Legacy Housing Financials
This page shows Legacy Housing (LEGH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Legacy Housing has an operating margin of 34.5%, meaning the company retains $35 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 34.2% the prior year.
Legacy Housing's revenue declined 2.6% year-over-year, from $189.1M to $184.2M. This contraction results in a growth score of 21/100.
Legacy Housing carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.80, Legacy Housing holds $3.80 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Legacy Housing converts 14.5% of revenue into free cash flow ($26.8M). This strong cash generation earns a score of 73/100.
Legacy Housing's ROE of 12.5% shows moderate profitability relative to equity, earning a score of 50/100. This is up from 12.5% the prior year.
Legacy Housing scores 9.41, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($511.3M) relative to total liabilities ($40.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Legacy Housing passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Legacy Housing generates $0.58 in operating cash flow ($36.0M OCF vs $61.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Legacy Housing earns $92.3 in operating income for every $1 of interest expense ($63.6M vs $689K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Legacy Housing generated $184.2M in revenue in fiscal year 2024. This represents a decrease of 2.6% from the prior year.
Legacy Housing's EBITDA was $65.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.2% from the prior year.
Legacy Housing generated $26.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 226.0% from the prior year.
Legacy Housing reported $61.6M in net income in fiscal year 2024. This represents an increase of 13.2% from the prior year.
Legacy Housing earned $2.48 per diluted share (EPS) in fiscal year 2024. This represents an increase of 14.3% from the prior year.
Legacy Housing held $1.1M in cash against $0 in long-term debt as of fiscal year 2024.
Legacy Housing had 24M shares outstanding in fiscal year 2024. This represents a decrease of 1.0% from the prior year.
Legacy Housing's gross margin was 51.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.8 percentage points from the prior year.
Legacy Housing's operating margin was 34.5% in fiscal year 2024, reflecting core business profitability. This is up 0.4 percentage points from the prior year.
Legacy Housing's net profit margin was 33.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4.7 percentage points from the prior year.
Legacy Housing's ROE was 12.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Legacy Housing spent $5.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Legacy Housing invested $9.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 19.4% from the prior year.
LEGH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.5M-19.3% | $50.2M+40.6% | $35.7M-34.2% | $54.2M+27.5% | $42.5M-1.7% | $43.2M+28.3% | $33.7M-32.5% | $49.9M |
| Cost of Revenue | $23.0M-11.5% | $25.9M+50.9% | $17.2M-35.6% | $26.7M+23.8% | $21.6M+5.3% | $20.5M+26.3% | $16.2M-34.7% | $24.8M |
| Gross Profit | $17.5M-27.7% | $24.2M+31.1% | $18.5M-32.8% | $27.5M+31.4% | $20.9M-8.1% | $22.8M+30.1% | $17.5M-30.3% | $25.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.3M+10.2% | $6.6M+5.4% | $6.3M+10.6% | $5.7M+2.2% | $5.6M-5.3% | $5.9M-18.6% | $7.2M+18.4% | $6.1M |
| Operating Income | $9.7M-42.3% | $16.8M+45.1% | $11.6M-25.2% | $15.5M-3.3% | $16.0M-4.3% | $16.8M+72.3% | $9.7M-48.9% | $19.0M |
| Interest Expense | -$13K-144.8% | $29K+480.0% | $5K+66.7% | $3K-98.7% | $235K-14.9% | $276K-19.1% | $341K+12.5% | $303K |
| Income Tax | $1.6M-47.7% | $3.1M+25.7% | $2.5M-37.0% | $3.9M+8.0% | $3.6M+6.9% | $3.4M-23.2% | $4.4M+29.9% | $3.4M |
| Net Income | $8.6M-41.2% | $14.7M+43.0% | $10.3M-29.2% | $14.5M-10.4% | $16.2M+6.9% | $15.1M+114.0% | $7.1M-56.0% | $16.1M |
| EPS (Diluted) | $0.35-41.7% | $0.60+46.3% | $0.41-30.5% | $0.59-9.2% | $0.65+8.3% | $0.60+114.3% | $0.28-56.3% | $0.64 |
LEGH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $557.9M+1.1% | $552.0M+1.4% | $544.6M+1.9% | $534.2M+3.7% | $514.9M+1.0% | $510.0M+0.6% | $506.7M+2.2% | $495.6M |
| Current Assets | $172.6M+38.5% | $124.6M-4.6% | $130.5M+5.0% | $124.3M-10.8% | $139.4M-4.7% | $146.3M+26.5% | $115.7M+21.6% | $95.1M |
| Cash & Equivalents | $13.6M+415.1% | $2.6M-22.9% | $3.4M+197.1% | $1.1M+1815.0% | $60K-90.3% | $621K-17.0% | $748K+37.0% | $546K |
| Inventory | $39.6M-2.3% | $40.5M-2.1% | $41.4M+10.3% | $37.5M+21.1% | $31.0M-9.5% | $34.3M-16.4% | $41.0M+15.9% | $35.4M |
| Accounts Receivable | $4.6M+10.7% | $4.2M-15.8% | $5.0M+25.0% | $4.0M-7.0% | $4.3M-0.7% | $4.3M-7.3% | $4.7M+16.1% | $4.0M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $36.3M-7.3% | $39.2M-4.1% | $40.9M+1.6% | $40.2M-22.2% | $51.7M-13.3% | $59.6M-14.9% | $70.0M+5.8% | $66.2M |
| Current Liabilities | $30.1M-5.0% | $31.7M-5.0% | $33.4M+1.9% | $32.7M+3.2% | $31.7M-18.4% | $38.9M+4.2% | $37.3M-15.1% | $44.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $521.6M+1.7% | $512.8M+1.8% | $503.7M+2.0% | $494.0M+6.6% | $463.2M+2.9% | $450.4M+3.1% | $436.7M+1.7% | $429.5M |
| Retained Earnings | $355.0M+2.5% | $346.4M+4.4% | $331.7M+3.2% | $321.4M+10.4% | $291.1M+5.9% | $274.9M+5.8% | $259.8M+2.8% | $252.7M |
LEGH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.2M+18.0% | $6.1M+23.5% | $4.9M-37.8% | $7.9M+128.2% | $3.5M-68.0% | $10.8M+231.0% | -$8.3M-478.5% | $2.2M |
| Capital Expenditures | $2.0M-14.5% | $2.4M+88.3% | $1.3M-33.2% | $1.9M+8.8% | $1.7M+99.4% | $871K-72.3% | $3.1M+3.5% | $3.0M |
| Free Cash Flow | $5.1M+38.9% | $3.7M+1.1% | $3.6M-39.3% | $6.0M+248.7% | $1.7M-82.7% | $9.9M+187.2% | -$11.4M-1232.5% | -$855K |
| Investing Cash Flow | $3.9M+434.0% | -$1.2M+40.5% | -$2.0M+62.2% | -$5.2M-798.6% | -$579K-121.3% | $2.7M+223.0% | -$2.2M+80.7% | -$11.5M |
| Financing Cash Flow | -$141K+97.5% | -$5.7M-740.7% | -$675K+68.0% | -$2.1M+38.7% | -$3.4M+74.8% | -$13.7M-228.0% | $10.7M+28.1% | $8.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | -$1K-100.0% | $5.8M+761.8% | $675K | $0-100.0% | $3.5M+87.1% | $1.9M | N/A | N/A |
LEGH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.3%-5.0pp | 48.3%-3.5pp | 51.8%+1.0pp | 50.8%+1.5pp | 49.3%-3.4pp | 52.7%+0.7pp | 51.9%+1.6pp | 50.3% |
| Operating Margin | 24.0%-9.5pp | 33.5%+1.0pp | 32.5%+3.9pp | 28.6%-9.1pp | 37.7%-1.0pp | 38.7%+9.9pp | 28.8%-9.3pp | 38.1% |
| Net Margin | 21.4%-7.9pp | 29.3%+0.5pp | 28.8%+2.0pp | 26.8%-11.3pp | 38.1%+3.1pp | 35.0%+14.0pp | 21.0%-11.2pp | 32.2% |
| Return on Equity | 1.7%-1.2pp | 2.9%+0.8pp | 2.0%-0.9pp | 2.9%-0.6pp | 3.5%+0.1pp | 3.4%+1.7pp | 1.6%-2.1pp | 3.8% |
| Return on Assets | 1.6%-1.1pp | 2.7%+0.8pp | 1.9%-0.8pp | 2.7%-0.4pp | 3.1%+0.2pp | 3.0%+1.6pp | 1.4%-1.9pp | 3.3% |
| Current Ratio | 5.74+1.8 | 3.93+0.0 | 3.91+0.1 | 3.80-0.6 | 4.39+0.6 | 3.76+0.7 | 3.10+0.9 | 2.16 |
| Debt-to-Equity | 0.070.0 | 0.080.0 | 0.080.0 | 0.08-0.0 | 0.11-0.0 | 0.13-0.0 | 0.160.0 | 0.15 |
| FCF Margin | 12.7%+5.3pp | 7.3%-2.9pp | 10.2%-0.9pp | 11.1%+7.0pp | 4.0%-18.9pp | 23.0%+56.8pp | -33.8%-32.1pp | -1.7% |
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Frequently Asked Questions
What is Legacy Housing's annual revenue?
Legacy Housing (LEGH) reported $184.2M in total revenue for fiscal year 2024. This represents a -2.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Legacy Housing's revenue growing?
Legacy Housing (LEGH) revenue declined by 2.6% year-over-year, from $189.1M to $184.2M in fiscal year 2024.
Is Legacy Housing profitable?
Yes, Legacy Housing (LEGH) reported a net income of $61.6M in fiscal year 2024, with a net profit margin of 33.5%.
What is Legacy Housing's earnings per share (EPS)?
Legacy Housing (LEGH) reported diluted earnings per share of $2.48 for fiscal year 2024. This represents a 14.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Legacy Housing's EBITDA?
Legacy Housing (LEGH) had EBITDA of $65.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Legacy Housing's gross margin?
Legacy Housing (LEGH) had a gross margin of 51.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Legacy Housing's operating margin?
Legacy Housing (LEGH) had an operating margin of 34.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Legacy Housing's net profit margin?
Legacy Housing (LEGH) had a net profit margin of 33.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Legacy Housing's return on equity (ROE)?
Legacy Housing (LEGH) has a return on equity of 12.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Legacy Housing's free cash flow?
Legacy Housing (LEGH) generated $26.8M in free cash flow during fiscal year 2024. This represents a 226.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Legacy Housing's operating cash flow?
Legacy Housing (LEGH) generated $36.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Legacy Housing's total assets?
Legacy Housing (LEGH) had $534.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Legacy Housing's capital expenditures?
Legacy Housing (LEGH) invested $9.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Legacy Housing buy back shares?
Yes, Legacy Housing (LEGH) spent $5.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Legacy Housing have outstanding?
Legacy Housing (LEGH) had 24M shares outstanding as of fiscal year 2024.
What is Legacy Housing's current ratio?
Legacy Housing (LEGH) had a current ratio of 3.80 as of fiscal year 2024, which is generally considered healthy.
What is Legacy Housing's debt-to-equity ratio?
Legacy Housing (LEGH) had a debt-to-equity ratio of 0.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Legacy Housing's return on assets (ROA)?
Legacy Housing (LEGH) had a return on assets of 11.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Legacy Housing's Altman Z-Score?
Legacy Housing (LEGH) has an Altman Z-Score of 9.41, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Legacy Housing's Piotroski F-Score?
Legacy Housing (LEGH) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Legacy Housing's earnings high quality?
Legacy Housing (LEGH) has an earnings quality ratio of 0.58x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Legacy Housing cover its interest payments?
Legacy Housing (LEGH) has an interest coverage ratio of 92.3x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Legacy Housing?
Legacy Housing (LEGH) scores 74 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.