Is the business good?
How good a business is AYI?
Acuity Inc. earns 17% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
17%
Return on invested capital · cost of capital 9.0% · 7.8 points above what the capital costs: growth creates value
- Operating margin
- 14%
Operating margin · Electrical Equipment & Parts median 7.3% · 12 months to Q3 2026
- Cash conversion
- 1.35×
Cash conversion · 1.26× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −1.9%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 11% |
| FY2021 | 12% |
| FY2022 | 13% |
| FY2023 | 12% |
| FY2024 | 14% |
| FY2025 | 13% |
Details›
- Gross margin12 months to Q3 2026
- 49%
- Operating margin12 months to Q3 2026
- 14%
- Net margin12 months to Q3 2026
- 10%
- Free cash flow margin
- 14%
- Revenue, trailing twelve months
- $4.61B
- Free cash flow, trailing twelve months
- $639M
- Net income, trailing twelve months
- $472M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 17%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Electrical Equipment & Parts
Ranks #3 of 20 by Smart Score