HIGHBuilt-inProduct / Revenue mix
77%
OEM Segment
“10-K Item 1: 'In 2025, the OEM Segment contributed 77 percent of our consolidated net sales and 66 percent of our consolidated operating profit.'”
LCII · Concentration risk · 10-K extracted
LCI Industries (LCII) concentration risks
Updated
The most significant concentration LCI Industries discloses is OEM Segment at 77%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: LCI Industries’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH1
MEDIUM1
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inCommodity
steel
“10-K Item 1A: 'Steel and aluminum represented approximately 30 percent and 10 percent, respectively, of our raw material costs in 2025.'”
LOWOutside partyCustomer
18%
Berkshire Hathaway
“10-K Item 1: 'Berkshire Hathaway Inc. (through its subsidiaries Forest River, Inc. and Clayton Homes, Inc.), a customer of both segments, accounted for 18 percent...of our consolidated net sales'”
LOWOutside partyCustomer
15%
Thor Industries
“10-K Item 1: 'Thor Industries, Inc. ("Thor"), a customer of both segments, accounted for 15 percent...of our consolidated net sales for the years ended December 31, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is anchored by a high-share product-segment dependency, with smaller customer and commodity exposures around it. The OEM Segment is the dominant disclosed exposure: measured against consolidated net sales and operating profit, it contributed 77% and 66%, respectively, in 2025 — a high disclosed share with a structural character, so results move closely with OEM production cycles and the demand for the products those customers build. Because a single segment accounts for that proportion of both the top and bottom line, broad OEM softness would be felt across most of the income statement. At the individual-customer level, Berkshire Hathaway accounted for 18% and Thor Industries for 15% of consolidated net sales, both low disclosed shares and dependency in character; neither is a dominant single-name risk alone, though together they add a meaningful slice within the concentrated OEM base. On the input side, steel and aluminum were approximately 30% and 10% of raw material costs, a medium-share, structural commodity exposure. Netting these out, the OEM-segment concentration is the dominant consideration; the two largest customers and commodity costs are secondary, additive factors to monitor.
For the engine’s reasoning on LCII’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Recreational Vehicles
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| HOG | Harley-Davidson, Inc. | 3 | 0 | 0 | 3 |
| BC | Brunswick Corporation | 1 | 2 | 0 | 3 |
| LCII● | LCI Industries | 1 | 1 | 2 | 4 |
| PII | Polaris Inc. | 1 | 0 | 0 | 1 |
| PATK | Patrick Industries, Inc. | 0 | 2 | 0 | 2 |
| THO | Thor Industries, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.