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Ameresco vs Legence: revenue, profit, margins and growth compared

Ameresco brought in $1.8B of revenue in fiscal 2024, Legence $2.6B in fiscal 2025. Revenue changed by +28.8% at Ameresco and +21.5% at Legence on the year before, so Ameresco grew faster. Ameresco kept 3.2% of its revenue as net profit, Legence -2.3%. Free cash flow was $113.3M at Ameresco and $218.9M at Legence.

Side by side, latest fiscal year

AMRCLGN
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$1.8B$2.6B
Revenue growth+28.8%+21.5%
Net income$56.8M-$59.8M
Net margin3.2%-2.3%
Free cash flow$113.3M$218.9M
Free cash flow margin6.4%8.6%
Earnings per share (diluted)$1.07n/a
Cash$108.5M$230.2M
Debt$149.4M$829.1M
Price to earnings20.1n/a
Market value$1.1B$5.7B
Dividend yieldn/an/a
Rank by revenue in sector#373 of 778 · Consumer discretionary#318 of 778 · Consumer discretionary

Over the years

Revenue
AMRC FY2017: $717.2MAMRC FY2018: $787.1MAMRC FY2019: $866.9MAMRC FY2020: $1BAMRC FY2021: $1.2BAMRC FY2022: $1.8BAMRC FY2023: $1.4BAMRC FY2024: $1.8BLGN FY2023: $1.6BLGN FY2025: $2.1BLGN FY2025: $2.6BFY17FY18FY19FY20FY21FY22FY23FY24FY25
AMRC $1.8BLGN $2.6B
Net income
AMRC FY2017: $37.5MAMRC FY2018: $38MAMRC FY2019: $44.4MAMRC FY2020: $54.1MAMRC FY2021: $70.5MAMRC FY2022: $94.9MAMRC FY2023: $62.5MAMRC FY2024: $56.8MLGN FY2023: -$46MLGN FY2025: -$28.6MLGN FY2025: -$59.8MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AMRC $56.8MLGN -$59.8M
Net margin
AMRC FY2017: 5.2%AMRC FY2018: 4.8%AMRC FY2019: 5.1%AMRC FY2020: 5.2%AMRC FY2021: 5.8%AMRC FY2022: 5.2%AMRC FY2023: 4.5%AMRC FY2024: 3.2%LGN FY2023: -2.8%LGN FY2025: -1.4%LGN FY2025: -2.3%FY17FY18FY19FY20FY21FY22FY23FY24FY25
AMRC 3.2%LGN -2.3%
Revenue growth
AMRC FY2018: +9.8%AMRC FY2019: +10.1%AMRC FY2020: +19.1%AMRC FY2021: +17.8%AMRC FY2022: +50.1%AMRC FY2023: -24.7%AMRC FY2024: +28.8%LGN FY2025: +29.9%LGN FY2025: +21.5%FY18FY19FY20FY21FY22FY23FY24FY25
AMRC +28.8%LGN +21.5%
Free cash flow
AMRC FY2017: -$138.4MAMRC FY2018: -$57.1MAMRC FY2019: -$203MAMRC FY2020: -$104.8MAMRC FY2021: -$177.2MAMRC FY2022: -$343.6MAMRC FY2023: -$75.7MAMRC FY2024: $113.3MLGN FY2023: $16.8MLGN FY2025: $10.3MLGN FY2025: $218.9MFY17FY18FY19FY20FY21FY22FY23FY24FY25
AMRC $113.3MLGN $218.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ameresco and Legence

Which is bigger by revenue, Ameresco or Legence?

Legence is bigger by revenue: $2.6B in fiscal 2025, against $1.8B for Ameresco in fiscal 2024.

Which keeps more of its revenue as profit, Ameresco or Legence?

Ameresco had a net margin of 3.2% in fiscal 2024; Legence had -2.3% in fiscal 2025.

Which grew revenue faster, Ameresco or Legence?

In their latest fiscal years revenue changed by +28.8% at Ameresco and +21.5% at Legence.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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