LGN financial statements
The full income statement, balance sheet, and cash-flow statement for Legence Corp. (LGN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 2.55B+21.5% | 2.10B+29.9% | 1.62B | |
| 536M+24.4% | 431M+36.7% | 315M | ||
| Cost of revenue | 2.01B+20.8% | 1.67B+28.3% | 1.30B | |
| Selling, general & administrative | 343M+41.1% | 243M+30.5% | 186M | |
| Amortization of intangibles | 82.3M+1.7% | 81.0M+15.6% | 70.1M | |
| Operating income | 61.6M-12.5% | 70.4M+585.7% | 10.3M | |
| Interest expense | 102M+11.1% | 91.6M+34.3% | 68.2M | |
| Interest & investment income | 4.49M-17.9% | 5.46M+28.6% | 4.25M | |
| Other non-operating income | -6.48M-1470.2% | 473K+284.0% | -257K | |
| Equity-method income | 1.44M-52.9% | 3.06M+130.5% | 1.33M | |
| Pre-tax income | -55.1M-138.5% | -23.1M+57.1% | -53.9M | |
| Income tax | 22.2M+390.2% | 4.52M+157.1% | -7.92M | |
| -59.8M-109.4% | -28.6M+38.0% | -46.0M | ||
| Net income to non-controlling interest | -17.5M-2021.4% | 912K | 0.00 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 1.11B+46.8% | 756M | — | ||
| Cash & equivalents | 230M+183.6% | 81.2M | — | |
| Accounts receivable | 584M+30.2% | 449M | — | |
| Inventory | 11.3M+10.3% | 10.2M | — | |
| Prepaid expenses | 36.2M-6.0% | 38.5M | — | |
| 2.68B+13.9% | 2.35B | — | ||
| Property, plant & equipment | — | 73.4M | — | |
| Operating lease right-of-use | 117M+28.8% | 90.9M | — | |
| Goodwill | 764M-2.2% | 781M+15.6% | 676M | |
| Intangible assets | 551M-11.7% | 624M | — | |
| Other non-current assets | 43.8M+66.4% | 26.3M | — | |
| 708M+72.3% | 411M | — | ||
| Accounts payable | 246M+94.6% | 127M | — | |
| Accrued liabilities | 16.5M-42.2% | 28.5M | — | |
| Deferred revenue | 339M+106.8% | 164M-0.3% | 165M | |
| Short-term & current debt | 16.7M-27.4% | 23.0M | — | |
| Current lease liability | 21.3M+47.9% | 14.4M | — | |
| Finance lease liability (current) | 3.75M+47.1% | 2.55M | — | |
| 1.89B-12.0% | 2.15B | — | ||
| Long-term debt | 812M-48.8% | 1.59B | — | |
| Non-current lease liability | 104M+28.6% | 80.7M | — | |
| Operating lease liability (total) | 125M | — | — | |
| Finance lease liability (total) | 10.6M+47.5% | 7.22M | — | |
| Finance lease liability | 6.89M+47.7% | 4.67M | — | |
| Deferred tax liabilities | 46.7M+31.9% | 35.4M | — | |
| Other non-current liabilities | 12.1M-66.2% | 35.9M | — | |
| 392M | — | — | ||
| Preferred stock | 0.00 | — | — | |
| Additional paid-in capital | 702M | — | — | |
| Retained earnings | -310M-23.9% | -250M | — | |
| Accumulated other comprehensive income | -698K-107.7% | 9.11M | — | |
| Non-controlling interest | 397M | — | — | |
| Total equity incl. non-controlling | 789M | — | — | |
| Total liabilities & equity | 2.68B+13.9% | 2.35B | — | |
| Common shares outstanding | 105M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 257M+777.7% | 29.3M-13.7% | 33.9M | ||
| Depreciation & amortization | 100M+3.3% | 97.2M+21.1% | 80.2M | |
| Intangible amortization | 82.3M+1.7% | 81.0M+15.6% | 70.1M | |
| Share-based compensation | 67.5M+1148.4% | 5.41M-46.2% | 10.1M | |
| Deferred income taxes | 15.3M+211.6% | -13.7M-2.8% | -13.3M | |
| Change in receivables | 130M+824.4% | -18.0M-122.2% | 81.0M | |
| -54.0M+77.8% | -244M-82.2% | -134M | ||
| Capital expenditure | 37.9M+99.6% | 19.0M+11.3% | 17.1M | |
| Free cash flow | 219M+2033.8% | 10.3M-39.1% | 16.8M | |
| Acquisitions | 16.5M-92.7% | 225M+87.9% | 120M | |
| Proceeds from sale of PP&E | 390K+45.0% | 269K-23.8% | 353K | |
| -53.8M-126.0% | 207M+61.1% | 128M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 149M+2021.8% | -7.75M-127.2% | 28.5M | |
| Interest paid | 96.9M+13.1% | 85.7M+38.6% | 61.8M | |
| Income taxes paid | 16.4M-6.0% | 17.5M+72.2% | 10.2M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 4.53B | — | — | |
| P/S | 1.8× | — | — | |
| P/B | 11.6× | — | — | |
| P/FCF | 20.7× | — | — | |
| FCF yield | 4.8% | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: LGN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LGN filings on SEC EDGAR → Not investment advice.