Skip to content
stoqly

Legence Corp.

LGN Nasdaq Construction - Special Trade Contractors Financials FY2023–FY2025

Revenue Total sales reported in the income statement.
$2.6B
21.5% vs prior year
Operating margin Operating income as a share of revenue.
2.4%
0.9 pts
Net income Profit after all expenses, interest and tax.
−$59.8M
Free cash flow Cash from operations minus capital spending.
$219M
2,033.8%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
4.9%
Market cap Last close times the latest diluted share count, so it is approximate.
—
P/E Last close divided by diluted earnings per share over the last four quarters.
—

What Legence Corp. does

No business description yet.

Legal name
Legence Corp.
Fiscal year ends
December 31, 2025
Latest annual report
10-K · Mar 30, 2026
Accession · CIK
0002052568-26-000008
0002052568

Revenue and margins

Legence Corp. had $2.6B of revenue in fiscal 2025, up 21.5% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $219M in fiscal 2025, 8.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Legence Corp. returned — to shareholders in fiscal 2025. The diluted share count rose 0.0%.

Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Balance sheet

Cash, debt and the ratios that show how comfortably Legence Corp. can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY23FY24FY25
Cash and short-term investments —$81.2M$230M
Debt incl. finance leases —$1.6B$840M
Net debt / EBITDA —9.2x3.8x
Debt / equity ——2.1x
Interest coverage 0.2x0.8x0.6x
Current ratio —1.8x1.6x
Quick ratio —1.8x1.6x
Total assets —$2.4B$2.7B
Total liabilities —$2.1B$1.9B
Shareholders' equity ——$392M
Net debt (− = net cash) —$1.5B$610M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$0.0M

0 insiders

Of sales under plans

—

$0.0M

No open-market insider trades in the last 12 months.

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✕ ✕ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose — — ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets — — ✓
Current ratio rose — — ✕
Share count didn't rise — — —
Gross margin rose — ✓ ✓
Revenue rose relative to assets — — ✓
F-score — / 3— / 45 / 8
Accruals ratio —−2.5%−12.6%
Altman Z'' ——0.98

3 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY23FY24FY25
Income statement
Revenue $1.6B $2.1B $2.6B
Gross profit $315M $431M $536M
Operating income $10.3M $70.4M $61.6M
Interest expense $68.2M $91.6M $102M
Pretax income −$53.9M −$23.1M −$55.1M
Income tax −$7.9M $4.5M $22.2M
Net income −$46.0M −$28.6M −$59.8M
Cash flow
Cash from operations $33.9M $29.3M $257M
Capital expenditure $17.1M $19.0M $37.9M
Free cash flow $16.8M $10.3M $219M
Depreciation and amortization $80.2M $97.2M $100M
Stock-based compensation $10.1M $5.4M $67.6M
Acquisitions $120M $225M $16.5M
Balance sheet
Cash and short-term investments — $81.2M $230M
Total debt — $1.6B $829M
Finance lease liabilities — $7.2M $10.6M
Current assets — $756M $1.1B
Current liabilities — $411M $708M
Inventory — $10.2M $11.3M
Property and equipment, net — $73.4M —
Goodwill $676M $781M $764M
Intangible assets — $624M $551M
Total assets — $2.4B $2.7B
Total liabilities — $2.1B $1.9B
Preferred stock — — $0.0M
Shareholders' equity — — $392M
Margins
Gross margin 19.5% 20.5% 21.0%
Operating margin 0.6% 3.4% 2.4%
EBITDA margin 5.6% 8.0% 6.3%
Net margin −2.8% −1.4% −2.3%
FCF margin 1.0% 0.5% 8.6%
Returns
Return on capital — — 4.9%
Return on capital employed — 3.6% 3.1%
Return on equity — — −15.2%
Return on assets — −1.2% −2.4%
Growth
Revenue growth — 29.9% 21.5%
FCF growth — −39.1% 2,033.8%
Financial health
Net debt / EBITDA — 9.2x 3.8x
Debt / equity — — 2.1x
Interest coverage 0.2x 0.8x 0.6x
Current ratio — 1.8x 1.6x
Quick ratio — 1.8x 1.6x
Capital allocation
Capex / revenue 1.1% 0.9% 1.5%
Stock comp / revenue 0.6% 0.3% 2.6%
Quality scores
Piotroski F-score — — 5.0
Altman Z'' — — 1.0
Accruals ratio — −2.5% −12.6%

Source: SEC EDGAR XBRL filings (CIK 0002052568). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open