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Equiscale · Syntellia LLC
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.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
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 | $2.6B | $161M | $-60M | $219M | -8.5% | 21.5% | 109.4% |
| 2024 | $2.1B | $179M | $-29M | $10M | - | 29.9% | -38.0% |
| 2023 | $1.6B | $107M | $-46M | $17M | -8.8% | 29.6% | -44.1% |
| 2022 | $1.2B | $69M | $-82M | $1M | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,246.50 | 1,615.06 | 2,098.60 | 2,550.49 |
| Operating Revenue | 1,246.50 | 1,615.06 | 2,098.60 | 2,550.49 |
| Cost Of Revenue | 1,012.80 | 1,299.92 | 1,667.84 | 2,014.57 |
| Gross Profit | 233.71 | 315.15 | 430.77 | 535.92 |
| Operating Expense | 224.56 | 266.30 | 340.04 | 442.99 |
| Selling General And Administration | 142.05 | 186.06 | 242.89 | 342.63 |
| Total Expenses | 1,237.36 | 1,566.22 | 2,007.88 | 2,457.56 |
| Operating Income | 9.14 | 48.85 | 90.73 | 92.93 |
| Total Operating Income As Reported | -24.25 | 10.26 | 70.35 | 61.58 |
| EBITDA | 69.19 | 107.05 | 179.34 | 160.92 |
| Normalized EBITDA | 102.58 | 146.97 | 202.77 | 200.37 |
| EBIT | -23.82 | 14.25 | 68.49 | 46.64 |
| Interest Income | 0.24 | 4.25 | 5.46 | 4.49 |
| Interest Expense | 50.84 | 68.20 | 91.61 | 101.78 |
| Net Interest Income | -50.60 | -63.95 | -86.14 | -97.29 |
| Other Non Operating Income Expenses | 0.19 | -0.26 | -7.33 | -12.78 |
| Other Income Expense | -33.20 | -38.84 | -27.70 | -50.78 |
| Interest Income Non Operating | 0.24 | 4.25 | 5.46 | 4.49 |
| Interest Expense Non Operating | 50.84 | 68.20 | 91.61 | 101.78 |
| Net Non Operating Interest Income Expense | -50.60 | -63.95 | -86.14 | -97.29 |
| Pretax Income | -74.66 | -53.94 | -23.12 | -55.14 |
| Tax Provision | 7.61 | -7.92 | 4.52 | 22.16 |
| Tax Rate For Calcs | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | -7.01 | -5.79 | -4.92 | -8.28 |
| Net Income Continuous Operations | -82.27 | -46.03 | -27.64 | -77.30 |
| Net Income From Continuing And Discontinued Operation | -82.27 | -46.03 | -28.56 | -59.78 |
| Net Income From Continuing Operation Net Minority Interest | -82.27 | -46.03 | -28.56 | -59.78 |
| Net Income | -82.27 | -46.03 | -28.56 | -59.78 |
| Net Income Common Stockholders | -82.27 | -46.03 | -28.56 | -59.78 |
| Net Income Including Noncontrolling Interests | -82.27 | -46.03 | -27.64 | -77.30 |
| Normalized Income | -55.90 | -11.90 | -10.04 | -28.62 |
| Diluted NI Availto Com Stockholders | -82.27 | -46.03 | -28.56 | -59.78 |
| Basic Average Shares | 101.70 | 55.24 | 55.24 | 59.38 |
| Diluted Average Shares | 101.70 | 101.97 | 101.97 | 59.38 |
| Reconciled Depreciation | 93.02 | 92.80 | 110.85 | 114.29 |
| Reconciled Cost Of Revenue | 1,002.29 | 1,287.36 | 1,654.14 | 2,000.64 |
| Total Unusual Items | -33.39 | -39.92 | -23.44 | -39.44 |
| Total Unusual Items Excluding Goodwill | -33.39 | -39.92 | -23.44 | -39.44 |
| Minority Interests | 0 | 0 | -0.91 | 17.52 |
| Special Income Charges | -33.39 | -39.92 | -23.44 | -39.44 |
| Other Special Charges | - | - | 10.81 | 6.65 |
| Impairment Of Capital Assets | 23.44 | 5.05 | 17.80 | 27.38 |
| Restructuring And Mergern Acquisition | 9.95 | 34.86 | 5.63 | 5.74 |
| Depreciation Amortization Depletion Income Statement | 82.51 | 80.24 | 97.15 | 100.36 |
| Depreciation And Amortization In Income Statement | 82.51 | 80.24 | 97.15 | 100.36 |
| Gain On Sale Of Ppe | - | 0 | 0 | 0.33 |
| Earnings From Equity Interest | 0 | 1.33 | 3.06 | 1.44 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Legence Corp.this co. | LGN | $14.6B | -244.26 | 20.78 | -8.5% | 96.52 |
| Planet Labs PBC | PL | $15.5B | -62.84 | 82.33 | -131.0% | -79.96 |
| IES Holdings, Inc. | IESC | $14.8B | 48.32 | 16.73 | 34.6% | 33.35 |
| Dycom Industries, Inc. | DY | $14.7B | 52.18 | 7.89 | 15.1% | 24.09 |
| Advanced Energy Industries, Inc. | AEIS | $12.8B | 86.52 |
| 9.42 |
| 10.9% |
| 52.10 |
| Kratos Defense & Security Solutions, Inc. | KTOS | $11.9B | 540.40 | 5.96 | 1.1% | 111.51 |
| SPX Technologies, Inc. | SPXC | $11.8B | 48.45 | 5.28 | 10.9% | 24.67 |
| Joby Aviation, Inc. | JOBY | $11.0B | -11.78 | 7.77 | -66.0% | -15.83 |
| Watts Water Technologies, Inc. | WTS | $10.5B | 30.87 | 5.19 | 16.8% | 20.02 |
| Peer Median | - | 48.39 | 7.83 | 10.9% | 24.38 | |
Historically, Apr has averaged the highest return (+54.0%); Jul the lowest (-25.0%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +9.0%Positive MonthJan 2026: +8.99% | +23.7%Positive MonthFeb 2026: +23.75% | -2.7%Negative MonthMar 2026: -2.74% | +54.0%Positive MonthApr 2026: +54.02% | -3.7%Negative MonthMay 2026: -3.70% | +1.8%Neutral MonthJun 2026: +1.78% | -25.0%Negative MonthJul 2026: -24.99% | -2.3%*Negative MonthAug 2026: -2.25% | — | — | — | — |
| 2025 | — | — | — | — | — | — | — | — | — | +34.3%Positive MonthOct 2025: +34.27% | +11.1%Positive MonthNov 2025: +11.14% | -6.4%Negative MonthDec 2025: -6.39% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 2 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
