Acuity Inc. (AYI) Stock Analysis
Industrials · Electrical Equipment & Parts · NYSE
Acuity Inc. (AYI) posted $4.35B in revenue for fiscal 2025 (up 13.1% year over year), at a 9.1% net margin, and has compounded revenue about 5.5%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Acuity Inc.
Acuity Inc. has grown revenue from $3.29B to $4.35B over the last 10 fiscal years, compounding about 5.5% a year. The most recent year was up 13.1%, so growth is actually accelerating.
Net margin sits at 9.1%, down 1.9 points year over year on a 47.8% gross margin. It carries about $896.80M of total debt.
At today's valuation the market is pricing in roughly 4.7% annual free-cash-flow growth — versus the 3.4% it actually delivered over the last five years, broadly in line with what it has delivered. The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from Acuity Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Acuity Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.29B | $3.51B | $3.68B | $3.67B | $3.33B | $3.46B | $4.01B | $3.95B | $3.84B | $4.35B |
| Gross profit | $1.44B | $1.48B | $1.49B | $1.48B | $1.40B | $1.48B | $1.67B | $1.71B | $1.78B | $2.08B |
| Net income | $290.80M | $321.70M | $349.60M | $330.40M | $248.30M | $306.30M | $384.00M | $346.00M | $422.60M | $396.60M |
| Net margin | 8.8% | 9.2% | 9.5% | 9.0% | 7.5% | 8.9% | 9.6% | 8.8% | 11.0% | 9.1% |
Source: Acuity Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Acuity Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Inventory building faster than salesInventory rose 35.9% versus revenue 13.1% — possible overproduction or softening demand.
What growth is priced into AYI stock?
At today's market cap of $8.52B, Acuity Inc. is priced for free-cash-flow growth of about 4.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $533.00M from the FY ending 2025-08-31). For comparison, free cash flow actually grew 3.4%/yr over the last five fiscal years and revenue 5.5%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Acuity Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Acuity Inc. financial history by metric
Compare Acuity Inc. with peers
About Acuity Inc.
Acuity Inc. provides lighting, lighting controls, building management system, and an audio, video, and control platform in the United States and internationally. It operates in two segments, Acuity Brands Lighting (ABL); and the Acuity Intelligent Spaces (AIS). The ABL segment provides lighting solutions and luminaires with advanced electronics under the Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Fresco, Gotham, Healthcare Lighting, Holophane, Hydrel, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, Nightingale, nLight, Peerless, RELOC Wiring Solutions, and SensorSwitch brand names. This segment serves electrical distributors, consumer retailers, large corporate accounts, and original equipment manufacturer customers. The AIS segment offers Distech Controls intelligent Building Management Systems (BMS), such as products for controlling heating, ventilation, air conditioning, lighting, shades, refrigeration, and building access that prioritize end-user outcomes; Q-SYS, a full-stack audio, video, and control platform, and QSC Audio, an audio technology for live entertainers and sound reinforcement professionals. This segment serves retail stores, airports, universities, enterprise campuses, sports venues, themed entertainment, and hospitality sectors through system integrators. It offers its products and solutions under the Atrius, Distech Controls, QSC, and KE2 Therm Solutions brands. Acuity Inc. was formerly known as Acuity Brands, Inc. and changed its name to Acuity Inc. in March 2025. Acuity Inc. was incorporated in 2001 and is headquartered in Atlanta, Georgia.
Acuity Inc. — frequently asked questions
What is Acuity Inc.'s revenue?
Acuity Inc. (AYI) reported revenue of $4.35B for fiscal year 2025, up 13.1% from the prior year, according to its SEC filings.
Is Acuity Inc. profitable?
Yes. AYI earned net income of $396.60M in fiscal 2025, a net margin of 9.1%.
What is AYI's P/E ratio?
Acuity Inc. trades at a price-to-earnings ratio of about 20.6 based on the latest data in our nightly-refreshed cache.
How fast is Acuity Inc. growing?
AYI's revenue grew at roughly 5.5% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Acuity Inc. have?
As of fiscal year 2025, AYI carried roughly $896.80M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Acuity Inc.'s gross margin?
AYI's gross margin was 47.8% in fiscal 2025 — gross profit of $2.08B on revenue of $4.35B.
What is Acuity Inc.'s market cap?
Acuity Inc. (AYI) has a market capitalization of about $8.52B, based on the latest data in our nightly-refreshed cache.
When does Acuity Inc.'s fiscal year end?
AYI's fiscal year ends in August. Its most recent annual filing covers the fiscal year ending 2025-08-31.
What growth is priced into AYI stock?
At today's market cap of $8.52B, Acuity Inc. is priced for free-cash-flow growth of about 4.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $533.00M from the FY ending 2025-08-31). For comparison, free cash flow actually grew 3.4%/yr over the last five fiscal years and revenue 5.5%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Acuity Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.