NASDAQ : LGIH
LGI Homes, Inc. — Financial statements
Consumer Discretionary · Residential Construction · United States
Last price 44.37 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.03B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
LGI Homes, Inc. (LGIH) reported revenue of 1.68B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.68B | 1.71B | 2.20B | 2.36B | 2.30B | 3.05B |
| Cost of Revenue | 1.35B | 1.35B | 1.67B | 1.81B | 1.65B | 2.23B |
| Gross Profit | 330.60M | 357.00M | 537.32M | 548.68M | 653.47M | 823.00M |
| Selling, General & Admin | 262.46M | 273.77M | 321.14M | 308.93M | 256.49M | 270.34M |
| Operating Expenses | 262.46M | 273.77M | 321.14M | 308.93M | 256.49M | 270.34M |
| Operating Income | 68.14M | 83.23M | 216.18M | 239.75M | 396.98M | 552.66M |
| Earnings From Equity Investments | 1.90M | 1.90M | 13.30M | 12.80M | 5.50M | |
| Other Non Operating Income (Expenses) | 21.54M | 14.21M | 19.45M | 14.06M | 20.30M | 8.34M |
| EBT Excluding Unusual Items | 91.58M | 99.35M | 248.93M | 266.61M | 422.78M | 561.00M |
| Merger & Restructuring Charges | -2.54M | -3.46M | -4.03M | -6.49M | -6.87M | -4.96M |
| Gain (Loss) on Sale of Assets | 2.60M | 2.60M | 14.01M | 1.63M | 2.21M | 717.00K |
| Other Unusual Items | -13.98M | |||||
| Pretax Income | 91.63M | 98.49M | 258.91M | 261.75M | 418.12M | 542.77M |
| Income Tax Expense | 25.46M | 25.93M | 62.84M | 62.53M | 91.55M | 113.13M |
| Net Income | 66.17M | 72.55M | 196.07M | 199.23M | 326.57M | 429.64M |
| Net Income to Common | 66.17M | 72.55M | 196.07M | 199.23M | 326.57M | 429.64M |
| Shares Outstanding (Basic) | 23.13M | 23.19M | 23.53M | 23.51M | 23.49M | 24.61M |
| Shares Outstanding (Diluted) | 23.20M | 23.25M | 23.61M | 23.65M | 23.73M | 24.91M |
| EPS (Basic) | 2.86 | 3.13 | 8.33 | 8.48 | 13.90 | 17.46 |
| EPS (Diluted) | 2.85 | 3.12 | 8.30 | 8.42 | 13.76 | 17.25 |
| Free Cash Flow | 131.01M | -140.90M | -145.69M | -58.41M | -371.64M | 19.97M |
| Free Cash Flow Per Share | 5.65 | -6.06 | -6.17 | -2.47 | -15.66 | 0.80 |
| Gross Margin | 19.65% | 20.93% | 24.39% | 23.26% | 28.36% | 26.98% |
| Operating Margin | 4.05% | 4.88% | 9.81% | 10.17% | 17.23% | 18.12% |
| Profit Margin | 3.93% | 4.25% | 8.90% | 8.45% | 14.17% | 14.09% |
| Free Cash Flow Margin | 7.79% | -8.26% | -6.62% | -2.48% | -16.13% | 0.66% |
| EBITDA | 73.11M | 87.56M | 219.29M | 242.16M | 398.55M | 553.82M |
| EBITDA Margin | 4.34% | 5.13% | 9.96% | 10.27% | 17.29% | 18.16% |
| D&A For EBITDA | 4.97M | 4.32M | 3.11M | 2.41M | 1.58M | 1.15M |
| EBIT | 68.14M | 83.23M | 216.18M | 239.75M | 396.98M | 552.66M |
| EBIT Margin | 4.05% | 4.88% | 9.81% | 10.17% | 17.23% | 18.12% |
| Effective Tax Rate | 27.79% | 26.33% | 24.27% | 23.89% | 21.90% | 20.84% |
| Advertising Expenses | 40.20M | 43.60M | 33.10M | 18.70M | 7.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 61.08M | 61.25M | 53.20M | 48.98M | 32.00M | 50.51M |
| Cash & Short-Term Investments | 61.08M | 61.25M | 53.20M | 48.98M | 32.00M | 50.51M |
| Receivables | 33.85M | 32.47M | 28.72M | 41.32M | 25.14M | 57.91M |
| Inventory | 3.51B | 3.52B | 3.39B | 3.11B | 2.90B | 2.09B |
| Prepaid Expenses | 14.90M | 14.10M | 6.90M | 8.30M | 12.00M | |
| Total Current Assets | 3.61B | 3.63B | 3.48B | 3.20B | 2.96B | 2.21B |
| Property, Plant & Equipment | 153.78M | 111.84M | 62.64M | 50.12M | 37.90M | 22.04M |
| Long-Term Investments | 24.60M | 21.20M | 28.30M | 21.50M | 11.20M | 5.60M |
| Goodwill | 12.02M | 12.02M | 12.02M | 12.02M | 12.02M | 12.02M |
| Long-Term Deferred Tax Assets | 10.39M | 9.90M | 9.27M | 8.16M | 6.19M | 6.20M |
| Long-Term Deferred Charges | 5.02M | 9.76M | 7.01M | 3.40M | 2.62M | 3.20M |
| Other Long-Term Assets | 105.24M | 133.34M | 155.43M | 107.80M | 91.17M | 96.47M |
| Total Assets | 3.92B | 3.93B | 3.76B | 3.41B | 3.12B | 2.35B |
| Accounts Payable | 58.75M | 16.18M | 33.27M | 31.62M | 25.29M | 14.17M |
| Accrued Expenses | 28.53M | 28.90M | 32.21M | 36.07M | 23.81M | 32.34M |
| Current Portion of Leases | 979.00K | 1.88M | 5.33M | |||
| Current Income Taxes Payable | 6.16M | 9.70M | 43.08M | 14.69M | 47.04M | 11.60M |
| Other Current Liabilities | 14.80M | 14.50M | 16.10M | 13.60M | 10.75M | 7.85M |
| Total Current Liabilities | 109.21M | 71.17M | 124.66M | 95.98M | 106.88M | 71.30M |
| Long-Term Debt | 1.58B | 1.66B | 1.48B | 1.25B | 1.12B | 805.24M |
| Long-Term Leases | 3.62M | 3.26M | 6.13M | 4.95M | 5.18M | |
| Other Long-Term Liabilities | 92.19M | 99.73M | 109.79M | 202.56M | 253.35M | 79.48M |
| Total Liabilities | 1.79B | 1.83B | 1.72B | 1.55B | 1.48B | 956.02M |
| Common Stock | 279.00K | 277.00K | 276.00K | 275.00K | 272.00K | 269.00K |
| Additional Paid-In Capital | 354.48M | 347.31M | 337.16M | 321.06M | 306.67M | 291.58M |
| Retained Earnings | 2.19B | 2.16B | 2.09B | 1.89B | 1.69B | 1.36B |
| Treasury Stock | -409.58M | -409.63M | -386.00M | -355.02M | -355.02M | -259.92M |
| Shareholders' Equity | 2.13B | 2.10B | 2.04B | 1.86B | 1.64B | 1.40B |
| Total Liabilities & Equity | 3.92B | 3.93B | 3.76B | 3.41B | 3.12B | 2.35B |
| Total Debt | 1.59B | 1.66B | 1.49B | 1.25B | 1.12B | 810.57M |
| Net Cash (Debt) | -1.52B | -1.60B | -1.43B | -1.20B | -1.09B | -760.05M |
| Net Cash Per Share | -65.72 | -68.83 | -60.72 | -50.92 | -45.94 | -30.51 |
| Filing Date Shares Outstanding | 23.25M | 23.13M | 23.40M | 23.58M | 23.31M | 23.92M |
| Total Common Shares Outstanding | 23.25M | 23.13M | 23.40M | 23.58M | 23.31M | 23.92M |
| Working Capital | 3.50B | 3.56B | 3.36B | 3.11B | 2.86B | 2.14B |
| Book Value Per Share | 91.73 | 90.62 | 87.07 | 78.71 | 70.47 | 58.36 |
| Tangible Book Value | 2.12B | 2.08B | 2.03B | 1.84B | 1.63B | 1.38B |
| Tangible Book Value Per Share | 91.22 | 90.10 | 86.56 | 78.20 | 69.96 | 57.86 |
| Machinery | 3.33M | 3.17M | 2.32M | 1.19M | 1.07M | |
| Leasehold Improvements | 1.80M | 1.80M | 1.72M | 1.47M | 1.34M | |
| Order Backlog | 501.30M | 236.51M | 224.85M | 252.00M | 659.23M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 66.17M | 72.55M | 196.07M | 199.23M | 326.57M | 429.64M |
| Depreciation & Amortization | 4.97M | 4.32M | 3.11M | 2.41M | 1.58M | 1.15M |
| Loss (Gain) From Sale of Assets | -10.39M | -2.60M | -14.01M | -1.63M | -2.21M | -717.00K |
| Loss (Gain) on Equity Investments | -909.00K | 2.87M | 1.07M | 1.99M | -914.00K | |
| Stock-Based Compensation | 6.22M | 6.00M | 10.48M | 8.93M | 9.19M | 13.60M |
| Other Operating Activities | 11.44M | 6.08M | -1.11M | -1.98M | -7.04M | 14.76M |
| Change in Accounts Receivable | 746.00K | -3.75M | 12.60M | -16.18M | 32.77M | 58.03M |
| Change in Inventory | -36.62M | -257.04M | -365.89M | -255.52M | -823.92M | -463.64M |
| Change in Accounts Payable | 12.71M | -17.09M | 1.66M | 6.33M | 11.12M | -760.00K |
| Change in Other Net Operating Assets | 78.23M | 48.68M | 12.28M | -545.00K | 82.42M | -30.37M |
| Operating Cash Flow | 132.56M | -139.97M | -143.74M | -56.97M | -370.45M | 21.70M |
| Capital Expenditures | -1.55M | -924.00K | -1.95M | -1.44M | -1.19M | -1.73M |
| Sale of Property, Plant & Equipment | 53.10M | 24.70M | 25.44M | |||
| Cash Acquisitions | -66.97M | |||||
| Investment in Securities | -163.00K | 4.16M | -7.87M | -12.21M | -4.78M | -1.69M |
| Investing Cash Flow | 51.39M | 27.94M | 15.62M | -13.65M | -5.97M | -70.39M |
| Long-Term Debt Issued | 668.70M | 992.31M | 937.68M | 768.44M | 1.24B | |
| Long-Term Debt Repaid | -522.94M | -827.85M | -841.03M | -316.81M | -969.00M | |
| Net Debt Issued (Repaid) | -184.21M | 145.76M | 164.46M | 96.66M | 451.62M | 270.82M |
| Issuance of Common Stock | 3.77M | 3.61M | 4.83M | 5.26M | 5.62M | 7.11M |
| Repurchase of Common Stock | -23.64M | -30.97M | -95.10M | -193.78M | ||
| Other Financing Activities | -1.99M | -5.64M | -5.98M | -14.32M | -4.24M | -20.89M |
| Financing Cash Flow | -182.43M | 120.08M | 132.34M | 87.60M | 357.90M | 63.26M |
| Net Cash Flow | 1.52M | 8.05M | 4.22M | 16.98M | -18.52M | 14.57M |
| Free Cash Flow | 131.01M | -140.90M | -145.69M | -58.41M | -371.64M | 19.97M |
| Free Cash Flow Margin | 7.79% | -8.26% | -6.62% | -2.48% | -16.13% | 0.66% |
| Free Cash Flow Per Share | 5.65 | -6.06 | -6.17 | -2.47 | -15.66 | 0.80 |
| Levered Free Cash Flow | 208.32M | -131.22M | -99.37M | -75.29M | -477.33M | -124.12M |
| Unlevered Free Cash Flow | 208.32M | -131.22M | -99.37M | -75.29M | -477.33M | -124.12M |
| Cash Interest Paid | 118.97M | 120.53M | 112.98M | 80.96M | 41.59M | 28.85M |
| Cash Income Tax Paid | 18.49M | 62.39M | 35.38M | 96.30M | 56.90M | 127.90M |
| Change in Working Capital | 55.07M | -229.21M | -339.35M | -265.91M | -697.62M | -436.74M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.11B | 991.48M | 2.10B | 3.14B | 2.16B | 3.75B |
| Enterprise Value | 2.63B | 2.69B | 3.59B | 4.29B | 3.34B | 4.37B |
| Last Close Price | 44.37 | 42.96 | 89.40 | 133.16 | 92.60 | 154.48 |
| PE Ratio | 16.68 | 13.67 | 10.72 | 15.75 | 6.60 | 8.73 |
| Forward PE | 15.09 | 11.60 | 9.02 | 12.82 | 10.48 | 9.92 |
| PS Ratio | 0.65 | 0.58 | 0.95 | 1.33 | 0.94 | 1.23 |
| PB Ratio | 0.48 | 0.47 | 1.03 | 1.69 | 1.31 | 2.69 |
| P/TBV Ratio | 0.52 | 0.48 | 1.04 | 1.70 | 1.32 | 2.71 |
| P/FCF Ratio | 8.40 | 187.76 | ||||
| P/OCF Ratio | 8.30 | 172.80 | ||||
| PEG Ratio | 1.05 | 0.43 | 0.51 | 0.40 | 0.28 | |
| EV/Sales Ratio | 1.56 | 1.57 | 1.63 | 1.82 | 1.45 | 1.43 |
| EV/EBITDA Ratio | 35.90 | 30.68 | 16.39 | 17.70 | 8.38 | 7.90 |
| EV/EBIT Ratio | 38.52 | 32.28 | 16.62 | 17.88 | 8.41 | 7.91 |
| EV/FCF Ratio | 20.03 | 219.01 | ||||
| Debt / Equity Ratio | 0.74 | 0.79 | 0.73 | 0.68 | 0.68 | 0.58 |
| Debt / EBITDA Ratio | 21.11 | 18.56 | 6.71 | 5.12 | 2.80 | 1.46 |
| Debt / FCF Ratio | 12.10 | 40.59 | ||||
| Net Debt / Equity Ratio | 0.71 | 0.76 | 0.70 | 0.65 | 0.66 | 0.55 |
| Net Debt / EBITDA Ratio | 20.85 | 18.28 | 6.54 | 4.97 | 2.73 | 1.37 |
| Net Debt / FCF Ratio | 11.64 | -11.36 | -9.84 | -20.62 | -2.93 | 38.06 |
| Asset Turnover | 0.42 | 0.44 | 0.61 | 0.72 | 0.84 | 1.46 |
| Inventory Turnover | 0.38 | 0.39 | 0.51 | 0.60 | 0.66 | 1.22 |
| Quick Ratio | 0.87 | 1.32 | 0.66 | 0.94 | 0.54 | 1.52 |
| Current Ratio | 33.03 | 51.00 | 27.95 | 33.39 | 27.73 | 30.94 |
| Return on Equity (ROE) | 3.16% | 3.51% | 10.07% | 11.39% | 21.50% | 33.90% |
| Return on Assets (ROA) | 1.07% | 1.35% | 3.77% | 4.59% | 9.06% | 16.54% |
| Return on Invested Capital (ROIC) | 1.33% | 1.71% | 5.01% | 6.30% | 12.68% | 23.01% |
| Return on Capital Employed (ROCE) | 1.80% | 2.20% | 5.90% | 7.20% | 13.20% | 24.20% |
| Earnings Yield | 5.99% | 7.32% | 9.33% | 6.35% | 15.14% | 11.46% |
| FCF Yield | 11.91% | -14.21% | -6.93% | -1.86% | -17.23% | 0.53% |
| Buyback Yield / Dilution | 1.19% | 1.51% | 0.16% | 0.35% | 4.73% | 1.86% |