Filing Flows › LGI Homes (LGIH) › Q3 2026 › vs Q2 2026
LGI Homes (LGIH) Q3 2026 vs Q2 2026 (quarter over quarter)
LGI Homes's revenue fell $71.6M (-14%) from $516M in Q2 2026 to $444M in Q3 2026. The biggest changes: Home Building −$64.0M (-13%); Land and Other −$7.6M (-52%). Operating margin 7.5% against 7.1% (+0.4 pts).
LGI Homes, Q3 2026: revenue $444M (+10% year over year), operating margin 7.5%, net earnings $24.6M, operating cash flow $38.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 7.5% | 7.1% | +0.4 pts |
| Net margin | 5.5% | 5.2% | +0.3 pts |
| Free cash flow margin | 8.5% | 22.0% | -13.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Retail Homebuilding | $357M | $428M | −$71.3M | -17% |
| Wholesale Homebuilding | $80.8M | $73.5M | $7.3M | +10% |
| Home Building | $438M | $502M | −$64.0M | -13% |
| Land and Other | $7.0M | $14.5M | −$7.6M | -52% |
| Revenue | $444M | $516M | −$71.6M | -14% |
| Operating profit | $33.3M | $36.6M | −$3.3M | -9% |
| Costs & expenses | $411M | $479M | −$68.3M | -14% |
| Pre-tax earnings | $33.3M | $36.6M | −$3.3M | -9% |
| Net earnings | $24.6M | $27.0M | −$2.4M | -9% |
| Income tax | $8.8M | $9.6M | −$854K | -9% |
| Depreciation & amortization | $1.6M | $1.3M | $232K | +17% |
| Share-based compensation | $2.2M | $2.2M | −$28K | -1% |
| Working capital & other | $10.6M | $84.0M | −$73.4M | -87% |
| Operating cash flow | $38.9M | $115M | −$75.6M | -66% |
| Free cash flow (OCF − capex) | $37.9M | $114M | −$75.8M | -67% |
| Capital expenditures | $997K | $816K | $181K | +22% |
Questions
How much did LGI Homes's revenue grow quarter over quarter in Q3 2026?
LGI Homes's revenue fell $71.6M (-14%) from $516M in Q2 2026 to $444M in Q3 2026.
What drove LGI Homes's revenue change in Q3 2026?
Home Building −$64.0M (-13%); Land and Other −$7.6M (-52%).