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Side-by-side financial comparison of IAC Inc. (IAC) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.

LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $646.0M, roughly 1.4× IAC Inc.). LCI INDUSTRIES runs the higher net margin — 2.0% vs -11.9%, a 13.9% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs -10.5%). LCI INDUSTRIES produced more free cash flow last quarter ($64.3M vs $31.4M). Over the past eight quarters, IAC Inc.'s revenue compounded faster (1.7% CAGR vs -1.8%).

IAC Inc. is an American holding company that owns brands worldwide, mostly in media and Internet. The company originated in 1996 as HSN Inc., the holding company of Home Shopping Network and USA Network before changing its name to USA Networks, Inc. in 1999. The firm's television assets then were sold to Vivendi in 2002.

Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.

IAC vs LCII — Head-to-Head

Bigger by revenue
LCII
LCII
1.4× larger
LCII
$932.7M
$646.0M
IAC
Growing faster (revenue YoY)
LCII
LCII
+26.6% gap
LCII
16.1%
-10.5%
IAC
Higher net margin
LCII
LCII
13.9% more per $
LCII
2.0%
-11.9%
IAC
More free cash flow
LCII
LCII
$32.9M more FCF
LCII
$64.3M
$31.4M
IAC
Faster 2-yr revenue CAGR
IAC
IAC
Annualised
IAC
1.7%
-1.8%
LCII

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IAC
IAC
LCII
LCII
Revenue
$646.0M
$932.7M
Net Profit
$-76.8M
$18.7M
Gross Margin
69.8%
22.1%
Operating Margin
-17.5%
3.8%
Net Margin
-11.9%
2.0%
Revenue YoY
-10.5%
16.1%
Net Profit YoY
61.4%
95.7%
EPS (diluted)
$-0.96
$0.79

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IAC
IAC
LCII
LCII
Q4 25
$646.0M
$932.7M
Q3 25
$589.8M
$1.0B
Q2 25
$586.9M
$1.1B
Q1 25
$570.5M
$1.0B
Q4 24
$721.4M
$803.1M
Q3 24
$642.0M
$915.5M
Q2 24
$634.4M
$1.1B
Q1 24
$624.3M
$968.0M
Net Profit
IAC
IAC
LCII
LCII
Q4 25
$-76.8M
$18.7M
Q3 25
$-21.9M
$62.5M
Q2 25
$211.5M
$57.6M
Q1 25
$-216.8M
$49.4M
Q4 24
$-199.0M
$9.5M
Q3 24
$-243.7M
$35.6M
Q2 24
$-142.2M
$61.2M
Q1 24
$45.0M
$36.5M
Gross Margin
IAC
IAC
LCII
LCII
Q4 25
69.8%
22.1%
Q3 25
64.8%
24.4%
Q2 25
65.6%
24.4%
Q1 25
64.0%
24.1%
Q4 24
65.8%
21.1%
Q3 24
62.1%
24.0%
Q2 24
60.1%
25.3%
Q1 24
58.4%
23.1%
Operating Margin
IAC
IAC
LCII
LCII
Q4 25
-17.5%
3.8%
Q3 25
-3.5%
7.3%
Q2 25
0.1%
7.9%
Q1 25
6.3%
7.8%
Q4 24
6.7%
2.0%
Q3 24
1.3%
5.9%
Q2 24
-3.4%
8.6%
Q1 24
-10.2%
6.0%
Net Margin
IAC
IAC
LCII
LCII
Q4 25
-11.9%
2.0%
Q3 25
-3.7%
6.0%
Q2 25
36.0%
5.2%
Q1 25
-38.0%
4.7%
Q4 24
-27.6%
1.2%
Q3 24
-38.0%
3.9%
Q2 24
-22.4%
5.8%
Q1 24
7.2%
3.8%
EPS (diluted)
IAC
IAC
LCII
LCII
Q4 25
$-0.96
$0.79
Q3 25
$-0.27
$2.55
Q2 25
$2.57
$2.29
Q1 25
$-2.64
$1.94
Q4 24
$-2.36
$0.37
Q3 24
$-2.93
$1.39
Q2 24
$-1.71
$2.40
Q1 24
$0.51
$1.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IAC
IAC
LCII
LCII
Cash + ST InvestmentsLiquidity on hand
$960.2M
$222.6M
Total DebtLower is stronger
$1.4B
$945.2M
Stockholders' EquityBook value
$4.7B
$1.4B
Total Assets
$7.1B
$3.2B
Debt / EquityLower = less leverage
0.30×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IAC
IAC
LCII
LCII
Q4 25
$960.2M
$222.6M
Q3 25
$1.0B
$199.7M
Q2 25
$1.1B
$191.9M
Q1 25
$1.2B
$231.2M
Q4 24
$1.4B
$165.8M
Q3 24
$1.3B
$161.2M
Q2 24
$1.3B
$130.4M
Q1 24
$1.3B
$22.6M
Total Debt
IAC
IAC
LCII
LCII
Q4 25
$1.4B
$945.2M
Q3 25
$1.4B
$947.8M
Q2 25
$1.4B
$948.0M
Q1 25
$938.3M
Q4 24
$757.3M
Q3 24
$822.5M
Q2 24
$829.7M
Q1 24
$855.3M
Stockholders' Equity
IAC
IAC
LCII
LCII
Q4 25
$4.7B
$1.4B
Q3 25
$4.8B
$1.4B
Q2 25
$4.9B
$1.4B
Q1 25
$4.7B
$1.4B
Q4 24
$5.6B
$1.4B
Q3 24
$5.8B
$1.4B
Q2 24
$6.0B
$1.4B
Q1 24
$6.1B
$1.4B
Total Assets
IAC
IAC
LCII
LCII
Q4 25
$7.1B
$3.2B
Q3 25
$7.2B
$3.2B
Q2 25
$7.4B
$3.2B
Q1 25
$7.2B
$3.1B
Q4 24
$9.7B
$2.9B
Q3 24
$9.8B
$3.0B
Q2 24
$10.2B
$3.0B
Q1 24
$10.4B
$3.0B
Debt / Equity
IAC
IAC
LCII
LCII
Q4 25
0.30×
0.69×
Q3 25
0.30×
0.70×
Q2 25
0.30×
0.68×
Q1 25
0.69×
Q4 24
0.55×
Q3 24
0.58×
Q2 24
0.60×
Q1 24
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IAC
IAC
LCII
LCII
Operating Cash FlowLast quarter
$36.6M
$78.9M
Free Cash FlowOCF − Capex
$31.4M
$64.3M
FCF MarginFCF / Revenue
4.9%
6.9%
Capex IntensityCapex / Revenue
0.8%
1.6%
Cash ConversionOCF / Net Profit
4.22×
TTM Free Cash FlowTrailing 4 quarters
$44.8M
$278.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IAC
IAC
LCII
LCII
Q4 25
$36.6M
$78.9M
Q3 25
$30.1M
$97.2M
Q2 25
$-2.8M
$112.2M
Q1 25
$63.0K
$42.7M
Q4 24
$110.1M
$106.6M
Q3 24
$95.3M
$78.4M
Q2 24
$85.0M
$192.9M
Q1 24
$64.1M
$-7.7M
Free Cash Flow
IAC
IAC
LCII
LCII
Q4 25
$31.4M
$64.3M
Q3 25
$25.3M
$80.9M
Q2 25
$-7.2M
$99.5M
Q1 25
$-4.6M
$33.7M
Q4 24
$104.8M
$95.7M
Q3 24
$92.0M
$68.3M
Q2 24
$81.6M
$180.2M
Q1 24
$61.1M
$-16.3M
FCF Margin
IAC
IAC
LCII
LCII
Q4 25
4.9%
6.9%
Q3 25
4.3%
7.8%
Q2 25
-1.2%
9.0%
Q1 25
-0.8%
3.2%
Q4 24
14.5%
11.9%
Q3 24
14.3%
7.5%
Q2 24
12.9%
17.1%
Q1 24
9.8%
-1.7%
Capex Intensity
IAC
IAC
LCII
LCII
Q4 25
0.8%
1.6%
Q3 25
0.8%
1.6%
Q2 25
0.8%
1.2%
Q1 25
0.8%
0.9%
Q4 24
0.7%
1.4%
Q3 24
0.5%
1.1%
Q2 24
0.5%
1.2%
Q1 24
0.5%
0.9%
Cash Conversion
IAC
IAC
LCII
LCII
Q4 25
4.22×
Q3 25
1.55×
Q2 25
-0.01×
1.95×
Q1 25
0.86×
Q4 24
11.17×
Q3 24
2.20×
Q2 24
3.15×
Q1 24
1.42×
-0.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IAC
IAC

Print$168.5M26%
Performance Marketing$101.2M16%
Care.com$85.7M13%
Subscription$69.5M11%
Licensing And Other$43.8M7%
Consumer Revenue$43.2M7%
Advertising$35.9M6%
Project And Other Print$33.6M5%
Advertising Google$28.9M4%
Newsstand$22.4M3%
Emerging Other$19.6M3%

LCII
LCII

Travel Trailer And Fifth Wheels$378.4M41%
Chassis Chassis Partsand Slideout Mechanisms$206.1M22%
Furnitureand Mattresses$120.4M13%
Appliances$69.9M7%
Other Products$69.1M7%
Axlesand Suspension Solutions$62.3M7%
Motorhomes$34.2M4%

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