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Legacy Housing Corp (LEGH) stock

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NASDAQ: LEGH Nasdaq Homebuilding Next results ~November 4, 2026

A Fundamentals grade

Legacy Housing Corp is a US-listed company in the homebuilding industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$15

Cash-flow model

Base case. Range ~$12–$20 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 52% below it.

Price used: $32.16, November 2, 2026

Legacy Housing Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds65 adding, 39 cuttingOf 20 active managers that changed their stake, 13 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Legacy Housing files

Where Legacy Housing stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $179m, down 2.6% on a year earlier, a smaller fall than the 7.6% decline a quarter earlier. Free-cash-flow margin rose to 21.5% from 12.2% a year earlier. The diluted share count is down 4.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades A. It passes 3 of our 3 financial-health checks. Our cash-flow model value is $15.27 a share, against a share price of $28.84. At that price, our model says the market is pricing in about 13.9% a year of cash-flow growth for five years, faster than the -1.9% a year revenue growth it has delivered.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Legacy Housing Corp's trailing-twelve-month revenue fell 2.6% year on year, with a free-cash-flow margin of 21.5%. Where it stands out: gross margin of 49.8% ranks 1 of 11 homebuilding companies we cover.

Our discounted-cash-flow model values the business at ~$15 per share in the base case (~$12–$20 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 71.8% while net income fell 7.3%: a 79pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 32.8% of revenue is left as operating profit, against a median of 9.5% for homebuilding companies we cover.
  • Strong cash generation. 21.5% of revenue turned into free cash flow, against a median of 7.7% for homebuilding companies we cover.
  • Shrinking share count. Diluted shares fell 4.8% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Priced above our value. The share price of $32.16 is 52% above our value per share of $15.
  • Revenue shrinking. Revenue fell 2.6% over the last 12 months.
  • Weak cash conversion. Free cash flow was 75% of net income over the last 12 months.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
  • Earnings expected to fall. The consensus expects earnings per share to fall 16% next year.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.99 against an average estimate of $0.75: beat by 32.0%
Revenue
$66m, up 32.3% on a year earlier
Next report
November 4, 2026

Legacy Housing's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+9.5%
  • 1 week+13.8%
  • 1 month+9.6%
  • This year+64.8%
  • 1 year+43.2%
  • 5 years+69.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$179M
Operating margin
32.8%
Net margin
28.6%
EPS (TTM, diluted)
$2.18

Growth

Revenue growth
−2.6%
Change in growth rate
+4.9 pts
Share count change
−4.8%

Cash

Free cash flow (TTM)
$38.6M
FCF margin
21.5%
Stock pay % of revenue
-0.0%

Earnings

Last results
May 8, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Shareholder vote
  2. Leadership
  3. Announcement
  4. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Legacy Housing Corp valuation models and calculator

What the price is pricing in

The share price implies about 15.7% a year of cash-flow growth for five years.That is faster than the -1.9% a year revenue growth Legacy Housing has delivered.

  • Priced in15.7%
  • Last 12 months-2.6%
  • 3 years a year-9.0%
  • 5 years a year-1.9%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($31.74, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$15
Price used
$31.74close November 3, 2026
Implied change
▼ 52%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Legacy Housing Corp's free cash flow after stock-based pay with after-tax interest added back ($20.2M, FY2026 Q2 TTM), growing 2% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$12–~$20 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Legacy Housing Corp's free cash flow after stock-based pay ( $20.2M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Legacy Housing Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.83 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$15 ~$12–$20 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$30 ~$27–$36 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$48 ~$32–$73 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$46 ~$39–$55 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$31 ~$15–$48 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Legacy Housing Corp with Homebuilding in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +71%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $13$18$24$31$41$54
8.5% $11$14$18$23$31$40
10% $9$11$15$19$24$31

Valuation multiples over time Market data may be delayed

At fiscal year end 20182019202020212022202320242025Now
Share price$11.93$16.64$15.11$26.47$18.96$25.22$24.68$19.52$32.16
Market value$241m$407m$366m$643m$469m$632m$613m$468m$757m
+ Net debt (− = net cash)$11m$29m$35m$7m−$273000$23m$962000−$7m−$28m
Enterprise value$252m$436m$402m$650m$469m$655m$614m$461m$729m
Multiples
Price / sales 1.5x2.4x2.1x3.3x1.8x3.3x3.3x2.8x4.2x
Price / earnings 11.2x14.1x9.6x12.9x6.9x11.6x10.0x11.2x14.8x
Price / free cash flow ———11.8x——22.9x16.6x19.6x
EV / EBITDA 7.5x11.2x8.2x10.7x5.9x9.9x9.4x9.2x12.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

69 /100

Moderate moat

How hard Legacy Housing's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Cash operating profit has been a median 12.1% of total assets over 7 years.

  • Pricing power 11 / 20

    Gross margin has been a median 42.2%, moving by 5.5 percentage points (standard deviation) across 8 years.

  • Durability 20 / 20

    Operating margin has been a median 30.8%; its worst year was 21.6%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 4 of 8 years, at a median -0.1% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 2.7% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.64 +52% — —
Next $2.23 −16% — —

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +27.5% on 90 days ago. In the last 30 days, 2 analysts raised Legacy Housing Corp's forecast and 0 cut it.

Consensus EPS forecast Legacy Housing Corp, last 90 days
$2.00 $2.20 $2.40 $2.60 $2.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.07 Current fiscal year, 60 days ago: $2.19 Current fiscal year, 30 days ago: $2.19 Current fiscal year, 7 days ago: $2.19 Current fiscal year, Now: $2.64 $2.64 Next fiscal year, 60 days ago: $2.13 Next fiscal year, 30 days ago: $2.13 Next fiscal year, 7 days ago: $2.13 Next fiscal year, Now: $2.23 $2.23

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.07$2.13
60 days ago $2.19$2.13
30 days ago $2.19$2.13
7 days ago $2.19$2.23
Now $2.64$0.00

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.75 $0.99 +32.0%
Mar 2026 $0.45 $0.46 +3.4%
Dec 2025 $0.49 $0.37 −25.0%
Sept 2025 $0.58 $0.35 −39.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, May 8, 2026

No numeric guidance in Legacy Housing Corp's latest earnings release (filed May 8, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

1 analysts, Oct 2026
Buy00%
Hold1100%
Sell00%

Monthly trend

  1. Oct 202611

Counts of recommendations published by analysts covering Legacy Housing Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.9%
of tradable shares
Days to cover
9.93
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
42%
of shares
Held by insiders
63.6%
of shares
Employees
592
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +43.2%

$22.45 on October 31, 2025 to $32.16

ThenNowEffect
Revenue (last 12 months) $184m $179m −2.6%
Net margin 30.0% 28.6% −4.8%
P/E multiple 10.0x 14.8x +47.1%
Share count 25m 24m +5.0%

Biggest factor: p/e multiple.

Last 3 years +64.8%

$19.51 on November 3, 2023 to $32.16

ThenNowEffect
Revenue (last 12 months) $238m $179m −24.7%
Net margin 27.6% 28.6% +3.6%
P/E multiple 7.4x 14.8x +99.8%
Share count 25m 24m +5.8%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
LEGH+75%−28%+33%−2%−21%+65%
Industry peers (median)+47%−28%+95%−3%−11%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LEGH67%50%50%42%33%82%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LEGH−19%−54%−28%−25%−34%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 14, 2018: 54% from February 18, 2022 to July 12, 2022. Getting back needed a 119% gain, reached on July 26, 2024, 745 days after the low.

Price behaviour

52-week range
$18.79 – $32.16
From 52-week high
0.0%
vs 50-day average
+13.8%
vs 200-day average
+31.4%
Volatility (1 year)
35%
Beta vs S&P 500
0.72

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±2.5%
After a week
5 up, 7 down
typical move ±3.8%
After a month
7 up, 5 down
typical move ±5.9%
Results releasedNext dayS&P 500 next day5 days21 days
May 8, 2026 +4.5% +1.1% +2.5% +15.1%
November 7, 2025 −7.7% +1.7% −13.3% −11.9%
November 14, 2024 −1.3% −1.9% −2.4% −4.3%
August 13, 2024 +1.8% +2.0% +2.9% +8.5%
May 14, 2024 +4.9% +1.7% +3.1% +1.7%
August 11, 2023 −3.0% +0.5% −3.1% −5.1%
May 11, 2023 −2.2% −0.3% −5.7% −7.6%
March 20, 2023 +0.2% +2.3% +0.4% +0.5%
November 14, 2022 −1.3% 0.0% −2.1% +7.6%
September 27, 2022 +0.6% +1.7% +5.8% +2.3%
November 12, 2021 −1.1% +0.8% 0.0% −6.1%
August 11, 2021 −1.1% +0.5% −4.8% +0.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Legacy Housing Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 3, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Legacy Housing Corp in five measures

Fundamentals grade A
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Legacy Housing Corp
$160M $180M $200M $220M $240M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $231M Revenue (TTM), FY23 Q4: $189.1M Revenue (TTM), FY24 Q1: $179.5M Revenue (TTM), FY24 Q2: $169.4M Revenue (TTM), FY24 Q3: $163.7M Revenue (TTM), FY24 Q4: $184.2M Revenue (TTM), FY25 Q1: $176.6M Revenue (TTM), FY25 Q2: $184.3M Revenue (TTM), FY25 Q3: $180.5M Revenue (TTM), FY25 Q4: $164.6M Revenue (TTM), FY26 Q1: $163.3M Revenue (TTM), FY26 Q2: $179.4M $179.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $231M
FY23 Q4 $189.1M
FY24 Q1 $179.5M
FY24 Q2 $169.4M
FY24 Q3 $163.7M
FY24 Q4 $184.2M
FY25 Q1 $176.6M
FY25 Q2 $184.3M
FY25 Q3 $180.5M
FY25 Q4 $164.6M
FY26 Q1 $163.3M
FY26 Q2 $179.4M
Revenue growth, TTM YoY Legacy Housing Corp
-30% -20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -1.3% Revenue growth, TTM YoY, FY23 Q4: -26.4% Revenue growth, TTM YoY, FY24 Q1: -28.2% Revenue growth, TTM YoY, FY24 Q2: -28.9% Revenue growth, TTM YoY, FY24 Q3: -29.1% Revenue growth, TTM YoY, FY24 Q4: -2.6% Revenue growth, TTM YoY, FY25 Q1: -1.6% Revenue growth, TTM YoY, FY25 Q2: 8.8% Revenue growth, TTM YoY, FY25 Q3: 10.2% Revenue growth, TTM YoY, FY25 Q4: -10.7% Revenue growth, TTM YoY, FY26 Q1: -7.6% Revenue growth, TTM YoY, FY26 Q2: -2.6% -2.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -1.3%
FY23 Q4 -26.4%
FY24 Q1 -28.2%
FY24 Q2 -28.9%
FY24 Q3 -29.1%
FY24 Q4 -2.6%
FY25 Q1 -1.6%
FY25 Q2 8.8%
FY25 Q3 10.2%
FY25 Q4 -10.7%
FY26 Q1 -7.6%
FY26 Q2 -2.6%
Operating margin (TTM) Legacy Housing Corp
28% 30% 32% 34% 36% 38% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 33.5% Operating margin (TTM), FY23 Q4: 34.1% Operating margin (TTM), FY24 Q1: 35.1% Operating margin (TTM), FY24 Q2: 36.3% Operating margin (TTM), FY24 Q3: 35.3% Operating margin (TTM), FY24 Q4: 34.5% Operating margin (TTM), FY25 Q1: 33.1% Operating margin (TTM), FY25 Q2: 32.1% Operating margin (TTM), FY25 Q3: 29.7% Operating margin (TTM), FY25 Q4: 29.4% Operating margin (TTM), FY26 Q1: 30.1% Operating margin (TTM), FY26 Q2: 32.8% 32.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 33.5%
FY23 Q4 34.1%
FY24 Q1 35.1%
FY24 Q2 36.3%
FY24 Q3 35.3%
FY24 Q4 34.5%
FY25 Q1 33.1%
FY25 Q2 32.1%
FY25 Q3 29.7%
FY25 Q4 29.4%
FY26 Q1 30.1%
FY26 Q2 32.8%
FCF margin (TTM) Legacy Housing Corp
-20% -10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -5.6% FCF margin (TTM), FY23 Q4: -11.2% FCF margin (TTM), FY24 Q1: -4.4% FCF margin (TTM), FY24 Q2: -0.3% FCF margin (TTM), FY24 Q3: 5.7% FCF margin (TTM), FY24 Q4: 14.5% FCF margin (TTM), FY25 Q1: 11.6% FCF margin (TTM), FY25 Q2: 12.2% FCF margin (TTM), FY25 Q3: 10.2% FCF margin (TTM), FY25 Q4: 17.1% FCF margin (TTM), FY26 Q1: 18.3% FCF margin (TTM), FY26 Q2: 21.5% 21.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -5.6%
FY23 Q4 -11.2%
FY24 Q1 -4.4%
FY24 Q2 -0.3%
FY24 Q3 5.7%
FY24 Q4 14.5%
FY25 Q1 11.6%
FY25 Q2 12.2%
FY25 Q3 10.2%
FY25 Q4 17.1%
FY26 Q1 18.3%
FY26 Q2 21.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Legacy Housing took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $165M
  2. Other income $3.2M · 1.9%
  3. Cost of revenue $84.8M · 51.5%
  4. Gross profit $79.7M · 48.5%
  5. Selling, general and admin $29.6M · 18.0%
  6. Other operating costs $1.7M · 1.0%
  7. Operating income $48.4M · 29.4%
  8. Income tax $9.8M · 5.9%
  9. Net income $41.8M · 25.4%

Shares of revenue. Source: Legacy Housing's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 162 169 177 198 257 189 184 165 179
Gross profit 55 64 67 83 107 89 94 80 89
EBITDA 34 39 49 61 80 66 66 50 61
Operating income 33 38 48 59 78 65 64 48 59
Net income 22 29 38 50 68 54 62 42 51
Diluted EPS $1.07 $1.18 $1.57 $2.05 $2.74 $2.17 $2.48 $1.74 $2.18
Growth (year on year)
Revenue — +4.4% +4.6% +11.8% +30.1% −26.4% −2.6% −10.7% −2.6%
EBITDA — +15.5% +25.6% +24.0% +32.1% −17.1% −1.2% −23.3% −0.3%
Operating income — +15.4% +25.8% +23.8% +32.4% −17.2% −1.5% −23.9% −0.7%
Net income — +34.1% +31.7% +31.3% +35.9% −19.6% +13.2% −32.2% −7.3%
Diluted EPS — +10.3% +33.1% +30.6% +33.7% −20.8% +14.3% −29.8% −2.7%
Margins
Gross margin 33.8% 37.9% 37.9% 42.3% 41.6% 47.3% 51.1% 48.5% 49.8%
EBITDA margin 20.8% 23.0% 27.6% 30.6% 31.1% 35.1% 35.6% 30.5% 33.9%
Operating margin 20.3% 22.4% 26.9% 29.8% 30.4% 34.1% 34.5% 29.4% 32.8%
Net margin 13.3% 17.1% 21.5% 25.3% 26.4% 28.8% 33.5% 25.4% 28.6%
Free-cash-flow margin −2.0% −5.0% −2.6% 27.5% −2.1% −11.2% 14.5% 17.1% 21.5%
Cash flow
Cash from operations 3 −4 −2 60 −2 −14 36 37 51
Capital spending 6 4 3 6 4 8 9 9 12
Free cash flow −3 −8 −5 54 −5 −21 27 28 39
Stock-based pay — 1 0 0 5 1 1 0 −0
Free cash flow after stock pay — −9 −5 54 −10 −22 26 28 39
Balance sheet
Cash 3 2 1 1 3 1 1 8 29
Total debt 14 31 36 8 3 24 2 1 1
Net debt (negative = net cash) 11 29 35 7 −0 23 1 −7 −28
Diluted shares 20m 24m 24m 24m 25m 25m 25m 24m 24m
Returned to shareholders
Buybacks — 3 1 — — — 5 8 2
Total returned — 3 1 — — — 5 8 2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $616m
Short-term assets $181mLonger-term assets $434m
What it owes, and who funded it · $616m
Short-term liabilities $51mLonger-term liabilities $2mShareholders' equity $562m
  • Short-term assets cover short-term liabilities $181m of assets due within a year against $51m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $181m short-term assets against $2m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $59m against $38,000 of interest.

From Legacy Housing Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$1.8M
Returned to shareholders
5%
of free cash flow
Buybacks, last 3 fiscal years
$14.4M
Diluted share count
−4.8%
year over year
Total shareholder yield
0.2%
dividends 0.0% + buybacks 0.2% of market value
Sales & admin spending
16.4%
of revenue
Days sales outstanding
14 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in homebuilding
Last 12 months unless stated LEGH SDHC LGIH GRBK CVCO SKY Median
Revenue, last 12 months $179m $1.0bn $1.7bn $1.9bn $2.4bn $2.7bn $3.8bn
Revenue growth, last 12 months −2.6% −1.2% −16.7% −7.1% 11.8% 4.5% −7.1%
Revenue growth, 3-year average −9.0% — −7.7% 3.1% 8.0% 4.4% −0.6%
Revenue growth, latest quarter 32.3% 21.9% 5.7% −8.8% 17.9% 1.3% −6.2%
Gross margin 49.8% 19.5% 19.4% 29.2% 22.7% 26.0% 21.1%
Operating margin 32.8% — 4.7% 9.6% 9.5% 8.7% 9.1%
Operating margin, 3-year average 33.8% — 7.9% 12.0% 9.7% 8.9% 12.0%
Net margin 28.6% 0.6% 3.9% 14.2% 7.7% 7.2% 7.2%
Cash from operations / revenue 28.2% 3.7% 7.8% 3.9% 12.7% 11.3% 7.8%
Free-cash-flow margin 21.5% 3.4% 7.7% 3.6% 9.7% 10.0% 7.7%
Free-cash-flow margin, 3-year average 11.1% 0.9% −5.3% 3.3% 8.7% 8.4% 5.8%
Stock pay / revenue −0.0% 0.5% 0.4% 0.5% 0.5% 0.8% 0.5%
Change in share count −4.8% — −1.2% −1.5% −3.5% −3.3% −4.8%

Median of all 17 companies we cover in homebuilding. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 homebuilding companies
Measure Company Peer median Rank
Revenue growth Growth -2.6% -7.1% 6 of 17
Change in growth rate Growth +4.9pp -0.6pp 3 of 17
Gross margin Profitability 49.8% 22.7% 1 of 11
Operating margin Profitability 32.8% 9.5% 1 of 8
Net margin Profitability 28.6% 7.2% 1 of 17
Free-cash-flow margin Cash generation 21.5% 7.7% 1 of 17
Stock pay as % of revenue Cash generation -0.0% 0.5% 1 of 17
Change in share count Balance sheet -4.8% -4.8% 9 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Commercial Sales $38.4M ▼ 30.4%
Inventory Finance Sales $37.2M ▲ 1.4%
Retail Store Sales $22.6M ▲ 12.7%
Direct Sales $11.4M ▲ 24.8%
Other $7.3M ▼ 11.7%

These categories overlap or exclude eliminations, so shares aren't shown.

From Legacy Housing Corp's 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$255M
Institutions reporting
121
Shares held vs prior quarter
▲ 1.3%
Positions opened / closed
17 / 7

Top buyers and sellers, Q2 2026: 65 institutions bought and 39 sold ; the biggest buyer was Bastion Asset Management Inc (+116K shares) and the biggest seller Robotti Robert (−149K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Dimensional Fund Advisors LP $26.5M 1.0M 10.4% ▲ 5.7%
Advisory Research Inc $24.2M 920K 9.5% ▼ 0.5%
Yacktman Asset Management LP $19.8M 754K 7.8% ▲ 6.8%
Blackrock, Inc. $16.7M 636K 6.6% ▲ 7.3%
Voss Capital, LP $15.7M 597K 6.2% ▼ 0.5%
Ameriprise Financial Inc $12.9M 490K 5.1% ▲ 12.6%
Philadelphia Financial Management Of San Francisco, LLC $11.9M 454K 4.7% ▲ 9.5%
Gw&K Investment Management, LLC $11.7M 444K 4.6% ▼ 3.5%
Punch & Associates Investment Management, Inc. $11.2M 428K 4.4% 0.0%
Vanguard Capital Management LLC $9.8M 372K 3.8% ▲ 0.7%
Royce & Associates LP $8.9M 338K 3.5% ▲ 3.0%
Geode Capital Management, LLC $6.5M 249K 2.6% ▲ 7.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Legacy Housing Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around August 26, 2026 estimated from the company's past filing pattern, not announced

  • May 8, 2026
  • November 7, 2025
  • November 14, 2024
  • August 13, 2024
  • May 14, 2024
  • August 11, 2023

Recent SEC filings

Data status

When each part of this page on Legacy Housing Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Legacy Housing Corp in brief

What does Legacy Housing Corp do?
Legacy Housing Corp is a US-listed company in the homebuilding industry. Its financial year ends in December.
What is Legacy Housing Corp's stock ticker?
Legacy Housing Corp trades under the ticker LEGH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Legacy Housing Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Legacy Housing Corp reported revenue of $179M, 2.6% lower than a year earlier, according to its SEC filings.
What is Legacy Housing Corp's free cash flow?
Legacy Housing Corp's free-cash-flow margin is 21.5% of revenue over the trailing twelve months, ranking 1 of the 17 homebuilding companies we cover.
What is Legacy Housing Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Legacy Housing Corp's free cash flow after stock-based pay gives ~$15 per share in the base case, and ~$12–$20 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Legacy Housing Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Dimensional Fund Advisors LP, Advisory Research Inc and Yacktman Asset Management LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Legacy Housing Corp buying back stock, and does it pay a dividend?
Legacy Housing Corp spent $1.8M on share repurchases over the trailing twelve months, and its diluted share count fell 4.8% over the year.
What is Legacy Housing Corp's market cap?
On November 2, 2026, Legacy Housing Corp's market capitalisation was about $757M, with a price-to-earnings ratio of 14.8 and net debt of -$28.1M. Market figures come from third-party market data and may be delayed.
Who are Legacy Housing Corp's competitors?
In our Homebuilding peer group, the companies closest to Legacy Housing Corp are Smith Douglas Homes Corp., LGI Homes, Inc., Green Brick Partners, Inc., Cavco Industries, Inc. and Champion Homes, Inc. The side-by-side comparison below sets their revenue, margins and growth against Legacy Housing Corp's.
When is Legacy Housing Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Legacy Housing Corp announces its own schedule.