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Upturn AI Summary - About
Legence Corp. Class A Common stock(LGN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for LGN
11/06/2026: LGN (3-star) is currently NOT-A-BUY. Pass it for now.
Legence Corp. is a publicly traded provider of engineering, installation, and maintenance services for mission-critical building systems. Backed by Blackstone, the company has grown rapidly through a rollup strategy to address high demand for building efficiency and sustainability in tech, life sciences, and data centers. Its primary strength lies in its integrated service model, which covers the entire building lifecycle, though this rapid growth has introduced significant integration and operational risks. While the company is well-positioned to benefit from long-term infrastructure and decarbonization trends, investors should monitor its ability to achieve sustainable profitability and manage its debt. It is best suited for growth-oriented investors with a high risk tolerance.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is in an aggressive growth phase with high top-line expansion. |
| Momentum investor | Mixed fit | The stock exhibits high volatility; momentum is conditional on continued project backlog growth. |
| Value investor | Weak fit | The company's current valuation and focus on growth over profitability make it a poor fit for traditional value screens. |
| Dividend investor | Weak fit | Legence does not currently offer a dividend, prioritizing capital allocation toward growth. |
| Low-risk investor | Weak fit | High price volatility and acquisition-related integration risks make this unsuitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock has experienced wide price swings since its IPO. |
| Valuation risk | Medium / high | Market expectations for growth are high, creating potential for downside if targets are missed. |
| Competition risk (mechanical contracting) | High | The sector is highly competitive with numerous local and national players. |
| Business quality | Medium | While the platform model is promising, successful integration of many businesses is a significant challenge. |
| Dividend income | Low / none | No income is currently provided to shareholders. |
| Execution risk | Medium / high | Managing a rollup strategy requires strong operational oversight and integration capabilities. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit 90.73% | Avg. Invested days 65 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | Stock Returns Performance  4.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.59B USD | Price to earnings Ratio - | 1Y Target Price 94.35 |
Price to earnings Ratio - | 1Y Target Price 94.35 | ||
Volume (30-day avg) 1.7M shares | Beta - | 52 Weeks Range 23.90 - 107.24 | Updated Date 11/08/2026 |
52 Weeks Range 23.90 - 107.24 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.8 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Engineering & Consulting | Design, energy modeling, project management. | Selling expertise and strategic planning to help clients optimize their buildings. |
| Installation & Maintenance | HVAC and MEP fabrication, installation, and ongoing repairs. | The physical work of building and fixing systems, which generates both project and recurring revenue. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-11-12 | When Before Market | Estimate 0.5 | Actual - |
Profitability
Profit Margin -1.2% | Operating Margin (TTM) 2.75% |
Management Effectiveness
Return on Assets (TTM) 2.34% | Return on Equity (TTM) -12.43% |
Valuation
Trailing PE - | Forward PE 7.9 | Enterprise Value 3.05B | Price to Sales(TTM) 1.22 |
Enterprise Value 3.05B | Price to Sales(TTM) 1.22 | ||
Enterprise Value to Revenue 0.82 | Enterprise Value to EBITDA 19.44 | Shares Outstanding 76.90M | Shares Floating 57.33M |
Shares Outstanding 76.90M | Shares Floating 57.33M | ||
Percent Insiders 0.25 | Percent Institutions 113.06 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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