Legence Corp. (LGN)
Legence Corp., a company established in 1914 and based in San Jose, California, specializes in providing engineering, installation, and maintenance services for essential building systems throughout the United States. Its operations are structured into two key divisions: Engineering & Consulting, and Installation & Maintenance. The Engineering & Consulting segment focuses on designing HVAC and other mechanical, electrical, and plumbing (MEP) systems for various structures. It also develops strategies to improve energy efficiency and sustainability within buildings, while offering comprehensive program and project management for client installation and modernization initiatives. In contrast, the Installation & Maintenance segment is responsible for fabricating and integrating HVAC, process piping, and other MEP systems into both new and existing industrial, commercial, and institutional facilities, alongside delivering continuous preventative and corrective maintenance for these systems. Legence Corp. caters to a diverse range of industries, including data centers, semiconductor production, precision manufacturing, life sciences, healthcare, education, commercial real estate, and the public sector.
Sector: Construction - Special Trade Contractors
Industry: Engineering & Construction
Legence Corp. Class A Common stock
- 1:3Reverse splitApr 30, 20043 shares → 1
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $2.55B | $2.1B | $1.62B | $1.25B |
| YoY Growth | 21.5% | 29.9% | 29.6% | - |
| Cost of Revenue | $2.01B | $1.67B | $1.3B | $1.01B |
| Gross Profit | $535.92M | $428.64M | $315.15M | $233.71M |
| Gross Margin | 21.0% | 20.4% | 19.5% | 18.7% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $342.63M | $252.67M | $186.06M | $142.05M |
| Other | $100.36M | $117.53M | $118.83M | $115.9M |
| Total Operating Expenses | $442.99M | $370.2M | $304.89M | $257.95M |
| Operating Income (EBIT) | $92.93M | $58.44M | $10.26M | -$24.25M |
| Operating Margin | 3.6% | 2.8% | 0.6% | -1.9% |
| Interest Expense | $101.78M | $25.54M | $68.2M | $50.84M |
| Interest Income | $4.49M | $5.46M | $4.25M | $236K |
| Other Income (Expense) | -$148.07M | -$38.21M | -$64.2M | -$50.41M |
| Income Before Tax (EBT) | -$55.14M | $20.23M | -$53.94M | -$74.66M |
| Income Tax Expense | $22.16M | $2.81M | -$7.92M | $7.61M |
| Net Income | -$59.78M | $9.72M | -$46.03M | -$82.27M |
| Net Income Margin | -2.3% | 0.5% | -2.8% | -6.6% |
| Supplementary Data | ||||
| EPS | -1.01 | 0.10 | -0.45 | -0.81 |
| Diluted EPS | -1.01 | 0.10 | -0.45 | -0.81 |
| Weighted Average OS | 59.38M | 58.51M | 58.51M | 58.51M |
| EBITDA | $160.92M | $156.62M | $107.05M | $69.19M |
| EBITDA Margin | 6.3% | 7.5% | 6.6% | 5.6% |
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $230.17M | $81.17M | $88.92M |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $230.17M | $81.17M | $88.92M |
| Accounts Receivable | $844M | $636.74M | $548.07M |
| Inventory | $0 | $10.25M | $10M |
| Other Current Assets | $36.18M | $9.35M | $23.83M |
| Total Current Assets | $1.11B | $756.41M | $688.67M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $209.47M | $164.3M | $138.02M |
| Goodwill | $764.34M | $781.19M | $676.03M |
| Intangible Assets | $551.42M | $624.25M | $618.15M |
| Long-Term Investments | $0 | $3.39M | $1.3M |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $43.82M | $22.95M | $3.98M |
| Total Long-Term Assets | $1.57B | $1.6B | $1.44B |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $2.68B | $2.35B | $2.13B |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $246.16M | $126.5M | $107.39M |
| Short-Term Debt | $37.99M | $22.98M | $15.61M |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $339.46M | $164.13M | $164.6M |
| Other Current Liabilities | $16.48M | $54.6M | $114.99M |
| Total Current Liabilities | $708.16M | $411.11M | $439.56M |
| Long-Term Liabilities | |||
| Long-Term Debt | $812.4M | $1.59B | $1.04B |
| Long-Term Unearned Revenue | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $46.71M | $35.43M | $48.67M |
| Other Long-Term Liabilities | $219.57M | $35.86M | $21.66M |
| Total Long-Term Liabilities | $1.18B | $1.74B | $1.16B |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $1.89B | $2.15B | $1.6B |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $1.05M | $443.74M | $722.38M |
| Retained Earnings | -$309.95M | -$250.17M | -$221.61M |
| Comprehensive Income & Other | -$698K | $9.11M | $22.17M |
| Other Stockholders' Equity | $701.09M | $9.11M | $22.17M |
| Total Equity | $392.2M | $202.68M | $522.93M |
| Minority Interest | $396.6M | $912K | $0 |
| Total Liabilities and Equity | $2.28B | $2.35B | $2.13B |
| Supplementary Data | |||
| Total Debt | $954.15M | $1.7B | $1.12B |
| Net Debt | $723.99M | $1.62B | $1.03B |
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$59.78M | -$27.64M | -$46.03M | -$82.27M |
| Depreciation & Amortization | $114.29M | $110.85M | $92.8M | $93.02M |
| Deferred Income Tax | $15.29M | -$13.7M | -$13.34M | $4.05M |
| Stock-Based Compensation | $67.55M | $5.41M | $10.05M | $5.18M |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$201.25M | -$33.04M | -$104.66M | -$97.16M |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $117.91M | $10.7M | -$5.02M | $17.27M |
| Other Working Capital | $160.28M | -$60.94M | $48.74M | $44.69M |
| Total Working Capital Change | $76.93M | -$83.28M | -$60.95M | -$35.19M |
| Other Non-Cash Items | $42.6M | $37.63M | $51.37M | $42.21M |
| Net Cash from Operating | $256.87M | $29.27M | $33.92M | $27M |
| Investing Activities | ||||
| Capital Expenditures | -$37.94M | -$19.01M | -$17.07M | -$26.31M |
| Acquisitions | -$16.5M | -$225.25M | -$117.18M | -$134.15M |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $390K | $269K | $353K | $88K |
| Net Cash from Investing | -$54.05M | -$243.99M | -$133.9M | -$160.38M |
| Financing Activities | ||||
| Debt Repaid | $805.92M | -$542.37M | -$138.47M | -$138.23M |
| Common Stock Issuance | $780.24M | $400K | $550K | $41.73M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$301.61M | -$1.53M | -$268K |
| Other Financing Activities | -$28.14M | -$34.2M | -$9.02M | -$5.88M |
| Net Cash from Financing | -$53.83M | $206.96M | $128.47M | $173.81M |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | $149M | -$7.75M | $28.49M | $40.43M |
| Supplementary Data | ||||
| Operating Cash Flow | $256.87M | $29.27M | $33.92M | $27M |
| Capital Expenditure | -$37.94M | -$19.01M | -$17.07M | -$26.31M |
| Free Cash Flow | $218.93M | $10.26M | $16.84M | $684K |
| Cash at Beginning | $81.17M | $88.92M | $60.43M | $20.01M |
| Cash at End | $230.17M | $81.17M | $88.92M | $60.43M |