ACUITY INC. (DE)
AYI · Electric Lighting & Wiring Equipment · 29.9M shares · -5%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $225M (gross $267M, SBC $42M)
Reference price $303.14 · est. market cap ~$9.1B — last insider sale, 2026-06-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B78Market-leading lighting and intelligent-spaces franchise with strong, consistent profitability and cash generation.
Strengths
- ROA 8.3% (87th pct), operating margin 13% (77th), net margin 9.1% (71st) and FCF $533M (85th pct)
- Diversified leader (ABL + AIS) with broad brand portfolio, QSC acquisition broadening the higher-growth software/AV segment
Risks
- ROE 14.6% is top-quartile but not top-decile, and growth is moderate — no extreme standout to push to A
- Cyclical exposure to construction/renovation demand, raw-material costs, and acquisition-integration risk
Notable findings
- Strong balance sheetStrong balance sheet — $422M cash & investments
- Insider buyingInsider buying — 2 open-market buy(s) by 2 insider(s) (cluster of 2 insiders, ~$340,746, last 6mo) Form 4 ↗
- Buying back stockNet buyback — share count -5%/yr over 4y
- Insider sellingInsider selling — 2 open-market sale(s) by 1 insider(s) (~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
47.8%
Operating margin
13.0%
Net margin
9.1%
Return on equity
14.6%
Return on assets
8.3%
ROIC
12.3%
Revenue growth (QoQ)
13.5%
Debt / equity
0.3×
Net debt / EBITDA
0.7×
Current ratio
2.0×
Free cash flow
$533M
EBITDA
$697M
Tangible book value
$130M
Cash & investments
$422M
Stock comp / revenue
1.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | HOLCOM KAREN J | Sell | 2.1K | $303.14 |
| 2026-04-30 | Leibman Maya | Buy | 200 | $288.83 |
| 2026-04-08 | O'Shaughnessy Laura | Buy | 1.0K | $282.98 |
| 2026-01-28 | HOLCOM KAREN J | Option exercise | 897 | $239.76 |
| 2026-01-28 | HOLCOM KAREN J | Sell | 5.0K | $309.23 |
| 2026-01-21 | HANCE JAMES H JR | Grant | 546 | $320.59 |
| 2025-10-28 | GOLDMAN BARRY R | Sell | 493 | $368.49 |
| 2025-10-28 | GOLDMAN BARRY R | Sell | 200 | $370.23 |
| 2025-10-28 | GOLDMAN BARRY R | Sell | 1.0K | $362.80 |
| 2025-10-28 | GOLDMAN BARRY R | Sell | 378 | $363.79 |
| 2025-10-28 | GOLDMAN BARRY R | Sell | 1.8K | $364.94 |
| 2025-10-28 | GOLDMAN BARRY R | Sell | 470 | $365.75 |
| 2025-10-28 | GOLDMAN BARRY R | Sell | 102 | $366.65 |
| 2025-10-24 | GOLDMAN BARRY R | Grant | 6.3K | — |
| 2025-10-24 | MILLS DIANNE S | Grant | 6.3K | — |
| 2025-10-24 | MILLS DIANNE S | Tax withheld | 2.9K | $370.34 |
| 2025-10-24 | GOLDMAN BARRY R | Option exercise | 1.8K | $156.39 |
| 2025-10-24 | GOLDMAN BARRY R | Option exercise | 2.9K | $116.36 |
| 2025-10-24 | GOLDMAN BARRY R | Sell | 1.8K | $367.54 |
| 2025-10-24 | GOLDMAN BARRY R | Sell | 2.8K | $368.32 |
| 2025-10-24 | HOLCOM KAREN J | Grant | 10K | — |
| 2025-10-24 | HOLCOM KAREN J | Tax withheld | 5.8K | $370.34 |
| 2025-10-24 | ASHE NEIL | Grant | 43K | — |
| 2025-10-24 | ASHE NEIL | Tax withheld | 22K | $370.34 |
| 2025-10-24 | GOLDMAN BARRY R | Tax withheld | 3.7K | $370.34 |
| 2025-10-23 | GOLDMAN BARRY R | Grant | 1.3K | — |
| 2025-10-23 | HOLCOM KAREN J | Grant | 2.3K | — |
| 2025-10-23 | ASHE NEIL | Grant | 6.8K | — |
| 2025-07-01 | GOLDMAN BARRY R | Sell | 2.3K | $298.64 |
| 2025-07-01 | GOLDMAN BARRY R | Sell | 1.8K | $297.87 |
| 2025-07-01 | GOLDMAN BARRY R | Option exercise | 2.3K | $239.76 |
| 2025-06-27 | HOLCOM KAREN J | Sell | 6.0K | $301.04 |
| 2025-01-22 | HANCE JAMES H JR | Grant | 534 | $328.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-25 | ResultsExhibits | filing ↗ |
| 2026-05-13 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-04-02 | ResultsExhibits | filing ↗ |
| 2026-01-23 | Shareholder vote | filing ↗ |
| 2026-01-08 | ResultsExhibits | filing ↗ |
| 2025-10-01 | ResultsExhibits | filing ↗ |
| 2025-06-26 | ResultsExhibits | filing ↗ |
| 2025-04-03 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-25 | 0001144215-26-000038 ↗ |
| 10-Q | 2026-06-25 | 2026-05-31 | 0001144215-26-000036 ↗ |
| 8-K | 2026-05-13 | 2026-05-08 | 0001193125-26-221945 ↗ |
| 8-K | 2026-04-02 | 2026-04-02 | 0001144215-26-000023 ↗ |
| 10-Q | 2026-04-02 | 2026-02-28 | 0001144215-26-000021 ↗ |
| 8-K | 2026-01-23 | 2026-01-21 | 0001144215-26-000015 ↗ |
| 10-Q | 2026-01-08 | 2025-11-30 | 0001144215-26-000010 ↗ |
| 8-K | 2026-01-08 | 2026-01-08 | 0001144215-26-000012 ↗ |
| 10-K | 2025-10-27 | 2025-08-31 | 0001144215-25-000082 ↗ |
| 8-K | 2025-10-01 | 2025-10-01 | 0001144215-25-000076 ↗ |
| 8-K | 2025-06-26 | 2025-06-26 | 0001144215-25-000061 ↗ |
| 10-Q | 2025-06-26 | 2025-05-31 | 0001144215-25-000059 ↗ |