Limbach Holdings, Inc. (LMB)

Limbach Holdings Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	729.65	646.8	518.78	516.35	496.78	490.35
Revenue Growth	20.89%	24.68%	0.47%	3.94%	1.31%	-13.70%
Gross Profit Gross Profit Growth	170.39	169.31	144.28	119.29	93.74	85.91
Operating Income Operating Income Growth	42.11	51.44	42.39	30.01	14.3	14.59
Net Income Net Income Growth	30.88	39.06	30.88	20.75	6.8	6.71
Earnings Per Share EPS Growth	2.56	3.23	2.57	1.76	0.64	0.66
EPS Growth	-15.42%	25.68%	46.02%	175.00%	-3.03%	-8.33%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Owner Direct Relationships (“ODR”) Owner Direct Relationships (“ODR”) Growth	523.84	485.69	345.5	261.96	216.4	140.34
General Contractor Relationships (“GCR”) General Contractor Relationships (“GCR”) Growth	205.81	161.11	173.28	254.39	280.38	350.02
Total Total Growth	729.65	646.8	518.78	516.35	496.78	490.35

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	29.06	11.35	44.93	59.83	36	14.48
Total Debt Total Debt Growth	175.99	55.87	48.73	41.98	50.3	60.64
Net Cash (Debt) Net Cash Growth	-146.92	-44.53	-3.8	17.86	-14.3	-46.16
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-12.21	-3.69	-0.32	1.51	-1.34	-4.51

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	59.32	45.7	36.78	57.37	35.37	-24.23
Capital Expenditures CapEx Growth	-2.03	-3.81	-7.52	-2.27	-0.99	-0.79
Free Cash Flow Free Cash Flow Growth	57.29	41.89	29.26	55.1	34.38	-25.02
Free Cash Flow Growth	79.22%	43.18%	-46.90%	60.27%	-	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	23.35%	26.18%	27.81%	23.10%	18.87%	17.52%
Operating Margin	5.77%	7.95%	8.17%	5.81%	2.88%	2.97%
Pretax Margin	5.26%	7.52%	7.70%	5.44%	1.93%	1.93%
Profit Margin	4.23%	6.04%	5.95%	4.02%	1.37%	1.37%
FCF Margin	7.85%	6.48%	5.64%	10.67%	6.92%	-5.10%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 11, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	22.13	23.17	31.23	24.11	16.03	13.81
Forward PE	15.02	22.36	29.91	25.91	12.90	7.63
P/FCF Ratio	11.61	21.61	32.96	9.08	3.17	-
PS Ratio	0.91	1.40	1.86	0.97	0.22	0.19

Data Source: S&P Global Market Intelligence Last updated: Nov 3, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

Data Sources Report a data error