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Legacy Housing (LEGH) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Legacy Housing (LEGH) Q3 2026 earnings results →
Q3 2026 Revenue up 72% year over year to $69.7M · 29¢ of every $1 of revenue kept as net profit · operating margin 33.6%
Legacy Housing made $69.7M in Q3 2026 (+72% Y/Y): Workforce Housing Sales $30.6M, Other revenues $14.5M, Commercial sales $9.6M. Operating margin 33.6%, net earnings $20.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $69.7M in Q3 2026, up 72% year over year and up 5% from the previous quarter. Workforce Housing Sales was the largest line at 44% of revenue. Workforce Housing Sales added $28.3M year over year (up 1205%), 97% of the total change. Inventory finance sales declined 52%.
Operating profit was $23.4M, a 33.6% margin (up 9.6 points year over year). Of the extra revenue versus Q3 2025, 47% reached operating profit, above the 24% margin then. Total costs grew 50% against revenue growth of 72%. The fastest-growing cost line was Other operating costs (+148%). Net earnings were $20.1M, up 133% year over year. The effective tax rate was 16.6%.
Operating cash flow was $10.9M (up 51% year over year), 54% of net earnings. Non-cash charges added back $402K of depreciation and amortization and $24K of share-based compensation. Working capital and other items used $9.6M. Capital expenditures of $3.5M left free cash flow of $7.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $69.7M | +72% | 33.6% | $20.1M | $10.9M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $66.3M | +32% | 39.9% | $23.5M | $17.4M |
| Q1 2026 | 10-Q | May 7, 2026 | $34.4M | -4% | 36.1% | $10.9M | $7.0M |
| Q4 2025 | 10-K | Mar 12, 2026 | $38.3M | -29% | 26.9% | $8.2M | $19.0M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $40.5M | -9% | 24.0% | $8.6M | $7.2M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $50.2M | +18% | 33.5% | $14.7M | $6.1M |
| Q1 2025 | 10-Q | May 12, 2025 | $35.7M | -18% | 32.5% | $10.3M | $4.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Legacy Housing
This Annual Report on Form 10-K (this “Form 10-K”) contains forward-looking statements. Forward-looking statements are predictions based on expectations and projections about future events, and are not statements of historical fact. Forward-looking statements include statements concerning business strategy, among other things, including anticipated trends and developments in and management plans for our business and the markets in which we operate. In some cases, you can identify these statements by forward-looking words, such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” "would," "can," “could,” “predict,” and “continue,” the negative or plural of these words and other comparable terminology.
In its own words, from its 10-K, filed Mar 12, 2026.
Legacy Housing against its Mobile Homes peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +72% against the peers' median +18%. Operating margin: 33.6% against the peers' median 17.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LEGH Legacy Housing | Q3 2026 | $69.7M | +72% | 33.6% |
| SKY Champion Homes | Q2 FY27 | $727M | +6% | 9.0% |
| CVCO Cavco Industries | Q2 FY27 | $656M | +18% | 10.6% |
| NOBH Nobility Homes | Q3 FY26 | $12.1M | +1% | 17.4% |
Source: Legacy Housing 10-Q on SEC EDGAR · CIK 1436208 · Mobile Homes
Guidance and outlook
13F: who owns LEGH and who is buying
More on LEGH
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results