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LGN (LGN) Financials

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$98.42 -0.97 (-0.97%)
As of 10:58 AM Eastern
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Annual Income Statements for LGN

Annual Income Statements for LGN

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

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
-46 -29 -60
Consolidated Net Income / (Loss)
-46 -28 -77
Net Income / (Loss) Continuing Operations
-46 -28 -77
Total Pre-Tax Income
-54 -23 -55
Total Operating Income
8.93 70 62
Total Gross Profit
315 431 536
Total Revenue
1,615 2,099 2,550
Operating Revenue
1,615 2,099 2,550
Total Cost of Revenue
1,300 1,668 2,015
Operating Cost of Revenue
1,300 1,668 2,015
Total Operating Expenses
306 363 476
Selling, General & Admin Expense
186 243 343
Depreciation Expense
80 97 100
Impairment Charge
5.05 18 27
Restructuring Charge
3.79 5.63 5.74
Other Special Charges / (Income)
31 0.00 -0.33
Total Other Income / (Expense), net
-63 -90 -115
Interest Expense
68 92 108
Interest & Investment Income
5.58 8.53 5.93
Other Income / (Expense), net
-0.26 -7.33 -13
Income Tax Expense
-7.92 4.52 22
Net Income / (Loss) Attributable to Noncontrolling Interest
0.00 0.91 -18
Basic Earnings per Share
$0.00 $0.00 $0.00
Weighted Average Basic Shares Outstanding
0.00 0.00 0.00
Diluted Earnings per Share
$0.00 $0.00 $0.00
Weighted Average Diluted Shares Outstanding
0.00 0.00 0.00
Weighted Average Basic & Diluted Shares Outstanding
- - 108.04M

Quarterly Income Statements for LGN

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

Metric Q3 2024 Q3 2025
Period end date 9/30/2024 9/30/2025
Net Income / (Loss) Attributable to Common Shareholders
-1.08 -0.58
Consolidated Net Income / (Loss)
-0.68 0.38
Net Income / (Loss) Continuing Operations
-0.68 0.38
Total Pre-Tax Income
3.89 4.46
Total Operating Income
27 37
Total Gross Profit
119 148
Total Revenue
561 708
Operating Revenue
561 708
Total Cost of Revenue
442 560
Operating Cost of Revenue
442 560
Total Operating Expenses
93 111
Selling, General & Admin Expense
67 86
Depreciation Expense
25 24
Restructuring Charge
0.15 0.80
Other Special Charges / (Income)
0.00 0.02
Total Other Income / (Expense), net
-22 -33
Interest Expense
24 34
Interest & Investment Income
1.76 1.09
Other Income / (Expense), net
0.12 0.06
Income Tax Expense
4.56 4.08
Net Income / (Loss) Attributable to Noncontrolling Interest
0.41 0.96
Basic Earnings per Share
$0.00 $0.00
Weighted Average Basic Shares Outstanding
0.00 0.00
Diluted Earnings per Share
$0.00 $0.00
Weighted Average Diluted Shares Outstanding
0.00 0.00
Weighted Average Basic & Diluted Shares Outstanding
- 105.34M

Annual Cash Flow Statements for LGN

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

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
28 -7.75 149
Net Cash From Operating Activities
34 29 257
Net Cash From Continuing Operating Activities
34 29 257
Net Income / (Loss) Continuing Operations
-46 -28 -77
Consolidated Net Income / (Loss)
-46 -28 -77
Depreciation Expense
23 30 32
Amortization Expense
75 86 86
Non-Cash Adjustments To Reconcile Net Income
1.63 -13 53
Changes in Operating Assets and Liabilities, net
-20 -46 163
Net Cash From Investing Activities
-134 -244 -54
Net Cash From Continuing Investing Activities
-134 -244 -54
Purchase of Property, Plant & Equipment
-17 -19 -38
Acquisitions
-120 -225 -16
Sale of Property, Plant & Equipment
0.35 0.27 0.39
Sale and/or Maturity of Investments
2.70 0.00 0.00
Net Cash From Financing Activities
128 207 -54
Net Cash From Continuing Financing Activities
128 207 -54
Repayment of Debt
-18 -22 -862
Repurchase of Common Equity
0.00 -0.20 -28
Payment of Dividends
-1.53 -302 0.00
Issuance of Debt
155 565 60
Issuance of Common Equity
0.00 0.00 780
Other Financing Activities, net
-6.91 -35 -3.84

Quarterly Cash Flow Statements for LGN

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

Metric Q4 2024 Q4 2025
Period end date 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
1.86 54
Net Cash From Operating Activities
6.04 95
Net Cash From Continuing Operating Activities
6.04 95
Net Income / (Loss) Continuing Operations
-18 -55
Consolidated Net Income / (Loss)
-18 -55
Depreciation Expense
8.40 8.22
Amortization Expense
23 21
Non-Cash Adjustments To Reconcile Net Income
-27 59
Changes in Operating Assets and Liabilities, net
20 61
Net Cash From Investing Activities
-11 -29
Net Cash From Continuing Investing Activities
-11 -29
Purchase of Property, Plant & Equipment
-6.23 -13
Acquisitions
-5.13 -16
Sale of Property, Plant & Equipment
0.08 0.16
Net Cash From Financing Activities
7.11 -12
Net Cash From Continuing Financing Activities
7.51 -12
Repayment of Debt
-7.01 -61
Repurchase of Common Equity
-0.20 -6.98
Issuance of Debt
315 57
Other Financing Activities, net
-0.34 -1.15

Annual Balance Sheets for LGN

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

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets
2,353 2,679
Total Current Assets
756 1,110
Cash & Equivalents
81 230
Accounts Receivable
449 584
Prepaid Expenses
39 36
Other Current Assets
188 260
Plant, Property, & Equipment, net
73 0.00
Total Noncurrent Assets
1,523 1,569
Goodwill
781 764
Intangible Assets
624 551
Other Noncurrent Operating Assets
117 253
Total Liabilities & Shareholders' Equity
2,353 2,679
Total Liabilities
2,149 1,891
Total Current Liabilities
411 708
Short-Term Debt
23 17
Accounts Payable
127 246
Accrued Expenses
28 16
Current Employee Benefit Liabilities
55 68
Other Current Liabilities
14 361
Total Noncurrent Liabilities
1,738 1,182
Long-Term Debt
1,586 812
Noncurrent Deferred & Payable Income Tax Liabilities
35 47
Other Noncurrent Operating Liabilities
117 323
Commitments & Contingencies
0.00 0.00
Total Equity & Noncontrolling Interests
204 789
Total Preferred & Common Equity
0.00 392
Preferred Stock
0.00 0.00
Total Common Equity
203 0.00
Common Stock
444 703
Retained Earnings
-250 -310
Accumulated Other Comprehensive Income / (Loss)
9.11 -0.70
Noncontrolling Interest
0.91 397

Quarterly Balance Sheets for LGN

This table presents LGN'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 2025
Period end date 9/30/2025
Total Assets
2,600
Total Current Assets
1,038
Cash & Equivalents
176
Accounts Receivable
588
Prepaid Expenses
39
Other Current Assets
234
Plant, Property, & Equipment, net
81
Total Noncurrent Assets
1,481
Goodwill
783
Intangible Assets
562
Other Noncurrent Operating Assets
136
Total Liabilities & Shareholders' Equity
2,600
Total Liabilities
1,773
Total Current Liabilities
660
Short-Term Debt
16
Accounts Payable
224
Accrued Expenses
26
Current Employee Benefit Liabilities
90
Other Current Liabilities
304
Total Noncurrent Liabilities
1,113
Long-Term Debt
813
Noncurrent Deferred & Payable Income Tax Liabilities
42
Other Noncurrent Operating Liabilities
259
Commitments & Contingencies
0.00
Total Equity & Noncontrolling Interests
827
Total Preferred & Common Equity
388
Preferred Stock
0.00
Total Common Equity
0.00
Common Stock
665
Retained Earnings
-277
Accumulated Other Comprehensive Income / (Loss)
-0.25
Noncontrolling Interest
440

Annual Metrics And Ratios for LGN

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

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
0.00 0.00 105,336,929.00
DEI Adjusted Shares Outstanding
0.00 0.00 105,336,929.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00 -0.57
Growth Metrics
- - -
Profitability Metrics
- - -
Net Operating Profit after Tax (NOPAT)
6.25 49 43
Return On Investment Capital (ROIC_SIMPLE)
- 2.72% 2.66%
Earnings before Interest and Taxes (EBIT)
8.67 63 49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
107 179 167
Valuation Ratios
- - -
Leverage & Solvency
- - -
Liquidity Ratios
- - -
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
0.00 -1,682 387
Efficiency Ratios
- - -
Capital & Investment Metrics
- - -
Invested Capital
0.00 1,731 1,388
Increase / (Decrease) in Invested Capital
0.00 1,731 -344
Book Value per Share
$0.00 $7.80 $0.00
Tangible Book Value per Share
$0.00 ($46.26) ($12.49)
Total Capital
0.00 1,812 1,618
Total Debt
0.00 1,609 829
Total Long-Term Debt
0.00 1,586 812
Net Debt
0.00 1,528 599
Capital Expenditures (CapEx)
17 19 38
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 287 189
Debt-free Net Working Capital (DFNWC)
0.00 368 419
Net Working Capital (NWC)
0.00 345 402
Net Nonoperating Expense (NNE)
52 77 120
Net Nonoperating Obligations (NNO)
0.00 1,528 599
Total Depreciation and Amortization (D&A)
98 116 118
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 0.00
Adjusted Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 108.04M
Normalized Net Operating Profit after Tax (NOPAT)
34 66 66
Debt Service Ratios
- - -
Payout Ratios
- - -

Quarterly Metrics And Ratios for LGN

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

Metric Q3 2024 Q3 2025
Period end date 9/30/2024 9/30/2025
DEI Shares Outstanding
0.00 0.00
DEI Adjusted Shares Outstanding
0.00 0.00
DEI Earnings Per Adjusted Shares Outstanding
0.00 0.00
Growth Metrics
- -
Revenue Growth
0.00% 26.25%
EBITDA Growth
0.00% 16.92%
EBIT Growth
0.00% 37.62%
NOPAT Growth
0.00% 167.50%
Net Income Growth
0.00% 156.07%
EPS Growth
0.00% 0.00%
Operating Cash Flow Growth
0.00% 0.00%
Free Cash Flow Firm Growth
0.00% 0.00%
Invested Capital Growth
0.00% 0.00%
Revenue Q/Q Growth
0.00% 0.00%
EBITDA Q/Q Growth
0.00% 0.00%
EBIT Q/Q Growth
0.00% 0.00%
NOPAT Q/Q Growth
0.00% 0.00%
Net Income Q/Q Growth
0.00% 0.00%
EPS Q/Q Growth
0.00% 0.00%
Operating Cash Flow Q/Q Growth
0.00% 0.00%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00%
Invested Capital Q/Q Growth
0.00% 0.00%
Profitability Metrics
- -
Gross Margin
21.14% 20.91%
EBITDA Margin
9.37% 8.68%
Operating Margin
4.81% 5.25%
EBIT Margin
4.83% 5.26%
Profit (Net Income) Margin
-0.12% 0.05%
Tax Burden Percent
-17.39% 8.50%
Interest Burden Percent
14.36% 11.96%
Effective Tax Rate
117.39% 91.50%
Return on Invested Capital (ROIC)
0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00%
Return on Equity (ROE)
0.00% 0.00%
Cash Return on Invested Capital (CROIC)
0.00% 0.00%
Operating Return on Assets (OROA)
0.00% 0.00%
Return on Assets (ROA)
0.00% 0.00%
Return on Common Equity (ROCE)
0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
-4.69 3.16
NOPAT Margin
-0.84% 0.45%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.85%
Return On Investment Capital (ROIC_SIMPLE)
- 0.19%
Cost of Revenue to Revenue
78.86% 79.09%
SG&A Expenses to Revenue
11.98% 12.13%
R&D to Revenue
0.00% 0.00%
Operating Expenses to Revenue
16.55% 15.66%
Earnings before Interest and Taxes (EBIT)
27 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
53 61
Valuation Ratios
- -
Price to Book Value (P/BV)
0.00 0.00
Price to Tangible Book Value (P/TBV)
0.00 0.00
Price to Revenue (P/Rev)
0.00 0.00
Price to Earnings (P/E)
0.00 0.00
Dividend Yield
0.00% 0.00%
Earnings Yield
0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00
Leverage & Solvency
- -
Debt to Equity
0.00 1.00
Long-Term Debt to Equity
0.00 0.98
Financial Leverage
0.00 0.79
Leverage Ratio
0.00 3.14
Compound Leverage Factor
0.00 0.38
Debt to Total Capital
0.00% 50.04%
Short-Term Debt to Total Capital
0.00% 0.98%
Long-Term Debt to Total Capital
0.00% 49.06%
Preferred Equity to Total Capital
0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 26.54%
Common Equity to Total Capital
0.00% 0.00%
Debt to EBITDA
0.00 0.00
Net Debt to EBITDA
0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00
Debt to NOPAT
0.00 0.00
Net Debt to NOPAT
0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00
Altman Z-Score
0.00 0.00
Noncontrolling Interest Sharing Ratio
0.00% 0.00%
Liquidity Ratios
- -
Current Ratio
0.00 1.57
Quick Ratio
0.00 1.16
Cash Flow Metrics
- -
Free Cash Flow to Firm (FCFF)
0.00 -1,477
Operating Cash Flow to CapEx
0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 -43.62
Operating Cash Flow to Interest Expense
0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00
Efficiency Ratios
- -
Asset Turnover
0.00 0.00
Accounts Receivable Turnover
0.00 0.00
Inventory Turnover
0.00 0.00
Fixed Asset Turnover
0.00 0.00
Accounts Payable Turnover
0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00
Capital & Investment Metrics
- -
Invested Capital
0.00 1,480
Invested Capital Turnover
0.00 0.00
Increase / (Decrease) in Invested Capital
0.00 1,480
Enterprise Value (EV)
0.00 0.00
Market Capitalization
728 0.00
Book Value per Share
$0.00 $0.00
Tangible Book Value per Share
$0.00 ($12.77)
Total Capital
0.00 1,656
Total Debt
0.00 829
Total Long-Term Debt
0.00 813
Net Debt
0.00 653
Capital Expenditures (CapEx)
0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 218
Debt-free Net Working Capital (DFNWC)
0.00 394
Net Working Capital (NWC)
0.00 378
Net Nonoperating Expense (NNE)
-4.01 2.78
Net Nonoperating Obligations (NNO)
0.00 653
Total Depreciation and Amortization (D&A)
25 24
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00%
Debt-free Net Working Capital to Revenue
0.00% 0.00%
Net Working Capital to Revenue
0.00% 0.00%
Earnings Adjustments
- -
Adjusted Basic Earnings per Share
$0.00 $0.00
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00
Adjusted Diluted Earnings per Share
$0.00 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 105.34M
Normalized Net Operating Profit after Tax (NOPAT)
19 27
Normalized NOPAT Margin
3.38% 3.76%
Pre Tax Income Margin
0.69% 0.63%
Debt Service Ratios
- -
EBIT to Interest Expense
1.14 1.10
NOPAT to Interest Expense
-0.20 0.09
EBIT Less CapEx to Interest Expense
0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00
Payout Ratios
- -
Dividend Payout Ratio
0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

LGN (Legence Corp.) has a mixed near-term picture. The company shows a strong swing in operating cash flow and solid revenue growth, but remains challenged by a large net loss in the latest quarter and a substantial debt load. Below are the key trends drawn from the last four years of statements, with the most relevant items highlighted.

  • Operating cash flow from continuing activities in Q4 2025 jumped to about $94.7 million, up from roughly $6.0 million in Q4 2024, driven by substantial non-cash adjustments and favorable changes in working capital.
  • Revenue growth: Q3 2025 revenue rose to $708.0 million from $560.8 million in Q3 2024, roughly a 26% year-over-year increase.
  • Gross profit increased to roughly $148.1 million in Q3 2025, with gross margin around 21%, compared with about 21% in the prior year quarter, indicating maintained gross profitability on higher sales.
  • Small but positive net income from continuing operations in Q3 2025: roughly $0.38 million versus a loss of about $1.08 million in Q3 2024, signaling an improving profitability trajectory at the operating level.
  • Liquidity on the balance sheet appears solid for the period: cash of about $176.0 million and total current assets of roughly $1.038 billion against current liabilities of about $659.99 million (current ratio ≈ 1.6x).
  • Debt management activity in Q4 2025 shows issuance of debt (+$57.1 million) and repayments (-$60.5 million), yielding a net financing flow of about -$11.5 million—a sign of ongoing liability management and refinancing ability.
  • Investing activity remains cash-consuming due to capex and acquisitions in the quarter (PPE purchases around $13.2 million and acquisitions around $16.0 million), contributing to net cash used in investing of about $29.1 million.
  • Net income for the quarter remained negative: consolidated net income / loss about $-54.7 million, underscoring ongoing profitability challenges despite cash flow improvements.
  • Leverage remains a risk: long-term debt stood at about $812.6 million, with interest expense around $33.9 million in Q3 2025, which could pressure margins if earnings do not rise further.
05/06/26 10:58 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About LGN's Financials

When does LGN's financial year end?

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

How has LGN's net income changed over the last 2 years?

LGN's net income appears to be on an upward trend, with a most recent value of -$77.30 million in 2025, rising from -$46.03 million in 2023. The previous period was -$27.64 million in 2024. Check out LGN's forecast to explore projected trends and price targets.

What is LGN's operating income?
LGN's total operating income in 2025 was $61.58 million, based on the following breakdown:
  • Total Gross Profit: $535.93 million
  • Total Operating Expenses: $475.79 million
How has LGN's revenue changed over the last 2 years?

Over the last 2 years, LGN's total revenue changed from $1.62 billion in 2023 to $2.55 billion in 2025, a change of 57.9%.

How much debt does LGN have?

LGN's total liabilities were at $1.89 billion at the end of 2025, a 12.0% decrease from 2024, and a 12.0% decrease since 2024.

How much cash does LGN have?

In the past 1 years, LGN's cash and equivalents has ranged from $81.17 million in 2024 to $230.17 million in 2025, and is currently $230.17 million as of their latest financial filing in 2025.

How has LGN's book value per share changed over the last 2 years?

Over the last 2 years, LGN's book value per share changed from 0.00 in 2023 to 0.00 in 2025, a change of 0.0%.



Financial statements for NASDAQ:LGN last updated on 4/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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