Pulling SEC filings + quote and writing the call…

Legence Corp.
Next earnings Aug 10, 2026 · consensus $0.36 EPS, $1.08B rev
Last earnings -11.0% on 2026-05-14
Fast-growing data-center MEP contractor with a $3.7B backlog, but still loss-making and levered 4.82x.
Legence is riding a powerful demand tailwind. FY2025 revenue grew to $2.55B (+21.5% YoY), the third straight year of strong growth from $1.62B in FY2023 and $2.10B in FY2024. Growth is concentrated in attractive end markets: data centers & technology revenue rose to $1,087,800 thousand (42.7% of revenue) and the company reported $3.7 billion of backlog and awarded contracts, up 49% year over year. Operating cash flow surged to $257M (+777.7%), and cash & equivalents nearly tripled to $230M (+183.6%), demonstrating that the model can self-fund working capital as activity scales.
Sources: SEC EDGAR (CIK 0002052568, latest 10-Q filed 2026-05-14) · EODHD · analysis by claude-code · as of 6/21/2026, 8:44:57 PM.
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The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | $1.62B | $2.10B | $2.55B |
| Gross profit | $315M | $431M | $536M |
| Operating income | $10.3M | $70.4M | $61.6M |
| Net income | -$46.0M | -$28.6M | -$59.8M |
| Diluted EPS | — | — | — |
| Net margin | -2.8% | -1.4% | -2.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Last 90 days: 0 open-market buys · 4 sales
| 2026-06-11 | Keenen Terrence Director | Award | 1.68K | |
| 2026-06-11 | Coghlan David Joseph Director | Award | 1.68K | |
| 2026-06-11 | Kelly Christie B. Director | Award | 1.68K | |
| 2026-04-09 | Blackstone EMA III L.L.C. 10% owner | Acquired (C) | 9.53M | |
| 2026-04-09 | Blackstone EMA III L.L.C. 10% owner | Disposed (C) | 9.53M | |
| 2026-04-09 | Blackstone EMA III L.L.C. 10% owner | Sell | 9.53M @ $54.00 | $515M |
| 2026-04-09 | Blackstone EMA III L.L.C. 10% owner | Sell | 5.87M @ $54.00 | $317M |
| 2026-04-09 | Legence Parent ML LLC 10% owner | Acquired (C) | 9.53M | |
| 2026-04-09 | Legence Parent ML LLC 10% owner | Disposed (C) | 9.53M | |
| 2026-04-09 | Legence Parent ML LLC 10% owner | Sell | 9.53M @ $54.00 | $515M |
| 2026-04-09 | Legence Parent ML LLC 10% owner | Sell | 5.87M @ $54.00 | $317M |
| 2026-03-16 | Sprau Jeffrey Chief Executive Officer | Award | 34.2K |
1072 tracked peers · median
2 buys · 1 member · last 180d
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.