Limbach Holdings, Inc. (LMB) 10-Year Financial Performance & Capital Metrics

LMB • • Industrial / General

IndustrialsEngineering & ConstructionElectrical & Mechanical ContractingHVAC & Energy Services

AboutLimbach Holdings, Inc. operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system. Its facility services comprise mechanical construction, HVAC service and maintenance, energy audits and retrofits, engineering and design build, constructability evaluation, equipment and materials selection, offsite/prefabrication construction, and sustainable building solutions and practices. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers and K-12 facilities; sports arenas; entertainment facilities, and amusement rides; passenger terminals and maintenance facilities for rail and airports; government facilities comprising federal, state, and local agencies; hotels and resorts; office building and other commercial structures; data centers; and industrial manufacturing facilities. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.Show more

Revenue $519M +0.5%
EBITDA $51M +34.6%
Net Income $31M +48.8%
EPS (Diluted) 2.57 +46.0%
Gross Margin 27.81% +20.4%
EBITDA Margin 9.74% +34.0%
Operating Margin 7.45% +31.3%
Net Margin 5.95% +48.1%
ROE 22.5% +17.3%
ROIC 22.25% +7.8%
Debt/Equity 0.32 -8.6%
Interest Coverage 20.67 +44.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Good 3Y average ROE of 16.4%
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-1.28%

3Y1.9%

TTM16.56%

Profit (Net Income) CAGR

10Y-

5Y-

3Y66.29%

TTM39.28%

EPS CAGR

10Y-

5Y-

3Y57.32%

TTM37.99%

ROCE

10Y Avg-60.82%

5Y Avg15.43%

3Y Avg16.7%

Latest21.44%

Peer Comparison

HVAC & Energy Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LGNLegence Corp. Class A Common stock	2.83B	46.31	484.92	29.94%	0.46%		0.36%
FIXComfort Systems USA, Inc.	38.48B	1091.04	74.73	34.97%	10.06%	37.5%	1.92%	0.18
LMBLimbach Holdings, Inc.	1.01B	86.67	33.72	0.47%	6.06%	20.16%	2.9%	0.32
WXMWF International Limited Ordinary Shares	5.22M	0.61	4.65	1.4%	6.2%	25.91%	11.96%	0.58
BLNKBlink Charging Co.	122.89M	0.87	-0.44	-11.16%	-118.72%	-139.09%		0.09
BNCCEA Industries Inc. Common Stock	262.62M	5.96	-1.41	-59.43%	220.3%	0.06%		0.03

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	331.35M	446.99M	485.74M	546.53M	553.33M	568.21M	490.35M	496.78M	516.35M	518.78M
Revenue Growth %	-	0.35%	0.09%	0.13%	0.01%	0.03%	-0.14%	0.01%	0.04%	0%
Cost of Goods Sold+	285.94M	394.44M	420.12M	487.1M	481.46M	486.82M	404.44M	403.04M	397.06M	374.5M
COGS % of Revenue	0.86%	0.88%	0.86%	0.89%	0.87%	0.86%	0.82%	0.81%	0.77%	0.72%
Gross Profit+	45.41M	52.55M	65.62M	59.43M	71.88M	81.39M	85.91M	93.74M	119.29M	144.28M
Gross Margin %	0.14%	0.12%	0.14%	0.11%	0.13%	0.14%	0.18%	0.19%	0.23%	0.28%
Gross Profit Growth %	-	0.16%	0.25%	-0.09%	0.21%	0.13%	0.06%	0.09%	0.27%	0.21%
Operating Expenses+	390.97K	443M	59.6M	58.36M	63.81M	64.23M	71.92M	81.73M	90.01M	105.66M
OpEx % of Revenue	0%	0.99%	0.12%	0.11%	0.12%	0.11%	0.15%	0.16%	0.17%	0.2%
Selling, General & Admin	390.97K	46.24M	56.02M	57.09M	63.17M	63.6M	71.44M	77.88M	87.4M	97.2M
SG&A % of Revenue	0%	0.1%	0.12%	0.1%	0.11%	0.11%	0.15%	0.16%	0.17%	0.19%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	443M	3.58M	-335K	642K	630K	484K	3.85M	2.61M	8.46M
Operating Income+	-390.97K	-443M	6.02M	1.07M	8.07M	17.16M	13.99M	12.01M	29.28M	38.62M
Operating Margin %	-0%	-0.99%	0.01%	0%	0.01%	0.03%	0.03%	0.02%	0.06%	0.07%
Operating Income Growth %	-0.48%	-1132.07%	1.01%	-0.82%	6.54%	1.13%	-0.18%	-0.14%	1.44%	0.32%
EBITDA+	-392.6K	-435.66M	15.14M	6.75M	14.35M	23.33M	19.94M	20.17M	37.53M	50.51M
EBITDA Margin %	-0%	-0.97%	0.03%	0.01%	0.03%	0.04%	0.04%	0.04%	0.07%	0.1%
EBITDA Growth %	-	-1108.7%	1.03%	-0.55%	1.13%	0.63%	-0.15%	0.01%	0.86%	0.35%
D&A (Non-Cash Add-back)	-1.62K	7.34M	9.12M	5.68M	6.29M	6.17M	5.95M	8.16M	8.24M	11.89M
EBIT	7.64M	4.57M	6.02M	1.07M	8.07M	15.62M	12.04M	11.75M	30.15M	41.84M
Net Interest Income+	-3.2M	0	-2.03M	-3.31M	-6.29M	-8.63M	-2.57M	-2.14M	-829K	358K
Interest Income	49.75K	0	0	0	0	0	0	0	1.22M	2.23M
Interest Expense	3.25M	0	2.28M	3.31M	6.29M	8.63M	2.57M	2.14M	2.05M	1.87M
Other Income/Expense	-3.27M	-8.77M	-2.15M	-3.55M	-10.12M	-10.17M	-4.51M	-2.4M	-1.18M	1.34M
Pretax Income+	-339.6K	-2M	3.86M	-2.48M	-2.06M	6.99M	9.48M	9.61M	28.1M	39.97M
Pretax Margin %	-0%	-0%	0.01%	-0%	-0%	0.01%	0.02%	0.02%	0.05%	0.08%
Income Tax+	-51.37K	-3.87M	3.15M	-635K	-282K	1.18M	2.76M	2.81M	7.35M	9.09M
Effective Tax Rate %	1%	-0.93%	0.18%	0.74%	0.86%	0.83%	0.71%	0.71%	0.74%	0.77%
Net Income+	-339.6K	1.87M	712K	-1.84M	-1.77M	5.81M	6.71M	6.8M	20.75M	30.88M
Net Margin %	-0%	0%	0%	-0%	-0%	0.01%	0.01%	0.01%	0.04%	0.06%
Net Income Growth %	-0.34%	6.51%	-0.62%	-3.59%	0.04%	4.27%	0.16%	0.01%	2.05%	0.49%
Net Income (Continuing)	4.37M	1.87M	712K	-1.84M	-1.77M	5.81M	6.71M	6.8M	20.75M	30.88M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.06	0.25	-0.13	-0.24	-0.23	0.72	0.66	0.64	1.76	2.57
EPS Growth %	0.59%	5.38%	-1.52%	-0.85%	0.04%	4.13%	-0.08%	-0.03%	1.75%	0.46%
EPS (Basic)	-0.06	0.25	-0.13	-0.24	-0.23	0.74	0.67	0.65	1.93	2.75
Diluted Shares Outstanding	5.95M	7.47M	7.47M	7.56M	7.66M	8.07M	10.23M	10.68M	11.81M	12.03M
Basic Shares Outstanding	5.95M	7.45M	7.26M	7.56M	7.66M	7.87M	10.01M	10.43M	10.77M	11.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	139.32K	155.18M	166.26M	204.99M	195.38M	199.42M	192.91M	225.99M	217M	220.33M
Cash & Short-Term Investments	119.83K	7.41M	626K	1.62M	8.34M	42.15M	14.48M	36M	59.83M	44.93M
Cash Only	119.83K	7.41M	626K	1.62M	8.34M	42.15M	14.48M	36M	59.83M	44.93M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	106.1M	145.93M	162.35M	168.38M	182.25M	152.87M	173.3M	185.99M	149.44M	167.21M
Days Sales Outstanding	116.88	119.16	121.99	112.46	120.22	98.2	129	136.65	105.64	117.64
Inventory	0	123K	124K	125K	0	0	0	0	0	0
Days Inventory Outstanding	-	0.11	0.11	0.09	-	-	-	-	-	-
Other Current Assets	1.86M	1.85M	3.29M	34.98M	4.77M	4.39M	5.11M	3.99M	7.71M	8.19M
Total Non-Current Assets+	46.06M	51.69M	46.76M	48.65M	66.24M	62.74M	74.61M	68.57M	87.44M	131.79M
Property, Plant & Equipment	13.22M	18.54M	17.92M	20.53M	42.34M	38.45M	41.74M	36.51M	40.56M	51.66M
Fixed Asset Turnover	25.06x	24.11x	27.11x	26.62x	13.07x	14.78x	11.75x	13.61x	12.73x	10.04x
Goodwill	0	10.49M	10.49M	10.49M	6.13M	6.13M	11.37M	11.37M	16.37M	33.03M
Intangible Assets	0	17.81M	14.22M	12.95M	12.31M	11.68M	16.91M	15.34M	25M	41.23M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	32.84M	588K	465K	271K	668K	392K	259K	515K	330K	337K
Total Assets+	46.2M	206.88M	213.02M	253.63M	261.62M	262.16M	267.51M	294.56M	304.44M	352.13M
Asset Turnover	7.17x	2.16x	2.28x	2.15x	2.12x	2.17x	1.83x	1.69x	1.70x	1.47x
Asset Growth %	-0.01%	3.48%	0.03%	0.19%	0.03%	0%	0.02%	0.1%	0.03%	0.16%
Total Current Liabilities+	255.28K	126.73M	135.48M	182.14M	156.87M	150.29M	129.74M	159.09M	145.15M	151.04M
Accounts Payable	42.57M	57.03M	67.44M	74.35M	86.27M	66.76M	63.84M	75.12M	65.27M	60.81M
Days Payables Outstanding	54.34	52.78	58.59	55.72	65.4	50.06	57.61	68.03	60	59.27
Short-Term Debt	2.7M	4.48M	14.14M	3.14M	4.42M	4M	9.88M	9.56M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	3.54M	3.35M	37.53M	448K	11.71M	7.35M	9.68M	12.25M	14.37M
Current Ratio	0.55x	1.22x	1.23x	1.13x	1.25x	1.33x	1.49x	1.42x	1.50x	1.46x
Quick Ratio	0.55x	1.22x	1.23x	1.12x	1.25x	1.33x	1.49x	1.42x	1.50x	1.46x
Cash Conversion Cycle	-	66.5	63.51	56.83	-	-	-	-	-	-
Total Non-Current Liabilities+	255.28K	22.32M	21.42M	25.13M	57.88M	58.13M	49.93M	40.03M	38.38M	47.6M
Long-Term Debt	30.96M	21.51M	20.56M	23.61M	38.87M	32.59M	29.82M	21.53M	9.61M	9.63M
Capital Lease Obligations	0	0	0	0	18.25M	19.38M	16.58M	15.64M	26.05M	31.69M
Deferred Tax Liabilities	0	4.53M	3.07M	3.61M	0	0	0	0	0	0
Other Non-Current Liabilities	964K	817K	861K	1.51M	763K	6.16M	3.54M	2.86M	2.71M	6.28M
Total Liabilities	255.28K	149.05M	156.9M	207.27M	214.75M	208.43M	179.67M	199.11M	183.52M	198.64M
Total Debt+	125K	25.98M	26.91M	26.75M	65.29M	62.44M	60.64M	50.3M	41.98M	48.73M
Net Debt	5.17K	18.58M	26.29M	25.14M	56.95M	20.29M	46.16M	14.3M	-17.86M	3.8M
Debt / Equity	0.00x	0.45x	0.48x	0.58x	1.39x	1.16x	0.69x	0.53x	0.35x	0.32x
Debt / EBITDA	-	-	1.78x	3.96x	4.55x	2.68x	3.04x	2.49x	1.12x	0.96x
Net Debt / EBITDA	-	-	1.74x	3.72x	3.97x	0.87x	2.32x	0.71x	-0.48x	0.08x
Interest Coverage	-0.12x	-	2.64x	0.32x	1.28x	1.99x	5.45x	5.60x	14.31x	20.67x
Total Equity+	45.94M	57.82M	56.12M	46.37M	46.87M	53.73M	87.84M	95.44M	120.92M	153.49M
Equity Growth %	-0.01%	0.26%	-0.03%	-0.17%	0.01%	0.15%	0.63%	0.09%	0.27%	0.27%
Book Value per Share	7.72	7.74	7.51	6.13	6.12	6.66	8.58	8.94	10.24	12.76
Total Shareholders' Equity	45.94M	57.82M	56.12M	46.37M	46.87M	53.73M	87.84M	95.44M	120.92M	153.49M
Common Stock	40.94M	1K	1K	1K	1K	1K	1K	1K	1K	1K
Retained Earnings	-529.36K	-7.71M	-6.58M	-8.42M	-9.69M	-3.88M	2.83M	9.63M	30.39M	61.26M
Treasury Stock	0	0	0	0	0	0	0	-2M	-2M	-2M
Accumulated OCI	8.21M	-2.59M	-7.84M	-11.81M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-226.19K	4.8M	-4.07M	25.32M	-926K	39.81M	-24.23M	35.37M	57.37M	36.78M
Operating CF Margin %	-0%	0.01%	-0.01%	0.05%	-0%	0.07%	-0.05%	0.07%	0.11%	0.07%
Operating CF Growth %	0.18%	22.23%	-1.85%	7.23%	-1.04%	44%	-1.61%	2.46%	0.62%	-0.36%
Net Income	-339.6K	1.87M	712K	-1.84M	-1.77M	5.81M	6.71M	6.8M	20.75M	30.88M
Depreciation & Amortization	2.63M	7.34M	9.12M	5.68M	6.29M	6.17M	5.95M	8.16M	8.24M	11.89M
Stock-Based Compensation	0	1.5M	1.66M	2.16M	1.77M	1.07M	2.6M	2.74M	4.91M	5.77M
Deferred Taxes	0	-3.87M	603K	-745K	-609K	-1.3M	1.76M	-499K	-350K	-352K
Other Non-Cash Items	24.64M	51.33M	582K	682K	9.13M	7.83M	6.69M	7.23M	5.42M	4.97M
Working Capital Changes	113.41K	-6.55M	-16.74M	19.39M	-15.72M	20.24M	-47.94M	10.94M	18.39M	-16.37M
Change in Receivables	-19.31M	-40.33M	-15.63M	-6.41M	-12.72M	19.2M	3.41M	-12.98M	43M	-11.28M
Change in Inventory	0	0	1K	-3.42M	0	16.27M	-25.38M	0	0	0
Change in Payables	60.43K	9.69M	10.4M	6.91M	11.91M	-19.5M	-5.58M	11.28M	-10.91M	-10.3M
Cash from Investing+	-51.37K	-15.46M	-3.23M	-3.68M	-2.49M	-1.32M	-19.3M	-495K	-17.09M	-42.57M
Capital Expenditures	-2.38M	-3.4M	-3.3M	-3.88M	-2.66M	-1.48M	-791K	-993K	-2.27M	-7.52M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0%	0%	0%	0%	0%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-51.37K	18M	69K	197K	172K	160K	465K	498K	0	7K
Cash from Financing+	-788K	12.22M	519K	-20.65M	10.14M	-4.69M	15.87M	-13.35M	-16.49M	-9.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-245K	-875K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-124K	-195K	-5.98M	-16.4M	-2.55M	191K	23.07M	-541K	-2.31M	-6.51M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.61M	1.41M	-7.37M	21.45M	-3.59M	38.33M	-25.02M	34.38M	55.1M	29.26M
FCF Margin %	-0.01%	0%	-0.02%	0.04%	-0.01%	0.07%	-0.05%	0.07%	0.11%	0.06%
FCF Growth %	-8.5%	1.54%	-6.23%	3.91%	-1.17%	11.68%	-1.65%	2.37%	0.6%	-0.47%
FCF per Share	-0.44	0.19	-0.99	2.84	-0.47	4.75	-2.45	3.22	4.66	2.43
FCF Conversion (FCF/Net Income)	0.67x	2.57x	-5.71x	-13.72x	0.52x	6.86x	-3.61x	5.20x	2.76x	1.19x
Interest Paid	0	0	0	0	4.61M	6.47M	2.55M	2M	1.91M	1.9M
Taxes Paid	0	0	0	0	0	734K	2.29M	1.98M	9.16M	8.53M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-0.74%	3.6%	1.25%	-3.6%	-3.81%	11.54%	9.49%	7.42%	19.18%	22.5%
Return on Invested Capital (ROIC)	-0.64%	-543.12%	5.68%	1.04%	6.9%	14.47%	10.09%	7.39%	20.64%	22.25%
Gross Margin	13.71%	11.76%	13.51%	10.87%	12.99%	14.32%	17.52%	18.87%	23.1%	27.81%
Net Margin	-0.1%	0.42%	0.15%	-0.34%	-0.32%	1.02%	1.37%	1.37%	4.02%	5.95%
Debt / Equity	0.00x	0.45x	0.48x	0.58x	1.39x	1.16x	0.69x	0.53x	0.35x	0.32x
Interest Coverage	-0.12x	-	2.64x	0.32x	1.28x	1.99x	5.45x	5.60x	14.31x	20.67x
FCF Conversion	0.67x	2.57x	-5.71x	-13.72x	0.52x	6.86x	-3.61x	5.20x	2.76x	1.19x
Revenue Growth	-	34.9%	8.67%	12.51%	1.25%	2.69%	-13.7%	1.31%	3.94%	0.47%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Owner Direct Relationships	-	-	-	-	-	140.34M	216.4M	261.96M	345.5M
Owner Direct Relationships Growth	-	-	-	-	-	-	54.20%	21.05%	31.89%
General Contractor (Construction Manager) Relationships	-	-	-	-	-	350.01M	280.38M	254.39M	173.28M
General Contractor (Construction Manager) Relationships Growth	-	-	-	-	-	-	-19.90%	-9.27%	-31.88%
Construction	-	-	-	-	393.5M	-	-	-	-
Construction Growth	-	-	-	-	-	-	-	-	-
Service	-	-	-	-	35.7M	-	-	-	-
Service Growth	-	-	-	-	-	-	-	-	-
Construction	390.2M	391.36M	438.23M	438.2M	-	-	-	-	-
Construction Growth	-	0.30%	11.97%	-0.01%	-	-	-	-	-
Service	44.1M	94.38M	108.3M	115.14M	-	-	-	-	-
Service Growth	-	114.00%	14.75%	6.32%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Limbach Holdings, Inc. (LMB) has a price-to-earnings (P/E) ratio of 33.7x. This suggests investors expect higher future growth.

Growth & Financials

Limbach Holdings, Inc. (LMB) reported $603.6M in revenue for fiscal year 2024.

Limbach Holdings, Inc. (LMB) grew revenue by 0.5% over the past year. Growth has been modest.

Yes, Limbach Holdings, Inc. (LMB) is profitable, generating $36.6M in net income for fiscal year 2024 (6.0% net margin).

Dividend & Returns

Limbach Holdings, Inc. (LMB) has a return on equity (ROE) of 22.5%. This is excellent, indicating efficient use of shareholder capital.

Limbach Holdings, Inc. (LMB) generated $32.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Limbach Holdings, Inc. (LMB) 10-Year Financial Performance & Capital Metrics

LMB • • Industrial / General

IndustrialsEngineering & ConstructionElectrical & Mechanical ContractingHVAC & Energy Services

Revenue $519M +0.5%
EBITDA $51M +34.6%
Net Income $31M +48.8%
EPS (Diluted) 2.57 +46.0%
Gross Margin 27.81% +20.4%
EBITDA Margin 9.74% +34.0%
Operating Margin 7.45% +31.3%
Net Margin 5.95% +48.1%
ROE 22.5% +17.3%
ROIC 22.25% +7.8%
Debt/Equity 0.32 -8.6%
Interest Coverage 20.67 +44.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Good 3Y average ROE of 16.4%
✓Efficient asset utilization: 1.5x turnover

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-1.28%

3Y1.9%

TTM16.56%

Profit (Net Income) CAGR

10Y-

5Y-

3Y66.29%

TTM39.28%

EPS CAGR

10Y-

5Y-

3Y57.32%

TTM37.99%

ROCE

10Y Avg-60.82%

5Y Avg15.43%

3Y Avg16.7%

Latest21.44%

Peer Comparison

HVAC & Energy Services

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LGNLegence Corp. Class A Common stock	2.83B	46.31	484.92	29.94%	0.46%		0.36%
FIXComfort Systems USA, Inc.	38.48B	1091.04	74.73	34.97%	10.06%	37.5%	1.92%	0.18
LMBLimbach Holdings, Inc.	1.01B	86.67	33.72	0.47%	6.06%	20.16%	2.9%	0.32
WXMWF International Limited Ordinary Shares	5.22M	0.61	4.65	1.4%	6.2%	25.91%	11.96%	0.58
BLNKBlink Charging Co.	122.89M	0.87	-0.44	-11.16%	-118.72%	-139.09%		0.09
BNCCEA Industries Inc. Common Stock	262.62M	5.96	-1.41	-59.43%	220.3%	0.06%		0.03

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	331.35M	446.99M	485.74M	546.53M	553.33M	568.21M	490.35M	496.78M	516.35M	518.78M
Revenue Growth %	-	0.35%	0.09%	0.13%	0.01%	0.03%	-0.14%	0.01%	0.04%	0%
Cost of Goods Sold+	285.94M	394.44M	420.12M	487.1M	481.46M	486.82M	404.44M	403.04M	397.06M	374.5M
COGS % of Revenue	0.86%	0.88%	0.86%	0.89%	0.87%	0.86%	0.82%	0.81%	0.77%	0.72%
Gross Profit+	45.41M	52.55M	65.62M	59.43M	71.88M	81.39M	85.91M	93.74M	119.29M	144.28M
Gross Margin %	0.14%	0.12%	0.14%	0.11%	0.13%	0.14%	0.18%	0.19%	0.23%	0.28%
Gross Profit Growth %	-	0.16%	0.25%	-0.09%	0.21%	0.13%	0.06%	0.09%	0.27%	0.21%
Operating Expenses+	390.97K	443M	59.6M	58.36M	63.81M	64.23M	71.92M	81.73M	90.01M	105.66M
OpEx % of Revenue	0%	0.99%	0.12%	0.11%	0.12%	0.11%	0.15%	0.16%	0.17%	0.2%
Selling, General & Admin	390.97K	46.24M	56.02M	57.09M	63.17M	63.6M	71.44M	77.88M	87.4M	97.2M
SG&A % of Revenue	0%	0.1%	0.12%	0.1%	0.11%	0.11%	0.15%	0.16%	0.17%	0.19%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	443M	3.58M	-335K	642K	630K	484K	3.85M	2.61M	8.46M
Operating Income+	-390.97K	-443M	6.02M	1.07M	8.07M	17.16M	13.99M	12.01M	29.28M	38.62M
Operating Margin %	-0%	-0.99%	0.01%	0%	0.01%	0.03%	0.03%	0.02%	0.06%	0.07%
Operating Income Growth %	-0.48%	-1132.07%	1.01%	-0.82%	6.54%	1.13%	-0.18%	-0.14%	1.44%	0.32%
EBITDA+	-392.6K	-435.66M	15.14M	6.75M	14.35M	23.33M	19.94M	20.17M	37.53M	50.51M
EBITDA Margin %	-0%	-0.97%	0.03%	0.01%	0.03%	0.04%	0.04%	0.04%	0.07%	0.1%
EBITDA Growth %	-	-1108.7%	1.03%	-0.55%	1.13%	0.63%	-0.15%	0.01%	0.86%	0.35%
D&A (Non-Cash Add-back)	-1.62K	7.34M	9.12M	5.68M	6.29M	6.17M	5.95M	8.16M	8.24M	11.89M
EBIT	7.64M	4.57M	6.02M	1.07M	8.07M	15.62M	12.04M	11.75M	30.15M	41.84M
Net Interest Income+	-3.2M	0	-2.03M	-3.31M	-6.29M	-8.63M	-2.57M	-2.14M	-829K	358K
Interest Income	49.75K	0	0	0	0	0	0	0	1.22M	2.23M
Interest Expense	3.25M	0	2.28M	3.31M	6.29M	8.63M	2.57M	2.14M	2.05M	1.87M
Other Income/Expense	-3.27M	-8.77M	-2.15M	-3.55M	-10.12M	-10.17M	-4.51M	-2.4M	-1.18M	1.34M
Pretax Income+	-339.6K	-2M	3.86M	-2.48M	-2.06M	6.99M	9.48M	9.61M	28.1M	39.97M
Pretax Margin %	-0%	-0%	0.01%	-0%	-0%	0.01%	0.02%	0.02%	0.05%	0.08%
Income Tax+	-51.37K	-3.87M	3.15M	-635K	-282K	1.18M	2.76M	2.81M	7.35M	9.09M
Effective Tax Rate %	1%	-0.93%	0.18%	0.74%	0.86%	0.83%	0.71%	0.71%	0.74%	0.77%
Net Income+	-339.6K	1.87M	712K	-1.84M	-1.77M	5.81M	6.71M	6.8M	20.75M	30.88M
Net Margin %	-0%	0%	0%	-0%	-0%	0.01%	0.01%	0.01%	0.04%	0.06%
Net Income Growth %	-0.34%	6.51%	-0.62%	-3.59%	0.04%	4.27%	0.16%	0.01%	2.05%	0.49%
Net Income (Continuing)	4.37M	1.87M	712K	-1.84M	-1.77M	5.81M	6.71M	6.8M	20.75M	30.88M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.06	0.25	-0.13	-0.24	-0.23	0.72	0.66	0.64	1.76	2.57
EPS Growth %	0.59%	5.38%	-1.52%	-0.85%	0.04%	4.13%	-0.08%	-0.03%	1.75%	0.46%
EPS (Basic)	-0.06	0.25	-0.13	-0.24	-0.23	0.74	0.67	0.65	1.93	2.75
Diluted Shares Outstanding	5.95M	7.47M	7.47M	7.56M	7.66M	8.07M	10.23M	10.68M	11.81M	12.03M
Basic Shares Outstanding	5.95M	7.45M	7.26M	7.56M	7.66M	7.87M	10.01M	10.43M	10.77M	11.24M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	139.32K	155.18M	166.26M	204.99M	195.38M	199.42M	192.91M	225.99M	217M	220.33M
Cash & Short-Term Investments	119.83K	7.41M	626K	1.62M	8.34M	42.15M	14.48M	36M	59.83M	44.93M
Cash Only	119.83K	7.41M	626K	1.62M	8.34M	42.15M	14.48M	36M	59.83M	44.93M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	106.1M	145.93M	162.35M	168.38M	182.25M	152.87M	173.3M	185.99M	149.44M	167.21M
Days Sales Outstanding	116.88	119.16	121.99	112.46	120.22	98.2	129	136.65	105.64	117.64
Inventory	0	123K	124K	125K	0	0	0	0	0	0
Days Inventory Outstanding	-	0.11	0.11	0.09	-	-	-	-	-	-
Other Current Assets	1.86M	1.85M	3.29M	34.98M	4.77M	4.39M	5.11M	3.99M	7.71M	8.19M
Total Non-Current Assets+	46.06M	51.69M	46.76M	48.65M	66.24M	62.74M	74.61M	68.57M	87.44M	131.79M
Property, Plant & Equipment	13.22M	18.54M	17.92M	20.53M	42.34M	38.45M	41.74M	36.51M	40.56M	51.66M
Fixed Asset Turnover	25.06x	24.11x	27.11x	26.62x	13.07x	14.78x	11.75x	13.61x	12.73x	10.04x
Goodwill	0	10.49M	10.49M	10.49M	6.13M	6.13M	11.37M	11.37M	16.37M	33.03M
Intangible Assets	0	17.81M	14.22M	12.95M	12.31M	11.68M	16.91M	15.34M	25M	41.23M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	32.84M	588K	465K	271K	668K	392K	259K	515K	330K	337K
Total Assets+	46.2M	206.88M	213.02M	253.63M	261.62M	262.16M	267.51M	294.56M	304.44M	352.13M
Asset Turnover	7.17x	2.16x	2.28x	2.15x	2.12x	2.17x	1.83x	1.69x	1.70x	1.47x
Asset Growth %	-0.01%	3.48%	0.03%	0.19%	0.03%	0%	0.02%	0.1%	0.03%	0.16%
Total Current Liabilities+	255.28K	126.73M	135.48M	182.14M	156.87M	150.29M	129.74M	159.09M	145.15M	151.04M
Accounts Payable	42.57M	57.03M	67.44M	74.35M	86.27M	66.76M	63.84M	75.12M	65.27M	60.81M
Days Payables Outstanding	54.34	52.78	58.59	55.72	65.4	50.06	57.61	68.03	60	59.27
Short-Term Debt	2.7M	4.48M	14.14M	3.14M	4.42M	4M	9.88M	9.56M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	3.54M	3.35M	37.53M	448K	11.71M	7.35M	9.68M	12.25M	14.37M
Current Ratio	0.55x	1.22x	1.23x	1.13x	1.25x	1.33x	1.49x	1.42x	1.50x	1.46x
Quick Ratio	0.55x	1.22x	1.23x	1.12x	1.25x	1.33x	1.49x	1.42x	1.50x	1.46x
Cash Conversion Cycle	-	66.5	63.51	56.83	-	-	-	-	-	-
Total Non-Current Liabilities+	255.28K	22.32M	21.42M	25.13M	57.88M	58.13M	49.93M	40.03M	38.38M	47.6M
Long-Term Debt	30.96M	21.51M	20.56M	23.61M	38.87M	32.59M	29.82M	21.53M	9.61M	9.63M
Capital Lease Obligations	0	0	0	0	18.25M	19.38M	16.58M	15.64M	26.05M	31.69M
Deferred Tax Liabilities	0	4.53M	3.07M	3.61M	0	0	0	0	0	0
Other Non-Current Liabilities	964K	817K	861K	1.51M	763K	6.16M	3.54M	2.86M	2.71M	6.28M
Total Liabilities	255.28K	149.05M	156.9M	207.27M	214.75M	208.43M	179.67M	199.11M	183.52M	198.64M
Total Debt+	125K	25.98M	26.91M	26.75M	65.29M	62.44M	60.64M	50.3M	41.98M	48.73M
Net Debt	5.17K	18.58M	26.29M	25.14M	56.95M	20.29M	46.16M	14.3M	-17.86M	3.8M
Debt / Equity	0.00x	0.45x	0.48x	0.58x	1.39x	1.16x	0.69x	0.53x	0.35x	0.32x
Debt / EBITDA	-	-	1.78x	3.96x	4.55x	2.68x	3.04x	2.49x	1.12x	0.96x
Net Debt / EBITDA	-	-	1.74x	3.72x	3.97x	0.87x	2.32x	0.71x	-0.48x	0.08x
Interest Coverage	-0.12x	-	2.64x	0.32x	1.28x	1.99x	5.45x	5.60x	14.31x	20.67x
Total Equity+	45.94M	57.82M	56.12M	46.37M	46.87M	53.73M	87.84M	95.44M	120.92M	153.49M
Equity Growth %	-0.01%	0.26%	-0.03%	-0.17%	0.01%	0.15%	0.63%	0.09%	0.27%	0.27%
Book Value per Share	7.72	7.74	7.51	6.13	6.12	6.66	8.58	8.94	10.24	12.76
Total Shareholders' Equity	45.94M	57.82M	56.12M	46.37M	46.87M	53.73M	87.84M	95.44M	120.92M	153.49M
Common Stock	40.94M	1K	1K	1K	1K	1K	1K	1K	1K	1K
Retained Earnings	-529.36K	-7.71M	-6.58M	-8.42M	-9.69M	-3.88M	2.83M	9.63M	30.39M	61.26M
Treasury Stock	0	0	0	0	0	0	0	-2M	-2M	-2M
Accumulated OCI	8.21M	-2.59M	-7.84M	-11.81M	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-226.19K	4.8M	-4.07M	25.32M	-926K	39.81M	-24.23M	35.37M	57.37M	36.78M
Operating CF Margin %	-0%	0.01%	-0.01%	0.05%	-0%	0.07%	-0.05%	0.07%	0.11%	0.07%
Operating CF Growth %	0.18%	22.23%	-1.85%	7.23%	-1.04%	44%	-1.61%	2.46%	0.62%	-0.36%
Net Income	-339.6K	1.87M	712K	-1.84M	-1.77M	5.81M	6.71M	6.8M	20.75M	30.88M
Depreciation & Amortization	2.63M	7.34M	9.12M	5.68M	6.29M	6.17M	5.95M	8.16M	8.24M	11.89M
Stock-Based Compensation	0	1.5M	1.66M	2.16M	1.77M	1.07M	2.6M	2.74M	4.91M	5.77M
Deferred Taxes	0	-3.87M	603K	-745K	-609K	-1.3M	1.76M	-499K	-350K	-352K
Other Non-Cash Items	24.64M	51.33M	582K	682K	9.13M	7.83M	6.69M	7.23M	5.42M	4.97M
Working Capital Changes	113.41K	-6.55M	-16.74M	19.39M	-15.72M	20.24M	-47.94M	10.94M	18.39M	-16.37M
Change in Receivables	-19.31M	-40.33M	-15.63M	-6.41M	-12.72M	19.2M	3.41M	-12.98M	43M	-11.28M
Change in Inventory	0	0	1K	-3.42M	0	16.27M	-25.38M	0	0	0
Change in Payables	60.43K	9.69M	10.4M	6.91M	11.91M	-19.5M	-5.58M	11.28M	-10.91M	-10.3M
Cash from Investing+	-51.37K	-15.46M	-3.23M	-3.68M	-2.49M	-1.32M	-19.3M	-495K	-17.09M	-42.57M
Capital Expenditures	-2.38M	-3.4M	-3.3M	-3.88M	-2.66M	-1.48M	-791K	-993K	-2.27M	-7.52M
CapEx % of Revenue	0.01%	0.01%	0.01%	0.01%	0%	0%	0%	0%	0%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-51.37K	18M	69K	197K	172K	160K	465K	498K	0	7K
Cash from Financing+	-788K	12.22M	519K	-20.65M	10.14M	-4.69M	15.87M	-13.35M	-16.49M	-9.12M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-245K	-875K	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-124K	-195K	-5.98M	-16.4M	-2.55M	191K	23.07M	-541K	-2.31M	-6.51M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-2.61M	1.41M	-7.37M	21.45M	-3.59M	38.33M	-25.02M	34.38M	55.1M	29.26M
FCF Margin %	-0.01%	0%	-0.02%	0.04%	-0.01%	0.07%	-0.05%	0.07%	0.11%	0.06%
FCF Growth %	-8.5%	1.54%	-6.23%	3.91%	-1.17%	11.68%	-1.65%	2.37%	0.6%	-0.47%
FCF per Share	-0.44	0.19	-0.99	2.84	-0.47	4.75	-2.45	3.22	4.66	2.43
FCF Conversion (FCF/Net Income)	0.67x	2.57x	-5.71x	-13.72x	0.52x	6.86x	-3.61x	5.20x	2.76x	1.19x
Interest Paid	0	0	0	0	4.61M	6.47M	2.55M	2M	1.91M	1.9M
Taxes Paid	0	0	0	0	0	734K	2.29M	1.98M	9.16M	8.53M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-0.74%	3.6%	1.25%	-3.6%	-3.81%	11.54%	9.49%	7.42%	19.18%	22.5%
Return on Invested Capital (ROIC)	-0.64%	-543.12%	5.68%	1.04%	6.9%	14.47%	10.09%	7.39%	20.64%	22.25%
Gross Margin	13.71%	11.76%	13.51%	10.87%	12.99%	14.32%	17.52%	18.87%	23.1%	27.81%
Net Margin	-0.1%	0.42%	0.15%	-0.34%	-0.32%	1.02%	1.37%	1.37%	4.02%	5.95%
Debt / Equity	0.00x	0.45x	0.48x	0.58x	1.39x	1.16x	0.69x	0.53x	0.35x	0.32x
Interest Coverage	-0.12x	-	2.64x	0.32x	1.28x	1.99x	5.45x	5.60x	14.31x	20.67x
FCF Conversion	0.67x	2.57x	-5.71x	-13.72x	0.52x	6.86x	-3.61x	5.20x	2.76x	1.19x
Revenue Growth	-	34.9%	8.67%	12.51%	1.25%	2.69%	-13.7%	1.31%	3.94%	0.47%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024
Owner Direct Relationships	-	-	-	-	-	140.34M	216.4M	261.96M	345.5M
Owner Direct Relationships Growth	-	-	-	-	-	-	54.20%	21.05%	31.89%
General Contractor (Construction Manager) Relationships	-	-	-	-	-	350.01M	280.38M	254.39M	173.28M
General Contractor (Construction Manager) Relationships Growth	-	-	-	-	-	-	-19.90%	-9.27%	-31.88%
Construction	-	-	-	-	393.5M	-	-	-	-
Construction Growth	-	-	-	-	-	-	-	-	-
Service	-	-	-	-	35.7M	-	-	-	-
Service Growth	-	-	-	-	-	-	-	-	-
Construction	390.2M	391.36M	438.23M	438.2M	-	-	-	-	-
Construction Growth	-	0.30%	11.97%	-0.01%	-	-	-	-	-
Service	44.1M	94.38M	108.3M	115.14M	-	-	-	-	-
Service Growth	-	114.00%	14.75%	6.32%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Limbach Holdings, Inc. (LMB) has a price-to-earnings (P/E) ratio of 33.7x. This suggests investors expect higher future growth.

Growth & Financials

Limbach Holdings, Inc. (LMB) reported $603.6M in revenue for fiscal year 2024.

Limbach Holdings, Inc. (LMB) grew revenue by 0.5% over the past year. Growth has been modest.

Yes, Limbach Holdings, Inc. (LMB) is profitable, generating $36.6M in net income for fiscal year 2024 (6.0% net margin).

Dividend & Returns

Limbach Holdings, Inc. (LMB) has a return on equity (ROE) of 22.5%. This is excellent, indicating efficient use of shareholder capital.

Limbach Holdings, Inc. (LMB) generated $32.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.