Legence Balance Sheet Health
Financial Health criteria checks 3/6
Legence has a total shareholder equity of $951.0M and total debt of $1.0B, which brings its debt-to-equity ratio to 106.7%. Its total assets and total liabilities are $3.5B and $2.5B respectively. Legence's EBIT is $111.7M making its interest coverage ratio 1.3. It has cash and short-term investments of $246.3M.
Key information
106.71%
Debt to equity ratio
US$1.01b
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$246.29m |
| Equity | US$951.04m |
| Total liabilities | US$2.53b |
| Total assets | US$3.48b |
Recent financial health updates
Recent updates
Legence: A Home Run
Summary Legence has delivered >50% organic growth and strong M&A-driven expansion, fueling a rapid share price ascent since its IPO. Despite 105% sales growth and a doubling backlog, margin accretion has lagged, with gross margins at 18% and adjusted EBITDA margins at 11.4%. Legence trades at over 20x EBITDA and 2.5x sales, with current multiples reflecting high expectations for further margin gains and sustained growth. I remain impressed by Legence's growth and M&A, but exercise caution at ~$90/share due to demanding valuation and momentum-driven price action. Read the full article on Seeking Alpha
Modular Fabrication And Data Center Demand Will Drive Balanced But Limited Upside Potential
Catalysts About Legence Legence provides engineering, installation, maintenance and fabrication services for mission critical building systems across sectors such as data centers, technology, healthcare, education and government. What are the underlying business or industry changes driving this perspective?We Think Legence's (NASDAQ:LGN) Profit Is Only A Baseline For What They Can Achieve
Even though Legence Corp. ( NASDAQ:LGN ) posted strong earnings, investors appeared to be underwhelmed. We did some...
Data Center Backlog And Modular Capacity Will Support Durable Multi Sector Demand
Catalysts About Legence Legence provides engineering, installation, fabrication, and maintenance services for mission critical building systems across sectors such as data centers, technology, healthcare, life sciences, education, and government. What are the underlying business or industry changes driving this perspective?Financial Position Analysis
Short Term Liabilities: LGN's short term assets ($1.5B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: LGN's short term assets ($1.5B) exceed its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: LGN's net debt to equity ratio (80.8%) is considered high.
Reducing Debt: Insufficient data to determine if LGN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LGN's debt is well covered by operating cash flow (34.2%).
Interest Coverage: LGN's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/15 10:31 |
| End of Day Share Price | 2026/06/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Legence Corp. is covered by 17 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Adam Seiden | Barclays |
| Charles Albert Dillard | Bernstein |
| Devin Dodge | BMO Capital Markets Equity Research |