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Side-by-side financial comparison of Legence Corp. (LGN) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $708.0M, roughly 1.1× Legence Corp.). Legence Corp. runs the higher net margin — -0.1% vs -4.3%, a 4.2% gap on every dollar of revenue. On growth, Legence Corp. posted the faster year-over-year revenue change (26.2% vs 12.8%). Legence Corp. produced more free cash flow last quarter ($137.4M vs $-13.0M).
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.
LGN vs MAGN — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $708.0M | $792.0M |
| Net Profit | $-576.0K | $-34.0M |
| Gross Margin | 20.9% | 12.2% |
| Operating Margin | 5.3% | 1.8% |
| Net Margin | -0.1% | -4.3% |
| Revenue YoY | 26.2% | 12.8% |
| Net Profit YoY | 46.8% | 43.3% |
| EPS (diluted) | $-0.02 | $-0.95 |
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 | — | $792.0M | ||
| Q3 25 | $708.0M | — | ||
| Q2 25 | — | $839.0M | ||
| Q1 25 | — | $824.0M | ||
| Q4 24 | — | $702.0M | ||
| Q3 24 | $560.8M | $332.1M | ||
| Q2 24 | — | $556.0M | ||
| Q1 24 | — | $558.0M |
| Q4 25 | — | $-34.0M | ||
| Q3 25 | $-576.0K | — | ||
| Q2 25 | — | $-18.0M | ||
| Q1 25 | — | $-41.0M | ||
| Q4 24 | — | $-60.0M | ||
| Q3 24 | $-1.1M | $-15.2M | ||
| Q2 24 | — | $19.0M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | 20.9% | — | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | 21.1% | 10.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | — | 1.8% | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | -3.1% | ||
| Q3 24 | 4.8% | 0.9% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | — | -4.3% | ||
| Q3 25 | -0.1% | — | ||
| Q2 25 | — | -2.1% | ||
| Q1 25 | — | -5.0% | ||
| Q4 24 | — | -8.5% | ||
| Q3 24 | -0.2% | -4.6% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | $-0.95 | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | — | $-0.51 | ||
| Q1 25 | — | $-1.15 | ||
| Q4 24 | — | $-1.69 | ||
| Q3 24 | — | $-0.33 | ||
| Q2 24 | — | $0.60 | ||
| Q1 24 | — | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | $812.6M | $1.9B |
| Stockholders' EquityBook value | $387.9M | $1.0B |
| Total Assets | $2.6B | $3.9B |
| Debt / EquityLower = less leverage | 2.10× | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $264.0M | ||
| Q3 25 | $176.0M | — | ||
| Q2 25 | — | $276.0M | ||
| Q1 25 | — | $282.0M | ||
| Q4 24 | — | $215.0M | ||
| Q3 24 | — | $230.0M | ||
| Q2 24 | — | $33.9M | ||
| Q1 24 | — | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | $812.6M | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M | ||
| Q1 24 | — | $884.7M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $387.9M | — | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | — | $3.9B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | — | $4.1B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | — | $4.0B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 2.10× | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $137.4M | $-13.0M |
| FCF MarginFCF / Revenue | 19.4% | -1.6% |
| Capex IntensityCapex / Revenue | 3.5% | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $2.0M | ||
| Q3 25 | $162.1M | — | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $65.0M | ||
| Q4 24 | — | $-58.0M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $38.0M | ||
| Q1 24 | — | $20.0M |
| Q4 25 | — | $-13.0M | ||
| Q3 25 | $137.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | — | $-74.0M | ||
| Q3 24 | — | $3.6M | ||
| Q2 24 | — | $23.0M | ||
| Q1 24 | — | $12.5M |
| Q4 25 | — | -1.6% | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | -10.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× | ||
| Q1 24 | — | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
