LGI Homes
Builds starter, active-adult, luxury, and wholesale homes across U.S. markets.
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Profile
Designs, constructs, and sells new homes across U.S. markets, anchored by entry-level communities marketed directly to renters and first-time buyers. Revenue comes from home closings under LGI Homes, Terrata Homes, active-adult offerings, and wholesale sales to single-family-rental buyers.
Designs, constructs, and sells new homes in U.S. markets, with the LGI Homes brand centered on attached and detached entry-level homes and active-adult offerings. The original model marketed affordable homes directly to renters and remains tied to first-time-buyer conversion.
Terrata Homes extends the platform into move-up and luxury homes with preselected features, while the wholesale business builds homes for companies acquiring single-family rental properties. Operations are organized through regional homebuilding segments across the Central, Southeast, Northwest, West, and Florida markets.
Execution depends on finding land, building efficiently, and converting demand in mortgage-sensitive local housing markets. The business competes with national, regional, and local builders for buyers, land, materials, labor, and financing.
Company facts
Key statistics
Year to date +37.8% · Average volume (30d) 303.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Oct 9, 2025 | Capital One Financial | Target | $60 | |||
| Jan 27, 2025 | Seaport Global | Upgrade | Sell | Neutral | ||
| Sep 9, 2024 | Wedbush | Upgrade | Underperform | Neutral | $74 | $125 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.98 | $1.16 | +18.7% | $489.2M | $516.0M | +5.5% | +9.55% |
| Apr 28, 2026Q1 FY26 | $0.19 | $0.24 | +26.3% | $328.2M | $319.7M | −2.6% | −2.10% |
| Feb 17, 2026Q4 FY25 | $0.96 | $0.97 | +1.0% | $489.4M | $474.0M | −3.2% | −6.07% |
| Nov 4, 2025Q3 FY25 | $0.94 | $0.85 | −9.6% | $500.2M | $396.6M | −20.7% | +9.40% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $351.4M | $483.5M | $396.6M | $474.0M | $319.7M | $516.0M | |
| Gross profit | $73.7M | $110.6M | $86.1M | $83.1M | $59.9M | $101.7M | |
| Operating income | $169.0K | $39.6M | $21.5M | $18.5M | −$582.0K | $29.0M | |
| Net income | $4.0M | $31.5M | $19.7M | $17.3M | $2.2M | $27.0M | |
| Diluted EPS | $0.17 | $1.36 | $0.85 | $0.75 | $0.09 | $1.16 | |
| Gross margin | 21.0% | 22.9% | 21.7% | 17.5% | 18.7% | 19.7% | |
| Operating margin | 0.0% | 8.2% | 5.4% | 3.9% | -0.2% | 5.6% |
Fiscal years (4-quarter sums)FY21 $3.05B · FY22 $2.30B · FY23 $2.36B · FY24 $2.20B · FY25 $1.71B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $61.1M · Total debt $1.59B · Total assets $3.92B · Shareholders' equity $2.13B
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 23.23M · Float 20.30M · 87.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.56M | 15.33% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 1.29M | 5.57% | 13F | Aug 13, 2026 |
| State Street Corp | 1.21M | 5.20% | 13F | Aug 7, 2026 |
| Atlas FRM LLC | 967.0K | 4.16% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 883.3K | 3.80% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 9, 2026 | Scott James Garber | officer: General Counsel and Secretary | −1,353 | $42.04 |
| Mar 9, 2026 | Eric Thomas Lipar | director, 10 percent owner, officer: CEO and Chairman of the Board | −39,898 | $42.00 |
| Mar 9, 2026 | Charles Michael Merdian | officer: CFO and Treasurer | −7,211 | $42.04 |
| Mar 9, 2026 | Michael Larry Snider | officer: President and COO | −13,887 | $42.04 |
Peers
- D.R. Horton
Scale leader across entry-level, move-up, active-adult and rentals
- Lennar
Large national builder across affordable, move-up, active-adult and rental
- PulteGroup
Diversified Centex, Pulte and Del Webb brands across buyer life stages
- Meritage Homes
Affordable move-in-ready homes for first-time and first move-up buyers
- KB Home
Personalized affordable homes for first-time and first move-up buyers
- Century Communities
Affordable spec homes, online sales and Century Complete entry-level focus
- Dream Finders Homes
Asset-light Sun Belt builder with entry-level, move-up and BFR exposure
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| LGI Homes | $57.50 | +0.03% | $1.34B | 20.2 | 17.4 | 0.8 | +6.7% |
| D.R. Horton | $147.39 | 0.00% | $41.23B | 14.1 | 13.1 | 1.2 | +0.0% |
| Lennar | $86.50 | +0.19% | $21.44B | 13.5 | 15.2 | 0.7 | −5.0% |
| PulteGroup | $128.55 | +0.02% | $24.81B | 13.2 | 12.0 | 1.5 | −9.6% |
| Meritage Homes | $71.02 | −0.14% | $4.74B | 14.9 | 12.9 | 0.9 | −14.3% |
| KB Home | $54.96 | +0.18% | $3.36B | 13.3 | 13.6 | 0.6 | −27.3% |
| Century Communities | $69.16 | −0.06% | $1.97B | 15.2 | 15.0 | 0.5 | −7.3% |
| Dream Finders Homes | $14.76 | 0.00% | $1.36B | 10.0 | 14.8 | 0.3 | −7.6% |
| Median | 13.5 | 13.6 | 0.7 | −7.6% |