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Side-by-side financial comparison of Evergy (EVRG) and Legence Corp. (LGN). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $708.0M, roughly 1.8× Legence Corp.). Evergy runs the higher net margin — 6.5% vs -0.1%, a 6.6% gap on every dollar of revenue. On growth, Legence Corp. posted the faster year-over-year revenue change (26.2% vs 5.3%). Legence Corp. produced more free cash flow last quarter ($137.4M vs $-530.5M).
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
Legence Corp is a leading sustainable building and decarbonization solution provider. It delivers energy efficiency optimization, building automation design, renewable energy integration, and low-carbon retrofit services for commercial, industrial, and institutional clients, with core operations across North America to help customers cut costs and reduce carbon footprints.
EVRG vs LGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $708.0M |
| Net Profit | $84.3M | $-576.0K |
| Gross Margin | — | 20.9% |
| Operating Margin | 18.5% | 5.3% |
| Net Margin | 6.5% | -0.1% |
| Revenue YoY | 5.3% | 26.2% |
| Net Profit YoY | 7.8% | 46.8% |
| EPS (diluted) | $0.35 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.8B | $708.0M | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.8B | $560.8M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.3B | — |
| Q4 25 | $84.3M | — | ||
| Q3 25 | $475.0M | $-576.0K | ||
| Q2 25 | $171.3M | — | ||
| Q1 25 | $125.0M | — | ||
| Q4 24 | $78.2M | — | ||
| Q3 24 | $465.6M | $-1.1M | ||
| Q2 24 | $207.0M | — | ||
| Q1 24 | $122.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 18.5% | — | ||
| Q3 25 | 37.3% | 5.3% | ||
| Q2 25 | 25.4% | — | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 18.1% | — | ||
| Q3 24 | 35.1% | 4.8% | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 20.3% | — |
| Q4 25 | 6.5% | — | ||
| Q3 25 | 26.9% | -0.1% | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 9.7% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 26.0% | -0.2% | ||
| Q2 24 | 14.7% | — | ||
| Q1 24 | 9.6% | — |
| Q4 25 | $0.35 | — | ||
| Q3 25 | $2.03 | $-0.02 | ||
| Q2 25 | $0.74 | — | ||
| Q1 25 | $0.54 | — | ||
| Q4 24 | $0.34 | — | ||
| Q3 24 | $2.02 | — | ||
| Q2 24 | $0.90 | — | ||
| Q1 24 | $0.53 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $19.8M | $176.0M |
| Total DebtLower is stronger | — | $812.6M |
| Stockholders' EquityBook value | $10.2B | $387.9M |
| Total Assets | $33.9B | $2.6B |
| Debt / EquityLower = less leverage | — | 2.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | — | ||
| Q3 25 | $27.5M | $176.0M | ||
| Q2 25 | $27.8M | — | ||
| Q1 25 | $35.3M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $34.6M | — | ||
| Q2 24 | $26.1M | — | ||
| Q1 24 | $63.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $812.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $10.2B | — | ||
| Q3 25 | $10.3B | $387.9M | ||
| Q2 25 | $10.0B | — | ||
| Q1 25 | $9.9B | — | ||
| Q4 24 | $10.0B | — | ||
| Q3 24 | $10.0B | — | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $9.6B | — |
| Q4 25 | $33.9B | — | ||
| Q3 25 | $33.4B | $2.6B | ||
| Q2 25 | $32.9B | — | ||
| Q1 25 | $32.5B | — | ||
| Q4 24 | $32.3B | — | ||
| Q3 24 | $32.1B | — | ||
| Q2 24 | $31.8B | — | ||
| Q1 24 | $31.3B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.10× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $334.0M | $162.1M |
| Free Cash FlowOCF − Capex | $-530.5M | $137.4M |
| FCF MarginFCF / Revenue | -41.1% | 19.4% |
| Capex IntensityCapex / Revenue | 66.9% | 3.5% |
| Cash ConversionOCF / Net Profit | 3.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-751.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $334.0M | — | ||
| Q3 25 | $937.7M | $162.1M | ||
| Q2 25 | $323.9M | — | ||
| Q1 25 | $449.6M | — | ||
| Q4 24 | $395.6M | — | ||
| Q3 24 | $953.3M | — | ||
| Q2 24 | $317.5M | — | ||
| Q1 24 | $317.3M | — |
| Q4 25 | $-530.5M | — | ||
| Q3 25 | $225.4M | $137.4M | ||
| Q2 25 | $-303.4M | — | ||
| Q1 25 | $-143.2M | — | ||
| Q4 24 | $-118.6M | — | ||
| Q3 24 | $427.0M | — | ||
| Q2 24 | $-360.0M | — | ||
| Q1 24 | $-301.3M | — |
| Q4 25 | -41.1% | — | ||
| Q3 25 | 12.8% | 19.4% | ||
| Q2 25 | -22.4% | — | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -9.7% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | -25.6% | — | ||
| Q1 24 | -23.5% | — |
| Q4 25 | 66.9% | — | ||
| Q3 25 | 40.4% | 3.5% | ||
| Q2 25 | 46.3% | — | ||
| Q1 25 | 45.8% | — | ||
| Q4 24 | 41.9% | — | ||
| Q3 24 | 29.4% | — | ||
| Q2 24 | 48.1% | — | ||
| Q1 24 | 48.3% | — |
| Q4 25 | 3.96× | — | ||
| Q3 25 | 1.97× | — | ||
| Q2 25 | 1.89× | — | ||
| Q1 25 | 3.60× | — | ||
| Q4 24 | 5.06× | — | ||
| Q3 24 | 2.05× | — | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 2.59× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
LGN
| Installation And Fabrication | $408.7M | 58% |
| Engineering And Design | $110.9M | 16% |
| Program And Project Management | $101.2M | 14% |
| Maintenance And Service | $87.1M | 12% |
