Legence Corp.
LGNNasdaqIndustrials · Construction - Special Trade Contractors · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Revenue | $2.55B | $2.10B | $1.62B |
| Operating income | $61.6M | $70.4M | $10.3M |
| Net income | −$59.8M | −$28.6M | −$46.0M |
| Total assets | $2.68B | $2.35B | — |
| Total liabilities | $1.89B | $2.15B | — |
| Equity | $392.2M | — | — |
| EPS (diluted) | $-0.57 | — | — |
| Shares out. | 59.4M | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 2.4%
- Net margin
- −2.3%
- Return on equity
- −15.2%
- Return on assets
- −2.2%
- Return on capital (ROCE)
- 3.1%
- Liabilities / assets
- 70.6%
- Debt / equity
- 4.82×
- Book value / share
- $6.60
- Revenue growth (YoY)
- 21.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.98distress
- Accruals / assets
- −11.8%clean
- Piotroski F-Score
- 4/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 4 good- Altman Z″ in the distress zone
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Fmr LlcPassive (13G)May 6, 2026
- Legence Parent LlcPassive (13G)May 1, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Hansen Stephen DaleOfficer — Chief Operating Officer | Mar 16, 2026 | Grant | 8,298 | $0.00 |
| Butz Stephen MOfficer — Chief Financial Officer | Mar 16, 2026 | Grant | 9,762 | $0.00 |
| Schwartz JustinOfficer — Chief Strategy Officer | Mar 16, 2026 | Grant | 3,905 | $0.00 |
| Blackstone Ema Iii L.L.C.10% owner | Jan 8, 2026 | Conversion | 780,121 | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3.4M | 1.8 | -3.8% |
| Apr 30, 2026 | 3.5M | 2.0 | +15.2% |
| Apr 15, 2026 | 3.1M | 1.0 | -17.3% |
| Mar 31, 2026 | 3.7M | 3.3 | +6.1% |
| Mar 13, 2026 | 3.5M | 4.0 | -19.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 14, 2026
- Results of operationsMar 27, 2026
- Entered a material agreement · Completed an acquisition or disposition · New financial obligation · Unregistered equity sale · Regulation FD disclosureJan 2, 2026
- Director / officer changeDec 5, 2025
- Change in control · Other material eventNov 21, 2025
- Results of operationsNov 14, 2025
- Entered a material agreement · Unregistered equity sale · Regulation FD disclosureNov 14, 2025
- Entered a material agreement · New financial obligationOct 30, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 10-QMay 14, 2026
- 8-KMay 14, 2026
- SCHEDULE 13G/AMay 6, 2026
- SCHEDULE 13G/AMay 1, 2026
- ARSApr 29, 2026
- DEFA14AApr 29, 2026
- DEF 14AApr 29, 2026
- 4Apr 9, 2026
- 4Apr 9, 2026
- 424B4Apr 8, 2026
- EFFECTApr 7, 2026
- S-1MEFApr 7, 2026
- CORRESPApr 6, 2026
- CORRESPApr 6, 2026
- S-1FORM S-1Apr 6, 2026
Event-driven situations (1)
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