LCI Industries (LCII) Stock

LCI Industries (LCII) is a Consumer Discretionary stock trading at $105.33 (as of 2026-08-20), with a market capitalization of $2.56B and a trailing P/E of 10.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel chassis and related components; axles and suspension solutions; slide-out mechanisms and solutions; thermoformed bath, kitchen, and other products; vinyl, aluminum, and frameless windows; manual, electric, and hydraulic stabilizer and leveling systems; entry, luggage, patio, and ramp doors; furniture and mattresses; electric and manual entry steps; awnings and awning accessories; towing products; truck accessories; electronic components; appliances; air conditioners; televisions and sound systems; and other accessories. This segment serves OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing, as well as travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers. The Aftermarket segment supplies various components of RV and adjacent industries to retail dealers, wholesale distributors, and service centers. This segment also sells replacement glass and awnings to fulfill insurance claims; and biminis, covers, buoys, and fenders to the marine industry. The company was formerly known as Drew Industries Incorporated and changed its name to LCI Industries in December 2016. LCI Industries was incorporated in 1984 and is based in Elkhart, Indiana.

Understand LCI Industries: how it makes money

LCI Industries manufactures and supplies engineered components for recreational vehicle (RV) manufacturers, and also sells aftermarket products, earning revenue through OEM component distribution and aftermarket sales.

LCI's profit is primarily driven by OEM engineered component sales to RV manufacturers, with a smaller contribution from its Aftermarket segment.

Revenue by segment (latest quarter)
OEM$0.8B
Aftermarket$0.2B

Business quality (Mixed): Two clearly defined segments (OEM and Aftermarket) with provided segment operating profit figures, and a profit model that appears to be weighted toward OEM, while international revenue appears comparatively small.

Valuation: At 12× earnings, LCII trades 42% below the Automobiles & Trucks average (20×). Note: one-time items can distort reported P/E.

Bull case

  • Clear OEM focus in both sales and profitability: OEM segment net sales are reported at 0.85B and OEM segment operating profit at 0.03B, indicating the core earnings engine comes from supplying RV OEMs.
  • Aftermarket provides an additional revenue and profit stream: Aftermarket revenue is reported at 0.22B and Aftermarket segment operating profit at 0.01B, giving the company a second stream beyond OEM.
  • Product breadth within engineered RV components: The OEM segment includes multiple engineered component categories (examples include steel chassis and related components, axles and suspension solutions, slide-out mechanisms, and windows).

Bear case

  • Results may be more exposed to OEM volume swings than to Aftermarket: With OEM net sales reported at 0.85B versus Aftermarket revenue of 0.22B, a larger portion of company revenue comes from OEM.
  • International scale appears limited based on reported revenue candidates: International revenue is shown at 0.09B, which suggests less diversification across geographies relative to the overall business.
  • Operating profit contribution from Aftermarket is smaller: Aftermarket segment operating profit is reported at 0.01B, so swings in that segment may have a limited offset versus OEM.
Valuation — source: SEC EDGAR (first-party)
Price$105.33
Market Cap$2.56B
P/E Ratio10.0
EV / EBITDA5.6
Price / Book1.79
Price / Sales0.61
FCF Yield10.5%
DCF Value (model)$91.00
DCF Upside vs Price-13.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$4.12B
Net Margin4.6%
Revenue Growth (YoY)10.2%
EPS Growth (YoY)35.3%
FCF Growth (YoY)-15.1%
Financial Health — source: SEC EDGAR
Altman Z-Score3.33 (safe)
Piotroski F-Score8/9 (strong)
Valuation vs Sector & Industry
Stock P/E10.0
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Automobiles & Trucks)17.2
vs Sector-51.1%
vs Industry-41.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($436.04M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryAutomobiles & Trucks
CEOJason D. Lippert
Employees11,500
CountryUS
IPO Date1985-05-29

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LCII earnings history · LCII institutional & insider holders · LCII KPIs & operating metrics · LCII financials · LCII investor presentations & press releases · LCII SEC filings · LCII peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.