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ACUITY INC. (DE)

AYI· NYSE· Electric Lighting & Wiring Equipment

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
16.1%
ROIC, 5 yr avg
17.7%
Revenue, 5 yr CAGR
+6.0%
We record prices for the companies we cover; AYI is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2026

Market cap
–
Enterprise value
–
Diluted shares
31.2M
Revenue
$4.6B
Free cash flow
$747.9M
Owner earnings
$698.4M

Valuation · FY2026

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2026

Gross
50.6%
Operating
15.4%
Net
11.4%
Free cash flow
16.1%
Owner earnings
15.0%
Stock pay
1.1%

Returns

ROIC, FY2026
18.4%
ROIC, 5 yr avg
17.7%
ROE, FY2026
17.9%
ROE, 5 yr avg
17.5%

Growth (CAGR)

Revenue, 3 yr
5.5%
Revenue, 5 yr
6.0%
Revenue, 9 yr
3.2%
Diluted EPS, 3 yr
16.6%
Diluted EPS, 5 yr
15.3%
Diluted EPS, 9 yr
9.7%
Free cash flow, 3 yr
13.5%
Free cash flow, 5 yr
15.4%
Free cash flow, 9 yr
12.0%

Financial health · FY2026

Cash and investments
$636.3M
Total debt
$697.4M
Net debt
$61.1M
Debt/Equity
0.2x
Debt/FCF
0.9x

Shareholder returns · FY2026

Dividend yield
–
Payout ratio
4.5%
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
-3.1%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$4.6B

+3.2% a year over 9 years

FY2017: Revenue $3.5BFY2018: Revenue $3.7BFY2019: Revenue $3.7BFY2020: Revenue $3.3BFY2021: Revenue $3.5BFY2022: Revenue $4.0BFY2023: Revenue $4.0BFY2024: Revenue $3.8BFY2025: Revenue $4.3BFY2026: Revenue $4.6B
FY2017FY2026

Margins

Gross50.6%Operating15.4%Net11.4%

FY2026

FY2017: Gross 42.3%, Operating 15.0%, Net 9.2%FY2018: Gross 40.4%, Operating 12.5%, Net 9.5%FY2019: Gross 40.3%, Operating 12.6%, Net 9.0%FY2020: Gross 42.2%, Operating 10.6%, Net 7.5%FY2021: Gross 42.6%, Operating 12.4%, Net 8.9%FY2022: Gross 41.8%, Operating 12.7%, Net 9.6%FY2023: Gross 43.3%, Operating 12.0%, Net 8.8%FY2024: Gross 46.4%, Operating 14.4%, Net 11.0%FY2025: Gross 47.8%, Operating 13.0%, Net 9.1%FY2026: Gross 50.6%, Operating 15.4%, Net 11.4%
FY2017FY2026

Free cash flow and owner earnings

Free cash flow$747.9MOwner earnings$698.4M

Free cash flow +12.0% a year

FY2017: Free cash flow $269.3M, Owner earnings $237.3MFY2018: Free cash flow $307.9M, Owner earnings $275.6MFY2019: Free cash flow $441.7M, Owner earnings $412.5MFY2020: Free cash flow $449.9M, Owner earnings $411.7MFY2021: Free cash flow $364.9M, Owner earnings $332.4MFY2022: Free cash flow $259.8M, Owner earnings $222.4MFY2023: Free cash flow $511.4M, Owner earnings $469.4MFY2024: Free cash flow $555.2M, Owner earnings $508.6MFY2025: Free cash flow $533.0M, Owner earnings $487.9MFY2026: Free cash flow $747.9M, Owner earnings $698.4M
FY2017FY2026

Diluted shares

31.2M

-28.1% over 9 years, net buybacks

FY2017: Diluted shares 43.3MFY2018: Diluted shares 41.0MFY2019: Diluted shares 39.8MFY2020: Diluted shares 39.6MFY2021: Diluted shares 36.6MFY2022: Diluted shares 34.6MFY2023: Diluted shares 32.2MFY2024: Diluted shares 31.4MFY2025: Diluted shares 31.6MFY2026: Diluted shares 31.2M
FY2017FY2026

Return on invested capital

18.4%

FY2026

FY2017: ROIC 20.1%FY2018: ROIC 19.5%FY2019: ROIC 19.8%FY2020: ROIC 13.8%FY2021: ROIC 16.1%FY2022: ROIC 18.0%FY2023: ROIC 17.4%FY2024: ROIC 21.0%FY2025: ROIC 14.0%FY2026: ROIC 18.4%
FY2017FY2026

Net debt (below zero)

-$61.1M

$61.1M more debt than cash

FY2017: Net cash -$45.8MFY2018: Net cash -$227.7MFY2019: Net cash $104.4MFY2020: Net cash $159.6MFY2021: Net cash -$3.0MFY2022: Net cash -$289.8MFY2023: Net cash -$97.7MFY2024: Net cash $349.6MFY2025: Net cash -$474.3MFY2026: Net cash -$61.1M
FY2017FY2026

Every figure, year by year

Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
The business
Revenue$3.5B$3.7B$3.7B$3.3B$3.5B$4.0B$4.0B$3.8B$4.3B$4.6B
Revenue growth6.5%5.0%-0.2%-9.4%4.0%15.7%-1.3%-2.8%13.1%6.8%
Gross margin42.3%40.4%40.3%42.2%42.6%41.8%43.3%46.4%47.8%50.6%
Operating margin15.0%12.5%12.6%10.6%12.4%12.7%12.0%14.4%13.0%15.4%
Net income$321.7M$349.6M$330.4M$248.3M$306.3M$384.0M$346.0M$422.6M$396.6M$531.3M
Net margin9.2%9.5%9.0%7.5%8.9%9.6%8.8%11.0%9.1%11.4%
Diluted EPS$7.43$8.52$8.29$6.27$8.38$11.08$10.76$13.44$12.53$17.05
Return on invested capital?20.1%19.5%19.8%13.8%16.1%18.0%17.4%21.0%14.0%18.4%
Cash
Operating cash flow$336.6M$351.5M$494.7M$504.8M$408.7M$316.3M$578.1M$619.2M$601.4M$825.6M
Capital expenditure$67.3M$43.6M$53.0M$54.9M$43.8M$56.5M$66.7M$64.0M$68.4M$77.7M
Free cash flow$269.3M$307.9M$441.7M$449.9M$364.9M$259.8M$511.4M$555.2M$533.0M$747.9M
Stock-based compensation$32.0M$32.3M$29.2M$38.2M$32.5M$37.4M$42.0M$46.6M$45.1M$49.5M
Owner earnings?$237.3M$275.6M$412.5M$411.7M$332.4M$222.4M$469.4M$508.6M$487.9M$698.4M
Free cash flow per share$6.22$7.51$11.10$11.36$9.98$7.50$15.90$17.66$16.85$24.01
Capital allocation
Dividends paid$22.7M$21.4M$20.8M$20.8M$19.1M$18.1M$16.8M$18.2M$20.6M$23.8M
Share repurchases$357.9M$298.4M$81.6M$69.3M$434.9M$514.8M$266.6M$88.7M$118.5M$287.2M
Diluted shares43.3M41.0M39.8M39.6M36.6M34.6M32.2M31.4M31.6M31.2M
Share count change?-1.1%-5.3%-2.9%-0.5%-7.7%-5.2%-7.2%-2.2%0.6%-1.5%
Balance sheet
Cash and equivalents$311.1M$129.1M$461.0M$560.7M$491.3M$223.2M$397.9M$845.8M$422.5M$636.3M
Short-term investments––––––––––
Total debt$356.9M$356.8M$356.6M$401.1M$494.3M$513.0M$495.6M$496.2M$896.8M$697.4M
Net debt$45.8M$227.7M-$104.4M-$159.6M$3.0M$289.8M$97.7M-$349.6M$474.3M$61.1M
Shareholders' equity$1.7B$1.7B$1.9B$2.1B$2.0B$1.9B$2.0B$2.4B$2.7B$3.0B

Latest filings

All on EDGAR
2026-10-2310-KAnnual report
2026-10-018-KEarnings release
2026-06-258-KEarnings release
2026-06-2510-QQuarterly report
2026-04-028-KEarnings release
2026-04-0210-QQuarterly report
2026-01-088-KEarnings release
2026-01-0810-QQuarterly report
2025-12-11DEF 14AProxy statement
2025-10-2710-KAnnual report

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