Recent News
On October 10, 2025 the company announced the “Legacy 250” manufacturing and product initiative and a management refresh intended to prioritize operational efficiency and expanded retail offerings.
On October 9, 2025 the company filed an 8‑K naming Kenneth E. Shipley as Interim Chief Executive Officer.
On November 7, 2025 Legacy Housing agreed to acquire substantially all assets of AmeriCasa Solutions, LLC — including the FutureHomeX® sales platform and a high-performing Houston retail dealership — and announced the addition of Norman Newton as Chief Revenue Officer.
Technical Analysis
ADX / DI+ / DI-: ADX at 31.04 indicates a strong trend strength. DI+ measures 27.09 and shows a decreasing trend, which signals weakening bullish pressure; DI- shows a peak & reversal at 15.78, signaling a decline in bearish pressure. Together these directional reads imply a strong but softening bullish backdrop that could limit near-term upside unless DI+ stabilizes.
MACD: MACD sits at -0.29 with a dip & reversal pattern and currently crosses above the signal line (-0.35), signaling bullish momentum development despite a negative MACD value; that momentum can support a rally toward short-term resistance levels while valuation multiples remain elevated.
MRO (Momentum/Regression Oscillator): MRO reads -19.56 with a dip & reversal trend. The negative MRO indicates price sits below modeled target and likely to increase, adding a technical pressure toward mean reversion into the coming weeks.
RSI: RSI at 42.46 shows a dip & reversal pattern, leaving room to move higher before reaching overbought territory; RSI momentum supports a measured bounce rather than an immediate breakout.
Price Versus Averages & Bands: Last close at $19.83 sits below the 200‑day average of $23.62 and slightly below the 20‑day average of $20.20; the 12‑day EMA shows a decreasing trend. Bollinger bands place the two‑sigma upper near $21.13 and two‑sigma lower near $19.26, so current price trades close to the lower band and short-term averages, identifying the $19.2–$21.1 band as the primary battleground. SuperTrend upper resistance at $21.01 aligns with the upper band as a near-term cap.
Volume & Volatility: Recent volume at 159,390 exceeds the 10‑day average of 110,719 and the 200‑day average of 90,512, indicating above-average participation on recent moves; 42‑day and 52‑week volatilities remain low (0.02), suggesting moves may occur in measured steps rather than wide swings.
Fundamental Analysis
Profitability: Operating (EBIT) margin registers at 23.99%, above the industry peer mean of 14.07% and above the peer high of 19.5%, indicating relatively strong margin performance on current sales. However, operating margin shows a QoQ decline of -32.43% and a YoY decline of -45.60%, reflecting recent compression versus prior periods.
Revenue & Earnings Trends: Reported revenue growth stands at -19.30%; reported revenue growth QoQ shows -147.52% and reported revenue growth YoY shows -563.15%. Net income equals $8,645,000 and reported EBIT equals $9,709,000. Reported EPS actual of $0.35 missed the estimate of $0.58 by $0.23, an EPS surprise of -39.66%, signaling near‑term earnings execution challenges despite margin strength earlier in the income statement.
Cash, Liquidity & Leverage: Cash and short‑term investments total $13,551,000 with a current ratio of 5.74 and a quick ratio of 4.42, indicating ample short‑term liquidity. Total debt stands at $1,002,000 with debt to equity at 0.19% and debt to EBITDA at 0.10, reflecting a very low leverage profile compared with the industry peer mean for debt metrics; interest coverage shows a high ratio of 334.79, underscoring minimal interest burden.
Cash Flow: Operating cash flow measured $7,153,000 and free cash flow $5,122,000; free cash flow yield registers 0.88% with QoQ growth in free cash flow of +34.48% but a YoY decline of -90.94%, indicating volatile free cash generation across periods. Cash conversion cycle sits at 135.06 days, with QoQ contraction of -33.21% and YoY increase of +11.77% relative to prior periods.
Efficiency & Returns: Return on equity reads 1.66% and return on assets 1.56%, each showing QoQ declines exceeding -40% and YoY declines near -50%, signaling reduced capital efficiency versus recent periods. Asset turnover sits at 7.29% and trails the industry peer mean of 29.01%.
Valuation Multiples: Reported PE stands at 69.87x while forward PE sits near 40.18x; price‑to‑book equals 1.12x, below the industry peer mean of 2.46x and below the peer median of 1.93x. Price‑to‑sales at 14.42x and enterprise multiple at 56.39x place valuation toward the high end of observable ranges. WMDST values the stock as over‑valued, reflecting stretched multiples relative to earnings and free cash flow generation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-11-07 |
| NEXT REPORT DATE: | 2026-02-06 |
| CASH FLOW | Begin Period Cash Flow | $ 2.6 M |
| Operating Cash Flow | $ 7.2 M | |
| Capital Expenditures | $ -2.03 M | |
| Change In Working Capital | $ -2.55 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 10.9 M | |
| End Period Cash Flow | $ 13.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 40.5 M | |
| Forward Revenue | $ 14.8 M | |
| COSTS | ||
| Cost Of Revenue | $ 23.5 M | |
| Depreciation | $ 419.0 K | |
| Depreciation and Amortization | $ 419.0 K | |
| Research and Development | — | |
| Total Operating Expenses | $ 30.8 M | |
| PROFITABILITY | ||
| Gross Profit | $ 16.9 M | |
| EBITDA | $ 10.1 M | |
| EBIT | $ 9.7 M | |
| Operating Income | $ 9.7 M | |
| Interest Income | $ 298.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 298.0 K | |
| Income Before Tax | $ 10.3 M | |
| Tax Provision | $ 1.6 M | |
| Tax Rate | 15.7 % | |
| Net Income | $ 8.6 M | |
| Net Income From Continuing Operations | $ 8.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.58 | |
| EPS Actual | $ 0.35 | |
| EPS Difference | $ -0.23 | |
| EPS Surprise | -39.655 % | |
| Forward EPS | $ 0.53 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 557.9 M | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 521.6 M | |
| Total Current Assets | $ 172.6 M | |
| Cash and Short-Term Investments | $ 13.6 M | |
| Cash | $ 13.6 M | |
| Net Receivables | $ 4.6 M | |
| Inventory | $ 39.6 M | |
| Long-Term Investments | $ 9.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 3.5 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 30.1 M | |
| Net Debt | — | |
| Total Debt | $ 1.0 M | |
| Total Liabilities | $ 36.3 M | |
| EQUITY | ||
| Total Equity | $ 521.6 M | |
| Retained Earnings | $ 355.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 21.85 | |
| Shares Outstanding | 23.869 M | |
| Revenue Per-Share | $ 1.70 | |
| VALUATION | Market Capitalization | $ 583.7 M |
| Enterprise Value | $ 571.1 M | |
| Enterprise Multiple | 56.389 | |
| Enterprise Multiple QoQ | 74.058 % | |
| Enterprise Multiple YoY | 76.635 % | |
| Enterprise Multiple IPRWA | high: 58.812 LEGH: 56.389 median: 43.224 mean: 39.781 low: 26.861 |
|
| EV/R | 14.109 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.07 | |
| Asset To Liability | 15.358 | |
| Debt To Capital | 0.002 | |
| Debt To Assets | 0.002 | |
| Debt To Assets QoQ | -23.404 % | |
| Debt To Assets YoY | -81.818 % | |
| Debt To Assets IPRWA | high: 0.48 mean: 0.188 median: 0.17 low: 0.021 LEGH: 0.002 |
|
| Debt To Equity | 0.002 | |
| Debt To Equity QoQ | -24.111 % | |
| Debt To Equity YoY | -82.173 % | |
| Debt To Equity IPRWA | high: 1.452 mean: 0.336 median: 0.249 low: 0.028 LEGH: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.119 | |
| Price To Book QoQ | -3.117 % | |
| Price To Book YoY | -15.486 % | |
| Price To Book IPRWA | high: 5.472 mean: 2.455 median: 1.935 LEGH: 1.119 low: 0.571 |
|
| Price To Earnings (P/E) | 69.865 | |
| Price To Earnings QoQ | 81.373 % | |
| Price To Earnings YoY | 70.23 % | |
| Price To Earnings IPRWA | high: 92.96 LEGH: 69.865 mean: 53.141 median: 52.279 low: 30.727 |
|
| PE/G Ratio | -1.677 | |
| Price To Sales (P/S) | 14.419 | |
| Price To Sales QoQ | 22.124 % | |
| Price To Sales YoY | 0.586 % | |
| Price To Sales IPRWA | LEGH: 14.419 high: 8.606 mean: 5.539 median: 4.836 low: 1.863 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 40.184 | |
| Forward PE/G | -0.964 | |
| Forward P/S | 32.262 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.356 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.073 | |
| Asset Turnover Ratio QoQ | -20.275 % | |
| Asset Turnover Ratio YoY | -14.62 % | |
| Asset Turnover Ratio IPRWA | high: 0.437 mean: 0.29 median: 0.269 low: 0.099 LEGH: 0.073 |
|
| Receivables Turnover | 9.155 | |
| Receivables Turnover Ratio QoQ | -16.238 % | |
| Receivables Turnover Ratio YoY | -4.132 % | |
| Receivables Turnover Ratio IPRWA | high: 20.015 LEGH: 9.155 mean: 7.371 median: 4.799 low: 1.737 |
|
| Inventory Turnover | 0.588 | |
| Inventory Turnover Ratio QoQ | -9.372 % | |
| Inventory Turnover Ratio YoY | -24.207 % | |
| Inventory Turnover Ratio IPRWA | high: 2.707 mean: 0.595 LEGH: 0.588 median: 0.292 low: 0.085 |
|
| Days Sales Outstanding (DSO) | 9.967 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 135.061 | |
| Cash Conversion Cycle Days QoQ | -33.208 % | |
| Cash Conversion Cycle Days YoY | 11.765 % | |
| Cash Conversion Cycle Days IPRWA | high: 889.05 mean: 221.697 LEGH: 135.061 median: 87.035 low: 46.208 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.284 | |
| CapEx To Revenue | -0.05 | |
| CapEx To Depreciation | -4.847 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 521.6 M | |
| Net Invested Capital | $ 521.6 M | |
| Invested Capital | $ 521.6 M | |
| Net Tangible Assets | $ 521.6 M | |
| Net Working Capital | $ 142.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.451 | |
| Current Ratio | 5.737 | |
| Current Ratio QoQ | 45.896 % | |
| Current Ratio YoY | 65.111 % | |
| Current Ratio IPRWA | high: 17.394 mean: 9.343 median: 6.11 LEGH: 5.737 low: 1.553 |
|
| Quick Ratio | 4.421 | |
| Quick Ratio QoQ | 66.65 % | |
| Quick Ratio YoY | 71.899 % | |
| Quick Ratio IPRWA | high: 4.511 LEGH: 4.421 mean: 2.581 median: 2.277 low: 0.273 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.099 | |
| Cost Of Debt | 2.124 % | |
| Interest Coverage Ratio | 334.793 | |
| Interest Coverage Ratio QoQ | -45.47 % | |
| Interest Coverage Ratio YoY | 229.355 % | |
| Interest Coverage Ratio IPRWA | high: 601.482 LEGH: 334.793 mean: 56.347 median: 28.941 low: 1.167 |
|
| Operating Cash Flow Ratio | 0.312 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 12.462 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.076 % | |
| Revenue Growth | -19.304 % | |
| Revenue Growth QoQ | -147.518 % | |
| Revenue Growth YoY | -563.148 % | |
| Revenue Growth IPRWA | high: 7.522 % median: 2.354 % mean: 1.842 % low: -17.964 % LEGH: -19.304 % |
|
| Earnings Growth | -41.667 % | |
| Earnings Growth QoQ | -189.914 % | |
| Earnings Growth YoY | 2609.168 % | |
| Earnings Growth IPRWA | high: 9.896 % median: -2.31 % mean: -3.534 % low: -37.888 % LEGH: -41.667 % |
|
| MARGINS | ||
| Gross Margin | 41.838 % | |
| Gross Margin QoQ | -11.045 % | |
| Gross Margin YoY | -11.446 % | |
| Gross Margin IPRWA | LEGH: 41.838 % high: 35.396 % mean: 24.117 % median: 22.682 % low: 16.745 % |
|
| EBIT Margin | 23.986 % | |
| EBIT Margin QoQ | -32.426 % | |
| EBIT Margin YoY | -45.598 % | |
| EBIT Margin IPRWA | LEGH: 23.986 % high: 19.5 % mean: 14.068 % median: 13.775 % low: 5.417 % |
|
| Return On Sales (ROS) | 23.986 % | |
| Return On Sales QoQ | -28.456 % | |
| Return On Sales YoY | -45.598 % | |
| Return On Sales IPRWA | LEGH: 23.986 % high: 19.5 % mean: 13.844 % median: 13.724 % low: 5.214 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 5.1 M | |
| Free Cash Flow Yield | 0.878 % | |
| Free Cash Flow Yield QoQ | 40.931 % | |
| Free Cash Flow Yield YoY | -38.9 % | |
| Free Cash Flow Yield IPRWA | high: 5.211 % mean: 3.07 % median: 2.654 % LEGH: 0.878 % low: -5.764 % |
|
| Free Cash Growth | 38.921 % | |
| Free Cash Growth QoQ | 3447.949 % | |
| Free Cash Growth YoY | -90.941 % | |
| Free Cash Growth IPRWA | high: 250.563 % median: 157.39 % mean: 121.82 % LEGH: 38.921 % low: -254.593 % |
|
| Free Cash To Net Income | 0.592 | |
| Cash Flow Margin | 23.205 % | |
| Cash Flow To Earnings | 1.087 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.558 % | |
| Return On Assets QoQ | -41.866 % | |
| Return On Assets YoY | -48.918 % | |
| Return On Assets IPRWA | high: 5.723 % mean: 3.158 % median: 2.585 % LEGH: 1.558 % low: 0.49 % |
|
| Return On Capital Employed (ROCE) | 1.839 % | |
| Return On Equity (ROE) | 0.017 | |
| Return On Equity QoQ | -42.184 % | |
| Return On Equity YoY | -49.742 % | |
| Return On Equity IPRWA | high: 0.086 mean: 0.047 median: 0.037 LEGH: 0.017 low: 0.009 |
|
| DuPont ROE | 1.672 % | |
| Return On Invested Capital (ROIC) | 1.569 % | |
| Return On Invested Capital QoQ | -45.331 % | |
| Return On Invested Capital YoY | -99.549 % | |
| Return On Invested Capital IPRWA | high: 7.144 % mean: 3.856 % median: 3.27 % LEGH: 1.569 % low: 0.412 % |
|