Short answer
LCI INDUSTRIES (LCII) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $4.1B (+10.2% year over year) and net income of $188M.
- Top risk flagged: Cybersecurity risk oversight by Board Risk Committee with VP of Global Information Security reporting periodic and annual updates
FY2025 key financial metrics · XBRL
- Revenue
- $4.1B
- +10.2% YoY
- Net income
- $188M
- +31.8% YoY
- Operating margin
- 6.8%
- +1.0 pp YoY
- Gross margin
- 23.8%
- +0.3 pp YoY
- EPS (diluted)
- $7.57
- +35.2% YoY
- ROE
- 13.8%
- +3.5 pp YoY
- Operating cash flow
- $331M
- −10.6% YoY
Source: XBRL data from the LCI INDUSTRIES (LCII) FY2025 10-K on SEC EDGAR. USD.
LCI INDUSTRIES FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: global engineered components supplier for outdoor recreation, transportation, marine, housing industries with OEM and aftermarket focus
- New service launch: Lippert Factory Service network for expert installation, service, repairs, and upfits in aftermarket segment
- Strategic shift: increased emphasis on adjacent industries and aftermarket expansion alongside North American RV market leadership
- Quantitative highlight: consolidated net sales $4.1B in 2025, up 10% YoY; net income $188.3M, EPS $7.57 vs $142.9M, $5.60 in 2024
- Noteworthy fact: $124.5M of 2025 sales from acquisitions completed in 2024 and 2025, supporting growth and diversification
Management Discussion & Analysis
- Revenue $4.12B in 2025, up 10% YoY from $3.74B; driven by acquisitions ($124.5M), higher sales prices, and RV market growth
- Operating margin 6.8% in 2025 vs 5.8% in 2024; OEM margin 5.8% vs 3.7%, Aftermarket margin 10.3% vs 12.6%
- OEM Segment best performer: sales $3.19B (+12%), operating profit $184.1M (+$77M); Aftermarket worst: sales $932.4M (+6%), operating profit $95.8M (-$15.4M)
- Cash flow: Operating cash flow $331M (down from $370M); Capex $52.6M; Acquisitions $112.7M; Share repurchases $128.6M; Dividends $114M
- 2026 outlook: Capital expenditures $60-$80M; effective tax rate ~25-27%; risk from tariffs, material costs, and automotive aftermarket volume declines
Risk Factors
- Cybersecurity risk oversight by Board Risk Committee with VP of Global Information Security reporting periodic and annual updates
- Key-person dependency on VP of Global Information Security with 20+ years of experience and CISSP certification
- Cybersecurity risk management involves internal staff plus retained external cybersecurity consultants
- Cyber threat monitoring includes intelligence from governmental, public, and private sources plus security tool alerts
Generated from the filing text; verify against the original. How to read a 10-K
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