LNN Industrials

Lindsay Corporation

$107.37-2.16%

Price as of close on Nov 3, 2026 · Financials updated Oct 9, 2026

Basics

Sector: Industrials
Industry: Farm & Heavy Construction Machinery
Country: United States
Market cap: 1.1B USD
Enterprise value: 1.1B USD
Full-time employees: 1,275

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: lower risk than most peers: more short-term liquiditylower risk: more liquidity
Drawback: growing more slowly than most peersgrowing more slowly than peers
About average: valuation

Ranks #913 of 2,308 industrials companies (top 40%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $21M vs $34M spent repurchasing shares over the 3 fiscal years to FY Aug 2025.
Over three fiscal years Lindsay recorded $21M of stock-based pay expense and spent $34M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Lindsay recorded $21M of stock-based pay expense and spent $34M repurchasing shares.
Investment surge. Capital spending 6.3% of revenue, up from 2.0% in FY Aug 2022.
Lindsay is spending 6.3% of revenue on facilities and equipment, up from 2.0% in FY Aug 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Revenue is falling. Revenue fell 7.4% in the 12 months to May 2026 vs the 12 months before.
Lindsay's revenue fell 7.4% in the 12 months to May 2026 vs the 12 months before.

StockQuotient Score

56/ 100

Oct 5 55 → Nov 4 56 (+1)

Valuation

Is the price right?

56/100

Moderate▼ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 58 → 56

Share price +3.2%-2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield5.1%

SEC filings · 12 months to May 2026Reported value30% base weight · Z-score 0.44Sector median: 0.0377 · MAD: 0.0294

EBITDA yield8.0%

SEC filings · 12 months to May 2026Reported value50% base weight · Z-score 0.26Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield4.1%

SEC filings · 12 months to May 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.11Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield45.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

18/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Revenue growth
▼ 3-yr revenue
▼ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-22.4%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score -1.19Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth-3.4%

SEC filings · 3 years to May 2026Reported value33% base weight · Z-score -1.22Sector median: 0.0421 · MAD: 0.0625

Revenue growth-7.4%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score -1.54Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

68/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin9.9%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score 0.44Sector median: 0.0773 · MAD: 0.0507

Return on assets6.7%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score 1.50Sector median: 0.0311 · MAD: 0.0241

Return on invested capital10.7%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score 0.64Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin29.5%

SEC filings · 12 months to May 2026Reported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity11.1%

SEC filings · 12 months to May 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.68

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.15Sector median: 0.6440 · MAD: 0.2745

Current ratio2.93×

SEC filings · latest balance sheetReported value33% base weight · Z-score 2.46Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.23×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.51Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Lindsay

Is Lindsay getting weaker?: Its latest SEC filing (Jul 2, 2026) showed no major changes. Its overall score is unchanged at 56/100 since Oct 28, 2026.
How is Lindsay valued vs its peers?: Priced about in line with its peers. Valuation scores 56/100 against 2,459 industrials peers. Earnings yield 5.1% vs a peer median of 3.8% (stronger than 62% of peers).Earnings yield 5.1% vs peers 3.8% (stronger than 62% of peers).
Is Lindsay growing?: More slowly than most of its peers. Growth scores 18/100 against 2,459 industrials peers. Revenue growth -7.4% vs a peer median of 4.4% (weaker than 82% of peers).Revenue growth -7.4% vs peers 4.4% (weaker than 82% of peers).
How profitable is Lindsay?: More profitable than most of its peers. Profitability scores 68/100 against 2,459 industrials peers. Return on assets 6.7% vs a peer median of 3.1% (stronger than 82% of peers).Return on assets 6.7% vs peers 3.1% (stronger than 82% of peers).
How risky is Lindsay?: Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.93× vs a peer median of 1.62× (stronger than 83% of peers).Current ratio 2.93× vs peers 1.62× (stronger than 83% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended May 31, 2026 · filed Jul 2, 2026 · compared with the quarter ended Feb 28, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	636.6M USD	627.9M USD	−1.4%
Net income (12 months)	58.9M USD	55.2M USD	−6.2%
Operating margin	10.6%	9.9%	−0.7 pts
Free cash flow (12 months)	72.0M USD	44.9M USD	−37.6%
Debt	115.1M USD	115.1M USD	−0.1%
Cash	186.1M USD	154.8M USD	−16.8%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Industrials · 318 companies

Valuations in Industrials are near the top of their range since 2016.

85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.

2016Shaded: most expensive fifth of its range2026

Shown for Industrials: too few Farm & Heavy Construction Machinery companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Aug 2021	FY Aug 2022	FY Aug 2023	FY Aug 2024	FY Aug 2025	Change
Gross margin	26.5%	25.8%	31.6%	31.5%	31.2%	▼ 0.3 pts
Operating margin	9.5%	12.3%	15.2%	12.6%	13.0%	▲ 0.4 pts
Net margin	7.5%	8.5%	10.7%	10.9%	10.9%	▲ 0.0 pts
Return on assets (ROA)	6.7%	9.2%	9.7%	8.7%	8.8%	▲ 0.1 pts
Return on equity (ROE)	12.6%	16.6%	15.9%	13.8%	13.9%	▲ 0.1 pts
Free cash flow margin	3.1%	-1.6%	15.0%	11.0%	13.4%	▲ 2.4 pts
Current ratio	3.01×	2.96×	3.58×	3.92×	3.71×	▼ 5.4%
Quick ratio	1.96×	1.76×	2.44×	2.69×	2.76×	▲ 2.4%
Debt to equity	0.34×	0.29×	0.25×	0.24×	0.22×	▼ 9.9%
Interest coverage	11.39×	22.17×	26.98×	23.69×	48.08×	▲ 103%

LNN price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: lower risk than most peers: more short-term liquiditylower risk: more liquidity

Drawback: growing more slowly than most peersgrowing more slowly than peers

About average: valuation

Ranks #913 of 2,308 industrials companies (top 40%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $21M vs $34M spent repurchasing shares over the 3 fiscal years to FY Aug 2025.

Over three fiscal years Lindsay recorded $21M of stock-based pay expense and spent $34M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Lindsay recorded $21M of stock-based pay expense and spent $34M repurchasing shares.

Investment surge. Capital spending 6.3% of revenue, up from 2.0% in FY Aug 2022.

Lindsay is spending 6.3% of revenue on facilities and equipment, up from 2.0% in FY Aug 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Revenue is falling. Revenue fell 7.4% in the 12 months to May 2026 vs the 12 months before.

Lindsay's revenue fell 7.4% in the 12 months to May 2026 vs the 12 months before.

Questions investors ask about Lindsay

Is Lindsay getting weaker?

Its latest SEC filing (Jul 2, 2026) showed no major changes. Its overall score is unchanged at 56/100 since Oct 28, 2026.

How is Lindsay valued vs its peers?

Priced about in line with its peers. Valuation scores 56/100 against 2,459 industrials peers. Earnings yield 5.1% vs a peer median of 3.8% (stronger than 62% of peers).Earnings yield 5.1% vs peers 3.8% (stronger than 62% of peers).

Is Lindsay growing?

More slowly than most of its peers. Growth scores 18/100 against 2,459 industrials peers. Revenue growth -7.4% vs a peer median of 4.4% (weaker than 82% of peers).Revenue growth -7.4% vs peers 4.4% (weaker than 82% of peers).

How profitable is Lindsay?

More profitable than most of its peers. Profitability scores 68/100 against 2,459 industrials peers. Return on assets 6.7% vs a peer median of 3.1% (stronger than 82% of peers).Return on assets 6.7% vs peers 3.1% (stronger than 82% of peers).

How risky is Lindsay?

Lower risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 2.93× vs a peer median of 1.62× (stronger than 83% of peers).Current ratio 2.93× vs peers 1.62× (stronger than 83% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

636.6M USD

627.9M USD

−1.4%

Net income (12 months)

58.9M USD

55.2M USD

−6.2%

Operating margin

10.6%

9.9%

−0.7 pts

Free cash flow (12 months)

72.0M USD

44.9M USD

−37.6%

Debt

115.1M USD

115.1M USD

−0.1%

Cash

186.1M USD

154.8M USD

−16.8%

Key ratios

FY Aug 2021

FY Aug 2022

FY Aug 2023

FY Aug 2024

FY Aug 2025

Change

Gross margin

26.5%

25.8%

31.6%

31.5%

31.2%

▼ 0.3 pts

Operating margin

9.5%

12.3%

15.2%

12.6%

13.0%

▲ 0.4 pts

Net margin

7.5%

8.5%

10.7%

10.9%

▲ 0.0 pts

Return on assets (ROA)

6.7%

9.2%

9.7%

8.7%

8.8%

▲ 0.1 pts

Return on equity (ROE)

12.6%

16.6%

15.9%

13.8%

13.9%

▲ 0.1 pts

Free cash flow margin

3.1%

-1.6%

15.0%

11.0%

13.4%

▲ 2.4 pts

Current ratio

3.01×

2.96×

3.58×

3.92×

3.71×

▼ 5.4%

Quick ratio

1.96×

1.76×

2.44×

2.69×

2.76×

▲ 2.4%

Debt to equity

0.34×

0.29×

0.25×

0.24×

0.22×

▼ 9.9%

Interest coverage

11.39×

22.17×

26.98×

23.69×

48.08×

▲ 103%