We are engaged in the design, construction and sale of new homes in markets 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. Our management team has been in the residential land development business since the mid-1990s. Since commencing home building operations in 2003, we have constructed and closed over 80,000 homes. LGI Homes, Inc. is a Delaware corporation incorporated on July 9, 2013. Our principal executive offices are located at 1450 Lake Robbins Drive, Suite 430, The Woodlands, Texas 77380, and our telephone number is (281) 362-8998. Information on or linked to our website is not incorporated by reference into this Annual Report on Form 10-K unless expressly noted. Unless otherwise indicated or the context requires, “LGI,” the “Company,” “we,” “our” and “us” refer collectively to LGI Homes, Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.7B | 1.7B | 2.2B | 2.4B | 2.3B | 3.1B |
| Net Income | 73M | 73M | 196M | 199M | 327M | 430M |
| EPS | $3.12 | $3.12 | $8.30 | $8.42 | $13.76 | $17.25 |
| Free Cash Flow | -141M | -141M | -146M | -58M | -372M | 20M |
| ROIC | 1.6% | 1.6% | 4.9% | 6.1% | 12.5% | 22.9% |
| Gross Margin | 20.7% | 20.7% | 24.2% | 23.0% | 28.1% | 26.8% |
| Debt/Equity | 0.79 | 0.79 | 0.73 | 0.67 | 0.68 | 0.58 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 80M | 80M | 212M | 233M | 390M | 548M |
| Operating Margin | 4.7% | 4.7% | 9.6% | 9.9% | 16.9% | 18.0% |
| ROE | 3.5% | 3.5% | 10.1% | 11.4% | 21.5% | 33.9% |
| Shares Outstanding | 23M | 23M | 24M | 24M | 24M | 25M |
LGI Homes, Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
LGI Homes, Inc. trades at 13.0x trailing earnings, compared to its 15-year median P/E of 9.4x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 9.6% with a gross margin of 24.6%. Total shareholder yield (buybacks) is 2.5%. At current prices, the estimated annualized return to fair value is +5.5%.
LGI Homes, Inc. (LGIH) has a current P/E ratio of 13.0, compared to its historical median P/E of 9.4. The stock is currently considered Expensive based on its historical valuation range.
LGI Homes, Inc. (LGIH) has a 5-year average return on invested capital (ROIC) of 9.6%. This is below average and may indicate limited pricing power.
LGI Homes, Inc. (LGIH) has a market capitalization of $943M. It is classified as a small-cap stock.
LGI Homes, Inc. (LGIH) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 2.51%.
Based on historical P/E analysis, LGI Homes, Inc. (LGIH) appears expensive. The current P/E of 13.0 is 38% above its historical median of 9.4. The estimated fair value CAGR (P/E method) is -2.8%.
LGI Homes, Inc. (LGIH) operates in the Operative Builders industry, within the Industrials sector.
LGI Homes, Inc. (LGIH) reported annual revenue of $1.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
LGI Homes, Inc. (LGIH) has a net profit margin of 4.3%. This is a modest margin.
LGI Homes, Inc. (LGIH) generated $-141 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
LGI Homes, Inc. (LGIH) has a debt-to-equity ratio of 0.79. This indicates moderate leverage.
LGI Homes, Inc. (LGIH) reported earnings per share (EPS) of $3.12 in its most recent fiscal year.
LGI Homes, Inc. (LGIH) has a return on equity (ROE) of 3.5%. This indicates moderate shareholder returns.
LGI Homes, Inc. (LGIH) has a 5-year average gross margin of 24.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for LGI Homes, Inc. (LGIH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LGI Homes, Inc. (LGIH) has a book value per share of $90.15, based on its most recent annual SEC filing.