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Legence Corp/$LGN

1D1W1M3M6MYTD1Y5YMAX

About Legence Corp

Legence Corp is a provider of engineering, installation, and maintenance services for critical systems in buildings. It focuses on sectors that have technically demanding buildings, including technology, life sciences, healthcare, and education. Legence specializes in designing, fabricating, and installing complex heating, ventilation, and air conditioning (HVAC), process piping, and other mechanical, electrical, and plumbing (MEP) systems for new facilities and upgrading HVAC, lighting, and building controls in existing facilities to enhance building performance, reliability, and efficiency. The services are mainly provided on a fixed price basis. The company has two reportable segments: Installation and Maintenance, which generates the maximum revenue, and Engineering and Consulting.
Ticker
$LGN
Primary listing
NASDAQ
Employees
7,000

Legence Corp Metrics

BasicAdvanced
$3B
-
-$0.48
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-

What the Analysts think about Legence Corp

Analyst ratings (Buy, Hold, Sell) for Legence Corp stock.
Analyst projections of the future price of Legence Corp stock.

Bulls say / Bears say

Second-quarter revenue more than doubled year on year, with growth of about 60% even excluding Bowers. Legence also raised its 2026 revenue and adjusted EBITDA guidance, signalling that management expects strong trading to continue. (Legence)
Backlog and awarded contracts reached a record $5.67 billion, up 105% year on year, while remaining performance obligations were about $4.02 billion. Legence expects to recognise roughly 65% to 75% of those obligations within 12 months, giving it useful near-term revenue visibility. (SEC)
Pro forma net leverage had fallen to about 1.5 times by the second quarter, and Legence reported lower borrowing costs after repricing its term loan. A stronger balance sheet gives it more room to invest in capacity or pursue acquisitions without relying as heavily on additional borrowing. (The Motley Fool)
Gross margin fell to 17.4% from 21.5% a year earlier, reflecting a shift towards lower-margin installation work. If this mix pressure persists, rapid sales growth may deliver less profit than investors expect. (Investing.com)
Despite the revenue surge, Legence reported a Q2 adjusted loss per share of $0.37, against analysts’ expected profit, and consensus full-year EPS forecasts were cut after the results. This highlights uncertainty over how much of the company’s growth will convert into bottom-line earnings. (Sahm Capital, SEC)
Data centres and technology are a major growth driver, but management says large project awards can arrive in waves and then be completed quickly. That could make new bookings and quarterly results more volatile if customers slow or reschedule spending. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 15 Oct 2026.

Legence Corp Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Legence Corp Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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