Limbach Holdings, Inc. (LMB)

NASDAQ: LMB · Real-Time Price · USD

48.34

+0.80 (1.68%)

At close: Oct 21, 2026, 4:00 PM EDT

47.55

-0.79 (-1.63%)

Pre-market: Oct 22, 2026, 4:10 AM EDT

Limbach Holdings Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	683.77	646.8	518.78	516.35	496.78	490.35
Revenue Growth	23.67%	24.68%	0.47%	3.94%	1.31%	-13.70%
Gross Profit	161.23	169.31	144.28	119.29	93.74	85.91
Operating Income	40.43	51.44	42.39	30.01	14.3	14.59
Net Income	30.22	39.06	30.88	20.75	6.8	6.71
Earnings Per Share	2.51	3.23	2.57	1.76	0.64	0.66
EPS Growth	-13.97%	25.68%	46.02%	175.00%	-3.03%	-8.33%

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Owner Direct Relationships (“ODR”)	514.57	485.69	345.5	261.96	216.4	140.34
General Contractor Relationships (“GCR”)	169.2	161.11	173.28	254.39	280.38	350.02
Total	683.77	646.8	518.78	516.35	496.78	490.35

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	17.53	11.35	44.93	59.83	36	14.48
Total Debt	59.59	55.87	48.73	41.98	50.3	60.64
Net Cash (Debt)	-42.06	-44.53	-3.8	17.86	-14.3	-46.16
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.49	-3.69	-0.32	1.51	-1.34	-4.51

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	52.39	45.7	36.78	57.37	35.37	-24.23
Capital Expenditures	-1.78	-3.81	-7.52	-2.27	-0.99	-0.79
Free Cash Flow	50.61	41.89	29.26	55.1	34.38	-25.02
Free Cash Flow Growth	113.52%	43.18%	-46.90%	60.27%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
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%
Pretax Margin	5.44%	7.52%	7.70%	5.44%	1.93%	1.93%
Profit Margin	4.42%	6.04%	5.95%	4.02%	1.37%	1.37%
FCF Margin	7.40%	6.48%	5.64%	10.67%	6.92%	-5.10%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 22, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	19.25	23.17	31.23	24.11	16.03	13.81
Forward PE	14.86	22.36	29.91	25.91	12.90	7.63
P/FCF Ratio	11.39	21.61	32.96	9.08	3.17	-
PS Ratio	0.84	1.40	1.86	0.97	0.22	0.19