Filing Flows › LCI Industries (LCII) › Q3 2026 › vs Q3 2025
LCI Industries (LCII) Q3 2026 vs Q3 2025 (year over year)
LCI Industries's revenue fell $44.0M (-4%) from $1.0B in Q3 2025 to $992M in Q3 2026. The biggest changes: OEM Segment −$57.7M (-7%); Aftermarket Segment +$13.7M (+6%). Gross margin 26.6% against 24.4% (+2.2 pts).
LCI Industries, Q3 2026: revenue $992M (-4% year over year), operating margin 7.6%, net earnings $50.1M, operating cash flow $67.1M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 26.6% | 24.4% | +2.2 pts |
| Operating margin | 7.6% | 7.3% | +0.3 pts |
| Net margin | 5.0% | 6.0% | -1.0 pts |
| Free cash flow margin | 5.4% | 7.8% | -2.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Adjacent industries OEMs | $342M | $320M | $22.5M | +7% |
| Travel trailers and fifth-wheels | $338M | $412M | −$74.6M | -18% |
| Motorhomes | $52.0M | $57.6M | −$5.6M | -10% |
| OEM Segment | $732M | $790M | −$57.7M | -7% |
| Aftermarket Segment | $260M | $246M | $13.7M | +6% |
| Revenue | $992M | $1.0B | −$44.0M | -4% |
| Gross profit | $264M | $253M | $11.2M | +4% |
| Cost of revenue | $729M | $784M | −$55.2M | -7% |
| Operating profit | $75.0M | $75.4M | −$424K | -0.6% |
| Operating expenses | $189M | $177M | $11.6M | +7% |
| Pre-tax earnings | $68.3M | $84.0M | −$15.7M | -19% |
| Other expense, net | $6.7M | −$8.6M | $15.3M | — |
| SG&A | $129M | $128M | $1.8M | +1% |
| Other operating costs | $59.5M | $49.6M | $9.8M | +20% |
| Net earnings | $50.1M | $62.5M | −$12.4M | -20% |
| Income tax | $18.2M | $21.5M | −$3.3M | -15% |
| Depreciation & amortization | $28.9M | $30.5M | −$1.5M | -5% |
| Share-based compensation | $4.7M | $5.9M | −$1.2M | -20% |
| Working capital & other | $16.7M | $1.7M | $15.0M | +865% |
| Operating cash flow | $67.1M | $97.2M | −$30.1M | -31% |
| Free cash flow (OCF − capex) | $53.6M | $80.9M | −$27.3M | -34% |
| Capital expenditures | $13.4M | $16.3M | −$2.9M | -18% |
Questions
How much did LCI Industries's revenue grow year over year in Q3 2026?
LCI Industries's revenue fell $44.0M (-4%) from $1.0B in Q3 2025 to $992M in Q3 2026.
What drove LCI Industries's revenue change in Q3 2026?
OEM Segment −$57.7M (-7%); Aftermarket Segment +$13.7M (+6%).