NASDAQ : LMB
Limbach Holdings, Inc. — Financial statements
Industrials · Building Products & Equipment · United States
Last price 51.47 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 613.78M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Limbach Holdings, Inc. (LMB) reported revenue of 683.77M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 683.77M | 646.80M | 518.78M | 516.35M | 496.78M | 490.35M |
| Cost of Revenue | 522.54M | 477.49M | 374.50M | 397.06M | 403.04M | 404.44M |
| Gross Profit | 161.23M | 169.31M | 144.28M | 119.29M | 93.74M | 85.91M |
| Selling, General & Admin | 112.60M | 109.52M | 97.20M | 87.40M | 77.88M | 70.84M |
| Amortization of Goodwill & Intangibles | 8.21M | 8.36M | 4.69M | 1.88M | 1.57M | 484.00K |
| Operating Expenses | 120.80M | 117.88M | 101.89M | 89.28M | 79.45M | 71.32M |
| Operating Income | 40.43M | 51.44M | 42.39M | 30.01M | 14.29M | 14.59M |
| Interest Expense | -3.50M | -3.32M | -1.83M | -2.17M | -1.83M | -2.57M |
| Interest & Investment Income | 127.00K | 815.00K | 2.23M | 1.22M | ||
| Other Non Operating Income (Expenses) | 14.00K | |||||
| EBT Excluding Unusual Items | 37.06M | 48.93M | 42.79M | 29.06M | 12.46M | 12.04M |
| Merger & Restructuring Charges | -600.00K | |||||
| Gain (Loss) on Sale of Assets | 1.26M | 1.68M | 950.00K | 80.00K | 281.00K | 2.00K |
| Other Unusual Items | -1.14M | -1.99M | -3.77M | -1.04M | -3.13M | -1.96M |
| Pretax Income | 37.18M | 48.63M | 39.97M | 28.10M | 9.61M | 9.48M |
| Income Tax Expense | 6.96M | 9.56M | 9.09M | 7.35M | 2.81M | 2.76M |
| Net Income | 30.21M | 39.06M | 30.88M | 20.75M | 6.80M | 6.71M |
| Net Income to Common | 30.21M | 39.06M | 30.88M | 20.75M | 6.80M | 6.71M |
| Shares Outstanding (Basic) | 11.73M | 11.58M | 11.24M | 10.77M | 10.43M | 10.01M |
| Shares Outstanding (Diluted) | 12.05M | 12.08M | 12.03M | 11.81M | 10.68M | 10.23M |
| EPS (Basic) | 2.57 | 3.37 | 2.75 | 1.93 | 0.65 | 0.67 |
| EPS (Diluted) | 2.51 | 3.23 | 2.57 | 1.76 | 0.64 | 0.66 |
| Free Cash Flow | 50.61M | 41.89M | 29.26M | 55.10M | 34.38M | -25.02M |
| Free Cash Flow Per Share | 4.20 | 3.47 | 2.43 | 4.67 | 3.22 | -2.45 |
| Gross Margin | 23.58% | 26.18% | 27.81% | 23.10% | 18.87% | 17.52% |
| Operating Margin | 5.91% | 7.95% | 8.17% | 5.81% | 2.88% | 2.97% |
| Profit Margin | 4.42% | 6.04% | 5.95% | 4.02% | 1.37% | 1.37% |
| Free Cash Flow Margin | 7.40% | 6.48% | 5.64% | 10.67% | 6.92% | -5.10% |
| EBITDA | 59.29M | 69.57M | 54.28M | 38.26M | 22.45M | 20.54M |
| EBITDA Margin | 8.67% | 10.76% | 10.46% | 7.41% | 4.52% | 4.19% |
| D&A For EBITDA | 18.86M | 18.13M | 11.89M | 8.24M | 8.16M | 5.95M |
| EBIT | 40.43M | 51.44M | 42.39M | 30.01M | 14.29M | 14.59M |
| EBIT Margin | 5.91% | 7.95% | 8.17% | 5.81% | 2.88% | 2.97% |
| Effective Tax Rate | 18.73% | 19.67% | 22.75% | 26.14% | 29.24% | 29.15% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 17.53M | 11.35M | 44.93M | 59.83M | 36.00M | 14.48M |
| Cash & Short-Term Investments | 17.53M | 11.35M | 44.93M | 59.83M | 36.00M | 14.48M |
| Accounts Receivable | 190.91M | 178.67M | 167.21M | 149.44M | 185.90M | 173.19M |
| Other Receivables | 2.20M | 95.00K | 114.00K | |||
| Receivables | 193.12M | 178.67M | 167.21M | 149.44M | 185.99M | 173.30M |
| Restricted Cash | 65.00K | 65.00K | 65.00K | 65.00K | 113.00K | 113.00K |
| Other Current Assets | 12.44M | 4.97M | 8.13M | 7.66M | 3.89M | 5.01M |
| Total Current Assets | 223.15M | 195.05M | 220.33M | 217.00M | 225.99M | 192.91M |
| Property, Plant & Equipment | 57.39M | 63.10M | 51.66M | 40.56M | 36.51M | 41.74M |
| Long-Term Investments | 100.00K | 200.00K | ||||
| Goodwill | 72.64M | 70.60M | 33.03M | 16.37M | 11.37M | 11.37M |
| Other Intangible Assets | 45.78M | 49.19M | 41.23M | 25.00M | 15.34M | 16.91M |
| Long-Term Deferred Tax Assets | 4.74M | 2.92M | 5.53M | 5.18M | 4.83M | 4.33M |
| Other Long-Term Assets | 214.00K | 276.00K | 137.00K | 330.00K | 515.00K | 259.00K |
| Total Assets | 404.01M | 381.13M | 352.13M | 304.44M | 294.56M | 267.51M |
| Accounts Payable | 80.33M | 74.17M | 60.81M | 65.27M | 75.12M | 63.84M |
| Accrued Expenses | 22.11M | 22.35M | 29.07M | 23.10M | 18.32M | 21.13M |
| Current Portion of Long-Term Debt | 7.43M | 7.43M | ||||
| Current Portion of Leases | 9.45M | 9.41M | 7.41M | 6.31M | 5.70M | 6.82M |
| Current Income Taxes Payable | 1.15M | 1.47M | 446.00K | 1.89M | 501.00K | |
| Current Unearned Revenue | 34.90M | 20.89M | 44.42M | 41.99M | 43.81M | 26.29M |
| Other Current Liabilities | 3.45M | 7.11M | 7.86M | 8.04M | 6.82M | 3.73M |
| Total Current Liabilities | 150.25M | 135.09M | 151.04M | 145.15M | 159.09M | 129.74M |
| Long-Term Debt | 17.15M | 9.65M | 9.63M | 9.61M | 13.36M | 27.14M |
| Long-Term Leases | 32.98M | 36.81M | 31.69M | 26.05M | 23.81M | 19.26M |
| Other Long-Term Liabilities | 481.00K | 3.92M | 6.28M | 2.71M | 2.86M | 3.54M |
| Total Liabilities | 200.86M | 185.47M | 198.64M | 183.52M | 199.11M | 179.67M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 95.69M | 97.33M | 94.23M | 92.53M | 87.81M | 85.00M |
| Retained Earnings | 109.45M | 100.33M | 61.26M | 30.39M | 9.63M | 2.83M |
| Treasury Stock | -2.00M | -2.00M | -2.00M | -2.00M | -2.00M | |
| Total Common Equity | 203.15M | 195.66M | 153.49M | 120.92M | 95.44M | 87.84M |
| Shareholders' Equity | 203.15M | 195.66M | 153.49M | 120.92M | 95.44M | 87.84M |
| Total Liabilities & Equity | 404.01M | 381.13M | 352.13M | 304.44M | 294.56M | 267.51M |
| Total Debt | 59.59M | 55.87M | 48.73M | 41.98M | 50.30M | 60.64M |
| Net Cash (Debt) | -42.06M | -44.53M | -3.80M | 17.86M | -14.30M | -46.16M |
| Net Cash Per Share | -3.49 | -3.69 | -0.32 | 1.51 | -1.34 | -4.51 |
| Filing Date Shares Outstanding | 11.92M | 11.68M | 11.35M | 11.13M | 10.45M | 10.42M |
| Total Common Shares Outstanding | 11.92M | 11.63M | 11.27M | 11.00M | 10.29M | 10.30M |
| Working Capital | 72.90M | 59.96M | 69.30M | 71.85M | 66.91M | 63.16M |
| Book Value Per Share | 17.04 | 16.83 | 13.62 | 10.99 | 9.27 | 8.52 |
| Tangible Book Value | 84.73M | 75.87M | 79.23M | 79.54M | 68.73M | 59.56M |
| Tangible Book Value Per Share | 7.11 | 6.53 | 7.03 | 7.23 | 6.68 | 5.78 |
| Land | 1.52M | 400.00K | 400.00K | 400.00K | 400.00K | |
| Buildings | 15.03M | 11.43M | 11.00M | 10.49M | 10.72M | |
| Machinery | 38.14M | 39.60M | 31.16M | 26.06M | 24.60M | |
| Order Backlog | 397.60M | 365.30M | 435.20M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 30.21M | 39.06M | 30.88M | 20.75M | 6.80M | 6.71M |
| Depreciation & Amortization | 18.86M | 18.13M | 11.89M | 8.24M | 8.16M | 5.95M |
| Other Amortization | 65.00K | 54.00K | 43.00K | 79.00K | 138.00K | 280.00K |
| Loss (Gain) From Sale of Assets | -1.26M | -1.68M | -950.00K | -80.00K | -281.00K | -2.00K |
| Loss (Gain) From Sale of Investments | -22.00K | 191.00K | -34.00K | 124.00K | -310.00K | |
| Stock-Based Compensation | 7.70M | 7.02M | 5.77M | 4.91M | 2.74M | 2.60M |
| Provision & Write-off of Bad Debts | 489.00K | 404.00K | 201.00K | 431.00K | 292.00K | 198.00K |
| Other Operating Activities | 6.12M | 8.68M | 7.53M | 4.51M | 6.89M | 7.97M |
| Change in Accounts Receivable | -16.43M | -20.31M | -5.72M | 33.88M | -13.00M | -11.65M |
| Change in Accounts Payable | 16.84M | 5.29M | -10.30M | -10.91M | 11.28M | -5.58M |
| Change in Unearned Revenue | 17.30M | -20.40M | ||||
| Change in Income Taxes | -285.00K | -318.00K | 1.02M | -1.35M | 1.41M | -1.28M |
| Change in Other Net Operating Assets | -9.90M | -10.81M | -3.55M | -3.24M | -6.05M | -9.04M |
| Operating Cash Flow | 52.39M | 45.70M | 36.78M | 57.37M | 35.37M | -24.23M |
| Capital Expenditures | -1.78M | -3.81M | -7.52M | -2.27M | -993.00K | -791.00K |
| Sale of Property, Plant & Equipment | 1.33M | 1.88M | 1.54M | 435.00K | 498.00K | 467.00K |
| Cash Acquisitions | -65.65M | -65.65M | -36.59M | -15.26M | -18.98M | |
| Investment in Securities | -2.00K | |||||
| Other Investing Activities | 1.00K | 7.00K | ||||
| Investing Cash Flow | -66.10M | -67.59M | -42.57M | -17.09M | -495.00K | -19.30M |
| Long-Term Debt Issued | 73.84M | 10.00M | 20.59M | 40.00M | ||
| Total Debt Issued | 174.47M | 73.84M | 10.00M | 20.59M | 40.00M | |
| Long-Term Debt Repaid | -78.21M | -3.04M | -24.18M | -31.41M | -46.74M | |
| Total Debt Repaid | -172.07M | -78.21M | -3.04M | -24.18M | -31.41M | -46.74M |
| Net Debt Issued (Repaid) | 2.40M | -4.37M | -3.04M | -14.19M | -10.81M | -6.74M |
| Issuance of Common Stock | 7.08M | 7.00M | 440.00K | 368.00K | 309.00K | 25.09M |
| Repurchase of Common Stock | -12.04M | -10.68M | -5.19M | -847.00K | -2.42M | -459.00K |
| Other Financing Activities | -5.14M | -3.65M | -1.32M | -1.83M | -433.00K | -2.02M |
| Financing Cash Flow | -7.70M | -11.70M | -9.12M | -16.49M | -13.35M | 15.87M |
| Net Cash Flow | -21.41M | -33.59M | -14.90M | 23.78M | 21.52M | -27.67M |
| Free Cash Flow | 50.61M | 41.89M | 29.26M | 55.10M | 34.38M | -25.02M |
| Free Cash Flow Margin | 7.40% | 6.48% | 5.64% | 10.67% | 6.92% | -5.10% |
| Free Cash Flow Per Share | 4.20 | 3.47 | 2.43 | 4.67 | 3.22 | -2.45 |
| Levered Free Cash Flow | 38.24M | 25.21M | 22.08M | 54.07M | 36.74M | -29.94M |
| Unlevered Free Cash Flow | 40.36M | 27.24M | 23.19M | 55.35M | 37.74M | -28.62M |
| Cash Interest Paid | 3.50M | 3.10M | 1.90M | 1.91M | 2.00M | 2.55M |
| Cash Income Tax Paid | 6.68M | 7.35M | 8.53M | 9.16M | 1.98M | 2.29M |
| Change in Working Capital | -9.78M | -26.15M | -18.55M | 18.39M | 10.94M | -47.94M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 559.64M | 905.15M | 964.30M | 500.33M | 109.01M | 92.74M |
| Enterprise Value | 601.70M | 978.08M | 958.79M | 481.56M | 133.91M | 107.55M |
| Last Close Price | 46.93 | 77.85 | 85.54 | 45.47 | 10.41 | 9.00 |
| PE Ratio | 18.69 | 23.17 | 31.23 | 24.11 | 16.03 | 13.81 |
| Forward PE | 14.42 | 22.36 | 29.91 | 25.91 | 12.90 | 7.63 |
| PS Ratio | 0.82 | 1.40 | 1.86 | 0.97 | 0.22 | 0.19 |
| PB Ratio | 2.75 | 4.63 | 6.28 | 4.14 | 1.14 | 1.06 |
| P/TBV Ratio | 6.61 | 11.93 | 12.17 | 6.29 | 1.59 | 1.56 |
| P/FCF Ratio | 11.06 | 21.61 | 32.96 | 9.08 | 3.17 | |
| P/OCF Ratio | 10.68 | 19.81 | 26.22 | 8.72 | 3.08 | |
| PEG Ratio | 1.44 | 2.23 | 2.49 | 2.16 | 1.07 | 0.56 |
| EV/Sales Ratio | 0.88 | 1.51 | 1.85 | 0.93 | 0.27 | 0.22 |
| EV/EBITDA Ratio | 10.15 | 14.06 | 17.66 | 12.59 | 5.96 | 5.24 |
| EV/EBIT Ratio | 14.88 | 19.01 | 22.62 | 16.05 | 9.37 | 7.37 |
| EV/FCF Ratio | 11.89 | 23.35 | 32.77 | 8.74 | 3.90 | |
| Debt / Equity Ratio | 0.29 | 0.29 | 0.32 | 0.35 | 0.53 | 0.69 |
| Debt / EBITDA Ratio | 0.94 | 0.76 | 0.83 | 1.00 | 1.90 | 2.40 |
| Debt / FCF Ratio | 1.18 | 1.33 | 1.67 | 0.76 | 1.46 | |
| Net Debt / Equity Ratio | 0.21 | 0.23 | 0.03 | -0.15 | 0.15 | 0.53 |
| Net Debt / EBITDA Ratio | 0.71 | 0.64 | 0.07 | -0.47 | 0.64 | 2.25 |
| Net Debt / FCF Ratio | 0.83 | 1.06 | 0.13 | -0.32 | 0.42 | -1.84 |
| Asset Turnover | 1.83 | 1.76 | 1.58 | 1.72 | 1.77 | 1.85 |
| Quick Ratio | 1.40 | 1.41 | 1.41 | 1.44 | 1.40 | 1.45 |
| Current Ratio | 1.49 | 1.44 | 1.46 | 1.50 | 1.42 | 1.49 |
| Return on Equity (ROE) | 16.17% | 22.38% | 22.50% | 19.18% | 7.42% | 9.49% |
| Return on Assets (ROA) | 6.77% | 8.77% | 8.07% | 6.26% | 3.18% | 3.44% |
| Return on Invested Capital (ROIC) | 13.08% | 20.79% | 25.16% | 20.83% | 8.30% | 9.94% |
| Return on Capital Employed (ROCE) | 15.90% | 20.90% | 21.10% | 18.80% | 10.60% | 10.60% |
| Earnings Yield | 5.35% | 4.32% | 3.20% | 4.15% | 6.24% | 7.24% |
| FCF Yield | 9.04% | 4.63% | 3.03% | 11.01% | 31.54% | -26.98% |
| Buyback Yield / Dilution | 0.36% | -0.43% | -1.82% | -10.64% | -4.35% | -26.86% |