Legence Corp. (LGN) Key Metrics
LGN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.15B
- Enterprise value
- $4.97B
- P/E (TTM)
- —
- Forward P/E
- 14.9
- PEG ratio
- —
- Price / sales
- 1.9
- Price / book
- 6.8
- EV / EBITDA
- 31.7
- Dividend yield
- —
- Beta
- —
LGN key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLGN returns How much profit the business earns on the capital it uses.
LGN per-share figures Results divided by the shares outstanding at year-end.
LGN financial health Debt, liquidity and how easily interest is covered.
LGN efficiency & capital use Working capital cycle and where the cash goes.
LGN valuation history
LGN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LGN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LGN cash returned to shareholders
LGN price vs earnings per share
LGN key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $2.56B | — | — | — |
| Enterprise value | $3.28B | — | — | — |
| Price / sales | 1.0 | — | — | — |
| Price / book | 6.5 | — | — | — |
| Price / free cash flow | 11.7 | — | — | — |
| Price / operating cash flow | 9.9 | — | — | — |
| EV / sales | 1.3 | — | — | — |
| EV / EBITDA | 20.4 | — | — | — |
| EV / free cash flow | 15.0 | — | — | — |
| Earnings yield | −2.3% | — | — | — |
| Free cash flow yield | 8.6% | — | — | — |
| Dividend yield | 0.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | — | — | — |
| Share price at fiscal year-end | $43.04 | — | — | — |
| Per share | ||||
| Revenue per share | $42.95 | $35.87 | $27.60 | $21.30 |
| Earnings per share | −$1.01 | $0.17 | −$0.79 | −$1.41 |
| Operating cash flow per share | $4.33 | $0.50 | $0.58 | $0.46 |
| Free cash flow per share | $3.69 | $0.18 | $0.29 | $0.01 |
| Cash per share | $3.88 | $1.39 | $1.52 | — |
| Book value per share | $6.60 | $3.46 | $8.94 | — |
| Tangible book value per share | −$15.55 | −$20.56 | −$13.18 | — |
| Dividends per share | $0.00 | $5.15 | $0.03 | $0.00 |
| Capex per share | $0.64 | $0.32 | $0.29 | $0.45 |
| Debt per share | $16.07 | $29.12 | $19.12 | — |
| Shares outstanding | 59.4M | 58.5M | 58.5M | 58.5M |
| Change in shares outstanding | +1.5% | 0.0% | 0.0% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | −20.1% | 2.7% | −8.8% | — |
| Return on invested capital (ROIC) | 5.0% | 3.0% | 0.5% | — |
| Return on assets (ROA) | −2.4% | 0.4% | −2.2% | — |
| Return on tangible assets | −4.4% | 1.0% | −5.5% | — |
| Free cash flow margin | 8.6% | 0.5% | 1.0% | 0.1% |
| Income quality (OCF / net income) | — | 3.01 | — | — |
| Financial health | ||||
| Total debt | $954.2M | $1.70B | $1.12B | — |
| Cash & short-term investments | $230.2M | $81.2M | $88.9M | — |
| Net debt | $724.0M | $1.62B | $1.03B | — |
| Debt / equity | 2.43 | 8.41 | 2.14 | — |
| Debt / assets | 0.36 | 0.72 | 0.53 | — |
| Net debt / EBITDA | 4.50 | 10.36 | 9.62 | — |
| Current ratio | 1.57 | 1.84 | 1.57 | — |
| Quick ratio | 1.55 | 1.82 | 1.54 | — |
| Interest coverage | 0.9 | 2.3 | 0.2 | -0.5 |
| Working capital | $402.2M | $345.3M | $249.1M | — |
| Invested capital | $1.12B | $1.83B | $1.55B | — |
| Tangible asset value | −$527.0M | −$1.20B | −$771.3M | — |
| Net current asset value | −$780.3M | −$1.39B | −$914.5M | — |
| Graham number | — | $3.60 | — | — |
| Graham net-net per share | −$17.21 | −$27.09 | −$18.77 | — |
| Capital allocation | ||||
| Dividends paid | $0 | $301.6M | $1.5M | $268,000 |
| Dividends + buybacks / free cash flow | 0.0% | — | 9.1% | 39.2% |
| Capex / revenue | 1.5% | 0.9% | 1.1% | 2.1% |
| Capex / operating cash flow | 14.8% | 64.9% | 50.3% | 97.5% |
| Capex / depreciation | 0.33 | 0.17 | 0.18 | 0.28 |
| Stock-based compensation / revenue | 2.6% | 0.3% | 0.6% | 0.4% |
| SG&A / revenue | 13.4% | 12.0% | 11.5% | 11.4% |
| Efficiency | ||||
| Days sales outstanding | 106.0 | 103.0 | 123.9 | — |
| Days of inventory on hand | 2.0 | 2.2 | 2.8 | — |
| Days payables outstanding | 33.8 | 25.6 | 30.2 | — |
| Cash conversion cycle (days) | 74.1 | 79.7 | 96.5 | — |
| Receivables turnover | 3.44 | 3.54 | 2.95 | — |
| Payables turnover | 10.81 | 14.28 | 12.10 | — |
| Inventory turnover | 186.97 | 164.93 | 129.94 | — |
| Asset turnover | 1.01 | 0.94 | 0.76 | — |
| Average receivables | $740.4M | $592.4M | $548.1M | — |
| Average payables | $186.3M | $116.9M | $107.4M | — |
| Average inventory | $10.8M | $10.1M | $10.0M | — |
| Intangibles / total assets | 49.1% | 59.7% | 60.9% | — |
Computed from LGN's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LGN valuation and financial ratios
Legence earned a return on equity of −20.1% and a return on invested capital of 5.0% in fiscal 2025. It ended the year with $954.2 million of debt and $230.2 million in cash and short-term investments, net debt of $724.0 million.
See the LGN income statement, the LGN chart for price history, or the LGN stock overview for the latest quote and news.
LGN key metrics FAQ
What is Legence's EV/EBITDA?
Legence's enterprise value was 20.4 times EBITDA at the end of fiscal 2025 (enterprise value $3.3 billion, EBITDA $160.9 million); the current EV/EBITDA is 31.7.
What is Legence's return on equity?
Legence's return on equity (ROE) was −20.1% in fiscal 2025: net income of -$59.8 million on average shareholders' equity of $297.4 million.
What is Legence's ROIC?
Legence's return on invested capital was 5.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Legence have?
Legence had total debt of $954.2 million at the end of fiscal 2025, a debt-to-equity ratio of 2.43 and $724.0 million of net debt (4.50 times EBITDA).
Does Legence pay a dividend?
Legence did not pay a dividend in fiscal 2025.
What is Legence's free cash flow yield?
Legence generated $218.9 million of free cash flow in fiscal 2025, a free cash flow yield of 8.6% on its market value at year-end ($2.6 billion).
What is Legence's current ratio?
Legence's current ratio was 1.57 at the end of fiscal 2025: current assets were 1.57 times current liabilities.