/LGIHFinancial History
Annual Financials
| Fiscal Year | Revenue | Gross Profit | Gross Margin | Net Income | EPS (Diluted) | Total Assets | Total Equity |
|---|---|---|---|---|---|---|---|
| FY2025 | $1.7B | $354M | 20.7% | $98M | $3.12 | $3.9B | $2.1B |
| FY2024 | $2.2B | $533M | 24.2% | $259M | $8.30 | $3.8B | $2.0B |
| FY2023 | $2.4B | $542M | 23.0% | $262M | $8.42 | $3.4B | $1.9B |
| FY2022 | $2.3B | $647M | 28.1% | $418M | $13.76 | $3.1B | $1.6B |
| FY2021 | $3.1B | $818M | 26.8% | $543M | $17.25 | $2.4B | $1.4B |
| FY2020 | $2.4B | $603M | 25.5% | $368M | $12.76 | $1.8B | $1.1B |
| FY2019 | $1.8B | $436M | 23.8% | $232M | $7.02 | $1.7B | $845M |
| FY2018 | $1.5B | $380M | 25.3% | $155M | $6.24 | $1.4B | $656M |
| FY2017 | $1.3B | $320M | 25.5% | $113M | $4.73 | $1.1B | $490M |
| FY2016 | $838M | $222M | 26.4% | $75M | $3.41 | $815M | $355M |
| FY2015 | $630M | $167M | 26.5% | $53M | $2.44 | $622M | $247M |
| FY2014 | $383M | $103M | 26.8% | $28M | $1.33 | $438M | $182M |
Builder Operating KPIsExtracted from earnings releases
| Period | Orders | Closings | Cancel % | Backlog | Backlog $ | ASP | Communities | Lots Owned | Lots Ctrl | Inventory | Specs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q4 FY2025 | 5,549 | 1,301 | 32.8% | 1,394 | $1.7B | $364K | 144 | 51,890 | 8,952 | 3,179 | 2,311 |
| Q3 FY2025 | 4,098 | 1,065 | 28.1% | 1,305 | $1.2B | $372K | 141 | 53,148 | 62,564 | 3,696 | 2,801 |
| Q2 FY2025 | 2,528 | 1,323 | 24.2% | 808 | $1.2B | $365K | 146 | 53,555 | 64,756 | 4,036 | 2,524 |
| Q1 FY2025 | 1,437 | 996 | 16.3% | 1,040 | $1.2B | $353K | 146 | 53,761 | 67,792 | 4,224 | 2,702 |
| Q4 FY2024 | 6,037 | 6,131 | 22.8% | 599 | $1.2B | $7K | 151 | 53,317 | 17,582 | 4,043 | 2,685 |
| Q3 FY2024 | 4,993 | 1,757 | 21.6% | 1,088 | $1.2B | $371K | 138 | 54,029 | 68,564 | 4,468 | 2,491 |
| Q2 FY2024 | 3,541 | 1,655 | 19.5% | 1,393 | $1.2B | $364K | 128 | 54,362 | 69,904 | 4,671 | 2,032 |
| Q1 FY2024 | 1,828 | 1,083 | 16.8% | 1,335 | $1.2B | $361K | 120 | 54,763 | 70,145 | 4,154 | 2,154 |
| Q4 FY2023 | 6,617 | 6,729 | 25.4% | 590 | $1.2B | $10K | 117 | 55,331 | 15,750 | 3,268 | 2,017 |
| Q3 FY2023 | 5,646 | 1,751 | 22.8% | 1,377 | $1.1B | $5K | 106 | 56,301 | 72,109 | 4,480 | 1,471 |
| Q2 FY2023 | 4,156 | 1,854 | 20.8% | 1,638 | $1.1B | $4K | 102 | 56,763 | 69,226 | 4,151 | 1,124 |
| Q1 FY2023 | 8 | 1,366 | 15.9% | 1,555 | $1.1B | $2K | 99 | 57,636 | 69,724 | 3,654 | 1,628 |
| Q4 FY2022 | 5,268 | 6,621 | 24.4% | 702 | $1.1B | $9K | 99 | 58,720 | 13,184 | 3,186 | 1,985 |
| Q3 FY2022 | 4,373 | 1,547 | 21.0% | 1,255 | $1.1B | $8K | 93 | 60,627 | 15,826 | 4,110 | 1,541 |
| Q2 FY2022 | 2,837 | 3,626 | 20.8% | 1,266 | $1.1B | $5K | 92 | 61,893 | 89,984 | 4,817 | 722 |
| Q1 FY2022 | 1,973 | 1,599 | 15.6% | 2,429 | $1.1B | $3K | 88 | 59,079 | 93,270 | 4,438 | 676 |
| Q4 FY2021 | 9,533 | 10,442 | 19.3% | 2,055 | $3.1B | $8K | 101 | 54,867 | 36,978 | 3,593 | 683 |
| Q3 FY2021 | 8,044 | 2,499 | 18.8% | 3,090 | $1.1B | $285K | 103 | 44,174 | 43,338 | 4,582 | 568 |
| Q2 FY2021 | 7,254 | 2,856 | 14.8% | 4,801 | $1.4B | $285K | 106 | 42,492 | 33,418 | 4,748 | 481 |
| Q1 FY2021 | 5,229 | 2,561 | 10.5% | 5,632 | $1.6B | $2K | 110 | 38,502 | 28,784 | 4,351 | 797 |
Source: SEC 8-K earnings releases, extracted via regex with provenance tracking. Showing most recent 20 quarters.
Management Sentiment Analysis
Scored from earnings release language using ML analysis. Range: -1.0 (negative) to +1.0 (positive).
Current Posture
Q4 FY2025
Score: +0.25
Backlog increased 133% due to a wholesale contract and 53% excluding it, with highest Q4 closing pace of 3.1 homes per community per month.
Adjusted gross margin held at a solid 22.3% despite financing incentives and price adjustments, supported by self-developed land cost advantages.
Labor and materials availability assumed stable in 2026 outlook, with no explicit positive or negative commentary on workforce conditions.
Strong land position with 60,842 owned and controlled lots and plans to increase active selling communities, supporting long-term growth.
Management expressed confidence in 2026 guidance and resilience, emphasizing disciplined operations and alignment with homebuyer needs.
Risks noted include mortgage rate volatility, economic conditions, and regulatory uncertainties, with guidance assuming stable market conditions.
Recent Trend
Sentiment for LGI Homes shifted from cautious optimism in Q2 FY2025, marked by resilient demand but withdrawn full-year guidance due to economic uncertainty, to a more optimistic stance in Q3 driven by strong net order growth and increased confidence in backlog and strategy. Margins remained stable and healthy throughout the periods, supported by cost controls and land advantages, while labor conditions held steady with no significant pressures reported. By Q4, the tone moderated back to cautious optimism as management balanced solid backlog growth and margin stability against ongoing risks from mortgage rate volatility and economic uncertainties, maintaining a disciplined operational outlook.
Builder vs. Industry Sentiment
Orange = LGIH · Gray = Industry average (Q1 FY2026)