Lindsay Corporation (LNN) Stock

Lindsay Corporation (LNN) is a Industrials stock trading at $113.91 (as of 2026-07-24), with a market capitalization of $1.16B and a trailing P/E of 17.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Lindsay Corporation provides water-management and road-infrastructure products and services through two segments: Irrigation and Infrastructure. In Irrigation, it manufactures and supports irrigation systems, controls, sensors, and related software and services; in Infrastructure, it offers moveable barrier systems used in highway reconstruction and road work, serving customers in the United States and internationally.

Understand Lindsay Corporation: how it makes money

Lindsay Corporation makes and sells water management and road infrastructure products and services, including center pivot and related irrigation systems and controls (Zimmatic, Perrot, Greenfield brands) plus infrastructure solutions, and it earns revenue by manufacturing and marketing these systems and related tools.

Most of the company’s sales come from Irrigation, and the profit model appears to be reinforced by digital connectivity, shown by high Digital Tool Retention (97.0%) and a large installed base of Connected Devices (240000).

Revenue by segment (latest quarter)
Irrigation$0.1B
Infrastructure$0.0B
Other$0.0B

Business quality (Weak): Clear two-segment structure (Irrigation and Infrastructure), with digital engagement metrics pointing to customer stickiness in Irrigation, but smaller and potentially less profitable Infrastructure contribution (Infrastructure Segment Operating Income is 0.0).

Valuation: At 22× earnings, LNN trades 36% below the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • High Digital Tool Retention (97.0%): Supports the idea that customers keep using Lindsay’s irrigation digital tools after deployment.
  • Large Connected Devices base (240000): Indicates an installed base that can underpin ongoing usage of connected irrigation capabilities.
  • Irrigation is the majority of segment revenue (0.14 out of total 0.2B): The company’s results are primarily driven by its core Irrigation product and systems franchise.

Bear case

  • Infrastructure is smaller (Infrastructure Segment Revenue 0.02): Meaningful upside or downside in results is likely to depend more on Irrigation than on Infrastructure.
  • Infrastructure Segment Operating Income is 0.0: Suggests limited current operating contribution from the Infrastructure segment.
  • Project momentum metric is relatively small (Confirmed Project Units in the Middle East 250): Could imply that international project conversion and scaling may take time versus the pace implied by connected-device scale.
Valuation — source: SEC EDGAR (first-party)
Price$113.91
Market Cap$1.16B
P/E Ratio17.8
EV / EBITDA11.3
Price / Book2.32
Price / Sales1.66
FCF Yield3.4%
DCF Value (model)$118.66
DCF Upside vs Price4.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$676.37M
Net Margin10.9%
Revenue Growth (YoY)-5.1%
EPS Growth (YoY)-14.4%
FCF Growth (YoY)-112.0%
Financial Health — source: SEC EDGAR
Altman Z-Score5.34 (safe)
Piotroski F-Score6/9 (moderate)
Valuation vs Sector & Industry
Stock P/E17.8
Sector P/E (Industrials)28.3
Industry P/E (Machinery)33.7
vs Sector-36.9%
vs Industry-47.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($207.07M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryMachinery
CEORandy A. Wood
Employees1,280
CountryUS
IPO Date1988-10-13

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LNN earnings history · LNN institutional & insider holders · LNN KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

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