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Legence Corp. (LGN) Stock Fundamental Analysis & AI Rating 2026

LGN Nasdaq Construction - Special Trade Contractors DE CIK: 0002052568
Recently Updated • Analysis: Apr 12, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
69% Confidence
AGREEMENT
SELL
72% Conf
HOLD
66% Conf

📊 LGN Key Takeaways

Revenue: $2.6B
Net Margin: -2.3%
Free Cash Flow: $218.9M
Current Ratio: 1.57x
Debt/Equity: 2.10x
EPS: $-0.57
AI Rating: SELL with 72% confidence
Legence Corp. (LGN) receives a SELL rating with 69% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.6B, net profit margin of -2.3%, and return on equity (ROE) of -15.2%, Legence Corp. demonstrates mixed fundamentals in the Industrial sector. Below is our complete LGN stock analysis for 2026.

Is Legence Corp. (LGN) a Good Investment?

Claude

While Legence demonstrates strong revenue growth of 21.5% and positive free cash flow of $218.9M, the company is fundamentally unprofitable with net losses of -$59.8M and negative shareholder returns (ROE: -15.2%). The combination of thin 2.4% operating margins, high leverage at 2.10x debt-to-equity, and inability to cover interest from operations creates significant financial risk that outweighs growth momentum.

ChatGPT

Legence delivers strong top-line growth and solid free cash flow despite reporting a GAAP net loss, indicating decent cash conversion from operations. Liquidity appears adequate, but profitability is thin and leverage is elevated with unclear interest coverage. Sustained margin expansion and clearer debt service capacity are needed to justify a more constructive view.

Why Buy Legence Corp. Stock? LGN Key Strengths

Claude
  • + Strong revenue growth of 21.5% year-over-year demonstrates market demand and competitive positioning
  • + Positive free cash flow of $218.9M with 8.6% FCF margin provides liquidity buffer and debt service capacity
  • + Adequate gross margins of 21% and solid liquidity position with 1.57x current ratio
ChatGPT
  • + Robust 21.5% YoY revenue growth
  • + Positive operating cash flow and 8.6% FCF margin
  • + Solid liquidity with 1.55–1.57x quick/current ratios

LGN Stock Risks: Legence Corp. Investment Risks

Claude
  • ! Negative net profitability of -$59.8M and net margin of -2.3% despite strong revenue growth indicates operational or cost control issues
  • ! High leverage at 2.10x debt-to-equity combined with negative earnings and inability to cover interest from operations creates solvency risk
  • ! Thin operating margins of 2.4% limit ability to absorb cost pressures or economic downturns in construction sector
ChatGPT
  • ! Sustained GAAP losses and thin 2.4% operating margin
  • ! High leverage (2.10x D/E) and unclear interest coverage
  • ! Uncertain conversion of growth into durable profitability

Key Metrics to Watch

Claude
  • * Path to profitability - when will operating income and net income turn positive
  • * Operating margin expansion - need to see margin improvement on revenue growth
  • * Debt reduction trajectory - must deleverage given negative earnings and $825.1M long-term debt burden
ChatGPT
  • * Operating margin
  • * Interest coverage

Legence Corp. (LGN) Financial Metrics & Key Ratios

Revenue
$2.6B
Net Income
$-59.8M
EPS (Diluted)
$-0.57
Free Cash Flow
$218.9M
Total Assets
$2.7B
Cash Position
$230.2M

💡 AI Analyst Insight

Legence Corp. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

LGN Profit Margin, ROE & Profitability Analysis

Gross Margin 21.0%
Operating Margin 2.4%
Net Margin -2.3%
ROE -15.2%
ROA -2.2%
FCF Margin 8.6%

LGN vs Industrial Sector: How Legence Corp. Compares

How Legence Corp. compares to Industrial sector averages

Net Margin
LGN -2.3%
vs
Sector Avg 10.0%
LGN Sector
ROE
LGN -15.2%
vs
Sector Avg 15.0%
LGN Sector
Current Ratio
LGN 1.6x
vs
Sector Avg 1.8x
LGN Sector
Debt/Equity
LGN 2.1x
vs
Sector Avg 0.7x
LGN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Legence Corp. Stock Overvalued? LGN Valuation Analysis 2026

Based on fundamental analysis, Legence Corp. shows some fundamental concerns relative to the Industrial sector in 2026.

Return on Equity
-15.2%
Sector avg: 15%
Net Profit Margin
-2.3%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
2.10x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Legence Corp. Balance Sheet: LGN Debt, Cash & Liquidity

Current Ratio
1.57x
Quick Ratio
1.55x
Debt/Equity
2.10x
Debt/Assets
70.6%
Interest Coverage
N/A
Long-term Debt
$825.1M

LGN Revenue & Earnings Growth: 5-Year Financial Trend

LGN 5-year financial data: Year 2025: Revenue $2.6B, Net Income -$46.0M, EPS $-0.57.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Legence Corp.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-0.57 indicates the company is currently unprofitable.

LGN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
8.6%
Free cash flow / Revenue

LGN Quarterly Earnings & Performance

Quarterly financial performance data for Legence Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $560.8M -$576.0K $-0.02

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Legence Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$256.9M
Cash generated from operations
Capital Expenditures
$37.9M
Investment in assets
Dividends
None
No dividend program

LGN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Legence Corp. (CIK: 0002052568)

📋 Recent SEC Filings

Date Form Document Action
Apr 9, 2026 4 xslF345X06/ownership.xml View →
Apr 9, 2026 4 xslF345X06/ownership.xml View →
Apr 6, 2026 S-1 d43269ds1.htm View →
Mar 30, 2026 10-K lgn-20251231.htm View →
Mar 27, 2026 8-K d64558d8k.htm View →

Frequently Asked Questions about LGN

What is the AI rating for LGN?

Legence Corp. (LGN) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (HOLD) with 69% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are LGN's key strengths?

Claude: Strong revenue growth of 21.5% year-over-year demonstrates market demand and competitive positioning. Positive free cash flow of $218.9M with 8.6% FCF margin provides liquidity buffer and debt service capacity. ChatGPT: Robust 21.5% YoY revenue growth. Positive operating cash flow and 8.6% FCF margin.

What are the risks of investing in LGN?

Claude: Negative net profitability of -$59.8M and net margin of -2.3% despite strong revenue growth indicates operational or cost control issues. High leverage at 2.10x debt-to-equity combined with negative earnings and inability to cover interest from operations creates solvency risk. ChatGPT: Sustained GAAP losses and thin 2.4% operating margin. High leverage (2.10x D/E) and unclear interest coverage.

What is LGN's revenue and growth?

Legence Corp. reported revenue of $2.6B.

Does LGN pay dividends?

Legence Corp. does not currently pay dividends.

Where can I find LGN SEC filings?

Official SEC filings for Legence Corp. (CIK: 0002052568) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is LGN's EPS?

Legence Corp. has a diluted EPS of $-0.57.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is LGN a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Legence Corp. has a SELL rating with 69% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is LGN stock overvalued or undervalued?

Valuation metrics for LGN: ROE of -15.2% (sector avg: 15%), net margin of -2.3% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy LGN stock in 2026?

Our dual AI analysis gives Legence Corp. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is LGN's free cash flow?

Legence Corp.'s operating cash flow is $256.9M, with capital expenditures of $37.9M. FCF margin is 8.6%.

How does LGN compare to other Industrial stocks?

Vs Industrial sector averages: Net margin -2.3% (avg: 10%), ROE -15.2% (avg: 15%), current ratio 1.57 (avg: 1.8).

Is Legence Corp. carrying too much debt?

LGN has a debt-to-equity ratio of 2.10x, which is above the Industrial sector average of 0.7x. However, the current ratio of 1.57 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 12, 2026 | Data as of: 2025-12-31 | Powered by Claude AI