Filing Flows › Lindsay (LNN) › How it makes money
How Lindsay (LNN) makes money
Lindsay (LNN) made $162M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Irrigation brought in $134M (83%); Infrastructure brought in $27.8M (17%). Of every dollar of revenue, 27¢ was left as gross profit, 10¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q4 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Irrigation | $134M | 82.8% | +0.5% | — |
| Infrastructure | $27.8M | 17.2% | +0.3% | — |
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $162M | 100.0% |
| Cost of revenue | $118M | 73.1% |
| Gross profit | $43.5M | 26.9% |
| Operating expenses | $27.7M | 17.1% |
| Operating profit | $15.8M | 9.8% |
| Income tax | $6.0M | 3.7% |
| Net earnings | $11.3M | 7.0% |
| Operating cash flow | $44.3M | 27.4% |
| Free cash flow | $39.6M | 24.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $162M | +5% |
| Q3 FY26 | $161M | -5% |
| Q2 FY26 | $158M | -16% |
| Q1 FY26 | $156M | -6% |
| Q4 FY25 | $154M | -0.9% |
| Q3 FY25 | $169M | +22% |
| Q2 FY25 | $187M | +24% |
From Lindsay's 10-K filed Oct 22, 2026 (on EDGAR).
Questions
How does Lindsay make money?
Lindsay (LNN) made $162M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Irrigation brought in $134M (83%); Infrastructure brought in $27.8M (17%). Of every dollar of revenue, 27¢ was left as gross profit, 10¢ was left as operating profit, 7¢ was left as net earnings.
What is Lindsay's biggest business?
Irrigation: $134M in the fourth quarter fiscal 2026, 83% of revenue.
What is Lindsay's profit margin?
Net earnings were $11.3M, 7.0% of revenue, in the fourth quarter fiscal 2026; the operating margin was 9.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.