Legence Corp.
LGN Industrials Engineering & Construction
Legence Corp.’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 21.5% from fiscal 2024. In the quarter to June 2026, revenue grew 110.7%, free cash flow grew 106.8% and total debt fell 35.7%, each against the same quarter a year earlier.
Follow LGN
Legence Corp. (LGN) Piotroski F-score
Legence Corp.'s Piotroski F-score for fiscal 2025 cannot be worked out: shares outstanding and total assets not reported.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (2.38%) | — | Fail | 0 |
| Positive operating cash flow | 256.87m | 29.27m | Pass | 1 |
| Rising return on assets | (2.38%) | — | n/a | — |
| Cash flow above net income | 316.65m | 57.82m | Pass | 1 |
| Falling long-term leverage | 0.32 | — | n/a | — |
| Rising current ratio | 1.57 | 1.84 | Fail | 0 |
| No new shares issued | 59,381,000 | — | n/a | — |
| Rising gross margin | 21.01% | 20.53% | Pass | 1 |
| Rising asset turnover | 1.01 | — | n/a | — |
| Piotroski F-score | n/a — shares outstanding and total assets not reported | — | ||
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 |
|---|---|
| MYRG MYR Group, Inc. compare | 8 |
| KBR KBR, Inc. compare | 8 |
| TPC Tutor Perini Corporation compare | 7 |
| AGX Argan, Inc. compare | 6 |
| GVA Granite Construction Incorporated compare | 6 |
| ECG Everus Construction Group, Inc. compare | 6 |
| PRIM Primoris Services Corporation compare | 6 |
| ROAD Construction Partners, Inc. compare | 5 |
| LGN Legence Corp. | — |
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