LGI Homes (LGIH) Financials

$46.00 +1.99 (+4.51%)

As of 01:53 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	53	75	113	155	179	324	430	327	199	196	73
Consolidated Net Income / (Loss)	53	75	113	155	179	324	430	327	199	196	73
Net Income / (Loss) Continuing Operations	53	75	113	155	179	324	430	327	199	196	73
Total Pre-Tax Income	80	114	171	199	232	368	543	418	262	259	98
Total Operating Income	80	111	170	200	228	365	548	390	233	212	80
Total Gross Profit	167	222	320	380	436	603	818	647	542	533	354
Total Revenue	630	838	1,258	1,504	1,838	2,368	3,050	2,304	2,359	2,203	1,706
Operating Revenue	630	838	1,258	1,504	1,838	2,368	3,050	2,304	2,359	2,203	1,706
Total Cost of Revenue	463	617	938	1,124	1,402	1,765	2,232	1,658	1,816	1,669	1,352
Operating Cost of Revenue	463	617	938	1,124	1,402	1,765	2,232	1,658	1,816	1,669	1,352
Total Operating Expenses	87	110	151	180	209	238	270	256	309	321	274
Selling, General & Admin Expense	87	110	151	180	209	238	270	256	309	321	274
Total Other Income / (Expense), net	0.61	2.20	1.60	-1.01	4.29	3.14	-4.92	28	28	47	19
Other Income / (Expense), net	0.61	2.20	1.60	2.59	4.46	3.14	9.05	28	28	47	19
Income Tax Expense	27	39	58	44	53	44	113	92	63	63	26
Basic Earnings per Share	$2.65	$3.61	$5.24	$6.89	$7.70	$12.89	$17.46	$13.90	$8.48	$8.33	$3.13
Weighted Average Basic Shares Outstanding	19.94M	20.80M	21.60M	22.55M	23.19M	25.14M	24.61M	23.49M	23.51M	23.53M	23.19M
Diluted Earnings per Share	$2.44	$3.41	$4.73	$6.24	$7.02	$12.76	$17.25	$13.76	$8.42	$8.30	$3.12
Weighted Average Diluted Shares Outstanding	21.74M	22.02M	23.93M	24.89M	25.43M	25.38M	24.91M	23.73M	23.65M	23.61M	23.25M
Weighted Average Basic & Diluted Shares Outstanding	19.94M	20.80M	21.60M	22.55M	23.19M	24.98M	23.92M	23.31M	23.58M	23.40M	23.13M

This table shows LGI Homes' 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	67	52	17	59	70	51	3.99	32	20	17	2.16
Consolidated Net Income / (Loss)	67	52	17	59	70	51	3.99	32	20	17	2.16
Net Income / (Loss) Continuing Operations	67	52	17	59	70	51	3.99	32	20	17	2.16
Total Pre-Tax Income	89	69	23	77	92	67	5.72	42	27	24	4.32
Total Operating Income	82	60	19	68	80	46	0.17	40	21	19	-0.58
Total Gross Profit	159	143	91	151	163	128	74	111	85	84	60
Total Revenue	618	608	391	602	652	557	351	483	397	474	320
Operating Revenue	618	608	391	602	652	557	351	483	397	474	320
Total Cost of Revenue	459	466	299	452	488	430	278	373	312	390	260
Operating Cost of Revenue	459	466	299	452	488	430	278	373	312	390	260
Total Operating Expenses	77	83	73	83	83	82	74	71	64	66	61
Selling, General & Admin Expense	77	83	73	83	83	82	74	71	64	66	61
Total Other Income / (Expense), net	7.17	8.71	4.36	9.36	12	21	5.56	2.43	5.22	5.51	4.90
Other Income / (Expense), net	7.17	8.71	4.36	9.36	12	21	5.56	2.43	5.22	5.51	4.90
Income Tax Expense	22	16	6.04	18	22	16	1.73	11	7.00	6.70	2.16
Basic Earnings per Share	$2.85	$2.22	$0.72	$2.49	$2.96	$2.16	$0.17	$1.36	$0.85	$0.75	$0.09
Weighted Average Basic Shares Outstanding	23.55M	23.51M	23.58M	23.54M	23.50M	23.53M	23.40M	23.22M	23.06M	23.19M	23.15M
Diluted Earnings per Share	$2.84	$2.19	$0.72	$2.48	$2.95	$2.15	$0.17	$1.36	$0.85	$0.74	$0.09
Weighted Average Diluted Shares Outstanding	23.64M	23.65M	23.68M	23.60M	23.58M	23.61M	23.47M	23.27M	23.15M	23.25M	23.22M
Weighted Average Basic & Diluted Shares Outstanding	23.56M	23.58M	23.57M	23.50M	23.51M	23.40M	23.40M	23.06M	23.08M	23.13M	23.23M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	6.20	12	18	-21	-8.28	-2.40	15	-19	17	4.22	8.05
Net Cash From Operating Activities	-89	-108	-68	-117	-42	202	22	-370	-57	-144	-140
Net Cash From Continuing Operating Activities	-89	-108	-68	-117	-42	202	22	-370	-57	-144	-140
Net Income / (Loss) Continuing Operations	53	75	113	155	179	324	430	327	199	196	73
Consolidated Net Income / (Loss)	53	75	113	155	179	324	430	327	199	196	73
Depreciation Expense	0.88	1.09	0.79	0.71	0.64	0.71	1.15	1.58	2.41	3.11	4.32
Non-Cash Adjustments To Reconcile Net Income	5.11	-0.39	-4.01	-9.32	16	14	30	15	3.96	-8.16	20
Changes in Operating Assets and Liabilities, net	-148	-184	-179	-263	-237	-136	-439	-713	-263	-335	-237
Net Cash From Investing Activities	-1.12	-0.72	-0.52	-75	-1.79	-5.65	-70	-5.97	-14	16	28
Net Cash From Continuing Investing Activities	-1.12	-0.72	-0.52	-75	-1.79	-5.65	-70	-5.97	-14	16	28
Purchase of Property, Plant & Equipment	-1.12	-0.72	-0.52	-0.48	-0.73	-2.69	-1.73	-1.19	-1.44	-1.95	-0.92
Acquisitions	-	0.00	0.00	-74	-1.06	-2.96	-69	-5.02	-18	-7.87	-4.45
Sale of Property, Plant & Equipment	-	-	-	-	-	-	-	0.00	0.00	25	25
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	0.00	0.24	5.68	0.00	8.61
Net Cash From Financing Activities	96	121	87	171	35	-199	63	358	88	132	120
Net Cash From Continuing Financing Activities	96	121	87	171	35	-199	63	358	88	132	120
Repayment of Debt	-159	-49	-30	-443	-277	-532	-990	-312	-760	-766	-499
Repurchase of Common Equity	-	0.00	0.00	-1.51	0.00	-48	-194	-95	0.00	-31	-24
Issuance of Debt	245	140	100	613	309	377	1,240	619	887	992	669
Issuance of Common Equity	9.59	29	17	2.69	2.89	4.26	7.11	5.62	5.26	4.83	3.61
Other Financing Activities, net	0.05	0.14	-	-0.08	0.00	0.00	0.00	141	-45	-68	-30

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	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	21	-27	27	2.08	9.83	-7.71	4.40	1.96	2.42	-0.73	-0.39
Net Cash From Operating Activities	-116	-34	-99	-83	-18	57	-127	-86	-13	87	-56
Net Cash From Continuing Operating Activities	-116	-34	-99	-83	-18	57	-127	-86	-13	87	-56
Net Income / (Loss) Continuing Operations	67	52	17	59	70	51	3.99	32	20	17	2.16
Consolidated Net Income / (Loss)	67	52	17	59	70	51	3.99	32	20	17	2.16
Depreciation Expense	0.79	0.63	0.67	0.78	0.83	0.83	0.86	1.01	1.18	1.27	1.19
Non-Cash Adjustments To Reconcile Net Income	-6.39	5.14	2.17	0.26	4.30	-15	12	4.52	1.00	2.55	10
Changes in Operating Assets and Liabilities, net	-177	-92	-119	-143	-92	20	-144	-123	-35	66	-69
Net Cash From Investing Activities	-0.75	-6.05	2.02	-4.95	-3.71	22	-0.25	2.32	12	14	6.44
Net Cash From Continuing Investing Activities	-0.75	-6.05	2.02	-4.95	-3.71	22	-0.25	2.32	12	14	6.44
Purchase of Property, Plant & Equipment	-0.58	-0.60	-1.00	-0.28	-0.06	-0.61	-0.83	-0.05	-0.04	-	-0.70
Acquisitions	-1.90	-6.27	0.00	-1.65	-3.65	-2.57	-1.50	-1.93	-0.14	-0.89	-1.88
Sale of Property, Plant & Equipment	-	-	3.02	-	-	-	0.00	-	-	15	8.92
Sale and/or Maturity of Investments	1.72	0.81	0.00	-	-	-	2.08	4.31	2.25	-0.03	0.11
Net Cash From Financing Activities	120	42	97	91	31	-87	132	86	3.41	-101	49
Net Cash From Continuing Financing Activities	138	13	125	91	31	-87	132	86	3.41	-101	49
Repayment of Debt	-55	-495	-39	-60	-115	-552	-30	-104	-195	-170	-65
Repurchase of Common Equity	-	-	-10	-8.00	-	-13	-3.05	-21	-	-	0.00
Issuance of Debt	191	551	172	177	159	485	172	218	204	74	116
Issuance of Common Equity	1.50	0.93	1.51	1.22	1.29	0.81	1.19	0.85	0.92	0.65	1.24
Other Financing Activities, net	-	-45	0.00	-19	-14	-7.58	-8.60	-8.90	-6.73	-5.71	-3.75

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	619	815	1,080	1,395	1,666	1,826	2,352	3,125	3,408	3,759	3,927
Total Current Assets	586	784	1,031	1,318	1,594	1,721	108	57	90	82	94
Cash & Equivalents	38	50	68	47	38	36	51	32	49	53	61
Accounts Receivable	17	17	45	43	56	116	58	25	41	29	32
Plant, Property, & Equipment, net	2.11	1.96	1.67	1.43	1.63	3.62	17	33	46	57	107
Total Noncurrent Assets	30	28	47	76	70	101	2,226	3,035	3,272	3,620	3,726
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	9.90
Other Noncurrent Operating Assets	18	16	33	62	53	82	2,208	3,016	3,252	3,598	3,704
Total Liabilities & Shareholders' Equity	619	815	1,080	1,395	1,666	1,826	2,352	3,125	3,408	3,759	3,927
Total Liabilities	371	459	590	740	821	687	956	1,482	1,552	1,721	1,831
Total Current Liabilities	64	59	115	86	130	149	151	365	303	241	174
Accounts Payable	24	12	12	9.24	12	14	14	25	32	33	16
Accrued Expenses	40	46	103	77	118	135	137	340	272	207	158
Total Noncurrent Liabilities	307	401	475	654	691	538	805	1,117	1,248	1,481	1,657
Long-Term Debt	305	400	475	654	691	538	805	1,117	1,248	1,481	1,657
Commitments & Contingencies	-	-	-	-	-	-	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	247	355	490	656	845	1,139	1,396	1,642	1,856	2,037	2,096
Total Preferred & Common Equity	247	355	490	656	846	1,141	1,396	1,642	1,856	2,037	2,096
Total Common Equity	247	355	490	656	846	1,141	1,396	1,642	1,856	2,037	2,096
Common Stock	176	209	230	242	253	271	292	307	321	337	348
Retained Earnings	88	163	276	432	610	934	1,364	1,690	1,890	2,086	2,158
Treasury Stock	-17	-17	-17	-18	-18	-66	-260	-355	-355	-386	-410

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	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	3,113	3,101	3,140	3,335	3,523	3,702	3,826	3,889	4,006	4,040	4,010
Total Current Assets	90	65	92	83	76	94	110	79	94	83	106
Cash & Equivalents	53	43	43	47	49	51	61	58	60	62	61
Accounts Receivable	37	22	48	36	27	43	49	22	35	21	45
Plant, Property, & Equipment, net	26	35	38	42	50	56	62	67	94	102	125
Total Noncurrent Assets	2,997	3,001	3,010	3,211	3,397	3,551	3,654	3,742	3,818	3,855	3,779
Goodwill	12	12	12	12	12	12	12	12	12	12	12
Noncurrent Deferred & Refundable Income Taxes	7.64	5.13	7.87	9.62	7.27	7.04	9.15	8.15	10	9.62	8.92
Other Noncurrent Operating Assets	2,977	2,984	2,990	3,189	3,378	3,532	3,633	3,722	3,796	3,833	3,759
Total Liabilities & Shareholders' Equity	3,113	3,101	3,140	3,335	3,523	3,702	3,826	3,889	4,006	4,040	4,010
Total Liabilities	1,506	1,427	1,409	1,532	1,654	1,778	1,829	1,846	1,949	1,960	1,908
Total Current Liabilities	276	381	355	342	270	277	282	222	208	209	198
Accounts Payable	55	40	59	67	46	67	53	52	46	38	39
Accrued Expenses	220	341	296	275	224	210	229	170	162	171	160
Total Noncurrent Liabilities	1,230	1,046	1,053	1,190	1,383	1,501	1,546	1,625	1,741	1,751	1,709
Long-Term Debt	1,230	1,046	1,053	1,190	1,383	1,501	1,546	1,625	1,741	1,751	1,709
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	1,607	1,674	1,731	1,803	1,869	1,924	1,997	2,043	2,057	2,079	2,102
Total Preferred & Common Equity	1,607	1,674	1,731	1,803	1,869	1,924	1,997	2,043	2,057	2,079	2,102
Total Common Equity	1,607	1,674	1,731	1,803	1,869	1,924	1,997	2,043	2,057	2,079	2,102
Common Stock	306	312	315	320	327	332	335	342	345	348	352
Retained Earnings	1,656	1,717	1,771	1,838	1,907	1,965	2,035	2,090	2,121	2,141	2,160
Treasury Stock	-355	-355	-355	-355	-365	-373	-373	-389	-410	-410	-410

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	64.44%	33.02%	50.06%	19.59%	22.19%	28.82%	28.81%	-24.45%	2.35%	-6.61%	-22.57%
EBITDA Growth	84.86%	41.40%	50.04%	18.13%	14.37%	58.42%	51.37%	-24.77%	-37.06%	-0.81%	-60.76%
EBIT Growth	86.36%	41.59%	50.79%	18.26%	14.46%	58.55%	51.35%	-24.90%	-37.40%	-1.09%	-61.96%
NOPAT Growth	88.96%	40.33%	52.56%	39.05%	12.32%	83.19%	35.00%	-29.72%	-41.73%	-9.51%	-63.42%
Net Income Growth	87.27%	42.02%	51.01%	37.05%	15.02%	81.34%	32.65%	-23.99%	-38.99%	-1.58%	-63.00%
EPS Growth	83.46%	39.75%	38.71%	31.92%	12.50%	81.77%	35.19%	-20.23%	-38.81%	-1.43%	-62.41%
Operating Cash Flow Growth	48.53%	-21.34%	36.71%	-70.48%	64.07%	582.09%	-89.27%	-1,807.15%	84.62%	-152.32%	2.62%
Free Cash Flow Firm Growth	51.08%	-24.79%	33.12%	-165.01%	71.81%	399.86%	-142.67%	-260.15%	44.72%	-65.33%	32.32%
Invested Capital Growth	40.07%	37.28%	27.09%	40.73%	18.55%	9.62%	31.02%	26.82%	12.02%	13.40%	6.55%
Revenue Q/Q Growth	12.16%	7.72%	15.43%	1.36%	10.89%	14.05%	-3.06%	-11.95%	5.37%	-2.26%	-4.66%
EBITDA Q/Q Growth	18.03%	10.43%	13.19%	0.57%	14.04%	28.49%	-3.97%	-18.68%	9.03%	-0.48%	-29.31%
EBIT Q/Q Growth	18.47%	10.56%	13.28%	0.58%	14.10%	28.54%	-3.99%	-18.76%	9.04%	-0.56%	-30.42%
NOPAT Q/Q Growth	17.95%	11.01%	12.73%	4.47%	14.46%	28.62%	-5.67%	-20.84%	9.77%	-6.35%	-26.62%
Net Income Q/Q Growth	18.37%	11.06%	12.33%	4.73%	14.21%	28.36%	-5.52%	-19.12%	9.92%	-0.62%	-31.62%
EPS Q/Q Growth	16.75%	10.71%	9.24%	5.05%	13.23%	28.37%	-4.54%	-18.29%	9.49%	-0.48%	-31.13%
Operating Cash Flow Q/Q Growth	-31.15%	17.90%	39.62%	-18.73%	64.72%	15.38%	-88.59%	15.60%	-69.68%	38.84%	17.54%
Free Cash Flow Firm Q/Q Growth	-4.36%	14.17%	36.04%	-10.27%	56.60%	13.48%	-184.47%	38.76%	-145,616.09%	31.84%	18.37%
Invested Capital Q/Q Growth	18.09%	10.41%	4.03%	5.07%	0.40%	3.56%	10.00%	-2.05%	3.71%	-0.51%	-2.04%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.49%	26.44%	25.47%	25.25%	23.75%	25.47%	26.82%	28.06%	22.99%	24.21%	20.73%
EBITDA Margin	12.88%	13.69%	13.69%	13.52%	12.66%	15.56%	18.29%	18.21%	11.20%	11.90%	6.03%
Operating Margin	12.64%	13.30%	13.50%	13.30%	12.38%	15.40%	17.96%	16.93%	9.89%	9.63%	4.68%
EBIT Margin	12.74%	13.56%	13.63%	13.47%	12.62%	15.53%	18.25%	18.14%	11.10%	11.75%	5.77%
Profit (Net Income) Margin	8.38%	8.95%	9.01%	10.32%	9.72%	13.68%	14.09%	14.17%	8.45%	8.90%	4.25%
Tax Burden Percent	65.81%	66.01%	66.11%	77.99%	77.04%	88.05%	79.16%	78.10%	76.11%	75.73%	73.67%
Interest Burden Percent	100.00%	100.00%	100.00%	98.22%	99.93%	100.00%	97.49%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	34.19%	33.99%	33.89%	22.01%	22.96%	11.95%	20.84%	21.90%	23.89%	24.27%	26.33%
Return on Invested Capital (ROIC)	11.89%	12.06%	14.00%	14.45%	12.70%	20.46%	22.87%	12.49%	6.14%	4.93%	1.64%
ROIC Less NNEP Spread (ROIC-NNEP)	12.07%	12.53%	14.28%	14.29%	13.23%	20.94%	22.25%	14.87%	8.04%	7.62%	2.55%
Return on Net Nonoperating Assets (RNNOA)	12.68%	12.85%	12.82%	12.66%	11.10%	12.19%	11.03%	9.00%	5.25%	5.14%	1.87%
Return on Equity (ROE)	24.58%	24.90%	26.82%	27.11%	23.80%	32.65%	33.90%	21.50%	11.39%	10.07%	3.51%
Cash Return on Invested Capital (CROIC)	-21.49%	-19.37%	-9.86%	-19.39%	-4.28%	11.28%	-3.99%	-11.16%	-5.20%	-7.63%	-4.70%
Operating Return on Assets (OROA)	15.19%	15.86%	18.10%	16.38%	15.16%	21.07%	26.65%	15.27%	8.01%	7.23%	2.56%
Return on Assets (ROA)	10.00%	10.47%	11.96%	12.55%	11.67%	18.55%	20.57%	11.93%	6.10%	5.47%	1.89%
Return on Common Equity (ROCE)	24.58%	24.90%	26.82%	27.11%	23.81%	32.69%	33.92%	21.50%	11.39%	10.07%	3.51%
Return on Equity Simple (ROE_SIMPLE)	21.36%	21.12%	23.13%	23.67%	21.11%	28.39%	30.78%	19.88%	10.73%	9.62%	0.00%
Net Operating Profit after Tax (NOPAT)	52	74	112	156	175	321	434	305	178	161	59
NOPAT Margin	8.32%	8.78%	8.92%	10.37%	9.54%	13.56%	14.21%	13.22%	7.53%	7.29%	3.45%
Net Nonoperating Expense Percent (NNEP)	-0.18%	-0.47%	-0.28%	0.16%	-0.53%	-0.48%	0.62%	-2.38%	-1.90%	-2.70%	-0.91%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	11.04%	5.72%	4.57%	1.57%
Cost of Revenue to Revenue	73.51%	73.56%	74.53%	74.75%	76.25%	74.53%	73.18%	71.94%	77.01%	75.79%	79.27%
SG&A Expenses to Revenue	13.85%	13.14%	11.97%	11.95%	11.37%	10.07%	8.86%	11.13%	13.10%	14.58%	16.05%
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	13.85%	13.14%	11.97%	11.95%	11.37%	10.07%	8.86%	11.13%	13.10%	14.58%	16.05%
Earnings before Interest and Taxes (EBIT)	80	114	171	203	232	368	557	418	262	259	98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	81	115	172	203	233	369	558	420	264	262	103
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.97	1.72	3.33	1.57	1.92	2.33	2.69	1.31	1.69	1.03	0.47
Price to Tangible Book Value (P/TBV)	2.07	1.78	3.41	1.60	1.94	2.35	2.71	1.32	1.70	1.04	0.48
Price to Revenue (P/Rev)	0.77	0.73	1.30	0.68	0.88	1.12	1.23	0.94	1.33	0.95	0.58
Price to Earnings (P/E)	9.21	8.15	14.39	6.62	9.08	8.20	8.73	6.60	15.75	10.72	13.67
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	10.85%	12.27%	6.95%	15.12%	11.02%	12.19%	11.46%	15.14%	6.35%	9.33%	7.32%
Enterprise Value to Invested Capital (EV/IC)	1.47	1.36	2.27	1.29	1.52	1.92	2.09	1.19	1.42	1.02	0.70
Enterprise Value to Revenue (EV/Rev)	1.20	1.15	1.62	1.09	1.24	1.33	1.48	1.41	1.84	1.60	1.52
Enterprise Value to EBITDA (EV/EBITDA)	9.29	8.39	11.84	8.04	9.77	8.57	8.07	7.72	16.42	13.47	25.16
Enterprise Value to EBIT (EV/EBIT)	9.39	8.47	11.89	8.06	9.80	8.59	8.09	7.75	16.57	13.63	26.27
Enterprise Value to NOPAT (EV/NOPAT)	14.38	13.08	18.16	10.47	12.97	9.84	10.39	10.64	24.43	21.97	44.02
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	15.63	207.58	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	17.84	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.23	1.13	0.97	1.00	0.82	0.47	0.58	0.68	0.67	0.73	0.79
Long-Term Debt to Equity	1.23	1.13	0.97	1.00	0.82	0.47	0.58	0.68	0.67	0.73	0.79
Financial Leverage	1.05	1.03	0.90	0.89	0.84	0.58	0.50	0.61	0.65	0.67	0.73
Leverage Ratio	2.46	2.38	2.24	2.16	2.04	1.76	1.65	1.80	1.87	1.84	1.86
Compound Leverage Factor	2.46	2.38	2.24	2.12	2.04	1.76	1.61	1.80	1.87	1.84	1.86
Debt to Total Capital	55.18%	53.00%	49.24%	49.92%	44.97%	32.10%	36.58%	40.48%	40.21%	42.09%	44.15%
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	55.18%	53.00%	49.24%	49.92%	44.97%	32.10%	36.58%	40.48%	40.21%	42.09%	44.15%
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	44.82%	47.00%	50.76%	50.08%	55.10%	68.01%	63.42%	59.52%	59.79%	57.91%	55.86%
Debt to EBITDA	3.75	3.49	2.76	3.21	2.97	1.46	1.44	2.66	4.73	5.65	16.12
Net Debt to EBITDA	3.29	3.06	2.37	2.98	2.80	1.36	1.35	2.59	4.54	5.45	15.52
Long-Term Debt to EBITDA	3.75	3.49	2.76	3.21	2.97	1.46	1.44	2.66	4.73	5.65	16.12
Debt to NOPAT	5.81	5.44	4.23	4.19	3.94	1.68	1.86	3.67	7.03	9.22	28.19
Net Debt to NOPAT	5.09	4.77	3.63	3.89	3.72	1.56	1.74	3.56	6.76	8.89	27.15
Long-Term Debt to NOPAT	5.81	5.44	4.23	4.19	3.94	1.68	1.86	3.67	7.03	9.22	28.19
Altman Z-Score	3.45	3.64	4.72	3.88	4.32	6.03	5.22	2.69	2.86	2.27	1.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	-0.07%	-0.14%	-0.07%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	9.15	13.37	8.98	15.36	12.23	11.58	0.72	0.16	0.30	0.34	0.54
Quick Ratio	0.86	1.13	0.98	1.04	0.73	1.02	0.72	0.16	0.30	0.34	0.54
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-95	-118	-79	-210	-59	177	-76	-272	-150	-249	-168
Operating Cash Flow to CapEx	-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%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-58.21	-349.43	0.00	-5.41	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	-32.43	-248.13	0.00	1.55	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-32.56	-252.47	0.00	1.43	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.19	1.17	1.33	1.22	1.20	1.36	1.46	0.84	0.72	0.61	0.44
Accounts Receivable Turnover	51.05	48.77	40.74	34.37	37.05	27.48	35.09	55.49	70.98	62.90	55.75
Inventory Turnover	1.03	0.99	1.15	1.05	1.03	1.15	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	339.02	412.15	692.33	968.71	1,199.84	902.07	296.68	92.29	60.08	42.95	20.78
Accounts Payable Turnover	23.46	33.98	77.17	105.78	128.97	134.87	160.31	84.03	63.84	51.45	54.68
Days Sales Outstanding (DSO)	7.15	7.48	8.96	10.62	9.85	13.28	10.40	6.58	5.14	5.80	6.55
Days Inventory Outstanding (DIO)	354.18	369.59	318.58	348.48	355.17	317.37	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	15.56	10.74	4.73	3.45	2.83	2.71	2.28	4.34	5.72	7.09	6.68
Cash Conversion Cycle (CCC)	345.77	366.33	322.81	355.65	362.20	327.95	8.13	2.23	-0.57	-1.29	-0.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	514	706	897	1,263	1,497	1,641	2,151	2,727	3,055	3,465	3,692
Invested Capital Turnover	1.43	1.37	1.57	1.39	1.33	1.51	1.61	0.94	0.82	0.68	0.48
Increase / (Decrease) in Invested Capital	147	192	191	366	234	144	509	577	328	409	227
Enterprise Value (EV)	754	962	2,039	1,634	2,274	3,159	4,504	3,242	4,337	3,530	2,587
Market Capitalization	487	611	1,631	1,027	1,621	2,657	3,750	2,157	3,138	2,102	991
Book Value per Share	$12.36	$16.69	$22.53	$28.87	$36.87	$45.45	$57.51	$70.52	$78.77	$86.64	$90.83
Tangible Book Value per Share	$11.75	$16.13	$21.98	$28.35	$36.35	$44.97	$57.01	$70.00	$78.26	$86.13	$90.31
Total Capital	552	756	965	1,310	1,536	1,677	2,201	2,759	3,104	3,518	3,753
Total Debt	305	400	475	654	691	538	805	1,117	1,248	1,481	1,657
Total Long-Term Debt	305	400	475	654	691	538	805	1,117	1,248	1,481	1,657
Net Debt	267	351	408	607	652	502	755	1,085	1,199	1,428	1,596
Capital Expenditures (CapEx)	1.12	0.72	0.52	0.48	0.73	2.69	1.73	1.19	1.44	-23	-24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	485	676	849	1,185	1,426	1,537	-93	-340	-262	-212	-142
Debt-free Net Working Capital (DFNWC)	522	726	916	1,232	1,464	1,573	-42	-308	-213	-159	-80
Net Working Capital (NWC)	522	726	916	1,232	1,464	1,573	-42	-308	-213	-159	-80
Net Nonoperating Expense (NNE)	-0.40	-1.45	-1.06	0.79	-3.31	-2.76	3.90	-22	-22	-35	-14
Net Nonoperating Obligations (NNO)	267	351	408	607	652	502	755	1,085	1,199	1,428	1,596
Total Depreciation and Amortization (D&A)	0.88	1.09	0.79	0.71	0.64	0.71	1.15	1.58	2.41	3.11	4.32
Debt-free, Cash-free Net Working Capital to Revenue	76.88%	80.65%	67.47%	78.79%	77.56%	64.90%	-3.04%	-14.77%	-11.12%	-9.62%	-8.31%
Debt-free Net Working Capital to Revenue	82.84%	86.55%	72.84%	81.89%	79.64%	66.42%	-1.39%	-13.38%	-9.04%	-7.20%	-4.72%
Net Working Capital to Revenue	82.84%	86.55%	72.84%	81.89%	79.64%	66.42%	-1.39%	-13.38%	-9.04%	-7.20%	-4.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.65	$3.61	$5.24	$6.89	$7.70	$12.89	$17.46	$13.90	$8.48	$8.33	$3.13
Adjusted Weighted Average Basic Shares Outstanding	19.94M	20.80M	21.60M	22.55M	23.19M	25.14M	24.61M	23.49M	23.51M	23.53M	23.19M
Adjusted Diluted Earnings per Share	$2.44	$3.41	$4.73	$6.24	$7.02	$12.76	$17.25	$13.76	$8.42	$8.30	$3.12
Adjusted Weighted Average Diluted Shares Outstanding	21.74M	22.02M	23.93M	24.89M	25.43M	25.38M	24.91M	23.73M	23.65M	23.61M	23.25M
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	20.27M	21.31M	22.33M	22.71M	25.36M	24.98M	23.92M	23.31M	23.58M	23.40M	23.13M
Normalized Net Operating Profit after Tax (NOPAT)	52	74	112	156	175	321	434	305	178	161	59
Normalized NOPAT Margin	8.32%	8.78%	8.92%	10.37%	9.54%	13.56%	14.21%	13.22%	7.53%	7.29%	3.45%
Pre Tax Income Margin	12.74%	13.56%	13.63%	13.23%	12.61%	15.53%	17.80%	18.14%	11.10%	11.75%	5.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	56.32	1,372.79	0.00	39.84	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	43.37	1,037.28	0.00	31.02	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	56.19	1,368.44	0.00	39.71	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	43.23	1,032.93	0.00	30.90	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	0.00%	0.00%	0.00%	0.97%	0.00%	14.84%	45.10%	29.12%	0.00%	15.80%	32.58%

This table displays calculated financial ratios and metrics derived from LGI Homes' 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	-	-	-	-	-	-	-	-	-	-	23,133,086.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	23,133,086.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.09
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.88%	24.61%	-19.80%	-6.63%	5.56%	-8.39%	-10.09%	-19.75%	-39.15%	-14.97%	-9.02%
EBITDA Growth	-17.29%	46.26%	-27.61%	7.99%	2.70%	-1.83%	-72.29%	-44.56%	-69.92%	-62.76%	-16.34%
EBIT Growth	-17.71%	46.30%	-28.61%	7.67%	2.69%	-2.14%	-75.21%	-45.32%	-70.93%	-64.19%	-24.55%
NOPAT Growth	-21.59%	53.05%	-36.29%	6.22%	-1.36%	-23.98%	-99.15%	-42.25%	-73.94%	-61.38%	-346.83%
Net Income Growth	-25.83%	52.69%	-36.75%	10.24%	3.78%	-2.34%	-76.58%	-46.16%	-71.68%	-65.95%	-45.92%
EPS Growth	-26.23%	50.00%	-36.84%	10.22%	3.87%	-1.83%	-76.39%	-45.16%	-71.19%	-65.58%	-47.06%
Operating Cash Flow Growth	-20.01%	-214.64%	-228.21%	-648.01%	84.62%	266.24%	-27.80%	-3.45%	25.53%	52.22%	56.31%
Free Cash Flow Firm Growth	86.68%	48.37%	-81.50%	-791.61%	-375.76%	-32.67%	20.78%	42.48%	43.14%	42.97%	65.08%
Invested Capital Growth	5.81%	12.02%	19.66%	23.10%	18.21%	13.40%	12.68%	10.80%	8.22%	6.55%	3.92%
Revenue Q/Q Growth	-4.30%	-1.48%	-35.76%	54.15%	8.19%	-14.49%	-36.95%	37.58%	-17.96%	19.50%	-32.54%
EBITDA Q/Q Growth	25.49%	-23.34%	-65.64%	226.76%	19.34%	-26.73%	-90.30%	553.82%	-35.25%	-9.29%	-78.22%
EBIT Q/Q Growth	25.26%	-23.37%	-66.31%	232.91%	19.47%	-26.97%	-91.47%	634.45%	-36.49%	-10.04%	-82.02%
NOPAT Q/Q Growth	27.33%	-26.26%	-69.58%	271.88%	18.25%	-43.17%	-99.66%	25,093.60%	-46.64%	-15.79%	-102.18%
Net Income Q/Q Growth	26.18%	-22.30%	-67.26%	243.48%	18.78%	-26.88%	-92.15%	689.51%	-37.51%	-12.09%	-87.53%
EPS Q/Q Growth	26.22%	-22.89%	-67.12%	244.44%	18.95%	-27.12%	-92.09%	700.00%	-37.50%	-12.94%	-87.84%
Operating Cash Flow Q/Q Growth	-858.19%	70.31%	-190.13%	16.08%	78.72%	420.92%	-323.04%	32.07%	84.69%	756.00%	-164.01%
Free Cash Flow Firm Q/Q Growth	-53.25%	-182.58%	-81.42%	-13.49%	18.22%	21.20%	-8.32%	17.59%	19.17%	20.97%	33.67%
Invested Capital Q/Q Growth	7.48%	3.71%	4.85%	5.33%	3.21%	-0.51%	4.18%	3.57%	0.81%	-2.04%	1.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.72%	23.44%	23.39%	25.04%	25.08%	22.88%	20.98%	22.88%	21.46%	17.75%	18.74%
EBITDA Margin	14.61%	11.37%	6.08%	12.89%	14.22%	12.18%	1.87%	8.90%	7.03%	5.34%	1.72%
Operating Margin	13.32%	9.84%	4.79%	11.21%	12.32%	8.18%	0.05%	8.19%	5.42%	3.91%	-0.18%
EBIT Margin	14.48%	11.27%	5.91%	12.76%	14.09%	12.04%	1.63%	8.70%	6.73%	5.07%	1.35%
Profit (Net Income) Margin	10.86%	8.56%	4.36%	9.72%	10.67%	9.13%	1.14%	6.52%	4.97%	3.65%	0.68%
Tax Burden Percent	74.95%	75.99%	73.84%	76.18%	75.75%	75.83%	69.78%	75.01%	73.80%	72.11%	50.01%
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	25.05%	24.01%	26.16%	23.82%	24.25%	24.17%	30.22%	24.99%	26.21%	27.89%	49.99%
Return on Invested Capital (ROIC)	7.80%	6.10%	2.72%	6.20%	6.54%	4.19%	0.02%	3.53%	1.97%	1.34%	-0.04%
ROIC Less NNEP Spread (ROIC-NNEP)	8.26%	6.68%	3.00%	6.78%	7.21%	5.43%	0.29%	3.65%	2.21%	1.61%	0.11%
Return on Net Nonoperating Assets (RNNOA)	5.63%	4.36%	1.98%	4.56%	4.99%	3.66%	0.21%	2.87%	1.73%	1.17%	0.09%
Return on Equity (ROE)	13.43%	10.46%	4.70%	10.76%	11.53%	7.85%	0.24%	6.40%	3.70%	2.52%	0.04%
Cash Return on Invested Capital (CROIC)	0.00%	-5.20%	-12.14%	-15.07%	-11.35%	-7.63%	-7.62%	-6.73%	-5.69%	-4.70%	-2.28%
Operating Return on Assets (OROA)	10.06%	8.14%	4.04%	8.28%	8.87%	7.40%	0.95%	4.61%	3.06%	2.25%	0.57%
Return on Assets (ROA)	7.54%	6.18%	2.98%	6.31%	6.72%	5.61%	0.66%	3.46%	2.26%	1.62%	0.29%
Return on Common Equity (ROCE)	13.43%	10.46%	4.70%	10.76%	11.53%	7.85%	0.24%	6.40%	3.70%	2.52%	0.04%
Return on Equity Simple (ROE_SIMPLE)	10.05%	0.00%	10.13%	10.12%	9.88%	0.00%	8.96%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	62	45	14	51	61	35	0.12	30	16	13	-0.29
NOPAT Margin	9.99%	7.47%	3.54%	8.54%	9.33%	6.20%	0.03%	6.14%	4.00%	2.82%	-0.09%
Net Nonoperating Expense Percent (NNEP)	-0.46%	-0.58%	-0.28%	-0.58%	-0.67%	-1.24%	-0.27%	-0.12%	-0.24%	-0.26%	-0.15%
Return On Investment Capital (ROIC_SIMPLE)	-	1.46%	0.43%	-	-	0.98%	0.00%	0.78%	0.41%	0.36%	-0.01%
Cost of Revenue to Revenue	74.28%	76.56%	76.61%	74.96%	74.92%	77.12%	79.02%	77.12%	78.54%	82.25%	81.26%
SG&A Expenses to Revenue	12.39%	13.61%	18.59%	13.84%	12.76%	14.70%	20.93%	14.69%	16.04%	13.84%	18.93%
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	12.39%	13.61%	18.59%	13.84%	12.76%	14.70%	20.93%	14.69%	16.04%	13.84%	18.93%
Earnings before Interest and Taxes (EBIT)	89	69	23	77	92	67	5.72	42	27	24	4.32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	90	69	24	78	93	68	6.59	43	28	25	5.51
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	1.69	1.47	1.10	1.39	1.03	0.76	0.59	0.57	0.47	0.44
Price to Tangible Book Value (P/TBV)	1.31	1.70	1.48	1.10	1.40	1.04	0.77	0.59	0.58	0.48	0.44
Price to Revenue (P/Rev)	1.05	1.33	1.21	0.95	1.24	0.95	0.72	0.59	0.67	0.58	0.55
Price to Earnings (P/E)	12.92	15.75	14.48	10.83	14.12	10.72	8.50	7.73	11.24	13.67	12.93
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	7.74%	6.35%	6.90%	9.23%	7.08%	9.33%	11.77%	12.94%	8.90%	7.32%	7.73%
Enterprise Value to Invested Capital (EV/IC)	1.18	1.42	1.27	1.05	1.23	1.02	0.87	0.77	0.76	0.70	0.68
Enterprise Value to Revenue (EV/Rev)	1.56	1.84	1.80	1.60	1.90	1.60	1.44	1.41	1.61	1.52	1.53
Enterprise Value to EBITDA (EV/EBITDA)	14.39	16.42	15.98	13.65	16.22	13.47	12.75	13.73	19.82	25.16	25.19
Enterprise Value to EBIT (EV/EBIT)	14.52	16.57	16.14	13.80	16.40	13.63	12.93	13.97	20.36	26.27	26.40
Enterprise Value to NOPAT (EV/NOPAT)	21.55	24.43	24.06	20.64	24.90	21.97	21.29	23.09	35.98	44.02	44.52
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)	33,720.13	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.66	0.67	0.74	0.78	0.77	0.73	0.80	0.85	0.84	0.79	0.81
Long-Term Debt to Equity	0.66	0.67	0.74	0.78	0.77	0.73	0.80	0.85	0.84	0.79	0.81
Financial Leverage	0.68	0.65	0.66	0.67	0.69	0.67	0.74	0.79	0.78	0.73	0.78
Leverage Ratio	1.89	1.87	1.87	1.87	1.88	1.84	1.89	1.94	1.93	1.86	1.91
Compound Leverage Factor	1.89	1.87	1.87	1.87	1.88	1.84	1.89	1.94	1.93	1.86	1.91
Debt to Total Capital	39.77%	40.21%	42.53%	43.83%	43.64%	42.09%	44.30%	45.84%	45.72%	44.15%	44.85%
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	39.77%	40.21%	42.53%	43.83%	43.64%	42.09%	44.30%	45.84%	45.72%	44.15%	44.85%
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	60.23%	59.79%	57.47%	56.17%	56.36%	57.91%	55.70%	54.16%	54.28%	55.86%	55.15%
Debt to EBITDA	4.91	4.73	5.42	5.76	5.87	5.65	6.64	8.28	12.04	16.12	16.80
Net Debt to EBITDA	4.72	4.54	5.23	5.56	5.64	5.45	6.40	8.00	11.62	15.52	16.21
Long-Term Debt to EBITDA	4.91	4.73	5.42	5.76	5.87	5.65	6.64	8.28	12.04	16.12	16.80
Debt to NOPAT	7.36	7.03	8.17	8.71	9.01	9.22	11.08	13.93	21.87	28.19	29.70
Net Debt to NOPAT	7.07	6.76	7.88	8.41	8.66	8.89	10.68	13.45	21.09	27.15	28.64
Long-Term Debt to NOPAT	7.36	7.03	8.17	8.71	9.01	9.22	11.08	13.93	21.87	28.19	29.70
Altman Z-Score	2.36	2.67	2.35	2.06	2.27	2.10	1.78	1.62	1.53	1.52	1.44
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	0.24	0.30	0.28	0.34	0.39	0.34	0.36	0.45	0.40	0.54	0.53
Quick Ratio	0.24	0.30	0.28	0.34	0.39	0.34	0.36	0.45	0.40	0.54	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-100	-282	-512	-582	-476	-375	-406	-335	-270	-214	-142
Operating Cash Flow to CapEx	-20,019.06%	-5,763.53%	0.00%	-29,817.86%	-27,756.25%	9,391.76%	-15,300.60%	-159,950.00%	-33,917.95%	0.00%	0.00%
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	0.69	0.72	0.68	0.65	0.63	0.61	0.58	0.53	0.45	0.44	0.42
Accounts Receivable Turnover	61.24	70.98	92.29	48.57	53.23	62.90	88.52	52.54	50.92	55.75	50.16
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	65.91	60.08	53.20	47.15	43.39	42.95	36.90	27.23	21.88	20.78	17.41
Accounts Payable Turnover	28.37	63.84	40.13	26.57	28.28	51.45	33.62	27.82	30.51	54.68	29.50
Days Sales Outstanding (DSO)	5.96	5.14	3.95	7.51	6.86	5.80	4.12	6.95	7.17	6.55	7.28
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)	12.87	5.72	9.10	13.74	12.91	7.09	10.86	13.12	11.96	6.68	12.37
Cash Conversion Cycle (CCC)	-6.91	-0.57	-5.14	-6.22	-6.05	-1.29	-6.73	-6.17	-4.80	-0.13	-5.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,946	3,055	3,203	3,374	3,483	3,465	3,610	3,738	3,769	3,692	3,751
Invested Capital Turnover	0.78	0.82	0.77	0.73	0.70	0.68	0.64	0.57	0.49	0.48	0.45
Increase / (Decrease) in Invested Capital	162	328	526	633	536	409	406	364	286	227	141
Enterprise Value (EV)	3,486	4,337	4,076	3,559	4,271	3,530	3,122	2,887	2,882	2,587	2,563
Market Capitalization	2,343	3,138	2,742	2,109	2,785	2,102	1,555	1,206	1,192	991	914
Book Value per Share	$76.56	$78.77	$79.28	$81.63	$84.98	$86.64	$87.30	$87.90	$90.19	$90.83	$90.88
Tangible Book Value per Share	$76.05	$78.26	$78.77	$81.12	$84.46	$86.13	$86.78	$87.38	$89.66	$90.31	$90.36
Total Capital	2,993	3,104	3,252	3,425	3,543	3,518	3,667	3,798	3,831	3,753	3,812
Total Debt	1,190	1,248	1,383	1,501	1,546	1,481	1,625	1,741	1,751	1,657	1,709
Total Long-Term Debt	1,190	1,248	1,383	1,501	1,546	1,481	1,625	1,741	1,751	1,657	1,709
Net Debt	1,143	1,199	1,334	1,450	1,486	1,428	1,567	1,681	1,689	1,596	1,649
Capital Expenditures (CapEx)	0.58	0.60	-2.02	0.28	0.06	0.61	0.83	0.05	0.04	-15	-8.22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-306	-262	-243	-234	-233	-212	-200	-174	-188	-142	-153
Debt-free Net Working Capital (DFNWC)	-259	-213	-194	-182	-172	-159	-142	-114	-126	-80	-92
Net Working Capital (NWC)	-259	-213	-194	-182	-172	-159	-142	-114	-126	-80	-92
Net Nonoperating Expense (NNE)	-5.38	-6.62	-3.22	-7.13	-8.75	-16	-3.88	-1.82	-3.85	-3.97	-2.45
Net Nonoperating Obligations (NNO)	1,143	1,199	1,334	1,450	1,486	1,428	1,567	1,681	1,689	1,596	1,649
Total Depreciation and Amortization (D&A)	0.79	0.63	0.67	0.78	0.83	0.83	0.86	1.01	1.18	1.27	1.19
Debt-free, Cash-free Net Working Capital to Revenue	-13.68%	-11.12%	-10.76%	-10.52%	-10.36%	-9.62%	-9.24%	-8.49%	-10.50%	-8.31%	-9.16%
Debt-free Net Working Capital to Revenue	-11.59%	-9.04%	-8.59%	-8.22%	-7.65%	-7.20%	-6.57%	-5.57%	-7.03%	-4.72%	-5.52%
Net Working Capital to Revenue	-11.59%	-9.04%	-8.59%	-8.22%	-7.65%	-7.20%	-6.57%	-5.57%	-7.03%	-4.72%	-5.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.85	$2.22	$0.72	$2.49	$2.96	$2.16	$0.17	$1.36	$0.85	$0.75	$0.09
Adjusted Weighted Average Basic Shares Outstanding	23.55M	23.51M	23.58M	23.54M	23.50M	23.53M	23.40M	23.22M	23.06M	23.19M	23.15M
Adjusted Diluted Earnings per Share	$2.84	$2.19	$0.72	$2.48	$2.95	$2.15	$0.17	$1.36	$0.85	$0.74	$0.09
Adjusted Weighted Average Diluted Shares Outstanding	23.64M	23.65M	23.68M	23.60M	23.58M	23.61M	23.47M	23.27M	23.15M	23.25M	23.22M
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	23.56M	23.58M	23.57M	23.50M	23.51M	23.40M	23.40M	23.06M	23.08M	23.13M	23.23M
Normalized Net Operating Profit after Tax (NOPAT)	62	45	14	51	61	35	0.12	30	16	13	-0.29
Normalized NOPAT Margin	9.99%	7.47%	3.54%	8.54%	9.33%	6.20%	0.03%	6.14%	4.00%	2.82%	-0.09%
Pre Tax Income Margin	14.48%	11.27%	5.91%	12.76%	14.09%	12.04%	1.63%	8.70%	6.73%	5.07%	1.35%
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	0.00%	0.00%	5.28%	9.24%	9.12%	15.80%	13.13%	23.47%	34.51%	32.58%	29.11%

Financials Breakdown Chart

Key Financial Trends

LGI Homes (LGIH) has shown a mix of growth, margin pressure, and leverage over the last four years. Here are the key trends based on quarterly statements from 2022 through 2025, with a focus on the most recent four years (2022–2025).

Revenue momentum seen in 2023–2024, with continued top-line strength in several 2024 quarters (for example, Q3 2024 revenue of about $652M vs. Q3 2023 at ~$618M).
Gross margins generally in the mid-20% range across many quarters, indicating underlying scale efficiency in builder operations (e.g., multiple 2022–2024 quarters show 20–25% gross margin).
Net income to common shareholders remained positive in 2025 quarters (e.g., Q1 2025, Q2 2025, Q3 2025, and Q4 2025 each reported positive net income to common shareholders).
Solid equity base around $2.0B with a long-term debt load near $1.15–$1.75B over the period, providing meaningful asset backing and capital structure stability.
Active financing activity, including debt issuances that helped fund operations in several periods (e.g., 2024 Q4 debt issuance around $551M; 2025 Q3 issuance around $204M; 2024–2025 other debt issuances in the low-to-mid hundreds of millions).
Cash on hand is modest (roughly around $60M in late-2025 quarters), which provides some liquidity but is modest relative to the debt load.
Revenue shows cyclicality and seasonality typical of homebuilders, with quarterly fluctuations reflecting project timelines and seasonal demand patterns.
Gross margin compression in 2025 versus 2024, with margins dipping from the mid-20s to the low-to-mid teens in some periods, signaling higher costs or pricing pressure.
Cash flow from operating activities has been negative in several 2025 quarters, indicating working capital needs and periodic operating cash pressures (e.g., negative operating cash flow in some Q3/Q4 2025 periods).
Debt burden remains high and rising, with long-term debt around $1.75B in 2025 and total liabilities near $2B+ on the latest reported quarter, contributing to elevated leverage risk.

05/21/26 01:02 PM ETAI Generated. May Contain Errors.

LGI Homes Financials - Frequently Asked Questions

According to the most recent income statement we have on file, LGI Homes' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

LGI Homes' net income appears to be on an upward trend, with a most recent value of $72.55 million in 2025, rising from $52.83 million in 2015. The previous period was $196.07 million in 2024. See where experts think LGI Homes is headed by visiting LGI Homes' forecast page.

LGI Homes' total operating income in 2025 was $79.78 million, based on the following breakdown:

Total Gross Profit: $353.55 million
Total Operating Expenses: $273.77 million

Over the last 10 years, LGI Homes' total revenue changed from $630.24 million in 2015 to $1.71 billion in 2025, a change of 170.6%.

LGI Homes' total liabilities were at $1.83 billion at the end of 2025, a 6.4% increase from 2024, and a 393.1% increase since 2015.

In the past 10 years, LGI Homes' cash and equivalents has ranged from $32.00 million in 2022 to $67.57 million in 2017, and is currently $61.25 million as of their latest financial filing in 2025.

Over the last 10 years, LGI Homes' book value per share changed from 12.36 in 2015 to 90.83 in 2025, a change of 634.6%.

Related Companies

Financial statements for NASDAQ:LGIH last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

LGI Homes (LGIH) Financials

Financials Breakdown Chart

Key Financial Trends

LGI Homes Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

LGI Homes (LGIH) Financials

Annual Income Statements for LGI Homes

Quarterly Income Statements for LGI Homes

Annual Cash Flow Statements for LGI Homes

Quarterly Cash Flow Statements for LGI Homes

Annual Balance Sheets for LGI Homes

Quarterly Balance Sheets for LGI Homes

Annual Metrics And Ratios for LGI Homes

Quarterly Metrics And Ratios for LGI Homes

Financials Breakdown Chart

Key Financial Trends

LGI Homes Financials - Frequently Asked Questions

When does LGI Homes' financial year end?

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

What is LGI Homes' operating income?

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

How much debt does LGI Homes have?

How much cash does LGI Homes have?

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

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools