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LGI Homes, Inc. (LGIH) stock

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NASDAQ: LGIH Nasdaq Homebuilding Next results ~November 3, 2026

D Fundamentals grade

LGI Homes, Inc. 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

Model estimate per share

~$160

Valuation models combined (2)

Base case. Range ~$150–$160. Weighted average of 2 models (residual income, justified price-to-book).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

LGI Homes, Inc. 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.

Value diary

Our note on each quarter LGI Homes files

Where LGI Homes stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.71bn, down 16.7% on a year earlier, a smaller fall than the 22.4% decline a quarter earlier. That puts it 13 of 14 for growth among the homebuilding companies we cover. Free-cash-flow margin rose to 7.7% from -8.6% a year earlier. Operating margin narrowed to 4.7% from 8.9%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. Our valuation models combined value is $139 a share, against a share price of $42.22.

Source: 10-Q filed August 4, 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 3, 2026 (estimated)

LGI Homes, Inc.'s trailing-twelve-month revenue fell 16.7% year on year, with a free-cash-flow margin of 7.7%. Where it stands out: change in growth rate of +5.7pp ranks 2 of 17 homebuilding companies we cover. Where it lags: revenue growth of -16.7% ranks 16 of 17 homebuilding companies we cover.

Current signal Revenue growth accelerating: TTM revenue growth rose to -16.7% (+5.7pp vs the prior quarter).

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

  • Shrinking share count. Diluted shares fell 1.2% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 16.7% over the last 12 months.
  • Margins narrowing. Operating margin is down 4.2 points on a year ago.
  • Volatile shares. Over the past year the shares showed annualised volatility of 60% and a beta of 1.4 against the S&P 500.
  • Gross margin slipping. Gross margin is down 3.8 points on a year ago.
  • Below peers: change in share count. Change in share count of -1.2% ranks 15 of 16 homebuilding companies we cover (median -4.8%).

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$1.16 against an average estimate of $1.16: beat by 0.0%
Revenue
$516m, up 5.7% on a year earlier
Share reaction
+9.6% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
home closings 4600 to 5400 (full year 2026); active selling communities 150 to 160 (full year 2026)
Next report
November 3, 2026; average EPS estimate $0.72

LGI Homes' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+6.9%
  • 1 week+12.5%
  • 1 month-1.5%
  • This year+10.4%
  • 1 year+16.2%
  • 5 years-65.8%
  • 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)
$1.7B
Operating margin
4.7%
Net margin
3.9%
EPS (TTM, diluted)
$2.85

Growth

Revenue growth
−16.7%
Change in growth rate
+5.7 pts
Share count change
−1.2%

Cash

Free cash flow (TTM)
$131M
FCF margin
7.7%
Stock pay % of revenue
0.4%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

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

  1. Agreement
  2. Results
  3. Guidance

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

LGI Homes, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value LGI Homes, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.86 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$40 ~$36–$46 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$160 ~$100–$240 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$150 ~$130–$190 Included
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$8.5 ~$8.5–$27 Left out: out of range vs price (0.18x)
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: earnings are positive: price-to-earnings is the better measure
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) 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. ~$160 ~$150–$160 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare LGI Homes, Inc. 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.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$24.33$28.73$75.03$45.22$70.65$105.85$154.48$92.60$133.16$89.40$42.96$47.42
Market value$529m$633m$1.8bn$1.1bn$1.8bn$2.7bn$3.8bn$2.2bn$3.1bn$2.1bn$999m$1.1bn
+ Net debt (− = net cash)$277m$360m$417m$617m$661m$511m$767m$1.1bn$1.2bn$1.4bn$1.6bn$1.6bn
Enterprise value$806m$993m$2.2bn$1.7bn$2.5bn$3.2bn$4.6bn$3.3bn$4.4bn$3.6bn$2.6bn$2.7bn
Multiples
Price / sales 0.8x0.8x1.4x0.7x1.0x1.1x1.3x1.0x1.3x1.0x0.6x0.6x
Price / earnings 10.0x8.4x15.8x7.2x10.1x8.3x9.0x6.7x15.8x10.8x13.8x16.6x
Price / free cash flow ———————————8.4x
EV / EBITDA 10.0x8.8x13.0x8.7x10.8x8.7x8.4x8.4x18.5x16.5x31.1x—

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

65 /100

Moderate moat

How hard LGI Homes's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 15 / 20

    Net income has been a median 9.5% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 24.4%, moving by 2.4 percentage points (standard deviation) across 10 years.

  • Durability 8 / 20

    Operating margin has been a median 13.1%; its worst year was 4.7%.

  • Discipline 19 / 20

    The diluted share count fell 8.2% 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 3, 2026, before the open. Analysts expect revenue of $437m and EPS of $0.72 (range $0.72 to $0.72) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.78 −17% $1.8bn +6%
Next $3.42 +23% $2.0bn +12%

Next year's EPS estimate has moved −13.2% in 90 days, across 1 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.16 $1.16 0.0%
Mar 2026 −$0.13 $0.24 +284.6%
Dec 2025 $0.91 $0.97 +6.2%
Sept 2025 $0.93 $0.85 −8.8%

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

Management guidance

Earnings release, August 4, 2026
  • Homebuilding gross margin as a percentage of homebuilding revenues full year 2026 19% to 21% GAAP Raised
    “Homebuilding gross margin as a percentage of homebuilding revenues between 19.0% and 21.0%, adjusted for estimated capitalized interest and estimated purchase accounting of approximately 3.5%, which results in adjusted homebuilding gross margin (non-GAAP) as a percentage of homebuilding revenues between 22.5% and 24.5%” source
  • Adjusted homebuilding gross margin as a percentage of homebuilding revenues full year 2026 22.5% to 24.5% Non-GAAP Raised
    “Homebuilding gross margin as a percentage of homebuilding revenues between 19.0% and 21.0%, adjusted for estimated capitalized interest and estimated purchase accounting of approximately 3.5%, which results in adjusted homebuilding gross margin (non-GAAP) as a percentage of homebuilding revenues between 22.5% and 24.5%” source
  • Home closings full year 2026 4,600 to 5,400 Maintained
    “Home closings between 4,600 and 5,400” source
  • Active selling communities full year 2026 150 to 160 Maintained
    “Active selling communities at the end of 2026 between 150 and 160” source
  • Average sales price per home closed full year 2026 $360,000 to $370,000 Raised
    “We are also raising the guidance for our full-year average sales price per home closed to between $360,000 and $370,000."” source
  • SG&A as a percentage of total revenues full year 2026 15% to 16% Maintained
    “SG&A as a percentage of total revenues between 15.0% and 16.0%” source
Show 1 more item
  • Effective tax rate full year 2026 about 26.5% Maintained
    “Effective tax rate of approximately 26.5%” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112
  3. Aug 2026112
  4. Jul 2026112

Counts of recommendations published by analysts covering LGI Homes, Inc., 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
22.4%
of tradable shares
Days to cover
10.6
at average volume
Short interest, 1 month
+5%
to September 30, 2026
Held by institutions
95%
of shares
Held by insiders
12.6%
of shares
Employees
1,056
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 +16.2%

$40.81 on October 31, 2025 to $47.42

ThenNowEffect
Revenue (last 12 months) $2.0bn $1.7bn −16.7%
Net margin 7.6% 3.9% −49.1%
P/E multiple 6.1x 16.6x +170.7%
Share count 23m 23m +1.2%

Biggest factor: p/e multiple.

Last 3 years −57.3%

$111.13 on November 3, 2023 to $47.42

ThenNowEffect
Revenue (last 12 months) $2.2bn $1.7bn −21.3%
Net margin 9.4% 3.9% −58.9%
P/E multiple 12.8x 16.6x +29.9%
Share count 24m 23m +1.5%

Biggest factor: net margin.

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
LGIH+46%−40%+44%−33%−52%+10%
Industry peers (median)+54%−28%+95%−3%−11%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
LGIH67%42%58%42%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
LGIH−26%−52%−39%−36%−57%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 81% from May 7, 2021 to March 20, 2026. Getting back needed a 436% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$34.24 – $65.84
From 52-week high
−28.0%
vs 50-day average
−2.0%
vs 200-day average
−5.5%
Volatility (1 year)
60%
Beta vs S&P 500
1.35

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
7 up, 5 down
typical move ±8.7%
After a week
7 up, 5 down
typical move ±8.8%
After a month
6 up, 6 down
typical move ±13.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +9.6% +1.6% +3.0% −4.7%
April 28, 2026 +5.8% −0.5% +0.9% +7.6%
February 17, 2026 −10.2% +0.7% −14.4% −37.1%
November 4, 2025 +19.4% −0.8% +15.5% +24.3%
August 5, 2025 +6.2% +0.3% +12.4% +19.8%
April 29, 2025 −7.8% +0.7% −10.2% −14.4%
February 25, 2025 −0.2% −0.4% −6.5% −8.2%
November 5, 2024 +6.2% +3.7% +1.4% +2.1%
July 30, 2024 +9.6% +1.1% −2.8% +2.4%
April 30, 2024 −6.9% −1.9% +2.3% −0.6%
February 20, 2024 −9.7% −0.5% −12.3% −10.4%
October 31, 2023 +12.6% +1.7% +24.4% +32.8%

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.

LGI Homes, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

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) LGI Homes, Inc.
$1.6B $1.8B $2B $2.2B $2.4B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.2B Revenue (TTM), FY23 Q4: $2.4B Revenue (TTM), FY24 Q1: $2.3B Revenue (TTM), FY24 Q2: $2.2B Revenue (TTM), FY24 Q3: $2.3B Revenue (TTM), FY24 Q4: $2.2B Revenue (TTM), FY25 Q1: $2.2B Revenue (TTM), FY25 Q2: $2B Revenue (TTM), FY25 Q3: $1.8B Revenue (TTM), FY25 Q4: $1.7B Revenue (TTM), FY26 Q1: $1.7B Revenue (TTM), FY26 Q2: $1.7B $1.7B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.2B
FY23 Q4 $2.4B
FY24 Q1 $2.3B
FY24 Q2 $2.2B
FY24 Q3 $2.3B
FY24 Q4 $2.2B
FY25 Q1 $2.2B
FY25 Q2 $2B
FY25 Q3 $1.8B
FY25 Q4 $1.7B
FY26 Q1 $1.7B
FY26 Q2 $1.7B
Revenue growth, TTM YoY LGI Homes, Inc.
-30% -20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -14.5% Revenue growth, TTM YoY, FY23 Q4: 2.3% Revenue growth, TTM YoY, FY24 Q1: 0.7% Revenue growth, TTM YoY, FY24 Q2: 2.4% Revenue growth, TTM YoY, FY24 Q3: 0.7% Revenue growth, TTM YoY, FY24 Q4: -6.6% Revenue growth, TTM YoY, FY25 Q1: -4.4% Revenue growth, TTM YoY, FY25 Q2: -7.7% Revenue growth, TTM YoY, FY25 Q3: -20.4% Revenue growth, TTM YoY, FY25 Q4: -22.4% Revenue growth, TTM YoY, FY26 Q1: -22.4% Revenue growth, TTM YoY, FY26 Q2: -16.7% -16.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -14.5%
FY23 Q4 2.3%
FY24 Q1 0.7%
FY24 Q2 2.4%
FY24 Q3 0.7%
FY24 Q4 -6.6%
FY25 Q1 -4.4%
FY25 Q2 -7.7%
FY25 Q3 -20.4%
FY25 Q4 -22.4%
FY26 Q1 -22.4%
FY26 Q2 -16.7%
Operating margin (TTM) LGI Homes, Inc.
4% 6% 8% 10% 12% FY23 Q2 FY24 Q1 FY24 Q4 FY26 Q1 Operating margin (TTM), FY23 Q2: 10.4% Operating margin (TTM), FY23 Q3: 9.6% Operating margin (TTM), FY23 Q4: 9.9% Operating margin (TTM), FY24 Q1: 10.0% Operating margin (TTM), FY24 Q2: 10.3% Operating margin (TTM), FY24 Q3: 10.0% Operating margin (TTM), FY24 Q4: 9.6% Operating margin (TTM), FY25 Q1: 8.9% Operating margin (TTM), FY25 Q2: 8.1% Operating margin (TTM), FY25 Q3: 6.0% Operating margin (TTM), FY25 Q4: 4.7% Operating margin (TTM), FY26 Q1: 4.7% 4.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q2 10.4%
FY23 Q3 9.6%
FY23 Q4 9.9%
FY24 Q1 10.0%
FY24 Q2 10.3%
FY24 Q3 10.0%
FY24 Q4 9.6%
FY25 Q1 8.9%
FY25 Q2 8.1%
FY25 Q3 6.0%
FY25 Q4 4.7%
FY26 Q1 4.7%
FCF margin (TTM) LGI Homes, Inc.
-20% -10% 0% 10% FY23 Q4 FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 FCF margin (TTM), FY23 Q4: -2.5% FCF margin (TTM), FY24 Q1: -10.5% FCF margin (TTM), FY24 Q2: -15.1% FCF margin (TTM), FY24 Q3: -10.5% FCF margin (TTM), FY24 Q4: -6.6% FCF margin (TTM), FY25 Q1: -8.0% FCF margin (TTM), FY25 Q2: -8.6% FCF margin (TTM), FY25 Q3: -9.5% FCF margin (TTM), FY25 Q4: -8.2% FCF margin (TTM), FY26 Q1: -4.1% FCF margin (TTM), FY26 Q2: 7.7% 7.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -2.5%
FY24 Q1 -10.5%
FY24 Q2 -15.1%
FY24 Q3 -10.5%
FY24 Q4 -6.6%
FY25 Q1 -8.0%
FY25 Q2 -8.6%
FY25 Q3 -9.5%
FY25 Q4 -8.2%
FY26 Q1 -4.1%
FY26 Q2 7.7%

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

Where the money goes

FY2025, from the 10-K

Each dollar LGI Homes 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 $1.7B
  2. Other income $18.7M · 1.1%
  3. Cost of revenue $1.4B · 79.3%
  4. Gross profit $354M · 20.7%
  5. Selling, general and admin $112M · 6.5%
  6. Other operating costs $162M · 9.5%
  7. Operating income $79.8M · 4.7%
  8. Income tax $25.9M · 1.5%
  9. Net income $72.6M · 4.3%

Shares of revenue. Source: LGI Homes'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 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 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 50 76 163 383 630 838 1,258 1,504 1,838 2,368 3,050 2,304 2,359 2,203 1,706 1,706
Gross profit — — — — — 222 320 380 436 603 818 647 542 533 354 331
EBITDA 5 10 17 43 81 113 171 201 228 365 549 392 236 215 84 —
Operating income 4 10 16 42 80 111 170 200 228 365 548 390 233 212 80 —
Net income 3 10 22 28 53 75 113 155 179 324 430 327 199 196 73 66
Diluted EPS — — — $1.33 $2.44 $3.41 $4.73 $6.24 $7.02 $12.76 $17.25 $13.76 $8.42 $8.30 $3.12 $2.85
Growth (year on year)
Revenue — +51.1% +113.6% +135.4% +64.4% +33.0% +50.1% +19.6% +22.2% +28.8% +28.8% −24.4% +2.3% −6.6% −22.6% −16.7%
EBITDA — +121.0% +66.2% +159.0% +86.5% +39.7% +51.6% +17.7% +13.6% +60.1% +50.2% −28.6% −39.8% −8.7% −60.9% —
Operating income — +120.8% +66.3% +158.6% +88.0% +39.9% +52.3% +17.9% +13.7% +60.3% +50.2% −28.8% −40.2% −9.0% −62.4% —
Net income — +189.7% +130.1% +26.4% +87.3% +42.0% +51.0% +37.1% +15.0% +81.3% +32.6% −24.0% −39.0% −1.6% −63.0% −57.6%
Diluted EPS — — — — +83.5% +39.8% +38.7% +31.9% +12.5% +81.8% +35.2% −20.2% −38.8% −1.4% −62.4% −57.1%
Margins
Gross margin — — — — — 26.4% 25.5% 25.3% 23.7% 25.5% 26.8% 28.1% 23.0% 24.2% 20.7% 19.4%
EBITDA margin 9.0% 13.2% 10.2% 11.3% 12.8% 13.4% 13.6% 13.3% 12.4% 15.4% 18.0% 17.0% 10.0% 9.8% 4.9% —
Operating margin 8.8% 12.9% 10.1% 11.1% 12.6% 13.3% 13.5% 13.3% 12.4% 15.4% 18.0% 16.9% 9.9% 9.6% 4.7% —
Net margin 6.6% 12.7% 13.7% 7.4% 8.4% 9.0% 9.0% 10.3% 9.7% 13.7% 14.1% 14.2% 8.4% 8.9% 4.3% 3.9%
Free-cash-flow margin — — — — — — — — — — — −16.1% −2.5% −6.6% −8.3% 7.7%
Cash flow
Cash from operations 10 −5 −54 −173 −89 −108 −68 −117 −42 202 22 −370 −57 −144 −140 133
Capital spending — — — — — — — — — — — 1 1 2 1 2
Free cash flow — — — — — — — — — — — −372 −58 −146 −141 131
Stock-based pay 0 0 0 1 2 3 4 6 8 14 14 9 9 10 6 6
Free cash flow after stock pay — — — — — — — — — — — −381 −67 −156 −147 125
Balance sheet
Cash 5 7 54 31 38 50 68 47 38 36 51 32 49 53 61 61
Total debt 0 15 36 224 315 410 485 664 700 547 817 1,128 1,270 1,502 1,678 1,678
Net debt (negative = net cash) −5 8 −19 193 277 360 417 617 661 511 767 1,096 1,221 1,449 1,616 1,617
Diluted shares — — — 21m 22m 22m 24m 25m 25m 25m 25m 24m 24m 24m 23m 23m
Returned to shareholders
Buybacks — — — 17 0 0 0 2 0 48 194 95 0 31 24 —
Total returned — — — 17 0 0 0 2 0 48 194 95 0 31 24 —

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

0 of 0 checks passed · June 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • 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 Interest not separately reported. Not assessable.

From LGI Homes, Inc.'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 Q1 TTM
Buybacks (TTM)
$20.6M
Returned to shareholders
-30%
of free cash flow
Buybacks, last 3 fiscal years
$54.6M
Diluted share count
−1.2%
year over year
Total shareholder yield
1.9%
dividends 0.0% + buybacks 1.9% of market value

Competitors: side by side with peers

Closest by revenue in homebuilding
Last 12 months unless stated LGIH GRBK CVCO SKY SDHC IBP Median
Revenue, last 12 months $1.7bn $1.9bn $2.4bn $2.7bn $1.0bn $3.0bn $3.8bn
Revenue growth, last 12 months −16.7% −7.1% 11.8% 4.5% −1.2% 0.3% −7.1%
Revenue growth, 3-year average −7.7% 3.1% 8.0% 4.4% — 2.4% −0.6%
Revenue growth, latest quarter 5.7% −8.8% 17.9% 1.3% 21.9% 2.3% −6.2%
Gross margin 19.4% 29.2% 22.7% 26.0% 19.5% 33.6% 21.1%
Operating margin 4.7% 9.6% 9.5% 8.7% — 12.4% 9.1%
Operating margin, 3-year average 7.9% 12.0% 9.7% 8.9% — 12.8% 12.0%
Net margin 3.9% 14.2% 7.7% 7.2% 0.6% 8.5% 7.2%
Cash from operations / revenue 7.8% 3.9% 12.7% 11.3% 3.7% 12.1% 7.8%
Free-cash-flow margin 7.7% 3.6% 9.7% 10.0% 3.4% 9.8% 7.7%
Free-cash-flow margin, 3-year average −5.3% 3.3% 8.7% 8.4% 0.9% 9.8% 5.8%
Stock pay / revenue 0.4% 0.5% 0.5% 0.8% 0.5% 0.7% 0.5%
Change in share count −1.2% −1.5% −3.5% −3.3% — −2.9% −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 -16.7% -7.1% 16 of 17
Change in growth rate Growth +5.7pp -0.6pp 2 of 17
Gross margin Profitability 19.4% 22.7% 10 of 11
Operating margin Profitability 4.7% 9.5% 7 of 8
Net margin Profitability 3.9% 7.2% 13 of 17
Free-cash-flow margin Cash generation 7.7% 7.7% 9 of 17
Stock pay as % of revenue Cash generation 0.4% 0.5% 4 of 17
Long-term debt as % of assets Balance sheet 42.2% 17.1% 6 of 8
Change in share count Balance sheet -1.2% -4.8% 15 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
Segments
Line of business Revenue Share YoY
Southeast Reportable $472M 27.7% ▼ 12.3%
Central Reportable $419M 24.6% ▼ 25.7%
West Reportable $387M 22.7% ▼ 18.1%
Florida Reportable $238M 13.9% ▼ 35.5%
Northwest Reportable $189M 11.1% ▼ 26.9%
Products and services
Line of business Revenue Share YoY
Retail $1.5B 86.5% ▼ 27.6%
Wholesale $230M 13.5% ▲ 40.4%

From LGI Homes, Inc.'s 10-K filed February 20, 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
$1.4B
Institutions reporting
250
Shares held vs prior quarter
▲ 2.6%
Positions opened / closed
67 / 18

Top buyers and sellers, Q2 2026: 144 institutions bought and 88 sold ; the biggest buyer was Citadel Advisors LLC (+555K shares) and the biggest seller Marshall Wace, LLP (−408K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $227M 3.6M 16.8% ▲ 3.6%
Vanguard Portfolio Management LLC $82.4M 1.3M 6.1% ▲ 1.5%
State Street Corp $76.9M 1.2M 5.7% ▼ 2.7%
Atlas Frm LLC $61.6M 967K 4.6% ▲ 51.1%
Vanguard Capital Management LLC $56.3M 883K 4.2% ▲ 1.7%
Disciplined Growth Investors Inc $51.9M 815K 3.8% ▲ 13.0%
River Road Asset Management, LLC $50.9M 799K 3.8% ▼ 4.6%
Cdam (UK) Ltd $46.2M 725K 3.4% ▼ 19.4%
Dimensional Fund Advisors LP $46.1M 723K 3.4% ▼ 33.2%
Altshuler Shaham Ltd $45.5M 714K 3.4% ▼ 34.3%
Goldman Sachs Group Inc $42.4M 666K 3.1% ▲ 1.3%
Citadel Advisors LLC $37M 581K 2.7% ▲ 2198.3%

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 LGI Homes, Inc.'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 → $2.6M 18 trades by 4 insiders · 0% under pre-set plans
Net ▼ $2.6M net selling
Insider Date Trade Shares Price Value
Garber Scott James General Counsel and Secretary March 9, 2026 Sell 961 $41.54 $39,920
Garber Scott James General Counsel and Secretary March 9, 2026 Sell 69 $42.55 $2,936
Garber Scott James General Counsel and Secretary March 9, 2026 Sell 323 $43.41 $14,021
Lipar Eric Thomas CEO and Chairman of the Board March 9, 2026 Sell 17,686 $41.54 $734,676
Lipar Eric Thomas CEO and Chairman of the Board March 9, 2026 Sell 1,274 $42.55 $54,209
Lipar Eric Thomas CEO and Chairman of the Board March 9, 2026 Sell 10,802 $41.54 $448,715
Lipar Eric Thomas CEO and Chairman of the Board March 9, 2026 Sell 1,878 $42.40 $79,627
Lipar Eric Thomas CEO and Chairman of the Board March 9, 2026 Sell 2,320 $43.40 $100,688
Lipar Eric Thomas CEO and Chairman of the Board March 9, 2026 Sell 5,938 $43.41 $257,769
Merdian Charles Michael CFO and Treasurer March 9, 2026 Sell 5,122 $41.54 $212,768
Merdian Charles Michael CFO and Treasurer March 9, 2026 Sell 369 $42.55 $15,701
Merdian Charles Michael CFO and Treasurer March 9, 2026 Sell 1,720 $43.41 $74,665

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.

Trades by members of Congress

All 10 trades and filings

In the last 12 months, 1 member of Congress disclosed 5 purchases and 2 sales of LGI Homes, Inc. shares.

  • Tim Moore(R-NC 14):Sale (full), $100,001 - $250,000, traded March 26, 2026, filed April 28, 2026
  • Tim Moore(R-NC 14):Purchase, $15,001 - $50,000, traded March 20, 2026, filed March 24, 2026
  • Tim Moore(R-NC 14):Purchase, $50,001 - $100,000, traded March 19, 2026, filed March 24, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • April 28, 2026
  • February 17, 2026
  • November 4, 2025
  • August 5, 2025
  • April 29, 2025

Recent SEC filings

Data status

When each part of this page on LGI Homes, Inc. 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.

LGI Homes, Inc. in brief

What does LGI Homes, Inc. do?
LGI Homes, Inc. is a US-listed company in the homebuilding industry. Its financial year ends in December.
What is LGI Homes, Inc.'s stock ticker?
LGI Homes, Inc. trades under the ticker LGIH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is LGI Homes, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, LGI Homes, Inc. reported revenue of $1.7B, 16.7% lower than a year earlier, according to its SEC filings.
What is LGI Homes, Inc.'s free cash flow?
LGI Homes, Inc.'s free-cash-flow margin is 7.7% of revenue over the trailing twelve months, ranking 9 of the 17 homebuilding companies we cover.
Who are LGI Homes, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is LGI Homes, Inc. buying back stock, and does it pay a dividend?
LGI Homes, Inc. spent $20.6M on share repurchases over the trailing twelve months, and its diluted share count fell 1.2% over the year.
What is LGI Homes, Inc.'s market cap?
On November 2, 2026, LGI Homes, Inc.'s market capitalisation was about $1.1B, with a price-to-earnings ratio of 16.6 and net debt of $1.6B. Market figures come from third-party market data and may be delayed.
Who are LGI Homes, Inc.'s competitors?
In our Homebuilding peer group, the companies closest to LGI Homes, Inc. are Green Brick Partners, Inc., Cavco Industries, Inc., Champion Homes, Inc., Smith Douglas Homes Corp. and Installed Building Products, Inc. The side-by-side comparison below sets their revenue, margins and growth against LGI Homes, Inc.'s.
Are insiders buying or selling LGI Homes, Inc. stock?
Over the last 12 months, LGI Homes, Inc.'s directors and officers reported 0 open-market purchases and 18 sales on Form 4. The insider trading page charts every trade.
When is LGI Homes, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — LGI Homes, Inc. announces its own schedule.