SequelSEC

Legacy Housing Corp LEGH

Mobile Homes · CIK 0001436208 · Fiscal year ends 1231

Revenue
$164.57M
Fiscal year ended 2025-12-31
Operating income
$48.41M
Fiscal year ended 2025-12-31
Free cash flow
$28.15M
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$247.30MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$10.39Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income5.9×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue1.5×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.5×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

5.9× earnings today, against a median of 2.7× across 7 years on record. Above its own history.

Float measuredPublic floatFloat / net income
2025-06-30$247.30M5.9×
2024-06-30$249.72M4.1×
2023-06-30$235.77M4.3×
2022-06-30$108.31M1.6×
2021-06-30$133.41M2.7×
2020-06-30$102.08M2.7×
2019-06-30$67.73M2.3×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

Legacy Housing Corp (LEGH) reported revenue of $164.57M and net income of $41.81M for the fiscal year ended 2025-12-31. This page shows 8 annual periods of income statement, balance sheet and cash flow figures normalized from Legacy Housing Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Mobile Homes.

Income

Legacy Housing Corp income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Revenue$164.57M$184.19M$189.14M$257.02M$197.51M$176.72M$168.96M$161.88M
Cost of revenue$84.83M$90.07M$99.69M$150.11M$114.05M$109.72M$104.90M$107.23M
Gross profit$79.74M$94.12M$89.45M$106.90M$83.46M$67.00M$64.05M$54.65M
Operating income$48.41M$63.61M$64.59M$78.02M$58.92M$47.60M$37.84M$32.80M
Net income$41.81M$61.64M$54.46M$67.77M$49.87M$38.00M$28.84M$21.51M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 23.98Mshares 24.85Mshares 25.07Mshares 24.74Mshares 24.28Mshares 24.24Mshares 24.44Mshares 20.20M
Pretax income$51.57M$76.04M$68.74M$82.15M$60.63M$48.82M$37.59M$30.64M
Income tax expense$9.76M$14.40M$14.28M$14.38M$10.76M$10.83M$8.75M$9.13M
Diluted EPS$1.74$2.48$2.17$2.74$2.05$1.57$1.18$1.07
Selling, general & administrative$29.61M$22.29M$24.28M$27.57M$23.31M$19.07M$25.48M$21.02M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Legacy Housing Corp balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Cash & equivalents$8.48M$1.15M$748.00K$2.82M$1.04M$768.00K$1.72M$2.60M
Total assets$580.34M$534.19M$506.74M$436.81M$366.67M$338.62M$283.62M$235.04M
Current assets$164.66M$124.31M$115.68M$107.08M$92.54M$54.63M$52.97M$63.14M
Total liabilities$51.72M$40.24M$70.01M$54.71M$57.27M$79.42M$61.23M$45.76M
Current liabilities$46.86M$32.74M$37.33M$41.46M$41.94M$36.41M$51.93M$20.38M
Total equity incl. NCI$528.61M$493.96M$436.74M$382.10M$309.39M$259.19M$222.39M$189.28M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$39.85M$37.54M$40.97M$32.08M$42.00M$27.22M$27.23M$42.03M
Accounts receivable$5.47M$4.00M$4.70M$4.87M$5.12M$3.54M$1.77M$2.95M
Goodwill$2.47MUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payable$6.44M$5.09M$4.09M$4.55M$4.16M$10.20M$5.17M$2.83M

Cash flow

Legacy Housing Corp cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Operating cash flow$37.15M$35.99M-$13.54M-$1.69M$60.30M-$1.84M-$4.19M$2.82M
Capital expenditures$9.00M$9.21M$7.71M$3.80M$5.95M$2.84M$4.21M$6.14M
Investing cash flow-$22.08M-$6.71M-$9.77M$9.08M-$31.94M-$2.72M-$15.11M-$4.45M
Financing cash flow-$7.74M-$28.88M$21.24M-$5.61M-$28.08M$3.60M$18.43M$3.80M
Net change in cash$7.33M$401.00K-$2.07M$1.78M$274.00K-$956.00K-$875.00K$2.17M
Stock-based compensation$458.00K$777.00K$769.00K$4.94M$230.00K$226.00K$630.00KUnavailable
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$7.60M$5.40MUnavailableUnavailableUnavailable$1.42M$3.06MUnavailable
Depreciation & amortization$1.86M$1.91M$1.73M$1.94M$1.59M$1.21M$1.01M$838.00K

Derived

Legacy Housing Corp derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-31
Free cash flow$28.15M$26.78M-$21.25M-$5.49M$54.34M-$4.68M-$8.40M-$3.32M
Gross margin48.5%51.1%47.3%41.6%42.3%37.9%37.9%33.8%
Operating margin29.4%34.5%34.1%30.4%29.8%26.9%22.4%20.3%
FCF margin17.1%14.5%-11.2%-2.1%27.5%-2.6%-5.0%-2.0%
SBC / revenue0.3%0.4%0.4%1.9%0.1%0.1%0.4%Unavailable
Current ratio3.51x3.80x3.10x2.58x2.21x1.50x1.02x3.10x
Revenue YoY growth-10.7%-2.6%-26.4%30.1%11.8%4.6%4.4%Unavailable
Net margin25.4%33.5%28.8%26.4%25.3%21.5%17.1%13.3%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue5.5%5.0%4.1%1.5%3.0%1.6%2.5%3.8%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate18.9%18.9%20.8%17.5%17.7%22.2%23.3%29.8%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open LEGH in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-03-12View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-12View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.