LNN · Lindsay Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $157.72M | $155.82M | $169.46M | $187.06M | $139.20M | $151.52M | $161.36M | $164.55M | $166.24M | $176.16M |
| Cost of Revenue | $115.37M | $105.72M | $115.84M | $124.58M | $92.70M | $102.56M | $111.45M | $111.33M | $111.98M | $123.14M |
| Gross Profit | $42.35M | $50.10M | $53.62M | $62.49M | $46.50M | $48.95M | $49.91M | $53.22M | $54.26M | $53.02M |
| R&D | $4.08M | $4.64M | $4.71M | $4.16M | $4.29M | $3.89M | $4.35M | $4.52M | $4.52M | $4.31M |
| SG&A | $14.74M | $14.84M | $14.90M | $15.35M | $12.70M | $13.47M | $14.66M | $13.06M | $13.74M | $14.44M |
| Total Operating Expenses | $29.34M | $30.50M | $29.83M | $30.36M | $26.56M | $26.86M | $28.83M | $26.26M | $26.99M | $28.42M |
| D&A | - | $5.31M | - | - | - | - | $5.31M | - | - | $4.87M |
| Operating Income | $13.01M | $19.61M | $23.79M | $32.12M | $19.94M | $22.10M | $21.07M | $26.96M | $27.27M | $24.60M |
| Interest Expense | - | $752.0K | $767.0K | $830.0K | $767.0K | $830.0K | $877.0K | $948.0K | $1.04M | $909.0K |
| Income Tax | $3.52M | $5.36M | $6.21M | $6.64M | ($206.0K) | $4.57M | $5.98M | $8.85M | $7.68M | $5.79M |
| Net Income | $12.04M | $16.52M | $19.50M | $26.58M | $20.38M | $18.12M | $15.02M | $16.88M | $18.05M | $18.22M |
| EPS - Basic | $1.15 | $1.55 | $1.80 | $2.45 | $1.85 | $1.64 | $1.36 | $1.53 | $1.64 | $1.66 |
| EPS - Diluted | $1.15 | $1.54 | $1.78 | $2.44 | $1.85 | $1.64 | $1.36 | $1.53 | $1.63 | $1.65 |
Balance Sheet
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $186.11M | $199.62M | $250.57M | $172.04M | $190.88M | $133.41M | $159.38M | $160.75M | $97.67M | $99.17M |
| Accounts Receivable | $134.06M | $129.01M | $113.03M | $155.44M | $116.60M | $153.62M | $143.05M | $144.77M | $167.01M | $157.12M |
| Inventory | $144.58M | $146.39M | $136.86M | $154.60M | $154.45M | $167.33M | $164.14M | $155.93M | $178.70M | $188.40M |
| Accounts Payable | $55.23M | $57.25M | $48.67M | $57.61M | $37.42M | $47.90M | $52.24M | $44.28M | $53.00M | $58.53M |
| Current Assets | $499.21M | $507.00M | $532.76M | $526.68M | $493.21M | $500.71M | $501.30M | $487.48M | $480.12M | $481.41M |
| Total Assets | $837.68M | $828.40M | $840.84M | $814.18M | $760.23M | $765.28M | $763.92M | $745.66M | $709.08M | $708.30M |
| Current Liabilities | $165.29M | $148.43M | $143.59M | $144.89M | $125.82M | $129.28M | $141.97M | $136.11M | $132.79M | $148.59M |
| Long-term Debt | $114.80M | $114.79M | $114.81M | $114.90M | $114.99M | $115.08M | $115.12M | $115.16M | $115.25M | $115.30M |
| Total Liabilities | $329.92M | $310.24M | $307.99M | $297.77M | $279.34M | $282.25M | $297.06M | $290.01M | $286.81M | $303.51M |
| Stockholders' Equity | $507.76M | $518.16M | $532.85M | $516.42M | $480.89M | $483.03M | $466.86M | $455.65M | $422.27M | $404.79M |
| Retained Earnings | $766.20M | $758.00M | $745.40M | $723.01M | $687.09M | $661.72M | $647.46M | $636.30M | $607.78M | $593.48M |
Cash Flow
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($597.0K) | - | - | - | - | $21.87M | - | - | $4.68M |
| Investing Cash Flow | - | ($15.63M) | - | - | - | - | ($18.20M) | - | - | ($4.18M) |
| Financing Cash Flow | - | ($35.37M) | - | - | - | - | ($5.38M) | - | - | ($6.17M) |
| CapEx | - | $14.48M | - | - | - | - | $6.94M | - | - | $3.80M |
| Free Cash Flow | - | ($15.07M) | - | - | - | - | $14.93M | - | - | $884.0K |
Ratios
| Metric | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.9% | 32.2% | 31.6% | 33.4% | 33.4% | 32.3% | 30.9% | 32.3% | 32.6% | 30.1% |
| Operating margin | 8.3% | 12.6% | 14.0% | 17.2% | 14.3% | 14.6% | 13.1% | 16.4% | 16.4% | 14.0% |
| EBITDA margin | - | 16.0% | - | - | - | - | 16.3% | - | - | 16.7% |
| Net margin | 7.6% | 10.6% | 11.5% | 14.2% | 14.6% | 12.0% | 9.3% | 10.3% | 10.9% | 10.3% |
| Free cash flow margin | - | -9.7% | - | - | - | - | 9.3% | - | - | 0.5% |
| FCF / Net income | - | -0.91 | - | - | - | - | 0.99 | - | - | 0.05 |
| R&D / Revenue | 2.6% | 3.0% | 2.8% | 2.2% | 3.1% | 2.6% | 2.7% | 2.7% | 2.7% | 2.4% |
| SG&A / Revenue | 9.3% | 9.5% | 8.8% | 8.2% | 9.1% | 8.9% | 9.1% | 7.9% | 8.3% | 8.2% |
| Effective tax rate | 22.6% | 24.5% | 24.2% | 20.0% | -1.0% | 20.2% | 28.5% | 34.4% | 29.8% | 24.1% |
| Return on assets | 1.4% | 2.0% | 2.3% | 3.3% | 2.7% | 2.4% | 2.0% | 2.3% | 2.5% | 2.6% |
| Return on equity | 2.4% | 3.2% | 3.7% | 5.1% | 4.2% | 3.8% | 3.2% | 3.7% | 4.3% | 4.5% |
| Return on invested capital | 1.6% | 2.3% | 2.8% | 4.1% | 3.3% | 3.0% | 2.6% | 3.1% | 3.6% | 3.6% |
| Liquidity | ||||||||||
| Current ratio | 3.02 | 3.42 | 3.71 | 3.64 | 3.92 | 3.87 | 3.53 | 3.58 | 3.62 | 3.24 |
| Quick ratio | 2.15 | 2.43 | 2.76 | 2.57 | 2.69 | 2.58 | 2.37 | 2.44 | 2.27 | 1.97 |
| Cash ratio | 1.13 | 1.34 | 1.75 | 1.19 | 1.52 | 1.03 | 1.12 | 1.18 | 0.74 | 0.67 |
| Leverage | ||||||||||
| Debt / Equity | 0.23 | 0.22 | 0.22 | 0.22 | 0.24 | 0.24 | 0.25 | 0.25 | 0.27 | 0.28 |
| Debt / Assets | 0.14 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 |
| Debt / EBITDA | - | 4.61 | - | - | - | - | 4.36 | - | - | 3.91 |
| Interest coverage | - | 26.1x | 31.0x | 38.7x | 26.0x | 26.6x | 24.0x | 28.4x | 26.3x | 27.1x |
| Equity multiplier | 1.65 | 1.60 | 1.58 | 1.58 | 1.58 | 1.58 | 1.64 | 1.64 | 1.68 | 1.75 |
| Liabilities / Assets | 0.39 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.39 | 0.39 | 0.40 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | 0.19 | 0.20 | 0.23 | 0.18 | 0.20 | 0.21 | 0.22 | 0.23 | 0.25 |
| Inventory turnover | 0.80 | 0.72 | 0.85 | 0.81 | 0.60 | 0.61 | 0.68 | 0.71 | 0.63 | 0.65 |
| Days sales outstanding | 310d | 302d | 243d | 303d | 306d | 370d | 324d | 321d | 367d | 326d |
| Days inventory outstanding | 457d | 505d | 431d | 453d | 608d | 595d | 538d | 511d | 582d | 558d |
| Days payable outstanding | 175d | 198d | 153d | 169d | 147d | 170d | 171d | 145d | 173d | 174d |
| Cash conversion cycle | 593d | 610d | 521d | 587d | 767d | 795d | 690d | 687d | 776d | 710d |
| Valuation | ||||||||||
| P / E | 117.1x | 74.6x | 77.1x | 54.1x | 67.1x | 72.7x | 87.7x | 81.1x | 92.3x | 107.0x |
| P / B | 2.8x | 2.4x | 2.8x | 2.8x | 2.8x | 2.7x | 2.8x | 3.0x | 3.9x | 4.8x |
| P / S | 9.0x | 7.9x | 8.9x | 7.7x | 9.8x | 8.7x | 8.2x | 8.3x | 10.0x | 11.1x |
| EV / EBITDA | - | 45.9x | - | - | - | - | 48.3x | - | - | 66.9x |
| Growth | ||||||||||
| Revenue growth (YoY) | -15.7% | -3.4% | 21.7% | 23.5% | -15.4% | -8.9% | -8.4% | -23.2% | -16.9% | 6.0% |
| Revenue CAGR (3y) | -1.7% | -2.1% | -7.5% | -2.2% | -4.9% | 1.8% | 14.1% | 10.2% | 13.5% | 17.2% |
| Revenue CAGR (5y) | 1.9% | 7.3% | 6.6% | 10.5% | 2.8% | 6.8% | 7.6% | -0.6% | 5.0% | 7.2% |
| Gross profit growth (YoY) | -32.2% | 0.4% | 15.3% | 27.6% | -12.6% | -9.8% | -5.9% | -13.7% | 26.3% | 41.6% |
| Operating income growth (YoY) | -59.5% | -7.0% | 19.3% | 45.4% | -26.0% | -19.0% | -14.3% | -23.3% | 48.7% | 84.1% |
| Net income growth (YoY) | -54.7% | 10.0% | -4.3% | 46.6% | 20.7% | 0.4% | -17.6% | -32.7% | 23.9% | 130.6% |
| EPS growth (YoY) | -52.9% | 13.2% | -3.8% | 48.8% | 20.9% | 0.6% | -17.6% | -32.9% | 23.5% | 129.2% |
| EPS CAGR (3y) | -11.0% | 28.8% | -7.9% | 22.7% | 4.7% | 14.9% | 27.9% | 18.1% | 47.3% | 28.9% |
| EPS CAGR (5y) | 1.3% | 14.9% | 13.9% | 36.8% | 46.9% | - | 65.4% | 9.8% | 59.1% | 40.6% |
| FCF growth (YoY) | - | - | - | - | - | - | 1589.0% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -1.7% | 11.0% | 10.8% | 6.9% | 5.5% | 14.4% | 15.3% | 15.8% | 18.4% | 18.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-08-31.
Business segments
$676.37M totalIrrigation$568.00M · 84.0%
Infrastructure$108.37M · 16.0%
Geographic
$568.00M totalInternational$294.16M · 51.8%
US$273.84M · 48.2%
Peer comparison
Same SIC group: Farm Machinery & Equipment
Comparing LINDSAY CORP against the 5 most active filers in the same SIC group.
Dividends
$1.48/share trailing 12 months · +2.8% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $0.3700 |
| Feb 13, 2026 | $0.3700 |
| Nov 14, 2025 | $0.3700 |
| Aug 15, 2025 | $0.3700 |
| May 16, 2025 | $0.3600 |
| Feb 14, 2025 | $0.3600 |
| Nov 15, 2024 | $0.3600 |
| Aug 16, 2024 | $0.3600 |
| May 16, 2024 | $0.3500 |
| Feb 14, 2024 | $0.3500 |
| Nov 15, 2023 | $0.3500 |
| Aug 16, 2023 | $0.3500 |
| May 16, 2023 | $0.3400 |
| Feb 13, 2023 | $0.3400 |
| Nov 15, 2022 | $0.3400 |
| Aug 16, 2022 | $0.3400 |
| May 16, 2022 | $0.3300 |
| Feb 11, 2022 | $0.3300 |
| Nov 15, 2021 | $0.3300 |
| Aug 16, 2021 | $0.3300 |
| May 13, 2021 | $0.3300 |
| Feb 11, 2021 | $0.3200 |
| Nov 13, 2020 | $0.3200 |
| Aug 14, 2020 | $0.3200 |