Legacy Housing (LEGH) financial statements
Legacy Housing reported revenue of $117M in fiscal 2025, down 2.5% a year over 7 years.
Net income was $42M and the operating margin 41.4%, against 23.6% in 2018.
Free cash flow was $28M, and the company returned $8M in net buybacks.
The diluted share count rose 19% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Legacy Housing's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $139M | $143M | $148M | $166M | $222M | $145M | $129M | $117M |
| Cost of revenue | $107M | $105M | $110M | $114M | $150M | $100M | $90M | $85M |
| Gross profit | $32M | $38M | $38M | $52M | $72M | $45M | $39M | $32M |
| Selling, general and admin | $21M | $25M | $19M | $23M | $28M | $24M | $22M | $30M |
| Operating income | $33M | $38M | $48M | $59M | $78M | $65M | $64M | $48M |
| Interest expense | $3M | $702,000 | $1M | $887,000 | $375,000 | $930,000 | $689,000 | $28,000 |
| Pre-tax income | $31M | $38M | $49M | $61M | $82M | $69M | $76M | $52M |
| Income tax | $9M | $9M | $11M | $11M | $14M | $14M | $14M | $10M |
| Net income | $22M | $29M | $38M | $50M | $68M | $54M | $62M | $42M |
| EPS (diluted) | $1.07 | $1.18 | $1.57 | $2.05 | $2.74 | $2.17 | $2.48 | $1.74 |
| Diluted shares | 20M | 24M | 24M | 24M | 25M | 25M | 25M | 24M |
| Gross margin | 22.9% | 26.7% | 25.6% | 31.3% | 32.4% | 31.3% | 30.4% | 27.5% |
| Operating margin | 23.6% | 26.4% | 32.3% | 35.5% | 35.1% | 44.5% | 49.2% | 41.4% |
| Net margin | 15.5% | 20.1% | 25.8% | 30.0% | 30.5% | 37.5% | 47.7% | 35.8% |
Balance sheet
Fiscal years, from Legacy Housing's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3M | $2M | $768,000 | $1M | $3M | $748,000 | $1M | $8M |
| Receivables | $3M | $2M | $4M | $5M | $5M | $5M | $4M | $5M |
| Inventory | $42M | $27M | $27M | $42M | $32M | $41M | $38M | $40M |
| Total current assets | $63M | $53M | $55M | $93M | $107M | $116M | $124M | $165M |
| Property, plant and equipment | $17M | $21M | $23M | $28M | $30M | $38M | $48M | $60M |
| Goodwill | — | — | — | — | — | — | — | $2M |
| Total assets | $235M | $284M | $339M | $367M | $437M | $507M | $534M | $580M |
| Total current liabilities | $20M | $52M | $36M | $42M | $41M | $37M | $33M | $47M |
| Total liabilities | $46M | $61M | $79M | $57M | $55M | $70M | $40M | $52M |
| Shareholders' equity | $189M | $222M | $259M | $309M | $382M | $437M | $494M | $529M |
| Net debt | -$3M | -$2M | -$768,000 | -$1M | -$3M | -$748,000 | -$1M | -$8M |
Cash flow
Fiscal years, from Legacy Housing's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3M | -$4M | -$2M | $60M | -$2M | -$14M | $36M | $37M |
| Capital spending | $6M | $4M | $3M | $6M | $4M | $8M | $9M | $9M |
| Free cash flow | -$3M | -$8M | -$5M | $54M | -$5M | -$21M | $27M | $28M |
| Stock-based compensation | — | $630,000 | $226,000 | $230,000 | $5M | $769,000 | $777,000 | $458,000 |
| Share buybacks (net) | — | -$3M | -$1M | — | — | — | -$5M | -$8M |
| Free cash flow margin | -2.4% | -5.9% | -3.2% | 32.7% | -2.5% | -14.6% | 20.7% | 24.1% |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for LEGH.
Open LEGH in InvestinglyQuestions
What was Legacy Housing's revenue in 2025?
$117M in fiscal 2025, from its 10-K filing.
How much free cash flow does Legacy Housing generate?
$28M in fiscal 2025 (operating cash flow minus capital spending).
From Legacy Housing's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.