LGI Homes (LGIH) Financials

$61.91 -0.63 (-1.01%)

Closing price 08/29/2025 04:00 PM Eastern

Extended Trading

$61.96 +0.05 (+0.07%)

As of 08/29/2025 07:42 PM Eastern

Annual Income Statements for LGI Homes

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	28	53	75	113	155	179	324	430	327	199	196
Consolidated Net Income / (Loss)	28	53	75	113	155	179	324	430	327	199	196
Net Income / (Loss) Continuing Operations	28	53	75	113	155	179	324	430	327	199	196
Total Pre-Tax Income	43	80	114	171	199	232	368	543	418	262	259
Total Operating Income	42	80	111	170	200	228	365	548	390	233	212
Total Gross Profit	103	167	222	320	380	436	603	818	647	542	533
Total Revenue	383	630	838	1,258	1,504	1,838	2,368	3,050	2,304	2,359	2,203
Operating Revenue	383	630	838	1,258	1,504	1,838	2,368	3,050	2,304	2,359	2,203
Total Cost of Revenue	280	463	617	938	1,124	1,402	1,765	2,232	1,658	1,816	1,669
Operating Cost of Revenue	280	463	617	938	1,124	1,402	1,765	2,232	1,658	1,816	1,669
Total Operating Expenses	60	87	110	151	180	209	238	270	256	309	321
Selling, General & Admin Expense	60	87	110	151	180	209	238	270	256	309	321
Total Other Income / (Expense), net	0.71	0.61	2.20	1.60	-1.01	4.29	3.14	-4.92	28	28	47
Other Income / (Expense), net	0.71	0.61	2.20	1.60	2.59	4.46	3.14	9.05	28	28	47
Income Tax Expense	15	27	39	58	44	53	44	113	92	63	63
Basic Earnings per Share	$1.37	$2.65	$3.61	$5.24	$6.89	$7.70	$12.89	$17.46	$13.90	$8.48	$8.33
Weighted Average Basic Shares Outstanding	20.67M	19.94M	20.80M	21.60M	22.55M	23.19M	25.14M	24.61M	23.49M	23.51M	23.53M
Diluted Earnings per Share	$1.33	$2.44	$3.41	$4.73	$6.24	$7.02	$12.76	$17.25	$13.76	$8.42	$8.30
Weighted Average Diluted Shares Outstanding	21.20M	21.74M	22.02M	23.93M	24.89M	25.43M	25.38M	24.91M	23.73M	23.65M	23.61M
Weighted Average Basic & Diluted Shares Outstanding	20.67M	19.94M	20.80M	21.60M	22.55M	23.19M	24.98M	23.92M	23.31M	23.58M	23.40M

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	34	27	53	67	52	17	59	70	51	3.99	32
Consolidated Net Income / (Loss)	34	27	53	67	52	17	59	70	51	3.99	32
Net Income / (Loss) Continuing Operations	34	27	53	67	52	17	59	70	51	3.99	32
Total Pre-Tax Income	47	32	71	89	69	23	77	92	67	5.72	42
Total Operating Income	41	26	65	82	60	19	68	80	46	0.17	40
Total Gross Profit	101	99	142	159	143	91	151	163	128	74	111
Total Revenue	488	487	645	618	608	391	602	652	557	351	483
Operating Revenue	488	487	645	618	608	391	602	652	557	351	483
Total Cost of Revenue	387	389	503	459	466	299	452	488	430	278	373
Operating Cost of Revenue	387	389	503	459	466	299	452	488	430	278	373
Total Operating Expenses	60	73	77	77	83	73	83	83	82	74	71
Selling, General & Admin Expense	60	73	77	77	83	73	83	83	82	74	71
Total Other Income / (Expense), net	6.05	6.30	6.32	7.17	8.71	4.36	9.36	12	21	5.56	2.43
Other Income / (Expense), net	6.05	6.30	6.32	7.17	8.71	4.36	9.36	12	21	5.56	2.43
Income Tax Expense	13	5.39	18	22	16	6.04	18	22	16	1.73	11
Basic Earnings per Share	$1.48	$1.15	$2.26	$2.85	$2.22	$0.72	$2.49	$2.96	$2.16	$0.17	$1.36
Weighted Average Basic Shares Outstanding	23.49M	23.38M	23.53M	23.55M	23.51M	23.58M	23.54M	23.50M	23.53M	23.40M	23.22M
Diluted Earnings per Share	$1.46	$1.14	$2.25	$2.84	$2.19	$0.72	$2.48	$2.95	$2.15	$0.17	$1.36
Weighted Average Diluted Shares Outstanding	23.73M	23.63M	23.61M	23.64M	23.65M	23.68M	23.60M	23.58M	23.61M	23.47M	23.27M
Weighted Average Basic & Diluted Shares Outstanding	23.31M	23.53M	23.55M	23.56M	23.58M	23.57M	23.50M	23.51M	23.40M	23.40M	23.06M

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-23	6.20	12	18	-21	-8.28	-2.40	15	-19	17	4.22
Net Cash From Operating Activities	-173	-89	-108	-68	-117	-42	202	22	-370	-57	-144
Net Cash From Continuing Operating Activities	-173	-89	-108	-68	-117	-42	202	22	-370	-57	-144
Net Income / (Loss) Continuing Operations	28	53	75	113	155	179	324	430	327	199	196
Consolidated Net Income / (Loss)	28	53	75	113	155	179	324	430	327	199	196
Depreciation Expense	0.83	0.88	1.09	0.79	0.71	0.64	0.71	1.15	1.58	2.41	3.11
Non-Cash Adjustments To Reconcile Net Income	-5.55	5.11	-0.39	-4.01	-9.32	16	14	30	15	3.96	-8.16
Changes in Operating Assets and Liabilities, net	-197	-148	-184	-179	-263	-237	-136	-439	-713	-263	-335
Net Cash From Investing Activities	-16	-1.12	-0.72	-0.52	-75	-1.79	-5.65	-70	-5.97	-14	16
Net Cash From Continuing Investing Activities	-16	-1.12	-0.72	-0.52	-75	-1.79	-5.65	-70	-5.97	-14	16
Purchase of Property, Plant & Equipment	-1.20	-1.12	-0.72	-0.52	-0.48	-0.73	-2.69	-1.73	-1.19	-1.44	-1.95
Acquisitions	-15	-	0.00	0.00	-74	-1.06	-2.96	-69	-5.02	-18	-7.87
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	-	0.00	0.00	25
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	0.24	5.68	0.00
Net Cash From Financing Activities	167	96	121	87	171	35	-199	63	358	88	132
Net Cash From Continuing Financing Activities	167	96	121	87	171	35	-199	63	358	88	132
Repayment of Debt	-49	-159	-49	-30	-443	-277	-532	-990	-312	-760	-766
Repurchase of Common Equity	-17	-	0.00	0.00	-1.51	0.00	-48	-194	-95	0.00	-31
Issuance of Debt	232	245	140	100	613	309	377	1,240	619	887	992
Issuance of Common Equity	0.00	9.59	29	17	2.69	2.89	4.26	7.11	5.62	5.26	4.83
Other Financing Activities, net	-0.24	0.05	0.14	-	-0.08	0.00	0.00	0.00	141	-45	-68

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

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Net Change in Cash & Equivalents	11	1.97	21	21	-27	27	2.08	9.83	-7.71	4.40	1.96
Net Cash From Operating Activities	-11	78	15	-116	-34	-99	-83	-18	57	-127	-86
Net Cash From Continuing Operating Activities	-11	78	15	-116	-34	-99	-83	-18	57	-127	-86
Net Income / (Loss) Continuing Operations	34	27	53	67	52	17	59	70	51	3.99	32
Consolidated Net Income / (Loss)	34	27	53	67	52	17	59	70	51	3.99	32
Depreciation Expense	0.44	0.48	0.51	0.79	0.63	0.67	0.78	0.83	0.83	0.86	1.01
Non-Cash Adjustments To Reconcile Net Income	7.51	1.89	3.31	-6.39	5.14	2.17	0.26	4.30	-15	12	4.52
Changes in Operating Assets and Liabilities, net	-53	48	-42	-177	-92	-119	-143	-92	20	-144	-123
Net Cash From Investing Activities	-3.86	-4.86	-1.99	-0.75	-6.05	2.02	-4.95	-3.71	22	-0.25	2.32
Net Cash From Continuing Investing Activities	-3.86	-4.86	-1.99	-0.75	-6.05	2.02	-4.95	-3.71	22	-0.25	2.32
Purchase of Property, Plant & Equipment	-0.13	-0.08	-0.20	-0.58	-0.60	-1.00	-0.28	-0.06	-0.61	-0.83	-0.05
Acquisitions	-3.73	-5.92	-3.80	-1.90	-6.27	0.00	-1.65	-3.65	-2.57	-1.50	-1.93
Sale and/or Maturity of Investments	-	1.14	2.01	1.72	0.81	0.00	-	-	-	2.08	4.31
Net Cash From Financing Activities	-5.90	-62	-13	120	42	97	91	31	-87	132	86
Net Cash From Continuing Financing Activities	26	-71	7.91	138	13	125	91	31	-87	132	86
Repayment of Debt	-200	-105	-105	-55	-495	-39	-60	-115	-552	-30	-104
Repurchase of Common Equity	-	0.00	-	-	-	-10	-8.00	-	-13	-3.05	-21
Issuance of Debt	84	33	112	191	551	172	177	159	485	172	218
Issuance of Common Equity	0.76	1.55	1.29	1.50	0.93	1.51	1.22	1.29	0.81	1.19	0.85
Other Financing Activities, net	141	0.00	-	-	-45	0.00	-19	-14	-7.58	-8.60	-8.90

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

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	438	619	815	1,080	1,395	1,666	1,826	2,352	3,125	3,408	3,759
Total Current Assets	407	586	784	1,031	1,318	1,594	1,721	108	57	90	82
Cash & Equivalents	31	38	50	68	47	38	36	51	32	49	53
Accounts Receivable	7.37	17	17	45	43	56	116	58	25	41	29
Plant, Property, & Equipment, net	1.61	2.11	1.96	1.67	1.43	1.63	3.62	17	33	46	57
Total Noncurrent Assets	30	30	28	47	76	70	101	2,226	3,035	3,272	3,620
Goodwill	12	12	12	12	12	12	12	12	12	12	12
Noncurrent Deferred & Refundable Income Taxes	-	-	0.00	1.93	2.79	4.62	6.99	6.20	6.19	8.16	9.27
Other Noncurrent Operating Assets	17	18	16	33	62	53	82	2,208	3,016	3,252	3,598
Total Liabilities & Shareholders' Equity	438	619	815	1,080	1,395	1,666	1,826	2,352	3,125	3,408	3,759
Total Liabilities	256	371	459	590	740	821	687	956	1,482	1,552	1,721
Total Current Liabilities	37	64	59	115	86	130	149	151	365	303	241
Accounts Payable	15	24	12	12	9.24	12	14	14	25	32	33
Accrued Expenses	21	40	46	103	77	118	135	137	340	272	207
Total Noncurrent Liabilities	219	307	401	475	654	691	538	805	1,117	1,248	1,481
Long-Term Debt	216	305	400	475	654	691	538	805	1,117	1,248	1,481
Commitments & Contingencies	0.00	-	-	-	-	-	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	182	247	355	490	656	845	1,139	1,396	1,642	1,856	2,037
Total Preferred & Common Equity	182	247	355	490	656	846	1,141	1,396	1,642	1,856	2,037
Total Common Equity	182	247	355	490	656	846	1,141	1,396	1,642	1,856	2,037
Common Stock	164	176	209	230	242	253	271	292	307	321	337
Retained Earnings	35	88	163	276	432	610	934	1,364	1,690	1,890	2,086
Treasury Stock	-17	-17	-17	-17	-18	-18	-66	-260	-355	-355	-386

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

Metric	Q2 2022	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	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
Total Assets	2,873	3,113	3,101	3,140	3,335	3,523	3,702	3,826	3,889	4,006
Total Current Assets	2,728	90	65	92	83	76	94	110	79	94
Cash & Equivalents	42	53	43	43	47	49	51	61	58	60
Accounts Receivable	52	37	22	48	36	27	43	49	22	35
Plant, Property, & Equipment, net	20	26	35	38	42	50	56	62	67	94
Total Noncurrent Assets	125	2,997	3,001	3,010	3,211	3,397	3,551	3,654	3,742	3,818
Goodwill	12	12	12	12	12	12	12	12	12	12
Noncurrent Deferred & Refundable Income Taxes	5.49	7.64	5.13	7.87	9.62	7.27	7.04	9.15	8.15	10
Other Noncurrent Operating Assets	108	2,977	2,984	2,990	3,189	3,378	3,532	3,633	3,722	3,796
Total Liabilities & Shareholders' Equity	2,873	3,113	3,101	3,140	3,335	3,523	3,702	3,826	3,889	4,006
Total Liabilities	1,359	1,506	1,427	1,409	1,532	1,654	1,778	1,829	1,846	1,949
Total Current Liabilities	204	276	381	355	342	270	277	282	222	208
Accounts Payable	40	55	40	59	67	46	67	53	52	46
Accrued Expenses	164	220	341	296	275	224	210	229	170	162
Total Noncurrent Liabilities	1,155	1,230	1,046	1,053	1,190	1,383	1,501	1,546	1,625	1,741
Long-Term Debt	1,155	1,230	1,046	1,053	1,190	1,383	1,501	1,546	1,625	1,741
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,514	1,607	1,674	1,731	1,803	1,869	1,924	1,997	2,043	2,057
Total Preferred & Common Equity	1,514	1,607	1,674	1,731	1,803	1,869	1,924	1,997	2,043	2,057
Total Common Equity	1,514	1,607	1,674	1,731	1,803	1,869	1,924	1,997	2,043	2,057
Common Stock	303	306	312	315	320	327	332	335	342	345
Retained Earnings	1,566	1,656	1,717	1,771	1,838	1,907	1,965	2,035	2,090	2,121
Treasury Stock	-355	-355	-355	-355	-355	-365	-373	-373	-389	-410

This table displays calculated financial ratios and metrics derived from LGI Homes' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	135.43%	64.44%	33.02%	50.06%	19.59%	22.19%	28.82%	28.81%	-24.45%	2.35%	-6.61%
EBITDA Growth	162.90%	84.86%	41.40%	50.04%	18.13%	14.37%	58.42%	51.37%	-24.77%	-37.06%	-0.81%
EBIT Growth	162.55%	86.36%	41.59%	50.79%	18.26%	14.46%	58.55%	51.35%	-24.90%	-37.40%	-1.09%
NOPAT Growth	77.66%	88.96%	40.33%	52.56%	39.05%	12.32%	83.19%	35.00%	-29.72%	-41.73%	-9.51%
Net Income Growth	29.78%	87.27%	42.02%	51.01%	37.05%	15.02%	81.34%	32.65%	-23.99%	-38.99%	-1.58%
EPS Growth	0.00%	83.46%	39.75%	38.71%	31.92%	12.50%	81.77%	35.19%	-20.23%	-38.81%	-1.43%
Operating Cash Flow Growth	-217.89%	48.53%	-21.34%	36.71%	-70.48%	64.07%	582.09%	-89.27%	-1,807.15%	84.62%	-152.32%
Free Cash Flow Firm Growth	-90.67%	51.08%	-24.79%	33.12%	-165.01%	71.81%	399.86%	-142.67%	-260.15%	44.72%	-65.33%
Invested Capital Growth	151.80%	40.07%	37.28%	27.09%	40.73%	18.55%	9.62%	31.02%	26.82%	12.02%	13.40%
Revenue Q/Q Growth	12.63%	12.16%	7.72%	15.43%	1.36%	10.89%	14.05%	-3.06%	-11.95%	5.37%	-2.26%
EBITDA Q/Q Growth	23.52%	18.03%	10.43%	13.19%	0.57%	14.04%	28.49%	-3.97%	-18.68%	9.03%	-0.48%
EBIT Q/Q Growth	23.15%	18.47%	10.56%	13.28%	0.58%	14.10%	28.54%	-3.99%	-18.76%	9.04%	-0.56%
NOPAT Q/Q Growth	12.28%	17.95%	11.01%	12.73%	4.47%	14.46%	28.62%	-5.67%	-20.84%	9.77%	-6.35%
Net Income Q/Q Growth	-5.34%	18.37%	11.06%	12.33%	4.73%	14.21%	28.36%	-5.52%	-19.12%	9.92%	-0.62%
EPS Q/Q Growth	34.34%	16.75%	10.71%	9.24%	5.05%	13.23%	28.37%	-4.54%	-18.29%	9.49%	-0.48%
Operating Cash Flow Q/Q Growth	-8.40%	-31.15%	17.90%	39.62%	-18.73%	64.72%	15.38%	-88.59%	15.60%	-69.68%	38.84%
Free Cash Flow Firm Q/Q Growth	0.00%	-4.36%	14.17%	36.04%	-10.27%	56.60%	13.48%	-184.47%	38.76%	-145,616.09%	31.84%
Invested Capital Q/Q Growth	22.27%	18.09%	10.41%	4.03%	5.07%	0.40%	3.56%	10.00%	-2.05%	3.71%	-0.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.82%	26.49%	26.44%	25.47%	25.25%	23.75%	25.47%	26.82%	28.06%	22.99%	24.21%
EBITDA Margin	11.46%	12.88%	13.69%	13.69%	13.52%	12.66%	15.56%	18.29%	18.21%	11.20%	11.90%
Operating Margin	11.06%	12.64%	13.30%	13.50%	13.30%	12.38%	15.40%	17.96%	16.93%	9.89%	9.63%
EBIT Margin	11.24%	12.74%	13.56%	13.63%	13.47%	12.62%	15.53%	18.25%	18.14%	11.10%	11.75%
Profit (Net Income) Margin	7.36%	8.38%	8.95%	9.01%	10.32%	9.72%	13.68%	14.09%	14.17%	8.45%	8.90%
Tax Burden Percent	65.49%	65.81%	66.01%	66.11%	77.99%	77.04%	88.05%	79.16%	78.10%	76.11%	75.73%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	98.22%	99.93%	100.00%	97.49%	100.00%	100.00%	100.00%
Effective Tax Rate	34.51%	34.19%	33.99%	33.89%	22.01%	22.96%	11.95%	20.84%	21.90%	23.89%	24.27%
Return on Invested Capital (ROIC)	10.82%	11.89%	12.06%	14.00%	14.45%	12.70%	20.46%	22.87%	12.49%	6.14%	4.93%
ROIC Less NNEP Spread (ROIC-NNEP)	11.37%	12.07%	12.53%	14.28%	14.29%	13.23%	20.94%	22.25%	14.87%	8.04%	7.62%
Return on Net Nonoperating Assets (RNNOA)	5.45%	12.68%	12.85%	12.82%	12.66%	11.10%	12.19%	11.03%	9.00%	5.25%	5.14%
Return on Equity (ROE)	16.27%	24.58%	24.90%	26.82%	27.11%	23.80%	32.65%	33.90%	21.50%	11.39%	10.07%
Cash Return on Invested Capital (CROIC)	-75.48%	-21.49%	-19.37%	-9.86%	-19.39%	-4.28%	11.28%	-3.99%	-11.16%	-5.20%	-7.63%
Operating Return on Assets (OROA)	13.07%	15.19%	15.86%	18.10%	16.38%	15.16%	21.07%	26.65%	15.27%	8.01%	7.23%
Return on Assets (ROA)	8.56%	10.00%	10.47%	11.96%	12.55%	11.67%	18.55%	20.57%	11.93%	6.10%	5.47%
Return on Common Equity (ROCE)	16.27%	24.58%	24.90%	26.82%	27.11%	23.81%	32.69%	33.92%	21.50%	11.39%	10.07%
Return on Equity Simple (ROE_SIMPLE)	15.46%	21.36%	21.12%	23.13%	23.67%	21.11%	28.39%	30.78%	19.88%	10.73%	9.62%
Net Operating Profit after Tax (NOPAT)	28	52	74	112	156	175	321	434	305	178	161
NOPAT Margin	7.24%	8.32%	8.78%	8.92%	10.37%	9.54%	13.56%	14.21%	13.22%	7.53%	7.29%
Net Nonoperating Expense Percent (NNEP)	-0.56%	-0.18%	-0.47%	-0.28%	0.16%	-0.53%	-0.48%	0.62%	-2.38%	-1.90%	-2.70%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	11.04%	5.72%	4.57%
Cost of Revenue to Revenue	73.18%	73.51%	73.56%	74.53%	74.75%	76.25%	74.53%	73.18%	71.94%	77.01%	75.79%
SG&A Expenses to Revenue	15.76%	13.85%	13.14%	11.97%	11.95%	11.37%	10.07%	8.86%	11.13%	13.10%	14.58%
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	15.76%	13.85%	13.14%	11.97%	11.95%	11.37%	10.07%	8.86%	11.13%	13.10%	14.58%
Earnings before Interest and Taxes (EBIT)	43	80	114	171	203	232	368	557	418	262	259
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	44	81	115	172	203	233	369	558	420	264	262
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.70	1.97	1.72	3.33	1.57	1.92	2.33	2.69	1.31	1.69	1.03
Price to Tangible Book Value (P/TBV)	1.82	2.07	1.78	3.41	1.60	1.94	2.35	2.71	1.32	1.70	1.04
Price to Revenue (P/Rev)	0.81	0.77	0.73	1.30	0.68	0.88	1.12	1.23	0.94	1.33	0.95
Price to Earnings (P/E)	10.98	9.21	8.15	14.39	6.62	9.08	8.20	8.73	6.60	15.75	10.72
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	9.11%	10.85%	12.27%	6.95%	15.12%	11.02%	12.19%	11.46%	15.14%	6.35%	9.33%
Enterprise Value to Invested Capital (EV/IC)	1.35	1.47	1.36	2.27	1.29	1.52	1.92	2.09	1.19	1.42	1.02
Enterprise Value to Revenue (EV/Rev)	1.29	1.20	1.15	1.62	1.09	1.24	1.33	1.48	1.41	1.84	1.60
Enterprise Value to EBITDA (EV/EBITDA)	11.26	9.29	8.39	11.84	8.04	9.77	8.57	8.07	7.72	16.42	13.47
Enterprise Value to EBIT (EV/EBIT)	11.48	9.39	8.47	11.89	8.06	9.80	8.59	8.09	7.75	16.57	13.63
Enterprise Value to NOPAT (EV/NOPAT)	17.82	14.38	13.08	18.16	10.47	12.97	9.84	10.39	10.64	24.43	21.97
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	15.63	207.58	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	17.84	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.18	1.23	1.13	0.97	1.00	0.82	0.47	0.58	0.68	0.67	0.73
Long-Term Debt to Equity	1.18	1.23	1.13	0.97	1.00	0.82	0.47	0.58	0.68	0.67	0.73
Financial Leverage	0.48	1.05	1.03	0.90	0.89	0.84	0.58	0.50	0.61	0.65	0.67
Leverage Ratio	1.90	2.46	2.38	2.24	2.16	2.04	1.76	1.65	1.80	1.87	1.84
Compound Leverage Factor	1.90	2.46	2.38	2.24	2.12	2.04	1.76	1.61	1.80	1.87	1.84
Debt to Total Capital	54.21%	55.18%	53.00%	49.24%	49.92%	44.97%	32.10%	36.58%	40.48%	40.21%	42.09%
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	54.21%	55.18%	53.00%	49.24%	49.92%	44.97%	32.10%	36.58%	40.48%	40.21%	42.09%
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	45.79%	44.82%	47.00%	50.76%	50.08%	55.10%	68.01%	63.42%	59.52%	59.79%	57.91%
Debt to EBITDA	4.92	3.75	3.49	2.76	3.21	2.97	1.46	1.44	2.66	4.73	5.65
Net Debt to EBITDA	4.21	3.29	3.06	2.37	2.98	2.80	1.36	1.35	2.59	4.54	5.45
Long-Term Debt to EBITDA	4.92	3.75	3.49	2.76	3.21	2.97	1.46	1.44	2.66	4.73	5.65
Debt to NOPAT	7.79	5.81	5.44	4.23	4.19	3.94	1.68	1.86	3.67	7.03	9.22
Net Debt to NOPAT	6.66	5.09	4.77	3.63	3.89	3.72	1.56	1.74	3.56	6.76	8.89
Long-Term Debt to NOPAT	7.79	5.81	5.44	4.23	4.19	3.94	1.68	1.86	3.67	7.03	9.22
Altman Z-Score	3.05	3.45	3.64	4.72	3.88	4.32	6.03	5.22	2.69	2.86	2.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-0.07%	-0.14%	-0.07%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	11.04	9.15	13.37	8.98	15.36	12.23	11.58	0.72	0.16	0.30	0.34
Quick Ratio	1.05	0.86	1.13	0.98	1.04	0.73	1.02	0.72	0.16	0.30	0.34
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-194	-95	-118	-79	-210	-59	177	-76	-272	-150	-249
Operating Cash Flow to CapEx	-14,494.90%	-7,981.74%	-14,983.80%	-13,217.57%	-24,573.26%	-5,713.08%	7,509.58%	1,255.06%	-31,209.01%	-3,947.89%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	-58.21	-349.43	0.00	-5.41	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	-32.43	-248.13	0.00	1.55	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	-32.56	-252.47	0.00	1.43	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.16	1.19	1.17	1.33	1.22	1.20	1.36	1.46	0.84	0.72	0.61
Accounts Receivable Turnover	60.04	51.05	48.77	40.74	34.37	37.05	27.48	35.09	55.49	70.98	62.90
Inventory Turnover	1.10	1.03	0.99	1.15	1.05	1.03	1.15	0.00	0.00	0.00	0.00
Fixed Asset Turnover	312.23	339.02	412.15	692.33	968.71	1,199.84	902.07	296.68	92.29	60.08	42.95
Accounts Payable Turnover	19.03	23.46	33.98	77.17	105.78	128.97	134.87	160.31	84.03	63.84	51.45
Days Sales Outstanding (DSO)	6.08	7.15	7.48	8.96	10.62	9.85	13.28	10.40	6.58	5.14	5.80
Days Inventory Outstanding (DIO)	331.77	354.18	369.59	318.58	348.48	355.17	317.37	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	19.18	15.56	10.74	4.73	3.45	2.83	2.71	2.28	4.34	5.72	7.09
Cash Conversion Cycle (CCC)	318.67	345.77	366.33	322.81	355.65	362.20	327.95	8.13	2.23	-0.57	-1.29
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	367	514	706	897	1,263	1,497	1,641	2,151	2,727	3,055	3,465
Invested Capital Turnover	1.49	1.43	1.37	1.57	1.39	1.33	1.51	1.61	0.94	0.82	0.68
Increase / (Decrease) in Invested Capital	221	147	192	191	366	234	144	509	577	328	409
Enterprise Value (EV)	495	754	962	2,039	1,634	2,274	3,159	4,504	3,242	4,337	3,530
Market Capitalization	310	487	611	1,631	1,027	1,621	2,657	3,750	2,157	3,138	2,102
Book Value per Share	$8.79	$12.36	$16.69	$22.53	$28.87	$36.87	$45.45	$57.51	$70.52	$78.77	$86.64
Tangible Book Value per Share	$8.19	$11.75	$16.13	$21.98	$28.35	$36.35	$44.97	$57.01	$70.00	$78.26	$86.13
Total Capital	399	552	756	965	1,310	1,536	1,677	2,201	2,759	3,104	3,518
Total Debt	216	305	400	475	654	691	538	805	1,117	1,248	1,481
Total Long-Term Debt	216	305	400	475	654	691	538	805	1,117	1,248	1,481
Net Debt	185	267	351	408	607	652	502	755	1,085	1,199	1,428
Capital Expenditures (CapEx)	1.20	1.12	0.72	0.52	0.48	0.73	2.69	1.73	1.19	1.44	-23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	338	485	676	849	1,185	1,426	1,537	-93	-340	-262	-212
Debt-free Net Working Capital (DFNWC)	370	522	726	916	1,232	1,464	1,573	-42	-308	-213	-159
Net Working Capital (NWC)	370	522	726	916	1,232	1,464	1,573	-42	-308	-213	-159
Net Nonoperating Expense (NNE)	-0.46	-0.40	-1.45	-1.06	0.79	-3.31	-2.76	3.90	-22	-22	-35
Net Nonoperating Obligations (NNO)	185	267	351	408	607	652	502	755	1,085	1,199	1,428
Total Depreciation and Amortization (D&A)	0.83	0.88	1.09	0.79	0.71	0.64	0.71	1.15	1.58	2.41	3.11
Debt-free, Cash-free Net Working Capital to Revenue	88.30%	76.88%	80.65%	67.47%	78.79%	77.56%	64.90%	-3.04%	-14.77%	-11.12%	-9.62%
Debt-free Net Working Capital to Revenue	96.49%	82.84%	86.55%	72.84%	81.89%	79.64%	66.42%	-1.39%	-13.38%	-9.04%	-7.20%
Net Working Capital to Revenue	96.49%	82.84%	86.55%	72.84%	81.89%	79.64%	66.42%	-1.39%	-13.38%	-9.04%	-7.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.37	$2.65	$3.61	$5.24	$6.89	$7.70	$12.89	$17.46	$13.90	$8.48	$8.33
Adjusted Weighted Average Basic Shares Outstanding	20.67M	19.94M	20.80M	21.60M	22.55M	23.19M	25.14M	24.61M	23.49M	23.51M	23.53M
Adjusted Diluted Earnings per Share	$1.33	$2.44	$3.41	$4.73	$6.24	$7.02	$12.76	$17.25	$13.76	$8.42	$8.30
Adjusted Weighted Average Diluted Shares Outstanding	21.20M	21.74M	22.02M	23.93M	24.89M	25.43M	25.38M	24.91M	23.73M	23.65M	23.61M
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	19.85M	20.27M	21.31M	22.33M	22.71M	25.36M	24.98M	23.92M	23.31M	23.58M	23.40M
Normalized Net Operating Profit after Tax (NOPAT)	28	52	74	112	156	175	321	434	305	178	161
Normalized NOPAT Margin	7.24%	8.32%	8.78%	8.92%	10.37%	9.54%	13.56%	14.21%	13.22%	7.53%	7.29%
Pre Tax Income Margin	11.24%	12.74%	13.56%	13.63%	13.23%	12.61%	15.53%	17.80%	18.14%	11.10%	11.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	56.32	1,372.79	0.00	39.84	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	43.37	1,037.28	0.00	31.02	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	56.19	1,368.44	0.00	39.71	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	43.23	1,032.93	0.00	30.90	0.00	0.00	0.00
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	58.67%	0.00%	0.00%	0.00%	0.97%	0.00%	14.84%	45.10%	29.12%	0.00%	15.80%

This table displays calculated financial ratios and metrics derived from LGI Homes' official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-39.05%	-10.75%	-10.76%	12.88%	24.61%	-19.80%	-6.63%	5.56%	-8.39%	-10.09%	-19.75%
EBITDA Growth	-67.09%	-67.14%	-55.99%	-17.29%	46.26%	-27.61%	7.99%	2.70%	-1.83%	-72.29%	-44.56%
EBIT Growth	-67.32%	-67.51%	-56.19%	-17.71%	46.30%	-28.61%	7.67%	2.69%	-2.14%	-75.21%	-45.32%
NOPAT Growth	-72.91%	-71.30%	-59.76%	-21.59%	53.05%	-36.29%	6.22%	-1.36%	-23.98%	-99.15%	-42.25%
Net Income Growth	-69.35%	-65.73%	-56.93%	-25.83%	52.69%	-36.75%	10.24%	3.78%	-2.34%	-76.58%	-46.16%
EPS Growth	-67.84%	-64.92%	-56.73%	-26.23%	50.00%	-36.84%	10.22%	3.87%	-1.83%	-76.39%	-45.16%
Operating Cash Flow Growth	86.27%	156.32%	112.14%	-20.01%	-214.64%	-228.21%	-648.01%	84.62%	266.24%	-27.80%	-3.45%
Free Cash Flow Firm Growth	-36.98%	60.39%	91.29%	86.68%	48.37%	-81.50%	-791.61%	-375.76%	-32.67%	20.78%	42.48%
Invested Capital Growth	26.82%	12.81%	4.33%	5.81%	12.02%	19.66%	23.10%	18.21%	13.40%	12.68%	10.80%
Revenue Q/Q Growth	-10.75%	-0.19%	32.40%	-4.30%	-1.48%	-35.76%	54.15%	8.19%	-14.49%	-36.95%	37.58%
EBITDA Q/Q Growth	-56.65%	-30.58%	119.05%	25.49%	-23.34%	-65.64%	226.76%	19.34%	-26.73%	-90.30%	553.82%
EBIT Q/Q Growth	-56.90%	-30.96%	120.75%	25.26%	-23.37%	-66.31%	232.91%	19.47%	-26.97%	-91.47%	634.45%
NOPAT Q/Q Growth	-62.22%	-26.92%	123.04%	27.33%	-26.26%	-69.58%	271.88%	18.25%	-43.17%	-99.66%	25,093.60%
Net Income Q/Q Growth	-62.26%	-20.97%	97.07%	26.18%	-22.30%	-67.26%	243.48%	18.78%	-26.88%	-92.15%	689.51%
EPS Q/Q Growth	-62.08%	-21.92%	97.37%	26.22%	-22.89%	-67.12%	244.44%	18.95%	-27.12%	-92.09%	700.00%
Operating Cash Flow Q/Q Growth	88.68%	811.99%	-80.37%	-858.19%	70.31%	-190.13%	16.08%	78.72%	420.92%	-323.04%	32.07%
Free Cash Flow Firm Q/Q Growth	27.11%	48.39%	76.90%	-53.25%	-182.58%	-81.42%	-13.49%	18.22%	21.20%	-8.32%	17.59%
Invested Capital Q/Q Growth	-2.05%	-1.84%	2.39%	7.48%	3.71%	4.85%	5.33%	3.21%	-0.51%	4.18%	3.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.69%	20.28%	22.00%	25.72%	23.44%	23.39%	25.04%	25.08%	22.88%	20.98%	22.88%
EBITDA Margin	9.69%	6.74%	11.14%	14.61%	11.37%	6.08%	12.89%	14.22%	12.18%	1.87%	8.90%
Operating Margin	8.36%	5.35%	10.09%	13.32%	9.84%	4.79%	11.21%	12.32%	8.18%	0.05%	8.19%
EBIT Margin	9.60%	6.64%	11.07%	14.48%	11.27%	5.91%	12.76%	14.09%	12.04%	1.63%	8.70%
Profit (Net Income) Margin	6.99%	5.53%	8.23%	10.86%	8.56%	4.36%	9.72%	10.67%	9.13%	1.14%	6.52%
Tax Burden Percent	72.81%	83.35%	74.41%	74.95%	75.99%	73.84%	76.18%	75.75%	75.83%	69.78%	75.01%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.19%	16.65%	25.59%	25.05%	24.01%	26.16%	23.82%	24.25%	24.17%	30.22%	24.99%
Return on Invested Capital (ROIC)	5.75%	3.96%	6.06%	7.80%	6.10%	2.72%	6.20%	6.54%	4.19%	0.02%	3.53%
ROIC Less NNEP Spread (ROIC-NNEP)	6.23%	4.50%	6.50%	8.26%	6.68%	3.00%	6.78%	7.21%	5.43%	0.29%	3.65%
Return on Net Nonoperating Assets (RNNOA)	3.77%	2.84%	4.26%	5.63%	4.36%	1.98%	4.56%	4.99%	3.66%	0.21%	2.87%
Return on Equity (ROE)	9.52%	6.80%	10.32%	13.43%	10.46%	4.70%	10.76%	11.53%	7.85%	0.24%	6.40%
Cash Return on Invested Capital (CROIC)	-11.16%	-2.10%	2.42%	0.00%	-5.20%	-12.14%	-15.07%	-11.35%	-7.63%	-7.62%	-6.73%
Operating Return on Assets (OROA)	8.08%	5.23%	7.98%	10.06%	8.14%	4.04%	8.28%	8.87%	7.40%	0.95%	4.61%
Return on Assets (ROA)	5.88%	4.36%	5.94%	7.54%	6.18%	2.98%	6.31%	6.72%	5.61%	0.66%	3.46%
Return on Common Equity (ROCE)	9.52%	6.80%	10.32%	13.43%	10.46%	4.70%	10.76%	11.53%	7.85%	0.24%	6.40%
Return on Equity Simple (ROE_SIMPLE)	0.00%	16.42%	11.82%	10.05%	0.00%	10.13%	10.12%	9.88%	0.00%	8.96%	0.00%
Net Operating Profit after Tax (NOPAT)	30	22	48	62	45	14	51	61	35	0.12	30
NOPAT Margin	6.09%	4.46%	7.51%	9.99%	7.47%	3.54%	8.54%	9.33%	6.20%	0.03%	6.14%
Net Nonoperating Expense Percent (NNEP)	-0.48%	-0.54%	-0.44%	-0.46%	-0.58%	-0.28%	-0.58%	-0.67%	-1.24%	-0.27%	-0.12%
Return On Investment Capital (ROIC_SIMPLE)	1.08%	-	-	-	1.46%	0.43%	-	-	0.98%	0.00%	0.78%
Cost of Revenue to Revenue	79.31%	79.72%	78.00%	74.28%	76.56%	76.61%	74.96%	74.92%	77.12%	79.02%	77.12%
SG&A Expenses to Revenue	12.34%	14.93%	11.91%	12.39%	13.61%	18.59%	13.84%	12.76%	14.70%	20.93%	14.69%
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	12.34%	14.93%	11.91%	12.39%	13.61%	18.59%	13.84%	12.76%	14.70%	20.93%	14.69%
Earnings before Interest and Taxes (EBIT)	47	32	71	89	69	23	77	92	67	5.72	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	33	72	90	69	24	78	93	68	6.59	43
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.31	1.59	1.83	1.30	1.69	1.47	1.10	1.39	1.03	0.76	0.59
Price to Tangible Book Value (P/TBV)	1.32	1.60	1.85	1.31	1.70	1.48	1.10	1.40	1.04	0.77	0.59
Price to Revenue (P/Rev)	0.94	1.18	1.46	1.05	1.33	1.21	0.95	1.24	0.95	0.72	0.59
Price to Earnings (P/E)	6.60	9.67	15.51	12.92	15.75	14.48	10.83	14.12	10.72	8.50	7.73
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	15.14%	10.34%	6.45%	7.74%	6.35%	6.90%	9.23%	7.08%	9.33%	11.77%	12.94%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.37	1.53	1.18	1.42	1.27	1.05	1.23	1.02	0.87	0.77
Enterprise Value to Revenue (EV/Rev)	1.41	1.63	1.93	1.56	1.84	1.80	1.60	1.90	1.60	1.44	1.41
Enterprise Value to EBITDA (EV/EBITDA)	7.72	10.38	16.02	14.39	16.42	15.98	13.65	16.22	13.47	12.75	13.73
Enterprise Value to EBIT (EV/EBIT)	7.75	10.43	16.14	14.52	16.57	16.14	13.80	16.40	13.63	12.93	13.97
Enterprise Value to NOPAT (EV/NOPAT)	10.64	14.58	23.41	21.55	24.43	24.06	20.64	24.90	21.97	21.29	23.09
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	64.31	33,720.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.62	0.61	0.66	0.67	0.74	0.78	0.77	0.73	0.80	0.85
Long-Term Debt to Equity	0.68	0.62	0.61	0.66	0.67	0.74	0.78	0.77	0.73	0.80	0.85
Financial Leverage	0.61	0.63	0.65	0.68	0.65	0.66	0.67	0.69	0.67	0.74	0.79
Leverage Ratio	1.80	1.84	1.85	1.89	1.87	1.87	1.87	1.88	1.84	1.89	1.94
Compound Leverage Factor	1.80	1.84	1.85	1.89	1.87	1.87	1.87	1.88	1.84	1.89	1.94
Debt to Total Capital	40.48%	38.45%	37.83%	39.77%	40.21%	42.53%	43.83%	43.64%	42.09%	44.30%	45.84%
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	40.48%	38.45%	37.83%	39.77%	40.21%	42.53%	43.83%	43.64%	42.09%	44.30%	45.84%
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	59.52%	61.55%	62.17%	60.23%	59.79%	57.47%	56.17%	56.36%	57.91%	55.70%	54.16%
Debt to EBITDA	2.66	2.97	4.03	4.91	4.73	5.42	5.76	5.87	5.65	6.64	8.28
Net Debt to EBITDA	2.59	2.84	3.87	4.72	4.54	5.23	5.56	5.64	5.45	6.40	8.00
Long-Term Debt to EBITDA	2.66	2.97	4.03	4.91	4.73	5.42	5.76	5.87	5.65	6.64	8.28
Debt to NOPAT	3.67	4.17	5.89	7.36	7.03	8.17	8.71	9.01	9.22	11.08	13.93
Net Debt to NOPAT	3.56	4.00	5.65	7.07	6.76	7.88	8.41	8.66	8.89	10.68	13.45
Long-Term Debt to NOPAT	3.67	4.17	5.89	7.36	7.03	8.17	8.71	9.01	9.22	11.08	13.93
Altman Z-Score	2.30	2.53	2.81	2.36	2.67	2.35	2.06	2.27	2.10	1.78	1.62
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	0.16	0.17	0.26	0.24	0.30	0.28	0.34	0.39	0.34	0.36	0.45
Quick Ratio	0.16	0.17	0.26	0.24	0.30	0.28	0.34	0.39	0.34	0.36	0.45
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-547	-282	-65	-100	-282	-512	-582	-476	-375	-406	-335
Operating Cash Flow to CapEx	-8,383.85%	102,105.26%	7,812.82%	-20,019.06%	-5,763.53%	0.00%	-29,817.86%	-27,756.25%	9,391.76%	-15,300.60%	-159,950.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.84	0.79	0.72	0.69	0.72	0.68	0.65	0.63	0.61	0.58	0.53
Accounts Receivable Turnover	55.49	63.84	43.24	61.24	70.98	92.29	48.57	53.23	62.90	88.52	52.54
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	92.29	82.12	74.63	65.91	60.08	53.20	47.15	43.39	42.95	36.90	27.23
Accounts Payable Turnover	84.03	53.59	33.57	28.37	63.84	40.13	26.57	28.28	51.45	33.62	27.82
Days Sales Outstanding (DSO)	6.58	5.72	8.44	5.96	5.14	3.95	7.51	6.86	5.80	4.12	6.95
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	4.34	6.81	10.87	12.87	5.72	9.10	13.74	12.91	7.09	10.86	13.12
Cash Conversion Cycle (CCC)	2.23	-1.09	-2.43	-6.91	-0.57	-5.14	-6.22	-6.05	-1.29	-6.73	-6.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,727	2,677	2,741	2,946	3,055	3,203	3,374	3,483	3,465	3,610	3,738
Invested Capital Turnover	0.94	0.89	0.81	0.78	0.82	0.77	0.73	0.70	0.68	0.64	0.57
Increase / (Decrease) in Invested Capital	577	304	114	162	328	526	633	536	409	406	364
Enterprise Value (EV)	3,242	3,660	4,184	3,486	4,337	4,076	3,559	4,271	3,530	3,122	2,887
Market Capitalization	2,157	2,658	3,174	2,343	3,138	2,742	2,109	2,785	2,102	1,555	1,206
Book Value per Share	$70.52	$71.84	$73.56	$76.56	$78.77	$79.28	$81.63	$84.98	$86.64	$87.30	$87.90
Tangible Book Value per Share	$70.00	$71.32	$73.05	$76.05	$78.26	$78.77	$81.12	$84.46	$86.13	$86.78	$87.38
Total Capital	2,759	2,720	2,784	2,993	3,104	3,252	3,425	3,543	3,518	3,667	3,798
Total Debt	1,117	1,046	1,053	1,190	1,248	1,383	1,501	1,546	1,481	1,625	1,741
Total Long-Term Debt	1,117	1,046	1,053	1,190	1,248	1,383	1,501	1,546	1,481	1,625	1,741
Net Debt	1,085	1,003	1,010	1,143	1,199	1,334	1,450	1,486	1,428	1,567	1,681
Capital Expenditures (CapEx)	0.13	0.08	0.20	0.58	0.60	-2.02	0.28	0.06	0.61	0.83	0.05
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-340	-359	-307	-306	-262	-243	-234	-233	-212	-200	-174
Debt-free Net Working Capital (DFNWC)	-308	-316	-264	-259	-213	-194	-182	-172	-159	-142	-114
Net Working Capital (NWC)	-308	-316	-264	-259	-213	-194	-182	-172	-159	-142	-114
Net Nonoperating Expense (NNE)	-4.40	-5.25	-4.70	-5.38	-6.62	-3.22	-7.13	-8.75	-16	-3.88	-1.82
Net Nonoperating Obligations (NNO)	1,085	1,003	1,010	1,143	1,199	1,334	1,450	1,486	1,428	1,567	1,681
Total Depreciation and Amortization (D&A)	0.44	0.48	0.51	0.79	0.63	0.67	0.78	0.83	0.83	0.86	1.01
Debt-free, Cash-free Net Working Capital to Revenue	-14.77%	-15.99%	-14.16%	-13.68%	-11.12%	-10.76%	-10.52%	-10.36%	-9.62%	-9.24%	-8.49%
Debt-free Net Working Capital to Revenue	-13.38%	-14.07%	-12.16%	-11.59%	-9.04%	-8.59%	-8.22%	-7.65%	-7.20%	-6.57%	-5.57%
Net Working Capital to Revenue	-13.38%	-14.07%	-12.16%	-11.59%	-9.04%	-8.59%	-8.22%	-7.65%	-7.20%	-6.57%	-5.57%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.48	$1.15	$2.26	$2.85	$2.22	$0.72	$2.49	$2.96	$2.16	$0.17	$1.36
Adjusted Weighted Average Basic Shares Outstanding	23.49M	23.38M	23.53M	23.55M	23.51M	23.58M	23.54M	23.50M	23.53M	23.40M	23.22M
Adjusted Diluted Earnings per Share	$1.46	$1.14	$2.25	$2.84	$2.19	$0.72	$2.48	$2.95	$2.15	$0.17	$1.36
Adjusted Weighted Average Diluted Shares Outstanding	23.73M	23.63M	23.61M	23.64M	23.65M	23.68M	23.60M	23.58M	23.61M	23.47M	23.27M
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	23.31M	23.53M	23.55M	23.56M	23.58M	23.57M	23.50M	23.51M	23.40M	23.40M	23.06M
Normalized Net Operating Profit after Tax (NOPAT)	30	22	48	62	45	14	51	61	35	0.12	30
Normalized NOPAT Margin	6.09%	4.46%	7.51%	9.99%	7.47%	3.54%	8.54%	9.33%	6.20%	0.03%	6.14%
Pre Tax Income Margin	9.60%	6.64%	11.07%	14.48%	11.27%	5.91%	12.76%	14.09%	12.04%	1.63%	8.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	29.12%	13.62%	0.00%	0.00%	0.00%	5.28%	9.24%	9.12%	15.80%	13.13%	23.47%

Key Financial Trends

LGI Homes (NASDAQ: LGIH) has demonstrated solid financial performance over the past several years through its quarterly results, reflecting consistent revenue growth and profitability with some fluctuations impacted by operating activities and financing trends.

Key Positives:

Operating revenue has shown sustained growth, increasing from $487.4 million in Q1 2023 to $483.5 million in Q2 2025, indicating strong demand and market presence.
Net income has generally trended upward, with Q2 2025 net income at $31.5 million compared to $17.1 million in Q1 2023, reflecting improved profitability.
Gross profit has consistently remained robust, supporting positive operating income margins, exemplified by $110.6 million in Q2 2025.
Other income/expense net figures have contributed positively to the bottom line, such as $2.43 million in Q2 2025, enhancing overall profitability.
Strong equity position with total common equity rising from approximately $1.67 billion in Q1 2023 to over $2.05 billion by Q2 2025, demonstrating financial strength and shareholder value.
Cash and equivalents have increased from $42.9 million in Q1 2023 to $59.6 million in Q2 2025, improving liquidity.
Issuance of debt has been used effectively to finance growth and acquisitions, with $218.2 million issued in Q2 2025 and strategic repayments of debt to manage leverage.
Effective share management keeping diluted earnings per share (EPS) steady at $1.36 in Q2 2025, up from $0.72 in Q1 2024, indicating improved earnings generation per share.
Consistent investments in property, plant, and equipment, supporting business expansion and modernization.

Neutral Factors:

Variability in changes of operating assets and liabilities caused fluctuations in operating cash flows, such as a negative $123.4 million in operating capital in Q2 2025.
Acquisitions continue but at moderate levels, e.g., $1.93 million in Q2 2025, indicating measured expansion.
Repurchase of common equity activities have been consistently active but relatively moderate to manage capital structure.
Other financing activities show some volatility, e.g., a net outflow of $8.9 million in Q2 2025, potentially relating to miscellaneous adjustments or expenses.
Debt levels remain substantial but show proactive management with repayments and issuances keeping net financing activities positive.
Periods of negative net cash from operating activities, such as Q1 2025 (-$127.1 million) and Q2 2025 (-$86.4 million), offset by strong financing inflows provide mixed cash flow signals.
Increase in accounts receivable from $21.7 million in Q1 2025 to $34.6 million in Q2 2025 may impact short-term liquidity but also suggest sales growth.

Key Negatives:

Notable negative fluctuations in net cash from operating activities in recent quarters, reflecting working capital challenges and timing of cash collections.
High levels of long-term debt totaling $1.74 billion as of Q2 2025 may expose the company to interest rate risks and debt servicing obligations despite manageable equity coverage.
Sharp declines in gross profit in certain quarters, e.g., $110.6 million in Q2 2025 compared to higher margins in prior periods, might indicate margin compression pressures.
Significant and recurring repurchase of common stock expenditures (e.g., $20.6 million in Q2 2025) could limit cash availability for operational investments during volatile cash flow quarters.
Operating expenses, especially selling, general & administrative expenses, remain relatively high at $71 million in Q2 2025, which could pressure operating margins if revenue growth slows.

Overall, LGI Homes shows a strong operational and financial foundation with solid revenue growth and profitability improvements over the examined periods. However, investors should monitor the company's cash flow dynamics and debt levels, which could pose moderate risk if operational efficiency or market conditions deteriorate.

08/31/25 03:48 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About LGI Homes' Financials

When does LGI Homes' financial year end?

According to the most recent income statement we have on file, LGI Homes' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has LGI Homes' net income changed over the last 10 years?

LGI Homes' net income appears to be on an upward trend, with a most recent value of $196.07 million in 2024, rising from $28.21 million in 2014. The previous period was $199.23 million in 2023. See where experts think LGI Homes is headed by visiting LGI Homes' forecast page.

What is LGI Homes' operating income?

LGI Homes' total operating income in 2024 was $212.15 million, based on the following breakdown:

Total Gross Profit: $533.29 million
Total Operating Expenses: $321.14 million

How has LGI Homes' revenue changed over the last 10 years?

Over the last 10 years, LGI Homes' total revenue changed from $383.27 million in 2014 to $2.20 billion in 2024, a change of 474.7%.

How much debt does LGI Homes have?

LGI Homes' total liabilities were at $1.72 billion at the end of 2024, a 10.9% increase from 2023, and a 573.4% increase since 2014.

How much cash does LGI Homes have?

In the past 10 years, LGI Homes' cash and equivalents has ranged from $31.37 million in 2014 to $67.57 million in 2017, and is currently $53.20 million as of their latest financial filing in 2024.

How has LGI Homes' book value per share changed over the last 10 years?

Over the last 10 years, LGI Homes' book value per share changed from 8.79 in 2014 to 86.64 in 2024, a change of 885.7%.

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This page (NASDAQ:LGIH) was last updated on 8/31/2025 by MarketBeat.com Staff

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LGI Homes (LGIH) Financials

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LGI Homes (LGIH) Financials

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