LMB

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Limbach Holdings, Inc.

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Key Metrics

Previous Close: $43.70
52-Week Range: $42.60 – $128.57
Market Cap: $509.79M
P/E (TTM): 17.03
EPS (TTM): 2.51
Dividend Yield: —

Advanced Metrics

Price/Book: 2.51
PEG Ratio: 1.70
Return on Equity: 16.17%
Return on Assets: 6.77%
Gross Margin: 23.58%
Operating Margin: 4.31%
Profit Margin: 4.42%
Current Ratio: 1.49
Debt/Equity: 0.29
Total Debt: $59.59M
Free Cash Flow: $38.24M
Revenue Growth: 21.90%
Earnings Growth: -39.10%
Enterprise Value: $552.21M

LMB Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$496.78M	$516.35M	$518.78M	$646.80M
Cost of Revenue	$403.04M	$397.06M	$374.50M	$477.49M
Gross Profit	$93.74M	$119.29M	$144.28M	$169.31M
Selling, General & Admin	$77.88M	$87.40M	$97.20M	$109.52M
Operating Expenses	$79.45M	$89.28M	$101.89M	$117.88M
Operating Income	$14.29M	$30.01M	$42.39M	$51.44M
EBITDA	$19.91M	$38.39M	$53.72M	$69.89M
Pretax Income	$9.61M	$28.10M	$39.97M	$48.63M
Income Tax	$2.81M	$7.35M	$9.09M	$9.56M
Net Income	$6.80M	$20.75M	$30.88M	$39.06M
Diluted EPS	0.64	1.76	2.57	3.23
Diluted Shares	10.68M	11.81M	12.03M	12.08M

LMB Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$36.00M	$59.83M	$44.93M	$11.35M
Receivables	$185.99M	$149.44M	$167.21M	$178.67M
Current Assets	$225.99M	$217.00M	$220.33M	$195.05M
Total Assets	$294.56M	$304.44M	$352.13M	$381.13M
Current Liabilities	$159.09M	$145.15M	$151.04M	$135.09M
Long-Term Debt	$21.53M	$9.61M	$9.63M	$9.65M
Total Debt	$50.30M	$41.98M	$48.73M	$55.87M
Total Liabilities	$199.11M	$183.52M	$198.64M	$185.47M
Retained Earnings	$9.63M	$30.39M	$61.26M	$100.33M
Shareholders' Equity	$95.44M	$120.92M	$153.49M	$195.66M
Working Capital	$66.91M	$71.85M	$69.30M	$59.96M

LMB Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$35.37M	$57.37M	$36.78M	$45.70M
Capital Expenditure	-$993.00K	-$2.27M	-$7.52M	-$3.81M
Free Cash Flow	$34.38M	$55.10M	$29.26M	$41.89M
Depreciation & Amortisation	$8.16M	$8.24M	$11.89M	$18.13M
Stock-Based Compensation	$2.74M	$4.91M	$5.77M	$7.02M
Investing Cash Flow	-$495.00K	-$17.09M	-$42.57M	-$67.59M
Financing Cash Flow	-$13.35M	-$16.49M	-$9.12M	-$11.70M
Share Repurchases	-$2.00M	$0.00	$0.00	—
Net Change in Cash	$21.52M	$23.78M	-$14.90M	-$33.59M

LMB Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$133.11M	$142.24M	$184.58M	$186.87M	$138.86M
Cost of Revenue	$96.39M	$102.42M	$139.90M	$138.79M	$107.69M
Gross Profit	$36.72M	$39.83M	$44.69M	$48.08M	$31.17M
Selling, General & Admin	$26.52M	$26.63M	$28.33M	$28.04M	$28.11M
Operating Expenses	$28.38M	$28.39M	$30.73M	$30.38M	$29.89M
Operating Income	$8.34M	$11.44M	$13.96M	$17.71M	$1.28M
EBITDA	$12.59M	$15.25M	$18.84M	$23.21M	$5.84M
Pretax Income	$7.99M	$10.76M	$12.55M	$17.32M	$723.00K
Income Tax	-$2.22M	$3.00M	$3.77M	$5.02M	-$3.66M
Net Income	$10.21M	$7.76M	$8.79M	$12.30M	$4.38M
Diluted EPS	0.85	0.64	0.73	1.02	0.36
Diluted Shares	12.05M	12.11M	12.11M	12.08M	12.07M

LMB Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$38.09M	$38.94M	$9.82M	$11.35M	$15.77M
Receivables	$155.87M	$160.79M	$195.18M	$178.67M	$166.99M
Current Assets	$204.50M	$208.97M	$216.82M	$195.05M	$191.76M
Total Assets	$336.37M	$342.98M	$409.12M	$381.13M	$376.97M
Current Liabilities	$131.74M	$123.45M	$151.23M	$135.09M	$112.38M
Long-Term Debt	$9.63M	$9.64M	$34.14M	$9.65M	$32.03M
Total Debt	$47.98M	$54.39M	$82.75M	$55.87M	$76.47M
Total Liabilities	$175.24M	$172.45M	$227.56M	$185.47M	$180.64M
Retained Earnings	$71.47M	$79.24M	$88.03M	$100.33M	$104.70M
Shareholders' Equity	$161.13M	$170.53M	$181.56M	$195.66M	$196.34M
Working Capital	$72.76M	$85.52M	$65.59M	$59.96M	$79.38M
Net Debt	—	—	$24.32M	—	$16.26M

LMB Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$2.24M	$2.00M	$13.33M	$28.13M	-$7.81M
Capital Expenditure	-$2.23M	-$845.00K	-$481.00K	-$251.00K	-$407.00K
Free Cash Flow	$11.00K	$1.16M	$12.85M	$27.88M	-$8.22M
Depreciation & Amortisation	$4.07M	$3.92M	$5.06M	$5.08M	$4.42M
Stock-Based Compensation	$1.59M	$1.64M	$1.98M	$1.80M	$1.85M
Investing Cash Flow	-$1.93M	-$227.00K	-$65.75M	$319.00K	-$107.00K
Financing Cash Flow	-$7.16M	-$924.00K	$23.30M	-$26.92M	$12.34M
Net Change in Cash	-$6.84M	$850.00K	-$29.12M	$1.53M	$4.42M

Market Snapshot

About

Limbach Holdings, Inc. is a building systems solutions company operating in the mechanical, electrical, and plumbing (MEP) sectors. The company provides design, installation, maintenance, and retrofit services for commercial and industrial facilities. Limbach serves markets including healthcare, industrial manufacturing, data centers, and commercial buildings. The company operates primarily in the eastern and southern United States.