LGI Homes (LGIH) FY2024 results: revenue $2.2 billion, down 6.6% on the year
LGI Homes, Inc. (LGIH) reported revenue of $2.2 billion for fiscal 2024, the year ended 31 December 2024, down 6.6% on the year before. Net income was $196 million, down 1.6%, and diluted earnings per share $8.30. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$2.2 billion
-6.6% on the year
FY2017FY2024
Operating margin
9.6%
9.9% a year earlier
FY2017FY2024
Net income
$196 million
-1.6% on the year
FY2017FY2024
Diluted EPS
$8.30
-1.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-144
-57.0
-370
Capital expenditure
2.0
1.4
1.2
+35.3%
Free cash flow
-146
-58.4
-372
Free cash flow margin
-6.6%
-2.5%
-16.1%
Cash from investing
15.6
-13.6
-6.0
Cash from financing
132
87.6
358
+51.1%
Depreciation and amortisation
3.1
2.4
1.6
+29.1%
Share-based compensation
10.5
8.9
9.2
+17.4%
Buybacks
31.0
0.0
95.1
Diluted shares, weighted
24m
24m
24m
-0.2%
Shares outstanding at period end
23m
24m
23m
-0.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,037
1,856
1,642
+9.8%
Debt
1,481
1,248
1,117
+18.6%
Other liabilities
241
303
365
-20.7%
Total liabilities and equity
3,759
3,408
3,125
+10.3%
Fixed assets
57.0
45.5
33.0
+25.3%
Goodwill
12.0
12.0
12.0
0.0%
Cash and equivalents
53.2
49.0
32.0
+8.6%
Other assets
3,636
3,301
3,048
+10.1%
Total assets
3,759
3,408
3,125
+10.3%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.