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Limbach Holdings, Inc.(LMB)Earnings, Financials & Key Ratios
LMB•NASDAQ
$81.26
20.2× P/E·Price updated Jun 27, 2026
SectorIndustrialsIndustryEngineering & ConstructionSub-IndustryBuilding systems and specialty trades
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$647M+24.7%
- EBITDA$68M+33.8%
- Net Income$49M+57.5%
- EPS (Diluted)4.02+56.4%
- Gross Margin26.18%-5.9%
- EBITDA Margin10.45%+7.3%
- Operating Margin7.65%+2.7%
- Net Margin7.52%+26.3%
- ROE27.86%+23.8%
LMB Price & Volume
Limbach Holdings, Inc. (LMB) stock price & volume — 10-year historical chart
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Strategic Pivot Drives Margin Expansion Amid Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Skilled labor supply constraints
Key Thesis Takeaways
- Limbach Holdings is successfully transitioning from low-margin general contracting to high-value owner-direct service relationships, a shift evidenced by gross margins peaking at 30.3% in 2024Q4.
- While this pivot supports long-term profitability, investors should monitor the inherent volatility in cash conversion and the risks associated with integrating $70.7M in goodwill as of 2026Q1.
- The company's ability to maintain a conservative 0.39 debt-to-equity ratio while scaling through acquisitions remains a critical factor for future valuation upside.
Verdict Logic
while the company shows promise with a forward P/E of 16.31, the significant volatility in quarterly OCF/NI ratios, which hit a low of 0.22 in 2025Q1, warrants a cautious approach until cash generation stabilizes.
LMB Growth Metrics
Limbach Holdings, Inc. (LMB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.92%
5 Years2.62%
3 Years9.19%
TTM22.45%
Profit CAGR
10 Years-
5 Years52.96%
3 Years92.67%
TTM-0.81%
EPS CAGR
10 Years-
5 Years41.05%
3 Years84.51%
TTM-1.43%
Return on Capital
10 Years-58.52%
5 Years16.68%
3 Years21.14%
Last Year22.12%
LMB Recent Earnings
Limbach Holdings, Inc. (LMB) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.64+128.6%
$0.28
Rev
$139M+3.4%
$134M
Q2 2026
Mar 2, 2026Metric
Actual
Est
EPS
$1.40+12.9%
$1.24
Rev
$187M-5.4%
$198M
Q4 2025
Nov 4, 2025Metric
Actual
Est
EPS
$1.05-3.7%
$1.09
Rev
$185M-7.0%
$198M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.93+14.8%
$0.81
Rev
$142M-16.5%
$170M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.64vs $0.28+128.6% | $139Mvs $134M+3.4% |
| Q2 2026 | Mar 2, 2026 | $1.40vs $1.24+12.9% | $187Mvs $198M-5.4% |
| Q4 2025 | Nov 4, 2025 | $1.05vs $1.09-3.7% | $185Mvs $198M-7.0% |
| Q3 2025 | Aug 5, 2025 | $0.93vs $0.81+14.8% | $142Mvs $170M-16.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Limbach Holdings, Inc. (LMB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $81.26 | $949.07M | 20.21 | 24.68% | 7.52% | 27.86% | — | |
| $2.09 | $72.27M | -0.53 | -10.38% | -37.71% | -79.18% | — | |
| $477.95 | $7.44B | 63.47 | 8.79% | 3.71% | 22.14% | — | |
| $714.90 | $14.24B | 47.60 | 16.89% | 10.47% | 40.55% | — | |
| $49.51 | $904.94M | 25.26 | -5.43% | 2.6% | 27.22% | — | |
| $29.26 | $7.63B | 31.46 | 4.69% | 8.96% | 24.36% | — |
Compare LMB vs Peers
Limbach Holdings, Inc. (LMB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LMB SEC Filings & Documents
Limbach Holdings, Inc. (LMB) SEC filings — annual & quarterly reports (10-K, 10-Q)
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LMB Frequently Asked Questions
Limbach Holdings, Inc. (LMB) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Limbach Holdings, Inc.'s revenue?
Limbach Holdings, Inc. (LMB) reported $652.6M in revenue for fiscal year 2025.
How fast is Limbach Holdings, Inc. growing?
Limbach Holdings, Inc. (LMB) grew revenue by 24.7% over the past year. This is strong growth.
Is LMB profitable?
Yes, Limbach Holdings, Inc. (LMB) is profitable, generating $33.2M in net income for fiscal year 2025 (7.5% net margin).
Dividend & Returns
What is LMB's return on equity?
Limbach Holdings, Inc. (LMB) has a return on equity (ROE) of 27.9%. This is excellent, indicating efficient use of shareholder capital.
What is Limbach Holdings, Inc.'s free cash flow?
Limbach Holdings, Inc. (LMB) generated $33.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.