Legacy Housing (Legacy Housing) Gross Profit : $88.3 Mil (TTM As of Mar. 2024)

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What is Legacy Housing Gross Profit?

Legacy Housing's gross profit for the three months ended in Mar. 2024 was $22.8 Mil. Legacy Housing's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $88.3 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Legacy Housing's gross profit for the three months ended in Mar. 2024 was $22.8 Mil. Legacy Housing's Revenue for the three months ended in Mar. 2024 was $43.2 Mil. Therefore, Legacy Housing's Gross Margin % for the quarter that ended in Mar. 2024 was 52.67%.

Legacy Housing had a gross margin of 52.67% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 8 years, the highest Gross Margin % of Legacy Housing was 49.20%. The lowest was 30.05%. And the median was 37.91%.

Legacy Housing Gross Profit Historical Data

The historical data trend for Legacy Housing's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Legacy Housing Gross Profit Chart

Legacy Housing Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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64.05

67.00

83.46

106.90

89.45

Legacy Housing Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															23.90	22.93	25.12	17.51	22.78

Competitive Comparison of Legacy Housing's Gross Profit

For the Residential Construction subindustry, Legacy Housing's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legacy Housing's Gross Profit Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Legacy Housing's Gross Profit distribution charts can be found below:

* The bar in red indicates where Legacy Housing's Gross Profit falls into.

Legacy Housing Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Legacy Housing's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	189.144	-	99.692
	=	89.5

Legacy Housing's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	43.243	-	20.466
	=	22.8

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $88.3 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Legacy Housing's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	22.8	/	43.243
	=	52.67 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Legacy Housing (NAS:LEGH) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Legacy Housing had a gross margin of 52.67% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Legacy Housing Gross Profit Related Terms

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Legacy Housing (Legacy Housing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Legacy Housing Corp (NAS:LEGH) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

1600 Airport Freeway, Suite No. 100, Bedford, TX, USA, 76022

Website

https://www.legacyhousingcorp.com

Legacy Housing Corp builds, sell, and finance manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and also sold directly to manufactured home communities. The company also provides financing options to customers to facilitate the sale of homes.

Executives

Curtis Drew Hodgson	director, 10 percent owner, officer: Co-Chief Executive Officer	15400 KNOLL TRAIL STE 101 LB 25, DALLAS TX 75248
Kenneth E Shipley	director, 10 percent owner, officer: Co-Chief Executive Officer	PO BOX 749, LEVELLAND TX 79336
William G Shipley	10 percent owner	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Robert Duncan Bates	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Douglas M Shipley	10 percent owner	PO BOX 749, LEVELLAND TX 79336
Jeffrey Mark Fiedelman	officer: CFO	7026 BAXTERSHIRE DRIVE, DALLAS TX 75230
Jeffrey V Burt	officer: CFO and Treasurer	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Francisco Javier Coll	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Ronald Carter Arrington	officer: CFO	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Joseph Phillip Lane	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Jeffrey Kyle Stouder	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Stephen Lynn Crawford	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Neal J Suit	officer: Exec VP, GC and Secretary	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Mark E Bennett	director	C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022
Philip Thomas Blazek	director	500 CRESCENT COURT, SUITE 230, DALLAS TX 75201