vs
Side-by-side financial comparison of Legence Corp. (LGN) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $708.0M, roughly 1.9× Legence Corp.). Legence Corp. runs the higher net margin — -0.1% vs -7.3%, a 7.2% gap on every dollar of revenue. On growth, Legence Corp. posted the faster year-over-year revenue change (26.2% vs 3.1%). Legence Corp. produced more free cash flow last quarter ($137.4M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
LGN vs LINE — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $708.0M | $1.4B |
| Net Profit | $-576.0K | $-100.0M |
| Gross Margin | 20.9% | 32.3% |
| Operating Margin | 5.3% | 2.5% |
| Net Margin | -0.1% | -7.3% |
| Revenue YoY | 26.2% | 3.1% |
| Net Profit YoY | 46.8% | 79.4% |
| EPS (diluted) | $-0.02 | $-0.44 |
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.
| Q3 25 | $708.0M | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $560.8M | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
| Q3 25 | $-576.0K | $-100.0M | ||
| Q2 25 | — | $-6.0M | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $-71.0M | ||
| Q3 24 | $-1.1M | $-485.0M | ||
| Q2 24 | — | $-68.0M | ||
| Q1 24 | — | $-40.0M |
| Q3 25 | 20.9% | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 21.1% | 32.8% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 33.4% |
| Q3 25 | 5.3% | 2.5% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | -1.6% | ||
| Q3 24 | 4.8% | -38.6% | ||
| Q2 24 | — | 5.5% | ||
| Q1 24 | — | 7.6% |
| Q3 25 | -0.1% | -7.3% | ||
| Q2 25 | — | -0.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -0.2% | -36.3% | ||
| Q2 24 | — | -5.1% | ||
| Q1 24 | — | -3.0% |
| Q3 25 | $-0.02 | $-0.44 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $0.01 | ||
| Q4 24 | — | $-0.52 | ||
| Q3 24 | — | $-2.44 | ||
| Q2 24 | — | $-0.46 | ||
| Q1 24 | — | $-0.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $176.0M | — |
| Total DebtLower is stronger | $812.6M | — |
| Stockholders' EquityBook value | $387.9M | $8.4B |
| Total Assets | $2.6B | $19.2B |
| Debt / EquityLower = less leverage | 2.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $176.0M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $173.0M | ||
| Q3 24 | — | $409.0M | ||
| Q2 24 | — | $73.0M | ||
| Q1 24 | — | — |
| Q3 25 | $812.6M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q3 25 | $387.9M | $8.4B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $8.6B | ||
| Q4 24 | — | $8.6B | ||
| Q3 24 | — | $9.0B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $5.6B |
| Q3 25 | $2.6B | $19.2B | ||
| Q2 25 | — | $19.4B | ||
| Q1 25 | — | $18.8B | ||
| Q4 24 | — | $18.7B | ||
| Q3 24 | — | $19.3B | ||
| Q2 24 | — | $18.8B | ||
| Q1 24 | — | — |
| 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 | $162.1M | $230.0M |
| Free Cash FlowOCF − Capex | $137.4M | $35.0M |
| FCF MarginFCF / Revenue | 19.4% | 2.5% |
| Capex IntensityCapex / Revenue | 3.5% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $162.1M | $230.0M | ||
| Q2 25 | — | $258.0M | ||
| Q1 25 | — | $139.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $186.0M | ||
| Q2 24 | — | $155.0M | ||
| Q1 24 | — | $105.0M |
| Q3 25 | $137.4M | $35.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $-31.0M | ||
| Q1 24 | — | $-42.0M |
| Q3 25 | 19.4% | 2.5% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | — | -3.2% |
| Q3 25 | 3.5% | 14.2% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 11.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
