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Electrical equipment & parts · Industrials · Fiscal year ends Aug 31
Acuity Inc. (DE) reported revenue of $4.3B in the fiscal year ended Aug 2025, up 13.1% from the year before. Operating income was $564M, an operating margin of 13.0%, and net income was $397M. Operating cash flow of $601M less capital expenditure of $68M left free cash flow of $533M. Net debt was $474M.
Ranks among the 16 electrical equipment & parts companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Revenue | 3,461 | 4,006 | 3,952 | 3,841 | 4,346 |
| Cost of revenue | 1,986 | 2,333 | 2,239 | 2,059 | 2,267 |
| Gross profit | 1,475 | 1,673 | 1,713 | 1,782 | 2,079 |
| Research & development | 88.3 | 95.1 | 97.1 | 102 | 140 |
| Selling, general & admin | 1,044 | 1,163 | 1,213 | 1,228 | 1,485 |
| Operating income | 428 | 510 | 473 | 553 | 564 |
| Interest expense | 24.2 | 27.0 | 27.9 | 25.3 | 42.5 |
| Pre-tax income | 396 | 494 | 447 | 549 | 500 |
| Income tax | 89.9 | 110 | 101 | 126 | 104 |
| Net income | 306 | 384 | 346 | 423 | 397 |
| Diluted EPS | 8.38 | 11.08 | 10.76 | 13.44 | 12.53 |
| Diluted shares | 36.6 | 34.6 | 32.2 | 31.4 | 31.6 |
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 491 | 223 | 398 | 846 | 423 |
| Receivables | 572 | 666 | 555 | 563 | 594 |
| Inventory | 399 | 486 | 369 | 388 | 527 |
| Current assets | 1,544 | 1,466 | 1,395 | 1,872 | 1,652 |
| Net PP&E | 269 | 277 | 298 | 304 | 343 |
| Goodwill | 1,095 | 1,084 | 1,098 | 1,099 | 1,496 |
| Total assets | 3,575 | 3,480 | 3,409 | 3,815 | 4,755 |
| Payables | 392 | 398 | 286 | 352 | 455 |
| Deferred revenue | 7.7 | 11.4 | 14.1 | 17.4 | 21.4 |
| Current liabilities | 692 | 734 | 595 | 688 | 846 |
| Short-term debt | 0.0 | 18.0 | 0.0 | 0.0 | – |
| Long-term debt | 494 | 495 | 496 | 496 | 897 |
| Total liabilities | 1,531 | 1,568 | 1,393 | 1,436 | 2,030 |
| Shareholders' equity | 2,045 | 1,912 | 2,015 | 2,379 | 2,725 |
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 409 | 316 | 578 | 619 | 601 |
| Capital expenditure | 43.8 | 56.5 | 66.7 | 64.0 | 68.4 |
| Free cash flow | 365 | 260 | 511 | 555 | 533 |
| Depreciation & amortisation | 100 | 94.8 | 93.2 | 91.1 | 133 |
| Stock-based compensation | 32.5 | 37.4 | 42.0 | 46.6 | 45.1 |
| Acquisitions | 75.3 | 12.9 | 35.5 | 0.0 | 1,189 |
| Share buybacks | 435 | 515 | 267 | 88.7 | 119 |
| Dividends paid | 19.1 | 18.1 | 16.8 | 18.2 | 20.6 |
| Dividend per share | 0.52 | 0.52 | 0.52 | 0.58 | 0.66 |
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 15.7% | −1.3% | −2.8% | 13.1% |
| Operating income growth (YoY) | – | 19.2% | −7.1% | 16.9% | 1.9% |
| EPS growth (YoY) | – | 32.2% | −2.9% | 24.9% | −6.8% |
| Gross margin | 42.6% | 41.8% | 43.3% | 46.4% | 47.8% |
| Operating margin | 12.4% | 12.7% | 12.0% | 14.4% | 13.0% |
| Net margin | 8.9% | 9.6% | 8.8% | 11.0% | 9.1% |
| Return on equityBlank when equity is negative | 15.0% | 20.1% | 17.2% | 17.8% | 14.6% |
| ROCEEBIT ÷ (assets − current liabilities) | 14.8% | 18.6% | 16.8% | 17.7% | 14.4% |
| Free cash flow margin | 10.5% | 6.5% | 12.9% | 14.5% | 12.3% |
| Cash conversion (CFO ÷ net income) | 1.33x | 0.82x | 1.67x | 1.47x | 1.52x |
| Receivable days | 60 | 61 | 51 | 54 | 50 |
| Inventory days | 73 | 76 | 60 | 69 | 85 |
| Payable days | 72 | 62 | 47 | 62 | 73 |
| Interest cover | 17.7x | 18.9x | 17.0x | 21.9x | 13.3x |
| Debt ÷ equity | 0.24x | 0.27x | 0.25x | 0.21x | 0.33x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 3.0 | 290 | 97.7 | −350 | 474 |
| Current ratio | 2.23x | 2.00x | 2.34x | 2.72x | 1.95x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.