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Side-by-side financial comparison of Legacy Housing Corp (LEGH) and Neptune Insurance Holdings Inc. (NP). Click either name above to swap in a different company.
Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $25.5M, roughly 1.5× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs 0.1%, a 32.0% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs -30.6%).
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.
Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.
LEGH vs NP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $37.8M |
| Net Profit | $8.2M | $50.0K |
| Gross Margin | 26.4% | — |
| Operating Margin | 40.4% | — |
| Net Margin | 32.2% | 0.1% |
| Revenue YoY | -30.6% | 28.8% |
| Net Profit YoY | -43.5% | 0.0% |
| EPS (diluted) | $0.38 | $0.05 |
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.
| Q1 26 | — | $37.8M | ||
| Q4 25 | $25.5M | — | ||
| Q3 25 | $28.8M | $44.4M | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $24.3M | — | ||
| Q4 24 | $36.7M | — | ||
| Q3 24 | $30.2M | $33.8M | ||
| Q2 24 | $31.7M | — |
| Q1 26 | — | $50.0K | ||
| Q4 25 | $8.2M | — | ||
| Q3 25 | $8.6M | $11.5M | ||
| Q2 25 | $14.7M | — | ||
| Q1 25 | $10.3M | — | ||
| Q4 24 | $14.5M | — | ||
| Q3 24 | $15.8M | $12.1M | ||
| Q2 24 | $16.2M | — |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 40.4% | — | ||
| Q3 25 | 33.7% | 46.7% | ||
| Q2 25 | 43.8% | — | ||
| Q1 25 | 47.7% | — | ||
| Q4 24 | 42.3% | — | ||
| Q3 24 | 50.8% | 58.6% | ||
| Q2 24 | 50.6% | — |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 32.2% | — | ||
| Q3 25 | 30.0% | 25.9% | ||
| Q2 25 | 38.3% | — | ||
| Q1 25 | 42.3% | — | ||
| Q4 24 | 39.5% | — | ||
| Q3 24 | 52.4% | 35.8% | ||
| Q2 24 | 51.1% | — |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $0.38 | — | ||
| Q3 25 | $0.35 | $0.06 | ||
| Q2 25 | $0.60 | — | ||
| Q1 25 | $0.41 | — | ||
| Q4 24 | $0.59 | — | ||
| Q3 24 | $0.64 | $0.06 | ||
| Q2 24 | $0.65 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.5M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $528.6M | — |
| Total Assets | $580.3M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | — | ||
| Q3 25 | $13.6M | $12.2M | ||
| Q2 25 | $2.6M | — | ||
| Q1 25 | $3.4M | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $570.0K | — | ||
| Q2 24 | $60.0K | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $247.6M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $528.6M | — | ||
| Q3 25 | $521.6M | $-509.5M | ||
| Q2 25 | $512.8M | — | ||
| Q1 25 | $503.7M | — | ||
| Q4 24 | $494.0M | — | ||
| Q3 24 | $479.3M | $-374.3M | ||
| Q2 24 | $463.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | $580.3M | — | ||
| Q3 25 | $557.9M | $89.6M | ||
| Q2 25 | $552.0M | — | ||
| Q1 25 | $544.6M | — | ||
| Q4 24 | $534.2M | — | ||
| Q3 24 | $521.4M | — | ||
| Q2 24 | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.0M | — |
| Free Cash FlowOCF − Capex | $15.7M | — |
| FCF MarginFCF / Revenue | 61.6% | — |
| Capex IntensityCapex / Revenue | 13.1% | — |
| Cash ConversionOCF / Net Profit | 2.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $28.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.0M | — | ||
| Q3 25 | $7.2M | $38.9M | ||
| Q2 25 | $6.1M | — | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | $7.9M | — | ||
| Q3 24 | $13.8M | — | ||
| Q2 24 | $3.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $15.7M | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $3.7M | — | ||
| Q1 25 | $3.6M | — | ||
| Q4 24 | $6.0M | — | ||
| Q3 24 | $9.1M | — | ||
| Q2 24 | $1.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 61.6% | — | ||
| Q3 25 | 17.8% | — | ||
| Q2 25 | 9.6% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | 30.2% | — | ||
| Q2 24 | 5.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | 13.1% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | 5.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.32× | — | ||
| Q3 25 | 0.83× | 3.38× | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LEGH
| Commercial Sales | $8.6M | 34% |
| Retail Store Sales | $6.0M | 24% |
| Inventory Finance Sales | $5.0M | 20% |
| Direct Sales | $4.4M | 17% |
| Other | $1.5M | 6% |
NP
Segment breakdown not available.
