LGI Homes

Based in The Woodlands, Texas, LGI Homes is a publicly-traded homebuilder that has been making the dream of homeownership come true for buyers since 2003. Our beautiful new homes, offered in amenity-rich communities conveniently located near major metropolitan areas, give the best in location, affordability and lifestyle to our homebuyers. Our mission is simple: give first-time and long-time homebuyers quality homes at affordable prices. We are able to pass through savings to our customers because we procure and develop our own land, maximizing efficiencies and keeping costs low. Our communities are located close to the urban centers where people work and play, while allowing our residents to enjoy the slower pace, open space and reduced expense that exists just a short distance from the city. We consider our communities the best of both worlds: where affordable homeownership meets the vibrancy and attractions of the greater metropolitan area. In addition to our presence in several Texas markets, we have recently expanded into the Arizona, Florida, Georgia, New Mexico, North Carolina, and Colorado markets. This expansion promises to herald another successful phase in our company's growth and we look forward to serving a whole host of new homebuyers in these states.
Company Growth (employees)
Type
Public
HQ
Spring, US
Founded
2003
Size (employees)
591 (est)+21%
LGI Homes was founded in 2003 and is headquartered in Spring, US

LGI Homes Office Locations

LGI Homes has an office in Spring
Spring, US (HQ)
1450 Lake Robbins Dr

LGI Homes Data and Metrics

LGI Homes Financial Metrics

LGI Homes's revenue was reported to be $162.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

162.9 m

Gross profit (Q1, 2017)

43.5 m

Gross profit margin (Q1, 2017), %

27%

Net income (Q1, 2017)

11.8 m

EBIT (Q1, 2017)

16.1 m

Market capitalization (21-Jul-2017)

970.5 m

Cash (31-Mar-2017)

31.6 m
LGI Homes's current market capitalization is $970.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

162.8 m383.3 m630.2 m838.3 m

Revenue growth, %

135%64%33%

Cost of goods sold

121.3 m280.5 m463.3 m616.7 m

Gross profit

41.5 m102.8 m166.9 m221.6 m

Gross profit Margin, %

25%27%26%26%

Sales and marketing expense

67 m

General and administrative expense

43.2 m

Operating expense total

110.1 m

EBIT

12.1 m42.4 m79.7 m111.5 m

EBIT margin, %

7%11%13%13%

Interest expense

50.9 k

Pre tax profit

22.8 m43.1 m80.3 m113.7 m

Income tax expense

(1.1 m)14.9 m27.5 m38.6 m

Net Income

21.7 m28.2 m52.8 m75 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

106.4 m92.5 m120.7 m158.8 m174 m162.5 m222.7 m216.3 m162.9 m

Cost of goods sold

78 m67.3 m89.2 m116.3 m127.9 m121.1 m163.6 m159.5 m119.4 m

Gross profit

28.4 m25.3 m31.5 m42.6 m46 m41.4 m59.1 m56.8 m43.5 m

Gross profit Margin, %

27%27%26%27%26%25%27%26%27%

Sales and marketing expense

9.2 m9.2 m11.6 m13.4 m14.1 m14.1 m17.9 m17 m16.1 m

General and administrative expense

5.3 m6.1 m8.2 m7.9 m8.9 m10 m10.5 m10.7 m11.3 m

Operating expense total

14.5 m15.4 m19.8 m21.3 m23 m24 m28.4 m27.7 m27.4 m

EBIT

13.9 m9.9 m11.7 m21.2 m23 m17.3 m30.7 m29.1 m16.1 m

EBIT margin, %

13%11%10%13%13%11%14%13%10%

Pre tax profit

13.9 m10.5 m11.7 m21.2 m23.2 m17.8 m31.4 m29.5 m16.8 m

Income tax expense

(4.9 m)(3.5 m)(4 m)(7.3 m)(7.8 m)6.1 m10.7 m10 m5.1 m

Net Income

13.6 m20.7 m37.1 m11.7 m32.4 m51.8 m11.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

54.1 m31.4 m37.6 m49.5 m

Accounts Receivable

5.4 m7.4 m17.3 m17.1 m

Inventories

142 m367.9 m531.2 m717.7 m

PP&E

844.7 k1.6 m2.1 m2 m

Goodwill

12.7 m12.5 m12.2 m12 m

Total Assets

221 m438.1 m622.3 m814.5 m

Accounts Payable

14 m15.5 m24 m12.3 m

Total Debt

71.1 m432.2 m801 m

Total Liabilities

459.3 m

Common Stock

223 k

Additional Paid-in Capital

157.1 m163.5 m175.6 m208.3 m

Retained Earnings

7.1 m35.3 m88.2 m163.2 m

Total Equity

164.4 m182.5 m247.4 m355.2 m

Debt to Equity Ratio

0.4 x2.4 x2.3 x

Debt to Assets Ratio

0.3 x1 x1 x

Financial Leverage

1.3 x2.4 x2.5 x2.3 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

49.7 m36.5 m47.6 m49.7 m45.9 m31.6 m

Accounts Receivable

14.8 m15.8 m13.8 m15.1 m15.6 m17.2 m

Inventories

407.1 m460.5 m561 m609.9 m676.9 m788.8 m

PP&E

2.1 m2.1 m2 m2 m2 m1.9 m

Goodwill

12.4 m12.3 m12.2 m12.1 m12 m12 m

Total Assets

503.1 m547 m653.1 m707.4 m768.6 m867.6 m

Accounts Payable

24.7 m28.9 m20.5 m22 m18.6 m19.9 m

Additional Paid-in Capital

164.4 m168.1 m180 m196.8 m206.9 m214.6 m

Retained Earnings

57 m72.4 m99.9 m120.5 m140 m175 m

Total Equity

205.1 m224.2 m263.5 m300.9 m330.6 m373.2 m

Financial Leverage

2.5 x2.4 x2.5 x2.4 x2.3 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

21.7 m28.2 m52.8 m75 m

Depreciation and Amortization

291.6 k825 k883 k1.1 m

Accounts Receivable

(3.9 m)(2 m)(10 m)270 k

Inventories

(75 m)(200 m)(150 m)(183.9 m)

Accounts Payable

5.8 m1.5 m9.6 m(11.7 m)

Cash From Operating Activities

(54.5 m)(173.2 m)(89.2 m)(108.2 m)

Purchases of PP&E

(684.4 k)(1.2 m)(1.1 m)(722 k)

Cash From Investing Activities

(31.3 m)(16.4 m)(1.1 m)(722 k)

Long-term Borrowings

(52 m)(45 m)

Cash From Financing Activities

132.7 m166.9 m96.5 m120.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

13.6 m20.7 m37.1 m11.7 m32.4 m51.8 m11.8 m

Depreciation and Amortization

301 k471 k206 k422 k647 k366 k649 k872 k211 k

Accounts Receivable

(3.8 m)(4.3 m)(5.6 m)(7.4 m)(8.5 m)3.6 m2.3 m1.7 m(95 k)

Inventories

(75.3 m)(143.5 m)(14.5 m)(33.7 m)(85.4 m)(28.9 m)(76.6 m)(143.1 m)(70.3 m)

Accounts Payable

5.4 m1.4 m2.4 m9.5 m14.2 m(3.3 m)(2 m)(5.5 m)7.6 m

Cash From Operating Activities

(67.5 m)(129.6 m)(5.4 m)(1.8 m)(24.4 m)(10.5 m)(34.5 m)(67 m)(47.2 m)

Purchases of PP&E

(539 k)(828 k)(189 k)(417 k)(892 k)(185 k)(358 k)(571 k)(171 k)

Cash From Investing Activities

(539 k)(828 k)(473 k)(417 k)(892 k)(185 k)(358 k)(571 k)(171 k)

Long-term Borrowings

(2.4 m)(2.9 m)(580 k)(154.7 m)(154.8 m)(17 m)(37 m)(40 m)

Cash From Financing Activities

56.8 m122.5 m13.5 m20.6 m30.3 m20.7 m46.9 m75.9 m29.5 m
USDY, 2017

Revenue/Employee

275.7 k

Financial Leverage

2.3 x

LGI Homes Market Value History

LGI Homes Online and Social Media Presence

LGI Homes Company Life and Culture

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