Legence Reports Record Q4 & FY25 Results, Raises 2026 Guidance on Strong Backlog and Strategic Acquisitions
LGN has more than doubled off its 52-week low of $26.96.
Summary
Legence Corp. announced record fourth-quarter and full-year 2025 financial results, driven by significant revenue and Adjusted EBITDA growth, and raised its full-year 2026 guidance, supported by a record backlog and recent strategic acquisitions.
Key Events · Earnings and Guidance · LGN
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Record Q4 & FY25 Financials
Reported record Q4 2025 revenues of $737.6 million (+34.6% YoY) and Adjusted EBITDA of $87.0 million (+53.2% YoY). Full-year 2025 revenues reached $2.6 billion (+21.5% YoY) and Adjusted EBITDA was $298.8 million (+30.1% YoY).
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Raised 2026 Guidance
Increased full-year 2026 revenue guidance to $3.7 billion - $3.9 billion (from $3.5B - $3.7B) and Adjusted EBITDA guidance to $400 million - $430 million (from $370M - $400M).
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Record Backlog & Book-to-Bill
Achieved a record total backlog and awarded contracts of $3.7 billion, a 49% increase year-over-year, with a robust Q4 book-to-bill ratio of 1.9x.
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Strategic Acquisitions
Completed the acquisition of Metrix Engineers LLC for approximately $30 million and the Bowers Group acquisition, which involved an upfront cash payment of $325 million and the issuance of approximately 2.55 million shares.
Analysis · LGN · Real Estate & Construction
Legence Corp.'s latest 8-K filing reveals a robust financial performance for Q4 and full-year 2025, marked by substantial organic growth and strategic expansion. The company achieved record quarterly revenues and a significant increase in Adjusted EBITDA, demonstrating strong operational execution. The impressive 49% year-over-year growth in total backlog and awards, coupled with a high book-to-bill ratio, indicates strong future revenue visibility. The upward revision of full-year 2026 guidance for both revenue and Adjusted EBITDA further reinforces a positive outlook, suggesting continued momentum in its mission-critical building systems markets. While GAAP net loss increased, the focus on non-GAAP metrics and operational strength points to a healthy underlying business. The recent tuck-in acquisition of Metrix and the larger Bowers Group acquisition are expected to contribute to future growth and enhance capabilities.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, LGN was trading at $58.00 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $5.9B. The 52-week trading range was $26.96 to $58.10. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.