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Side-by-side financial comparison of Legacy Housing Corp (LEGH) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $25.5M, roughly 1.4× Legacy Housing Corp). Legacy Housing Corp runs the higher net margin — 32.2% vs -8.9%, a 41.1% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -30.6%). Legacy Housing Corp produced more free cash flow last quarter ($15.7M vs $7.7M). Over the past eight quarters, Legacy Housing Corp's revenue compounded faster (-9.1% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
LEGH vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.5M | $36.5M |
| Net Profit | $8.2M | $-3.2M |
| Gross Margin | 26.4% | 38.6% |
| Operating Margin | 40.4% | -10.9% |
| Net Margin | 32.2% | -8.9% |
| Revenue YoY | -30.6% | 3.1% |
| Net Profit YoY | -43.5% | 71.6% |
| EPS (diluted) | $0.38 | $-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 | $25.5M | $36.5M | ||
| Q3 25 | $28.8M | $36.2M | ||
| Q2 25 | $38.4M | $38.3M | ||
| Q1 25 | $24.3M | $41.3M | ||
| Q4 24 | $36.7M | $35.4M | ||
| Q3 24 | $30.2M | $40.5M | ||
| Q2 24 | $31.7M | $48.5M | ||
| Q1 24 | $30.8M | $50.5M |
| Q4 25 | $8.2M | $-3.2M | ||
| Q3 25 | $8.6M | $-6.3M | ||
| Q2 25 | $14.7M | $-10.9M | ||
| Q1 25 | $10.3M | $-40.2M | ||
| Q4 24 | $14.5M | $-11.4M | ||
| Q3 24 | $15.8M | $-9.9M | ||
| Q2 24 | $16.2M | $-4.6M | ||
| Q1 24 | $15.1M | $-7.7M |
| Q4 25 | 26.4% | 38.6% | ||
| Q3 25 | 20.2% | 26.4% | ||
| Q2 25 | 32.4% | 33.1% | ||
| Q1 25 | 29.2% | 32.8% | ||
| Q4 24 | 27.3% | 28.7% | ||
| Q3 24 | 29.2% | 33.2% | ||
| Q2 24 | 31.9% | 35.7% | ||
| Q1 24 | 33.6% | 38.5% |
| Q4 25 | 40.4% | -10.9% | ||
| Q3 25 | 33.7% | -19.4% | ||
| Q2 25 | 43.8% | -30.5% | ||
| Q1 25 | 47.7% | -99.9% | ||
| Q4 24 | 42.3% | -36.6% | ||
| Q3 24 | 50.8% | -29.0% | ||
| Q2 24 | 50.6% | -14.3% | ||
| Q1 24 | 54.3% | -20.1% |
| Q4 25 | 32.2% | -8.9% | ||
| Q3 25 | 30.0% | -17.3% | ||
| Q2 25 | 38.3% | -28.3% | ||
| Q1 25 | 42.3% | -97.2% | ||
| Q4 24 | 39.5% | -32.3% | ||
| Q3 24 | 52.4% | -24.5% | ||
| Q2 24 | 51.1% | -9.5% | ||
| Q1 24 | 49.1% | -15.2% |
| Q4 25 | $0.38 | $-0.02 | ||
| Q3 25 | $0.35 | $-0.03 | ||
| Q2 25 | $0.60 | $-0.06 | ||
| Q1 25 | $0.41 | $-0.21 | ||
| Q4 24 | $0.59 | $-0.06 | ||
| Q3 24 | $0.64 | $-0.05 | ||
| Q2 24 | $0.65 | $-0.02 | ||
| Q1 24 | $0.60 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $528.6M | $232.1M |
| Total Assets | $580.3M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.5M | $104.5M | ||
| Q3 25 | $13.6M | $100.0M | ||
| Q2 25 | $2.6M | $105.0M | ||
| Q1 25 | $3.4M | $125.6M | ||
| Q4 24 | $1.1M | $142.5M | ||
| Q3 24 | $570.0K | $163.4M | ||
| Q2 24 | $60.0K | $187.4M | ||
| Q1 24 | $621.0K | $204.7M |
| Q4 25 | $528.6M | $232.1M | ||
| Q3 25 | $521.6M | $234.4M | ||
| Q2 25 | $512.8M | $238.8M | ||
| Q1 25 | $503.7M | $250.7M | ||
| Q4 24 | $494.0M | $289.4M | ||
| Q3 24 | $479.3M | $305.1M | ||
| Q2 24 | $463.2M | $329.4M | ||
| Q1 24 | $450.4M | $333.1M |
| Q4 25 | $580.3M | $320.9M | ||
| Q3 25 | $557.9M | $335.8M | ||
| Q2 25 | $552.0M | $354.0M | ||
| Q1 25 | $544.6M | $366.1M | ||
| Q4 24 | $534.2M | $420.2M | ||
| Q3 24 | $521.4M | $448.6M | ||
| Q2 24 | $514.9M | $475.3M | ||
| Q1 24 | $510.0M | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $15.7M | $7.7M |
| FCF MarginFCF / Revenue | 61.6% | 21.0% |
| Capex IntensityCapex / Revenue | 13.1% | 0.0% |
| Cash ConversionOCF / Net Profit | 2.32× | — |
| TTM Free Cash FlowTrailing 4 quarters | $28.2M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.0M | $7.7M | ||
| Q3 25 | $7.2M | $-2.1M | ||
| Q2 25 | $6.1M | $-14.9M | ||
| Q1 25 | $4.9M | $-12.2M | ||
| Q4 24 | $7.9M | $-12.0M | ||
| Q3 24 | $13.8M | $-3.7M | ||
| Q2 24 | $3.5M | $-13.9M | ||
| Q1 24 | $10.8M | $-3.3M |
| Q4 25 | $15.7M | $7.7M | ||
| Q3 25 | $5.1M | $-2.2M | ||
| Q2 25 | $3.7M | $-16.2M | ||
| Q1 25 | $3.6M | $-14.3M | ||
| Q4 24 | $6.0M | $-13.3M | ||
| Q3 24 | $9.1M | $-3.9M | ||
| Q2 24 | $1.7M | $-14.1M | ||
| Q1 24 | $9.9M | $-3.4M |
| Q4 25 | 61.6% | 21.0% | ||
| Q3 25 | 17.8% | -6.1% | ||
| Q2 25 | 9.6% | -42.3% | ||
| Q1 25 | 15.0% | -34.7% | ||
| Q4 24 | 16.4% | -37.5% | ||
| Q3 24 | 30.2% | -9.7% | ||
| Q2 24 | 5.4% | -29.1% | ||
| Q1 24 | 32.2% | -6.7% |
| Q4 25 | 13.1% | 0.0% | ||
| Q3 25 | 7.1% | 0.2% | ||
| Q2 25 | 6.2% | 3.3% | ||
| Q1 25 | 5.2% | 5.3% | ||
| Q4 24 | 5.1% | 3.5% | ||
| Q3 24 | 15.6% | 0.6% | ||
| Q2 24 | 5.5% | 0.5% | ||
| Q1 24 | 2.8% | 0.1% |
| Q4 25 | 2.32× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.21× | — | ||
| Q1 24 | 0.71× | — |
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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
