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Entry-level homebuilder marketing homeownership directly to renters through community model-home tours.
Entry-level homebuilder marketing homeownership directly to renters through community model-home tours.
Builds homes largely before a buyer is signed, so houses are ready to close within weeks, and earns the margin between land plus construction cost and the sale price, with small income from mortgage and title services for its buyers. Entry-level buyers make it sensitive to mortgage rates and credit availability.
Moat: narrow (process know-how, brand). Distinctive rent-to-own marketing funnel drives conversion versus typical builder sales offices.
Headquarters: The Woodlands, Texas, United States · Founded: 2003 · Employees: 1,056
Size LGI Homes (LGIH) is a United States Consumer Discretionary company (Homebuilding) with a market value of $1.06B, the 2210th largest of 3,117 United States companies the cockpit tracks. Shares closed at $45.57 on 6 Nov 2026.
Performance Over six months the shares fell 2.4%, against -11.2% for the median peer and -1.1% for the United States market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 1.9% over the last twelve months (peer median +7.3%); the operating margin is 4.2% (peer median 5.9%).
Valuation It trades at 17.1× forward earnings against a peer median of 11.8× (7th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is +25 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.4 points below its cost of capital (9.0% WACC).
Credit LGI Homes has 2 bonds outstanding ($700M), rated B by the agencies and trading like B+ at a weighted spread of 277 bp.
Short interest Short interest is 14.2% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.75B | $1.71B | $2.20B | $2.36B | $2.30B |
| Revenue growth | — | -23% | -7% | +2% | — |
| Gross profit | $335M | $354M | $533M | $542M | $647M |
| EBITDA | $79.4M | $84.1M | $215M | $236M | $392M |
| Net income | $71.0M | $72.6M | $196M | $199M | $327M |
| Free cash flow | $182M | -$141M | -$146M | -$52.7M | -$371M |
| Capital expenditure | $2.51M | $924,000 | $1.95M | $1.44M | $1.19M |
| Total debt | $1.55B | $1.66B | $1.49B | $1.25B | $1.12B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| LGI Homes LGIH | $1.06B | -2% | -2% | 4% | 17.1× | 18.3% |
| KB Home KBH | $3.08B | +2% | -21% | 5% | 14.9× | 15.2% |
| Century Communities CCS | $1.56B | 0% | -7% | 2% | 29.2× | n/a |
| Dream Finders Homes DFH | $1.12B | -13% | -11% | 3% | 441.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LGIH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | 0.0% | 8th highest of 21 |
| 6-month return | -2.4% | -11.2% | 8th highest of 21 |
| Distance from 52-week high | -31.2% | -27.7% | 7th lowest of 21 |
| Revenue growth (TTM) | -1.9% | +7.3% | 9th lowest of 21 |
| Operating margin | 4.2% | 5.9% | 8th lowest of 21 |
| Forward P/E | 17.1× | 11.8× | 7th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 18.3% | -7.9% | most demanding of 12 |
| Growth delivered (Del g) | -6.4% | +1.8% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | +24.6 pp | -8.8 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | -7.4 pp | +0.4 pp | 3rd lowest of 21 |
| Net debt / EBITDA | 18.6× | 2.8× | 2nd most indebted of 14 |
| Bond spread | 277 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LGI Homes LGIH | United States | $1.06B | -2% | -2% | 4% | 17.1× | 18.3% | -6.4% |
| Black Diamond BDI.TO | Canada | $1.02B | +25% | +26% | 12% | 32.7× | n/a | n/a |
| Dream Finders Homes DFH | United States | $1.12B | -13% | -11% | 3% | 441.3× | n/a | n/a |
| Vistry VTY.L | United Kingdom | $1.12B | -19% | -8% | -9% | 9.5× | n/a | n/a |
| CEVIA Enviro 000885.SZ | China | $1.16B | -14% | -2% | 27% | 6.0× | -8.3% | +14.0% |
| Okumura 1833.T | Japan | $1.19B | -17% | 0% | 5% | n/a | n/a | n/a |
| Huaku Development 2548.TW | Taiwan | $928M | -21% | +331% | 22% | 19.9× | -18.6% | +10.0% |
| JSL Construction & Development 2540.TW | Taiwan | $1.25B | -14% | -35% | 3% | n/a | n/a | n/a |
| Nishimatsu Construction 1820.T | Japan | $1.28B | -11% | +14% | 8% | 9.6× | n/a | n/a |
| Dexterra DXT.TO | Canada | $876M | +59% | +9% | 6% | 24.0× | 5.1% | +17.2% |
| Shanghai Tongji Science & Technology Industrial 600846.SS | China | $870M | -27% | +51% | 3% | n/a | 7.8% | -6.8% |
| Run Long Construction 1808.TW | Taiwan | $844M | +10% | +741% | 25% | n/a | -12.0% | -3.2% |
| Gemdale 600383.SS | China | $1.45B | -26% | -47% | -24% | n/a | 10.8% | -15.6% |
| Tokyu Construction 1720.T | Japan | $774M | -21% | +11% | 5% | 9.3× | -13.6% | +8.1% |
| Chongqing Construction Engineering 600939.SS | China | $773M | -11% | -28% | -4% | n/a | -7.9% | -16.8% |
| Takamatsu Construction 1762.T | Japan | $769M | +16% | +6% | 6% | 9.5× | n/a | n/a |
| Century Communities CCS | United States | $1.56B | 0% | -7% | 2% | 29.2× | n/a | n/a |
| Cathay Real Estate Development 2501.TW | Taiwan | $719M | -9% | +14% | 19% | 6.8× | -20.7% | +11.7% |
| Legacy Housing LEGH | United States | $694M | +25% | -3% | 33% | 14.1× | 3.5% | -1.4% |
| Atal 1AT.WA | Poland | $668M | -5% | +40% | 26% | 5.7× | -3.9% | +1.8% |
| Katitas 8919.T | Japan | $1.69B | +11% | +20% | 12% | 18.6× | n/a | n/a |
LGI Homes has 2 bonds outstanding with $700M face value. The agencies rate it B; its bonds trade like B+. Weighted yield 7.23%, a spread of 277 bp over government bonds.