LCI IndustriesLCII +2.04%72 Gross Margin % is 25.09% as of Mar. 2026, which is 7% above its 10-year median of 23.42. GuruFocus rates LCII with a GF Score™ of 72/100 and a GF Value™ of $122.56 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,313 Vehicles & Parts companies, LCI Industries ranks better than 62.45% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
LCI Industries had a gross margin of 25.09% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
LCI Industries Gross Margin % Related Terms
LCI Industries Gross Margin % Historical Data
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The historical data trend for LCI Industries's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Recreational Vehicles subindustry, LCI Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
LCI Industries Gross Margin % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where LCI Industries's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
LCI Industries (LCII) has a Gross Margin % of 25.09% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on LCI Industries and its competitors. This is near median its historical median of 23.42. Over the past decade, LCI Industries' Gross Margin % has ranged from 20.51 to 25.55. According to the industry distribution chart, LCI Industries ranks #493 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 37.5%.
Is LCI Industries' Gross Margin % too high?
LCI Industries' current Gross Margin % of 25.09% is near median its 10-year median of 23.42. Over the past 10 years, this metric has ranged from a low of 20.51 to a high of 25.55. The Vehicles & Parts industry median Gross Margin % is 19.84. LCI Industries' value of 25.09% is 26.5% above this industry median. Based on the distribution chart, LCI Industries ranks #493 out of 1313 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, LCI Industries has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LCI Industries' Gross Margin % compare to HOG and PATK?
According to the Vehicles & Parts industry distribution chart, LCI Industries ranks #493 out of 1313 companies for Gross Margin %. This puts LCI Industries in the upper half of its industry. The industry median Gross Margin % is 19.84. LCI Industries' value of 25.09% is 26.5% above this benchmark. Historically, LCI Industries' own Gross Margin % has ranged from 20.51 to 25.55 over the past decade. While the company's 10-year median is 23.42 vs. the industry median of 19.84, LCI Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Vehicles & Parts company?
The median Gross Margin % among Vehicles & Parts companies is 19.84, based on 1,313 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. LCI Industries's current Gross Margin % of 25.09% is 26.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on LCI Industries and its competitors. For the Vehicles & Parts industry, the median Gross Margin % is 19.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LCI Industries's current Gross Margin % is 25.09%, which is near median its own 10-year median of 23.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LCI Industries stock overvalued right now?
Based on GuruFocus' analysis, LCI Industries (LCII) is currently considered Modestly Undervalued. The stock's GF Value™ is $122.56, compared to a current price of $94.14 — trading 23.2% below its estimated fair value. The current Gross Margin % is 25.09%, which is near median its 10-year median of 23.42 and 26.5% above the Vehicles & Parts industry median of 19.84. LCI Industries' overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For LCI Industries (LCII), the current Gross Margin % is 25.09% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is LCI Industries (LCII) Overvalued in 2026?
Based on GuruFocus' analysis, LCI Industries stock appears to be undervalued.
The current stock price of $94.14 is trading 23.2% below its estimated GF Value™ of $122.56.
GuruFocus considers LCI Industries to be Modestly Undervalued.
Key valuation signals for LCII:
Gross Margin %: 25.09% (near median its 10-year median of 23.42)
GF Value™: $122.56 vs. price of $94.14 (23.2% below fair value)
Industry Position: 26.5% above the Vehicles & Parts median (#493 of 1313)
No single metric tells the full story. See the LCII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries, including buses and trailers used to haul boats, livestock, equipment, and other cargo. It has two reportable segments: the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold to manufacturers of RVs such as Thor Industries, Forest River, Winnebago, and other RV OEMs, and to manufacturers in adjacent industries.
72GF Score
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