stockrowLegacy Housing Corporation
LEGH Consumer Cyclical Residential Construction
Legacy Housing Corporation’s revenue for fiscal 2025 (year ended December 2025) was $164.6 million, down 10.7% from fiscal 2024.
- Revenue
- +72.2%
- EPS
- +136.1%
- Free cash flow
- +113.6%
Quarter to September 2026, against a year earlier
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Legacy Housing Corporation (LEGH) Altman Z-score
Legacy Housing Corporation's Altman Z-score for fiscal 2025 is 7.11, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 7.11 | (3.59) |
| FY2024 | 10.70 | 3.73 |
| FY2023 | 6.97 | (0.12) |
| FY2022 | 7.08 | (1.39) |
| FY2021 | 8.47 | 4.29 |
| FY2020 | 4.18 | (1.08) |
| FY2019 | 5.26 | 0.61 |
| FY2018 | 4.66 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.20 | — | 0.24 | |
| Retained earnings / total assets | 0.63 | — | 0.88 | |
| EBIT / total assets | 0.08 | — | 0.28 | |
| Market value of equity / total liabilities | 9.05 | — | 5.43 | |
| Sales / total assets | 0.28 | — | 0.28 | |
| Altman Z-score | Safe zone | 7.11 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 14.66 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LEGH Legacy Housing Corporation | 7.1× |
| GRBK Green Brick Partners, Inc. compare | 5.7× |
| MHO M/I Homes, Inc. compare | 4.5× |
| KBH KB Home compare | 3.8× |
| MTH Meritage Homes Corporation compare | 3.2× |
| LGIH LGI Homes, Inc. compare | 2.7× |
| DFH Dream Finders Homes, Inc. compare | 2.6× |
| HOV Hovnanian Enterprises Inc compare | 1.9× |
| BXBL BOXABL, Inc compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets