LGN
Legence Corp.
NasdaqGSUSDEQUITY
Industrials
DELAYED
Neutral
+3/100
Last price
56.34
▲ 2.55 (4.74%)
MARKET · —
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Open
—
Prev close
53.79
Day high
56.74
Day low
54.23
Volume
910.73K
Market cap
$9.26B
P/E (TTM)
—
52W range
29.45 – 107.24
Trailing performance
Returnvs SPY
1W
+4.92%
+3.0%
1M
+6.36%
+5.2%
3M
-21.70%
-26.2%
6M
+2.47%
-15.7%
YTD
+30.90%
+16.7%
1Y
+77.90%
+61.5%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on LGN open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-5.86M
Net selling
Buy transactions
6
9.54M shares
Sell transactions
3
15.40M shares
Net transactions
+9
Buys less sells
Sell : buy shares
1.6 : 1
Mixed
Insider-held shares
192.26K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 18, 26 | LE BRIS PHILIPPE Officer |
SELL | 1.06K | $58.20K | Direct |
| Sep 15, 26 | LE BRIS PHILIPPE Officer |
SELL | 4.20K | $226.84K | Direct |
| Sep 15, 26 | LE BRIS PHILIPPE Officer |
CONVERSION | 4.20K | $117.49K | Direct |
| Aug 18, 26 | CRISCI ROBERT C Director |
STOCK | 2.26K | $0 | Direct |
| Jun 11, 26 | COGHLAN DAVID JOSEPH Director |
STOCK | 1.68K | $0 | Direct |
| Jun 11, 26 | KELLY CHRISTIE BARTON Director |
STOCK | 1.68K | $0 | Direct |
| Jun 11, 26 | KEENEN TERRENCE Director |
STOCK | 1.68K | $0 | Direct |
| Apr 9, 26 | LEGENCE PARENT ML L.L.C Beneficial Owner of more than 10% of a Class of Security |
SELL | 15.39M | $831.28M | Indirect |
| Apr 9, 26 | LEGENCE PARENT ML L.L.C Beneficial Owner of more than 10% of a Class of Security |
— | 9.53M | — | Indirect |
| Mar 16, 26 | BUTZ STEPHEN M Chief Financial Officer |
STOCK | 9.76K | $0 | Direct |
| Mar 16, 26 | SEKI BRYCE TADAHIRO General Counsel |
STOCK | 4.39K | $0 | Direct |
| Mar 16, 26 | SPRAU JEFFREY Chief Executive Officer |
STOCK | 34.17K | $0 | Direct |
| Mar 16, 26 | BARNES GREGORY Officer |
STOCK | 4.39K | $0 | Direct |
| Mar 16, 26 | LE BRIS PHILIPPE Officer |
STOCK | 1.95K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BARNES GREGORY |
Officer | 12.43K | Stock Award(Grant) |
BLACKSTONE EMA III LLC |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
BUTZ STEPHEN M |
Chief Financial Officer | 27.62K | Stock Award(Grant) |
HANSEN STEPHEN DALE |
Chief Operating Officer | 25.26K | Stock Award(Grant) |
KEENEN TERRENCE |
Director | 15.96K | Stock Award(Grant) |
KELLY CHRISTIE BARTON |
Director | 7.03K | Stock Award(Grant) |
LEGENCE PARENT ML L.L.C |
Beneficial Owner of more than 10% of a Class of Security | — | Sale |
SCHWARTZ JUSTIN |
Officer | 11.05K | Stock Award(Grant) |
SEKI BRYCE TADAHIRO |
General Counsel | 12.43K | Stock Award(Grant) |
SPRAU JEFFREY |
Chief Executive Officer | 96.67K | Stock Award(Grant) |
Fundamentals
Market cap$9.26B
Enterprise value$5.61B
Revenue (TTM)$3.75B
Gross profit$701.93M
EBITDA$257.85M
Net income$-19.06M
EPS (TTM)$-0.84
Free cash flow$370.28M
Total cash$295.44M
Total debt$1.20B
Book value / share$7.81
Shares outstanding76.90M
Float57.33M
Short % of float5.90%
Dividend yield0.00%
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E22.75
PEG ratio—
Price / sales—
Price / book7.21
EV / revenue1.50
EV / EBITDA21.76
Gross margin18.74%
Operating margin2.75%
Profit margin-1.20%
Return on equity-12.43%
Return on assets2.34%
Debt / equity122.32
Current ratio1.35
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.55B | $2.10B | $1.62B | $1.25B | +21.5% |
| Operating revenue | $2.55B | $2.10B | $1.62B | $1.25B | +21.5% |
| Cost of revenue | $2.01B | $1.67B | $1.30B | $1.01B | +20.8% |
| Gross profit | $535.92M | $430.77M | $315.15M | $233.71M | +24.4% |
| Selling, general & admin | $342.63M | $242.89M | $186.06M | $142.05M | +41.1% |
| Total operating expense | $442.99M | $340.04M | $266.30M | $224.56M | +30.3% |
| Operating income | $92.93M | $90.73M | $48.85M | $9.14M | +2.4% |
| Net interest income | -$97.29M | -$86.14M | -$63.95M | -$50.60M | -12.9% |
| Pre-tax income | -$55.14M | -$23.12M | -$53.94M | -$74.66M | -138.5% |
| Tax provision | $22.16M | $4.52M | -$7.92M | $7.61M | +390.2% |
| Net income | -$59.78M | -$28.55M | -$46.03M | -$82.27M | -109.4% |
| Net income to common | -$59.78M | -$28.55M | -$46.03M | -$82.27M | -109.4% |
| Basic EPS | -0.57 | -0.52 | -0.83 | -0.81 | -10.3% |
| Diluted EPS | -0.57 | -0.52 | -0.83 | -0.81 | -10.3% |
| EBIT | $46.64M | $68.49M | $14.25M | -$23.82M | -31.9% |
| EBITDA | $160.92M | $179.34M | $107.05M | $69.19M | -10.3% |
| Basic shares | 59.38M | 55.24M | 55.24M | 101.70M | +7.5% |
| Diluted shares | 59.38M | 101.97M | 101.97M | 101.70M | -41.8% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $230.17M | $81.17M | $88.92M | +183.6% |
| Cash & short-term investments | $230.17M | $81.17M | $88.92M | +183.6% |
| Accounts receivable | $14.25M | $7.50M | $7.82M | +89.9% |
| Inventory | $11.30M | $10.25M | $10.00M | +10.3% |
| Total current assets | $1.11B | $756.41M | $688.67M | +46.8% |
| Property, plant & equipment | $209.47M | $164.30M | $138.02M | +27.5% |
| Goodwill & intangibles | $1.32B | $1.41B | $1.29B | -6.4% |
| Total assets | $2.68B | $2.35B | $2.13B | +13.9% |
| Total current liabilities | $708.16M | $411.11M | $439.56M | +72.3% |
| Current debt | $16.69M | $22.98M | $15.61M | -27.4% |
| Long-term debt | $1.02B | $1.59B | $1.04B | -35.7% |
| Total debt | $1.16B | $1.70B | $1.12B | -31.8% |
| Total liabilities | $1.89B | $2.15B | $1.60B | -12.0% |
| Retained earnings | -$309.95M | -$250.17M | -$221.61M | -23.9% |
| Shareholder equity | $702.84M | $0 | $0 | — |
| Working capital | $402.19M | $345.31M | $249.11M | +16.5% |
| Net tangible assets | -$612.91M | -$1.41B | -$1.29B | +56.4% |
| Shares issued | 63.86M | 55.02M | 55.02M | +16.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$77.30M | -$27.64M | -$46.03M | -$82.27M | -179.6% |
| Depreciation & amortisation | $114.29M | $110.85M | $92.80M | $93.02M | +3.1% |
| Stock-based compensation | $67.55M | $5.41M | $10.05M | $5.18M | +1,148.4% |
| Change in working capital | $76.93M | -$83.28M | -$60.95M | -$35.19M | +192.4% |
| Operating cash flow | $256.87M | $29.27M | $33.92M | $27.00M | +777.7% |
| Capital expenditure | -$37.94M | -$19.01M | -$17.07M | -$26.31M | -99.6% |
| Investing cash flow | -$54.05M | -$243.99M | -$133.90M | -$160.38M | +77.8% |
| Dividends paid | $0 | -$301.61M | -$1.53M | -$268.00K | +100.0% |
| Financing cash flow | -$53.83M | $206.96M | $128.47M | $173.81M | -126.0% |
| Free cash flow | $218.93M | $10.26M | $16.84M | $684.00K | +2,033.8% |
| End cash position | $230.17M | $81.17M | $88.92M | $60.43M | +183.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.26B | $1.04B | $737.64M | $708.01M | $598.89M | +21.6% |
| Operating revenue | $1.26B | $1.04B | $737.64M | $708.01M | $598.89M | +21.6% |
| Cost of revenue | $1.04B | $851.74M | $590.15M | $559.95M | $470.22M | +22.3% |
| Gross profit | $220.23M | $186.15M | $147.49M | $148.06M | $128.67M | +18.3% |
| Selling, general & admin | $147.59M | $116.09M | $114.81M | $85.89M | $72.47M | +27.1% |
| Total operating expense | $185.56M | $152.92M | $139.56M | $110.07M | $97.81M | +21.3% |
| Operating income | $34.67M | $33.23M | $7.93M | $37.99M | $30.86M | +4.3% |
| Net interest income | -$15.00M | -$15.68M | -$11.65M | -$27.11M | -$29.64M | +4.4% |
| Pre-tax income | -$23.47M | $4.01M | -$46.17M | $4.46M | $1.68M | -684.9% |
| Tax provision | $11.09M | -$13.38M | $8.50M | $4.08M | $5.55M | +182.9% |
| Net income | -$27.84M | $16.09M | -$32.72M | -$576.00K | -$5.27M | -273.0% |
| Net income to common | -$27.84M | $16.09M | -$32.72M | -$576.00K | -$5.27M | -273.0% |
| Basic EPS | -0.37 | 0.24 | -0.55 | -0.02 | -0.10 | -254.2% |
| Diluted EPS | -0.37 | 0.13 | -0.55 | -0.02 | -0.10 | -384.6% |
| EBIT | -$6.56M | $21.01M | -$32.63M | $32.64M | $32.08M | -131.2% |
| EBITDA | $37.63M | $63.29M | -$3.95M | $60.13M | $60.85M | -40.5% |
| Basic shares | 76.03M | 67.15M | 59.56M | 58.51M | 55.02M | +13.2% |
| Diluted shares | 76.03M | 108.43M | 59.56M | 58.51M | 55.02M | -29.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $291.98M | $244.62M | $230.17M | $176.03M | $98.06M | +19.4% |
| Cash & short-term investments | $291.98M | $244.62M | $230.17M | $176.03M | $98.06M | +19.4% |
| Accounts receivable | $12.15M | $8.68M | $14.25M | $4.60M | $5.38M | +40.0% |
| Inventory | $14.17M | $14.25M | $11.30M | $10.91M | $10.37M | -0.5% |
| Total current assets | $1.65B | $1.47B | $1.11B | $1.04B | $838.67M | +12.1% |
| Property, plant & equipment | $283.95M | $259.15M | $209.47M | $187.56M | $175.25M | +9.6% |
| Goodwill & intangibles | $1.61B | $1.69B | $1.32B | $1.35B | $1.36B | -4.2% |
| Total assets | $3.74B | $3.48B | $2.68B | $2.60B | $2.43B | +7.4% |
| Total current liabilities | $1.22B | $1.13B | $708.16M | $659.99M | $513.95M | +8.1% |
| Current debt | $26.20M | $18.30M | $16.69M | $16.30M | $26.15M | +43.2% |
| Long-term debt | $1.01B | $1.01B | $1.02B | $812.63M | $907.49M | -0.0% |
| Total debt | $1.20B | $1.18B | $1.16B | $941.55M | $1.04B | +1.5% |
| Total liabilities | $2.76B | $2.53B | $1.89B | $1.77B | $1.68B | +9.1% |
| Retained earnings | -$321.70M | -$293.86M | -$309.95M | -$277.23M | -$284.13M | -9.5% |
| Shareholder equity | $600.46M | $505.44M | $702.84M | $387.88M | $369.09M | +18.8% |
| Working capital | $423.51M | $337.19M | $402.19M | $377.81M | $324.73M | +25.6% |
| Net tangible assets | -$1.01B | -$1.18B | -$612.91M | -$957.42M | -$995.85M | +14.0% |
| Shares issued | 76.88M | 67.34M | 63.86M | 58.51M | 55.02M | +14.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$34.56M | $17.39M | -$54.67M | $379.00K | -$3.87M | — | -298.7% |
| Depreciation & amortisation | $44.19M | $42.28M | $28.68M | $27.49M | $28.77M | — | +4.5% |
| Stock-based compensation | $59.83M | $36.65M | $45.67M | $18.64M | $7.70M | — | +63.2% |
| Change in working capital | -$49.22M | $32.52M | $27.50M | $31.29M | -$2.59M | — | -251.4% |
| Operating cash flow | $74.38M | $120.11M | $94.75M | $99.58M | $33.08M | — | -38.1% |
| Capital expenditure | -$24.05M | -$17.82M | -$13.21M | -$10.57M | -$8.80M | — | -34.9% |
| Investing cash flow | -$23.92M | -$299.02M | -$29.09M | -$10.51M | -$8.70M | — | +92.0% |
| Dividends paid | — | — | $0 | $0 | $0 | $0 | — |
| Financing cash flow | -$3.10M | $193.36M | -$11.53M | -$10.94M | -$15.61M | — | -101.6% |
| Free cash flow | $50.34M | $102.29M | $81.54M | $89.01M | $24.28M | — | -50.8% |
| End cash position | $291.98M | $244.62M | $230.17M | $176.03M | $97.90M | — | +19.4% |
Options analytics
Put / call volume
0.80
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
45.00
-20.1% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
56
Contracts, this expiry
Put volume
45
Contracts, this expiry
Heaviest call OI
35.00
0 contracts
Heaviest put OI
45.00
4 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.34 | 0.22 | -33.2% |
| Mar 2026 | 0.18 | 0.29 | +67.7% |
| Dec 2025 | 0.05 | 0.23 | +383.4% |
| Sep 2025 | 0.08 | 0.16 | +96.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.59 | 8 | $1.26B | +78.1% |
| Next quarter | 0.54 | 8 | $1.23B | +66.1% |
| Current year | 1.49 | 9 | $4.78B | +87.6% |
| Next year | 2.48 | 11 | $5.45B | +13.8% |
Analyst targets & ownership
Mean target$102.53
High target$130.00
Low target$80.00
Implied upside81.98%
Analyst count17
ConsensusSTRONG BUY
Strong buy / Buy2 / 14
Hold1
Sell / Strong sell0 / 0
Held by insiders0.25%
Held by institutions114.20%
Institutions holding361
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
53.41
+5.49% from price
SMA 20
53.92
+4.48% from price
SMA 50
57.70
-2.36% from price
SMA 100
68.81
-18.12% from price
SMA 200
63.52
-11.30% from price
EMA 12
53.96
+4.42% from price
EMA 26
55.05
+2.33% from price
EMA 50
58.51
-3.71% from price
RSI (14)
53.3
Neutral
MACD (12,26,9)
-1.10
Hist 0.57
ATR (14)
2.54
4.51% of price
Realised vol 30D
50.2%
Annualised
Bollinger upper
56.48
20, 2σ
Bollinger lower
51.37
20, 2σ
50 / 200 cross
Death
57.70 vs 63.52
Trend bias
Below 200
-11.30%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
2.53
More volatile than market
Correlation to SPY
0.46
Loosely linked
Realised vol 30D
50.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-49.8%
Peak to trough
Max drawdown 5Y
-49.8%
Peak to trough
ATR 14
2.54
4.51% of price
Beta (reported)
—
5Y monthly, from filing
Short interest
Shares short
3.40M
Prior 3.23M
Change vs prior
+5.2%
Shorts adding
% of float
5.90%
Normal
% of shares out
4.42%
Against total outstanding
Days to cover
3.9
Liquid
Float
57.33M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 19, 26 | Tigress Financial | MAINTAINED | Buy | Buy |
| Aug 18, 26 | Guggenheim | MAINTAINED | Buy | Buy |
| Aug 14, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Aug 14, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
| Aug 14, 26 | BTIG | MAINTAINED | Buy | Buy |
| Aug 12, 26 | Roth Capital | MAINTAINED | Buy | Buy |
| Jul 22, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jul 10, 26 | Guggenheim | MAINTAINED | Buy | Buy |
| Jun 22, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 19, 26 | Tigress Financial | MAINTAINED | Buy | Buy |
| May 19, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 15, 26 | BMO Capital | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-18
Corporate Changes & Voting Matters
8-K · 2026-08-13
Corporate Changes & Voting Matters
8-K · 2026-06-11
Corporate Changes & Voting Matters
8-K · 2026-05-14
Proxy Statements
DEF 14A · 2026-04-29
Offering Registrations
S-1MEF · 2026-04-07
A correspondence can be sent as a document with another submission type or can be sent as a separate submission
CORRESP · 2026-04-06
Periodic Financial Reports
10-K · 2026-03-30
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3 US Stocks Building The AI Data Center Power Trade
Simply Wall St. · 7d ago
Quantum Names Mike Heuer as Chief Information Officer
MT Newswires · 23d ago
Quantum Appoints Mike Heuer as Chief Information Officer
Business Wire · 23d ago
Is Argan (AGX) Stock Outpacing Its Construction Peers This Year?
Zacks · 26d ago
Legence (LGN) Doubled Revenue While Margins And Losses Widened
Insider Monkey · 33d ago
Tigress Financial Adjusts Price Target on Legence to $130 From $125, Keeps Buy Rating
MT Newswires · 49d ago
Could Legence (LGN) Be a Major Winner From the AI Data Center Construction Boom?
Insider Monkey · 50d ago
Legence (LGN) Reported $41.08 Million In Q2 2026 Asset Impairments
Simply Wall St. · 53d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.