LGIH · Lgi Homes, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $319.74M | - | $396.63M | $483.49M | $351.42M | - | $651.85M | $602.50M | $390.85M | - |
| Cost of Revenue | $259.81M | - | $311.52M | $372.88M | $277.71M | - | $488.36M | $451.61M | $299.45M | - |
| Gross Profit | $59.93M | - | $85.11M | $110.61M | $73.71M | - | $163.49M | $150.88M | $91.40M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $27.86M | - | $27.97M | $29.40M | $31.20M | - | $27.99M | $30.49M | $31.54M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.19M | - | - | - | $861.0K | - | - | - | $673.0K | - |
| Operating Income | ($582.0K) | - | $21.48M | $39.61M | $169.0K | - | $80.31M | $67.52M | $18.73M | - |
| Interest Expense | $0 | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Income Tax | $2.16M | - | $7.00M | $10.51M | $1.73M | - | $22.28M | $18.31M | $6.04M | - |
| Net Income | $2.16M | - | $19.70M | $31.53M | $3.99M | - | $69.58M | $58.57M | $17.05M | - |
| EPS - Basic | $0.09 | - | $0.85 | $1.36 | $0.17 | - | $2.96 | $2.49 | $0.72 | - |
| EPS - Diluted | $0.09 | - | $0.85 | $1.36 | $0.17 | - | $2.95 | $2.48 | $0.72 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $60.86M | $61.25M | $61.98M | $59.56M | $57.60M | $53.20M | $60.90M | $51.07M | $49.00M | $48.98M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $4.01B | $3.93B | $4.04B | $4.01B | $3.89B | $3.76B | $3.83B | $3.70B | $3.52B | $3.41B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | $1.66B | - | - | - | $1.48B | - | - | - | $1.25B |
| Total Liabilities | $1.91B | $1.83B | $1.96B | $1.95B | $1.85B | $1.72B | $1.83B | $1.78B | $1.65B | $1.55B |
| Stockholders' Equity | $2.10B | $2.10B | $2.08B | $2.06B | $2.04B | $2.04B | $2.00B | $1.92B | $1.87B | $1.86B |
| Retained Earnings | $2.16B | $2.16B | $2.14B | $2.12B | $2.09B | $2.09B | $2.03B | $1.97B | $1.91B | $1.89B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($55.55M) | - | - | - | ($127.15M) | - | - | - | ($99.49M) | - |
| Investing Cash Flow | $6.44M | - | - | - | ($245.0K) | - | - | - | $2.02M | - |
| Financing Cash Flow | $48.72M | - | - | - | $131.80M | - | - | - | $97.49M | - |
| CapEx | $696.0K | - | - | - | $831.0K | - | - | - | $1.00M | - |
| Free Cash Flow | ($56.24M) | - | - | - | ($127.98M) | - | - | - | ($100.49M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 18.7% | - | 21.5% | 22.9% | 21.0% | - | 25.1% | 25.0% | 23.4% | - |
| Operating margin | -0.2% | - | 5.4% | 8.2% | 0.0% | - | 12.3% | 11.2% | 4.8% | - |
| EBITDA margin | 0.2% | - | - | - | 0.3% | - | - | - | 5.0% | - |
| Net margin | 0.7% | - | 5.0% | 6.5% | 1.1% | - | 10.7% | 9.7% | 4.4% | - |
| Free cash flow margin | -17.6% | - | - | - | -36.4% | - | - | - | -25.7% | - |
| FCF / Net income | -26.04 | - | - | - | -32.04 | - | - | - | -5.89 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 8.7% | - | 7.1% | 6.1% | 8.9% | - | 4.3% | 5.1% | 8.1% | - |
| Effective tax rate | 50.0% | - | 26.2% | 25.0% | 30.2% | - | 24.3% | 23.8% | 26.2% | - |
| Return on assets | 0.1% | - | 0.5% | 0.8% | 0.1% | - | 1.8% | 1.6% | 0.5% | - |
| Return on equity | 0.1% | - | 0.9% | 1.5% | 0.2% | - | 3.5% | 3.0% | 0.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | 0.79 | - | - | - | 0.73 | - | - | - | 0.67 |
| Debt / Assets | - | 0.42 | - | - | - | 0.39 | - | - | - | 0.37 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.91 | 1.87 | 1.94 | 1.95 | 1.90 | 1.84 | 1.92 | 1.92 | 1.88 | 1.84 |
| Liabilities / Assets | 0.48 | 0.47 | 0.49 | 0.49 | 0.47 | 0.46 | 0.48 | 0.48 | 0.47 | 0.46 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.10 | 0.12 | 0.09 | - | 0.17 | 0.16 | 0.11 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 439.2x | - | 60.8x | 37.9x | 391.0x | - | 40.2x | 36.1x | 161.6x | - |
| P / B | 0.4x | - | 0.6x | 0.6x | 0.8x | - | 1.4x | 1.1x | 1.5x | - |
| P / S | 2.9x | - | 3.0x | 2.5x | 4.4x | - | 4.3x | 3.5x | 7.0x | - |
| EV / EBITDA | 1409.5x | - | - | - | 1458.5x | - | - | - | 139.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -9.0% | - | -39.2% | -19.8% | -10.1% | - | 5.6% | -6.6% | -19.8% | - |
| Revenue CAGR (3y) | -13.1% | - | -10.2% | -12.6% | -13.7% | - | -4.6% | -8.7% | -17.9% | - |
| Revenue CAGR (5y) | -14.7% | - | -5.8% | 0.1% | -5.0% | - | 6.2% | 5.5% | 6.3% | - |
| Gross profit growth (YoY) | -18.7% | - | -47.9% | -26.7% | -19.4% | - | 3.0% | 6.3% | -7.5% | - |
| Operating income growth (YoY) | - | - | -73.2% | -41.3% | -99.1% | - | -2.4% | 3.7% | -28.1% | - |
| Net income growth (YoY) | -45.9% | - | -71.7% | -46.2% | -76.6% | - | 3.8% | 10.2% | -36.8% | - |
| EPS growth (YoY) | -47.1% | - | -71.2% | -45.2% | -76.4% | - | 3.9% | 10.2% | -36.8% | - |
| EPS CAGR (3y) | -57.1% | - | -39.6% | -36.0% | -62.6% | - | -10.0% | -19.2% | -43.3% | - |
| EPS CAGR (5y) | -53.1% | - | -24.7% | -9.3% | -36.7% | - | 8.9% | 6.4% | -0.3% | - |
| FCF growth (YoY) | 56.1% | - | - | - | -27.3% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.9% | 2.9% | 4.1% | 6.9% | 9.3% | 9.8% | 10.8% | 11.1% | 11.6% | 13.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$1.71B totalSoutheast Reportable Segment$472.15M · 27.7%
Central Reportable Segment$419.24M · 24.6%
West Reportable Segment$387.23M · 22.7%
Florida Reportable Segment$237.91M · 13.9%
Northwest Reportable Segment$188.97M · 11.1%
Product / service
$1.71B totalRetail$1.48B · 86.5%
Wholesale$230.33M · 13.5%
Peer comparison
Same SIC group: Operative Builders
Comparing LGI Homes against the 5 most active filers in the same SIC group.