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Stock research / United States / LNN · Farm Machinery & Equipment · NYSE

Lindsay Corp. (LNN)

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Lindsay Corp. (LNN) reported revenue of $161 million for Q3 FY2026, the quarter ended 31 May 2026, down 5.1% on the same quarter a year earlier. Net income was $16 million, down 18.9% on the year, and diluted earnings per share $1.53. The figures are the company's own, from the 10-Q it filed with the SEC on 2 July 2026.

Revenue$161 milliondown 5.1%
Net income$16 milliondown 18.9%
Diluted EPS$1.53
QuarterQ3 FY2026ended 31 May 2026

Lindsay (LNN) in brief

Lindsay (LNN) reported revenue of $676 million for fiscal 2025, the year ended 31 August 2025, up 11.4% on the year before.
Read moreNet income was $74 million and diluted earnings per share $6.78. Revenue was $607 million in fiscal 2024, $674 million in fiscal 2023, $771 million in fiscal 2022 and $568 million in fiscal 2021. Net income in the same years was $66 million, $72 million, $65 million and $43 million. Over the twelve months to 31 May 2026, Lindsay reported revenue of $628 million and net income of $55 million. Revenue grew 7.3% a year, compounded, over the five years to fiscal 2025. Lindsay declared $1.45 a share in dividends over the last four quarters and had 10 million shares outstanding at the latest filed count. At 31 May 2026 it carried $115 million of debt and $155 million of cash. At the close of 9 October 2026 the market cap of Lindsay was $1.1 billion, 21.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.1%
ROCE10.2%
Operating margin9.9%
Net margin8.8%
FCF margin7.2%
Interest covern/a
Debt to equity0.23
Cash conversion1.71
Share count, 1 year-6.4%
Sales CAGR, 3 years-4.3%
Profit CAGR, 3 years4.2%
EPS, TTM$5.21

At the close of 9 October 2026

Price$112.26
Market cap$1.1 billion
Stock P/E21.55
Price to book2.29
EV / EBITDA13.01
Dividend yield1.3%
Market cap / sales1.82
52-week high$136.37
52-week low$102.92
Price, 1 year-17.7%
Price CAGR, 3 years-1.3%
Price CAGR, 5 years-6.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Lindsay Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
LNNgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on LNN

Filings18 in twelve months: 11 current reports (8-K), about 6 officer or director change; 4 results of operations; 2 regulation FD disclosure; 1 shareholder vote
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.01 by open interest at the 9 October 2026 close; the straddle prices a 4.4% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest892,913 shares short, 5.60 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue167161152139155166187169154156158161
Cost of revenue11511110392.7109116125116109106115113
Gross profit52.549.949.046.545.750.062.553.644.750.142.347.8
Gross margin31%31%32%33%29%30%33%32%29%32%27%30%
R&D4.94.43.94.34.63.94.24.75.24.64.14.7
Operating income23.421.122.119.913.520.932.123.811.319.613.018.5
Operating margin14%13%15%14%9%13%17%14%7%13%8%12%
Interest expense0.90.90.80.80.80.80.40.30.3n/an/an/a
Pre-tax income24.921.022.720.215.222.033.225.713.621.915.620.6
Tax rate23%28%20%-1%16%22%20%24%21%24%23%23%
Net income19.215.018.120.412.717.226.619.510.816.512.015.8
Net margin12%9%12%15%8%10%14%12%7%11%8%10%
Diluted EPS$1.74$1.36$1.64$1.85$1.17$1.57$2.44$1.78$0.99$1.54$1.15$1.53
Operating cash flow60.521.9-9.730.553.121.612.335.064.0-0.624.66.7
Capital expenditure5.56.911.84.85.59.19.89.314.214.513.08.1
Free cash flow55.014.9-21.625.847.712.52.525.749.8-15.111.6-1.4
Buybacksn/an/an/a17.9n/a0.01.41.28.930.325.225.2
Dividends paid3.93.93.93.83.93.93.93.94.03.93.83.8
Shares outstanding11m11m11m11m11m11m11m11m11m10m10m10m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue618560516518548444475568771674607676628
Cost of revenue447404368373396329322417572461416466443
Gross profit171156149145151115153150199213191211185
Gross margin27.7%27.9%28.8%28.0%27.7%25.8%32.1%26.5%25.8%31.6%31.5%31.2%29.5%
Research and development11.112.815.817.116.113.913.913.415.118.217.117.918.6
Operating income78.450.734.440.639.06.154.254.194.610276.688.162.5
Operating margin12.7%9.0%6.7%7.8%7.1%1.4%11.4%9.5%12.3%15.2%12.6%13.0%9.9%
Interest expense0.22.64.84.84.74.84.84.84.33.83.21.8n/a
Pre-tax income78.746.829.335.733.92.148.850.487.910079.094.671.7
Income tax27.120.49.012.513.6-0.110.27.822.428.012.820.516.5
Effective tax rate34.5%43.7%30.8%35.1%40.1%-3.1%20.9%15.5%25.5%27.9%16.2%21.7%23.0%
Net income51.526.320.323.220.32.238.642.665.572.466.374.155.2
Net margin8.3%4.7%3.9%4.5%3.7%0.5%8.1%7.5%8.5%10.7%10.9%10.9%8.8%
Diluted EPS$4.00$2.22$1.85$2.17$1.88$0.20$3.56$3.88$5.94$6.54$6.01$6.78$5.21
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Irrigation58651456884.0%
Infrastructure88.193.210816.0%
IrrigationInfrastructure
674FY2023607FY2024676FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow91.849.333.139.433.93.846.044.03.012095.813394.7
Capital expenditure17.715.211.58.911.123.221.426.515.618.829.042.549.8
Free cash flow74.134.021.630.622.9-19.424.617.5-12.510166.890.444.9
Free cash flow margin12.0%6.1%4.2%5.9%4.2%-4.4%5.2%3.1%-1.6%15.0%11.0%13.4%7.2%
Cash from investingn/an/a-9.9-10.018.1-21.2-38.5-27.6-8.9-47.4-25.9-48.6-38.5
Cash from financingn/an/a-61.4-10.3-11.3-14.6-13.4-11.7-12.7-17.3-38.6-26.9-105
Depreciation and amortisation14.816.416.916.716.514.019.419.220.219.321.220.922.2
Share-based compensation4.23.33.13.63.94.25.66.25.56.56.48.17.1
Buybacks41.196.948.3n/an/an/an/an/a0.00.022.511.589.6
Dividends paid11.712.812.212.513.013.413.614.214.615.115.515.715.5
Dividend per share$0.92$1.09$1.13$1.17$1.21$1.24$1.26$1.30$1.33$1.37$1.41$1.45n/a
Diluted shares, weighted13m12m11m11m11m11m11m11m11m11m11m11m10m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/a10m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity383289252270277268299338393456481533499
Debt0.0117117117117117116116116116115115115
Operating lease liabilitiesn/an/an/an/an/a0.025.918.319.817.715.517.418.8
Other liabilities144117119119107116130164182157148175189
Total liabilities and equity527523488506500500571637711746760841822
Owned
Fixed assets72.578.777.674.557.269.079.692.094.599.7113142166
Goodwill37.076.876.877.164.764.468.068.067.183.184.284.584.5
Intangible assets32.051.947.242.827.424.423.520.418.227.725.423.322.6
Investmentsn/an/an/an/an/a0.019.519.611.55.60.00.00.0
Cash and equivalents172139101122161127121127105161191251155
Receivables94.174.180.673.869.175.684.693.6138145117113137
Inventory71.774.974.886.279.292.3105145194156154137146
Other assets47.427.129.330.041.847.569.271.382.468.175.990.3110
Total assets527523488506500500571637711746760841822
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.9%7.3%-4.3%-7.4%
Profit growth, compounded10.9%13.9%4.2%-27.3%
Return on equity, average11.0%14.6%14.5%13.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Lindsay's revenue in fiscal 2025?

Lindsay (LNN) reported revenue of $676 million for fiscal 2025, the year ended 31 August 2025, up 11.4% on the year before.

How much did Lindsay earn in fiscal 2025?

Net income was $74 million for fiscal 2025, and diluted earnings per share $6.78.

What is Lindsay's P/E ratio?

At the close of 9 October 2026, Lindsay traded at 21.5 times its earnings over the twelve months to 31 May 2026.

What is Lindsay's market cap?

The market cap of Lindsay was $1.1 billion at the close of 9 October 2026.

Does Lindsay pay a dividend?

Yes. Lindsay declared $1.45 a share in dividends over the four quarters to 31 May 2026.

Peers: Machinery

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Deere & Co. DE$167.4 billion34.4917.4%13.4%8.0%2.281.0%
Agco Corp. AGCO$7.2 billion14.3013.1%5.8%1.7%0.651.1%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Kennametal Inc. KMT$2.4 billion7.2521.8%20.1%19.8%0.442.5%
Hayward Holdings, Inc. HAYW$2.4 billion15.3210.1%21.1%7.8%0.590.0%
Innovex International, Inc. INVX$1.9 billion31.535.8%10.0%15.0%0.02n/a
Alamo Group Inc. ALG$1.8 billion18.298.5%8.9%4.1%0.220.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.7522.0%21.2%4.3%0.440.1%
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.000.3%
Lindsay Corp. LNN$1.1 billion21.5511.1%9.9%-7.4%0.231.3%
Tennant Co. TNC$1.1 billion63.473.4%3.2%-2.9%0.671.8%
Astec Industries Inc. ASTE$890 million45.532.8%3.4%18.7%0.531.3%
All 60 in Machinery
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ASML Holding N.V. ASML *$686.2 billion64.0049.0%34.6%15.6%0.22n/a
Lam Research Corp. LRCX$398.9 billion55.3558.3%35.3%26.0%0.300.3%
Caterpillar Inc. CAT$367.9 billion34.4555.9%17.5%18.4%1.440.7%
Deere & Co. DE$167.4 billion34.4917.4%13.4%8.0%2.281.0%
Eaton Corp. plc ETN$166.9 billion43.7118.9%n/a15.5%0.911.0%
Johnson Controls International plc JCI$96.0 billion27.3826.5%n/a6.8%0.621.0%
Illinois Tool Works Inc. ITW$75.2 billion23.94110.3%26.5%4.3%3.352.4%
Cummins Inc. CMI$72.0 billion26.7421.1%11.2%2.9%0.521.5%
Baker Hughes Co. BKR$56.3 billion18.2915.6%n/a0.4%0.82n/a
Carrier Global Corp. CARR$46.1 billion38.329.1%7.8%-1.6%0.771.2%
Ingersoll Rand Inc. IR$30.6 billion32.409.4%18.1%7.8%0.40n/a
TechnipFMC plc FTI$27.3 billion24.1535.9%16.0%9.9%0.120.3%
nVent Electric plc NVT$27.1 billion45.7515.0%17.1%46.2%0.370.5%
Dover Corp. DOV$25.4 billion22.7414.7%16.9%7.6%0.421.1%
Xylem Inc. XYL$24.0 billion24.459.8%14.5%4.5%0.281.6%
Curtiss Wright Corp. CW$18.9 billion35.3019.5%18.8%10.5%0.350.2%
Zebra Technologies Corp. ZBRA$18.3 billion35.4315.7%14.7%12.7%0.81n/a
Nordson Corp. NDSN$18.3 billion33.1717.0%26.9%7.0%0.531.0%
ITT Inc. ITT$18.0 billion39.488.8%14.4%28.1%0.620.7%
Idex Corp. IEX$17.3 billion33.7013.0%20.7%7.3%0.471.2%
RBC Bearings Inc. RBC$16.5 billion49.799.3%23.6%17.3%0.230.0%
Lincoln Electric Holdings Inc. LECO$14.2 billion26.1035.6%17.1%9.3%0.741.2%
CNH Industrial N.V. CNH$14.1 billion45.604.0%n/a0.6%3.332.2%
BWX Technologies, Inc. BWXT$13.2 billion37.2626.6%12.1%22.7%1.510.7%
Graco Inc. GGG$12.7 billion24.5921.1%28.1%4.6%0.011.4%
Lennox International Inc. LII$12.4 billion16.1160.8%19.7%-2.1%0.891.4%
Moog Inc. MOG.A$11.6 billion30.8717.0%13.3%15.6%0.410.3%
Regal Rexnord Corp. RRX$11.0 billion34.024.7%11.7%3.5%0.660.8%
Donaldson Co. Inc. DCI$10.1 billion22.5925.7%15.4%5.3%0.731.4%
Flowserve Corp. FLS$9.2 billion25.3416.4%8.5%-0.3%0.941.2%
Toro Co. TTC$9.1 billion25.6127.2%10.3%5.2%0.721.6%
SPX Technologies, Inc. SPXC$8.5 billion30.4811.9%16.2%20.6%0.260.4%
Pentair plc PNR$8.5 billion13.1817.4%20.3%-2.1%0.431.9%
Timken Co. TKR$8.1 billion31.498.1%10.5%5.5%0.641.2%
Zurn Elkay Water Solutions Corp. ZWS$7.7 billion28.7416.6%20.8%10.7%0.300.8%
Agco Corp. AGCO$7.2 billion14.3013.1%5.8%1.7%0.651.1%
Aaon, Inc. AAON$7.1 billion44.8415.8%11.0%53.5%0.430.5%
NOV Inc. NOV$6.8 billion72.941.5%5.1%-1.7%0.272.7%
Gates Industrial Corp. Ltd. GTES$6.8 billion18.9210.3%13.3%3.3%0.63n/a
Solaris Energy Infrastructure, Inc. SEI$6.0 billion95.536.1%24.3%70.5%1.780.6%
Weatherford International plc WFRD$5.6 billion15.3720.5%12.7%-7.2%0.811.3%
JBT Marel Corp. JBTM$5.6 billion29.194.3%7.3%44.9%0.380.4%
ACM Research, Inc. ACMR$5.1 billion33.998.1%13.3%27.3%0.13n/a
Middleby Corp. MIDD$4.8 billionn/a-21.3%16.5%8.4%0.88n/a
Cactus, Inc. WHD$4.5 billion54.2313.2%18.6%21.8%0.000.9%
Esab Corp. ESAB$4.2 billion23.976.8%12.1%9.7%0.940.6%
Brunswick Corp. BC$4.0 billionn/a-5.1%-0.4%10.5%1.252.8%
Standex International Corp. SXI$3.4 billion32.9613.9%21.7%12.8%0.690.5%
Veeco Instruments Inc. VECO$3.2 billion145.422.6%2.7%-2.5%0.25n/a
Kadant Inc. KAI$3.1 billion28.0110.7%15.0%12.5%0.500.5%
Dnow Inc. DNOW$2.8 billionn/an/an/a69.8%0.23n/a
Kennametal Inc. KMT$2.4 billion7.2521.8%20.1%19.8%0.442.5%
Hayward Holdings, Inc. HAYW$2.4 billion15.3210.1%21.1%7.8%0.590.0%
Innovex International, Inc. INVX$1.9 billion31.535.8%10.0%15.0%0.02n/a
Alamo Group Inc. ALG$1.8 billion18.298.5%8.9%4.1%0.220.8%
Enerpac Tool Group Corp. EPAC$1.8 billion19.7522.0%21.2%4.3%0.440.1%
Azenta, Inc. AZTA$1.7 billionn/a-8.1%-28.6%4.8%0.000.3%
Lindsay Corp. LNN$1.1 billion21.5511.1%9.9%-7.4%0.231.3%
Tennant Co. TNC$1.1 billion63.473.4%3.2%-2.9%0.671.8%
Astec Industries Inc. ASTE$890 million45.532.8%3.4%18.7%0.531.3%
3 companies share its SEC industry code (Farm Machinery & Equipment); the rest are the names nearest in size in its wider industry, Machinery, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q31 May 20262 July 2026EDGAR
10-Q28 February 20262 April 2026EDGAR
10-Q30 November 20258 January 2026EDGAR
10-K31 August 202523 October 2025EDGAR
10-Q31 May 202526 June 2025EDGAR
10-Q28 February 20253 April 2025EDGAR
10-Q30 November 20247 January 2025EDGAR
10-K31 August 202424 October 2024EDGAR
10-Q31 May 202427 June 2024EDGAR
10-Q29 February 20244 April 2024EDGAR

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