LCI Industries (LCII) - Net Assets
Based on the latest financial reports, LCI Industries (LCII) has net assets worth $1.36 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.17 Billion) and total liabilities ($1.81 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are LCI Industries's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.36 Billion |
| % of Total Assets | 42.97% |
| Annual Growth Rate | 10.8% |
| 5-Year Change | 52.69% |
| 10-Year Change | 216.23% |
| Growth Volatility | 31.64 |
LCI Industries - Net Assets Trend (1985–2024)
This chart illustrates how LCI Industries's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of LCI Industries for the complete picture of this company's asset base.
Annual Net Assets for LCI Industries (1985–2024)
The table below shows the annual net assets of LCI Industries from 1985 to 2024. For live valuation and market cap data, see LCII market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.39 Billion | +2.35% |
| 2023-12-31 | $1.36 Billion | -1.88% |
| 2022-12-31 | $1.38 Billion | +26.36% |
| 2021-12-31 | $1.09 Billion | +20.32% |
| 2020-12-31 | $908.33 Million | +13.45% |
| 2019-12-31 | $800.67 Million | +13.37% |
| 2018-12-31 | $706.25 Million | +8.20% |
| 2017-12-31 | $652.75 Million | +18.62% |
| 2016-12-31 | $550.27 Million | +25.47% |
| 2015-12-31 | $438.57 Million | +11.06% |
| 2014-12-31 | $394.90 Million | +25.92% |
| 2013-12-31 | $313.61 Million | +10.33% |
| 2012-12-31 | $284.25 Million | +2.51% |
| 2011-12-31 | $277.30 Million | +13.90% |
| 2010-12-31 | $243.46 Million | -0.27% |
| 2009-12-31 | $244.12 Million | -5.70% |
| 2008-12-31 | $258.88 Million | +2.92% |
| 2007-12-31 | $251.54 Million | +22.77% |
| 2006-12-31 | $204.89 Million | +22.17% |
| 2005-12-31 | $167.71 Million | +37.42% |
| 2004-12-31 | $122.04 Million | +30.32% |
| 2003-12-31 | $93.65 Million | +33.59% |
| 2002-12-31 | $70.10 Million | -13.68% |
| 2001-12-31 | $81.21 Million | +12.54% |
| 2000-12-31 | $72.16 Million | -14.19% |
| 1999-12-31 | $84.10 Million | +22.24% |
| 1998-12-31 | $68.80 Million | +32.31% |
| 1997-12-31 | $52.00 Million | +49.43% |
| 1996-12-31 | $34.80 Million | +117.50% |
| 1995-12-31 | $16.00 Million | +97.53% |
| 1994-12-31 | $8.10 Million | -63.84% |
| 1993-12-31 | $22.40 Million | +41.77% |
| 1992-12-31 | $15.80 Million | +51.92% |
| 1991-12-31 | $10.40 Million | +19.54% |
| 1990-12-31 | $8.70 Million | -60.81% |
| 1989-12-31 | $22.20 Million | -6.33% |
| 1988-12-31 | $23.70 Million | +0.85% |
| 1987-12-31 | $23.50 Million | -1.26% |
| 1986-12-31 | $23.80 Million | -6.30% |
| 1985-12-31 | $25.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LCI Industries's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 121249600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.21 Billion | 87.11% |
| Common Stock | $288.00K | 0.02% |
| Other Comprehensive Income | $3.23 Million | 0.23% |
| Other Components | $175.27 Million | 12.64% |
| Total Equity | $1.39 Billion | 100.00% |
LCI Industries Competitors by Market Cap
The table below lists competitors of LCI Industries ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yantai Eddie Precision Mach
SHG:603638
|
$2.83 Billion |
|
Seabridge Gold Inc.
TO:SEA
|
$2.83 Billion |
|
Global Business Travel Group Inc
NYSE:GBTG
|
$2.83 Billion |
|
Hypera S.A
SA:HYPE3
|
$2.83 Billion |
|
Guangzhou Haozhi Industrial Co Ltd
SHE:300503
|
$2.83 Billion |
|
Hellenic Petroleum S.A
AT:ELPE
|
$2.82 Billion |
|
Curbline Properties Corp.
NYSE:CURB
|
$2.82 Billion |
|
The Cheesecake Factory
NASDAQ:CAKE
|
$2.82 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LCI Industries's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,355,036,000 to 1,386,886,000, a change of 31,850,000 (2.4%).
- Net income of 142,867,000 contributed positively to equity growth.
- Dividend payments of 109,471,000 reduced retained earnings.
- Share repurchases of 9,159,000 reduced equity.
- Other comprehensive income decreased equity by 11,040,000.
- Other factors increased equity by 18,653,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $142.87 Million | +10.3% |
| Dividends Paid | $109.47 Million | -7.89% |
| Share Repurchases | $9.16 Million | -0.66% |
| Other Comprehensive Income | $-11.04 Million | -0.8% |
| Other Changes | $18.65 Million | +1.34% |
| Total Change | $- | 2.35% |
Book Value vs Market Value Analysis
This analysis compares LCI Industries's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 73.57x to 2.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.59 | $116.79 | x |
| 1986-12-31 | $1.37 | $116.79 | x |
| 1987-12-31 | $1.18 | $116.79 | x |
| 1988-12-31 | $1.26 | $116.79 | x |
| 1989-12-31 | $1.20 | $116.79 | x |
| 1990-12-31 | $0.47 | $116.79 | x |
| 1991-12-31 | $0.58 | $116.79 | x |
| 1992-12-31 | $0.84 | $116.79 | x |
| 1993-12-31 | $1.14 | $116.79 | x |
| 1994-12-31 | $0.45 | $116.79 | x |
| 1995-12-31 | $0.81 | $116.79 | x |
| 1996-12-31 | $1.50 | $116.79 | x |
| 1997-12-31 | $2.58 | $116.79 | x |
| 1998-12-31 | $3.03 | $116.79 | x |
| 1999-12-31 | $3.69 | $116.79 | x |
| 2000-12-31 | $3.50 | $116.79 | x |
| 2001-12-31 | $4.18 | $116.79 | x |
| 2002-12-31 | $3.51 | $116.79 | x |
| 2003-12-31 | $4.53 | $116.79 | x |
| 2004-12-31 | $5.74 | $116.79 | x |
| 2005-12-31 | $7.79 | $116.79 | x |
| 2006-12-31 | $9.38 | $116.79 | x |
| 2007-12-31 | $11.39 | $116.79 | x |
| 2008-12-31 | $11.81 | $116.79 | x |
| 2009-12-31 | $11.19 | $116.79 | x |
| 2010-12-31 | $10.93 | $116.79 | x |
| 2011-12-31 | $12.36 | $116.79 | x |
| 2012-12-31 | $12.45 | $116.79 | x |
| 2013-12-31 | $13.20 | $116.79 | x |
| 2014-12-31 | $16.23 | $116.79 | x |
| 2015-12-31 | $17.79 | $116.79 | x |
| 2016-12-31 | $22.07 | $116.79 | x |
| 2017-12-31 | $25.72 | $116.79 | x |
| 2018-12-31 | $27.74 | $116.79 | x |
| 2019-12-31 | $31.91 | $116.79 | x |
| 2020-12-31 | $35.97 | $116.79 | x |
| 2021-12-31 | $42.98 | $116.79 | x |
| 2022-12-31 | $54.13 | $116.79 | x |
| 2023-12-31 | $53.27 | $116.79 | x |
| 2024-12-31 | $54.37 | $116.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LCI Industries utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.82%
- • Asset Turnover: 1.29x
- • Equity Multiplier: 2.09x
- Recent ROE (10.30%) is below the historical average (11.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 3.15% | 1.50% | 0.97x | 2.16x | $-1.74 Million |
| 1986 | -5.46% | -1.79% | 1.51x | 2.02x | $-3.68 Million |
| 1987 | 6.38% | 1.70% | 1.36x | 2.74x | $-850.00K |
| 1988 | 7.59% | 1.82% | 1.65x | 2.52x | $-570.00K |
| 1989 | -5.86% | -1.06% | 1.81x | 3.06x | $-3.52 Million |
| 1990 | -154.02% | -14.53% | 1.99x | 5.33x | $-14.27 Million |
| 1991 | 16.35% | 1.84% | 2.31x | 3.86x | $660.00K |
| 1992 | 10.13% | 4.31% | 0.85x | 2.75x | $20.00K |
| 1993 | 25.00% | 4.28% | 2.42x | 2.41x | $3.36 Million |
| 1994 | 67.90% | 6.63% | 3.76x | 2.73x | $4.69 Million |
| 1995 | 48.75% | 7.79% | 3.55x | 1.76x | $6.20 Million |
| 1996 | 38.51% | 7.97% | 3.04x | 1.59x | $9.92 Million |
| 1997 | 23.08% | 5.76% | 1.60x | 2.51x | $6.80 Million |
| 1998 | 22.09% | 4.60% | 2.14x | 2.24x | $8.32 Million |
| 1999 | 20.45% | 5.30% | 2.08x | 1.85x | $8.79 Million |
| 2000 | 2.14% | 0.54% | 1.81x | 2.21x | $-5.67 Million |
| 2001 | 11.00% | 3.32% | 1.72x | 1.93x | $813.00K |
| 2002 | -20.82% | -4.49% | 2.24x | 2.07x | $-21.61 Million |
| 2003 | 20.74% | 5.50% | 2.21x | 1.71x | $10.06 Million |
| 2004 | 20.57% | 4.73% | 2.23x | 1.95x | $12.90 Million |
| 2005 | 20.04% | 5.02% | 2.18x | 1.83x | $16.83 Million |
| 2006 | 15.14% | 4.25% | 2.34x | 1.52x | $10.53 Million |
| 2007 | 15.81% | 5.95% | 1.93x | 1.37x | $14.61 Million |
| 2008 | 4.51% | 2.29% | 1.64x | 1.20x | $-14.21 Million |
| 2009 | -9.85% | -6.05% | 1.38x | 1.18x | $-48.46 Million |
| 2010 | 11.51% | 4.89% | 1.87x | 1.26x | $3.69 Million |
| 2011 | 10.84% | 4.41% | 1.94x | 1.27x | $2.33 Million |
| 2012 | 13.14% | 4.14% | 2.41x | 1.32x | $8.92 Million |
| 2013 | 15.98% | 4.94% | 2.24x | 1.45x | $18.76 Million |
| 2014 | 15.77% | 5.23% | 2.19x | 1.38x | $22.78 Million |
| 2015 | 16.95% | 5.30% | 2.25x | 1.42x | $30.49 Million |
| 2016 | 23.57% | 7.72% | 2.14x | 1.43x | $74.64 Million |
| 2017 | 20.36% | 6.19% | 2.27x | 1.45x | $67.61 Million |
| 2018 | 21.03% | 6.00% | 1.99x | 1.76x | $77.93 Million |
| 2019 | 18.30% | 6.18% | 1.27x | 2.33x | $66.44 Million |
| 2020 | 17.44% | 5.67% | 1.22x | 2.53x | $67.61 Million |
| 2021 | 26.33% | 6.43% | 1.36x | 3.01x | $178.45 Million |
| 2022 | 28.60% | 7.59% | 1.60x | 2.35x | $256.87 Million |
| 2023 | 4.74% | 1.70% | 1.28x | 2.18x | $-71.31 Million |
| 2024 | 10.30% | 3.82% | 1.29x | 2.09x | $4.18 Million |
Industry Comparison
This section compares LCI Industries's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $630,176,616
- Average return on equity (ROE) among peers: 14.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LCI Industries (LCII) | $1.36 Billion | 3.15% | 1.33x | $2.83 Billion |
| Brunswick Corporation (BC) | $1.31 Billion | 11.44% | 1.46x | $5.17 Billion |
| BRP Inc. (DOO) | $813.90 Million | 91.34% | 7.32x | $2.03 Billion |
| EZGO Technologies Ltd (EZGO) | $33.54 Million | -19.27% | 0.42x | $27.15 Million |
| Forza X1 Inc (FRZA) | $1.54 Million | -34.59% | 0.45x | $3.15 Million |
| Harley-Davidson Inc (HOG) | $2.96 Billion | 25.73% | 0.66x | $2.68 Billion |
| Kandi Technologies Group Inc (KNDI) | $18.43 Million | 26.71% | 2.78x | $60.30 Million |
| Massimo Group Common Stock (MAMO) | $21.70 Million | 8.12% | 1.53x | $41.64 Million |
| Malibu Boats Inc (MBUU) | $513.57 Million | 21.39% | 0.66x | $478.27 Million |
| MCBC Holdings Inc (MCFT) | $-3.79 Million | 0.00% | 0.00x | $381.72 Million |
About LCI Industries
LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures and distributes a range of engineered components, such as steel c… Read more