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Financials · LGN

Legence Corp. (LGN) financials

For the twelve months ended Jun 30, 2026, Legence Corp. reported $3.75B of revenue and -$43.74M of net income.

Revenue, TTM
$3.75B
Revenue growth, YoY
+69.2%
Net income, TTM
-$43.74M
Net margin
-1.2%
Free cash flow, TTM
$323.18M
Cash
$291.98M
Total debt
$1.01B
P/S
0.81
Market cap
$3.02B
Annual revenue$2.55B
FY2023FY2025
Annual net income-$59.78M
FY2023FY2025
Annual free cash flow$218.93M
FY2023FY2025

LGN revenue and earnings growth

LGN revenueQ2 2026$1.26B

Quarter YoY
+110.7%
QoQ
+21.6%
FY YoY
+21.5%

LGN revenue was $1.26B in fiscal Q2 2026 (ended Jun 30, 2026), up 110.7% from a year earlier and up 21.6% from the prior quarter. For the full fiscal 2025 it was $2.55B, up 21.5% from fiscal 2024.

LGN net incomeQ2 2026-$27.84M

LGN net income was -$27.84M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$5.27M a year earlier. For the full fiscal 2025 it was -$59.78M, compared with -$28.55M in fiscal 2024.

LGN EPSQ2 2026-$0.37

LGN diluted EPS was -$0.37 in fiscal Q2 2026 (ended Jun 30, 2026).

LGN free cash flowQ2 2026$50.34M

Quarter YoY
+107.3%
QoQ
-50.8%
FY YoY
21x

LGN free cash flow was $50.34M in fiscal Q2 2026 (ended Jun 30, 2026), up 107.3% from a year earlier and down 50.8% from the prior quarter. For the full fiscal 2025 it was $218.93M, up about 21-fold from fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue$2.55B$2.10B$1.62B
Cost of revenue$2.01B$1.67B$1.30B
Gross profit$535.92M$430.77M$315.15M
Selling, general and admin$342.63M$242.89M$186.06M
Operating income$61.58M$70.35M$10.26M
Interest expense$101.78M$91.61M$68.20M
Pre-tax income-$55.14M-$23.12M-$53.94M
Income tax$22.16M$4.52M-$7.92M
Net income-$59.78M-$28.55M-$46.03M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Cash and equivalents$230.17M$81.17M-
Receivables$584.06M$448.61M-
Inventory$11.30M$10.25M-
Current assets$1.11B$756.41M-
Goodwill$764.34M$781.19M$676.03M
Total assets$2.68B$2.35B-
Current liabilities$708.16M$411.11M-
Long-term debt$812.40M$1.59B-
Total debt$812.40M$1.59B-
Total liabilities$1.89B$2.15B-
Shareholders' equity$392.20M--

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Operating cash flow$256.87M$29.27M$33.92M
Capital expenditures$37.94M$19.01M$17.07M
Free cash flow$218.93M$10.26M$16.84M
Investing cash flow-$54.05M-$243.99M-$133.90M
Financing cash flow-$53.83M$206.96M$128.47M
Stock-based compensation$67.55M$5.41M$10.05M
Depreciation and amortization$100.36M$97.15M$80.24M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
Revenue growth, YoY21.5%29.9%-
Gross margin21.0%20.5%19.5%
Operating margin2.4%3.4%0.6%
Net margin-2.3%-1.4%-2.8%
Free cash flow margin8.6%0.5%1.0%
Return on equity-15.2%--
Return on assets-2.2%-1.2%-
Current ratio1.571.84-
Debt to equity2.07--

Source: XBRL data Legence Corp. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

LGN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
LGN$3.75B+69.2%-$43.74M-1.2%$3.02B
PWR$37.29B+37.1%$1.70B4.6%$81.50B
FIX$12.54B+50.7%$1.63B13.0%$35.60B
EME$19.84B+22.1%$1.54B7.8%$26.64B
IESC$3.99B+22.7%$456.11M11.4%$6.45B
BBUC$27.46B-32.4%$387.00M1.4%$6.16B
AGX$1.19B+29.0%$179.31M15.1%$3.89B
AMRC$1.88B+12.2%$63.00M3.3%$1.15B
LMB$729.65M+20.9%$30.88M4.2%$627.0M

LGN FAQ

8 questions
  • What is LGN revenue?
    Legence Corp. (LGN) reported $3.75B of revenue for the twelve months ended Jun 30, 2026. That is up 69.2% from the year before. Revenue for fiscal 2025 was $2.55B.
  • Is LGN profitable?
    No. Legence Corp. reported a net loss of $43.74M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does LGN have?
    Legence Corp. reported $291.98M in cash and cash equivalents and $1.01B of debt on its most recent balance sheet in SEC filings.
  • How fast is LGN revenue growing?
    Legence Corp.'s revenue changed +21.5% in fiscal 2025, to $2.55B.
  • What is LGN gross margin?
    Legence Corp.'s gross profit was $701.93M on $3.75B of revenue for the twelve months ended Jun 30, 2026, a gross margin of 18.7%.
  • What is LGN free cash flow?
    Legence Corp. generated $323.18M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $388.82M less capital expenditures.
  • When did LGN last report financial results?
    The latest statements here come from Legence Corp.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this LGN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Legence Corp. files with the SEC. It is provided for information only and is not investment advice.