Lgi Homes, Inc. - Understand $lgih stock

$LGIH Market Cap: $2.563 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$2.254B

TTM

Gross Margin

24.24%

TTM

Net Earnings

$197.3M

TTM

Current Assets

$3.504B

Q3 2024

Current Liabilities

$216.8M

Q3 2024

Current Ratio

1616.3%

Q3 2024

Total Assets

$3.826B

Q3 2024

Total Liabilities

$1.829B

Q3 2024

Book Value

$1.997B

Q3 2024

Cash

$60.90M

Q3 2024

P/E

12.99

Nov 29, 2024 EST

Free Cash Flow

-$237.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.359B	$2.304B	$3.050B	$2.368B	$1.838B	$1.504B	$1.258B	$838.3M	$630.2M	$383.3M	$162.8M	$76.22M	$50.46M
YoY Change	2.35%	-24.45%	28.81%	28.82%	22.19%	19.59%	50.06%	33.02%	64.44%	135.43%	113.58%	51.06%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$2.359B	$2.304B	$3.050B	$2.368B	$1.838B	$1.504B	$1.258B	$838.3M	$630.2M	$383.3M	$162.8M	$76.22M	$50.46M
Cost Of Revenue	$1.816B	$1.658B	$2.232B	$1.765B	$1.402B	$1.124B	$937.5M	$616.7M	$463.3M	$280.5M	$121.3M	$54.53M	$36.70M
Gross Profit	$542.2M	$646.6M	$818.0M	$603.1M	$436.5M	$379.9M	$320.4M	$221.6M	$166.9M	$102.8M	$41.47M	$21.69M	$13.76M
Gross Profit Margin	22.99%	28.06%	26.82%	25.47%	23.75%	25.25%	25.47%	26.44%	26.49%	26.82%	25.47%	28.46%	27.26%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$308.9M	$256.5M	$270.3M	$238.4M	$208.9M	$179.8M	$150.6M	$110.1M	$87.26M	$60.42M	$29.37M	$13.37M	$10.01M
YoY Change	20.44%	-5.12%	13.4%	14.09%	16.2%	19.38%	36.75%	26.23%	44.43%	105.69%	119.78%	33.52%
% of Gross Profit	56.98%	39.67%	33.05%	39.53%	47.87%	47.33%	47.01%	49.7%	52.27%	58.78%	70.83%	61.62%	72.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.408M	$1.576M	$1.154M	$710.0K	$643.0K	$711.0K	$791.0K	$1.089M	$883.0K	$825.0K	$292.0K	$185.0K	$79.75K
YoY Change	52.79%	36.57%	62.54%	10.42%	-9.56%	-10.11%	-27.36%	23.33%	7.03%	182.53%	57.84%	131.98%
% of Gross Profit	0.44%	0.24%	0.14%	0.12%	0.15%	0.19%	0.25%	0.49%	0.53%	0.8%	0.7%	0.85%	0.58%
Operating Expenses	$308.9M	$256.5M	$270.3M	$238.4M	$208.9M	$179.8M	$150.6M	$110.1M	$87.26M	$60.42M	$29.37M	$13.37M	$10.01M
YoY Change	20.44%	-5.12%	13.4%	14.09%	16.2%	19.38%	36.75%	26.23%	44.43%	105.69%	119.78%	33.52%
Operating Profit	$233.3M	$390.1M	$547.7M	$364.7M	$227.5M	$200.1M	$169.8M	$111.5M	$79.67M	$42.37M	$16.38M	$9.851M	$4.462M
YoY Change	-40.21%	-28.77%	50.17%	60.29%	13.71%	17.85%	52.33%	39.91%	88.04%	158.61%	66.32%	120.79%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$51.00K	$1.000K	$28.15K
YoY Change										-100.0%	5000.0%	-96.45%
% of Operating Profit	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.31%	0.01%	0.63%
Other Income/Expense, Net	$28.50M	$28.01M	$9.053M	$3.100M	$4.500M	$2.600M	$1.600M	$2.200M	$600.0K	$700.0K	$0.00	$200.0K	$200.0K
YoY Change	1.75%	209.39%	192.03%	-31.11%	73.08%	62.5%	-27.27%	266.67%	-14.29%		-100.0%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$261.8M	$418.1M	$542.8M	$367.8M	$231.8M	$199.1M	$171.4M	$113.7M	$80.28M	$43.08M	$22.80M	$10.02M	$4.637M
YoY Change	-37.4%	-22.97%	47.55%	58.67%	16.44%	16.16%	50.79%	41.59%	86.36%	88.92%	127.51%	116.14%
Income Tax	$62.53M	$91.55M	$113.1M	$43.95M	$53.22M	$43.81M	$58.10M	$38.64M	$27.45M	$14.87M	$1.066M	$155.0K	$124.9K
% Of Pretax Income	23.89%	21.9%	20.84%	11.95%	22.96%	22.01%	33.89%	33.99%	34.19%	34.51%	4.67%	1.55%	2.69%
Net Earnings	$199.2M	$326.6M	$429.6M	$323.9M	$178.6M	$155.3M	$113.3M	$75.03M	$52.83M	$28.21M	$22.33M	$9.705M	$3.350M
YoY Change	-38.99%	-23.99%	32.65%	81.34%	15.02%	37.05%	51.01%	42.02%	87.27%	26.35%	130.06%	189.67%
Net Earnings / Revenue	8.45%	14.17%	14.09%	13.68%	9.72%	10.32%	9.01%	8.95%	8.38%	7.36%	13.71%	12.73%	6.64%
Basic Earnings Per Share	$8.48	$13.90	$17.46	$12.89	$7.70	$6.89	$5.24	$3.61	$2.65	$1.37
Diluted Earnings Per Share	$8.42	$13.76	$17.25	$12.76	$7.02	$6.24	$4.73	$3.41	$2.44	$1.33	$1.072M	$500.0K	$175.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$48.98M	$32.00M	$50.51M	$35.90M	$38.30M	$46.60M	$67.60M	$49.50M	$37.60M	$31.40M	$54.10M	$7.100M	$5.100M
YoY Change	53.07%	-36.66%	40.71%	-6.27%	-17.81%	-31.07%	36.57%	31.65%	19.75%	-41.96%	661.97%	39.22%
Cash & Equivalents	$48.98M	$32.00M	$50.51M	$35.90M	$38.30M	$46.60M	$67.60M	$49.50M	$37.60M	$31.40M	$54.10M	$7.100M	$5.100M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$3.108B	$2.757B	$2.086B	$1.570B	$1.500B	$1.228B	$918.9M	$717.7M	$531.2M	$367.9M	$142.0M	$28.50M	$12.50M
Prepaid Expenses
Receivables	$41.32M	$25.14M	$57.91M	$115.9M	$56.40M	$42.80M	$44.70M	$17.10M	$17.30M	$7.400M	$5.400M	$1.900M	$1.000M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$3.198B	$2.814B	$2.194B	$1.721B	$1.594B	$1.318B	$1.031B	$784.3M	$586.1M	$406.7M	$201.5M	$37.50M	$18.60M
YoY Change	13.66%	28.22%	27.48%	7.97%	20.99%	27.78%	31.48%	33.82%	44.11%	101.84%	437.33%	101.61%
Property, Plant & Equipment	$45.52M	$37.90M	$22.04M	$8.500M	$6.900M	$1.400M	$1.700M	$2.000M	$2.100M	$1.600M	$800.0K	$700.0K	$500.0K
YoY Change	20.12%	71.92%	159.34%	23.19%	392.86%	-17.65%	-15.0%	-4.76%	31.25%	100.0%	14.29%	40.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$104.5M	$141.8M										$4.400M	$2.300M
YoY Change	-26.33%											91.3%
Other Assets	$38.52M	$31.22M	$46.90M	$44.20M	$41.90M	$48.50M	$20.80M	$15.00M	$7.000M	$12.60M	$5.500M	$1.300M	$800.0K
YoY Change	23.38%	-33.44%	6.11%	5.49%	-13.61%	133.17%	38.67%	114.29%	-44.44%	129.09%	323.08%	62.5%
Total Long-Term Assets	$209.9M	$311.2M	$157.5M	$104.8M	$71.80M	$77.80M	$48.70M	$30.20M	$32.60M	$31.40M	$19.50M	$8.100M	$4.900M
YoY Change	-32.55%	97.53%	50.32%	45.96%	-7.71%	59.75%	61.26%	-7.36%	3.82%	61.03%	140.74%	65.31%
Total Assets	$3.408B	$3.125B	$2.352B	$1.826B	$1.666B	$1.396B	$1.080B	$814.5M	$618.7M	$438.1M	$221.0M	$45.60M	$23.50M
YoY Change
Accounts Payable	$31.62M	$25.29M	$14.17M	$13.70M	$12.50M	$9.200M	$12.00M	$12.30M	$24.00M	$15.50M	$14.00M	$3.200M	$1.400M
YoY Change	25.03%	78.43%	3.45%	9.6%	35.87%	-23.33%	-2.44%	-48.75%	54.84%	10.71%	337.5%	128.57%
Accrued Expenses	$271.9M	$126.5M	$103.0M	$84.50M	$71.90M	$55.10M	$43.90M	$36.40M	$30.70M	$15.50M	$4.200M	$2.100M	$1.000M
YoY Change	115.0%	22.79%	21.88%	17.52%	30.49%	25.51%	20.6%	18.57%	98.06%	269.05%	100.0%	110.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$0.00	$0.00	$0.00					$0.00	$35.50M		$1.400M
YoY Change										-100.0%
Total Short-Term Liabilities	$303.5M	$204.3M	$140.9M	$141.5M	$113.1M	$75.10M	$104.6M	$53.70M	$60.90M	$32.40M	$55.30M	$5.400M	$3.800M
YoY Change	48.53%	44.97%	-0.39%	25.11%	50.6%	-28.2%	94.79%	-11.82%	87.96%	-41.41%	924.07%	42.11%
Long-Term Debt	$1.248B	$1.117B	$805.2M	$538.4M	$690.6M	$653.7M	$475.2M	$400.5M	$304.6M	$216.1M	$0.00	$15.00M	$5.000M
YoY Change	11.76%	38.72%	49.56%	-22.04%	5.64%	37.56%	18.65%	31.48%	40.95%		-100.0%	200.0%
Other Long-Term Liabilities	$12.07M	$161.1M	$9.836M	$7.200M	$17.30M	$10.60M	$10.20M	$4.900M	$3.100M	$4.400M	$1.400M
YoY Change	-92.5%	1537.77%	36.61%	-58.38%	63.21%	3.92%	108.16%	58.06%	-29.55%	214.29%
Total Long-Term Liabilities	$1.260B	$1.278B	$815.1M	$545.6M	$707.9M	$664.3M	$485.4M	$405.4M	$307.7M	$220.5M	$1.400M	$15.00M	$5.000M
YoY Change	-1.38%	56.81%	49.39%	-22.93%	6.56%	36.86%	19.73%	31.75%	39.55%	15650.0%	-90.67%	200.0%
Total Liabilities	$1.552B	$1.482B	$956.0M	$687.1M	$820.9M	$739.5M	$590.0M	$459.3M	$371.3M	$255.6M	$56.60M	$20.30M	$10.50M
YoY Change	4.68%	55.06%	39.14%	-16.3%	11.01%	25.34%	28.46%	23.7%	45.27%	351.59%	178.82%	93.33%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	23.51M shares	23.49M shares	24.61M shares	25.14M shares	23.19M shares	22.55M shares	21.60M shares	20.80M shares	19.94M shares	20.67M shares
Diluted Shares Outstanding	23.65M shares	23.73M shares	24.91M shares	25.38M shares	25.43M shares	24.89M shares	23.93M shares	22.02M shares	21.74M shares	21.20M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.5632 Billion

About LGI Homes, Inc.

LGI Homes, Inc. engages in the design, construction, marketing, and sale of new homes. The company is headquartered in The Woodlands, Texas and currently employs 1,089 full-time employees. The company went IPO on 2013-11-07. The firm designs, constructs and sells homes across approximately 36 markets in 21 states. The firm offers multiple product lines, including attached and detached entry-level homes and active adult offerings that are marketed and sold under its LGI Homes brand and luxury homes that are marketed and sold under its Terrata Homes brand. Its homebuilding operations are organized and managed by seven operating segments: West, Northwest, Central, Midwest, Florida, Southeast and Mid-Atlantic. The firm offers an attached townhome product in certain markets. The firm's CompleteHome and CompleteHome Plus packages offers buyers move-in ready homes. Each of these packages includes preselected, upgraded features, including stainless steel appliances, cabinets and others. Its wholesale business builds and sells homes primarily to institutions interested in acquiring single-family rental properties through bulk sales agreements.

Industry: Operative Builders Peers: CAVCO INDUSTRIES INC. Century Communities, Inc. Meritage Homes CORP HORTON D R INC /DE/ Installed Building Products, Inc. KB HOME M/I HOMES, INC. M.D.C. HOLDINGS, INC. Taylor Morrison Home Corp Tri Pointe Homes, Inc.