Symbols / LGN Stock $81.77 +1.48% Legence Corp.

Industrials • Engineering & Construction • United States • NMS
LGN (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Industrials
Industry Engineering & Construction
CEO Mr. Jeffrey Sprau
Exch · Country NMS · United States
Market Cap 13.43B
Enterprise Value 6.55B
Income -33.80M
Sales 2.55B
FCF (ttm) 228.34M
Book/sh 6.14
Cash/sh 3.42
Employees 7,000
Insider 10d —
IPO Sep 12, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 59.22
PEG —
P/S 5.27
P/B 13.31
P/C —
EV/EBITDA 31.19
EV/Sales 2.57
Quick Ratio 1.52
Current Ratio 1.57
Debt/Eq 121.11
LT Debt/Eq —
EPS (ttm) -0.57
EPS next Y 1.38
EPS Growth —
Revenue Growth 34.60%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-15
Earnings (prior) 2026-03-27
ROA 2.38%
ROE -15.58%
ROIC —
Gross Margin 21.01%
Oper. Margin 1.18%
Profit Margin -2.34%
Shs Outstand 76.87M
Shs Float 47.08M
Insider Own 0.28%
Instit Own 111.39%
Short Float 5.96%
Short Ratio 1.52
Short Interest 3.08M
52W High 82.58
vs 52W High -0.98%
52W Low 26.96
vs 52W Low 203.30%
Beta —
Impl. Vol. 1.56%
Rel Volume 0.04
Avg Volume 1.52M
Volume 53.31K
Target (mean) $67.99
Tgt Median $65.00
Tgt Low $45.00
Tgt High $88.00
# Analysts 16
Recom Strong_buy
Prev Close $80.58
Price $81.77
Change 1.48%
About

Legence Corp. provides engineering, installation, and maintenance services for mission-critical systems in buildings in the United States. The company operates through two segments, Engineering & Consulting, and Installation & Maintenance. The Engineering & Consulting segment designs HVAC and other MEP systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable and provides program and project management services for client's installation and retrofit projects. This segment also offers engineering & design and program and project management services. The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings and provides ongoing preventative and corrective maintenance services, emergency repair, and break-fix services, as well as facility energy analysis, automation, optimization, and system certification and testing. It serves data centers, technology, life sciences, healthcare, education, mixed-use, state and local government, and other markets. The company was founded in 1914 and is based in San Jose, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$67.99
Mean price target
2. Current target
$81.77
Latest analyst target
3. DCF / Fair value
$53.47
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$81.77
Low
$45.00
High
$88.00
Mean
$67.99

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-29 init Loop Capital — → Buy $96
2026-04-21 init GLJ Research — → Buy $99
2026-04-16 main Tigress Financial Buy → Buy $85
2026-04-16 main Goldman Sachs Buy → Buy $72
2026-03-31 main Stifel Buy → Buy $60
2026-03-30 main Goldman Sachs Buy → Buy $63
2026-03-30 main RBC Capital Outperform → Outperform $64
2026-03-30 main Guggenheim Buy → Buy $74
2026-03-30 main BMO Capital Outperform → Outperform $63
2026-03-27 main BTIG Buy → Buy $75
2026-03-27 main Tigress Financial Buy → Buy $60
2026-03-26 main Guggenheim Buy → Buy $68
2026-01-28 main Goldman Sachs Buy → Buy $52
2026-01-26 main Stifel Buy → Buy $58
2026-01-23 main Barclays Equal-Weight → Equal-Weight $45
2026-01-22 main Tigress Financial Buy → Buy $60
2025-12-16 main Stifel Buy → Buy $50
2025-11-21 init Tigress Financial — → Buy $54
2025-11-18 main Stifel Buy → Buy $47
2025-11-18 up Jefferies Hold → Buy $49
News
RSS: Latest LGN news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-16 BUTZ STEPHEN M Chief Financial Officer — 9,762 $0.00 $0
2026-03-16 SEKI BRYCE TADAHIRO General Counsel — 4,393 $0.00 $0
2026-03-16 SPRAU JEFFREY Chief Executive Officer — 34,167 $0.00 $0
2026-03-16 BARNES GREGORY Officer — 4,393 $0.00 $0
2026-03-16 LE BRIS PHILIPPE Officer — 1,952 $0.00 $0
2026-03-16 HANSEN STEPHEN DALE Chief Operating Officer — 8,298 $0.00 $0
2026-03-16 SCHWARTZ JUSTIN Officer — 3,905 $0.00 $0
2026-01-08 BLACKSTONE EMA III LLC Beneficial Owner of more than 10% of a Class of Security — 1,260,326 $45.00 $56,714,670
2026-01-08 BLACKSTONE EMA III LLC Beneficial Owner of more than 10% of a Class of Security — 780,121 — —
2025-12-16 BLACKSTONE EMA III LLC Beneficial Owner of more than 10% of a Class of Security — 8,402,178 $45.00 $378,098,010
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,550.49
+21.53%
2,098.60
+29.94%
1,615.06
+29.57%
1,246.50
Operating Revenue
2,550.49
+21.53%
2,098.60
+29.94%
1,615.06
+29.57%
1,246.50
Cost Of Revenue
2,014.57
+20.79%
1,667.84
+28.30%
1,299.92
+28.35%
1,012.79
Reconciled Cost Of Revenue
2,000.64
+20.95%
1,654.14
+28.49%
1,287.36
+28.44%
1,002.29
Gross Profit
535.92
+24.41%
430.77
+36.69%
315.15
+34.85%
233.71
Operating Expense
442.99
+30.28%
340.04
+27.69%
266.30
+18.58%
224.56
Selling General And Administration
342.63
+41.06%
242.89
+30.54%
186.06
+30.98%
142.05
Total Expenses
2,457.56
+22.40%
2,007.88
+28.20%
1,566.21
+26.58%
1,237.36
Operating Income
92.93
+2.43%
90.73
+85.74%
48.85
+434.37%
9.14
Total Operating Income As Reported
61.58
-12.46%
70.35
+585.68%
10.26
+142.31%
-24.25
EBITDA
160.92
-10.27%
179.34
+67.52%
107.05
+54.71%
69.19
Normalized EBITDA
200.37
-1.19%
202.77
+37.97%
146.97
+43.27%
102.58
Reconciled Depreciation
114.29
+3.10%
110.85
+19.45%
92.80
-0.24%
93.02
EBIT
46.64
-31.91%
68.49
+380.54%
14.25
+159.82%
-23.82
Total Unusual Items
-39.45
-68.30%
-23.44
+41.28%
-39.92
-19.55%
-33.39
Total Unusual Items Excluding Goodwill
-39.45
-68.30%
-23.44
+41.28%
-39.92
-19.55%
-33.39
Special Income Charges
-39.45
-68.30%
-23.44
+41.28%
-39.92
-19.55%
-33.39
Other Special Charges
6.65
-38.48%
10.81
—
—
Impairment Of Capital Assets
27.38
+53.79%
17.80
+252.48%
5.05
-78.45%
23.44
Restructuring And Mergern Acquisition
5.74
+1.86%
5.63
-83.84%
34.87
+250.44%
9.95
Net Income
-59.78
-109.35%
-28.55
+37.96%
-46.03
+44.06%
-82.27
Pretax Income
-55.14
-138.48%
-23.12
+57.14%
-53.94
+27.75%
-74.66
Net Non Operating Interest Income Expense
-97.29
-12.94%
-86.14
-34.71%
-63.95
-26.38%
-50.60
Interest Expense Non Operating
101.78
+11.10%
91.61
+34.33%
68.20
+34.15%
50.84
Net Interest Income
-97.29
-12.94%
-86.14
-34.71%
-63.95
-26.38%
-50.60
Interest Expense
101.78
+11.10%
91.61
+34.33%
68.20
+34.15%
50.84
Interest Income Non Operating
4.49
-17.86%
5.46
+28.59%
4.25
+1700.42%
0.24
Interest Income
4.49
-17.86%
5.46
+28.59%
4.25
+1700.42%
0.24
Other Income Expense
-50.78
-83.32%
-27.70
+28.68%
-38.84
-16.99%
-33.20
Other Non Operating Income Expenses
-12.78
-74.44%
-7.33
-2751.36%
-0.26
-237.43%
0.19
Tax Provision
22.16
+390.18%
4.52
+157.10%
-7.92
-204.01%
7.61
Tax Rate For Calcs
0.00
+0.00%
0.00
+44.83%
0.00
-30.95%
0.00
Tax Effect Of Unusual Items
-8.28
-68.30%
-4.92
+14.96%
-5.79
+17.45%
-7.01
Net Income Including Noncontrolling Interests
-77.30
-179.65%
-27.64
+39.94%
-46.03
+44.06%
-82.27
Net Income From Continuing Operation Net Minority Interest
-59.78
-109.35%
-28.55
+37.96%
-46.03
+44.06%
-82.27
Net Income From Continuing And Discontinued Operation
-59.78
-109.35%
-28.55
+37.96%
-46.03
+44.06%
-82.27
Net Income Continuous Operations
-77.30
-179.65%
-27.64
+39.94%
-46.03
+44.06%
-82.27
Minority Interests
17.52
+2021.38%
-0.91
0.00
0.00
Normalized Income
-28.62
-185.07%
-10.04
+15.62%
-11.90
+78.71%
-55.90
Net Income Common Stockholders
-59.78
-109.35%
-28.55
+37.96%
-46.03
+44.06%
-82.27
Diluted EPS
-0.57
-10.26%
-0.52
+37.96%
-0.83
-3.00%
-0.81
Basic EPS
-0.57
-10.26%
-0.52
+37.96%
-0.83
-3.00%
-0.81
Basic Average Shares
59.38
+7.50%
55.24
+0.00%
55.24
-45.69%
101.70
Diluted Average Shares
59.38
-41.77%
101.97
+0.00%
101.97
+0.26%
101.70
Diluted NI Availto Com Stockholders
-59.78
-109.35%
-28.55
+37.96%
-46.03
+44.06%
-82.27
Depreciation Amortization Depletion Income Statement
100.36
+3.31%
97.15
+21.08%
80.24
-2.75%
82.51
Depreciation And Amortization In Income Statement
100.36
+3.31%
97.15
+21.08%
80.24
-2.75%
82.51
Earnings From Equity Interest
1.44
-52.89%
3.06
+130.47%
1.33
0.00
Gain On Sale Of PPE
0.33
0.00
0.00
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
2,679.40
+13.90%
2,352.50
+10.65%
2,126.14
Current Assets
1,110.35
+46.79%
756.41
+9.84%
688.67
Cash Cash Equivalents And Short Term Investments
230.17
+183.57%
81.17
-8.72%
88.92
Cash And Cash Equivalents
230.17
+183.57%
81.17
-8.72%
88.92
Receivables
844.00
+32.55%
636.74
+16.18%
548.07
Accounts Receivable
14.25
+89.95%
7.50
-4.03%
7.82
Other Receivables
829.75
+31.87%
629.24
+16.47%
540.25
Inventory
11.30
+10.31%
10.25
+2.43%
10.00
Prepaid Assets
22.60
+19.50%
18.91
+5.94%
17.85
Current Deferred Assets
2.24
-35.88%
3.49
+96.12%
1.78
Restricted Cash
—
0.00
0.00
Hedging Assets Current
0.04
-99.28%
5.86
-73.42%
22.05
Total Non Current Assets
1,569.05
-1.69%
1,596.09
+11.03%
1,437.47
Net PPE
209.47
+27.49%
164.30
+19.04%
138.02
Gross PPE
308.12
+31.13%
234.98
+29.65%
181.24
Accumulated Depreciation
-98.65
-39.58%
-70.68
-63.52%
-43.22
Properties
0.00
0.00
0.00
Machinery Furniture Equipment
91.38
+12.48%
81.24
+17.86%
68.92
Construction In Progress
10.59
+1791.25%
0.56
-40.30%
0.94
Other Properties
177.93
+36.14%
130.69
+35.73%
96.29
Leases
28.23
+25.52%
22.49
+49.03%
15.09
Goodwill And Other Intangible Assets
1,315.76
-6.38%
1,405.44
+8.60%
1,294.18
Goodwill
764.34
-2.16%
781.19
+15.56%
676.03
Other Intangible Assets
551.42
-11.67%
624.25
+0.99%
618.15
Other Non Current Assets
43.82
+66.38%
26.34
+399.68%
5.27
Total Liabilities Net Minority Interest
1,890.60
-12.02%
2,148.91
+34.04%
1,603.21
Current Liabilities
708.16
+72.26%
411.11
-6.47%
439.56
Payables And Accrued Expenses
262.64
+69.45%
154.99
+15.20%
134.54
Payables
246.16
+94.59%
126.50
+17.80%
107.39
Accounts Payable
246.16
+94.59%
126.50
+17.80%
107.39
Current Accrued Expenses
16.48
-42.17%
28.49
+4.93%
27.15
Pensionand Other Post Retirement Benefit Plans Current
68.06
+24.66%
54.60
+10.78%
49.29
Current Debt And Capital Lease Obligation
37.99
+1.63%
37.39
+46.99%
25.43
Current Debt
16.69
-27.37%
22.98
+47.26%
15.61
Other Current Borrowings
16.69
-27.37%
22.98
+47.26%
15.61
Current Capital Lease Obligation
21.30
+47.90%
14.40
+46.56%
9.83
Current Deferred Liabilities
339.46
+106.83%
164.13
-0.28%
164.60
Current Deferred Revenue
339.46
+106.83%
164.13
-0.28%
164.60
Other Current Liabilities
—
—
65.70
Total Non Current Liabilities Net Minority Interest
1,182.44
-31.96%
1,737.80
+49.34%
1,163.65
Long Term Debt And Capital Lease Obligation
1,123.61
-32.58%
1,666.52
+52.43%
1,093.32
Long Term Debt
1,019.85
-35.69%
1,585.85
+53.17%
1,035.34
Long Term Capital Lease Obligation
103.76
+28.63%
80.67
+39.13%
57.98
Non Current Deferred Liabilities
46.71
+31.86%
35.43
-27.21%
48.67
Non Current Deferred Taxes Liabilities
46.71
+31.86%
35.43
-27.21%
48.67
Other Non Current Liabilities
12.12
-66.19%
35.86
+65.56%
21.66
Stockholders Equity
702.84
0.00
0.00
Common Stock Equity
702.84
0.00
-100.00%
522.93
Capital Stock
1.05
0.00
—
Common Stock
1.05
0.00
—
Preferred Stock
0.00
0.00
—
Share Issued
63.86
+16.06%
55.02
+0.00%
55.02
Ordinary Shares Number
63.86
+16.06%
55.02
+0.00%
55.02
Additional Paid In Capital
701.79
0.00
—
Retained Earnings
-309.95
-23.90%
-250.17
-12.89%
-221.61
Gains Losses Not Affecting Retained Earnings
-0.70
-107.66%
9.11
-58.90%
22.17
Minority Interest
396.60
+43386.62%
0.91
0.00
Total Equity Gross Minority Interest
788.79
+287.44%
203.59
-61.07%
522.93
Total Capitalization
1,412.04
-21.05%
1,788.53
+14.78%
1,558.27
Working Capital
402.19
+16.47%
345.31
+38.62%
249.11
Invested Capital
1,739.38
+8.11%
1,608.83
+2.22%
1,573.88
Total Debt
1,161.60
-31.83%
1,703.90
+52.30%
1,118.76
Net Debt
806.37
-47.22%
1,527.66
+58.80%
962.03
Capital Lease Obligations
125.06
+31.55%
95.07
+40.21%
67.81
Net Tangible Assets
-612.91
+56.39%
-1,405.44
-8.60%
-1,294.18
Tangible Book Value
-612.91
+56.39%
-1,405.44
-82.23%
-771.25
Limited Partnership Capital
0.00
-100.00%
443.74
-38.57%
722.38
Total Partnership Capital
-310.65
-253.27%
202.68
-61.24%
522.93
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
256.87
+777.66%
29.27
-13.71%
33.92
+25.64%
27.00
Cash Flow From Continuing Operating Activities
256.87
+777.66%
29.27
-13.71%
33.92
+25.64%
27.00
Net Income From Continuing Operations
-77.30
-179.65%
-27.64
+39.94%
-46.03
+44.06%
-82.27
Depreciation Amortization Depletion
114.29
+3.10%
110.85
+19.45%
92.80
-0.24%
93.02
Depreciation
31.95
+6.91%
29.88
+31.45%
22.73
+37.28%
16.56
Amortization Cash Flow
82.34
+1.70%
80.97
+15.55%
70.07
-8.36%
76.46
Depreciation And Amortization
114.29
+3.10%
110.85
+19.45%
92.80
-0.24%
93.02
Amortization Of Intangibles
82.34
+1.70%
80.97
+15.55%
70.07
-8.36%
76.46
Other Non Cash Items
22.92
+4.68%
21.89
-52.74%
46.32
+146.80%
18.77
Stock Based Compensation
67.55
+1148.38%
5.41
-46.16%
10.05
+93.85%
5.18
Asset Impairment Charge
27.38
+53.79%
17.80
+252.48%
5.05
-78.45%
23.44
Deferred Tax
18.20
+232.82%
-13.70
-2.76%
-13.34
-429.28%
4.05
Deferred Income Tax
18.20
+232.82%
-13.70
-2.76%
-13.34
-429.28%
4.05
Operating Gains Losses
6.91
+434.85%
-2.06
—
—
Change In Working Capital
76.93
+192.38%
-83.28
-36.64%
-60.95
-73.17%
-35.19
Change In Receivables
-201.25
-509.13%
-33.04
+68.43%
-104.66
-7.72%
-97.16
Changes In Account Receivables
-130.07
-824.42%
17.95
+122.17%
-80.98
+15.00%
-95.26
Change In Prepaid Assets
2.93
-34.88%
4.50
+37.81%
3.26
+221.65%
-2.68
Change In Payables And Accrued Expense
116.24
+504.78%
-28.72
-1105.85%
2.85
-86.88%
21.77
Change In Accrued Expense
-1.67
+95.77%
-39.42
-600.52%
7.88
+75.39%
4.49
Change In Payable
117.91
+1002.07%
10.70
+313.13%
-5.02
-129.06%
17.27
Change In Account Payable
117.91
+1002.07%
10.70
+313.13%
-5.02
-129.06%
17.27
Change In Other Working Capital
174.30
+1230.62%
-15.42
-133.35%
46.23
-5.74%
49.04
Change In Other Current Liabilities
-15.28
-44.11%
-10.60
-22.82%
-8.63
-40.17%
-6.16
Investing Cash Flow
-54.05
+77.85%
-243.99
-82.21%
-133.90
+16.51%
-160.38
Cash Flow From Continuing Investing Activities
-54.05
+77.85%
-243.99
-82.21%
-133.90
+16.51%
-160.38
Net PPE Purchase And Sale
-37.55
-100.38%
-18.74
-12.08%
-16.72
+36.24%
-26.22
Purchase Of PPE
-37.94
-99.60%
-19.01
-11.33%
-17.07
+35.11%
-26.31
Sale Of PPE
0.39
+44.98%
0.27
-23.80%
0.35
+301.14%
0.09
Capital Expenditure
-37.94
-99.60%
-19.01
-11.33%
-17.07
+35.11%
-26.31
Net Business Purchase And Sale
-16.50
+92.68%
-225.25
-92.22%
-117.18
+12.65%
-134.15
Purchase Of Business
-16.50
+92.68%
-225.25
-87.89%
-119.88
+10.64%
-134.15
Financing Cash Flow
-53.83
-126.01%
206.96
+61.10%
128.47
-26.08%
173.81
Cash Flow From Continuing Financing Activities
-53.83
-126.01%
206.96
+61.10%
128.47
-26.08%
173.81
Net Issuance Payments Of Debt
-804.30
-248.29%
542.37
+291.70%
138.47
+0.17%
138.23
Issuance Of Debt
59.64
-89.44%
565.00
+264.52%
155.00
-8.66%
169.70
Repayment Of Debt
-863.93
-3718.16%
-22.63
-36.86%
-16.53
+47.47%
-31.47
Long Term Debt Issuance
59.64
-89.44%
565.00
+264.52%
155.00
+3.71%
149.45
Long Term Debt Payments
-863.93
-3718.16%
-22.63
-36.86%
-16.53
-47.30%
-11.22
Net Long Term Debt Issuance
-804.30
-248.29%
542.37
+291.70%
138.47
+0.17%
138.23
Short Term Debt Issuance
—
0.00
0.00
-100.00%
20.25
Short Term Debt Payments
—
0.00
0.00
+100.00%
-20.25
Net Short Term Debt Issuance
—
0.00
0.00
0.00
Net Common Stock Issuance
780.24
0.00
0.00
-100.00%
41.73
Cash Dividends Paid
0.00
+100.00%
-301.61
-19652.06%
-1.53
-469.78%
-0.27
Net Other Financing Charges
-29.77
+11.91%
-33.80
-299.04%
-8.47
-43.98%
-5.88
Changes In Cash
149.00
+2021.82%
-7.75
-127.22%
28.49
-29.54%
40.43
Beginning Cash Position
81.17
-8.72%
88.92
+47.14%
60.43
+202.08%
20.01
End Cash Position
230.17
+183.57%
81.17
-8.72%
88.92
+47.14%
60.43
Free Cash Flow
218.93
+2033.85%
10.26
-39.09%
16.84
+2362.57%
0.68
Interest Paid Supplemental Data
96.88
+13.10%
85.66
+38.63%
61.79
+38.41%
44.65
Income Tax Paid Supplemental Data
16.44
-6.02%
17.50
+72.20%
10.16
+1485.02%
0.64
Common Stock Issuance
780.24
0.00
0.00
-100.00%
41.73
Earnings Losses From Equity Investments
0.26
+112.46%
-2.06
0.00
0.00
Issuance Of Capital Stock
780.24
0.00
0.00
-100.00%
41.73
Sale Of Business
0.00
0.00
-100.00%
2.70
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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