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Legence Corp. Class A Common stock(LGN)Earnings, Financials & Key Ratios
LGN•NASDAQ
$70.40
Price updated Jul 7, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryBuilding systems and specialty trades
AboutLegence Corp. provides engineering, installation, and maintenance services for mission-critical systems in buildings in United States. The company operates through two segments, Engineering & Consulting, and Installation & Maintenance. The Engineering & Consulting segment designs HVAC and other MEP systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable and provides program and project management services for client's installation and retrofit projects. It offers engineering and design, and program and project management services. The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings and provides ongoing preventative and corrective maintenance services for those systems. The company serves data centers, semiconductors, precision manufacturing, life sciences, healthcare, education, and commercial real estate industries, as well as public sector. The company was founded in 1914 and is based in San Jose, California.Show more
- Revenue$2.55B+21.5%
- EBITDA$207M+22.4%
- Net Income-$60M-715.1%
- EPS (Diluted)-1.01-1157.6%
- Gross Margin21.01%+2.9%
- EBITDA Margin8.12%+0.7%
- Operating Margin3.64%+30.8%
- Net Margin-2.34%-606.1%
- ROE-7.58%
LGN Price & Volume
Legence Corp. Class A Common stock (LGN) stock price & volume — 10-year historical chart
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Aggressive Revenue Scaling Masks Structural Margin Fragility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Negative
Financial:Strained
Cash Flow:Mixed
Primary Risk:Acquisition-Driven Leverage Risk
Key Thesis Takeaways
- Legence Corp.
- is currently executing an aggressive, acquisition-heavy growth strategy that has successfully driven revenue to $1.0 billion in 2026Q1, yet this expansion is heavily reliant on debt financing and significant stock-based compensation.
- While the firm is capturing demand in mission-critical infrastructure, the transition to sustainable profitability remains uncertain as operating margins remain thin at 3.2%.
- Investors should monitor the company's ability to integrate $842.0 million in goodwill and improve operational leverage before committing capital to this high-risk, high-growth industrial play.
Verdict Logic
while the company is scaling rapidly, the forward P/E of 56.42 and the reliance on inorganic growth suggest that the current valuation may not yet reflect the operational risks inherent in the firm's 1.24 debt-to-equity ratio.
LGN Growth Metrics
Legence Corp. Class A Common stock (LGN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years2.86%
5 Years2.86%
3 Years2.86%
Last Year4.75%
LGN Recent Earnings
Legence Corp. Class A Common stock (LGN) EPS & revenue vs analyst estimates — last 3 quarters
●Beat EPS 2/3 qtrs (67%)●Beat Revenue 3/3 qtrs (100%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.24+16.5%
$0.21
Rev
$1.0B+11.5%
$931M
Q2 2026
Mar 27, 2026Metric
Actual
Est
EPS
$0.01+66.7%
$0.03
Rev
$738M+19.2%
$619M
Q4 2025
Nov 14, 2025Metric
Actual
Est
EPS
$0.02-124.1%
$0.08
Rev
$708M+10.8%
$639M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.24vs $0.21+16.5% | $1.0Bvs $931M+11.5% |
| Q2 2026 | Mar 27, 2026 | $0.01vs $0.03+66.7% | $738Mvs $619M+19.2% |
| Q4 2025 | Nov 14, 2025 | $0.02vs $0.08-124.1% | $708Mvs $639M+10.8% |
Based on last 3 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Legence Corp. Class A Common stock (LGN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $70.40 | $4.74B | -69.70 | 21.53% | -2.34% | -7.58% | — | |
| $30.93 | $8.07B | 33.26 | 4.69% | 8.96% | 24.36% | — | |
| $419.08 | $6.53B | 55.65 | 8.79% | 3.71% | 22.14% | — | |
| $609.47 | $12.14B | 40.58 | 16.89% | 10.47% | 40.55% | — | |
| $768.38 | $34.22B | 27.26 | 16.64% | 7.52% | 38.32% | — | |
| $656.79 | $98.56B | 96.59 | 19.76% | 3.72% | 12.96% | — |
Compare LGN vs Peers
Legence Corp. Class A Common stock (LGN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LGN SEC Filings & Documents
Legence Corp. Class A Common stock (LGN) SEC filings — annual & quarterly reports (10-K, 10-Q)
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LGN Frequently Asked Questions
Legence Corp. Class A Common stock (LGN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Legence Corp. Class A Common stock's revenue?
Legence Corp. Class A Common stock (LGN) reported $3.08B in revenue for fiscal year 2025. This represents a 91% increase from $1.62B in 2023.
How fast is Legence Corp. Class A Common stock growing?
Legence Corp. Class A Common stock (LGN) grew revenue by 21.5% over the past year. This is strong growth.
Is LGN profitable?
Legence Corp. Class A Common stock (LGN) reported a net loss of $22.5M for fiscal year 2025.
Dividend & Returns
What is LGN's return on equity?
Legence Corp. Class A Common stock (LGN) has a return on equity (ROE) of -7.6%. Negative ROE indicates the company is unprofitable.
What is Legence Corp. Class A Common stock's free cash flow?
Legence Corp. Class A Common stock (LGN) generated $297.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.