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LGI Homes (LGIH) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · LGI Homes (LGIH) Q3 2026 earnings results →
Q3 2026 Revenue up 10% year over year to $444M · 6¢ of every $1 of revenue kept as net profit · operating margin 7.5%
LGI Homes made $444M in Q3 2026 (+10% Y/Y): Home Building $438M, Land and Other $7.0M. Operating margin 7.5%, net earnings $24.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 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 $444.5M in Q3 2026, up 10% year over year and down 14% from the previous quarter. Retail Homebuilding was the largest line at 80% of revenue. Wholesale Homebuilding added $26.3M year over year (up 48%), 64% of the total change.
Operating profit was $33.3M, a 7.5% margin (up 2.2 points year over year). Of the extra revenue versus Q3 2025, 29% reached operating profit, above the 5% margin then. Total costs grew 8% against revenue growth of 10%. Net earnings were $24.6M, up 25% year over year. The effective tax rate was 26.3%.
Operating cash flow was $38.9M, 159% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $10.6M. Capital expenditures of $1.0M left free cash flow of $37.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $444M | +10% | 7.5% | $24.6M | $38.9M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $516M | +6% | 7.1% | $27.0M | $115M |
| Q1 2026 | 10-Q | Apr 28, 2026 | $320M | -9% | -0.2% | $2.2M | −$55.5M |
| Q4 2025 | 10-K | Feb 20, 2026 | $430M | -23% | 4.3% | $17.3M | $86.8M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $404M | -38% | 5.3% | $19.7M | −$13.2M |
| Q2 2025 | 10-Q | Aug 5, 2025 | $488M | -19% | 8.1% | $31.5M | −$86.4M |
| Q1 2025 | 10-Q | Apr 30, 2025 | $351M | -10% | 0.0% | $4.0M | −$127M |
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 LGI Homes
We are engaged in the design, construction and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia, Pennsylvania, Maryland and Utah. Our management team has been in the residential land development business since the mid-1990s. Since commencing home building operations in 2003, we have constructed and closed over 80,000 homes. LGI Homes, Inc. is a Delaware corporation incorporated on July 9, 2013. Our principal executive offices are located at 1450 Lake Robbins Drive, Suite 430, The Woodlands, Texas 77380, and our telephone number is (281) 362-8998. Information on or linked to our website is not incorporated by reference into this Annual Report on Form 10-K unless expressly noted.
In its own words, from its 10-K, filed Feb 20, 2026.
LGI Homes against its Operative Builders peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median -5%. Operating margin: 7.5% against the peers' median 8.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LGIH LGI Homes | Q3 2026 | $444M | +10% | 7.5% |
| DHI Horton D R | Q4 FY26 | $9.4B | -3% | 10.8% |
| PHM Pultegroup | Q3 2026 | $4.0B | -10% | 15.7% |
| TOL Toll Brothers | Q3 FY26 | $2.7B | -10% | 13.5% |
| NVR NVR | Q3 2026 | $2.4B | -8% | 13.9% |
| ECG Everus Construction Group | Q3 2026 | $1.4B | +40% | 8.8% |
| KBH KB Home | Q3 FY26 | $1.3B | -20% | 6.3% |
| MHO M/I Homes | Q3 2026 | $1.1B | -5% | 7.7% |
| DFH Dream Finders Homes | Q3 2026 | $996M | +3% | 1.3% |
Source: LGI Homes 10-Q on SEC EDGAR · CIK 1580670 · Operative Builders
Guidance and outlook
13F: who owns LGIH and who is buying
More on LGIH
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results