Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LCI Industries's retained earnings for the quarter that ended in Mar. 2026 was $1,314 Mil.
LCI Industries's quarterly retained earnings
declined
from Sep. 2025 ($1,289 Mil) to Dec. 2025 ($1,280 Mil) but then
increased
from Dec. 2025 ($1,280 Mil) to Mar. 2026 ($1,314 Mil).
LCI Industries's annual retained earnings
increased
from Dec. 2023 ($1,177 Mil) to Dec. 2024 ($1,208 Mil) and
increased
from Dec. 2024 ($1,208 Mil) to Dec. 2025 ($1,280 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
LCI Industries Retained Earnings Historical Data
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The historical data trend for LCI Industries's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
LCI Industries (LCII) has a Retained Earnings of $1,314 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on LCI Industries and its competitors.
Is LCI Industries' Retained Earnings too high?
LCI Industries' current Retained Earnings is $1,314 Mil. Overall, LCI Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LCI Industries' Retained Earnings compare to HOG and PATK?
LCI Industries' Retained Earnings of $1,314 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Vehicles & Parts company?
A good Retained Earnings depends on the Vehicles & Parts industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on LCI Industries and its competitors. LCI Industries's current Retained Earnings is $1,314 Mil. 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 $122.60, compared to a current price of $105.88 — trading 13.6% below its estimated fair value. The current Retained Earnings is $1,314 Mil. LCI Industries' overall GF Score™ is 73/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For LCI Industries (LCII), the current Retained Earnings is $1,314 Mil 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 $105.88 is trading 13.6% below its estimated GF Value™ of $122.60.
GuruFocus considers LCI Industries to be Modestly Undervalued.
Key valuation signals for LCII:
Retained Earnings: $1,314 Mil
GF Value™: $122.60 vs. price of $105.88 (13.6% below fair value)
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.
73GF Score
Get the complete analysis for LCII
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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