Legacy Housing Corporation

LEGH

Consumer CyclicalSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers. It also provides inventory financing for its independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy or lease its products for use in their rental housing communities. The company is involved in financing and developing new manufactured home communities. It markets its homes under the Legacy brand through a network of independent retailers and company-owned stores; and directly to manufactured home communities. The company was founded in 2005 and is headquartered in Bedford, Texas.

Valuation

Market Cap$557M

Current Price$24.53as of Jun 23, 2026

P/E Ratio13.33

P/B Ratio1.05

EV / EBITDA10.31

EV / Sales3.35

Profitability

Operating Margin29.4%

Net Profit Margin25.4%

EBITDA Margin32.5%

Returns

ROE7.9%

ROCE9.1%

ROIC %8.0%

ROA7.2%

Solvency

Current Ratio3.51

Debt / Equity0.00

Debt / Assets0.00

CFO / Net Profit0.89

Price History▲ 8.93% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$165M▼ 10.7%

EBITDA$53M▼ 32.0%

Net Profit$42M▼ 32.2%

Cash from Ops (CFO)$37M▲ 3.2%

Free Cash Flow (FCF)$28M▲ 5.1%

Revenue CAGR 3Y-13.8%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-14.9%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$165M	$53M	$42M	$28M	7.9%	-10.7%	-32.2%
2024	$184M	$79M	$62M	$27M	12.5%	-2.6%	13.2%
2023	$189M	$71M	$54M	$-21M	12.5%	-26.4%	-19.6%
2022	$257M	$84M	$68M	$-5M	17.7%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	257.02	189.14	184.19	164.57
Operating Revenue	-	250.62	182.52	170.53	160.61
Cost Of Revenue	-	150.11	99.69	98.29	86.55
Gross Profit	-	106.90	89.45	85.90	78.02
Operating Expense	-	28.88	24.86	22.29	29.61
Selling General And Administration	-	28.88	24.86	22.29	29.61
Total Expenses	-	179	124.56	120.58	116.16
Operating Income	-	78.02	64.59	63.61	48.41
Total Operating Income As Reported	-	78.02	64.59	63.61	48.41
EBITDA	-	84.46	71.39	78.63	53.45
Normalized EBITDA	-	84.46	71.39	78.63	53.45
EBIT	-	82.52	69.67	76.73	51.59
Interest Income	-	2.94	3.02	2.64	1.40
Interest Expense	-	0.38	0.93	0.69	0.03
Net Interest Income	-	2.57	2.09	1.95	1.37
Other Non Operating Income Expenses	-	1.56	2.06	10.48	1.79
Other Income Expense	-	1.56	2.06	10.48	1.79
Interest Income Non Operating	-	2.94	3.02	2.64	1.40
Interest Expense Non Operating	-	0.38	0.93	0.69	0.03
Net Non Operating Interest Income Expense	-	2.57	2.09	1.95	1.37
Pretax Income	-	82.15	68.74	76.04	51.57
Tax Provision	-	14.38	14.28	14.40	9.76
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	0	0
Net Income Continuous Operations	-	67.77	54.46	61.64	41.81
Net Income From Continuing And Discontinued Operation	-	67.77	54.46	61.64	41.81
Net Income From Continuing Operation Net Minority Interest	-	67.77	54.46	61.64	41.81
Net Income	-	67.77	54.46	61.64	41.81
Net Income Common Stockholders	-	67.77	54.46	61.64	41.81
Net Income Including Noncontrolling Interests	-	67.77	54.46	61.64	41.81
Normalized Income	-	67.77	54.46	61.64	41.81
Diluted NI Availto Com Stockholders	-	67.77	54.46	61.64	41.81
Basic Average Shares	-	24.36	24.39	24.22	23.98
Diluted Average Shares	-	24.74	25.07	24.85	23.98
Reconciled Depreciation	-	1.94	1.73	1.91	1.86
Reconciled Cost Of Revenue	-	150.11	99.69	98.29	86.55
General And Administrative Expense	-	27.57	24.28	22.29	29.61
Other Gand A	-	27.57	24.28	22.29	29.61
Selling And Marketing Expense	1.24	1.32	0.59	-0.93	-

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Legacy Housing Corporationthis co.	LEGH	$557M	13.33↓ discount	1.05	7.9%	10.31
Ranpak Holdings Corp.	PACK	$589M	-15.37	1.10	-7.2%	17.86
Karat Packaging Inc.	KRT	$561M	17.83	3.68	20.6%	11.43
Kura Sushi USA, Inc.	KRUS	$556M	-	2.41	-0.8%	53.56
Miller Industries, Inc.	MLR	$553M

Learn while you research

Hand-picked academy chapters to deepen your understanding of Legacy Housing Corporation and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Stock Market Risks

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$165M

$53M

$42M

$28M

7.9%

-10.7%

-32.2%

2024

$184M

$79M

$62M

$27M

12.5%

-2.6%

13.2%

2023

$189M

$71M

$54M

$-21M

12.5%

-26.4%

-19.6%

2022

$257M

$84M

$68M

$-5M

17.7%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

257.02

189.14

184.19

164.57

Operating Revenue

250.62

182.52

170.53

160.61

Cost Of Revenue

150.11

99.69

98.29

86.55

Gross Profit

106.90

89.45

85.90

78.02

Operating Expense

28.88

24.86

22.29

29.61

Selling General And Administration

28.88

24.86

22.29

29.61

Total Expenses

179

124.56

120.58

116.16

Operating Income

78.02

64.59

63.61

48.41

Total Operating Income As Reported

78.02

64.59

63.61

48.41

EBITDA

84.46

71.39

78.63

53.45

Normalized EBITDA

84.46

71.39

78.63

53.45

EBIT

82.52

69.67

76.73

51.59

Interest Income

2.94

3.02

2.64

1.40

Interest Expense

0.38

0.93

0.69

0.03

Net Interest Income

2.57

2.09

1.95

1.37

Other Non Operating Income Expenses

1.56

2.06

10.48

1.79

Other Income Expense

1.56

2.06

10.48

1.79

Interest Income Non Operating

2.94

3.02

2.64

1.40

Interest Expense Non Operating

0.38

0.93

0.69

0.03

Net Non Operating Interest Income Expense

2.57

2.09

1.95

1.37

Pretax Income

82.15

68.74

76.04

51.57

Tax Provision

14.38

14.28

14.40

9.76

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

67.77

54.46

61.64

41.81

Net Income From Continuing And Discontinued Operation

67.77

54.46

61.64

41.81

Net Income From Continuing Operation Net Minority Interest

67.77

54.46

61.64

41.81

Net Income

67.77

54.46

61.64

41.81

Net Income Common Stockholders

67.77

54.46

61.64

41.81

Net Income Including Noncontrolling Interests

67.77

54.46

61.64

41.81

Normalized Income

67.77

54.46

61.64

41.81

Diluted NI Availto Com Stockholders

67.77

54.46

61.64

41.81

Basic Average Shares

24.36

24.39

24.22

23.98

Diluted Average Shares

24.74

25.07

24.85

23.98

Reconciled Depreciation

1.94

1.73

1.91

1.86

Reconciled Cost Of Revenue

150.11

99.69

98.29

86.55

General And Administrative Expense

27.57

24.28

22.29

29.61

Other Gand A

27.57

24.28

22.29

29.61

Selling And Marketing Expense

1.24

1.32

0.59

-0.93

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Legacy Housing Corporationthis co.

LEGH

$557M

13.33↓ discount

1.05

7.9%

10.31

Ranpak Holdings Corp.

PACK

$589M

-15.37

1.10

-7.2%

17.86

Karat Packaging Inc.

KRT

$561M

17.83

3.68

20.6%

11.43

Kura Sushi USA, Inc.

KRUS

$556M

2.41

-0.8%

53.56

Miller Industries, Inc.

MLR

$553M

Legacy Housing Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Legacy Housing Corporation

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on