Acuity Brands (AYI) financial statements
Acuity Brands reported revenue of $4.3B in fiscal 2025, up 3.1% a year over 9 years.
Net income was $397M and the operating margin 13.0%, against 14.4% in 2016.
Free cash flow was $533M, and the company returned $21M in dividends and $118M in net buybacks.
The diluted share count fell 28% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Acuity Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.5B | $3.7B | $3.7B | $3.3B | $3.5B | $4.0B | $4.0B | $3.8B | $4.3B |
| Cost of revenue | $1.9B | $2.0B | $2.2B | $2.2B | $1.9B | $2.0B | $2.3B | $2.2B | $2.1B | $2.3B |
| Gross profit | $1.4B | $1.5B | $1.5B | $1.5B | $1.4B | $1.5B | $1.7B | $1.7B | $1.8B | $2.1B |
| Research and development | $47M | $52M | $64M | $75M | $82M | $88M | $95M | $97M | $102M | $140M |
| Selling, general and admin | $946M | $942M | $1.0B | $1.0B | $1.0B | $1.0B | $1.2B | $1.2B | $1.2B | $1.5B |
| Operating income | $475M | $528M | $461M | $463M | $354M | $428M | $510M | $473M | $553M | $564M |
| Interest expense | $33M | $34M | $36M | $36M | $26M | $24M | $27M | $28M | $25M | $42M |
| Pre-tax income | $445M | $493M | $426M | $425M | $325M | $396M | $494M | $447M | $549M | $500M |
| Income tax | $154M | $171M | $76M | $94M | $76M | $90M | $110M | $101M | $126M | $104M |
| Net income | $291M | $322M | $350M | $330M | $248M | $306M | $384M | $346M | $423M | $397M |
| EPS (diluted) | $6.63 | $7.43 | $8.52 | $8.29 | $6.27 | $8.38 | $11.08 | $10.76 | $13.44 | $12.53 |
| Diluted shares | 44M | 43M | 41M | 40M | 40M | 37M | 35M | 32M | 31M | 32M |
| Gross margin | 43.6% | 42.3% | 40.4% | 40.3% | 42.2% | 42.6% | 41.8% | 43.3% | 46.4% | 47.8% |
| Operating margin | 14.4% | 15.0% | 12.5% | 12.6% | 10.6% | 12.4% | 12.7% | 12.0% | 14.4% | 13.0% |
| Net margin | 8.8% | 9.2% | 9.5% | 9.0% | 7.5% | 8.9% | 9.6% | 8.8% | 11.0% | 9.1% |
Balance sheet
Fiscal years, from Acuity Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $413M | $311M | $129M | $461M | $561M | $491M | $223M | $398M | $846M | $422M |
| Receivables | $573M | $573M | $638M | $561M | $500M | $572M | $666M | $555M | $563M | $594M |
| Inventory | $295M | $329M | $412M | $341M | $320M | $399M | $486M | $368M | $388M | $527M |
| Total current assets | $1.3B | $1.2B | $1.2B | $1.4B | $1.4B | $1.5B | $1.5B | $1.4B | $1.9B | $1.7B |
| Property, plant and equipment | $268M | $288M | $287M | $277M | $270M | $269M | $276M | $298M | $304M | $343M |
| Goodwill | $948M | $901M | $971M | $967M | $1.1B | $1.1B | $1.1B | $1.1B | $1.1B | $1.5B |
| Total assets | $2.9B | $2.9B | $3.0B | $3.2B | $3.5B | $3.6B | $3.5B | $3.4B | $3.8B | $4.8B |
| Total current liabilities | $672M | $601M | $683M | $596M | $618M | $692M | $734M | $595M | $688M | $846M |
| Long-term debt | $355M | $356M | $356M | $348M | $377M | $494M | $495M | $496M | $496M | $897M |
| Total liabilities | $1.3B | $1.2B | $1.3B | $1.3B | $1.4B | $1.5B | $1.6B | $1.4B | $1.4B | $2.0B |
| Shareholders' equity | $1.7B | $1.7B | $1.7B | $1.9B | $2.1B | $2.0B | $1.9B | $2.0B | $2.4B | $2.7B |
| Net debt | -$58M | $46M | $228M | -$104M | -$160M | $3M | $272M | $98M | -$350M | $474M |
Cash flow
Fiscal years, from Acuity Brands's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $388M | $337M | $352M | $495M | $505M | $409M | $316M | $578M | $619M | $601M |
| Capital spending | $84M | $67M | $44M | $53M | $55M | $44M | $56M | $67M | $64M | $68M |
| Free cash flow | $304M | $269M | $308M | $442M | $450M | $365M | $260M | $511M | $555M | $533M |
| Stock-based compensation | $28M | $32M | $32M | $29M | $38M | $32M | $37M | $42M | $47M | $45M |
| Dividends paid | $23M | $23M | $21M | $21M | $21M | $19M | $18M | $17M | $18M | $21M |
| Share buybacks (net) | $0 | -$358M | -$298M | -$82M | -$69M | -$435M | -$515M | -$267M | -$89M | -$118M |
| Net borrowing | $2M | $1M | -$400,000 | -$400,000 | $44M | $93M | $0 | $0 | $0 | $400M |
| Free cash flow margin | 9.2% | 7.7% | 8.4% | 12.0% | 13.5% | 10.5% | 6.5% | 12.9% | 14.5% | 12.3% |
| Dividends per share | $0.52 | $0.52 | $0.52 | $0.52 | $0.53 | $0.52 | $0.52 | $0.52 | $0.58 | $0.65 |
Questions
What was Acuity Brands's revenue in 2025?
$4.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does Acuity Brands generate?
$533M in fiscal 2025 (operating cash flow minus capital spending).
From Acuity Brands's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.