	2.81	2.95	2.78	2.86	2.76	2.77	2.28
Price to Tangible Book Value (P/TBV)	3.92	3.65	3.49	3.41	3.64	3.79	3.52	3.60	3.46	3.52	2.90
Price to Revenue (P/Rev)	2.00	1.97	2.02	2.04	2.22	2.35	2.22	2.23	2.18	0.00	0.00
Price to Earnings (P/E)	18.66	18.77	18.79	17.37	20.38	21.05	18.68	19.94	19.87	0.00	0.00
Dividend Yield	1.12%	1.17%	1.18%	1.22%	1.14%	1.07%	1.08%	1.03%	1.07%	1.09%	1.35%
Earnings Yield	5.36%	5.33%	5.32%	5.76%	4.91%	4.75%	5.35%	5.02%	5.03%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.21	3.05	2.83	2.77	3.15	3.32	3.10	3.32	3.42	3.10	2.41
Enterprise Value to Revenue (EV/Rev)	1.93	1.88	1.96	1.98	2.10	2.22	2.10	2.08	1.96	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	10.77	10.55	11.13	11.33	12.97	13.73	12.49	12.56	12.11	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	12.82	12.68	13.52	14.00	16.53	17.49	15.53	15.47	14.96	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.64	17.66	18.44	17.30	19.85	20.86	18.50	19.77	19.24	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.86	9.04	10.21	11.88	13.31	14.25	11.55	11.56	9.99	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	21.18	16.90	24.22	33.89	20.01	21.87	16.22	15.82	19.24	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.25	0.24	0.24	0.24	0.24	0.22	0.22	0.22	0.23	0.23
Long-Term Debt to Equity	0.25	0.25	0.24	0.24	0.24	0.24	0.22	0.22	0.22	0.23	0.23
Financial Leverage	-0.06	-0.06	-0.03	-0.07	-0.14	-0.15	-0.11	-0.14	-0.27	-0.15	-0.15
Leverage Ratio	1.72	1.69	1.63	1.62	1.61	1.61	1.58	1.59	1.58	1.61	1.62
Compound Leverage Factor	1.74	1.70	1.66	1.63	1.73	1.64	1.65	1.71	1.86	1.85	1.82
Debt to Total Capital	20.21%	19.81%	19.27%	19.36%	19.33%	19.08%	18.23%	17.87%	17.76%	18.46%	18.71%
Short-Term Debt to Total Capital	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.02%	0.01%
Long-Term Debt to Total Capital	20.17%	19.77%	19.23%	19.32%	19.29%	19.04%	18.19%	17.84%	17.72%	18.44%	18.70%
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	79.79%	80.19%	80.73%	80.64%	80.67%	80.92%	81.77%	82.13%	82.24%	81.54%	81.29%
Debt to EBITDA	0.96	0.98	1.01	1.06	1.17	1.16	1.06	1.03	1.05	0.00	0.00
Net Debt to EBITDA	-0.42	-0.51	-0.31	-0.35	-0.77	-0.80	-0.73	-0.93	-1.32	0.00	0.00
Long-Term Debt to EBITDA	0.95	0.98	1.01	1.06	1.17	1.16	1.06	1.02	1.05	0.00	0.00
Debt to NOPAT	1.57	1.65	1.68	1.63	1.79	1.76	1.57	1.61	1.67	0.00	0.00
Net Debt to NOPAT	-0.69	-0.86	-0.51	-0.53	-1.18	-1.21	-1.08	-1.46	-2.09	0.00	0.00
Long-Term Debt to NOPAT	1.56	1.64	1.68	1.62	1.79	1.76	1.57	1.61	1.66	0.00	0.00
Altman Z-Score	5.57	5.33	5.50	5.46	5.61	5.80	5.62	5.61	5.51	0.00	0.00
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	3.58	3.53	3.87	3.95	3.92	3.87	3.64	3.64	3.71	3.02	2.93
Quick Ratio	2.29	2.24	2.35	2.32	2.44	2.43	2.36	2.39	2.53	1.94	1.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.72	18	1.25	-15	11	13	36	36	8.99	19	-12
Operating Cash Flow to CapEx	1,102.31%	315.11%	-82.29%	641.86%	974.16%	236.31%	125.58%	374.95%	449.53%	0.00%	82.70%
Free Cash Flow to Firm to Interest Expense	6.41	20.80	1.51	-18.97	14.23	17.61	89.62	103.90	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	67.79	24.94	-11.73	39.78	69.88	28.73	30.54	101.43	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	61.64	17.03	-25.99	33.59	62.71	16.57	6.22	74.38	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.93	0.90	0.87	0.84	0.81	0.80	0.82	0.85	0.80	0.00	0.00
Accounts Receivable Turnover	4.76	4.39	4.02	4.29	4.65	4.64	4.19	4.80	5.98	0.00	0.00
Inventory Turnover	2.64	2.55	2.54	2.49	2.68	2.61	2.75	2.89	3.40	0.00	0.00
Fixed Asset Turnover	6.94	6.68	6.30	5.94	5.71	5.52	5.50	5.60	4.75	0.00	0.00
Accounts Payable Turnover	8.84	8.11	8.72	10.91	10.18	7.98	8.39	11.36	9.57	0.00	0.00
Days Sales Outstanding (DSO)	76.61	83.09	90.78	85.07	78.58	78.70	87.11	76.01	60.99	0.00	0.00
Days Inventory Outstanding (DIO)	138.42	143.17	143.54	146.53	136.16	139.80	132.66	126.09	107.29	0.00	0.00
Days Payable Outstanding (DPO)	41.29	44.99	41.85	33.47	35.84	45.71	43.48	32.14	38.16	0.00	0.00
Cash Conversion Cycle (CCC)	173.74	181.28	192.47	198.12	178.90	172.79	176.29	169.97	130.13	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	405	407	448	443	405	410	437	425	389	428	451
Invested Capital Turnover	1.69	1.62	1.47	1.46	1.50	1.50	1.46	1.56	1.74	0.00	0.00
Increase / (Decrease) in Invested Capital	12	-3.17	16	35	0.51	3.02	-10	-18	0.00	-9.18	26
Enterprise Value (EV)	1,300	1,238	1,266	1,226	1,275	1,361	1,357	1,411	1,327	1,329	1,088
Market Capitalization	1,351	1,298	1,301	1,264	1,350	1,440	1,436	1,515	1,472	1,408	1,136
Book Value per Share	$41.39	$42.40	$43.79	$43.48	$44.18	$45.03	$47.52	$48.67	$49.06	$48.57	$48.01
Tangible Book Value per Share	$31.32	$32.32	$33.78	$33.54	$34.11	$35.03	$37.58	$38.73	$39.13	$38.28	$37.71
Total Capital	571	582	598	595	596	604	632	644	648	623	614
Total Debt	115	115	115	115	115	115	115	115	115	115	115
Total Long-Term Debt	115	115	115	115	115	115	115	115	115	115	115
Net Debt	-51	-60	-35	-37	-76	-79	-79	-104	-144	-80	-48
Capital Expenditures (CapEx)	5.49	6.94	12	4.75	5.45	9.14	9.78	9.33	14	0.00	8.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)	185	184	221	212	177	178	195	186	139	148	162
Debt-free Net Working Capital (DFNWC)	352	360	372	365	368	373	382	397	389	334	317
Net Working Capital (NWC)	351	359	371	365	367	372	382	397	389	334	317
Net Nonoperating Expense (NNE)	-1.19	0.06	-0.48	-0.24	-1.41	-0.90	-0.87	-1.46	-1.82	-1.98	-1.59
Net Nonoperating Obligations (NNO)	-51	-60	-35	-37	-76	-79	-79	-104	-144	-80	-48
Total Depreciation and Amortization (D&A)	4.82	5.31	5.27	5.27	5.35	5.41	5.20	5.10	5.19	0.00	5.89
Debt-free, Cash-free Net Working Capital to Revenue	27.49%	27.89%	34.29%	34.32%	29.11%	29.16%	30.16%	27.51%	20.53%	0.00%	0.00%
Debt-free Net Working Capital to Revenue	52.16%	54.54%	57.66%	58.98%	60.56%	60.87%	59.00%	58.61%	57.57%	0.00%	0.00%
Net Working Capital to Revenue	52.13%	54.50%	57.63%	58.94%	60.52%	60.83%	58.96%	58.57%	57.54%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.75	$1.36	$1.64	$1.85	$1.19	$1.58	$2.45	$1.80	$0.99	$1.15	$1.54
Adjusted Weighted Average Basic Shares Outstanding	11.00M	11.02M	11.03M	11.00M	10.98M	10.85M	10.86M	10.86M	10.86M	10.45M	10.30M
Adjusted Diluted Earnings per Share	$1.73	$1.36	$1.64	$1.85	$1.16	$1.57	$2.44	$1.78	$0.99	$1.15	$1.53
Adjusted Weighted Average Diluted Shares Outstanding	11.06M	11.06M	11.07M	11.03M	11.02M	10.90M	10.91M	10.93M	10.92M	10.49M	10.34M
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	11.01M	11.03M	11.04M	10.89M	10.85M	10.87M	10.87M	10.86M	0.00	0.00	10.17M
Normalized Net Operating Profit after Tax (NOPAT)	18	15	18	14	11	16	26	18	8.99	10	14
Normalized NOPAT Margin	10.79%	9.34%	11.65%	10.03%	7.31%	9.78%	13.74%	10.65%	5.85%	6.38%	8.85%
Pre Tax Income Margin	14.90%	13.01%	14.98%	14.49%	9.80%	13.25%	17.76%	15.17%	8.87%	9.87%	12.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	27.50	23.72	26.79	26.05	18.53	28.64	79.04	69.03	0.00	0.00	0.00
NOPAT to Interest Expense	20.20	17.19	21.26	26.26	14.90	21.63	63.94	52.30	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	21.35	15.81	12.53	19.85	11.35	16.49	54.72	41.98	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	14.05	9.28	7.00	20.06	7.72	9.48	39.62	25.25	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.84%	21.97%	22.12%	21.18%	23.33%	22.68%	20.25%	20.58%	21.27%	0.00%	0.00%
Augmented Payout Ratio	20.84%	21.97%	22.12%	21.18%	57.22%	22.68%	51.32%	30.10%	36.84%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Lindsay’s recent statements show a financially stable company, but earnings and operating cash flow remain below the stronger levels seen earlier in the period. Revenue in Q3 2026 was $160.8 million, up from $139.2 million in Q3 2024 but down 5.1% from $169.5 million in Q3 2025. Net income declined to $15.8 million from $19.5 million a year earlier, while diluted EPS fell to $1.53 from $1.78.

Profitability has been uneven. Q3 2026 gross margin was approximately 29.8%, below 31.6% in Q3 2025 and 33.4% in Q3 2024. Operating margin also declined to roughly 11.5%, compared with 14.1% and 14.3% in those respective quarters. However, Q3 2026 results improved sequentially from Q2 2026, when revenue was $157.7 million and net income was $12.0 million.

Cash generation is volatile. Operating cash flow was $6.7 million in Q3 2026, down sharply from $35.0 million in Q3 2025 and $30.5 million in Q3 2024. The primary pressure came from a $18.4 million use of cash in operating assets and liabilities. In Q4 2026, operating cash flow recovered to $44.3 million, producing approximately $39.6 million of operating cash flow after capital expenditures.

The balance sheet remains a relative strength. As of Q3 2026, Lindsay had $154.8 million of cash, $480.4 million of current assets and $163.7 million of current liabilities, implying a current ratio of approximately 2.9. Total debt was about $114.9 million, essentially unchanged from the prior year, while total equity stood at $499.1 million.

Strong liquidity: The approximately 2.9 current ratio and $154.8 million of cash provide meaningful financial flexibility.
Manageable leverage: Total debt has remained broadly stable near $115 million, and reported interest expense was zero in Q2 and Q3 2026.
Q4 cash flow rebound: Operating cash flow increased to $44.3 million in Q4 2026, and capital expenditures were relatively moderate at $4.7 million.
Shareholder returns: The quarterly dividend increased from $0.33 per share in Q3 2022 to $0.37 in 2026, while the company continued repurchasing shares.
Long-term asset investment: Net property, plant and equipment increased to $166.4 million in Q3 2026 from $96.99 million in Q3 2022, indicating continued investment in the business.
Working-capital volatility: Changes in receivables, inventory and other operating accounts have caused large swings in quarterly operating cash flow, making individual quarters difficult to interpret.
Cash balance trend: Cash and equivalents declined from $196.1 million in Q3 2025 to $154.8 million in Q3 2026, although liquidity remains substantial.
Revenue pressure: Q3 2026 revenue was still below the $214.3 million reported in Q3 2022 and declined year over year.
Margin compression: Q3 2026 gross and operating margins weakened from the prior year, contributing to lower net income and EPS.
Weak quarterly free cash flow: Q3 2026 operating cash flow of $6.7 million did not cover $8.1 million of capital expenditures, resulting in negative quarterly free cash flow before financing activities.

Overall, Lindsay’s balance sheet and dividend profile support a degree of downside protection, but investors should monitor whether revenue growth and margins recover. The key near-term question is whether the Q4 2026 cash-flow improvement represents a sustainable recovery or primarily reflects temporary working-capital movements.

11/01/26 08:04 AM ETAI Generated. May Contain Errors.

Lindsay Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Lindsay's fiscal year ends in August. Their fiscal year 2026 ended on August 31, 2026.

Lindsay's net income appears to be on an upward trend, with a most recent value of $55.65 million in 2026, rising from $20.27 million in 2016. The previous period was $74.05 million in 2025. See where experts think Lindsay is headed by visiting Lindsay's forecast page.

Lindsay's total operating income in 2026 was $66.93 million, based on the following breakdown:

Total Gross Profit: $183.78 million
Total Operating Expenses: $116.86 million

Over the last 10 years, Lindsay's total revenue changed from $516.41 million in 2016 to $635.86 million in 2026, a change of 23.1%.

In the past 14 quarters, Lindsay's cash and equivalents has ranged from $97.68 million in Q2 2023 to $199.62 million in Q1 2025, and is currently $154.76 million as of their latest financial filing in Q3 2026.

Lindsay had total debt of $114.83 million at the end of 2026, a 0.2% decrease from 2025, and a 2.0% decrease since 2016.

Over the last 10 years, Lindsay's book value per share changed from 23.67 in 2016 to 49.73 in 2026, a change of 110.1%.

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Financial statements for NYSE:LNN last updated on 10/22/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Lindsay (LNN) Financials

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Lindsay (LNN) Financials

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