Filing Flows › LCI Industries (LCII) › Q3 2025
LCI Industries (LCII) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
LCI Industries (LCII) reported revenue of $1.0B for the third quarter 2025 (Q3 2025), +13% from a year earlier and -6% from the quarter before. Operating margin was 7.3%, net earnings $62.5M (6.0% of revenue).
LCI Industries, Q3 2025: revenue $1.0B (+13% year over year), operating margin 7.3%, net earnings $62.5M, operating cash flow $97.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | -6% | +13% |
| Gross profit | $253M | -6% | +15% |
| Operating profit | $75.4M | -14% | +40% |
| Net earnings | $62.5M | +8% | +75% |
| Operating cash flow | $97.2M | -13% | +24% |
| Free cash flow | $80.9M | -19% | +18% |
What changed
Revenue was $1.0B in Q3 2025, up 13% year over year and down 6% from the previous quarter. Travel trailers and fifth-wheels was the largest line at 40% of revenue. Adjacent industries OEMs added $0.06B year over year (up 22%), 48% of the total change.
Gross margin was 24.4%, up 0.3 points from a year earlier. Operating profit was $0.08B, a 7.3% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 18% reached operating profit, above the 6% margin then. Operating expenses grew 7% against revenue growth of 13%. Net earnings were $0.06B, up 75% year over year. The effective tax rate was 25.6%.
Operating cash flow was $0.10B (up 24% year over year), 155% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.08B.
Questions
What was LCI Industries' revenue in the third quarter 2025?
LCI Industries (LCII) reported revenue of $1.0B for the third quarter 2025 (Q3 2025), +13% from a year earlier and -6% from the quarter before.
Was LCI Industries profitable in the third quarter 2025?
Operating profit was $75.4M (7.3% of revenue) and net earnings $62.5M.
Source: LCI Industries 10-Q on SEC EDGAR.