The company serves original equipment manufacturers (OEMs) and also caters to aftermarket needs through retail dealers, wholesale distributors, service centers, and direct-to-consumer online sales. The OEM segment generated 77% of net sales with $3.1 billion in sales, while the aftermarket segment contributed 23% with $932.4 million, which includes CURT-branded towing and truck accessories.
Cyborg Score Rationale
2025 saw consolidated net sales of $4.1 billion (up from $3.7 billion in 2024) with net income rising to $188.3 million, representing strong profitability growth driven by acquisitions and higher RV demand. The company maintains strategic positioning in a cyclical but expanding market with multiple revenue streams.
Top Insights
Completed four acquisitions for $112.7 million in cash in 2025, adding targets with $194 million of prior-year sales.
Fourth quarter 2025 net sales increased 16% to $933 million with operating profit margin expanding 180 basis points to 3.8%.
OEM segment sales composition shows $1.9 billion from RV OEMs and $1.2 billion from adjacent industries including marine, buses, trailers, and manufactured homes.
Key risk factors include customer concentration, raw material and tariff volatility, cyclicality in RV and marine markets, and labor challenges.
Named Competitors
THOR Industries — RV and specialty vehicle manufacturer
Winnebago Industries — RV and outdoor recreation manufacturer
Polaris Industries — Recreational vehicle and powersports manufacturer
Recent Developments
(February 2026) Reported full-year 2025 net sales of $4.1 billion with net income of $188.3 million
(February 2026) Q4 2025 net sales increased 16% to $933 million with operating margin expansion of 180 basis points
(2025) Completed four acquisitions adding $194 million in prior-year sales to portfolio
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