Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Legence Corp. Class A Common stock

LGNNASDAQ
Wall Street ScoreUnder review
$42.73USD+$1.92 (+4.71%)

The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.

Company website www.wearelegence.com
Headquarters1601 Las Plumas Avenue, San Jose, CA, 95133, US
Financial statement currencyUSD · no FX conversion applied
Industrials · Engineering & Construction
Price updated todayFinancials updated Oct 1, 2026

LGN · Price history

Price at last available close

$42.63

−$11.07 (-20.61%) 1M

2026-10-29

Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.

Company & revenue

About Legence Corp. Class A Common stock

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.

Product / operating segments

Installation And MaintenanceUSD 1.82B71.5%

Period ended 2025-12-31Source

Engineering And ConsultingUSD 726.29M28.5%

Period ended 2025-12-31Source

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.

Customer types

  • Mission-critical facility ownersSource

Customer concentration

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

Company-specific research

Questions worth answering for LGN

Research inputs 100% complete

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?
Debt service risk
Business analysis: 17 days ago · Fresh

Essential Investment Snapshot

Market Cap

$5.91B

P/E Ratio

-78.5

EPS

$-0.66

52-Week High

$107.24

52-Week Low

$29.32

Beta

3.06

Analyst Target

$99.00

Shares Outstanding

121.0M

Total Debt

$1.20B

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$8.08

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
25/ 100
+24 pts / 5d

Strong downward momentum

5D +15.7% · 20D -17.5% · RSI 32 · Price vs 20D avg -6.2%
Volatility
69/ 100
+13 pts / 5d

Elevated movement

20D realized vol 75.6% · 60D 64.9% · Acceleration 1.17x
Momentum = Where is it going?

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.

Create a free account to make a call.

Scores

Click any score for full breakdown

—

Tap for breakdown →

—

Debt Cost10.7%
Debt Reduction YoY44.0%
Debt / Equity2.43x

Tap for breakdown →

—

Revenue YoY46.9%
Revenue CAGR25.7%
Net Margin-1.2%

Tap for breakdown →

—

Asset Growth YoY13.9%
Liquidation/Share$8.08
Net Assets/MCap0.41x

Tap for breakdown →

—

Earnings Yield-0.7%
Buyback Yield0.0%
Debt Cost10.7%

Tap for breakdown →

—

ROIC6.2%
ROE-7.5%
ROA-1.2%

Tap for breakdown →

—

EPS Growth—
FCF/Share Growth1291.6%
Rev/Share Growth23.0%

Tap for breakdown →

—

Intrinsic Value—
Value Reference—
MOS—

Tap for breakdown →

—

Revenue—
Moat—
Valuation—

Tap for breakdown →

—

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

—

Interest Coverage0.9x
ROIC6.2%
FCF Yield3.5%

Tap for breakdown →

—

Financial—
Valuation—
Debt—

Tap for breakdown →

—

Survival Years0.8 yrs
Current Ratio1.57x
FCF Margin8.6%

Tap for breakdown →

Was this stock page easy to understand?

One click helps us improve the research experience. This is not tied to an investment decision.

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.

Financial Charts

Revenue

2022202320242025$0$650M$1.3B$1.9B$2.6B

Additional Metrics

Operating Cash Flow

2022202320242025$0$65M$130M$195M$260M

Total Debt

202320242025$0$450M$900M$1.4B$1.8B

Total Assets

202320242025$0$700M$1.4B$2.1B$2.8B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

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 ItemTTM2025202420232022
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 Shares76.03M59.38M58.51M58.51M····
Diluted Shares76.03M59.38M58.51M58.51M····
Upgrade to Premium for up to 10 annual periods, where available.
Upgrade to Premium

Earnings Summary

Estimated earnings date:Nov 13, 2026
Estimated EPS: $0.57Estimated revenue: $1.26B
Jun 30, 2026Q2FY2026

Revenue

$1.26B

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.47

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+15.0%

Cash Change

+197.7%

Margin Change

-1.3 pp

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.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 121 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

48

Smart Money

48

Number of Gurus

2

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

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.

Start 7-Day Free Trial

Historical Outperformance Record

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.

Start 7-Day Free Trial

Historical Trends

3 historical records
Jul 24, 26Sep 13, 26Oct 1, 260255075100

Historical Score Chart

3 of 3 records shown

Wall Street Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Debt Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Revenue Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Asset Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Capital Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Management Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Moat Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Valuation Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Buffett Score

Jul 24, 26Sep 13, 26Oct 1, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

Related Companies

Engineering & Construction

CDLR

Cadeler A/S

67Fair
$25.26View

WLDN

Willdan Group, Inc.

62Fair
$76.05View

FIX

Comfort Systems USA, Inc.

62Fair
$1345.77View

AGX

Argan, Inc.

61Fair
$351.06View

MGN

Megan Holdings Limited Ordinary Shares

60Fair
$3.59View

TTEK

Tetra Tech, Inc.

60Fair
$36.87View

News

Rumor Mill · LGN

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

Related Stock Research

Continue researching this company with related Wall Street Score rankings and investing guides.

Highest Wall Street Score stocksBest growth stocksHow Wall Street Score worksHow to analyze a stockUnderstanding financial healthIntrinsic value guide

Score Alerts

Premium unlocks alerts when a score rises, falls, or reaches your target price.

Start 7-Day Free Trial

Portfolio Score

Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.

Start 7-Day Free Trial