Legacy Housing vs Smith Douglas Homes
Smith Douglas Homes is the larger business, with $971m of revenue in fiscal 2025 against $165m for Legacy Housing (5.9 times as much). Smith Douglas Homes grew faster (-0.4% against -10.7%). Legacy Housing kept more of each dollar of sales as profit: a net margin of 25.4% against 1.1%. Smith Douglas Homes carries less debt relative to equity (0.0% against 0.2%).
| Latest fiscal year | Legacy HousingLEGH, 2025 | Smith Douglas HomesSDHC, 2025 |
|---|---|---|
| Revenue | $165m | $971m |
| Revenue growth | -10.7% | -0.4% |
| Net income | $41.8m | $10.7m |
| Operating margin | 29.4% | — |
| Net margin | 25.4% | 1.1% |
| Return on equity | 8.2% | 13.3% |
| Free cash flow | $28.2m | −$36.9m |
| Cash | $8.5m | $12.7m |
| Total debt | $1.2m | $0 |
| Debt to equity | 0.2% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $7.6m | — |
| Employees | 592 | 510 |
| Market value | $732m | $86.1m |
| Price vs our value range | Above our value range | — |
| Moat score | 69 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 10 buys, 0 sales |