Legence (LGN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Legence

NasdaqGS•Industrials•Engineering & Construction

$53.84+0.81(0.02%)Pre-market

Market Cap

$4.09B

P/S

0.8x

P/B

6.8x

Legence Corp. provides engineering, installation, and maintenance services for mission-critical systems in buildings in the United States. The company operates through two segments, Engineering & Consulting, and Installation & Maintenance. The Engineering & Consulting segment designs HVAC and other MEP systems for buildings, develops strategies to help reduce energy usage and make buildings more sustainable and provides program and project management services for client's installation and retrofit projects. This segment also offers engineering & design and program and project management services. The Installation & Maintenance segment fabricates and installs HVAC systems, process piping and other MEP systems in new and existing industrial, commercial and institutional buildings and provides ongoing preventative and corrective maintenance services, emergency repair, and break-fix services, as well as facility energy analysis, automation, optimization, and system certification and testing. It serves data centers, technology, life sciences, healthcare, education, mixed-use, state and local government, and other markets. The company was founded in 1914 and is based in San Jose, California.

How this company scores

AverageMetricSide Score: 41/100

Strongest: Balance Sheet & Red Flags (14/25); weakest: Cash & Earnings Quality (8/25).

Profitability11/25

Growth8/25

Balance Sheet & Red Flags14/25

Cash & Earnings Quality8/25

Strengths

Long cash runwayImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 0.8x5y range 0.8x – 0.8x

P/B · 6.8x5y range 4.7x – 7.2x

Currently near its 4-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $4.09B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $4.85B
Q. Revenue: $1.26B
TTM EBITDA: $252.50M
TTM Op. Income: $77.33M
Q. Op. Income: $-6.62M
TTM Net Income: $-71.53M
Q. Net Income: $-27.84M
EPS: $-0.37
Shares Out.: $76.03M

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 17.4%
EBITDA Margin: 2.5%
Op. Margin: -0.5%
Net Margin: -2.2%

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.8x
P/B Ratio: 6.8x

P/S of 0.8x and P/B of 6.8x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.74B
Cash: $291.98M
Long-Term Debt: $1.01B
Book Value: $600.46M
D/E Ratio: 1.7
Debt/EBITDA: 32.2

With $3.74B in assets and $1.01B in long-term debt, D/E is 1.7and book value is $600.46M — moderate leverage. Across the last 4 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $74.38M
TTM Free Cash Flow: $371.56M
FCF Margin: 7.7%
FCF / Net Income: -5.2

TTM FCF of $371.56M on $74.38M in operating cash flow. The FCF / Net Income ratio of -5.2x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 0% — an improving trend.