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Lgi Homes Inc Financials

LGIH
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Lgi Homes Inc (LGIH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI LGIH FY2025

Shrinking revenue, compressing margins, and negative cash conversion show a business funding a larger asset base with more debt.

Across the last three valid years, positive net income coexisted with negative operating cash flow, and long-term debt reached $1.7B by FY2025; that mix says earnings are not being released as cash quickly enough to fund the operating asset base. With total assets still expanding, the business is relying more on balance-sheet capacity than on internally generated cash to keep moving.

The visible deterioration is not just lower sales but margin compression: gross margin slid from 22.9% to 20.7%, and operating margin roughly halved over the same stretch. That pattern looks more like fixed-cost absorption pressure than a one-time item, because profit fell much faster than revenue.

The balance-sheet posture has grown heavier: total assets rose to $3.9B and long-term debt to $1.7B. With ROA down to 1.9%, yet buybacks still using $23.6M, some capital was returned even as the cash engine remained under strain.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 28 / 100
Financial Profile 28/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Lgi Homes Inc'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.

Profitability
38

Lgi Homes Inc has an operating margin of 4.7%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 38/100, indicating healthy but not exceptional operating efficiency. This is down from 9.6% the prior year.

Growth
8

Lgi Homes Inc's revenue declined 22.6% year-over-year, from $2.2B to $1.7B. This contraction results in a growth score of 8/100.

Leverage
86

Lgi Homes Inc carries a low D/E ratio of 0.79, meaning only $0.79 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow
8

While Lgi Homes Inc generated -$140.0M in operating cash flow, capex of $924K consumed most of it, leaving -$140.9M in free cash flow. This results in a low score of 8/100, reflecting heavy capital investment rather than weak cash generation.

Returns
26

Lgi Homes Inc generates a 3.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is down from 9.6% the prior year.

Piotroski F-Score Weak
2/9

Lgi Homes Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality
-1.93x

For every $1 of reported earnings, Lgi Homes Inc generates $-1.93 in operating cash flow (-$140.0M OCF vs $72.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.7B
YoY-22.6%
5Y CAGR-6.4%
10Y CAGR+10.5%

Lgi Homes Inc generated $1.7B in revenue in fiscal year 2025. This represents a decrease of 22.6% from the prior year.

EBITDA
$84.1M
YoY-60.9%
5Y CAGR-25.5%
10Y CAGR+0.4%

Lgi Homes Inc's EBITDA was $84.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 60.9% from the prior year.

Net Income
$72.6M
YoY-63.0%
5Y CAGR-25.9%
10Y CAGR+3.2%

Lgi Homes Inc reported $72.6M in net income in fiscal year 2025. This represents a decrease of 63.0% from the prior year.

EPS (Diluted)
$3.12
YoY-62.4%
5Y CAGR-24.5%
10Y CAGR+2.5%

Lgi Homes Inc earned $3.12 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 62.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$140.9M
YoY+3.3%

Lgi Homes Inc generated -$140.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 3.3% from the prior year.

Cash & Debt
$61.2M
YoY+15.1%
5Y CAGR+11.2%
10Y CAGR+5.0%

Lgi Homes Inc held $61.2M in cash against $1.7B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
23M
YoY-1.1%
5Y CAGR-1.5%
10Y CAGR+1.3%

Lgi Homes Inc had 23M shares outstanding in fiscal year 2025. This represents a decrease of 1.1% from the prior year.

Margins & Returns

Gross Margin
20.7%
YoY-3.5pp
5Y CAGR-4.7pp
10Y CAGR-5.8pp

Lgi Homes Inc's gross margin was 20.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 3.5 percentage points from the prior year.

Operating Margin
4.7%
YoY-4.9pp
5Y CAGR-10.7pp
10Y CAGR-8.0pp

Lgi Homes Inc's operating margin was 4.7% in fiscal year 2025, reflecting core business profitability. This is down 4.9 percentage points from the prior year.

Net Margin
4.3%
YoY-4.6pp
5Y CAGR-9.4pp
10Y CAGR-4.1pp

Lgi Homes Inc's net profit margin was 4.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.6 percentage points from the prior year.

Return on Equity
3.5%
YoY-6.2pp
5Y CAGR-25.0pp
10Y CAGR-17.9pp

Lgi Homes Inc's ROE was 3.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.2 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$23.6M
YoY-23.7%
5Y CAGR-13.2%

Lgi Homes Inc spent $23.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 23.7% from the prior year.

Capital Expenditures
$924K
YoY-52.7%

Lgi Homes Inc invested $924K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 52.7% from the prior year.

LGIH Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $319.7M-32.5% $474.0M+19.5% $396.6M-18.0% $483.5M+37.6% $351.4M-37.0% $557.4M-14.5% $651.9M+8.2% $602.5M
Cost of Revenue $259.8M-33.4% $389.9M+25.1% $311.5M-16.5% $372.9M+34.3% $277.7M-35.4% $429.9M-12.0% $488.4M+8.1% $451.6M
Gross Profit $59.9M-28.8% $84.1M-1.2% $85.1M-23.1% $110.6M+50.1% $73.7M-42.2% $127.5M-22.0% $163.5M+8.4% $150.9M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $27.9M+20.9% $23.1M-17.6% $28.0M-4.9% $29.4M-5.8% $31.2M+0.1% $31.2M+11.4% $28.0M-8.2% $30.5M
Operating Income -$582K-103.1% $18.5M-13.8% $21.5M-45.8% $39.6M+23336.7% $169K-99.6% $45.6M-43.2% $80.3M+18.9% $67.5M
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0
Income Tax $2.2M-67.8% $6.7M-4.2% $7.0M-33.4% $10.5M+507.3% $1.7M-89.3% $16.2M-27.2% $22.3M+21.7% $18.3M
Net Income $2.2M-87.5% $17.3M-12.1% $19.7M-37.5% $31.5M+689.5% $4.0M-92.1% $50.9M-26.9% $69.6M+18.8% $58.6M
EPS (Diluted) $0.09 N/A $0.85-37.5% $1.36+700.0% $0.17 N/A $2.95+19.0% $2.48

LGIH Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $4.0B+2.1% $3.9B-2.8% $4.0B+0.8% $4.0B+3.0% $3.9B+3.5% $3.8B-1.8% $3.8B+3.3% $3.7B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $60.9M-0.6% $61.2M-1.2% $62.0M+4.1% $59.6M+3.4% $57.6M+8.3% $53.2M-12.7% $60.9M+19.3% $51.1M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $45.0M+38.6% $32.5M+52.9% $21.2M-38.6% $34.6M+59.2% $21.7M-24.3% $28.7M-41.4% $49.0M+13.4% $43.2M
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 $1.9B+4.2% $1.8B-6.6% $2.0B+0.6% $1.9B+5.6% $1.8B+7.3% $1.7B-5.9% $1.8B+2.9% $1.8B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt N/A $1.7B N/A N/A N/A $1.5B N/A N/A
Total Equity $2.1B+0.3% $2.1B+0.8% $2.1B+1.1% $2.1B+0.7% $2.0B+0.3% $2.0B+2.0% $2.0B+3.8% $1.9B
Retained Earnings $2.2B+0.1% $2.2B+0.8% $2.1B+0.9% $2.1B+1.5% $2.1B+0.2% $2.1B+2.5% $2.0B+3.5% $2.0B

LGIH Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$55.5M-164.0% $86.8M+756.0% -$13.2M+84.7% -$86.4M+32.1% -$127.1M-323.0% $57.0M+420.9% -$17.8M+78.7% -$83.5M
Capital Expenditures $696K $0-100.0% $39K-27.8% $54K-93.5% $831K+36.9% $607K+848.4% $64K-77.1% $280K
Free Cash Flow -$56.2M-164.8% $86.8M+754.1% -$13.3M+84.6% -$86.4M+32.5% -$128.0M-326.9% $56.4M+416.4% -$17.8M+78.7% -$83.8M
Investing Cash Flow $6.4M-52.7% $13.6M+11.4% $12.2M+428.0% $2.3M+1045.7% -$245K-101.1% $22.3M+699.5% -$3.7M+24.9% -$4.9M
Financing Cash Flow $48.7M+148.2% -$101.1M-3063.4% $3.4M-96.0% $86.0M-34.7% $131.8M+251.5% -$87.0M-377.8% $31.3M-65.4% $90.5M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $0 $0 $0-100.0% $20.6M+574.8% $3.1M-76.5% $13.0M $0-100.0% $8.0M

LGIH Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 18.7%+1.0pp 17.8%-3.7pp 21.5%-1.4pp 22.9%+1.9pp 21.0%-1.9pp 22.9%-2.2pp 25.1%+0.0pp 25.0%
Operating Margin -0.2%-4.1pp 3.9%-1.5pp 5.4%-2.8pp 8.2%+8.1pp 0.1%-8.1pp 8.2%-4.1pp 12.3%+1.1pp 11.2%
Net Margin 0.7%-3.0pp 3.6%-1.3pp 5.0%-1.5pp 6.5%+5.4pp 1.1%-8.0pp 9.1%-1.5pp 10.7%+1.0pp 9.7%
Return on Equity 0.1%-0.7pp 0.8%-0.1pp 0.9%-0.6pp 1.5%+1.3pp 0.2%-2.3pp 2.5%-1.0pp 3.5%+0.4pp 3.0%
Return on Assets 0.1%-0.4pp 0.4%-0.0pp 0.5%-0.3pp 0.8%+0.7pp 0.1%-1.3pp 1.4%-0.5pp 1.8%+0.2pp 1.6%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 0.91+0.1 0.79-0.2 0.940.0 0.95+0.0 0.90+0.2 0.73-0.2 0.920.0 0.92
FCF Margin -17.6%-35.9pp 18.3%+21.7pp -3.3%+14.5pp -17.9%+18.5pp -36.4%-46.5pp 10.1%+12.8pp -2.7%+11.2pp -13.9%

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Frequently Asked Questions

Lgi Homes Inc (LGIH) reported $1.7B in total revenue for fiscal year 2025. This represents a -22.6% 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.

Lgi Homes Inc (LGIH) revenue declined by 22.6% year-over-year, from $2.2B to $1.7B in fiscal year 2025.

Yes, Lgi Homes Inc (LGIH) reported a net income of $72.6M in fiscal year 2025, with a net profit margin of 4.3%.

Lgi Homes Inc (LGIH) reported diluted earnings per share of $3.12 for fiscal year 2025. This represents a -62.4% 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.

Lgi Homes Inc (LGIH) had EBITDA of $84.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Lgi Homes Inc (LGIH) had $61.2M in cash and equivalents against $1.7B in long-term debt.

Lgi Homes Inc (LGIH) had a gross margin of 20.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Lgi Homes Inc (LGIH) had an operating margin of 4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Lgi Homes Inc (LGIH) had a net profit margin of 4.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Lgi Homes Inc (LGIH) has a return on equity of 3.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Lgi Homes Inc (LGIH) generated -$140.9M in free cash flow during fiscal year 2025. This represents a 3.3% 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.

Lgi Homes Inc (LGIH) generated -$140.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lgi Homes Inc (LGIH) had $3.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Lgi Homes Inc (LGIH) invested $924K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Lgi Homes Inc (LGIH) spent $23.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Lgi Homes Inc (LGIH) had 23M shares outstanding as of fiscal year 2025.

Lgi Homes Inc (LGIH) had a debt-to-equity ratio of 0.79 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Lgi Homes Inc (LGIH) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Lgi Homes Inc (LGIH) had $61.2M in cash against an annual operating cash burn of $140.0M. This gives an estimated cash runway of approximately 5 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.

Lgi Homes Inc (LGIH) has a Piotroski F-Score of 2 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Lgi Homes Inc (LGIH) has an earnings quality ratio of -1.93x, 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.

Lgi Homes Inc (LGIH) scores 28 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.

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