Legacy Housing Financials
Legacy Housing (LEGH) reported $164.6M in revenue for fiscal year 2025, down 10.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).
Legacy Housing runs a high-margin, low-leverage model where cash conversion has recovered even as sales volume has cooled.
Across FY2022-FY2023, the company reported$122.2M of net income while combined free cash flow was-$26.7M , so accounting profit was not arriving as spendable cash. In FY2024-FY2025, combined free cash flow recovered to$54.9M , indicating earnings quality improved after a period of capital or working-capital absorption.
FY2025 looks more like an overhead-drag year than a collapse in core unit economics: gross margin stayed elevated at
The balance sheet remains conservatively financed, with debt to equity at 0.1x and a current ratio of 3.5x, which helps explain how the business funded capital spending and buybacks without depending heavily on external financing. The tradeoff is that when profit softens, returns fall quickly on a larger asset base, with return on assets down to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Legacy Housing's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Legacy Housing has an operating margin of 29.4%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 96/100, reflecting efficient cost management and pricing power. This is down from 34.5% the prior year.
Legacy Housing's revenue declined 10.7% year-over-year, from $184.2M to $164.6M. This contraction results in a growth score of 14/100.
Legacy Housing carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 80/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.51, Legacy Housing holds $3.51 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 82/100.
Legacy Housing converts 17.1% of revenue into free cash flow ($28.2M). This strong cash generation earns a score of 69/100.
Legacy Housing earns a strong 7.9% return on equity (ROE), meaning it generates $8 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 72/100. This is down from 12.5% the prior year.
Legacy Housing scores 9.66, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($688.0M) relative to total liabilities ($51.7M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Legacy Housing passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Legacy Housing generates $0.89 in operating cash flow ($37.2M OCF vs $41.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Legacy Housing earns $1,728.82 in operating income for every $1 of interest expense ($48.4M vs $28K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Legacy Housing generated $164.6M in revenue in fiscal year 2025. This represents a decrease of 10.7% from the prior year.
Legacy Housing's EBITDA was $50.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 23.3% from the prior year.
Legacy Housing reported $41.8M in net income in fiscal year 2025. This represents a decrease of 32.2% from the prior year.
Legacy Housing earned $1.74 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 29.8% from the prior year.
Cash & Balance Sheet
Legacy Housing generated $28.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 5.1% from the prior year.
Legacy Housing held $8.5M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Legacy Housing's gross margin was 48.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.7 percentage points from the prior year.
Legacy Housing's operating margin was 29.4% in fiscal year 2025, reflecting core business profitability. This is down 5.1 percentage points from the prior year.
Legacy Housing's net profit margin was 25.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.1 percentage points from the prior year.
Legacy Housing's ROE was 7.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.6 percentage points from the prior year.
Capital Allocation
Legacy Housing spent $7.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 40.8% from the prior year.
Legacy Housing invested $9.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 2.3% from the prior year.
Not reported for fiscal year 2025.
LEGH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $179.4M | $164.6M-10.7% | $184.2M-2.6% | $189.1M-26.4% | $257.0M+30.1% | $197.5M+11.8% | $176.7M+4.6% | $169.0M+4.4% | $161.9M |
| Cost of Revenue | $90.2M | $84.8M-5.8% | $90.1M-9.7% | $99.7M-33.6% | $150.1M+31.6% | $114.0M+3.9% | $109.7M+4.6% | $104.9M-2.2% | $107.2M |
| Gross Profit | $89.3M | $79.7M-15.3% | $94.1M+5.2% | $89.5M-16.3% | $106.9M+28.1% | $83.5M+24.6% | $67.0M+4.6% | $64.1M+17.2% | $54.6M |
| SG&A Expenses | $30.3M | $29.6M+32.8% | $22.3M-8.2% | $24.3M-11.9% | $27.6M+18.3% | $23.3M+22.2% | $19.1M-25.2% | $25.5M+21.2% | $21.0M |
| Operating Income | $58.8M | $48.4M-23.9% | $63.6M-1.5% | $64.6M-17.2% | $78.0M+32.4% | $58.9M+23.8% | $47.6M+25.8% | $37.8M+15.4% | $32.8M |
| Interest Expense | $39K | $28K-95.9% | $689K-25.9% | $930K+148.0% | $375K-57.7% | $887K-15.8% | $1.1M+50.0% | $702K-72.0% | $2.5M |
| Income Tax | $9.3M | $9.8M-32.2% | $14.4M+0.8% | $14.3M-0.7% | $14.4M+33.6% | $10.8M-0.7% | $10.8M+23.8% | $8.7M-4.2% | $9.1M |
| Net Income | $51.2M | $41.8M-32.2% | $61.6M+13.2% | $54.5M-19.6% | $67.8M+35.9% | $49.9M+31.3% | $38.0M+31.7% | $28.8M+34.1% | $21.5M |
| EPS (Diluted) | — | $1.74-29.8% | $2.48+14.3% | $2.17-20.8% | $2.74+33.7% | $2.05+30.6% | $1.57+33.1% | $1.18+10.3% | $1.07 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LEGH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $580.3M+8.6% | $534.2M+5.4% | $506.7M+16.0% | $436.8M+19.1% | $366.7M+8.3% | $338.6M+19.4% | $283.6M+20.7% | $235.0M |
| Current Assets | $164.7M+32.5% | $124.3M+7.5% | $115.7M+8.0% | $107.1M+15.7% | $92.5M+69.4% | $54.6M+3.1% | $53.0M-16.1% | $63.1M |
| Cash & Equivalents | $8.5M+637.9% | $1.1M+53.6% | $748K-73.5% | $2.8M+170.4% | $1.0M+35.7% | $768K-55.5% | $1.7M-33.7% | $2.6M |
| Inventory | $39.9M+6.2% | $37.5M-8.4% | $41.0M+27.7% | $32.1M-23.6% | $42.0M+54.3% | $27.2M0.0% | $27.2M-35.2% | $42.0M |
| Accounts Receivable | $5.5M+36.7% | $4.0M-14.9% | $4.7M-3.6% | $4.9M-4.8% | $5.1M+44.7% | $3.5M+100.1% | $1.8M-40.2% | $3.0M |
| Goodwill | $2.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $51.7M+28.5% | $40.2M-42.5% | $70.0M+28.0% | $54.7M-4.5% | $57.3M-27.9% | $79.4M+29.7% | $61.2M+33.8% | $45.8M |
| Current Liabilities | $46.9M+43.1% | $32.7M-12.3% | $37.3M-10.0% | $41.5M-1.1% | $41.9M+15.2% | $36.4M-29.9% | $51.9M+154.8% | $20.4M |
| Total Equity | $528.6M+7.0% | $494.0M+13.1% | $436.7M+14.3% | $382.1M+23.5% | $309.4M+19.4% | $259.2M+16.5% | $222.4M+17.5% | $189.3M |
| Retained Earnings | $363.2M+13.0% | $321.4M+23.7% | $259.8M+26.1% | $206.0M+49.0% | $138.2M+56.4% | $88.4M+75.5% | $50.4M+134.1% | $21.5M |
Not reported in any period shown, so not listed: Long-Term Debt.
LEGH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $50.6M | $37.2M+3.2% | $36.0M+365.9% | -$13.5M-700.5% | -$1.7M-102.8% | $60.3M+3380.5% | -$1.8M+56.2% | -$4.2M-248.7% | $2.8M |
| Capital Expenditures | $12.0M | $9.0M-2.3% | $9.2M+19.4% | $7.7M+103.0% | $3.8M-36.2% | $6.0M+109.2% | $2.8M-32.4% | $4.2M-31.5% | $6.1M |
| Free Cash Flow | $38.6M | $28.2M+5.1% | $26.8M+226.0% | -$21.2M-287.0% | -$5.5M-110.1% | $54.3M+1260.5% | -$4.7M+44.2% | -$8.4M-153.2% | -$3.3M |
| Investing Cash Flow | -$21.2M | -$22.1M-228.8% | -$6.7M+31.3% | -$9.8M-207.6% | $9.1M+128.4% | -$31.9M-1075.2% | -$2.7M+82.0% | -$15.1M-239.4% | -$4.5M |
| Financing Cash Flow | -$3.1M | -$7.7M+73.2% | -$28.9M-236.0% | $21.2M+478.3% | -$5.6M+80.0% | -$28.1M-880.0% | $3.6M-80.5% | $18.4M+384.5% | $3.8M |
| Share Buybacks | $1.8M | $7.6M+40.8% | $5.4M | N/A | N/A | N/A | $1.4M-53.7% | $3.1M | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LEGH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.4%-2.7pp | 51.1%+3.8pp | 47.3%+5.7pp | 41.6%-0.7pp | 42.3%+4.3pp | 37.9%0.0pp | 37.9%+4.1pp | 33.8% |
| Operating Margin | 29.4%-5.1pp | 34.5%+0.4pp | 34.2%+3.8pp | 30.4%+0.5pp | 29.8%+2.9pp | 26.9%+4.5pp | 22.4%+2.1pp | 20.3% |
| Net Margin | 25.4%-8.1pp | 33.5%+4.7pp | 28.8%+2.4pp | 26.4%+1.1pp | 25.3%+3.8pp | 21.5%+4.4pp | 17.1%+3.8pp | 13.3% |
| Return on Equity | 7.9%-4.6pp | 12.5%0.0pp | 12.5%-5.3pp | 17.7%+1.6pp | 16.1%+1.5pp | 14.7%+1.7pp | 13.0%+1.6pp | 11.4% |
| Return on Assets | 7.2%-4.3pp | 11.5%+0.8pp | 10.8%-4.8pp | 15.5%+1.9pp | 13.6%+2.4pp | 11.2%+1.0pp | 10.2%+1.0pp | 9.2% |
| Current Ratio | 3.51-0.3x | 3.80+0.7x | 3.10+0.5x | 2.58+0.4x | 2.21+0.7x | 1.50+0.5x | 1.02-2.1x | 3.10 |
| Debt-to-Equity | 0.100.0x | 0.08-0.1x | 0.160.0x | 0.140.0x | 0.19-0.1x | 0.310.0x | 0.280.0x | 0.24 |
| FCF Margin | 17.1%+2.6pp | 14.5%+25.8pp | -11.2%-9.1pp | -2.1%-29.6pp | 27.5%+30.2pp | -2.6%+2.3pp | -5.0%-2.9pp | -2.1% |
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Where Legacy Housing Ranks
Frequently Asked Questions
What is Legacy Housing's annual revenue?
Legacy Housing (LEGH) reported $164.6M in total revenue for fiscal year 2025. This represents a -10.7% 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 10.7% year-over-year, from $184.2M to $164.6M in fiscal year 2025.
Is Legacy Housing profitable?
Yes, Legacy Housing (LEGH) reported a net income of $41.8M in fiscal year 2025, with a net profit margin of 25.4%.
What is Legacy Housing's EBITDA?
Legacy Housing (LEGH) had EBITDA of $50.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Legacy Housing's gross margin?
Legacy Housing (LEGH) had a gross margin of 48.4% in fiscal year 2025, 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 29.4% in fiscal year 2025, 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 25.4% in fiscal year 2025, 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 7.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Legacy Housing's free cash flow?
Legacy Housing (LEGH) generated $28.2M in free cash flow during fiscal year 2025. This represents a 5.1% 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 $37.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Legacy Housing's total assets?
Legacy Housing (LEGH) had $580.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Legacy Housing's capital expenditures?
Legacy Housing (LEGH) invested $9.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Legacy Housing's current ratio?
Legacy Housing (LEGH) had a current ratio of 3.51 as of fiscal year 2025, which is generally considered healthy.
What is Legacy Housing's debt-to-equity ratio?
Legacy Housing (LEGH) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, 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 7.2% for fiscal year 2025, 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 9.66, 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 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 0.89x, 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 1,728.82x, 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 69 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.