# LGI Homes, Inc. (LGIH)

> Source: Nexqual · https://nexqual.com/LGIH · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, LGI Homes, Inc. (LGIH), nexqual.com/LGIH" · informational, not investment advice.

**Price:** USD 42.77 (+6.90% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 40.01 · day 39.05–43.2 · 52w 33.55–66.25 · market cap $994M · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.71B, net income $66.2M (3.9% margin), free cash flow $131M (SEC filings).
- Valuation: P/E 15.0x (avg 13.5x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 93 (range 93–93).
- Total return with dividends: 1Y -6.9% vs S&P 500 +14.9%; 5Y -70.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.72, revenue estimate $437M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.05B | $2.30B | $2.36B | $2.20B | $1.71B | $1.71B |
| Gross profit | $818M | $647M | $542M | $533M | $354M | — |
| Operating income | $548M | $390M | $233M | $212M | $79.8M | — |
| Net income | $430M | $327M | $199M | $196M | $72.6M | $66.2M |
| EPS (diluted) | $17.25 | $13.76 | $8.42 | $8.30 | $3.12 | — |
| Free cash flow | — | -$372M | -$58.4M | -$146M | -$141M | $131M |
| Gross margin | 26.8% | 28.1% | 23.0% | 24.2% | 20.7% | — |
| Operating margin | 18.0% | 16.9% | 9.9% | 9.6% | 4.7% | — |
| Net margin | 14.1% | 14.2% | 8.4% | 8.9% | 4.3% | 3.9% |
| Revenue growth | +28.8% | -24.4% | +2.3% | -6.6% | -22.6% | — |
| Cash + short-term investments | $50.5M | $32.0M | $49.0M | $53.2M | $61.2M | — |
| Total debt | $805M | $1.12B | $1.25B | $1.48B | $1.66B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 15.0x · P/S 0.6x · P/FCF 7.6x · P/B 0.5x · FCF yield 13.18% · Earnings yield 6.65%
P/E at fiscal year-ends: Dec 2025 13.8x, Dec 2024 10.8x, Dec 2023 15.8x.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 93 (low 93, high 93).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -6.9% | -70.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -6.9% | -21.7% |
| Volatility (annualized) | 58.8% | 50.6% |
| Max drawdown | -44.3% (Feb 2026→Mar 2026) | -78.6% (Dec 2021→Mar 2026) |

## Peers (Residential Construction)
DFH (Dream Finders Homes, Inc.) USD 10.12 +12.20% · BZH (Beazer Homes USA, Inc.) USD 33.48 +0.09% · BXBL (BOXABL, Inc.) USD 2.95 +4.98% · LEGH (Legacy Housing Corporation) USD 28.31 +3.89% · HOV (Hovnanian Enterprises, Inc.) USD 101.29 +9.86% · GRBK (Green Brick Partners, Inc.) USD 64.94 +7.02%

## More
Full page: https://nexqual.com/LGIH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in LGIH's own 10-K filed 2026-02-20 (https://www.sec.gov/Archives/edgar/data/1580670/000158067026000019/lgih-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | loanDepot, Inc. (LDI) | "The Company has entered into forward purchase commitments with LoanDepot, Inc. Parent, the co-owner of the LGI Mortgage Solutions joint venture in which the Company holds a 50% interest." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Northwest | $138.1M | 26.8% | +37.6% |
| Central | $136.7M | 26.5% | +17.9% |
| Central | $108.2M | 21.0% | -27.9% |
| West | $73.5M | 14.2% | +10.3% |
| Southeast | $59.6M | 11.6% | +7.8% |
| Total revenue | $516.0M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Home Building | $501.5M | 97.2% | +3.7% |
| — Retail Homebuilding (part of Home Building) | $428.0M | 82.9% | +3.9% |
| — Wholesale Homebuilding (part of Home Building) | $73.5M | 14.2% | +2.9% |
| Land And Other | $14.5M | 2.8% | +205.6% |
| Total revenue | $516.0M | 100% | — |

## Company outlook (8-K filed 2026-08-04)

- "We now expect our homebuilding gross margin will range between 19.0% and 21.0% and adjusted homebuilding gross margin between 22.5% and 24.5%."
- "We are also raising the guidance for our full-year average sales price per home closed to between $360,000 and $370,000." Mr."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.72 | $1.01 | -28.7% | $436.6M | 1 |
| Next quarter (ends 2026-12-31) | $0.81 | $1.10 | -26.4% | $537.5M | 1 |
| Current fiscal year (ends 2026-12-31) | $2.78 | $3.36 | -17.3% | $1.81B | 1 |
| Next fiscal year (ends 2027-12-31) | $3.42 | $3.94 | -13.2% | $2.02B | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±14.8%; last 8 reports averaged ±8.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 62.0% | ±14.8% |
| 2026-12-18 | 56 | 57.3% | ±18.5% |
| 2027-02-19 | 119 | 53.7% | ±24.8% |
| 2027-05-21 | 210 | 60.8% | ±36.1% |