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LSI Industries Inc.(LYTS)Earnings, Financials & Key Ratios
LYTS•NASDAQ
$24.91
31.5× P/E·Price updated Jul 7, 2026
AboutLSI Industries Inc. manufactures and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates in two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting solutions. It also offers lighting control products, including sensors, photocontrols, dimmers, motion detection, and Bluetooth systems to support lighting fixtures; and designs, engineers, and manufactures electronic circuit boards, assemblies, and sub-assemblies. The Display Solutions segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed and structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements. Its products comprise signage and canopy graphics, pump dispenser graphics, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, and refrigerated and non-refrigerated merchandising displays. This segment also implements, installs, and provides program management services, such as installation management, site surveys, permitting, and content management; and manages and executes the implementation of large rollout programs. It serves petroleum/convenience, parking lot and garage, quick-service restaurant, retail and grocery store, automotive, warehouse, and sports complex markets. The company was founded in 1976 and is headquartered in Cincinnati, Ohio.Show more
- Revenue$573M+22.1%
- EBITDA$48M+6.2%
- Net Income$24M-2.4%
- EPS (Diluted)0.79-4.8%
- Gross Margin24.73%-12.8%
- EBITDA Margin8.43%-13.0%
- Operating Margin6.24%-17.5%
- Net Margin4.25%-20.0%
- ROE11.21%-14.3%
LYTS Price & Volume
LSI Industries Inc. (LYTS) stock price & volume — 10-year historical chart
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Aggressive Acquisition Strategy Pressures Operating Margin Stability
Investment Thesis • Updated 2026Q3
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Acquisition-led leverage expansion
Key Thesis Takeaways
- LSI Industries is currently navigating a transformative period characterized by a pivot toward aggressive inorganic growth, as evidenced by a $331.7 million net acquisition outflow in 2026Q3.
- While the company has historically maintained a conservative capital structure, the recent surge in debt-to-equity to 0.58 and the compression of gross margins to 24.5% suggest significant integration risks.
- Investors should monitor whether the company can stabilize its erratic net income, which fell from $8.2 million in 2025Q4 to $2.1 million in 2026Q3, while managing the increased leverage profile.
Verdict Logic
while the company is expanding its asset base to $800.5 million, the current P/E of 33.62 appears high given the recent volatility in earnings and the significant increase in financial leverage.
LYTS Growth Metrics
LSI Industries Inc. (LYTS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.42%
5 Years13.41%
3 Years8%
TTM5.57%
Profit CAGR
10 Years16.82%
5 Years20.51%
3 Years17.5%
TTM-27.02%
EPS CAGR
10 Years14.17%
5 Years17.02%
3 Years13.52%
TTM-29.92%
Return on Capital
10 Years6.13%
5 Years11.48%
3 Years14.48%
Last Year12.58%
LYTS Recent Earnings
LSI Industries Inc. (LYTS) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.06-50.0%
$0.12
Rev
$151M+8.5%
$139M
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$0.20+17.6%
$0.17
Rev
$147M+5.5%
$139M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.23+4.5%
$0.22
Rev
$157M+12.0%
$140M
Q3 2025
Aug 21, 2025Metric
Actual
Est
EPS
$0.26+52.9%
$0.17
Rev
$155M+3.6%
$150M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.06vs $0.12-50.0% | $151Mvs $139M+8.5% |
| Q1 2026 | Jan 22, 2026 | $0.20vs $0.17+17.6% | $147Mvs $139M+5.5% |
| Q4 2025 | Nov 6, 2025 | $0.23vs $0.22+4.5% | $157Mvs $140M+12.0% |
| Q3 2025 | Aug 21, 2025 | $0.26vs $0.17+52.9% | $155Mvs $150M+3.6% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for LSI Industries Inc. (LYTS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $24.91 | $806.76M | 31.53 | 22.09% | 4.25% | 11.21% | 0.78% | |
| $4.06 | $374.57M | 9.23 | -8.49% | 4.76% | 11.26% | — | |
| $38.97 | $813.24M | 15.46 | 3.21% | 4.88% | 13.43% | — | |
| $29.18 | $567.06M | 13.90 | 22.39% | 6.16% | 11.72% | — | |
| $16.60 | $762.4M | -3.06 | 43.81% | -13.85% | -35.45% | — | |
| $478.89 | $25.46B | 28.95 | 3.84% | 15.1% | 24.38% | — |
Compare LYTS vs Peers
LSI Industries Inc. (LYTS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LYTS SEC Filings & Documents
LSI Industries Inc. (LYTS) SEC filings — annual & quarterly reports (10-K, 10-Q)
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LYTS Frequently Asked Questions
LSI Industries Inc. (LYTS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is LSI Industries Inc.'s revenue?
LSI Industries Inc. (LYTS) reported $605.3M in revenue for fiscal year 2025. This represents a 296% increase from $152.7M in 1996.
How fast is LSI Industries Inc. growing?
LSI Industries Inc. (LYTS) grew revenue by 22.1% over the past year. This is strong growth.
Is LYTS profitable?
Yes, LSI Industries Inc. (LYTS) is profitable, generating $17.8M in net income for fiscal year 2025 (4.3% net margin).
Dividend & Returns
Does LYTS pay dividends?
Yes, LSI Industries Inc. (LYTS) pays a dividend with a yield of 0.78%. This makes it attractive for income-focused investors.
What is LYTS's return on equity?
LSI Industries Inc. (LYTS) has a return on equity (ROE) of 11.2%. This is reasonable for most industries.
What is LSI Industries Inc.'s free cash flow?
LSI Industries Inc. (LYTS) generated $35.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.