LGI Homes, Inc.
LGIH Consumer Cyclical Residential Construction
LGI Homes, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, down 22.6% from fiscal 2024. In the quarter to June 2026, revenue grew 5.70%, EPS fell 14.7%, free cash flow grew 254.2% and total debt fell 9.19%, each against the same quarter a year earlier.
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LGI Homes, Inc. (LGIH) Piotroski F-score
LGI Homes, Inc.'s Piotroski F-score for fiscal 2025 is 3 out of 9: 3 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 3 | 0.00 |
| FY2024 | 3 | 0.00 |
| FY2023 | 3 | 0.00 |
| FY2022 | 3 | (4.00) |
| FY2021 | 7 | 1.00 |
| FY2020 | 6 | 4.00 |
| FY2019 | 2 | (1.00) |
| FY2018 | 3 | (1.00) |
| FY2017 | 4 | 0.00 |
| FY2016 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.89% | 5.47% | Pass | 1 |
| Positive operating cash flow | (139.97m) | (143.74m) | Fail | 0 |
| Rising return on assets | 1.89% | 5.47% | Fail | 0 |
| Cash flow above net income | (212.52m) | (339.81m) | Fail | 0 |
| Falling long-term leverage | 0.43 | 0.41 | Fail | 0 |
| Rising current ratio | 20.98 | 14.61 | Pass | 1 |
| No new shares issued | 23,189,000 | 23,529,700 | Pass | 1 |
| Rising gross margin | 20.73% | 24.21% | Fail | 0 |
| Rising asset turnover | 0.44 | 0.61 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 3 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| HOV Hovnanian Enterprises Inc compare | 6 |
| KBH KB Home compare | 5 |
| BZH Beazer Homes USA, Inc. compare | 5 |
| MHO M/I Homes, Inc. compare | 5 |
| LEGH Legacy Housing Corporation compare | 4 |
| GRBK Green Brick Partners, Inc. compare | 4 |
| MTH Meritage Homes Corporation compare | 4 |
| DFH Dream Finders Homes, Inc. compare | 3 |
| LGIH LGI Homes, Inc. | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover