# Acuity Inc. (AYI)

> Source: Nexqual · https://nexqual.com/AYI · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Acuity Inc. (AYI), nexqual.com/AYI" · informational, not investment advice.

**Price:** USD 301.87 (+1.68% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 296.87 · day 293.25–303.6 · 52w 257.04–380.17 · market cap $9.04B · NYQ

## Key facts
- Last four reported quarters (through May 31, 2026): revenue $4.61B, net income $472M (10.3% margin), free cash flow $639M (SEC filings).
- Valuation: P/E 19.1x (avg 20.0x at the last 3 fiscal year-ends), EV/EBITDA 11.2x, net debt $285M.
- 2 of 80 tracked superinvestors hold AYI (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Analysts: Buy (mean 2.29 on a 1–5 scale) (7 analysts), mean target USD 375.17 (range 345–415).
- Total return with dividends: 1Y -16.2% vs S&P 500 +18.1%; 5Y +47.1% vs S&P 500 +85.1%.
- Next earnings: 2026-10-01, EPS estimate USD 5.08, revenue estimate $1.17B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.46B | $4.01B | $3.95B | $3.84B | $4.35B | $4.61B |
| Gross profit | $1.48B | $1.67B | $1.71B | $1.78B | $2.08B | — |
| Operating income | $428M | $510M | $473M | $553M | $564M | $667M |
| Net income | $306M | $384M | $346M | $423M | $397M | $472M |
| EPS (diluted) | $8.38 | $11.08 | $10.76 | $13.44 | $12.53 | — |
| Free cash flow | $365M | $260M | $511M | $555M | $533M | $639M |
| Gross margin | 42.6% | 41.8% | 43.3% | 46.4% | 47.8% | — |
| Operating margin | 12.4% | 12.7% | 12.0% | 14.4% | 13.0% | 14.5% |
| Net margin | 8.9% | 9.6% | 8.8% | 11.0% | 9.1% | 10.3% |
| Revenue growth | +4.0% | +15.7% | -1.3% | -2.8% | +13.1% | — |
| Cash + short-term investments | $491M | $223M | $398M | $846M | $423M | — |
| Total debt | $494M | $513M | $496M | $496M | $897M | — |
Fiscal years end Aug. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through May 31, 2026)
P/E 19.1x · P/S 2.0x · EV/EBITDA 11.2x · EV/Sales 2.0x · P/FCF 14.1x · P/B 3.2x · FCF yield 7.08% · Earnings yield 5.23% · Dividend yield (paid, TTM) 0.25% · Buyback yield (TTM) 2.85% · Net debt $285M · EV $9.32B
P/E at fiscal year-ends: Aug 2025 26.0x, Aug 2024 19.0x, Aug 2023 15.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold AYI. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 0.25% | $25.9M | Reduced -80.7% |
| Thomas Gayner | Markel Group | 0.03% | $3.7M | Unchanged |

## Analysts
Consensus Buy (mean 2.29 on a 1–5 scale), 7 analysts; mean target USD 375.17 (low 345, high 415).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-08 | Oppenheimer | Target lowered | Outperform | $440 → $415 |
| 2026-10-02 | Baird | Target lowered | Neutral | $360 → $348 |
| 2026-09-29 | Baird | Target lowered | Neutral | $390 → $360 |
| 2026-09-28 | William Blair | Downgrade | Outperform → Market Perform |  |
| 2026-07-01 | Morgan Stanley | Target raised | Overweight | $400 → $410 |
| 2026-06-26 | Goldman Sachs | Target raised | Neutral | $295 → $358 |
| 2026-06-26 | Baird | Target raised | Neutral | $315 → $390 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -16.2% | +47.1% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -16.2% | +8.0% |
| Volatility (annualized) | 38.1% | 30.0% |
| Max drawdown | -31.5% (Jan 2026→Mar 2026) | -31.6% (Jan 2025→Apr 2025) |

## Peers (Electrical Equipment & Parts)
AEIS (Advanced Energy Industries, Inc) USD 252.08 -8.55% · FPS (Forgent Power Solutions, Inc.) USD 32.37 -10.51% · ENS (EnerSys) USD 172.82 -2.58% · POWL (Powell Industries, Inc.) USD 170.82 -6.55% · NVT (nVent Electric plc) USD 145.73 -9.75% · HUBB (Hubbell Inc) USD 464.71 -2.77%

## More
Full page: https://nexqual.com/AYI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt