LGIH on Nasdaq

LGI Homes

Logo: The logo may be obtained from LGI Homes., Non-free logo, via Wikipedia4

Housebuilding company in the United States

LGI Homes is a Texas-based builder of new construction homes and housing developments, with its development projects mostly focused in the southwestern region of the United States. According to Builder Magazine, LGI Homes is the tenth largest home builder in the United States.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

2003Founded1

Compare with Green Brick Partners, Inc., Beazer Homes USA or K. Hovnanian Homes, or pick any stock.

  • TickerLGIH on Nasdaq1
  • Industryconstruction1
  • HeadquartersThe Woodlands1
  • Websitewww.lgihomes.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address1450 Lake Robbins Drive, Suite 430, The Woodlands, Tx 773805
  • Filer categoryLarge accelerated filer5

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LGI Homes is a Texas-based builder of new construction homes and housing developments, with its development projects mostly focused in the southwestern region of the United States. According to Builder Magazine, LGI Homes is the tenth largest home builder in the United States. 2013, the company announced the pricing of its initial public offering: 9,000,000 shares at $11 per share. 2019, LGI Homes closed 7,690 homes, which was an 18.1% increase over 2018. Home sales revenue in 2019 was $1.8 billion, a 22.2% increase over 2018.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.7%Operating margin7
4.3%Net margin7
-22.6%Revenue growth, 20257
3.5%Return on equity7
0.79×Debt to equity7
-$140.9MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Retail brought in 86% of the revenue LGI Homes broke down this way in fiscal 2025.

  1. Retail$1.5B786%down 28% from 2024
  2. Wholesale$230.3M714%up 40% from 2024
Products and services by year
Products and services202320242025
Retail$2.2B$2.0B$1.5B
Wholesale$202.3M$164.1M$230.3M

Business segments

Southeast brought in 28% of the revenue LGI Homes broke down this way in fiscal 2025.

  1. Southeast$472.1M728%down 12% from 2024
  2. Central$419.2M725%down 26% from 2024
  3. West$387.2M723%down 18% from 2024
  4. Florida$237.9M714%down 35% from 2024
  5. Northwest$189.0M711%down 27% from 2024
Business segments by year
Business segments202320242025
Southeast$556.8M$538.2M$472.1M
Central$730.7M$564.6M$419.2M
West$381.1M$472.7M$387.2M
Florida$438.8M$368.8M$237.9M
Northwest$251.2M$258.4M$189.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue79¢$1.4B
  • Other costs15¢$255.1M
  • Income tax2¢$25.9M
  • Profit4¢$72.6M

Out of $1.7B in revenue.7

Financial statements

Revenue8910117$1.7B in 2025−7% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.8B$1.8B20192020: $2.4B$2.4B2020+29%2021: $3.1B$3.1B2021+29%2022: $2.3B$2.3B2022−24%2023: $2.4B$2.4B2023+2%2024: $2.2B$2.2B2024−7%2025: $1.7B$1.7B2025−23%
Operating income8910117$79.8M in 2025−65% since 2019
0$200.0M$400.0M$600.0M2019: $227.5M$227.5M20192020: $364.7M$364.7M2020+60%2021: $547.7M$547.7M2021+50%2022: $390.1M$390.1M2022−29%2023: $233.3M$233.3M2023−40%2024: $212.1M$212.1M2024−9%2025: $79.8M$79.8M2025−62%
Net income8910117$72.6M in 2025−59% since 2019
0$200.0M$400.0M$600.0M2019: $178.6M$178.6M20192020: $323.9M$323.9M2020+81%2021: $429.6M$429.6M2021+33%2022: $326.6M$326.6M2022−24%2023: $199.2M$199.2M2023−39%2024: $196.1M$196.1M2024−2%2025: $72.6M$72.6M2025−63%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Home sales revenues$1.7B$2.2B$2.4B
Cost of sales$1.4B$1.7B$1.8B
Selling expenses$162.1M$199.9M$191.6M
General and administrative$111.6M$121.2M$117.3M
Cost of sales$79.8M$212.1M$233.3M
General and administrative-$18.7M-$46.8M-$28.5M
Operating income$98.5M$258.9M$261.8M
Income Tax Expense (Benefit)$25.9M$62.8M$62.5M
Net income before income taxes$72.6M$196.1M$199.2M
Basic (in dollars per share)$3.13$8.33$8.48
Diluted (in dollars per share)$3.12$8.30$8.42
Basic (in shares)23.2M shares23.5M shares23.5M shares
Diluted (in shares)23.3M shares23.6M shares23.6M shares

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The story

LGI Homes was founded in 2003 in The Woodlands, Texas by Thomas Lipar and began building in the Houston area. LGI Homes focuses on entry-level housing in the vicinity of major metropolitan areas. Its primary customer is the first-time homebuyer. The company saw sales trend upward from 2006 to 2008, when it was the only builder in the Builder Magazine Top-200 builders to generate unit sales and see revenue growth across that period. The company's growth slowed in 2009, when LGI Homes experienced a 9% drop in home sales, year-over-year.

In 2013, the company announced that they would be expanding to the southeast, and that plans to develop new home communities in Florida and Georgia were in place. LGI Homes began publicly trading shares of their company on 7 November 2013. The share price of the initial 9 million shares rose from $11 per share to $12.26 by market closing, an increase of 11%. The company planned to use the $90 million they raised to grow their company particularly in Texas.

In October 2014, the company purchased Oakmont Home Builders and expanded into North Carolina, South Carolina.

In 2015, they expanded into Colorado, and in 2018 LGI Homes acquired the assets of Wynn Homes. This acquisition earned the homebuilder over 200 under-construction homes and approximately 4,000 lots.

As of 25 February 2020, LGI Homes has operations in 31 markets in 18 states.

From Wikipedia’s article on LGI Homes, shared under CC BY-SA 4.0.6

Leadership

Who has led LGI Homes, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Eric Thomas Lipar2013–now

Chair

  1. Eric Thomas Lipar2017–now

President

  1. Michael Larry Snider2014–now

Chief financial officer

  1. Charles Michael Merdian2014–now

Chief operating officer

  1. Michael Larry Snider2014–now
20052010201520202025
Board members and other officers (15)

Timeline

  1. Nov 5, 2013New chief executive Eric Thomas Lipar becomes CEO15
  2. 2003Founded Founded1

Filings

209 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 104 insider forms, 22 large holders, 24 other. The latest 20:

  1. Oct 14, 20268-K EDGAR
  2. Aug 4, 202610-Q EDGAR
  3. Aug 4, 20268-K EDGAR
  4. Jul 8, 20268-A12B EDGAR
  5. Jul 8, 2026CERT EDGAR
  6. Jun 10, 20268-K EDGAR
  7. Apr 29, 2026SCHEDULE 13G EDGAR
  8. Apr 28, 202610-Q EDGAR
  9. Apr 28, 20268-K EDGAR
  10. Apr 27, 20268-K EDGAR
  11. Apr 9, 2026SCHEDULE 13G/A EDGAR
  12. Mar 26, 2026SCHEDULE 13G/A EDGAR
  13. Mar 13, 2026DEF 14A EDGAR
  14. Mar 10, 20264 EDGAR
  15. Mar 10, 20264 EDGAR
  16. Mar 10, 20264 EDGAR
  17. Mar 10, 20264 EDGAR
  18. Mar 10, 20264 EDGAR
  19. Mar 9, 2026144 EDGAR
  20. Mar 9, 2026144 EDGAR

The 209 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 22 such filings since October 2021, the latest 10:

  1. Apr 29, 2026SCHEDULE 13G
  2. Apr 9, 2026SCHEDULE 13G/A
  3. Mar 26, 2026SCHEDULE 13G/A
  4. Feb 5, 2026SCHEDULE 13G/A
  5. Jan 21, 2026SCHEDULE 13G/A
  6. Nov 12, 2025SCHEDULE 13G/A
  7. Nov 10, 2025SCHEDULE 13G
  8. Nov 12, 2024SC 13G/A
  9. Feb 13, 2024SC 13G/A
  10. Feb 9, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,561,545$226.8M0.0%+125,294
Vanguard Portfolio Management LLC1,293,672$82.4M0.0%+18,723
State Street Corp1,207,427$76.9M0.0%−33,327
Atlas FRM LLC967,000$61.6M2.6%+327,000
Vanguard Capital Management LLC883,343$56.3M0.0%+14,435
Disciplined Growth Investors Inc /mn815,069$51.9M0.9%+93,468
River Road Asset Management, LLC798,542$50.9M0.6%−38,865
CDAM (UK) Ltd725,470$46.2M11.9%−174,761
Dimensional Fund Advisors LP723,490$46.1M0.0%−359,304
Altshuler Shaham Ltd714,265$45.5M0.6%−372,998
Goldman Sachs Group Inc666,490$42.4M0.0%+8,311
Citadel Advisors LLC580,630$37.0M0.0%+555,366
Geode Capital Management, LLC555,716$35.4M0.0%+29,884
Frontier Capital Management Co LLC525,699$33.5M0.3%−103,230
Charles Schwab Investment Management Inc458,650$29.2M0.0%−33,360
Morgan Stanley434,556$27.7M0.0%+118,934
Invesco Ltd.370,574$23.6M0.0%+239,281
Millennium Management LLC357,824$22.8M0.0%−198,710
Two Sigma Investments, LP304,216$19.4M0.0%−16,346
Aqr Capital Management LLC238,666$15.2M0.0%+149,429
Nuveen, LLC224,203$14.3M0.0%+174,216
Wasatch Advisors LP213,471$13.6M0.1%+29,679
Trexquant Investment LP211,233$13.5M0.1%+93,461
Northern Trust Corp210,501$13.4M0.0%+20,037
Philadelphia Financial Management of San Francisco, LLC175,175$11.2M3.1%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

10 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 26, 2026Tim MooreRepublican, HouseSale$100,001 - $250,000+7.6%Report
Mar 20, 2026Tim MooreRepublican, HouseBuy$15,001 - $50,000+9.7%Report
Mar 19, 2026Tim MooreRepublican, HouseBuy$50,001 - $100,000+2.0%Report
Mar 18, 2026Tim MooreRepublican, HouseBuy$15,001 - $50,000−1.4%Report
Mar 12, 2026Tim MooreRepublican, HouseBuy$15,001 - $50,000−8.4%Report
Nov 5, 2025Tim MooreRepublican, HouseSale$50,001 - $100,000+23.3%Report
Nov 4, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−15.1%Report
Oct 30, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−5.6%Report
Apr 11, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+66.8%Report
Mar 5, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−71.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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