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LGI Homes, Inc. engages in the design, construction, and sale of new homes in the United States. It markets and sells attached and detached entry-level homes and active adult offerings under the LGI Homes brand; and luxury homes under the Terrata Homes brand. The company also engages in the wholesale business, which includes building and selling homes to large institutions interested in acquiring single-family rental properties through bulk sales agreements. It operates in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, Pennsylvania, Maryland, and Utah. LGI Homes, Inc. was founded in 2003 and is headquartered in The Woodlands, Texas.
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 | $1.7B | $84M | $73M | $-141M | 3.5% | -22.6% | -63.0% |
| 2024 | $2.2B | $215M | $196M | $-146M | 9.6% | -6.6% | -1.6% |
| 2023 | $2.4B | $236M | $199M | $-58M | 10.7% | 2.3% | -39.0% |
| 2022 | $2.3B | $392M | $327M | $-372M | 19.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,304.46 | 2,358.58 | 2,202.60 | 1,705.50 |
| Operating Revenue | - | 2,304.46 | 2,358.58 | 2,202.60 | 1,705.50 |
| Cost Of Revenue | - | 1,657.86 | 1,816.39 | 1,669.31 | 1,351.96 |
| Gross Profit | - | 646.60 | 542.19 | 533.29 | 353.55 |
| Operating Expense | - | 256.49 | 308.93 | 321.14 | 273.77 |
| Selling General And Administration | - | 256.49 | 308.93 | 321.14 | 273.77 |
| Total Expenses | - | 1,914.35 | 2,125.32 | 1,990.45 | 1,625.73 |
| Operating Income | - | 390.11 | 233.26 | 212.15 | 79.78 |
| Total Operating Income As Reported | - | 390.11 | 233.26 | 212.15 | 79.78 |
| EBITDA | - | 391.68 | 235.66 | 215.25 | 84.10 |
| Normalized EBITDA | - | 391.68 | 235.66 | 215.25 | 84.10 |
| EBIT | - | 390.11 | 233.26 | 212.15 | 79.78 |
| Interest Expense | 0 | 0 | - | - | - |
| Net Interest Income | 0 | 0 | - | - | - |
| Other Non Operating Income Expenses | - | 28.01 | 28.50 | 46.77 | 18.71 |
| Other Income Expense | - | 28.01 | 28.50 | 46.77 | 18.71 |
| Interest Expense Non Operating | 0 | 0 | - | - | - |
| Net Non Operating Interest Income Expense | 0 | 0 | - | - | - |
| Pretax Income | - | 418.12 | 261.75 | 258.91 | 98.49 |
| Tax Provision | - | 91.55 | 62.53 | 62.84 | 25.93 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 326.57 | 199.23 | 196.07 | 72.55 |
| Net Income From Continuing And Discontinued Operation | - | 326.57 | 199.23 | 196.07 | 72.55 |
| Net Income From Continuing Operation Net Minority Interest | - | 326.57 | 199.23 | 196.07 | 72.55 |
| Net Income | - | 326.57 | 199.23 | 196.07 | 72.55 |
| Net Income Common Stockholders | - | 326.57 | 199.23 | 196.07 | 72.55 |
| Net Income Including Noncontrolling Interests | - | 326.57 | 199.23 | 196.07 | 72.55 |
| Normalized Income | - | 326.57 | 199.23 | 196.07 | 72.55 |
| Diluted NI Availto Com Stockholders | - | 326.57 | 199.23 | 196.07 | 72.55 |
| Basic Average Shares | - | 23.49 | 23.51 | 23.53 | 23.19 |
| Diluted Average Shares | - | 23.73 | 23.65 | 23.61 | 23.25 |
| Reconciled Depreciation | - | 1.58 | 2.41 | 3.11 | 4.32 |
| Reconciled Cost Of Revenue | - | 1,657.86 | 1,816.39 | 1,669.31 | 1,351.96 |
| Total Unusual Items | -13.98 | 0 | 0 | - | - |
| Total Unusual Items Excluding Goodwill | -13.98 | 0 | 0 | - | - |
| Special Income Charges | -13.98 | 0 | 0 | - | - |
| Other Special Charges | 13.98 | - | - | - | - |
| General And Administrative Expense | - | 111.56 | 117.35 | 121.19 | 111.62 |
| Other Gand A | - | 111.56 | 117.35 | 121.19 | 111.62 |
| Selling And Marketing Expense | - | 144.93 | 191.58 | 199.95 | 162.15 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| LGI Homes, Inc.this co. | LGIH | $1.2B | 16.21↓ discount | 0.56 | 3.5% | 33.11 |
| XPEL, Inc. | XPEL | $1.3B | 24.75 | 4.52 | 18.3% | 16.02 |
| National Vision Holdings, Inc. | EYE | $1.2B | 41.95 | 1.43 | 3.4% | 11.96 |
| O-I Glass, Inc. | OI | $1.2B | -9.54 | 0.95 | -10.0% | 7.10 |
| Pursuit Attractions and Hospitality, Inc. | PRSU | $1.2B |
| - |
| - |
| - |
| - |
| - |
| 53.32 |
| 2.08 |
| 3.9% |
| 12.49 |
| Gentherm Incorporated | THRM | $1.2B | 63.62 | 1.61 | 2.5% | 12.13 |
| Liquidity Services, Inc. | LQDT | $1.2B | 41.00 | 5.67 | 13.8% | 21.79 |
| Sally Beauty Holdings, Inc. | SBH | $1.1B | 5.84 | 1.44 | 24.7% | 5.98 |
| The RealReal, Inc. | REAL | $1.1B | -26.17 | -2.63 | 10.1% | 72.97 |
| Peer Median | - | 32.88 | 1.53 | 7.0% | 12.31 | |