LCII
Consumer CyclicalLCI Industries · Auto - Recreational Vehicles · $3B
What is LCI Industries?
LCI Industries is a mid-cap manufacturer and supplier of engineered components primarily serving recreational vehicle makers across the United States and internationally. The company operates through two distinct segments: OEM and Aftermarket.
LCI Industries generates revenue by supplying a broad range of engineered parts to RV manufacturers through its OEM segment, and by selling replacement components to dealers, distributors, and service centers through its Aftermarket segment. Beyond RVs, the company also serves adjacent markets including marine, trucking, manufactured housing, and specialty trailers, giving it exposure across several consumer cyclical end markets.
Founded in 1985 and headquartered in Elkhart, Indiana, LCI Industries has grown into one of the largest component suppliers in the RV industry.
- Steel chassis, axles, and suspension systems
- Windows, doors, awnings, and slide-out mechanisms
- Furniture, mattresses, and interior components
- Aftermarket replacement parts and marine accessories
Is LCII a Good Stock to Buy?
UQS Score rates LCII as Below Average overall, reflecting a mixed profile across its five quality pillars.
Valuation stands out as the most favorable pillar, suggesting the stock may be priced attractively relative to its fundamentals. Quality and Growth both register as Neutral, indicating neither a clear drag nor a standout advantage in those areas.
The Moat pillar is rated Weak, pointing to limited competitive differentiation in a component-supply business where switching costs are relatively low.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does LCII pay dividends?
Yes — LCI Industries pays a dividend.
LCI Industries pays a regular dividend, which may appeal to income-oriented investors in the consumer cyclical space. Given the cyclical nature of RV demand, dividend sustainability is worth monitoring alongside free cash flow trends. The company's commitment to returning capital reflects its established market position, though investors should weigh this against the sector's inherent demand volatility.
When does LCII report earnings?
LCI Industries reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Results tend to track closely with RV industry shipment volumes, which are sensitive to consumer confidence and interest rate conditions. The Aftermarket segment provides some revenue stability relative to the more cyclical OEM business.
For the most recent quarter's results, visit LCI Industries' investor relations page directly.
LCII Price History
-2.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in LCI Industries?
Based on LCI Industries's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
LCII Long-term Outlook
With Growth and Risk both rated Neutral, LCII's near-term trajectory appears tied closely to the broader RV market cycle rather than company-specific catalysts. The Attractive Valuation label suggests the market may already be pricing in near-term headwinds. A recovery in consumer discretionary spending and RV demand could support improvement across pillars over time.
Growth drivers
- Recovery in RV industry shipment volumes as consumer sentiment improves
- Expansion into adjacent markets such as marine, manufactured housing, and specialty trailers
- Aftermarket segment providing more resilient, recurring revenue streams
Key risks
- Cyclical exposure to consumer discretionary spending and interest rate sensitivity
- Weak Moat rating signals vulnerability to pricing pressure from competing suppliers
- Concentration risk tied to a relatively narrow customer base in the RV OEM market
LCII vs Peers
LCI Industries operates in the broader powersports and recreational vehicle space alongside several well-known consumer cyclical names.
Harley-Davidson focuses on finished motorcycle products with a strong brand identity, whereas LCII operates upstream as a component supplier with less direct consumer brand exposure.
Polaris manufactures complete powersports vehicles across multiple categories, giving it a broader end-product portfolio compared to LCII's component-focused business model.
BRP competes as a global powersports OEM with its own branded vehicle lines, sitting on the customer side of the supply chain that LCII serves.
Frequently Asked Questions
What does LCI Industries do?
LCI Industries manufactures and supplies engineered components to recreational vehicle makers and adjacent industries. Its products range from chassis and axles to windows, doors, furniture, and awnings. It also sells replacement parts through its Aftermarket segment to dealers and service centers.
Does LCII pay dividends?
Yes, LCI Industries pays a regular dividend. The company has maintained a dividend program that may appeal to income-focused investors, though the cyclical nature of RV demand means investors should monitor cash flow trends when assessing dividend sustainability.
When does LCII report earnings?
LCI Industries follows a standard quarterly earnings cadence for US-listed companies. For the exact schedule and most recent results, check LCI Industries' official investor relations page.
Is LCII a good stock to buy?
UQS Score rates LCII as Below Average overall. The Valuation pillar is Attractive, but the Moat pillar is Weak, and other pillars are Neutral. Whether it fits your portfolio depends on your risk tolerance and view of the RV market cycle. The full pillar breakdown is available to Pro members.
Is LCII overvalued?
Based on the UQS Valuation pillar, LCII is rated Attractive, suggesting the stock may be reasonably priced or even undervalued relative to its fundamentals. This does not guarantee upside, but it does indicate the market is not pricing in significant growth expectations at current levels.
How does LCII compare to its competitors?
Unlike Harley-Davidson, Polaris, or BRP — which manufacture finished consumer vehicles — LCI Industries operates as a component supplier upstream in the value chain. This gives it a different risk and margin profile, with revenue tied more directly to RV production volumes than to end-consumer brand preference.
What is LCII's market cap bracket?
LCI Industries is classified as a mid-cap company. This places it in a range that typically offers more liquidity than small-caps while remaining more nimble than large-cap peers in responding to industry shifts.
Who founded LCI Industries?
LCI Industries was founded in 1985 and is headquartered in Elkhart, Indiana — a city widely regarded as the RV capital of the world. Detailed founding history is publicly available through the company's official corporate resources.
Is LCII a long-term quality indicator?
As a long-term quality indicator, LCII's Below Average UQS Score and Weak Moat rating suggest limited structural advantages that would compound value over time. The Neutral Quality and Growth ratings indicate stability without standout durability. Pro members can view the complete pillar analysis for a deeper perspective.
What sector does LCII belong to?
LCI Industries belongs to the Consumer Cyclical sector. This means its business performance is closely linked to consumer confidence, discretionary spending, and broader economic conditions — all of which influence demand for recreational vehicles and related products.
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Pro Analysis
LCII — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 50.3 | 51.4 | 23.0 | 50.7 | 50.6 | 93.0 | +0.7 |
| May 7, 2026 | 49.6 | 51.3 | 23.0 | 49.6 | 50.9 | 89.5 | +0.1 |
| May 3, 2026 | 49.5 | 51.3 | 23.0 | 49.6 | 50.9 | 89.4 | +0.1 |
| Apr 26, 2026 | 49.4 | 51.3 | 23.0 | 49.6 | 50.9 | 88.6 | 0.0 |
| Apr 22, 2026 | 49.4 | 51.3 | 23.0 | 49.9 | 50.9 | 88.1 | -0.2 |
| Apr 19, 2026 | 49.6 | 51.3 | 23.0 | 50.5 | 50.9 | 88.3 | +0.1 |
| Apr 18, 2026 | 49.5 | 51.3 | 23.0 | 50.5 | 50.9 | 87.8 | -0.8 |
| Apr 14, 2026 | 50.3 | 51.3 | 23.0 | 50.5 | 50.9 | 92.8 | +0.2 |
| Apr 12, 2026 | 50.1 | 51.3 | 23.0 | 50.5 | 50.9 | 91.8 | -0.2 |
| Apr 5, 2026 | 50.3 | 51.3 | 23.0 | 50.5 | 50.9 | 92.9 | 0.0 |
LCII — Pillar Breakdown
Quality
— 51.4/100 (25%)LCI Industries has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 50.7/100 (20%)LCI Industries shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 50.6/100 (15%)LCI Industries has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 92.9/100 (15%)LCI Industries appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 23/100 (25%)LCI Industries operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for LCII.
Score Composition
Financial Data
More Stock Analysis
How is the LCII UQS Score Calculated?
The UQS (Unified Quality Score) for LCI Industries is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses LCI Industries's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether LCI Industries is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.