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How Legence (LGN) makes money

Legence (LGN) made $1.3B of revenue in the second quarter 2026 (Q2 2026), +111% from a year earlier. Installation & Maintenance brought in $1.1B (84%); Engineering & Consulting brought in $207M (16%).

Drawing the Sankey…

Legence revenue by segment, Q2 2026Legence revenue by segment, Q2 2026Installation & Maintenance$1.1BEngineering & Consulting$207M
Legence: revenue by line, Q3 2025 to Q2 2026Legence: revenue by line, Q3 2025 to Q2 2026Installation & Mainte…Engineering & Consult…Installation & Maintenance: $1.1B latest$1.1BEngineering & Consulting: $207M latest$207MQ3 2025Q4 2025Q1 2026Q2 2026
Installation & Maintenance went from 70% of revenue in Q3 2025 to 84% in Q2 2026, the largest shift in the mix.
Legence revenue by quarterLegence revenue by quarter$708MQ3 2025$738MQ4 2025$1.0BQ1 2026$1.3BQ2 2026
Legence: where each dollar of revenue goesLegence: where each dollar of revenue goesIncome tax1¢Operating cash flow6¢Free cash flow4¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Installation & Maintenance$1.1B83.6%+21%+162%
Engineering & Consulting$207M16.4%+25%+6%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$1.3B100.0%
Income tax$11.1M0.9%
Operating cash flow$74.4M5.9%
Free cash flow$50.3M4.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$1.3B+111%
Q1 2026$1.0B+105%
Q4 2025$738M+35%
Q3 2025$708M+26%

From Legence's 10-Q filed Aug 13, 2026 (on EDGAR).

Questions

How does Legence make money?

Legence (LGN) made $1.3B of revenue in the second quarter 2026 (Q2 2026), +111% from a year earlier. Installation & Maintenance brought in $1.1B (84%); Engineering & Consulting brought in $207M (16%).

What is Legence's biggest business?

Installation & Maintenance: $1.1B in the second quarter 2026, 84% of revenue, +162% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.