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Side-by-side financial comparison of First Foundation Inc. (FFWM) and Legacy Housing Corp (LEGH). Click either name above to swap in a different company.

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $25.5M, roughly 1.9× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs -97.9%, a 130.0% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -30.6%). Legacy Housing Corp produced more free cash flow last quarter ($15.7M vs $-35.2M). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -9.1%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

Legacy Housing Corp is a prominent U.S.-based manufacturer of affordable manufactured homes, tiny homes, and accessory dwelling units. It mainly caters to low- and middle-income consumers across North America, providing customizable residential solutions, supporting construction materials, and after-sales services for individual and community development clients.

FFWM vs LEGH — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.9× larger
FFWM
$48.4M
$25.5M
LEGH
Growing faster (revenue YoY)
FFWM
FFWM
+452.3% gap
FFWM
421.7%
-30.6%
LEGH
Higher net margin
LEGH
LEGH
130.0% more per $
LEGH
32.2%
-97.9%
FFWM
More free cash flow
LEGH
LEGH
$50.9M more FCF
LEGH
$15.7M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
FFWM
FFWM
Annualised
FFWM
-2.7%
-9.1%
LEGH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
LEGH
LEGH
Revenue
$48.4M
$25.5M
Net Profit
$-8.0M
$8.2M
Gross Margin
26.4%
Operating Margin
-97.5%
40.4%
Net Margin
-97.9%
32.2%
Revenue YoY
421.7%
-30.6%
Net Profit YoY
43.0%
-43.5%
EPS (diluted)
$-0.09
$0.38

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.

Revenue
FFWM
FFWM
LEGH
LEGH
Q4 25
$48.4M
$25.5M
Q3 25
$63.6M
$28.8M
Q2 25
$51.4M
$38.4M
Q1 25
$71.4M
$24.3M
Q4 24
$9.3M
$36.7M
Q3 24
$9.2M
$30.2M
Q2 24
$57.5M
$31.7M
Q1 24
$51.1M
$30.8M
Net Profit
FFWM
FFWM
LEGH
LEGH
Q4 25
$-8.0M
$8.2M
Q3 25
$-146.3M
$8.6M
Q2 25
$-7.7M
$14.7M
Q1 25
$6.9M
$10.3M
Q4 24
$-14.1M
$14.5M
Q3 24
$-82.2M
$15.8M
Q2 24
$3.1M
$16.2M
Q1 24
$793.0K
$15.1M
Gross Margin
FFWM
FFWM
LEGH
LEGH
Q4 25
26.4%
Q3 25
20.2%
Q2 25
32.4%
Q1 25
29.2%
Q4 24
27.3%
Q3 24
29.2%
Q2 24
31.9%
Q1 24
33.6%
Operating Margin
FFWM
FFWM
LEGH
LEGH
Q4 25
-97.5%
40.4%
Q3 25
-92.7%
33.7%
Q2 25
-21.1%
43.8%
Q1 25
8.8%
47.7%
Q4 24
-247.7%
42.3%
Q3 24
-1276.7%
50.8%
Q2 24
4.6%
50.6%
Q1 24
-0.2%
54.3%
Net Margin
FFWM
FFWM
LEGH
LEGH
Q4 25
-97.9%
32.2%
Q3 25
-230.1%
30.0%
Q2 25
-15.0%
38.3%
Q1 25
9.7%
42.3%
Q4 24
-152.2%
39.5%
Q3 24
-896.9%
52.4%
Q2 24
5.4%
51.1%
Q1 24
1.6%
49.1%
EPS (diluted)
FFWM
FFWM
LEGH
LEGH
Q4 25
$-0.09
$0.38
Q3 25
$-1.78
$0.35
Q2 25
$-0.09
$0.60
Q1 25
$0.08
$0.41
Q4 24
$-0.24
$0.59
Q3 24
$-1.23
$0.64
Q2 24
$0.05
$0.65
Q1 24
$0.01
$0.60

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FFWM
FFWM
LEGH
LEGH
Cash + ST InvestmentsLiquidity on hand
$1.6B
$8.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$528.6M
Total Assets
$11.9B
$580.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
LEGH
LEGH
Q4 25
$1.6B
$8.5M
Q3 25
$1.7B
$13.6M
Q2 25
$1.1B
$2.6M
Q1 25
$1.0B
$3.4M
Q4 24
$1.0B
$1.1M
Q3 24
$1.1B
$570.0K
Q2 24
$1.4B
$60.0K
Q1 24
$1.6B
$621.0K
Stockholders' Equity
FFWM
FFWM
LEGH
LEGH
Q4 25
$912.6M
$528.6M
Q3 25
$917.9M
$521.6M
Q2 25
$1.1B
$512.8M
Q1 25
$1.1B
$503.7M
Q4 24
$1.1B
$494.0M
Q3 24
$1.1B
$479.3M
Q2 24
$933.2M
$463.2M
Q1 24
$928.7M
$450.4M
Total Assets
FFWM
FFWM
LEGH
LEGH
Q4 25
$11.9B
$580.3M
Q3 25
$11.9B
$557.9M
Q2 25
$11.6B
$552.0M
Q1 25
$12.6B
$544.6M
Q4 24
$12.6B
$534.2M
Q3 24
$13.4B
$521.4M
Q2 24
$13.7B
$514.9M
Q1 24
$13.6B
$510.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FFWM
FFWM
LEGH
LEGH
Operating Cash FlowLast quarter
$-31.9M
$19.0M
Free Cash FlowOCF − Capex
$-35.2M
$15.7M
FCF MarginFCF / Revenue
-72.8%
61.6%
Capex IntensityCapex / Revenue
6.9%
13.1%
Cash ConversionOCF / Net Profit
2.32×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$28.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
LEGH
LEGH
Q4 25
$-31.9M
$19.0M
Q3 25
$9.2M
$7.2M
Q2 25
$-16.3M
$6.1M
Q1 25
$-552.0K
$4.9M
Q4 24
$-8.7M
$7.9M
Q3 24
$14.2M
$13.8M
Q2 24
$-9.1M
$3.5M
Q1 24
$7.2M
$10.8M
Free Cash Flow
FFWM
FFWM
LEGH
LEGH
Q4 25
$-35.2M
$15.7M
Q3 25
$8.6M
$5.1M
Q2 25
$-16.7M
$3.7M
Q1 25
$-2.5M
$3.6M
Q4 24
$-11.4M
$6.0M
Q3 24
$13.4M
$9.1M
Q2 24
$-9.4M
$1.7M
Q1 24
$5.9M
$9.9M
FCF Margin
FFWM
FFWM
LEGH
LEGH
Q4 25
-72.8%
61.6%
Q3 25
13.5%
17.8%
Q2 25
-32.4%
9.6%
Q1 25
-3.5%
15.0%
Q4 24
-123.5%
16.4%
Q3 24
146.2%
30.2%
Q2 24
-16.3%
5.4%
Q1 24
11.6%
32.2%
Capex Intensity
FFWM
FFWM
LEGH
LEGH
Q4 25
6.9%
13.1%
Q3 25
1.0%
7.1%
Q2 25
0.8%
6.2%
Q1 25
2.8%
5.2%
Q4 24
29.4%
5.1%
Q3 24
9.0%
15.6%
Q2 24
0.4%
5.5%
Q1 24
2.5%
2.8%
Cash Conversion
FFWM
FFWM
LEGH
LEGH
Q4 25
2.32×
Q3 25
0.83×
Q2 25
0.41×
Q1 25
-0.08×
0.48×
Q4 24
0.54×
Q3 24
0.88×
Q2 24
-2.96×
0.21×
Q1 24
9.09×
0.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

LEGH
LEGH

Commercial Sales$8.6M34%
Retail Store Sales$6.0M24%
Inventory Finance Sales$5.0M20%
Direct Sales$4.4M17%
Other$1.5M6%

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