Is the business good?
How good a business is LGN?
Legence Corp. earns 1.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
1.7%
Return on invested capital · cost of capital 9.0% · 7.3 points below what the capital costs: growth destroys value
- Operating margin
- 0.79%
Operating margin · Engineering & Construction median 7.4% · 12 months to Q2 2026
- Gross margin
- 19%
Gross margin
| Year | Operating margin |
|---|---|
| FY2023 | 0.64% |
| FY2024 | 3.4% |
| FY2025 | 2.4% |
Details›
- Gross margin12 months to Q2 2026
- 19%
- Operating margin12 months to Q2 2026
- 0.79%
- Net margin12 months to Q2 2026
- −1.2%
- Free cash flow margin
- 8.6%
- Revenue, trailing twelve months
- $3.75B
- Free cash flow, trailing twelve months
- $323M
- Net income, trailing twelve months
- −$45M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 1.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Engineering & Construction
Ranks #7 of 27 by Smart Score