NASDAQ : LGN

Legence Corp. — Financial statements

Industrials · Engineering & Construction · United States

Last price 41.9 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.53B

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Financial statements

Legence Corp. (LGN) reported revenue of 3.75B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022
Revenue3.75B2.55B2.10B1.62B1.25B
Cost of Revenue3.04B2.01B1.67B1.30B1.01B
Gross Profit701.93M535.92M430.77M315.15M233.71M
Selling, General & Admin462.99M339.93M239.34M184.45M141.03M
Operating Expenses586.72M440.30M336.49M264.69M223.54M
Operating Income115.21M95.63M94.27M50.45M10.17M
Interest Expense-75.64M-101.78M-91.61M-68.20M-50.84M
Interest & Investment Income6.20M4.49M5.46M4.25M236.00K
Earnings From Equity Investments1.21M1.44M3.06M1.33M
Other Non Operating Income (Expenses)-14.52M-12.78M-7.33M-557.00K-513.00K
EBT Excluding Unusual Items32.46M-13.00M3.86M-12.72M-40.94M
Merger & Restructuring Charges-18.81M-8.44M-9.18M-5.40M-6.66M
Impairment of Goodwill-46.55M-24.97M-17.80M-5.05M-23.44M
Gain (Loss) on Sale of Assets288.00K326.00K
Asset Writedown-21.91M-2.42M
Other Unusual Items-6.66M-6.65M-30.77M-3.62M
Pretax Income-61.18M-55.14M-23.12M-53.94M-74.66M
Income Tax Expense10.29M22.16M4.52M-7.92M7.61M
Earnings From Continuing Operations-71.47M-77.30M-27.64M-46.03M-82.27M
Minority Interest in Earnings26.42M17.52M-912.00K
Net Income-45.04M-59.78M-28.55M-46.03M-82.27M
Preferred Dividends & Other Adjustments-25.98M-25.98M
Net Income to Common-19.06M-33.80M-28.55M-46.03M-82.27M
Shares Outstanding (Basic)65.93M59.38M
Shares Outstanding (Diluted)65.93M59.38M
EPS (Basic)-0.29-0.57
EPS (Diluted)-0.48-0.57
Free Cash Flow323.18M218.93M10.26M16.84M684.00K
Free Cash Flow Per Share4.903.69
Gross Margin18.74%21.01%20.53%19.51%18.75%
Operating Margin3.08%3.75%4.49%3.12%0.82%
Profit Margin-0.51%-1.32%-1.36%-2.85%-6.60%
Free Cash Flow Margin8.63%8.58%0.49%1.04%0.06%
EBITDA257.85M209.92M205.12M143.26M103.19M
EBITDA Margin6.88%8.23%9.77%8.87%8.28%
D&A For EBITDA142.63M114.29M110.85M92.80M93.02M
EBIT115.21M95.63M94.27M50.45M10.17M
EBIT Margin3.08%3.75%4.49%3.12%0.82%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022
Cash & Equivalents291.98M230.17M81.17M88.92M
Trading Asset Securities3.46M42.00K5.86M22.05M
Cash & Short-Term Investments295.44M230.21M87.03M110.97M
Accounts Receivable1.29B829.75M629.24M540.25M
Other Receivables12.15M14.25M7.50M7.82M
Receivables1.30B844.00M636.74M548.07M
Inventory14.17M11.30M10.25M10.00M
Prepaid Expenses33.56M22.60M18.91M17.85M
Other Current Assets3.90M2.24M3.49M1.78M
Total Current Assets1.65B1.11B756.41M688.67M
Property, Plant & Equipment283.95M209.47M164.30M138.02M
Long-Term Investments2.37M3.39M1.30M
Goodwill822.52M764.34M781.19M676.03M
Other Intangible Assets792.17M551.42M624.25M618.15M
Long-Term Accounts Receivable2.04M1.77M
Long-Term Deferred Tax Assets174.90M13.40M
Long-Term Deferred Charges28.40M3.70M
Other Long-Term Assets15.60M2.02M17.21M2.20M
Total Assets3.74B2.68B2.35B2.13B
Accounts Payable428.99M246.16M126.50M107.39M
Accrued Expenses171.74M81.33M83.09M76.44M
Current Portion of Long-Term Debt26.32M13.83M20.44M13.89M
Current Portion of Leases31.01M25.05M16.95M11.54M
Current Unearned Revenue517.93M339.46M164.13M164.60M
Other Current Liabilities48.67M2.32M65.70M
Total Current Liabilities1.22B708.16M411.11M439.56M
Long-Term Debt993.36M805.81M1.58B1.03B
Long-Term Leases145.00M110.66M85.34M61.20M
Long-Term Deferred Tax Liabilities43.40M46.71M35.43M48.67M
Other Long-Term Liabilities355.73M219.26M35.72M20.48M
Total Liabilities2.76B1.89B2.15B1.60B
Common Stock1.08M1.05M443.74M722.38M
Additional Paid-In Capital917.01M701.79M
Retained Earnings-321.70M-309.95M-250.17M-221.61M
Comprehensive Income & Other4.07M-698.00K9.11M22.17M
Total Common Equity600.46M392.20M202.68M522.93M
Minority Interest377.08M396.60M912.00K
Shareholders' Equity977.54M788.79M203.59M522.93M
Total Liabilities & Equity3.74B2.68B2.35B2.13B
Total Debt1.20B955.35M1.70B1.12B
Net Cash (Debt)-900.24M-725.14M-1.62B-1.01B
Net Cash Per Share-13.65-12.21
Filing Date Shares Outstanding76.90M67.34M
Total Common Shares Outstanding76.88M63.86M
Working Capital423.51M402.19M345.31M249.11M
Book Value Per Share7.816.14
Tangible Book Value-1.01B-923.56M-1.20B-771.25M
Tangible Book Value Per Share-13.19-14.46
Machinery133.93M108.77M90.48M
Construction In Progress10.59M560.00K938.00K
Leasehold Improvements28.23M22.49M15.09M
Order Backlog2.79B1.73B1.31B1.04B

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022
Net Income-45.04M-59.78M-28.55M-46.03M-82.27M
Depreciation & Amortization142.63M114.29M110.85M92.80M93.02M
Other Amortization2.27M3.48M5.05M5.04M5.54M
Asset Writedown & Restructuring Costs68.46M27.38M17.80M5.05M23.44M
Loss (Gain) on Equity Investments489.00K257.00K-2.06M
Stock-Based Compensation160.79M67.55M5.41M10.05M5.18M
Other Operating Activities17.14M26.77M4.05M27.95M17.28M
Change in Accounts Receivable-340.42M-201.25M-33.04M-104.66M-97.16M
Change in Accounts Payable176.69M117.91M10.70M-5.02M17.27M
Change in Unearned Revenue203.58M172.19M-14.51M46.15M50.67M
Change in Other Net Operating Assets2.23M-11.92M-46.43M2.58M-5.97M
Operating Cash Flow388.82M256.87M29.27M33.92M27.00M
Capital Expenditures-65.64M-37.94M-19.01M-17.07M-26.31M
Sale of Property, Plant & Equipment444.00K390.00K269.00K353.00K88.00K
Cash Acquisitions-297.34M-16.50M-225.25M-119.88M-134.15M
Investment in Securities2.70M
Investing Cash Flow-362.54M-54.05M-243.99M-133.90M-160.38M
Short-Term Debt Issued20.25M
Long-Term Debt Issued59.64M565.00M155.00M149.45M
Total Debt Issued282.14M59.64M565.00M155.00M169.70M
Short-Term Debt Repaid-20.25M
Long-Term Debt Repaid-863.93M-22.63M-16.53M-11.22M
Total Debt Repaid-883.16M-863.93M-22.63M-16.53M-31.47M
Net Debt Issued (Repaid)-601.02M-804.30M542.37M138.47M138.23M
Issuance of Common Stock780.24M780.24M400.00K550.00K41.73M
Common Dividends Paid-301.61M-1.53M-268.00K
Other Financing Activities-11.43M-29.77M-34.20M-9.02M-5.88M
Financing Cash Flow167.79M-53.83M206.96M128.47M173.81M
Net Cash Flow194.08M149.00M-7.75M28.49M40.43M
Free Cash Flow323.18M218.93M10.26M16.84M684.00K
Free Cash Flow Margin8.63%8.58%0.49%1.04%0.06%
Free Cash Flow Per Share4.903.69
Levered Free Cash Flow370.28M228.34M-28.12M
Unlevered Free Cash Flow415.29M288.47M24.08M
Cash Interest Paid69.98M96.88M85.66M61.79M44.65M
Cash Income Tax Paid17.34M16.44M17.50M10.16M641.00K
Change in Working Capital42.09M76.93M-83.28M-60.95M-35.19M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022
Market Capitalization3.94B2.52B
Enterprise Value4.84B3.73B
Last Close Price38.8343.04
Forward PE17.5652.28
PS Ratio1.130.99
PB Ratio4.973.20
P/FCF Ratio13.1411.53
P/OCF Ratio10.929.83
EV/Sales Ratio1.371.46
EV/EBITDA Ratio19.9617.77
EV/EBIT Ratio44.6639.01
EV/FCF Ratio15.9217.04
Debt / Equity Ratio1.221.218.372.14
Debt / EBITDA Ratio3.753.616.926.44
Debt / FCF Ratio3.704.36166.0966.49
Net Debt / Equity Ratio0.920.927.941.93
Net Debt / EBITDA Ratio3.493.457.887.04
Net Debt / FCF Ratio2.793.31157.6059.90
Asset Turnover1.221.010.94
Inventory Turnover248.02186.97164.72
Quick Ratio1.301.521.761.50
Current Ratio1.351.571.841.57
Return on Equity (ROE)-12.43%-15.58%-7.61%
Return on Assets (ROA)2.34%2.38%2.63%
Return on Capital Employed (ROCE)4.60%4.90%4.90%3.00%
Earnings Yield-1.32%-2.37%
FCF Yield7.61%8.67%