10 Best Boating Stocks to Buy Now

5. LCI Industries (NYSE:LCII)

Number of Hedge Fund Holders: 18

LCI Industries (NYSE:LCII) is ranked fifth on the list of the Best Boating Stocks. It provides parts in the United States and internationally to original equipment manufacturers of recreational vehicles and related industries, such as buses, as well as trailers for transporting equipment, boats, livestock, and other goods. The firm’s original equipment manufacturer segment and the aftermarket segment are its two reportable segments. For the OEMs of RVs and related industries, the OEM Segment produces or distributes parts for buses, trucks, pontoon boats, trains, manufactured houses, modular housing, trailers for transporting boats, animals, equipment, and other cargo, and trailers. It sells its products to RV OEMs like Thor Industries, Forest River, Winnebago, and others, as well as to manufacturers in related industries.

LCI Industries (NYSE:LCII) reported an almost steady yearly revenue of $3.7 billion, down just 1% year over year, displaying strong performance in an unstable RV and marine market. The company expanded across its top five product categories, which now account for 71% of RV OEM sales in North America, further solidifying its market leadership. Notably, market share gains propelled the automotive aftermarket segment’s 7% organic expansion. EBITDA grew by $89 million in spite of a weaker sales and mix environment, showing solid operational execution. The firm’s relationship with Camping World saw a 62% spike in sales, and in 2025, the company aims to open 100 more locations.

Furthermore, the company’s financial situation improved as it generated $370 million in operational cash flow and reduced net debt to less than 2x EBITDA. LCI Industries (NYSE:LCII)’s gross margin increased to 21.1% in Q4 2024 from 19.2% the previous year due to operational improvements, including decreased steel costs, exhibiting improved efficiency and cost control.