Lgi Homes Inc Financials

LGIH

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 36/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Lgi Homes Inc has an operating margin of 9.6%, meaning the company retains $10 of operating profit per $100 of revenue. This results in a moderate score of 48/100, indicating healthy but not exceptional operating efficiency. This is down from 9.9% the prior year.

Growth

Lgi Homes Inc's revenue declined 6.6% year-over-year, from $2.4B to $2.2B. This contraction results in a growth score of 10/100.

Leverage

Lgi Homes Inc carries a low D/E ratio of 0.73, meaning only $0.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

While Lgi Homes Inc generated -$143.7M in operating cash flow, capex of $2.0M consumed most of it, leaving -$145.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Lgi Homes Inc's ROE of 9.6% shows moderate profitability relative to equity, earning a score of 38/100. This is down from 10.7% the prior year.

Piotroski F-Score Weak

3/9

Lgi Homes Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

-0.73x

For every $1 of reported earnings, Lgi Homes Inc generates $-0.73 in operating cash flow (-$143.7M OCF vs $196.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

This page shows Lgi Homes Inc (LGIH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

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Key Financial Metrics

Revenue

$2.2B

YoY-6.6%

5Y CAGR+3.7%

10Y CAGR+19.1%

Lgi Homes Inc generated $2.2B in revenue in fiscal year 2024. This represents a decrease of 6.6% from the prior year.

EBITDA

$215.3M

YoY-8.7%

5Y CAGR-1.2%

10Y CAGR+17.4%

Lgi Homes Inc's EBITDA was $215.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.7% from the prior year.

Free Cash Flow

-$145.7M

YoY-149.4%

Lgi Homes Inc generated -$145.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 149.4% from the prior year.

Net Income

$196.1M

YoY-1.6%

5Y CAGR+1.9%

10Y CAGR+21.4%

Lgi Homes Inc reported $196.1M in net income in fiscal year 2024. This represents a decrease of 1.6% from the prior year.

EPS (Diluted)

$8.30

YoY-1.4%

5Y CAGR+3.4%

10Y CAGR+20.1%

Lgi Homes Inc earned $8.30 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1.4% from the prior year.

Cash & Debt

$53.2M

YoY+8.6%

5Y CAGR+6.8%

10Y CAGR+5.4%

Lgi Homes Inc held $53.2M in cash against $1.5B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

23M

YoY-0.8%

5Y CAGR-1.6%

10Y CAGR+1.7%

Lgi Homes Inc had 23M shares outstanding in fiscal year 2024. This represents a decrease of 0.8% from the prior year.

Gross Margin

24.2%

YoY+1.2pp

5Y CAGR+0.5pp

10Y CAGR-2.6pp

Lgi Homes Inc's gross margin was 24.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.

Operating Margin

9.6%

YoY-0.3pp

5Y CAGR-2.7pp

10Y CAGR-1.4pp

Lgi Homes Inc's operating margin was 9.6% in fiscal year 2024, reflecting core business profitability. This is down 0.3 percentage points from the prior year.

Net Margin

8.9%

YoY+0.4pp

5Y CAGR-0.8pp

10Y CAGR+1.5pp

Lgi Homes Inc's net profit margin was 8.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.

Return on Equity

9.6%

YoY-1.1pp

5Y CAGR-11.5pp

10Y CAGR-5.8pp

Lgi Homes Inc's ROE was 9.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$31.0M

10Y CAGR+6.5%

Lgi Homes Inc spent $31.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$2.0M

YoY+35.3%

Lgi Homes Inc invested $2.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 35.3% from the prior year.

LGIH Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.2B-6.6%	$2.4B+2.3%	$2.3B-24.4%	$3.1B+28.8%	$2.4B+28.8%	$1.8B
Cost of Revenue	$1.7B-8.1%	$1.8B+9.6%	$1.7B-25.7%	$2.2B+26.5%	$1.8B+25.9%	$1.4B
Gross Profit	$533.3M-1.6%	$542.2M-16.1%	$646.6M-21.0%	$818.0M+35.6%	$603.1M+38.2%	$436.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$121.2M+3.3%	$117.3M+5.2%	$111.6M+11.2%	$100.3M+11.5%	$90.0M+16.3%	$77.4M
Operating Income	$212.1M-9.0%	$233.3M-40.2%	$390.1M-28.8%	$547.7M+50.2%	$364.7M+60.3%	$227.5M
Interest Expense	$0	$0	$0	$0	$0	$0
Income Tax	$62.8M+0.5%	$62.5M-31.7%	$91.5M-19.1%	$113.1M+157.4%	$44.0M-17.4%	$53.2M
Net Income	$196.1M-1.6%	$199.2M-39.0%	$326.6M-24.0%	$429.6M+32.6%	$323.9M+81.3%	$178.6M
EPS (Diluted)	$8.30-1.4%	$8.42-38.8%	$13.76-20.2%	$17.25+35.2%	$12.76+81.8%	$7.02

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$396.6M-18.0%	$483.5M+37.6%	$351.4M-37.0%	$557.4M-7.5%	$602.5M+54.2%	$390.9M-35.8%	$608.4M-1.5%	$617.5M
Cost of Revenue	$311.5M-16.5%	$372.9M+34.3%	$277.7M-35.4%	$429.9M-4.8%	$451.6M+50.8%	$299.4M-35.7%	$465.8M+1.5%	$458.7M
Gross Profit	$85.1M-23.1%	$110.6M+50.1%	$73.7M-42.2%	$127.5M-15.5%	$150.9M+65.1%	$91.4M-35.9%	$142.6M-10.2%	$158.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$28.0M-4.9%	$29.4M-5.8%	$31.2M+0.1%	$31.2M+2.2%	$30.5M-3.3%	$31.5M-4.5%	$33.0M+23.4%	$26.7M
Operating Income	$21.5M-45.8%	$39.6M+23336.7%	$169K-99.6%	$45.6M-32.5%	$67.5M+260.4%	$18.7M-68.7%	$59.8M-27.3%	$82.3M
Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0
Income Tax	$7.0M-33.4%	$10.5M+507.3%	$1.7M-89.3%	$16.2M-11.4%	$18.3M+203.1%	$6.0M-63.3%	$16.5M-26.5%	$22.4M
Net Income	$19.7M-37.5%	$31.5M+689.5%	$4.0M-92.1%	$50.9M-13.2%	$58.6M+243.5%	$17.1M-67.3%	$52.1M-22.3%	$67.0M
EPS (Diluted)	$0.85-37.5%	$1.36+700.0%	$0.17-92.1%	$2.15-13.3%	$2.48+244.4%	$0.72-67.1%	$2.19-22.9%	$2.84

LGIH Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.8B+10.3%	$3.4B+9.1%	$3.1B+32.9%	$2.4B+28.8%	$1.8B+9.6%	$1.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$53.2M+8.6%	$49.0M+53.1%	$32.0M-36.7%	$50.5M+40.5%	$35.9M-6.3%	$38.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$28.7M-30.5%	$41.3M+64.3%	$25.1M-56.6%	$57.9M-50.1%	$115.9M+105.6%	$56.4M
Goodwill	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M
Total Liabilities	$1.7B+10.9%	$1.6B+4.7%	$1.5B+55.1%	$956.0M+39.1%	$687.1M-16.3%	$820.9M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$1.5B+18.6%	$1.2B+11.8%	$1.1B+38.7%	$805.2M+49.6%	$538.4M-22.0%	$690.6M
Total Equity	$2.0B+9.8%	$1.9B+13.0%	$1.6B+17.7%	$1.4B+22.5%	$1.1B+34.8%	$845.2M
Retained Earnings	$2.1B+10.4%	$1.9B+11.8%	$1.7B+23.9%	$1.4B+46.0%	$934.3M+53.1%	$610.4M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$4.0B+0.8%	$4.0B+3.0%	$3.9B+3.5%	$3.8B+1.5%	$3.7B+5.1%	$3.5B+3.4%	$3.4B+2.2%	$3.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$62.0M+4.1%	$59.6M+3.4%	$57.6M+8.3%	$53.2M+4.2%	$51.1M+4.2%	$49.0M0.0%	$49.0M+4.3%	$47.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$21.2M-38.6%	$34.6M+59.2%	$21.7M-24.3%	$28.7M-33.5%	$43.2M+59.2%	$27.2M-34.3%	$41.3M+15.9%	$35.7M
Goodwill	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M0.0%	$12.0M
Total Liabilities	$2.0B+0.6%	$1.9B+5.6%	$1.8B+7.3%	$1.7B-3.2%	$1.8B+7.5%	$1.7B+6.6%	$1.6B+1.3%	$1.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$1.5B	N/A	N/A	$1.2B	N/A
Total Equity	$2.1B+1.1%	$2.1B+0.7%	$2.0B+0.3%	$2.0B+5.9%	$1.9B+2.9%	$1.9B+0.7%	$1.9B+3.0%	$1.8B
Retained Earnings	$2.1B+0.9%	$2.1B+1.5%	$2.1B+0.2%	$2.1B+6.1%	$2.0B+3.1%	$1.9B+0.9%	$1.9B+2.8%	$1.8B

LGIH Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$143.7M-152.3%	-$57.0M+84.6%	-$370.5M-1807.1%	$21.7M-89.3%	$202.2M+582.1%	-$41.9M
Capital Expenditures	$2.0M+35.3%	$1.4M+21.6%	$1.2M	N/A	N/A	N/A
Free Cash Flow	-$145.7M-149.4%	-$58.4M+84.3%	-$371.6M	N/A	N/A	N/A
Investing Cash Flow	$15.6M+214.4%	-$13.6M-128.7%	-$6.0M+91.5%	-$70.4M-1146.3%	-$5.6M-215.0%	-$1.8M
Financing Cash Flow	$132.3M+51.1%	$87.6M-75.5%	$357.9M+465.7%	$63.3M+131.8%	-$198.9M-661.1%	$35.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$31.0M	$0-100.0%	$95.1M-50.9%	$193.8M+303.0%	$48.1M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$13.2M+84.7%	-$86.4M+32.1%	-$127.1M-323.0%	$57.0M+168.3%	-$83.5M+16.1%	-$99.5M-190.1%	-$34.3M+70.3%	-$115.5M
Capital Expenditures	$39K-27.8%	$54K-93.5%	$831K+36.9%	$607K+116.8%	$280K-72.0%	$1.0M+68.2%	$595K+3.1%	$577K
Free Cash Flow	-$13.3M+84.6%	-$86.4M+32.5%	-$128.0M-326.9%	$56.4M+167.3%	-$83.8M+16.6%	-$100.5M-188.0%	-$34.9M+69.9%	-$116.1M
Investing Cash Flow	$12.2M+428.0%	$2.3M+1045.7%	-$245K-101.1%	$22.3M+550.1%	-$4.9M-345.1%	$2.0M+133.3%	-$6.1M-702.7%	-$754K
Financing Cash Flow	$3.4M-96.0%	$86.0M-34.7%	$131.8M+251.5%	-$87.0M-196.1%	$90.5M-7.2%	$97.5M+130.3%	$42.3M-64.7%	$119.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0-100.0%	$20.6M+574.8%	$3.1M-76.5%	$13.0M+62.2%	$8.0M-20.0%	$10.0M	$0	$0

LGIH Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	24.2%+1.2pp	23.0%-5.1pp	28.1%+1.2pp	26.8%+1.4pp	25.5%+1.7pp	23.8%
Operating Margin	9.6%-0.3pp	9.9%-7.0pp	16.9%-1.0pp	18.0%+2.6pp	15.4%+3.0pp	12.4%
Net Margin	8.9%+0.4pp	8.5%-5.7pp	14.2%+0.1pp	14.1%+0.4pp	13.7%+4.0pp	9.7%
Return on Equity	9.6%-1.1pp	10.7%-9.2pp	19.9%-10.9pp	30.8%+2.3pp	28.4%+7.3pp	21.1%
Return on Assets	5.2%-0.6pp	5.9%-4.6pp	10.4%-7.8pp	18.3%+0.5pp	17.7%+7.0pp	10.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.73+0.1	0.670.0	0.68+0.1	0.58+0.1	0.47-0.3	0.82
FCF Margin	-6.6%-4.1pp	-2.5%+13.7pp	-16.1%	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	21.5%-1.4pp	22.9%+1.9pp	21.0%-1.9pp	22.9%-2.2pp	25.0%+1.7pp	23.4%-0.1pp	23.4%-2.3pp	25.7%
Operating Margin	5.4%-2.8pp	8.2%+8.1pp	0.1%-8.1pp	8.2%-3.0pp	11.2%+6.4pp	4.8%-5.1pp	9.8%-3.5pp	13.3%
Net Margin	5.0%-1.5pp	6.5%+5.4pp	1.1%-8.0pp	9.1%-0.6pp	9.7%+5.4pp	4.4%-4.2pp	8.6%-2.3pp	10.9%
Return on Equity	0.9%-0.6pp	1.5%+1.3pp	0.2%-2.3pp	2.5%-0.5pp	3.0%+2.1pp	0.9%-1.9pp	2.8%-0.9pp	3.7%
Return on Assets	0.5%-0.3pp	0.8%+0.7pp	0.1%-1.3pp	1.4%-0.2pp	1.6%+1.1pp	0.5%-1.0pp	1.5%-0.5pp	2.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.940.0	0.95+0.0	0.90+0.2	0.73-0.2	0.92+0.0	0.88+0.2	0.67-0.2	0.85
FCF Margin	-3.3%+14.5pp	-17.9%+18.5pp	-36.4%-46.5pp	10.1%+24.0pp	-13.9%+11.8pp	-25.7%-20.0pp	-5.7%+13.1pp	-18.8%

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Frequently Asked Questions

What is Lgi Homes Inc's annual revenue?

Lgi Homes Inc (LGIH) reported $2.2B in total revenue for fiscal year 2024. This represents a -6.6% 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 Lgi Homes Inc's revenue growing?

Lgi Homes Inc (LGIH) revenue declined by 6.6% year-over-year, from $2.4B to $2.2B in fiscal year 2024.

Is Lgi Homes Inc profitable?

Yes, Lgi Homes Inc (LGIH) reported a net income of $196.1M in fiscal year 2024, with a net profit margin of 8.9%.

What is Lgi Homes Inc's earnings per share (EPS)?

Lgi Homes Inc (LGIH) reported diluted earnings per share of $8.30 for fiscal year 2024. This represents a -1.4% 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 Lgi Homes Inc's EBITDA?

Lgi Homes Inc (LGIH) had EBITDA of $215.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Lgi Homes Inc have?

As of fiscal year 2024, Lgi Homes Inc (LGIH) had $53.2M in cash and equivalents against $1.5B in long-term debt.

What is Lgi Homes Inc's gross margin?

Lgi Homes Inc (LGIH) had a gross margin of 24.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Lgi Homes Inc's operating margin?

Lgi Homes Inc (LGIH) had an operating margin of 9.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Lgi Homes Inc's net profit margin?

Lgi Homes Inc (LGIH) had a net profit margin of 8.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Lgi Homes Inc's return on equity (ROE)?

Lgi Homes Inc (LGIH) has a return on equity of 9.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Lgi Homes Inc's free cash flow?

Lgi Homes Inc (LGIH) generated -$145.7M in free cash flow during fiscal year 2024. This represents a -149.4% 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 Lgi Homes Inc's operating cash flow?

Lgi Homes Inc (LGIH) generated -$143.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Lgi Homes Inc's total assets?

Lgi Homes Inc (LGIH) had $3.8B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Lgi Homes Inc's capital expenditures?

Lgi Homes Inc (LGIH) invested $2.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Lgi Homes Inc buy back shares?

Yes, Lgi Homes Inc (LGIH) spent $31.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Lgi Homes Inc have outstanding?

Lgi Homes Inc (LGIH) had 23M shares outstanding as of fiscal year 2024.

What is Lgi Homes Inc's debt-to-equity ratio?

Lgi Homes Inc (LGIH) had a debt-to-equity ratio of 0.73 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Lgi Homes Inc's return on assets (ROA)?

Lgi Homes Inc (LGIH) had a return on assets of 5.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Lgi Homes Inc's cash runway?

Based on fiscal year 2024 data, Lgi Homes Inc (LGIH) had $53.2M in cash against an annual operating cash burn of $143.7M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Lgi Homes Inc's Piotroski F-Score?

Lgi Homes Inc (LGIH) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Lgi Homes Inc's earnings high quality?

Lgi Homes Inc (LGIH) has an earnings quality ratio of -0.73x, considered low quality (accrual-driven). 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.

How financially healthy is Lgi Homes Inc?

Lgi Homes Inc (LGIH) scores 36 out of 100 on our Financial Profile, indicating weak 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.