LGI Homes, Inc. LGIH

Industrials SIC 1531 - Operative Builders NAICS Construction › Construction of Buildings › Residential Building Construction derived Nasdaq

We are engaged in the design, construction and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, Pennsylvania, Maryland and Utah. Our management team has been in the residential land development business since the mid-1990s. Since commencing home building operations in 2003, we have constructed and closed over 80,000 homes.

Unless otherwise indicated or the context requires, "LGI," the "Company," "we," "our" and "us" refer collectively to LGI Homes, Inc. and its subsidiaries.

Since December 2013, we have grown substantially, expanding our operations from eight markets in four states to 36 markets in 21 states. As of December 31, 2025, we were active in 144 communities throughout the United States and expect to continue increasing our community count in the future.

Last close 42.47 2026-10-23
Market cap $987.4M 2026-06-30 share count
52-week range 33.55 - 66.25

Valuation FY2025 figures against the last close

P/S0.6x
P/E13.6x
P/FCF—
EV/EBITDA30.7x
Dividend yield—
Diluted EPS3.12

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.71B$2.20B$2.36B$2.30B$3.05B$2.37B$1.84B$1.50B$1.26B$838.3M
Cost of revenue $1.35B$1.67B$1.82B$1.66B$2.23B$1.76B$1.40B$1.12B$937.5M$616.7M
Gross profit $353.5M$533.3M$542.2M$646.6M$818.0M$603.1M$436.5M$379.9M$320.4M$221.6M
SG&A $111.6M$121.2M$117.3M$111.6M$100.3M$90.0M$77.4M$70.3M$55.7M$43.2M
Operating income $79.8M$212.1M$233.3M$390.1M$547.7M$364.7M$227.5M$200.1M$169.8M$111.5M
Interest expense $0$0$0$0$0$0$0$0$0$0
Pre-tax income $98.5M$258.9M$261.8M$418.1M$542.8M$367.8M$231.8M$199.1M$171.4M$113.7M
Income tax $25.9M$62.8M$62.5M$91.5M$113.1M$44.0M$53.2M$43.8M$58.1M$38.6M
Net income $72.6M$196.1M$199.2M$326.6M$429.6M$323.9M$178.6M$155.3M$113.3M$75.0M
EPS, basic 3.138.338.4813.9017.4612.897.706.895.243.61
EPS, diluted 3.128.308.4213.7617.2512.767.026.244.733.41
Shares, diluted (wtd. avg.) 23.3M23.6M23.6M23.7M24.9M25.4M25.4M24.9M23.9M22.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $61.2M$53.2M$49.0M$32.0M$50.5M$35.9M$38.3M$46.6M$67.6M$49.5M
Property, plant and equipment $107.1M$57.0M$45.5M$33.0M$16.9M$3.6M$1.6M$1.4M$1.7M$2.0M
Goodwill $12.0M$12.0M$12.0M$12.0M$12.0M$12.0M$12.0M$12.0M$12.0M$12.0M
Total assets $3.93B$3.76B$3.41B$3.12B$2.35B$1.83B$1.67B$1.40B$1.08B$814.5M
Long-term debt $1.66B$1.48B$1.25B$1.12B$805.2M$538.4M$690.6M$653.7M$475.2M$400.5M
Total liabilities $1.83B$1.72B$1.55B$1.48B$956.0M$687.1M$820.9M$739.5M$590.0M$459.3M
Retained earnings $2.16B$2.09B$1.89B$1.69B$1.36B$934.3M$610.4M$431.8M$276.5M$163.2M
Total equity $2.10B$2.04B$1.86B$1.64B$1.40B$1.14B$845.2M$655.9M$489.8M$355.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$140.0M-$143.7M-$57.0M-$370.5M$21.7M$202.2M-$41.9M-$116.7M-$68.5M-$108.2M
Depreciation and amortisation $4.3M$3.1M$2.4M$1.6M$1.2M$710.0K$643.0K$711.0K$791.0K$1.1M
Stock-based compensation $6.0M$10.5M$8.9M$9.2M$13.6M$13.5M$7.5M$5.9M$4.2M$3.4M
Capital expenditure $924.0K$2.0M$1.4M$1.2M——————
Investing cash flow $27.9M$15.6M-$13.6M-$6.0M-$70.4M-$5.6M-$1.8M-$74.9M-$518.0K-$722.0K
Financing cash flow $120.1M$132.3M$87.6M$357.9M$63.3M-$198.9M$35.4M$170.7M$87.0M$120.9M
Buybacks $23.6M$31.0M$0$95.1M$193.8M$48.1M$0$1.5M$0$1.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001580670-26-000019.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 838.3M Gross profit, FY2016: 221.6M Net income, FY2016: 75M Revenue, FY2017: 1.3B Gross profit, FY2017: 320.4M Net income, FY2017: 113.3M Revenue, FY2018: 1.5B Gross profit, FY2018: 379.9M Net income, FY2018: 155.3M Revenue, FY2019: 1.8B Gross profit, FY2019: 436.5M Net income, FY2019: 178.6M Revenue, FY2020: 2.4B Gross profit, FY2020: 603.1M Net income, FY2020: 323.9M Revenue, FY2021: 3.1B Gross profit, FY2021: 818M Net income, FY2021: 429.6M Revenue, FY2022: 2.3B Gross profit, FY2022: 646.6M Net income, FY2022: 326.6M Revenue, FY2023: 2.4B Gross profit, FY2023: 542.2M Net income, FY2023: 199.2M Revenue, FY2024: 2.2B Gross profit, FY2024: 533.3M Net income, FY2024: 196.1M Revenue, FY2025: 1.7B Gross profit, FY2025: 353.5M Net income, FY2025: 72.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $838.3M $1.26B $1.50B $1.84B $2.37B $3.05B $2.30B $2.36B $2.20B $1.71B
Gross profit $221.6M $320.4M $379.9M $436.5M $603.1M $818.0M $646.6M $542.2M $533.3M $353.5M
Net income $75.0M $113.3M $155.3M $178.6M $323.9M $429.6M $326.6M $199.2M $196.1M $72.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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