Legacy Housing Corporation LEGH

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
70/100
Moderate

About Legacy Housing Corporation

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to … Full LEGH analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 47.4% (top 0%) and operating margin at 29.4% (top 0%) indicate strong pricing power.
  • Scale Supporting Profitability Profitability at scale is strong (score 1.00), demonstrating competitive advantages.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.24), suggesting weak customer stickiness.
  • Liquidity Concerns Liquidity is concerning (score 0.29), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
79

Where LEGH ranks in Residential Construction

Legacy Housing Corporation ranks #6 of 22 scored companies in Residential Construction by moat score — the top 27%. The widest moat in the group is PulteGroup, Inc. (PHM) at 80/100.

Moat scores for companies ranked near LEGH in Residential Construction
# Company Moat score Rating
2 NVR, Inc. NVR 79/100 Strong
3 Green Brick Partners, Inc. GRBK 78/100 Strong
4 Toll Brothers, Inc. TOL 76/100 Strong
5 Installed Building Products, In IBP 70/100 Moderate
6 Legacy Housing Corporation LEGH 70/100 Moderate
7 Taylor Morrison Home Corporatio TMHC 69/100 Moderate
8 M/I Homes, Inc. MHO 68/100 Moderate
9 Cavco Industries, Inc. CVCO 64/100 Moderate
10 D.R. Horton, Inc. DHI 57/100 Moderate

See every General Corporate company ranked by moat score →

How LEGH scores on the Corporate Default defenses

Pricing Power

Score 79 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 55 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 63 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 56 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 71 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 93 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding LEGH's moat

What is Legacy Housing Corporation's moat score?

Legacy Housing Corporation (LEGH) scores 70 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #6 of 22 scored companies in Residential Construction, the top 27%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 21 companies in Residential Construction. Its strongest defense is Scale & Market Position (93/100) and its weakest is Cost Advantage (55/100).

How does Legacy Housing Corporation compare with other Residential Construction companies?

Legacy Housing Corporation ranks #6 of 22 scored companies in Residential Construction by moat score. The widest moat in Residential Construction is PulteGroup, Inc. (PHM) at 80/100. The companies ranked closest are Installed Building Products, In (IBP) at 70 just above it and Taylor Morrison Home Corporatio (TMHC) at 69 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 21 companies in Residential Construction. The defenses are then weighted to produce the overall score out of 100.

Why is Legacy Housing Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Legacy Housing Corporation?

The Corporate Default template measures 6 defenses, and LEGH scores: Pricing Power (79), Cost Advantage (55), Customer Stickiness (63), Capital Efficiency (56), Resilience (71), Scale & Market Position (93). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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