What is Legacy Housing's operating income?

Legacy Housing's total operating income in 2025 was $48.41 million, based on the following breakdown: Total Gross Profit: $79.74 million Total Operating Expenses: $31.33 million

Legacy Housing (LEGH) Financials

$26.38 0.00 (0.00%)

Closing price 07/2/2026 04:00 PM Eastern

Extended Trading

$26.46 +0.07 (+0.28%)

As of 07/2/2026 05:52 PM Eastern

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Annual Income Statements for Legacy Housing

This table shows Legacy Housing's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	29	38	50	68	54	62	42
Consolidated Net Income / (Loss)	29	38	50	68	54	62	42
Net Income / (Loss) Continuing Operations	29	38	50	68	54	62	42
Total Pre-Tax Income	38	49	61	82	69	76	52
Total Operating Income	38	48	59	78	65	64	48
Total Gross Profit	64	67	83	107	89	94	80
Total Revenue	169	177	198	257	189	184	165
Operating Revenue	169	177	198	257	189	184	165
Total Cost of Revenue	105	110	114	150	100	90	85
Operating Cost of Revenue	105	110	114	150	100	90	85
Total Operating Expenses	26	19	25	29	25	31	31
Selling, General & Admin Expense	25	19	23	28	24	22	30
Other Operating Expenses / (Income)	0.73	0.34	1.24	1.32	0.59	8.22	1.72
Total Other Income / (Expense), net	-0.25	1.23	1.71	4.13	4.15	12	3.16
Interest Expense	0.70	1.05	0.89	0.38	0.93	0.69	0.03
Interest & Investment Income	0.30	0.92	2.10	2.94	3.02	2.64	1.40
Other Income / (Expense), net	0.15	1.36	0.50	1.56	2.06	10	1.79
Income Tax Expense	8.75	11	11	14	14	14	9.76
Basic Earnings per Share	$1.18	$1.57	$2.06	$2.78	$2.23	$2.55	$1.74
Weighted Average Basic Shares Outstanding	24.38M	24.23M	24.20M	24.36M	24.39M	24.22M	23.98M
Diluted Earnings per Share	$1.18	$1.57	$2.05	$2.74	$2.17	$2.48	$1.74
Weighted Average Diluted Shares Outstanding	24.44M	24.24M	24.28M	24.74M	25.07M	24.85M	23.98M
Weighted Average Basic & Diluted Shares Outstanding	-	24.20M	24.41M	24.38M	24.40M	24.13M	23.81M

This table shows Legacy Housing's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	16	7.08	15	16	16	15	10	15	8.65	8.19	11
Consolidated Net Income / (Loss)	16	7.08	15	16	16	15	10	15	8.65	8.19	11
Net Income / (Loss) Continuing Operations	16	7.08	15	16	16	15	10	15	8.65	8.19	11
Total Pre-Tax Income	19	11	19	20	19	18	13	18	10	11	13
Total Operating Income	19	9.72	17	16	15	16	12	17	9.71	10	12
Total Gross Profit	25	18	23	21	23	29	18	24	17	21	19
Total Revenue	50	34	43	42	44	54	36	50	40	38	34
Operating Revenue	50	34	43	42	44	54	36	50	40	38	34
Total Cost of Revenue	25	16	20	22	21	25	17	26	24	18	15
Operating Cost of Revenue	25	16	20	22	21	25	17	26	24	18	15
Total Operating Expenses	6.10	7.79	6.03	4.91	7.58	14	6.89	7.40	7.23	10	7.04
Selling, General & Admin Expense	6.11	7.23	5.89	5.57	6.07	5.69	6.37	6.64	7.32	9.36	5.84
Other Operating Expenses / (Income)	-0.01	0.56	0.14	-0.67	1.51	8.29	0.52	0.77	-0.09	0.97	1.20
Total Other Income / (Expense), net	0.45	1.75	1.76	3.77	4.00	2.90	1.14	0.96	0.55	0.52	0.64
Interest Expense	0.30	0.34	0.28	0.24	0.18	0.00	0.01	0.03	-0.01	0.01	0.03
Interest & Investment Income	0.79	0.90	1.30	0.99	-0.02	0.36	0.47	0.50	0.29	0.15	0.36
Other Income / (Expense), net	-0.04	1.19	0.74	3.02	4.19	2.54	0.68	0.49	0.25	0.38	0.31
Income Tax Expense	3.38	4.39	3.37	3.61	3.52	3.89	2.45	3.08	1.61	2.61	2.10
Basic Earnings per Share	$0.66	$0.28	$0.62	$0.67	$0.65	$0.61	$0.43	$0.61	$0.36	$0.34	$0.46
Weighted Average Basic Shares Outstanding	24.39M	24.39M	24.39M	24.17M	24.15M	24.22M	24.13M	24.05M	23.87M	23.98M	23.81M
Diluted Earnings per Share	$0.64	$0.28	$0.60	$0.65	$0.64	$0.59	$0.41	$0.60	$0.35	$0.38	$0.46
Weighted Average Diluted Shares Outstanding	25.13M	25.07M	25.13M	24.78M	24.81M	24.85M	24.79M	24.60M	24.43M	23.98M	23.84M
Weighted Average Basic & Diluted Shares Outstanding	24.39M	24.40M	24.32M	24.32M	24.16M	24.13M	24.12M	23.87M	23.87M	23.81M	23.78M

This table details how cash moves in and out of Legacy Housing's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.88	-0.96	0.27	1.78	-2.07	0.40	7.33
Net Cash From Operating Activities	-4.19	-1.84	60	-1.69	-14	36	37
Net Cash From Continuing Operating Activities	-4.19	-1.84	60	-1.69	-13	36	37
Net Income / (Loss) Continuing Operations	29	38	50	68	54	62	42
Consolidated Net Income / (Loss)	29	38	50	68	54	62	42
Depreciation Expense	1.01	1.21	1.59	1.94	1.73	1.91	1.86
Amortization Expense	-	-0.64	0.81	-1.33	-1.22	-1.96	-1.36
Non-Cash Adjustments To Reconcile Net Income	-43	-49	23	-73	-63	-25	3.76
Changes in Operating Assets and Liabilities, net	8.85	8.71	-15	2.89	-5.01	-0.29	-8.91
Net Cash From Investing Activities	-15	-2.72	-32	9.08	-9.77	-6.71	-22
Net Cash From Continuing Investing Activities	-15	-2.72	-32	9.08	-9.77	-6.71	-22
Purchase of Property, Plant & Equipment	-4.21	-2.85	-5.95	-3.80	-7.71	-9.21	-9.00
Acquisitions	-	-	-	-	-	0.00	-19
Purchase of Investments	-0.36	-	0.00	-8.39	0.00	-0.22	-0.11
Sale of Property, Plant & Equipment	0.37	4.39	9.03	23	2.75	8.02	7.25
Other Investing Activities, net	-11	-4.26	-35	-2.23	-13	-5.31	-1.21
Net Cash From Financing Activities	18	3.60	-28	-5.61	21	-29	-7.75
Net Cash From Continuing Financing Activities	18	3.60	-28	-5.61	21	-29	-7.75
Repayment of Debt	-52	-69	-124	-106	-90	-70	-3.44
Repurchase of Common Equity	-3.57	-1.42	-	-	0.00	-5.40	-7.61
Issuance of Debt	66	74	96	101	111	46	3.31
Other Financing Activities, net	1.58	0.00	0.10	0.00	0.10	0.20	0.00
Cash Interest Paid	0.72	0.99	0.87	0.25	0.48	1.00	0.00
Cash Income Taxes Paid	9.31	6.73	8.20	-	19	15	6.45

This table details how cash moves in and out of Legacy Housing's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-0.99	0.20	-0.13	-0.56	0.51	0.58	2.27	-0.78	11	-5.07	5.63
Net Cash From Operating Activities	2.18	-8.25	11	3.46	14	7.89	4.91	6.06	7.15	19	6.95
Net Cash From Continuing Operating Activities	2.18	-8.18	11	3.46	14	7.89	4.91	6.06	7.15	19	6.97
Net Income / (Loss) Continuing Operations	16	7.08	15	16	16	15	10	15	8.65	8.19	11
Consolidated Net Income / (Loss)	16	7.08	15	16	16	15	10	15	8.65	8.19	11
Depreciation Expense	0.43	0.45	0.42	0.48	0.50	0.50	0.42	0.44	0.42	0.58	0.67
Amortization Expense	-0.38	-0.26	-0.73	-0.35	-0.56	-0.32	-0.34	-0.37	-0.34	-0.31	-0.32
Non-Cash Adjustments To Reconcile Net Income	-19	-10	-2.38	-8.22	-5.33	-9.38	0.77	-8.28	1.51	9.00	11
Changes in Operating Assets and Liabilities, net	5.21	-5.40	-1.65	-4.64	3.42	2.58	-6.21	-0.42	-3.08	1.56	-16
Net Cash From Investing Activities	-11	-2.21	2.72	-0.58	-3.65	-5.20	-1.97	-1.17	3.91	-23	-0.65
Net Cash From Continuing Investing Activities	-11	-2.21	2.72	-0.58	-3.65	-5.20	-1.97	-1.17	3.91	-23	-0.65
Purchase of Property, Plant & Equipment	-3.04	-3.14	-0.87	-1.74	-4.72	-1.89	-1.26	-2.38	-2.03	-3.33	-1.53
Sale of Property, Plant & Equipment	0.08	1.72	4.13	2.24	0.98	0.67	0.18	1.59	5.66	-0.19	1.22
Other Investing Activities, net	-8.54	-0.79	-0.54	-1.09	0.09	-3.77	-0.88	-0.39	0.28	-0.22	-0.34
Net Cash From Financing Activities	8.33	11	-14	-3.44	-9.67	-2.11	-0.68	-5.68	-0.14	-1.25	-0.66
Net Cash From Continuing Financing Activities	8.33	11	-14	-3.44	-9.67	-2.11	-0.68	-5.68	-0.14	-1.25	-0.66
Repayment of Debt	-34	-16	-25	-17	-25	-3.13	0.00	-2.40	-0.14	-0.90	-13
Repurchase of Common Equity	-	-	-1.87	-3.51	-0.02	-	-0.68	-5.82	0.00	-1.12	-0.57
Issuance of Debt	42	26	13	18	15	1.02	0.00	2.54	-	0.76	13
Cash Income Taxes Paid	0.12	8.35	0.00	9.18	3.01	2.81	0.01	5.11	2.76	-1.42	0.00

This table presents Legacy Housing's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	235	284	339	367	437	507	534	580
Total Current Assets	63	53	55	93	107	116	124	165
Cash & Equivalents	2.60	1.72	0.77	1.04	2.82	0.75	1.15	8.48
Note & Lease Receivable	13	17	20	36	25	32	45	77
Accounts Receivable	2.95	1.77	3.54	5.12	4.87	4.66	3.99	5.47
Inventories, net	42	27	27	42	32	41	38	40
Prepaid Expenses	2.94	4.86	3.23	4.46	4.06	4.92	4.50	1.08
Current Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.00	5.62
Other Current Assets	-	-	-	3.50	29	33	33	27
Plant, Property, & Equipment, net	17	21	23	28	30	38	48	60
Total Noncurrent Assets	155	210	261	247	300	353	362	355
Noncurrent Note & Lease Receivables	145	193	243	233	279	341	351	327
Goodwill	-	-	-	-	-	-	0.00	2.47
Intangible Assets	-	-	-	-	-	-	0.00	5.20
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	0.00	1.00
Other Noncurrent Operating Assets	9.99	16	18	13	21	12	11	19
Total Liabilities & Shareholders' Equity	235	284	339	367	437	507	534	580
Total Liabilities	46	61	79	57	55	70	40	52
Total Current Liabilities	20	52	36	42	41	37	33	47
Accounts Payable	2.83	5.17	10	4.16	4.55	4.09	5.09	6.44
Accrued Expenses	9.16	8.81	15	21	17	19	14	25
Customer Deposits	2.22	1.57	3.62	7.75	9.72	4.15	1.88	1.76
Other Current Liabilities	5.95	7.53	7.73	9.35	10	11	12	14
Total Noncurrent Liabilities	25	9.30	43	15	13	33	7.50	4.87
Long-Term Debt	17	2.00	36	7.99	2.55	24	0.00	1.20
Other Noncurrent Operating Liabilities	6.12	5.53	4.87	4.34	7.64	6.66	5.29	3.67
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	189	222	259	309	382	437	494	529
Total Preferred & Common Equity	189	222	259	309	382	437	494	529
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	189	222	259	309	382	437	494	529
Common Stock	168	175	175	176	181	181	182	183
Retained Earnings	22	50	88	138	206	260	321	363
Treasury Stock	0.00	-3.06	-4.48	-4.48	-4.48	-4.48	-9.88	-17

This table presents Legacy Housing's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	418	455	466	496	510	515	521	545	552	558	591
Total Current Assets	103	108	93	95	146	139	112	131	125	173	174
Cash & Equivalents	11	3.23	1.53	0.55	0.62	0.06	0.57	3.41	2.63	14	14
Note & Lease Receivable	25	25	24	29	68	66	42	44	41	81	79
Accounts Receivable	5.47	3.99	5.51	4.01	4.31	4.29	4.99	4.98	4.20	4.65	5.06
Inventories, net	49	33	34	35	34	31	29	41	41	40	50
Prepaid Expenses	4.21	3.73	4.24	5.00	5.31	5.43	3.85	4.71	4.13	3.97	1.43
Other Current Assets	8.60	30	24	21	34	33	32	32	32	30	25
Plant, Property, & Equipment, net	30	31	31	34	41	40	49	48	53	55	61
Total Noncurrent Assets	285	317	342	367	323	335	360	366	374	330	357
Noncurrent Note & Lease Receivables	263	295	315	337	304	310	334	354	361	315	328
Goodwill	-	-	-	-	-	-	-	-	-	-	2.47
Intangible Assets	-	-	-	-	-	-	-	-	-	-	4.96
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	1.12
Other Noncurrent Operating Assets	22	21	27	30	19	25	26	12	13	15	20
Total Liabilities & Shareholders' Equity	418	455	466	496	510	515	521	545	552	558	591
Total Liabilities	56	57	53	66	60	52	42	41	39	36	52
Total Current Liabilities	45	47	43	44	39	32	32	33	32	30	49
Accounts Payable	4.10	3.88	3.97	5.95	3.60	4.19	3.45	2.98	3.71	3.55	4.34
Accrued Expenses	18	18	16	21	20	13	13	15	12	11	19
Customer Deposits	12	7.35	8.27	5.88	4.11	2.23	2.49	2.29	2.37	1.43	11
Other Current Liabilities	11	9.92	11	12	11	12	13	13	14	14	14
Total Noncurrent Liabilities	11	10	9.50	22	21	20	9.76	7.53	7.53	6.25	3.95
Long-Term Debt	0.00	0.00	0.00	13	12	12	2.11	-	0.14	-	0.90
Capital Lease Obligations	2.36	1.96	-	-	1.27	-	1.04	0.82	-	0.57	0.76
Other Noncurrent Operating Liabilities	5.26	5.60	6.64	6.34	5.30	5.77	4.28	4.51	5.18	3.47	2.30
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	362	398	413	429	450	463	479	504	513	522	539
Total Preferred & Common Equity	362	398	413	429	450	463	479	504	513	522	539
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	362	398	413	429	450	463	479	504	513	522	539
Common Stock	180	181	181	181	182	182	182	183	183	183	183
Retained Earnings	186	222	237	253	275	291	307	332	346	355	374
Treasury Stock	-4.48	-4.48	-4.48	-4.48	-6.35	-9.85	-9.88	-11	-16	-16	-18

This table displays calculated financial ratios and metrics derived from Legacy Housing's official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	24,722,936.00	24,192,157.00	24,209,556.00	-	-	-	23,868,727.00
DEI Adjusted Shares Outstanding	24,722,936.00	24,192,157.00	24,209,556.00	-	-	-	23,868,727.00
DEI Earnings Per Adjusted Shares Outstanding	1.17	1.57	2.06	-	-	-	1.75
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	4.60%	11.76%	30.13%	-26.41%	-2.62%	-10.65%
EBITDA Growth	0.00%	26.99%	24.80%	29.70%	-16.24%	10.24%	-31.53%
EBIT Growth	0.00%	28.87%	21.36%	33.93%	-16.25%	11.17%	-32.25%
NOPAT Growth	0.00%	27.57%	30.84%	32.81%	-20.50%	0.77%	-23.89%
Net Income Growth	0.00%	31.73%	31.26%	35.90%	-19.64%	13.19%	-32.17%
EPS Growth	0.00%	33.05%	30.57%	33.66%	-20.80%	14.29%	-29.84%
Operating Cash Flow Growth	0.00%	56.17%	3,380.52%	-102.80%	-700.47%	365.91%	3.22%
Free Cash Flow Firm Growth	0.00%	0.00%	542.98%	-72.71%	-581.03%	152.54%	-41.83%
Invested Capital Growth	0.00%	17.12%	7.38%	18.04%	23.10%	7.21%	5.79%
Revenue Q/Q Growth	0.00%	0.00%	1.96%	9.85%	-18.11%	12.51%	-8.83%
EBITDA Q/Q Growth	0.00%	4,310.95%	8.75%	3.98%	-12.79%	10.79%	-12.57%
EBIT Q/Q Growth	0.00%	0.00%	5.04%	9.82%	-15.58%	10.66%	-12.81%
NOPAT Q/Q Growth	0.00%	0.00%	5.18%	9.76%	-19.93%	13.68%	-10.02%
Net Income Q/Q Growth	0.00%	0.00%	6.50%	9.99%	-18.80%	13.71%	-13.13%
EPS Q/Q Growth	0.00%	0.00%	5.67%	10.93%	-19.93%	14.29%	-10.77%
Operating Cash Flow Q/Q Growth	0.00%	87.62%	7.30%	-115.91%	-74.32%	81.34%	42.80%
Free Cash Flow Firm Q/Q Growth	0.00%	90.11%	-21.05%	-13.16%	-41.88%	237.82%	-36.39%
Invested Capital Q/Q Growth	9.44%	1.29%	4.38%	5.69%	4.01%	2.27%	2.50%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	37.91%	37.91%	42.26%	41.59%	47.29%	51.10%	48.45%
EBITDA Margin	23.09%	28.03%	31.30%	31.20%	35.51%	40.19%	30.80%
Operating Margin	22.40%	26.93%	29.83%	30.36%	34.15%	34.53%	29.41%
EBIT Margin	22.49%	27.70%	30.08%	30.96%	35.24%	40.23%	30.50%
Profit (Net Income) Margin	17.07%	21.50%	25.25%	26.37%	28.79%	33.47%	25.41%
Tax Burden Percent	76.73%	77.82%	82.26%	82.50%	79.23%	81.07%	81.08%
Interest Burden Percent	98.94%	99.72%	102.03%	103.23%	103.13%	102.63%	102.73%
Effective Tax Rate	23.27%	22.18%	17.74%	17.50%	20.77%	18.93%	18.92%
Return on Invested Capital (ROIC)	11.54%	13.57%	15.87%	18.66%	12.29%	10.83%	7.74%
ROIC Less NNEP Spread (ROIC-NNEP)	10.89%	16.52%	22.51%	-374.34%	58.43%	103.33%	-53.05%
Return on Net Nonoperating Assets (RNNOA)	1.43%	2.21%	1.68%	0.94%	1.02%	2.42%	0.44%
Return on Equity (ROE)	12.97%	15.78%	17.54%	19.60%	13.30%	13.25%	8.18%
Cash Return on Invested Capital (CROIC)	0.00%	-2.21%	8.75%	2.11%	-8.42%	3.87%	2.11%
Operating Return on Assets (OROA)	14.65%	15.74%	16.85%	19.81%	14.13%	14.24%	9.01%
Return on Assets (ROA)	11.12%	12.21%	14.14%	16.87%	11.54%	11.84%	7.50%
Return on Common Equity (ROCE)	12.97%	15.78%	17.54%	19.60%	13.30%	13.25%	8.18%
Return on Equity Simple (ROE_SIMPLE)	12.97%	14.66%	16.12%	17.74%	12.47%	12.48%	0.00%
Net Operating Profit after Tax (NOPAT)	29	37	48	64	51	52	39
NOPAT Margin	17.19%	20.96%	24.54%	25.04%	27.05%	28.00%	23.85%
Net Nonoperating Expense Percent (NNEP)	0.66%	-2.95%	-6.65%	393.00%	-46.15%	-92.50%	60.79%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	11.11%	10.44%	7.41%
Cost of Revenue to Revenue	62.09%	62.09%	57.74%	58.41%	52.71%	48.90%	51.55%
SG&A Expenses to Revenue	15.08%	10.79%	11.80%	10.73%	12.84%	12.61%	17.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.51%	10.98%	12.43%	11.24%	13.15%	16.56%	19.04%
Earnings before Interest and Taxes (EBIT)	38	49	59	80	67	74	50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	50	62	80	67	74	51
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.85	1.41	2.07	1.21	1.41	1.21	0.88
Price to Tangible Book Value (P/TBV)	1.85	1.41	2.07	1.21	1.41	1.21	0.89
Price to Revenue (P/Rev)	2.43	2.07	3.24	1.80	3.25	3.24	2.83
Price to Earnings (P/E)	14.26	9.62	12.85	6.83	11.30	9.67	11.14
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	7.01%	10.39%	7.78%	14.65%	8.85%	10.34%	8.97%
Enterprise Value to Invested Capital (EV/IC)	1.75	1.36	2.05	1.22	1.39	1.21	0.88
Enterprise Value to Revenue (EV/Rev)	2.61	2.27	3.28	1.77	3.37	3.23	2.79
Enterprise Value to EBITDA (EV/EBITDA)	11.29	8.09	10.48	5.66	9.50	8.04	9.05
Enterprise Value to EBIT (EV/EBIT)	11.60	8.19	10.90	5.71	9.57	8.03	9.14
Enterprise Value to NOPAT (EV/NOPAT)	15.17	10.82	13.37	7.05	12.47	11.54	11.69
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	10.74	0.00	0.00	16.53	12.34
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	24.25	62.27	0.00	32.29	42.79
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.14	0.14	0.03	0.01	0.05	0.00	0.00
Long-Term Debt to Equity	0.01	0.14	0.03	0.01	0.05	0.00	0.00
Financial Leverage	0.13	0.13	0.07	0.00	0.02	0.02	-0.01
Leverage Ratio	1.26	1.29	1.24	1.16	1.15	1.12	1.09
Compound Leverage Factor	1.25	1.29	1.27	1.20	1.19	1.15	1.12
Debt to Total Capital	12.19%	12.25%	2.52%	0.66%	5.14%	0.00%	0.23%
Short-Term Debt to Total Capital	11.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.79%	12.25%	2.52%	0.66%	5.14%	0.00%	0.23%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.81%	87.75%	97.48%	99.34%	94.86%	100.00%	99.77%
Debt to EBITDA	0.79	0.73	0.13	0.03	0.35	0.00	0.02
Net Debt to EBITDA	0.75	0.71	0.11	-0.11	0.34	0.00	-0.14
Long-Term Debt to EBITDA	0.05	0.73	0.13	0.03	0.35	0.00	0.02
Debt to NOPAT	1.06	0.98	0.16	0.04	0.46	0.00	0.03
Net Debt to NOPAT	1.00	0.96	0.14	-0.13	0.45	0.00	-0.19
Long-Term Debt to NOPAT	0.07	0.98	0.16	0.04	0.46	0.00	0.03
Altman Z-Score	5.32	4.19	8.48	7.11	6.98	10.74	7.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	1.02	1.50	2.21	2.58	3.10	3.80	3.51
Quick Ratio	0.40	0.66	1.02	1.00	1.00	1.52	1.95
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-6.03	27	7.29	-35	18	11
Operating Cash Flow to CapEx	-109.36%	0.00%	0.00%	0.00%	-272.46%	3,024.62%	2,115.72%
Free Cash Flow to Firm to Interest Expense	0.00	-5.73	30.12	19.44	-37.72	26.74	382.81
Operating Cash Flow to Interest Expense	-5.97	-1.75	67.98	-4.51	-14.55	52.24	1,326.86
Operating Cash Flow Less CapEx to Interest Expense	-11.43	-0.28	71.44	48.01	-19.90	50.51	1,264.14
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.65	0.57	0.56	0.64	0.40	0.35	0.30
Accounts Receivable Turnover	71.59	66.65	45.65	51.45	39.70	42.63	34.82
Inventory Turnover	3.03	4.03	3.30	4.05	2.73	2.29	2.19
Fixed Asset Turnover	8.85	8.10	7.88	8.92	5.56	4.31	3.05
Accounts Payable Turnover	26.24	14.28	15.89	34.49	23.08	19.62	14.71
Days Sales Outstanding (DSO)	5.10	5.48	8.00	7.09	9.19	8.56	10.48
Days Inventory Outstanding (DIO)	120.49	90.57	110.77	90.06	133.72	159.07	166.50
Days Payable Outstanding (DPO)	13.91	25.56	22.97	10.58	15.81	18.60	24.81
Cash Conversion Cycle (CCC)	111.68	70.49	95.80	86.57	127.10	149.03	152.17
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	252	295	316	373	460	493	521
Invested Capital Turnover	0.67	0.65	0.65	0.75	0.45	0.39	0.32
Increase / (Decrease) in Invested Capital	0.00	43	22	57	86	33	29
Enterprise Value (EV)	441	401	648	454	638	595	459
Market Capitalization	411	366	641	463	615	596	466
Book Value per Share	$9.00	$10.71	$12.78	$15.66	$17.91	$20.45	$22.15
Tangible Book Value per Share	$9.00	$10.71	$12.78	$15.66	$17.91	$20.45	$21.83
Total Capital	253	295	317	385	460	494	530
Total Debt	31	36	7.99	2.55	24	0.00	1.20
Total Long-Term Debt	2.00	36	7.99	2.55	24	0.00	1.20
Net Debt	29	35	6.95	-8.69	23	-1.15	-7.28
Capital Expenditures (CapEx)	3.83	-1.54	-3.07	-20	4.97	1.19	1.76
Debt-free, Cash-free Net Working Capital (DFCFNWC)	28	17	50	54	78	90	109
Debt-free Net Working Capital (DFNWC)	30	18	51	66	78	92	118
Net Working Capital (NWC)	1.03	18	51	66	78	92	118
Net Nonoperating Expense (NNE)	0.19	-0.95	-1.41	-3.41	-3.29	-10	-2.56
Net Nonoperating Obligations (NNO)	29	35	6.95	-8.69	23	-1.15	-7.28
Total Depreciation and Amortization (D&A)	1.01	0.58	2.40	0.60	0.51	-0.06	0.49
Debt-free, Cash-free Net Working Capital to Revenue	16.67%	9.88%	25.09%	21.16%	41.02%	49.09%	66.43%
Debt-free Net Working Capital to Revenue	17.69%	10.31%	25.62%	25.53%	41.42%	49.71%	71.58%
Net Working Capital to Revenue	0.61%	10.31%	25.62%	25.53%	41.42%	49.71%	71.58%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.57	$2.06	$2.78	$2.23	$2.55	$1.74
Adjusted Weighted Average Basic Shares Outstanding	0.00	24.23M	24.20M	24.36M	24.39M	24.22M	23.98M
Adjusted Diluted Earnings per Share	$0.00	$1.57	$2.05	$2.74	$2.17	$2.48	$1.74
Adjusted Weighted Average Diluted Shares Outstanding	0.00	24.24M	24.28M	24.74M	25.07M	24.85M	23.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	24.20M	24.41M	24.38M	24.40M	24.13M	23.81M
Normalized Net Operating Profit after Tax (NOPAT)	29	37	48	64	51	52	39
Normalized NOPAT Margin	17.19%	20.96%	24.54%	25.04%	27.05%	28.00%	23.85%
Pre Tax Income Margin	22.25%	27.63%	30.70%	31.96%	36.34%	41.28%	31.33%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	54.12	46.50	66.99	212.22	71.66	107.54	1,792.71
NOPAT to Interest Expense	41.36	35.18	54.64	171.64	55.02	74.84	1,401.70
EBIT Less CapEx to Interest Expense	48.66	47.96	70.45	264.74	66.32	105.81	1,730.00
NOPAT Less CapEx to Interest Expense	35.90	36.64	58.10	224.16	49.68	73.12	1,338.99
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	12.36%	3.73%	0.00%	0.00%	0.00%	8.76%	18.20%

This table displays calculated financial ratios and metrics derived from Legacy Housing's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	24,129,362.00	24,117,896.00	23,868,727.00	23,868,727.00	23,812,341.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	24,129,362.00	24,117,896.00	23,868,727.00	23,868,727.00	23,812,341.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.43	0.61	0.36	0.34	0.46
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-12.89%	-55.38%	-18.19%	-19.27%	-11.36%	60.73%	-17.51%	18.04%	-8.56%	-29.40%	-3.66%
EBITDA Growth	-3.73%	-47.03%	-10.73%	7.73%	2.28%	64.31%	-28.13%	-9.38%	-48.43%	-40.01%	5.62%
EBIT Growth	11.32%	-53.01%	-8.48%	7.85%	2.85%	65.47%	-29.86%	-9.13%	-48.97%	-40.89%	3.51%
NOPAT Growth	11.12%	-67.60%	-9.62%	-9.78%	-20.25%	103.84%	-31.68%	6.05%	-34.70%	-36.18%	11.08%
Net Income Growth	9.18%	-64.05%	-6.98%	7.78%	-1.77%	105.06%	-32.13%	-9.23%	-45.30%	-43.54%	6.34%
EPS Growth	10.34%	-65.85%	-7.69%	8.33%	0.00%	110.71%	-31.67%	-7.69%	-45.31%	-35.59%	12.20%
Operating Cash Flow Growth	-54.07%	-232.61%	501.56%	172.47%	534.63%	195.65%	-54.58%	75.25%	-48.30%	141.09%	41.63%
Free Cash Flow Firm Growth	-101.96%	-108.11%	-15.29%	19.21%	62.46%	73.94%	45.49%	53.11%	32.11%	0.90%	48.17%
Invested Capital Growth	25.09%	23.10%	16.88%	14.09%	9.03%	7.21%	8.28%	7.43%	5.56%	5.79%	5.07%
Revenue Q/Q Growth	-5.13%	-32.49%	28.26%	-1.73%	4.17%	22.41%	-34.17%	40.63%	-19.30%	-5.48%	-10.17%
EBITDA Q/Q Growth	6.91%	-41.69%	55.11%	11.58%	1.50%	-6.34%	-32.25%	40.69%	-42.24%	8.96%	19.28%
EBIT Q/Q Growth	7.46%	-42.54%	60.37%	8.91%	2.48%	-7.55%	-32.02%	41.09%	-42.45%	7.09%	19.04%
NOPAT Q/Q Growth	8.14%	-61.83%	128.40%	-4.30%	-4.41%	-2.44%	-23.45%	48.56%	-41.14%	-4.65%	33.23%
Net Income Q/Q Growth	7.11%	-56.02%	113.96%	6.93%	-2.38%	-8.18%	-29.18%	43.00%	-41.17%	-5.23%	33.38%
EPS Q/Q Growth	6.67%	-56.25%	114.29%	8.33%	-1.54%	-7.81%	-30.51%	46.34%	-41.67%	8.57%	21.05%
Operating Cash Flow Q/Q Growth	145.67%	-478.53%	230.95%	-67.99%	299.97%	-42.95%	-37.82%	23.51%	18.00%	166.03%	-63.47%
Free Cash Flow Firm Q/Q Growth	-29.27%	-10.06%	33.80%	14.23%	39.93%	23.60%	-38.47%	26.22%	13.03%	-11.52%	27.58%
Invested Capital Q/Q Growth	6.15%	4.01%	0.68%	2.64%	1.44%	2.27%	1.69%	1.83%	-0.33%	2.50%	1.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.30%	51.94%	52.67%	49.27%	47.25%	54.43%	51.80%	48.28%	41.84%	53.90%	56.54%
EBITDA Margin	38.10%	32.90%	39.73%	45.11%	43.96%	33.63%	34.62%	34.63%	24.79%	28.58%	37.95%
Operating Margin	38.08%	28.83%	38.73%	37.72%	34.62%	28.62%	32.50%	33.53%	23.99%	26.90%	36.05%
EBIT Margin	38.00%	32.34%	40.44%	44.82%	44.09%	33.30%	34.39%	34.50%	24.60%	27.88%	36.94%
Profit (Net Income) Margin	32.22%	20.99%	35.01%	38.10%	35.70%	26.78%	28.81%	29.30%	21.36%	21.42%	31.80%
Tax Burden Percent	82.64%	61.71%	81.78%	81.78%	81.77%	78.84%	80.74%	82.67%	84.28%	75.83%	83.91%
Interest Burden Percent	102.59%	105.16%	105.87%	103.94%	99.02%	102.00%	103.77%	102.72%	102.99%	101.31%	102.58%
Effective Tax Rate	17.36%	38.29%	18.22%	18.22%	18.23%	21.16%	19.26%	17.33%	15.72%	24.17%	16.09%
Return on Invested Capital (ROIC)	18.28%	8.08%	13.24%	11.72%	10.03%	8.73%	9.61%	10.37%	7.37%	6.62%	9.61%
ROIC Less NNEP Spread (ROIC-NNEP)	39.39%	23.22%	40.55%	52.91%	53.53%	29.70%	28.25%	27.39%	-1.51%	-2.65%	2.53%
Return on Net Nonoperating Assets (RNNOA)	0.18%	0.40%	0.50%	0.90%	0.89%	0.70%	0.29%	0.26%	0.02%	0.02%	-0.04%
Return on Equity (ROE)	18.46%	8.48%	13.75%	12.63%	10.92%	9.42%	9.91%	10.63%	7.38%	6.64%	9.57%
Cash Return on Invested Capital (CROIC)	-6.22%	-8.42%	-3.98%	-2.30%	1.18%	3.87%	1.85%	2.58%	3.40%	2.11%	2.90%
Operating Return on Assets (OROA)	19.21%	12.97%	15.05%	15.48%	14.19%	11.78%	11.52%	11.92%	8.23%	8.23%	10.62%
Return on Assets (ROA)	16.29%	8.41%	13.03%	13.16%	11.49%	9.48%	9.65%	10.12%	7.14%	6.32%	9.14%
Return on Common Equity (ROCE)	18.46%	8.48%	13.75%	12.63%	10.92%	9.42%	9.91%	10.63%	7.38%	6.64%	9.57%
Return on Equity Simple (ROE_SIMPLE)	15.62%	0.00%	11.84%	11.76%	11.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	16	6.00	14	13	13	12	9.36	14	8.18	7.80	10
NOPAT Margin	31.47%	17.79%	31.68%	30.85%	28.31%	22.56%	26.24%	27.72%	20.22%	20.39%	30.25%
Net Nonoperating Expense Percent (NNEP)	-21.11%	-15.14%	-27.30%	-41.19%	-43.50%	-20.98%	-18.64%	-17.03%	8.88%	9.27%	7.08%
Return On Investment Capital (ROIC_SIMPLE)	-	1.30%	-	-	-	2.48%	1.85%	2.71%	1.57%	1.47%	1.92%
Cost of Revenue to Revenue	49.70%	48.06%	47.33%	50.73%	52.75%	45.57%	48.20%	51.72%	58.16%	46.10%	43.46%
SG&A Expenses to Revenue	12.23%	21.45%	13.62%	13.12%	13.70%	10.51%	17.86%	13.23%	18.07%	24.46%	16.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.22%	23.11%	13.94%	11.55%	12.63%	25.81%	19.31%	14.76%	17.85%	27.00%	20.49%
Earnings before Interest and Taxes (EBIT)	19	11	17	19	20	18	12	17	9.96	11	13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	11	17	19	19	18	12	17	10	11	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.10	1.41	1.17	1.20	1.39	1.21	1.21	1.07	1.26	0.88	0.90
Price to Tangible Book Value (P/TBV)	1.10	1.41	1.17	1.20	1.39	1.21	1.21	1.07	1.26	0.89	0.92
Price to Revenue (P/Rev)	2.05	3.25	2.93	3.29	4.06	3.24	3.45	2.97	3.64	2.83	2.98
Price to Earnings (P/E)	7.06	11.30	9.85	10.24	12.27	9.67	10.72	9.89	13.64	11.14	11.46
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	14.17%	8.85%	10.15%	9.77%	8.15%	10.34%	9.33%	10.12%	7.33%	8.97%	8.73%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.39	1.16	1.20	1.39	1.21	1.21	1.07	1.27	0.88	0.90
Enterprise Value to Revenue (EV/Rev)	2.10	3.37	2.99	3.36	4.08	3.23	3.43	2.95	3.57	2.79	2.90
Enterprise Value to EBITDA (EV/EBITDA)	6.31	9.50	8.27	8.58	9.99	8.04	8.76	8.07	11.10	9.05	9.23
Enterprise Value to EBIT (EV/EBIT)	6.15	9.57	8.27	8.58	9.97	8.03	8.80	8.10	11.18	9.14	9.36
Enterprise Value to NOPAT (EV/NOPAT)	7.60	12.47	10.81	11.77	14.72	11.54	12.83	11.33	14.76	11.69	11.77
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	69.53	33.64	16.53	20.13	16.64	24.74	12.34	12.09
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	122.40	32.29	67.93	42.75	38.20	42.79	31.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.03	0.05	0.03	0.03	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.03	0.05	0.03	0.03	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	0.02	0.01	0.02	0.02	0.02	0.01	0.01	-0.01	-0.01	-0.01
Leverage Ratio	1.15	1.15	1.14	1.12	1.12	1.12	1.11	1.09	1.08	1.09	1.09
Compound Leverage Factor	1.18	1.21	1.20	1.16	1.11	1.14	1.15	1.12	1.11	1.10	1.12
Debt to Total Capital	2.94%	5.14%	2.82%	2.50%	0.65%	0.00%	0.16%	0.03%	0.11%	0.23%	0.31%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	2.94%	5.14%	2.82%	2.50%	0.65%	0.00%	0.16%	0.03%	0.11%	0.23%	0.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	97.06%	94.86%	97.18%	97.50%	99.35%	100.00%	99.84%	99.97%	99.89%	99.77%	99.69%
Debt to EBITDA	0.17	0.35	0.20	0.18	0.05	0.00	0.01	0.00	0.01	0.02	0.03
Net Debt to EBITDA	0.16	0.34	0.19	0.18	0.04	0.00	-0.04	-0.04	-0.22	-0.14	-0.24
Long-Term Debt to EBITDA	0.17	0.35	0.20	0.18	0.05	0.00	0.01	0.00	0.01	0.02	0.03
Debt to NOPAT	0.20	0.46	0.26	0.25	0.07	0.00	0.02	0.00	0.01	0.03	0.04
Net Debt to NOPAT	0.20	0.45	0.25	0.24	0.06	0.00	-0.06	-0.05	-0.30	-0.19	-0.31
Long-Term Debt to NOPAT	0.20	0.46	0.26	0.25	0.07	0.00	0.02	0.00	0.01	0.03	0.04
Altman Z-Score	5.72	6.62	6.76	7.97	10.92	10.39	10.40	9.88	12.42	6.87	7.05
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.16	3.10	3.76	4.39	3.47	3.80	3.91	3.93	5.74	3.51	3.59
Quick Ratio	0.77	1.00	1.87	2.20	1.47	1.52	1.58	1.50	3.28	1.95	2.02
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-73	-80	-53	-46	-27	-21	-29	-21	-19	-21	-15
Operating Cash Flow to CapEx	73.82%	-579.49%	0.00%	0.00%	370.02%	649.63%	452.77%	773.21%	0.00%	540.75%	2,227.88%
Free Cash Flow to Firm to Interest Expense	-240.65	-235.34	-192.49	-193.91	-156.43	-6,971.61	-5,792.19	-736.85	0.00	-2,960.93	-536.10
Operating Cash Flow to Interest Expense	7.19	-24.20	39.15	14.72	79.06	2,631.00	981.60	209.03	0.00	2,718.43	248.25
Operating Cash Flow Less CapEx to Interest Expense	-2.55	-28.38	50.96	16.87	57.69	2,226.00	764.80	182.00	0.00	2,215.71	237.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.40	0.37	0.35	0.32	0.35	0.34	0.35	0.33	0.30	0.29
Accounts Receivable Turnover	48.71	39.70	43.27	34.57	36.39	42.63	38.00	43.45	37.48	34.82	32.51
Inventory Turnover	3.08	2.73	2.73	2.57	2.53	2.29	2.29	2.56	2.73	2.19	1.80
Fixed Asset Turnover	7.24	5.56	5.03	4.73	3.94	4.31	3.96	3.94	3.46	3.05	2.99
Accounts Payable Turnover	25.68	23.08	24.37	20.36	17.37	19.62	26.37	23.23	26.83	14.71	22.56
Days Sales Outstanding (DSO)	7.49	9.19	8.44	10.56	10.03	8.56	9.61	8.40	9.74	10.48	11.23
Days Inventory Outstanding (DIO)	118.68	133.72	133.63	142.25	144.47	159.07	159.07	142.34	133.76	166.50	202.86
Days Payable Outstanding (DPO)	14.21	15.81	14.98	17.93	21.02	18.60	13.84	15.72	13.60	24.81	16.18
Cash Conversion Cycle (CCC)	111.96	127.10	127.09	134.88	133.48	149.03	154.83	135.03	129.90	152.17	197.91
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	442	460	463	475	482	493	501	510	509	521	527
Invested Capital Turnover	0.58	0.45	0.42	0.38	0.35	0.39	0.37	0.37	0.36	0.32	0.32
Increase / (Decrease) in Invested Capital	89	86	67	59	40	33	38	35	27	29	25
Enterprise Value (EV)	486	638	538	570	668	595	606	544	644	459	474
Market Capitalization	473	615	525	558	665	596	609	547	657	466	486
Book Value per Share	$17.61	$17.91	$18.46	$19.05	$19.71	$20.45	$20.88	$21.26	$21.85	$22.15	$22.64
Tangible Book Value per Share	$17.61	$17.91	$18.46	$19.05	$19.71	$20.45	$20.88	$21.26	$21.85	$21.83	$22.32
Total Capital	442	460	463	475	482	494	505	513	522	530	541
Total Debt	13	24	13	12	3.15	0.00	0.82	0.14	0.57	1.20	1.65
Total Long-Term Debt	13	24	13	12	3.15	0.00	0.82	0.14	0.57	1.20	1.65
Net Debt	12	23	12	12	2.58	-1.15	-2.60	-2.49	-13	-7.28	-12
Capital Expenditures (CapEx)	2.95	1.42	-3.26	-0.51	3.74	1.22	1.08	0.78	-3.63	3.52	0.31
Debt-free, Cash-free Net Working Capital (DFCFNWC)	51	78	107	108	80	90	94	90	129	109	112
Debt-free Net Working Capital (DFNWC)	51	78	107	108	80	92	97	93	142	118	126
Net Working Capital (NWC)	51	78	107	108	80	92	97	93	142	118	126
Net Nonoperating Expense (NNE)	-0.38	-1.08	-1.44	-3.08	-3.27	-2.28	-0.92	-0.79	-0.46	-0.39	-0.53
Net Nonoperating Obligations (NNO)	12	23	12	12	2.58	-1.15	-2.60	-2.49	-13	-7.28	-12
Total Depreciation and Amortization (D&A)	0.05	0.19	-0.31	0.13	-0.06	0.18	0.08	0.07	0.08	0.27	0.35
Debt-free, Cash-free Net Working Capital to Revenue	21.91%	41.02%	59.47%	63.51%	48.59%	49.09%	53.10%	48.97%	71.44%	66.43%	68.39%
Debt-free Net Working Capital to Revenue	22.15%	41.42%	59.81%	63.54%	48.93%	49.71%	55.03%	50.40%	78.95%	71.58%	77.03%
Net Working Capital to Revenue	22.15%	41.42%	59.81%	63.54%	48.93%	49.71%	55.03%	50.40%	78.95%	71.58%	77.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.66	$0.28	$0.62	$0.67	$0.65	$0.61	$0.43	$0.61	$0.36	$0.34	$0.46
Adjusted Weighted Average Basic Shares Outstanding	24.39M	24.39M	24.39M	24.17M	24.15M	24.22M	24.13M	24.05M	23.87M	23.98M	23.81M
Adjusted Diluted Earnings per Share	$0.64	$0.28	$0.60	$0.65	$0.64	$0.59	$0.41	$0.60	$0.35	$0.38	$0.46
Adjusted Weighted Average Diluted Shares Outstanding	25.13M	25.07M	25.13M	24.78M	24.81M	24.85M	24.79M	24.60M	24.43M	23.98M	23.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.39M	24.40M	24.32M	24.32M	24.16M	24.13M	24.12M	23.87M	23.87M	23.81M	23.78M
Normalized Net Operating Profit after Tax (NOPAT)	16	6.00	14	13	13	12	9.36	14	8.18	7.80	10
Normalized NOPAT Margin	31.47%	17.79%	31.68%	30.85%	28.31%	22.56%	26.24%	27.72%	20.22%	20.39%	30.25%
Pre Tax Income Margin	38.99%	34.01%	42.81%	46.58%	43.66%	33.96%	35.68%	35.44%	25.34%	28.24%	37.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	62.63	31.98	63.36	81.04	111.53	6,014.33	2,453.20	596.76	0.00	1,523.57	453.43
NOPAT to Interest Expense	51.86	17.59	49.63	55.78	71.61	4,075.06	1,871.61	479.39	0.00	1,114.64	371.26
EBIT Less CapEx to Interest Expense	52.88	27.80	75.16	83.20	90.16	5,609.33	2,236.40	569.72	0.00	1,020.86	442.29
NOPAT Less CapEx to Interest Expense	42.11	13.41	61.44	57.94	50.24	3,670.06	1,654.81	452.35	0.00	611.93	360.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	8.76%	7.40%	11.78%	13.49%	18.20%	17.68%

Financials Breakdown Chart

Key Financial Trends

Legacy Housing (NASDAQ: LEGH) showed a solid start to 2026, with stronger profitability and a much healthier cash position than a year ago. In Q1 2026, revenue came in at $34.4 million, down from $38.3 million in Q4 2025 and $35.7 million in Q1 2025, but earnings held up well. Net income was $10.9 million, compared with $8.2 million in the prior quarter and $10.3 million in the same quarter last year.

Profitability remains a key strength. Gross margin improved to about 56.5% in Q1 2026 versus 54.2% in Q4 2025 and 51.8% in Q1 2025, helped by lower cost of revenue as a percentage of sales. Operating income also rose to $12.4 million, or 36.1% of revenue, which is better than the prior quarter and roughly in line with the company’s historically strong margins.

Cash flow was positive in Q1 2026. The company generated $7.0 million in operating cash flow and ended the quarter with $14.1 million in cash and equivalents, up from $13.6 million at the end of Q3 2025 and well above the very low cash balance seen in earlier periods. That suggests improved liquidity and more flexibility.

The balance sheet also looks manageable. Total liabilities were $52.5 million against $539.0 million of total equity, with only about $1.7 million of long-term debt and capital lease obligations combined on the Q1 2026 balance sheet. Legacy Housing continues to look lightly levered, which is a positive for a cyclical business.

Strong net income in Q1 2026: $10.9 million, up from $8.2 million in Q4 2025.
Operating margins remained high: operating income was 36.1% of revenue in Q1 2026.
Gross margin improved year over year: roughly 56.5% versus 51.8% in Q1 2025.
Operating cash flow was positive: $7.0 million in Q1 2026.
Cash balance improved materially: $14.1 million in Q1 2026 versus just $0.6 million in Q3 2024.
Debt remains very low: only about $1.7 million combined in long-term debt and capital lease obligations at Q1 2026.
Equity base is large: total equity reached $539.0 million.
Revenue softened sequentially: Q1 2026 revenue fell to $34.4 million from $38.3 million in Q4 2025.
Receivables remain a major asset: note and lease receivables dominate the balance sheet, so collections matter.
Investing and financing cash outflows continued: the quarter included debt repayment and share repurchases, which reduced cash despite positive operations.

Looking at the bigger picture, Legacy Housing’s trend is mixed but still constructive. Revenue has been volatile across the last four years, and the company has seen some quarters with sharp swings in cash flow due to financing activity and working-capital changes. However, the core business has consistently produced profits, and the recent balance sheet and cash flow trends suggest the company has stabilized better than during the weaker periods in 2022 and 2023.

For retail investors, the main takeaway is this: LEGH looks financially sturdy, with strong margins, low debt, and improving liquidity. The biggest watch item is whether revenue can reaccelerate while the company maintains its profitability and manages collections on its large receivable base.

07/05/26 02:28 AM ETAI Generated. May Contain Errors.

Legacy Housing Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Legacy Housing's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Legacy Housing's net income appears to be on an upward trend, with a most recent value of $41.81 million in 2025, rising from $28.84 million in 2019. The previous period was $61.64 million in 2024. Find out what analysts predict for Legacy Housing in the coming months.

Legacy Housing's total operating income in 2025 was $48.41 million, based on the following breakdown:

Total Gross Profit: $79.74 million
Total Operating Expenses: $31.33 million

Over the last 6 years, Legacy Housing's total revenue changed from $168.96 million in 2019 to $164.57 million in 2025, a change of -2.6%.

Legacy Housing's total liabilities were at $51.72 million at the end of 2025, a 28.5% increase from 2024, and a 13.0% increase since 2018.

In the past 7 years, Legacy Housing's cash and equivalents has ranged from $748 thousand in 2023 to $8.48 million in 2025, and is currently $8.48 million as of their latest financial filing in 2025.

Over the last 6 years, Legacy Housing's book value per share changed from 9.00 in 2019 to 22.15 in 2025, a change of 146.2%.

Related Companies

Financial statements for NASDAQ:LEGH last updated on 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Legacy Housing (LEGH) Financials

Financials Breakdown Chart

Key Financial Trends

Legacy Housing Financials - Frequently Asked Questions

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Legacy Housing (LEGH) Financials

Annual Income Statements for Legacy Housing

Quarterly Income Statements for Legacy Housing

Annual Cash Flow Statements for Legacy Housing

Quarterly Cash Flow Statements for Legacy Housing

Annual Balance Sheets for Legacy Housing

Quarterly Balance Sheets for Legacy Housing

Annual Metrics And Ratios for Legacy Housing

Quarterly Metrics And Ratios for Legacy Housing

Financials Breakdown Chart

Key Financial Trends

Legacy Housing Financials - Frequently Asked Questions

When does Legacy Housing's fiscal year end?

How has Legacy Housing's net income changed over the last 6 years?

What is Legacy Housing's operating income?

How has Legacy Housing's revenue changed over the last 6 years?

How much debt does Legacy Housing have?

How much cash does Legacy Housing have?

How has Legacy Housing's book value per share changed over the last 6 years?

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