Legence Corp. (LGN) Stock Analysis
Industrials · Engineering & Construction · NasdaqGS
Legence Corp. (LGN) posted $2.55B in revenue for fiscal 2025 (up 21.5% year over year), with a net loss of $59.78M, and has compounded revenue about 27.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Legence Corp.
Legence Corp. has grown revenue from $1.25B to $2.55B over the last 4 fiscal years, compounding about 27% a year. The most recent year was up 21.5%, so growth has cooled from its longer-run pace.
Net margin sits at -2.3%, down 0.9 points year over year on a 21% gross margin.
At today's valuation the market is pricing in roughly 23.6% annual free-cash-flow growth. The one thing worth a second look in the filings is currently unprofitable.
Synthesised from Legence Corp.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Legence Corp. revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $1.25B | $1.62B | $2.10B | $2.55B |
| Gross profit | $233.71M | $315.15M | $430.77M | $535.92M |
| Net income | $-82.27M | $-46.03M | $-28.55M | $-59.78M |
| Net margin | -6.6% | -2.8% | -1.4% | -2.3% |
Source: Legence Corp. SEC filings (10-K).
Legence Corp.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -2.3%).
What growth is priced into LGN stock?
At today's market cap of $14.02B, Legence Corp. is priced for free-cash-flow growth of about 23.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $218.93M from the FY ending 2025-12-31). This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 4 years of Legence Corp. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track LGN in your portfolio →
Legence Corp. financial history by metric
Compare Legence Corp. with peers
About Legence Corp.
Legence Corp. provides engineering, installation, and maintenance services for mission-critical systems in buildings in the 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. This segment also offers engineering & 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, emergency repair, and break-fix services, as well as facility energy analysis, automation, optimization, and system certification and testing. It serves data centers, technology, life sciences, healthcare, education, mixed-use, state and local government, and other markets. The company was founded in 1914 and is based in San Jose, California.
Legence Corp. — frequently asked questions
What is Legence Corp.'s revenue?
Legence Corp. (LGN) reported revenue of $2.55B for fiscal year 2025, up 21.5% from the prior year, according to its SEC filings.
Is Legence Corp. profitable?
No — LGN reported a net loss of $-59.78M in fiscal 2025.
What is LGN's P/E ratio?
Legence Corp. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Legence Corp. growing?
LGN's revenue grew at roughly 27.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Legence Corp. have?
As of fiscal year 2025, LGN carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Legence Corp.'s gross margin?
LGN's gross margin was 21.0% in fiscal 2025 — gross profit of $535.92M on revenue of $2.55B.
What is Legence Corp.'s market cap?
Legence Corp. (LGN) has a market capitalization of about $14.02B, based on the latest data in our nightly-refreshed cache.
When does Legence Corp.'s fiscal year end?
LGN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into LGN stock?
At today's market cap of $14.02B, Legence Corp. is priced for free-cash-flow growth of about 23.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $218.93M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Legence Corp.'s official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.