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Limbach Holdings, Inc. (LMB)

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Limbach Holdings, Inc. (LMB) reported revenue of $173 million for Q2 FY2026, the quarter ended 30 June 2026, up 21.9% on the same quarter a year earlier. Net income was $5 million, down 38.8% on the year, and diluted earnings per share $0.39. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$173 millionup 21.9%
Net income$5 milliondown 38.8%
Diluted EPS$0.39
QuarterQ2 FY2026ended 30 June 2026

Limbach Holdings (LMB) in brief

Limbach Holdings (LMB) reported revenue of $647 million for fiscal 2025, the year ended 31 December 2025, up 24.7% on the year before.
Read moreNet income was $39 million and diluted earnings per share $3.23. Revenue was $519 million in fiscal 2024, $516 million in fiscal 2023, $497 million in fiscal 2022 and $490 million in fiscal 2021. Net income in the same years was $31 million, $21 million, $7 million and $7 million. Over the twelve months to 30 June 2026, Limbach Holdings reported revenue of $684 million and net income of $30 million. Revenue grew 2.6% a year, compounded, over the five years to fiscal 2025. Limbach Holdings had 12 million shares outstanding at the latest filed count. At 30 June 2026 it carried $41 million of debt and $18 million of cash. At the close of 29 October 2026 the market cap of Limbach Holdings was $614 million, 20.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE14.9%
ROCE16.1%
Operating margin5.7%
Net margin4.4%
FCF margin7.4%
Interest cover11.17
Debt to equity0.20
Cash conversion1.73
Share count, last 12 months2.5%
Sales CAGR, 3 years9.2%
Profit CAGR, 3 years79.1%
EPS, TTM$2.50

At the close of 29 October 2026

Price$51.51
Market cap$614 million
Stock P/E20.60
Price to book3.02
EV / EBITDA10.96
Dividend yieldn/a
Market cap / sales0.90
52-week high$114.11
52-week low$41.22
Price, 1 year-46.0%
Price CAGR, 3 years21.3%
Price CAGR, 5 years48.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowing lines of Limbach Holdings, Inc.'s balance sheet, added together, finance leases inside them only where the company puts them there; operating leases are a separate line. Nothing here is a valuation or a view.
LMBgreeksoup.ai
Daily prices to 29 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on LMB

Dividendsno dividend in its filings for fiscal 2015 onward
Filings18 in twelve months: 11 current reports (8-K), about 7 regulation FD disclosure; 4 results of operations; 2 material agreement; 2 new financial obligation; 2 officer or director change
Planned insider sales7 Form 144 notices in twelve months, $3.1 million; latest 15 September 2026
Options tapeput/call 0.81 by open interest at the 29 October 2026 close; the straddle prices a 17.6% move to 20 November 2026
13F holders178 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading23 sales and 7 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.2 million shares short, 4.88 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue129127115116122143121125128143119122134144133142185187139173
Cost of revenue10510196.594.897.511494.896.496.510987.988.797.810096.4102140139108136
Gross profit24.525.518.321.324.929.226.228.531.233.331.133.536.143.636.739.844.748.131.237.3
Gross margin19%20%16%18%20%20%22%23%24%23%26%27%27%30%28%28%24%26%22%21%
SG&A18.318.818.718.718.721.821.120.421.025.022.923.223.727.426.526.628.328.028.128.1
Operating income6.16.6-0.81.55.45.94.77.69.87.36.58.210.913.07.910.613.317.61.17.3
Operating margin5%5%-1%1%4%4%4%6%8%5%5%7%8%9%6%7%7%9%1%4%
Interest expensen/an/an/an/an/an/an/a0.50.4n/a0.50.40.50.50.50.61.20.80.70.8
Pre-tax income5.66.2-2.11.15.35.33.67.310.07.27.38.410.913.58.010.812.617.30.76.6
Tax rate29%31%n/a21%31%29%17%28%28%27%-5%29%31%27%-28%28%30%29%-506%28%
Net income4.04.3-1.50.93.63.83.05.37.25.27.66.07.59.810.27.88.812.34.44.7
Net margin3%3%-1%1%3%3%2%4%6%4%6%5%6%7%8%5%5%7%3%3%
Diluted EPS$0.38$0.46-$0.15$0.08$0.34$0.35$0.27$0.46$0.61$0.44$0.64$0.50$0.62$0.82$0.85$0.64$0.73$1.02$0.36$0.39
Operating cash flow7.8-7.5-3.015.610.412.49.416.917.213.9-3.916.54.919.32.22.013.328.1-7.818.7
Capital expenditure0.20.10.20.30.30.30.90.60.20.52.53.30.41.32.20.80.50.30.40.6
Free cash flow7.6-7.6-3.115.310.112.18.416.416.913.4-6.513.24.618.00.01.212.827.9-8.218.1
Shares outstanding10m10m10m10m10m10m11m11m11m11m11m11m11m11m12m12m12m12m12m12m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 9 fiscal years and the trailing twelve months

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue486547553568490497516519647684
Cost of revenue420487481487404403397374477523
Gross profit65.659.471.981.485.993.7119144169161
Gross margin13.5%10.9%13.0%14.3%17.5%18.9%23.1%27.8%26.2%23.6%
Selling, general and administrative56.057.163.263.671.477.987.497.2110113
Operating income6.01.18.117.214.012.029.338.649.539.3
Operating margin1.2%0.2%1.5%3.0%2.9%2.4%5.7%7.4%7.6%5.7%
Interest expense0.0n/an/an/an/a2.12.01.93.13.5
Pre-tax income3.9-2.5-2.17.09.59.628.140.048.637.2
Income tax3.2-0.6-0.31.22.82.87.39.19.67.0
Effective tax rate81.6%n/an/a16.9%29.2%29.2%26.1%22.7%19.7%18.7%
Net income0.7-1.8-1.85.86.76.820.830.939.130.2
Net margin0.1%-0.3%-0.3%1.0%1.4%1.4%4.0%6.0%6.0%4.4%
Diluted EPS-$0.13-$0.52-$0.23$0.72$0.66$0.64$1.76$2.57$3.23$2.50
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by segment FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
ODR26234648675.1%
GCR25417316124.9%
ODRGCR
516FY2023519FY2024647FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow-4.125.3-0.939.8-24.235.457.436.845.752.4
Capital expenditure3.33.92.71.50.81.02.37.53.81.8
Free cash flow-7.421.4-3.638.3-25.034.455.129.341.950.6
Free cash flow margin-1.5%3.9%-0.6%6.7%-5.1%6.9%10.7%5.6%6.5%7.4%
Cash from investing-3.2-3.7-2.5-1.3-19.3-0.5-17.1-42.6-67.6-66.1
Cash from financing0.5-20.610.1-4.715.9-13.4-16.5-9.1-11.7-7.7
Depreciation and amortisation9.15.76.36.25.98.28.211.918.118.9
Share-based compensation1.72.21.81.12.62.74.95.87.07.8
Buybacksn/an/an/an/a0.02.00.00.0n/an/a
Diluted shares, weighted7m8m8m8m10m11m12m12m12m12m
Shares outstanding at period end8m8m8m8m10m10m11m11m12m12m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity48.246.446.953.787.895.4121153196203
Redeemable equity8.00.00.00.00.00.00.00.00.0n/a
Debt27.127.247.643.039.731.122.326.935.640.7
Operating lease liabilitiesn/a0.018.215.516.615.616.017.815.914.3
Finance lease liabilitiesn/an/a4.23.92.78.210.013.920.918.7
Other liabilities130180145146121144135140113127
Total liabilities and equity213254262262268295304352381404
Owned
Fixed assets17.920.5n/an/an/an/an/an/an/an/a
Goodwill10.510.56.16.111.411.416.433.070.672.6
Intangible assets14.213.012.311.716.915.325.041.249.245.8
Cash and equivalents0.61.68.342.114.536.059.844.911.317.5
Receivables12913610585.889.312497.8120133149
Other assets40.472.4130116135107105113117119
Total assets213254262262268295304352381404
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a2.6%9.2%23.7%
Profit growth, compoundedn/a46.4%79.1%-14.4%
Return on equity, average8.5%14.4%19.1%20.0%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Limbach Holdings' revenue in fiscal 2025?

Limbach Holdings (LMB) reported revenue of $647 million for fiscal 2025, the year ended 31 December 2025, up 24.7% on the year before.

How much did Limbach Holdings earn in fiscal 2025?

Net income was $39 million for fiscal 2025, and diluted earnings per share $3.23.

What is Limbach Holdings' P/E ratio?

At the close of 29 October 2026, Limbach Holdings traded at 20.6 times its earnings over the twelve months to 30 June 2026.

What is Limbach Holdings' market cap?

The market cap of Limbach Holdings was $614 million at the close of 29 October 2026.

How much debt does Limbach Holdings have?

At 30 June 2026 Limbach Holdings carried $41 million of debt and $18 million of cash.

Peers: Construction

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Argan Inc. AGX$5.0 billion28.2135.4%15.4%29.0%0.000.6%
Legence Corp. LGN$3.2 billionn/a-7.5%0.8%n/a1.72n/a
KB Home KBH$2.9 billion13.426.0%n/a-20.8%0.552.1%
Green Brick Partners, Inc. GRBK$2.7 billion10.0513.5%n/a-6.9%0.14n/a
Sunrun Inc. RUN$1.8 billion5.1211.5%2.7%63.2%4.34n/a
Preformed Line Products Co. PLPC$1.6 billion26.9111.4%10.1%16.3%0.110.3%
Century Communities, Inc. CCS$1.5 billion14.274.3%n/a-8.2%0.71n/a
LGI Homes, Inc. LGIH$1.0 billion15.353.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$917 million7.0210.2%n/a-12.2%1.27n/a
Cardinal Infrastructure Group Inc. CDNL$681 millionn/an/an/an/a0.80n/a
Limbach Holdings, Inc. LMB$614 million20.6014.9%5.7%23.7%0.20n/a
Concrete Pumping Holdings, Inc. BBCP$513 million63.593.9%11.5%6.9%1.56n/a
All 36 in Construction
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Quanta Services, Inc. PWR$95.7 billion57.5316.0%6.8%37.1%0.660.1%
Comfort Systems USA Inc. FIX$46.4 billion28.6248.9%16.7%50.7%0.010.2%
D.R. Horton, Inc. DHI$41.1 billion13.9412.8%n/a-3.5%0.301.2%
Emcor Group, Inc. EME$30.3 billion19.9236.1%10.4%22.1%0.000.2%
PulteGroup Inc. PHM$22.9 billion13.2913.7%n/a-9.3%0.170.8%
Lennar Corp. LEN$20.3 billion16.166.1%5.4%-8.0%0.27n/a
Jacobs Solutions Inc. J$17.9 billion53.5910.4%4.6%20.1%1.100.9%
NVR Inc. NVR$16.0 billion15.6133.7%n/a-9.9%0.27n/a
Mastec Inc. MTZ$14.3 billion29.0811.9%n/a25.7%0.98n/a
Toll Brothers, Inc. TOL$13.3 billion11.5814.0%13.8%-1.1%0.320.7%
Sterling Infrastructure, Inc. STRL$11.4 billion20.9936.8%18.2%93.1%0.06n/a
Dycom Industries Inc. DY$7.2 billion21.8016.0%7.8%37.8%1.37n/a
Fluor Corp. FLR$6.5 billionn/a-74.3%-1.4%-4.8%0.40n/a
Installed Building Products, Inc. IBP$5.6 billion22.8439.2%12.4%0.3%1.661.6%
Everus Construction Group, Inc. ECG$5.5 billion21.7332.9%7.8%30.5%0.35n/a
Granite Construction Inc. GVA$5.4 billionn/a-28.0%7.5%25.1%1.640.4%
Construction Partners, Inc. ROAD$5.2 billion35.9913.7%8.6%41.9%1.72n/a
Argan Inc. AGX$5.0 billion28.2135.4%15.4%29.0%0.000.6%
Kbr, Inc. KBR$4.8 billion11.0125.1%9.4%-3.0%1.441.7%
IES Holdings, Inc. IESC$4.5 billion9.9337.1%12.4%22.7%0.00n/a
MYR Group Inc. MYRG$4.4 billion23.0023.6%6.1%22.8%0.26n/a
Tutor Perini Corp. TPC$4.3 billion35.589.8%4.5%24.7%0.310.1%
Primoris Services Corp. PRIM$4.1 billion29.658.7%2.9%5.1%0.500.4%
GEO Group Inc. GEO$3.8 billion13.4619.2%11.2%15.4%1.02n/a
M/I Homes, Inc. MHO$3.2 billion12.208.5%8.2%-6.0%0.16n/a
Legence Corp. LGN$3.2 billionn/a-7.5%0.8%n/a1.72n/a
KB Home KBH$2.9 billion13.426.0%n/a-20.8%0.552.1%
Green Brick Partners, Inc. GRBK$2.7 billion10.0513.5%n/a-6.9%0.14n/a
Sunrun Inc. RUN$1.8 billion5.1211.5%2.7%63.2%4.34n/a
Preformed Line Products Co. PLPC$1.6 billion26.9111.4%10.1%16.3%0.110.3%
Century Communities, Inc. CCS$1.5 billion14.274.3%n/a-8.2%0.71n/a
LGI Homes, Inc. LGIH$1.0 billion15.353.1%n/a-16.7%0.74n/a
Dream Finders Homes, Inc. DFH$917 million7.0210.2%n/a-12.2%1.27n/a
Cardinal Infrastructure Group Inc. CDNL$681 millionn/an/an/an/a0.80n/a
Limbach Holdings, Inc. LMB$614 million20.6014.9%5.7%23.7%0.20n/a
Concrete Pumping Holdings, Inc. BBCP$513 million63.593.9%11.5%6.9%1.56n/a
4 companies share its SEC industry code (Construction - Special Trade Contractors); the rest are the names nearest in size in its wider industry, Construction, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 20252 March 2026EDGAR
10-Q30 September 20254 November 2025EDGAR
10-Q30 June 20255 August 2025EDGAR
10-Q31 March 20255 May 2025EDGAR
10-K31 December 202410 March 2025EDGAR
10-Q30 September 20245 November 2024EDGAR
10-Q30 June 20246 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR