Filing Flows › LCI Industries (LCII) › Q2 2026 › vs Q2 2025
LCI Industries (LCII) Q2 2026 vs Q2 2025 (year over year)
LCI Industries's revenue fell $139M (-13%) from $1.1B in Q2 2025 to $969M in Q2 2026. The biggest changes: OEM Segment −$165M (-20%); Aftermarket Segment +$26.2M (+10%). Gross margin 31.1% against 24.4% (+6.7 pts).
LCI Industries, Q2 2026: revenue $969M (-12% year over year), operating margin 9.9%, net earnings $67.1M, operating cash flow $204M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.1% | 24.4% | +6.7 pts |
| Operating margin | 9.9% | 7.9% | +2.0 pts |
| Net margin | 6.9% | 5.2% | +1.7 pts |
| Free cash flow margin | 19.1% | 9.0% | +10.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Adjacent industries OEMs | $339M | $336M | $2.4M | +0.7% |
| Travel trailers and fifth-wheels | $282M | $442M | −$160M | -36% |
| Motorhomes | $53.8M | $61.4M | −$7.6M | -12% |
| OEM Segment | $675M | $840M | −$165M | -20% |
| Aftermarket Segment | $294M | $268M | $26.2M | +10% |
| Revenue | $969M | $1.1B | −$139M | -13% |
| Gross profit | $301M | $270M | $31.1M | +12% |
| Cost of revenue | $668M | $837M | −$170M | -20% |
| Operating profit | $96.0M | $87.8M | $8.2M | +9% |
| Operating expenses | $205M | $182M | $23.0M | +13% |
| Pre-tax earnings | $90.2M | $78.1M | $12.1M | +15% |
| Other expense, net | $5.8M | $9.7M | −$3.9M | -40% |
| SG&A | $144M | $128M | $15.9M | +12% |
| Other operating costs | $61.3M | $54.2M | $7.1M | +13% |
| Net earnings | $67.1M | $57.6M | $9.5M | +16% |
| Income tax | $23.1M | $20.5M | $2.6M | +13% |
| Depreciation & amortization | $30.9M | $30.3M | $535K | +2% |
| Share-based compensation | $7.0M | $6.0M | $987K | +16% |
| Working capital & other | $98.7M | $18.2M | $80.4M | +441% |
| Operating cash flow | $204M | $112M | $91.5M | +81% |
| Free cash flow (OCF − capex) | $185M | $99.5M | $85.4M | +86% |
| Capital expenditures | $18.8M | $12.7M | $6.0M | +47% |
Questions
How much did LCI Industries's revenue grow year over year in Q2 2026?
LCI Industries's revenue fell $139M (-13%) from $1.1B in Q2 2025 to $969M in Q2 2026.
What drove LCI Industries's revenue change in Q2 2026?
OEM Segment −$165M (-20%); Aftermarket Segment +$26.2M (+10%).