What is LCI Industries's net debt?

LCI Industries (LCII) reported net debt of $1.09B in Q1 2026.

How has LCI Industries's net debt changed year-over-year?

LCI Industries's net debt increased by 15.8% year-over-year, from $944.34M to $1.09B.

What is the long-term trend for LCI Industries's net debt?

Over 5 years (2020 to 2025), LCI Industries's net debt has grown at a 5.0% compound annual growth rate (CAGR), from $794.57M to $1.01B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

LCI Industries LCII Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$1.1B+4.3%

Gross profit$273.7M+8.7%

Operating income$95.2M+17.0%

Net income$62.9M+27.3%

EPS (diluted)$2.53+30.4%

Balance sheet

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Cash & equivalents$142.2M-38.5%

Total debt$1.2B+5.1%

Total equity$1.4B+1.5%

Total assets$3.2B+3.8%

Cash flow

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Operating cash flow-$33.5M-178%

CapEx$9.7M+7.0%

Free cash flow-$43.1M-228%

Valuation

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Market cap$2.24B+35.4%

Enterprise value$3.33B+29.5%

P/E11.1×+0.5×

P/S0.5×+0.1×

Profitability

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Gross margin24.1%+0.3pp

Operating margin7%+0.7pp

Net margin4.8%+0.8pp

FCF margin4.8%-5.1pp

Returns & leverage

See full

Return on equity14.7%+3.2pp

Debt / equity0.9×0.0×

Current ratio2.9×-0.1×

Where this comes from

Calculated from LCI Industries’s reported figures.

$1.2Btotal debt−$142.2Mcash and equivalents=$1.09B

The official record: LCI Industries’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is LCI Industries's net debt?: LCI Industries (LCII) reported net debt of $1.09B in Q1 2026.
How has LCI Industries's net debt changed year-over-year?: LCI Industries's net debt increased by 15.8% year-over-year, from $944.34M to $1.09B.
What is the long-term trend for LCI Industries's net debt?: Over 5 years (2020 to 2025), LCI Industries's net debt has grown at a 5.0% compound annual growth rate (CAGR), from $794.57M to $1.01B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.