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Legence vs Ameresco: LGN and AMRC compared
Legence is the larger company: $1.3B of revenue in its latest quarter (Q2 2026) against $515M for Ameresco (Q2 2026). Legence is growing faster (+111% against +9% a year earlier). Ameresco is more profitable, with an operating margin of 8.6% against -0.5%.
Where the money goes: LGN and AMRC
Legence (LGN) · Q2 2026
Legence, Q2 2026: revenue $1.3B (+111% year over year), operating margin -0.5%, net loss $34.6M, operating cash flow $74.4M. The chart follows the revenue to costs, profit and cash.
Ameresco (AMRC) · Q2 2026
Ameresco, Q2 2026: revenue $515M (+9% year over year), operating margin 8.6%, net earnings $9.7M, operating cash flow −$107M. The chart follows the revenue to costs, profit and cash.
| Legence (LGN) | Ameresco (AMRC) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $1.3B | $515M |
| Revenue growth, Y/Y | +111% | +9% |
| Gross margin | — | 17.7% |
| Operating margin | -0.5% | 8.6% |
| Net earnings | −$34.6M | $9.7M |
| Net margin | -2.7% | 1.9% |
| Operating cash flow | $74.4M | −$107M |
| Free cash flow | $50.3M | — |
| Market value | $2.2B | $1.2B |
| P/E | — | 21.3× |
| Analysts’ mean target | $94.35 | $41.40 |
Where the revenue comes from
Legence
- Installation & Maintenance: $1.1B (84%)
- Engineering & Consulting: $207M (16%)
Ameresco
- North America Regions: $197M (38%)
- Europe: $156M (30%)
- U.S. Federal: $92.6M (18%)
- Renewable Fuels: $54.2M (11%)
Questions
Which is bigger, Legence or Ameresco?
Legence is the larger company: $1.3B of revenue in its latest quarter (Q2 2026) against $515M for Ameresco (Q2 2026).
Is Legence or Ameresco growing faster?
Legence is growing faster (+111% against +9% a year earlier).
Which is more profitable, Legence or Ameresco?
Ameresco is more profitable, with an operating margin of 8.6% against -0.5%.
More: Legence earnings · how Legence makes money · Ameresco earnings · how Ameresco makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Aug 4, 2026). Fiscal quarters can end on different dates. Not investment advice.