Acuity Inc.
Rank #107HypergrowthAYI · NYSE · Industrials
Acuity Inc. (AYI) — Rank #107 by gross profitability (GP/assets 0.45) · ROE 13.9% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001144215 · all metrics point-in-time as of the filing date.
About
Acuity Inc. provides lighting, lighting controls, building management system, and an audio, video, and control platform in the United States and internationally.
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It operates in two segments, Acuity Brands Lighting (ABL); and the Acuity Intelligent Spaces (AIS). The ABL segment provides lighting solutions and luminaires with advanced electronics under the Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Fresco, Gotham, Healthcare Lighting, Holophane, Hydrel, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, Nightingale, nLight, Peerless, RELOC Wiring Solutions, and SensorSwitch brand names. This segment serves electrical distributors, consumer retailers, large corporate accounts, and original equipment manufacturer customers. The AIS segment offers Distech Controls intelligent Building Management Systems (BMS), such as products for controlling heating, ventilation, air conditioning, lighting, shades, refrigeration, and building access that prioritize end-user outcomes; Q-SYS, a full-stack audio, video, and control platform, and QSC Audio, an audio technology for live entertainers and sound reinforcement professionals. This segment serves retail stores, airports, universities, enterprise campuses, sports venues, themed entertainment, and hospitality sectors through system integrators. It offers its products and solutions under the Atrius, Distech Controls, QSC, and KE2 Therm Solutions brands. Acuity Inc. was formerly known as Acuity Brands, Inc. and changed its name to Acuity Inc. in March 2025. Acuity Inc.
was incorporated in 2001 and is headquartered in Atlanta, Georgia.
- Industry
- Electrical Equipment & Parts
- Sector
- Industrials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- August 31
- Website
- acuityinc.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$8.96B
P/E (annual)
23.9
P/S (annual)
2.1
P/B
3.1
P/OCF (annual)
14.9
Shareholder Yield
20.3%
Employees
13,800
Industry
Electrical Equipment & Parts
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
6.1%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -20.1% — per-share value needs a total required return of -14.0% once share-count change is priced in.
vs. own 6-year median revenue growth: 4.5%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
1.9%
r = 10% (base)
6.1%
r = 12%
9.8%
Net debt / market cap: 4.1%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.45
Primary signal (Novy-Marx).
90th pctl of 43 SIC 36 peers
Return on equity
13.9%
Gross margin
47.8%
62nd pctl of 43 SIC 36 peers
Revenue growth (YoY)
30.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
1.1%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.63
50th pctl of 41 SIC 36 peers (best = lowest)
Current ratio
2.05×
29th pctl of 43 SIC 36 peers
Quick ratio
1.30×
Net cash
-$385.40M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$533.00M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.34
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.0%
Stock-based comp intensity.
Dividend safety
Composite score
3.2 / 5
Piotroski F-Score
F-Score
6 / 9
Fundamental-strength score (0-9).