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Legence Corp. Class A Common stock
LGNNASDAQ
Wall Street ScoreUnder review
$42.73USD+$1.92 (+4.71%)
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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Legence Corp., a company established in 1914 and based in San Jose, California, specializes in providing engineering, installation, and maintenance services for essential building systems throughout the United States. Its operations are structured into two key divisions: Engineering & Consulting, and Installation & Maintenance. The Engineering & Consulting segment focuses on designing HVAC and other mechanical, electrical, and plumbing (MEP) systems for various structures.
How they make money
Legence Corp. operates as a pure-play building performance platform that provides engineering, consulting, installation, and maintenance services. The company generates revenue primarily through long-term service contracts and project-based work focused on improving the energy efficiency, sustainability, and operational performance of mission-critical facilities.
Products & services
Engineering and design, program and project management, installation and fabrication, and maintenance and service for building systems.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Enterprise resource planning software providers — Providers of enterprise resource planning systems including IFS, Onestream, and Ceridian Dayforce.Source
Strengths
Pure-play building performance platform modelSource
Risks
Operational and integration risks associated with acquisitionsSource
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can LGN maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is LGN's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is LGN's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What specifically needs to improve for LGN to reach sustainable profitability?
•What future growth or profitability would be needed to justify LGN's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for LGN
Detected from reported data — verify before acting.
Debt service risk
Interest coverage is low (~0.9x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on LGN.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Pure-play building performance platform model.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Engineering & Construction industry.
−Operational and integration risks associated with acquisitions.
−Diluted weighted-average shares increased 29.9% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdown
Debt
—
Debt Cost10.7%
Debt Reduction YoY44.0%
Debt / Equity2.43x
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Revenue
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Revenue YoY46.9%
Revenue CAGR25.7%
Net Margin-1.2%
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Asset
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Asset Growth YoY13.9%
Liquidation/Share$8.08
Net Assets/MCap0.41x
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Capital
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Earnings Yield-0.7%
Buyback Yield0.0%
Debt Cost10.7%
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Management
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ROIC6.2%
ROE-7.5%
ROA-1.2%
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Moat
—
EPS Growth—
FCF/Share Growth1291.6%
Rev/Share Growth23.0%
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Valuation
—
Intrinsic Value—
Value Reference—
MOS—
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Buffett
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Revenue—
Moat—
Valuation—
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MOS
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MOS %—
Value Reference—
Deep Discount Reference—
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Financial
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Interest Coverage0.9x
ROIC6.2%
FCF Yield3.5%
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Master
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Financial—
Valuation—
Debt—
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Resilience
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Survival Years0.8 yrs
Current Ratio1.57x
FCF Margin8.6%
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailable
Current Price
$42.73
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
Revenue
$3.75B
$2.55B
$2.10B
$1.62B
····
Cost of Revenue
$3.12B
$2.01B
$1.67B
$1.30B
····
Gross Profit
$627.1M
$535.9M
$428.6M
$315.1M
····
Research & Development
$0.00
$0.00
$0.00
$0.00
····
SG&A Expenses
$464.4M
$342.6M
$252.7M
$186.1M
····
Operating Expenses
$513.3M
$443.0M
$370.2M
$304.9M
····
EBITDA
$192.9M
$160.9M
$156.6M
$107.1M
····
Operating Income
$113.8M
$92.9M
$58.4M
$10.3M
····
Interest Expense
$75.9M
$101.8M
$25.5M
$68.2M
····
Income Before Tax
-$61.2M
-$55.1M
$20.2M
-$53.9M
····
Income Tax Expense
$10.3M
$22.2M
$2.8M
-$7.9M
····
Net Income
-$45.0M
-$59.8M
$9.7M
-$46.0M
····
Basic EPS
$-0.66
$-1.01
$0.10
$-0.45
····
Basic Shares
76.03M
59.38M
58.51M
58.51M
····
Diluted Shares
76.03M
59.38M
58.51M
58.51M
····
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Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Cash position grew
What Weakened
Margins contracted
Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels. Pressure indicators included debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 110.7%. EPS increased 807.3%. Cash increased 197.7%. Total debt increased 15.0%. Net income margin declined by 1.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
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5 Years
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10 Years
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Conservative Projection Rate
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Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.