Legence Corp. Class A Common stock (LGN) financial statements
Legence Corp. Class A Common stock reported revenue of $2.6B in fiscal 2025, up 25.7% a year over 2 years.
Net income was -$60M and the operating margin 2.4%, against 0.6% in 2023.
Free cash flow was $219M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Legence Corp. Class A Common stock's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $1.6B | $2.1B | $2.6B |
| Cost of revenue | $1.3B | $1.7B | $2.0B |
| Gross profit | $315M | $431M | $536M |
| Selling, general and admin | $186M | $243M | $343M |
| Operating income | $10M | $70M | $62M |
| Interest expense | $68M | $92M | $102M |
| Pre-tax income | -$54M | -$23M | -$55M |
| Income tax | -$8M | $5M | $22M |
| Net income | -$46M | -$29M | -$60M |
| Gross margin | 19.5% | 20.5% | 21.0% |
| Operating margin | 0.6% | 3.4% | 2.4% |
| Net margin | -2.8% | -1.4% | -2.3% |
Balance sheet
Fiscal years, from Legence Corp. Class A Common stock's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Cash and short-term investments | — | $81M | $230M |
| Receivables | — | $449M | $584M |
| Inventory | — | $10M | $11M |
| Total current assets | — | $756M | $1.1B |
| Property, plant and equipment | — | $73M | $92M |
| Goodwill | $676M | $781M | $764M |
| Total assets | — | $2.4B | $2.7B |
| Total current liabilities | — | $411M | $708M |
| Long-term debt | — | $1.6B | $812M |
| Total liabilities | — | $2.1B | $1.9B |
| Shareholders' equity | — | — | $392M |
| Net debt | — | $1.5B | $582M |
Cash flow
Fiscal years, from Legence Corp. Class A Common stock's 10-K filings with the SEC.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | $34M | $29M | $257M |
| Capital spending | $17M | $19M | $38M |
| Free cash flow | $17M | $10M | $219M |
| Stock-based compensation | $10M | $5M | $68M |
| Free cash flow margin | 1.0% | 0.5% | 8.6% |
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Open LGN in InvestinglyQuestions
What was Legence Corp. Class A Common stock's revenue in 2025?
$2.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Legence Corp. Class A Common stock generate?
$219M in fiscal 2025 (operating cash flow minus capital spending).
From Legence Corp. Class A Common stock's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.