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Side-by-side financial comparison of Five Point Holdings, LLC (FPH) and Legacy Housing Corp (LEGH). Click either name above to swap in a different company.

Legacy Housing Corp is the larger business by last-quarter revenue ($25.5M vs $13.6M, roughly 1.9× Five Point Holdings, LLC). Legacy Housing Corp runs the higher net margin — 32.2% vs -16.4%, a 48.6% gap on every dollar of revenue. On growth, Five Point Holdings, LLC posted the faster year-over-year revenue change (3.2% vs -30.6%). Over the past eight quarters, Legacy Housing Corp's revenue compounded faster (-9.1% CAGR vs -48.5%).

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

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.

FPH vs LEGH — Head-to-Head

Bigger by revenue
LEGH
LEGH
1.9× larger
LEGH
$25.5M
$13.6M
FPH
Growing faster (revenue YoY)
FPH
FPH
+33.8% gap
FPH
3.2%
-30.6%
LEGH
Higher net margin
LEGH
LEGH
48.6% more per $
LEGH
32.2%
-16.4%
FPH
Faster 2-yr revenue CAGR
LEGH
LEGH
Annualised
LEGH
-9.1%
-48.5%
FPH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FPH
FPH
LEGH
LEGH
Revenue
$13.6M
$25.5M
Net Profit
$-2.2M
$8.2M
Gross Margin
26.4%
Operating Margin
-43.5%
40.4%
Net Margin
-16.4%
32.2%
Revenue YoY
3.2%
-30.6%
Net Profit YoY
-109.6%
-43.5%
EPS (diluted)
$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
FPH
FPH
LEGH
LEGH
Q1 26
$13.6M
Q4 25
$75.9M
$25.5M
Q3 25
$13.5M
$28.8M
Q2 25
$7.5M
$38.4M
Q1 25
$13.2M
$24.3M
Q4 24
$159.8M
$36.7M
Q3 24
$17.0M
$30.2M
Q2 24
$51.2M
$31.7M
Net Profit
FPH
FPH
LEGH
LEGH
Q1 26
$-2.2M
Q4 25
$58.7M
$8.2M
Q3 25
$21.1M
$8.6M
Q2 25
$3.3M
$14.7M
Q1 25
$23.3M
$10.3M
Q4 24
$121.0M
$14.5M
Q3 24
$4.8M
$15.8M
Q2 24
$14.7M
$16.2M
Gross Margin
FPH
FPH
LEGH
LEGH
Q1 26
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%
Operating Margin
FPH
FPH
LEGH
LEGH
Q1 26
-43.5%
Q4 25
89.0%
40.4%
Q3 25
33.7%
Q2 25
43.8%
Q1 25
47.7%
Q4 24
87.5%
42.3%
Q3 24
83.6%
50.8%
Q2 24
86.1%
50.6%
Net Margin
FPH
FPH
LEGH
LEGH
Q1 26
-16.4%
Q4 25
77.3%
32.2%
Q3 25
156.2%
30.0%
Q2 25
44.4%
38.3%
Q1 25
177.0%
42.3%
Q4 24
75.7%
39.5%
Q3 24
28.0%
52.4%
Q2 24
28.8%
51.1%
EPS (diluted)
FPH
FPH
LEGH
LEGH
Q1 26
Q4 25
$0.38
Q3 25
$0.35
Q2 25
$0.60
Q1 25
$0.41
Q4 24
$0.59
Q3 24
$0.64
Q2 24
$0.65

Balance Sheet & Financial Strength

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

Metric
FPH
FPH
LEGH
LEGH
Cash + ST InvestmentsLiquidity on hand
$332.6M
$8.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$528.6M
Total Assets
$3.2B
$580.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPH
FPH
LEGH
LEGH
Q1 26
$332.6M
Q4 25
$425.5M
$8.5M
Q3 25
$351.1M
$13.6M
Q2 25
$456.6M
$2.6M
Q1 25
$528.3M
$3.4M
Q4 24
$430.9M
$1.1M
Q3 24
$224.5M
$570.0K
Q2 24
$217.4M
$60.0K
Stockholders' Equity
FPH
FPH
LEGH
LEGH
Q1 26
$2.3B
Q4 25
$2.3B
$528.6M
Q3 25
$2.3B
$521.6M
Q2 25
$2.2B
$512.8M
Q1 25
$2.2B
$503.7M
Q4 24
$2.2B
$494.0M
Q3 24
$2.0B
$479.3M
Q2 24
$2.0B
$463.2M
Total Assets
FPH
FPH
LEGH
LEGH
Q1 26
$3.2B
Q4 25
$3.2B
$580.3M
Q3 25
$3.2B
$557.9M
Q2 25
$3.2B
$552.0M
Q1 25
$3.2B
$544.6M
Q4 24
$3.1B
$534.2M
Q3 24
$2.9B
$521.4M
Q2 24
$2.9B
$514.9M

Cash Flow & Capital Efficiency

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

Metric
FPH
FPH
LEGH
LEGH
Operating Cash FlowLast quarter
$-44.5M
$19.0M
Free Cash FlowOCF − Capex
$15.7M
FCF MarginFCF / Revenue
61.6%
Capex IntensityCapex / Revenue
0.0%
13.1%
Cash ConversionOCF / Net Profit
2.32×
TTM Free Cash FlowTrailing 4 quarters
$28.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPH
FPH
LEGH
LEGH
Q1 26
$-44.5M
Q4 25
$105.2M
$19.0M
Q3 25
$40.4M
$7.2M
Q2 25
$-71.6M
$6.1M
Q1 25
$56.7M
$4.9M
Q4 24
$116.0M
$7.9M
Q3 24
$-18.0M
$13.8M
Q2 24
$-23.2M
$3.5M
Free Cash Flow
FPH
FPH
LEGH
LEGH
Q1 26
Q4 25
$105.0M
$15.7M
Q3 25
$5.1M
Q2 25
$-71.7M
$3.7M
Q1 25
$56.7M
$3.6M
Q4 24
$115.2M
$6.0M
Q3 24
$-18.2M
$9.1M
Q2 24
$-23.6M
$1.7M
FCF Margin
FPH
FPH
LEGH
LEGH
Q1 26
Q4 25
138.4%
61.6%
Q3 25
17.8%
Q2 25
-959.3%
9.6%
Q1 25
430.9%
15.0%
Q4 24
72.1%
16.4%
Q3 24
-106.9%
30.2%
Q2 24
-46.1%
5.4%
Capex Intensity
FPH
FPH
LEGH
LEGH
Q1 26
0.0%
Q4 25
0.3%
13.1%
Q3 25
0.0%
7.1%
Q2 25
0.8%
6.2%
Q1 25
0.3%
5.2%
Q4 24
0.5%
5.1%
Q3 24
1.3%
15.6%
Q2 24
0.7%
5.5%
Cash Conversion
FPH
FPH
LEGH
LEGH
Q1 26
Q4 25
1.79×
2.32×
Q3 25
1.92×
0.83×
Q2 25
-21.58×
0.41×
Q1 25
2.44×
0.48×
Q4 24
0.96×
0.54×
Q3 24
-3.77×
0.88×
Q2 24
-1.58×
0.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FPH
FPH

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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