Limbach (LMB) Financials

$134.80 +6.85 (+5.35%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$134.87 +0.07 (+0.05%)

As of 07:16 AM Eastern

Annual Income Statements for Limbach

This table shows Limbach's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	31	21	6.80	6.71	5.81	2.20	-3.95	-0.94	4.37
Consolidated Net Income / (Loss)	31	21	6.80	6.71	5.81	-1.78	-1.85	0.71	8.74
Net Income / (Loss) Continuing Operations	31	21	6.80	6.71	5.81	2.20	-1.87	0.71	4.37
Total Pre-Tax Income	40	28	9.61	9.48	6.99	-2.06	-2.48	3.86	4.37
Total Operating Income	39	29	12	14	17	8.07	1.07	6.02	7.65
Total Gross Profit	144	119	94	86	81	72	59	66	45
Total Revenue	519	516	497	490	568	553	547	486	331
Operating Revenue	519	516	497	490	568	553	547	486	331
Total Cost of Revenue	375	397	403	404	487	481	487	420	286
Operating Cost of Revenue	375	397	403	404	487	481	487	420	286
Total Operating Expenses	106	90	82	72	64	64	58	60	38
Selling, General & Admin Expense	97	87	78	71	64	63	57	56	38
Amortization Expense	4.69	1.88	1.57	0.48	0.63	0.64	1.30	3.58	0.00
Other Special Charges / (Income)	3.77	0.73	2.29	0.00	-	-	-	-	-
Total Other Income / (Expense), net	1.34	-1.18	-2.40	-4.51	-10	-6.15	-3.55	-2.16	-3.27
Interest Expense	1.87	2.36	2.14	4.53	8.63	6.80	3.31	2.03	3.20
Interest & Investment Income	2.23	1.22	0.00	0.00	-	-	-	-	-
Other Income / (Expense), net	0.98	-0.04	-0.26	0.02	-1.54	0.65	-0.25	-0.12	-0.07
Income Tax Expense	9.09	7.35	2.81	2.76	1.18	-0.28	-0.64	3.15	0.00
Basic Earnings per Share	$2.75	$1.93	$0.65	$0.67	$0.74	($0.23)	($0.52)	($0.13)	$0.00
Weighted Average Basic Shares Outstanding	11.24M	10.77M	10.43M	10.01M	7.87M	7.66M	7.56M	7.47M	0.00
Diluted Earnings per Share	$2.57	$1.76	$0.64	$0.66	$0.72	($0.23)	($0.52)	($0.13)	$0.00
Weighted Average Diluted Shares Outstanding	12.03M	11.81M	10.68M	10.23M	8.07M	7.66M	7.56M	7.47M	0.00
Weighted Average Basic & Diluted Shares Outstanding	11.35M	11.13M	10.45M	10.42M	10.25M	-	7.60M	7.54M	1.85M

This table shows Limbach's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	10	9.84	7.48	5.96	7.59	5.25	7.19	5.32	2.99	3.81	3.64
Consolidated Net Income / (Loss)	10	9.84	7.48	5.96	7.59	5.25	7.19	5.32	2.99	3.81	3.64
Net Income / (Loss) Continuing Operations	10	9.84	7.48	5.96	7.59	5.25	7.19	5.32	2.99	3.81	3.64
Total Pre-Tax Income	7.99	13	11	8.36	7.26	7.19	9.95	7.35	3.62	5.34	5.30
Total Operating Income	7.91	13	11	8.19	6.53	7.25	9.83	7.55	4.65	5.94	5.39
Total Gross Profit	37	44	36	34	31	33	31	29	26	29	25
Total Revenue	133	144	134	122	119	143	128	125	121	143	122
Operating Revenue	133	144	134	122	119	143	128	125	121	143	122
Total Cost of Revenue	96	100	98	89	88	109	97	96	95	114	98
Operating Cost of Revenue	96	100	98	89	88	109	97	96	95	114	98
Total Operating Expenses	29	31	25	25	25	26	21	21	22	23	19
Selling, General & Admin Expense	27	27	24	23	23	25	21	20	21	22	19
Amortization Expense	1.86	1.73	0.87	1.03	1.06	0.83	0.29	0.38	0.38	0.38	0.39
Other Special Charges / (Income)	0.43	1.43	0.61	1.11	0.62	0.27	0.16	0.16	0.14	1.13	0.39
Total Other Income / (Expense), net	0.08	0.46	-0.01	0.17	0.73	-0.06	0.12	-0.21	-1.04	-0.60	-0.10
Interest Expense	0.53	0.49	0.47	0.43	0.48	0.43	0.44	0.82	0.67	0.63	0.55
Interest & Investment Income	0.37	0.49	0.63	0.55	0.56	0.59	0.38	0.25	0.00	0.82	0.00
Other Income / (Expense), net	0.24	0.46	-0.17	0.05	0.64	-0.23	0.18	0.37	-0.37	-0.79	0.45
Income Tax Expense	-2.22	3.63	3.39	2.40	-0.33	1.94	2.76	2.03	0.62	1.53	1.65
Basic Earnings per Share	$0.89	$0.88	$0.66	$0.53	$0.68	$0.48	$0.66	$0.50	$0.29	$0.37	$0.35
Weighted Average Basic Shares Outstanding	11.42M	11.24M	11.27M	11.27M	11.16M	10.77M	10.96M	10.64M	10.48M	10.43M	10.44M
Diluted Earnings per Share	$0.85	$0.81	$0.62	$0.50	$0.64	$0.42	$0.61	$0.46	$0.27	$0.37	$0.34
Weighted Average Diluted Shares Outstanding	12.05M	12.03M	12.03M	11.97M	11.89M	11.81M	11.79M	11.51M	11.04M	10.68M	10.69M
Weighted Average Basic & Diluted Shares Outstanding	11.62M	11.35M	11.27M	11.27M	11.18M	11.13M	11.00M	11.00M	10.58M	10.45M	10.47M

This table details how cash moves in and out of Limbach's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2015
Net Change in Cash & Equivalents	-15	24	22	-28	34	6.73	0.99	-6.78	-2.51
Net Cash From Operating Activities	37	57	35	-24	40	-0.93	25	-4.07	0.61
Net Cash From Continuing Operating Activities	37	57	35	-24	40	-0.93	25	-4.07	0.61
Net Income / (Loss) Continuing Operations	31	21	6.80	6.71	5.81	-1.78	-1.85	0.71	4.37
Consolidated Net Income / (Loss)	31	21	6.80	6.71	5.81	-1.78	-1.85	0.71	4.37
Depreciation Expense	12	8.24	8.16	5.95	6.17	6.29	5.68	9.12	2.63
Amortization Expense	0.04	0.08	0.14	0.28	2.16	1.39	0.37	0.18	0.00
Non-Cash Adjustments To Reconcile Net Income	18	20	30	-6.04	17	-3.88	2.47	2.06	2.73
Changes in Operating Assets and Liabilities, net	-24	8.50	-9.99	-31	8.85	-2.95	19	-16	-9.13
Net Cash From Investing Activities	-43	-17	-0.50	-19	-1.32	-2.49	-3.68	-3.23	-2.32
Net Cash From Continuing Investing Activities	-43	-17	-0.50	-19	-1.32	-2.49	-3.68	-3.23	-2.32
Purchase of Property, Plant & Equipment	-7.52	-2.27	-0.99	-0.79	-1.48	-2.66	-3.88	-3.30	-2.38
Acquisitions	-37	-15	0.00	-19	0.00	-	-	-	-0.00
Sale of Property, Plant & Equipment	1.54	0.44	0.50	0.47	0.16	0.17	0.20	0.07	0.06
Other Investing Activities, net	0.01	0.00	0.00	-	-	0.00	-0.00	-0.00	0.00
Net Cash From Financing Activities	-9.12	-16	-13	16	-4.69	10	-21	0.52	-0.79
Net Cash From Continuing Financing Activities	-9.12	-16	-13	16	-4.69	10	-21	0.52	-0.79
Repayment of Debt	-1.33	-23	-29	-9.76	-12	-60	-15	-6.59	-64
Repurchase of Common Equity	0.00	0.00	-2.00	0.00	-	-	-	-	-
Issuance of Debt	0.00	10	21	40	7.25	89	10	7.78	64
Issuance of Common Equity	0.44	0.37	0.31	23	0.19	0.00	-	-	0.00
Other Financing Activities, net	-8.23	-3.58	-3.20	-37	-0.22	-19	-5.87	3.42	0.00
Cash Interest Paid	1.90	1.91	2.01	2.55	6.47	4.61	2.71	1.88	0.53
Cash Income Taxes Paid	8.53	9.16	1.98	2.29	0.73	-	-	-	-

This table details how cash moves in and out of Limbach's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-6.84	-6.23	-8.37	11	-12	2.36	12	4.51	5.38	7.58	8.79
Net Cash From Operating Activities	2.24	19	4.93	17	-3.94	14	17	17	9.37	12	10
Net Cash From Continuing Operating Activities	2.24	19	4.93	17	-3.94	14	17	17	9.37	12	10
Net Income / (Loss) Continuing Operations	10	9.84	7.48	5.96	7.59	5.25	7.19	5.32	2.99	3.81	3.64
Consolidated Net Income / (Loss)	10	9.84	7.48	5.96	7.59	5.25	7.19	5.32	2.99	3.81	3.64
Depreciation Expense	4.07	3.63	2.74	2.81	2.71	2.49	1.89	1.94	1.92	1.99	2.03
Amortization Expense	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.04	0.04	0.04
Non-Cash Adjustments To Reconcile Net Income	4.77	12	-2.25	1.62	6.44	-0.91	14	6.97	-0.36	5.54	12
Changes in Operating Assets and Liabilities, net	-17	-6.03	-3.05	6.10	-21	7.06	-6.02	2.68	4.77	1.03	-6.92
Net Cash From Investing Activities	-1.93	-25	-12	-3.26	-1.98	-11	-5.01	-0.40	-0.82	-0.21	0.00
Net Cash From Continuing Investing Activities	-1.93	-25	-12	-3.26	-1.98	-11	-5.01	-0.40	-0.82	-0.21	0.00
Purchase of Property, Plant & Equipment	-2.23	-1.34	-0.35	-3.30	-2.54	-0.55	-0.22	-0.58	-0.92	-0.27	-0.25
Acquisitions	-0.01	-24	-	-	-	-10	-	-	-	-	-
Sale of Property, Plant & Equipment	0.32	0.37	0.57	0.04	0.56	0.07	0.10	0.17	0.10	0.06	0.25
Other Investing Activities, net	0.00	-	-	0.00	0.00	-	-	-	0.00	-	-
Net Cash From Financing Activities	-7.16	-0.68	-0.81	-1.95	-5.67	-0.69	-0.62	-12	-3.17	-4.60	-1.57
Net Cash From Continuing Financing Activities	-7.16	-0.68	-0.81	-1.95	-5.67	-0.69	-0.62	-12	-3.17	-4.60	-1.57
Repayment of Debt	-2.29	-	-1.33	-	0.00	-	-	-21	-1.86	-1.86	-6.32
Issuance of Debt	-0.85	-	-	0.69	-0.69	1.99	-0.69	9.34	-0.64	2.05	4.71
Issuance of Common Equity	0.32	0.07	0.09	0.07	0.21	0.06	0.07	0.07	0.17	0.04	0.05
Other Financing Activities, net	-4.34	-0.75	0.42	-2.72	-5.19	-2.73	-	-	-0.85	-2.83	-0.01
Cash Interest Paid	0.53	0.49	0.50	0.43	0.48	0.43	0.30	0.52	0.66	0.58	0.51
Cash Income Taxes Paid	0.00	3.83	1.66	3.04	0.00	2.44	2.80	3.88	0.04	1.21	0.07

This table presents Limbach's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	352	304	295	268	262	262	254	213	207	127	46
Total Current Assets	220	217	226	193	199	195	205	166	155	114	0.47
Cash & Equivalents	45	60	36	14	42	8.34	1.62	0.63	7.41	6.11	0.40
Restricted Cash	0.07	0.07	-	0.11	0.11	0.11	0.11	0.11	0.11	0.06	-
Accounts Receivable	120	98	124	89	86	105	168	162	146	106	-
Other Current Assets	56	59	65	89	71	82	35	3.17	1.73	1.80	-
Plant, Property, & Equipment, net	30	21	18	0.00	0.00	0.00	21	18	19	13	0.00
Total Noncurrent Assets	102	67	50	75	63	66	28	29	33	0.04	46
Goodwill	33	16	11	11	6.13	6.13	10	10	10	0.00	-
Intangible Assets	41	25	15	17	12	12	13	14	18	0.00	-
Noncurrent Deferred & Refundable Income Taxes	5.53	5.18	4.83	4.33	6.09	4.79	4.41	3.66	4.27	0.00	-
Other Noncurrent Operating Assets	22	20	19	42	39	43	0.27	0.47	0.59	0.04	46
Total Liabilities & Shareholders' Equity	352	304	295	268	262	262	254	213	207	127	46
Total Liabilities	199	184	199	180	208	215	207	157	149	119	0.19
Total Current Liabilities	151	145	159	130	150	157	182	135	127	87	0.19
Short-Term Debt	3.31	2.68	9.56	9.88	6.54	4.43	3.14	6.36	4.48	2.70	-
Accounts Payable	61	65	75	64	67	86	74	67	57	43	0.07
Accrued Expenses	37	31	25	24	25	20	54	31	26	16	-
Current Deferred Revenue	45	42	44	27	47	42	51	29	39	26	-
Current Deferred & Payable Income Tax Liabilities	1.47	0.45	1.89	0.50	1.67	0.01	0.00	2.22	0.00	-	-
Other Current Liabilities	4.09	3.63	3.56	4.37	3.93	3.75	0.00	-	-	-	0.13
Total Noncurrent Liabilities	48	38	40	50	58	58	25	21	22	32	0.00
Long-Term Debt	24	20	22	30	37	39	24	21	22	31	-
Other Noncurrent Operating Liabilities	24	19	19	20	22	19	1.51	0.86	0.82	0.96	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Redeemable Noncontrolling Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.96	10	0.00	41
Total Equity & Noncontrolling Interests	153	121	95	88	54	47	46	48	47	8.21	5.28
Total Preferred & Common Equity	153	121	95	88	54	47	46	48	47	8.21	5.28
Total Common Equity	153	121	95	88	54	47	46	48	47	8.21	5.28
Common Stock	94	93	88	85	58	57	55	55	55	0.00	5.47
Retained Earnings	61	30	9.63	2.83	-3.88	-9.69	-8.42	-6.58	-7.72	0.00	-0.19
Treasury Stock	-2.00	-2.00	-2.00	0.00	-	-	-	-	-	-	-

This table presents Limbach's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	336	324	304	289	285	267	281	281
Total Current Assets	205	217	213	199	214	199	212	209
Cash & Equivalents	38	51	60	48	57	46	41	28
Restricted Cash	0.07	0.07	0.07	0.07	-	0.07	0.11	0.11
Accounts Receivable	111	101	97	96	104	87	100	111
Other Current Assets	55	65	56	55	53	65	71	70
Plant, Property, & Equipment, net	31	25	25	23	19	0.00	0.00	0.00
Total Noncurrent Assets	101	82	66	67	52	68	68	71
Goodwill	33	21	16	16	14	11	11	11
Intangible Assets	39	33	23	24	17	15	15	16
Noncurrent Deferred & Refundable Income Taxes	7.41	5.62	5.29	5.51	4.83	5.00	4.89	5.41
Other Noncurrent Operating Assets	21	22	21	21	16	37	37	39
Total Liabilities & Shareholders' Equity	336	324	304	289	285	267	281	281
Total Liabilities	175	182	171	164	171	162	181	188
Total Current Liabilities	132	138	131	124	137	127	142	146
Short-Term Debt	3.42	2.63	2.53	2.53	2.47	2.43	9.64	9.72
Accounts Payable	55	52	53	52	57	53	60	64
Accrued Expenses	28	31	24	25	27	23	22	24
Current Deferred Revenue	40	47	46	41	47	44	45	43
Current Deferred & Payable Income Tax Liabilities	1.13	1.76	0.18	0.45	0.50	1.51	2.57	2.26
Other Current Liabilities	4.19	3.96	3.82	3.68	3.56	3.60	3.64	3.60
Total Noncurrent Liabilities	44	44	40	39	35	35	39	42
Long-Term Debt	24	20	20	19	19	19	20	23
Other Noncurrent Operating Liabilities	20	24	21	20	15	15	18	18
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	161	142	133	126	114	106	99	93
Total Preferred & Common Equity	161	142	133	126	114	106	99	93
Total Common Equity	161	142	133	126	114	106	99	93
Common Stock	92	93	91	90	91	90	89	87
Retained Earnings	71	51	44	38	25	18	13	5.82
Treasury Stock	-2.00	-2.00	-2.00	-2.00	-2.00	-2.00	-2.00	-

This table displays calculated financial ratios and metrics derived from Limbach's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.47%	3.94%	1.31%	-13.70%	2.69%	1.25%	12.51%	0.00%	0.00%
EBITDA Growth	37.21%	87.37%	-0.92%	-15.49%	46.09%	138.19%	-54.72%	0.00%	0.00%
EBIT Growth	35.46%	148.81%	-16.09%	-10.31%	79.25%	956.00%	-86.01%	0.00%	0.00%
NOPAT Growth	37.96%	154.49%	-14.25%	-30.47%	152.42%	653.93%	-32.47%	0.00%	0.00%
Net Income Growth	48.77%	205.25%	1.27%	15.62%	427.15%	3.79%	-359.13%	0.00%	0.00%
EPS Growth	46.02%	175.00%	-3.03%	-8.33%	413.04%	55.77%	-300.00%	0.00%	0.00%
Operating Cash Flow Growth	-35.88%	62.17%	245.97%	-160.86%	4,399.68%	-103.66%	722.93%	0.00%	0.00%
Free Cash Flow Firm Growth	-177.31%	-7.46%	163.97%	-217.07%	987.70%	-140.06%	0.00%	0.00%	0.00%
Invested Capital Growth	62.46%	-7.84%	-19.95%	107.16%	-33.27%	14.45%	-13.25%	0.00%	0.00%
Revenue Q/Q Growth	0.19%	-0.15%	3.47%	-0.73%	-1.47%	-2.21%	3.79%	0.00%	0.00%
EBITDA Q/Q Growth	17.25%	4.16%	-5.06%	1.78%	-6.84%	26.35%	-8.61%	0.00%	0.00%
EBIT Q/Q Growth	19.44%	3.61%	-11.10%	6.07%	-7.62%	39.93%	-36.68%	0.00%	0.00%
NOPAT Q/Q Growth	16.37%	5.10%	-3.29%	20.02%	8.24%	-67.51%	-12.22%	0.00%	0.00%
Net Income Q/Q Growth	17.48%	7.46%	-6.47%	137.83%	-4.25%	-285.86%	54.90%	0.00%	0.00%
EPS Q/Q Growth	17.89%	2.92%	-12.33%	164.00%	-5.26%	-276.92%	38.10%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	17.14%	2.71%	127.80%	-98.71%	-23.27%	-116.78%	624.52%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-123.11%	-27.49%	506.84%	-215.67%	-3.43%	-141.38%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	18.64%	6.13%	-7.30%	39.24%	-5.16%	-6.33%	-12.01%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	27.81%	23.10%	18.87%	17.52%	14.32%	12.99%	10.87%	13.51%	13.71%
EBITDA Margin	9.93%	7.27%	4.04%	4.13%	4.21%	2.96%	1.26%	3.13%	3.08%
Operating Margin	7.45%	5.67%	2.42%	2.85%	3.02%	1.46%	0.20%	1.24%	2.31%
EBIT Margin	7.63%	5.66%	2.37%	2.86%	2.75%	1.57%	0.15%	1.21%	2.29%
Profit (Net Income) Margin	5.95%	4.02%	1.37%	1.37%	1.02%	-0.32%	-0.34%	0.15%	2.64%
Tax Burden Percent	77.25%	73.86%	70.76%	70.85%	83.09%	86.29%	74.40%	18.43%	200.00%
Interest Burden Percent	100.90%	96.10%	81.76%	67.66%	44.76%	-23.61%	-300.61%	65.51%	57.74%
Effective Tax Rate	22.75%	26.14%	29.24%	29.15%	16.91%	0.00%	0.00%	81.57%	0.00%
Return on Invested Capital (ROIC)	27.29%	24.90%	8.36%	11.84%	20.93%	7.38%	0.97%	1.35%	21.42%
ROIC Less NNEP Spread (ROIC-NNEP)	23.57%	29.00%	-8.58%	-12.86%	-26.49%	-17.42%	-9.16%	-0.17%	25.42%
Return on Net Nonoperating Assets (RNNOA)	-4.79%	-5.71%	-0.94%	-2.35%	-9.38%	-11.18%	-4.58%	-0.08%	85.10%
Return on Equity (ROE)	22.50%	19.19%	7.42%	9.49%	11.54%	-3.81%	-3.60%	1.27%	106.52%
Cash Return on Invested Capital (CROIC)	-20.31%	33.06%	30.52%	-57.94%	60.84%	-6.10%	15.16%	0.00%	0.00%
Operating Return on Assets (OROA)	12.07%	9.76%	4.18%	5.29%	5.96%	3.38%	0.35%	2.81%	8.71%
Return on Assets (ROA)	9.41%	6.93%	2.42%	2.54%	2.22%	-0.69%	-0.79%	0.34%	10.06%
Return on Common Equity (ROCE)	22.50%	19.19%	7.42%	9.49%	11.54%	-3.81%	-3.32%	1.06%	26.37%
Return on Equity Simple (ROE_SIMPLE)	20.12%	17.16%	7.12%	7.64%	10.81%	-3.79%	-3.98%	1.48%	106.52%
Net Operating Profit after Tax (NOPAT)	30	22	8.50	9.91	14	5.65	0.75	1.11	7.65
NOPAT Margin	5.75%	4.19%	1.71%	2.02%	2.51%	1.02%	0.14%	0.23%	2.31%
Net Nonoperating Expense Percent (NNEP)	3.72%	-4.10%	16.94%	24.69%	47.42%	24.80%	10.13%	1.52%	-4.00%
Return On Investment Capital (ROIC_SIMPLE)	16.54%	15.10%	6.72%	-	-	-	-	-	18.26%
Cost of Revenue to Revenue	72.19%	76.90%	81.13%	82.48%	85.68%	87.01%	89.13%	86.49%	86.29%
SG&A Expenses to Revenue	18.74%	16.93%	15.68%	14.57%	11.19%	11.42%	10.45%	11.53%	11.40%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.37%	17.43%	16.45%	14.67%	11.30%	11.53%	10.68%	12.27%	11.40%
Earnings before Interest and Taxes (EBIT)	40	29	12	14	16	8.71	0.83	5.90	7.57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	52	38	20	20	24	16	6.88	15	10
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.28	4.14	1.14	1.06	1.82	0.62	0.60	2.14	0.00
Price to Tangible Book Value (P/TBV)	12.17	6.29	1.59	1.56	2.72	1.02	1.22	4.40	0.00
Price to Revenue (P/Rev)	1.86	0.97	0.22	0.19	0.17	0.05	0.05	0.21	0.00
Price to Earnings (P/E)	31.23	24.11	16.03	13.81	16.83	13.24	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.20%	4.15%	6.24%	7.24%	5.94%	7.56%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.99	5.55	1.15	1.04	1.81	0.78	0.74	1.67	0.00
Enterprise Value to Revenue (EV/Rev)	1.82	0.90	0.21	0.24	0.17	0.12	0.10	0.28	0.00
Enterprise Value to EBITDA (EV/EBITDA)	18.36	12.32	5.19	5.82	4.11	3.90	7.70	9.03	0.00
Enterprise Value to EBIT (EV/EBIT)	23.89	15.83	8.86	8.41	6.31	7.33	64.19	23.27	0.00
Enterprise Value to NOPAT (EV/NOPAT)	31.71	21.39	12.25	11.89	6.91	11.32	70.70	123.73	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	25.72	8.07	2.94	0.00	2.47	0.00	2.09	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	16.11	3.35	0.00	2.38	0.00	4.54	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.18	0.33	0.45	0.80	0.92	0.58	0.48	4.10
Long-Term Debt to Equity	0.15	0.16	0.23	0.34	0.68	0.83	0.51	0.37	3.77
Financial Leverage	-0.20	-0.20	0.11	0.18	0.35	0.64	0.50	0.47	3.35
Leverage Ratio	2.39	2.77	3.07	3.74	5.21	5.53	4.55	3.69	3.19
Compound Leverage Factor	2.41	2.66	2.51	2.53	2.33	-1.30	-13.69	2.41	1.84
Debt to Total Capital	14.90%	15.58%	24.57%	31.13%	44.48%	48.02%	36.59%	32.41%	80.39%
Short-Term Debt to Total Capital	1.84%	1.87%	7.56%	7.75%	6.75%	4.91%	4.30%	7.66%	6.44%
Long-Term Debt to Total Capital	13.06%	13.71%	17.01%	23.38%	37.73%	43.11%	32.29%	24.76%	73.95%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.59%	0.00%
Common Equity to Total Capital	85.10%	84.42%	75.43%	68.87%	55.52%	51.98%	63.41%	58.00%	19.61%
Debt to EBITDA	0.52	0.59	1.55	1.96	1.80	2.64	3.89	1.77	3.30
Net Debt to EBITDA	-0.35	-1.00	-0.24	1.24	0.03	2.13	3.64	1.72	2.69
Long-Term Debt to EBITDA	0.46	0.52	1.07	1.47	1.52	2.37	3.43	1.35	3.03
Debt to NOPAT	0.90	1.03	3.66	4.01	3.02	7.67	35.72	24.26	4.40
Net Debt to NOPAT	-0.61	-1.74	-0.58	2.53	0.06	6.17	33.41	23.60	3.60
Long-Term Debt to NOPAT	0.79	0.91	2.53	3.01	2.56	6.88	31.53	18.53	4.05
Altman Z-Score	5.24	4.07	2.47	2.61	2.85	2.43	2.31	2.90	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.77%	16.09%	75.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	1.46	1.50	1.42	1.49	1.33	1.25	1.13	1.23	1.31
Quick Ratio	1.09	1.09	1.01	0.80	0.85	0.72	0.93	1.20	1.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-22	29	31	-49	41	-4.67	12	0.00	0.00
Operating Cash Flow to CapEx	614.28%	3,133.04%	7,146.06%	-7,479.32%	3,014.00%	-37.11%	688.28%	-125.73%	26.10%
Free Cash Flow to Firm to Interest Expense	-11.88	12.19	14.48	-10.71	4.80	-0.69	3.53	0.00	0.00
Operating Cash Flow to Interest Expense	19.68	24.34	16.50	-5.35	4.62	-0.14	7.66	-2.00	0.19
Operating Cash Flow Less CapEx to Interest Expense	16.48	23.56	16.27	-5.42	4.46	-0.50	6.55	-3.59	-0.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	1.58	1.72	1.77	1.85	2.17	2.15	2.34	2.31	3.81
Accounts Receivable Turnover	4.77	4.65	4.65	5.60	5.96	4.05	3.30	3.15	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.36	26.44	0.00	0.00	0.00	0.00	28.43	26.65	0.00
Accounts Payable Turnover	5.94	5.66	5.80	6.19	6.36	6.00	6.87	6.75	13.41
Days Sales Outstanding (DSO)	76.48	78.53	78.53	65.17	61.29	90.19	110.44	115.83	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	61.44	64.53	62.92	58.93	57.37	60.88	53.12	54.07	27.21
Cash Conversion Cycle (CCC)	15.04	14.01	15.61	6.23	3.93	29.31	57.32	61.75	-27.21
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	135	83	90	113	55	82	71	82	36
Invested Capital Turnover	4.74	5.94	4.89	5.86	8.34	7.23	7.11	5.90	9.28
Increase / (Decrease) in Invested Capital	52	-7.09	-23	58	-27	10	-11	0.00	0.00
Enterprise Value (EV)	946	463	104	118	99	64	53	137	0.00
Market Capitalization	964	500	109	93	98	29	28	103	0.00
Book Value per Share	$13.62	$10.99	$9.11	$8.52	$6.78	$6.10	$6.11	$6.46	$1.38
Tangible Book Value per Share	$7.03	$7.23	$6.56	$5.78	$4.53	$3.70	$3.02	$3.15	$1.38
Total Capital	180	143	127	128	97	90	73	83	42
Total Debt	27	22	31	40	43	43	27	27	34
Total Long-Term Debt	24	20	22	30	37	39	24	21	31
Net Debt	-18	-38	-4.91	25	0.79	35	25	26	27
Capital Expenditures (CapEx)	5.99	1.83	0.50	0.32	1.32	2.50	3.68	3.23	2.32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	28	15	40	58	13	34	24	36	23
Debt-free Net Working Capital (DFNWC)	73	75	76	73	56	43	26	37	30
Net Working Capital (NWC)	69	72	67	63	49	39	23	31	27
Net Nonoperating Expense (NNE)	-1.04	0.87	1.70	3.20	8.45	7.42	2.59	0.40	-1.10
Net Nonoperating Obligations (NNO)	-18	-38	-5.03	25	0.79	35	25	26	27
Total Depreciation and Amortization (D&A)	12	8.32	8.30	6.23	8.33	7.68	6.06	9.30	2.63
Debt-free, Cash-free Net Working Capital to Revenue	5.32%	2.83%	8.15%	11.92%	2.36%	6.23%	4.44%	7.49%	7.06%
Debt-free Net Working Capital to Revenue	14.00%	14.43%	15.39%	14.90%	9.80%	7.76%	4.76%	7.64%	8.92%
Net Working Capital to Revenue	13.36%	13.92%	13.47%	12.88%	8.65%	6.96%	4.18%	6.34%	8.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.75	$1.93	$0.65	$0.67	$0.74	($0.23)	($0.52)	($0.13)	($0.18)
Adjusted Weighted Average Basic Shares Outstanding	11.24M	10.77M	10.43M	10.01M	7.87M	7.66M	7.56M	7.47M	5.95M
Adjusted Diluted Earnings per Share	$2.57	$1.76	$0.64	$0.66	$0.72	($0.23)	($0.52)	($0.13)	($0.18)
Adjusted Weighted Average Diluted Shares Outstanding	12.03M	11.81M	10.68M	10.23M	8.07M	7.66M	7.56M	7.47M	5.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($0.18)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.35M	11.13M	10.45M	10.42M	10.25M	0.00	7.60M	7.54M	1.85M
Normalized Net Operating Profit after Tax (NOPAT)	33	22	10	9.91	14	5.65	0.75	4.21	5.35
Normalized NOPAT Margin	6.31%	4.29%	2.04%	2.02%	2.51%	1.02%	0.14%	0.87%	1.62%
Pre Tax Income Margin	7.70%	5.44%	1.93%	1.93%	1.23%	-0.37%	-0.45%	0.80%	1.32%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	21.19	12.41	5.48	3.09	1.81	1.28	0.25	2.90	2.37
NOPAT to Interest Expense	15.96	9.18	3.96	2.19	1.65	0.83	0.23	0.55	2.39
EBIT Less CapEx to Interest Expense	17.99	11.63	5.25	3.02	1.66	0.91	-0.86	1.31	1.64
NOPAT Less CapEx to Interest Expense	12.76	8.40	3.73	2.12	1.50	0.46	-0.89	-1.04	1.66
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-47.43%	34.41%	1.42%
Augmented Payout Ratio	0.00%	0.00%	29.42%	0.00%	0.00%	0.00%	-47.43%	34.41%	1.42%

This table displays calculated financial ratios and metrics derived from Limbach's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.88%	0.67%	4.82%	-2.12%	-1.68%	-0.55%	4.42%	7.55%	5.39%	13.15%	-5.28%
EBITDA Growth	23.60%	79.56%	13.07%	12.00%	58.52%	32.70%	50.78%	166.95%	393.44%	-12.95%	6.14%
EBIT Growth	13.59%	91.74%	7.07%	4.09%	67.49%	36.22%	71.38%	400.95%	616.53%	-22.14%	-3.04%
NOPAT Growth	48.13%	79.57%	5.47%	6.82%	77.19%	24.99%	91.49%	375.23%	794.00%	-6.76%	-14.19%
Net Income Growth	34.64%	87.50%	4.06%	12.09%	153.46%	37.84%	97.53%	514.32%	297.43%	-10.99%	-8.66%
EPS Growth	32.81%	92.86%	1.64%	8.70%	137.04%	13.51%	79.41%	475.00%	280.00%	-19.57%	-10.53%
Operating Cash Flow Growth	156.82%	38.71%	-71.26%	-2.49%	-142.11%	12.21%	65.71%	8.60%	415.89%	266.30%	32.35%
Free Cash Flow Firm Growth	-805.55%	-443.38%	-207.54%	-130.05%	-114.01%	-53.73%	305.65%	246.36%	176.47%	149.69%	34.17%
Invested Capital Growth	51.44%	62.46%	45.34%	17.13%	12.92%	-7.84%	-19.51%	-20.92%	-24.42%	-19.95%	20.24%
Revenue Q/Q Growth	-7.34%	7.27%	9.56%	2.74%	-16.62%	11.68%	2.31%	3.20%	-15.66%	17.27%	5.37%
EBITDA Q/Q Growth	-28.52%	27.00%	21.79%	11.79%	3.84%	-20.03%	20.63%	58.23%	-22.27%	-9.12%	113.57%
EBIT Q/Q Growth	-39.53%	25.67%	30.03%	14.95%	2.08%	-29.82%	26.41%	84.96%	-28.72%	-11.71%	269.51%
NOPAT Q/Q Growth	6.35%	26.93%	28.20%	-14.40%	28.92%	-25.45%	29.84%	41.99%	-9.06%	14.22%	222.25%
Net Income Q/Q Growth	3.78%	31.51%	25.51%	-21.39%	44.52%	-27.02%	35.19%	77.75%	-21.40%	4.59%	320.44%
EPS Q/Q Growth	4.94%	30.65%	24.00%	-21.88%	52.38%	-31.15%	32.61%	70.37%	-27.03%	8.82%	325.00%
Operating Cash Flow Q/Q Growth	-88.38%	290.94%	-70.10%	518.46%	-128.36%	-19.00%	1.43%	80.72%	-24.43%	19.62%	-33.53%
Free Cash Flow Firm Q/Q Growth	3.93%	-51.36%	-245.67%	-80.15%	-136.47%	-52.60%	-3.40%	-16.03%	20.33%	310.69%	31.25%
Invested Capital Q/Q Growth	10.88%	18.64%	19.40%	-3.59%	18.94%	6.13%	-3.77%	-7.05%	-2.92%	-7.30%	-5.46%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.59%	30.33%	26.97%	27.41%	26.13%	23.34%	24.45%	22.83%	21.67%	20.37%	20.31%
EBITDA Margin	9.19%	11.91%	10.06%	9.05%	8.32%	6.68%	9.33%	7.91%	5.16%	5.00%	6.46%
Operating Margin	5.94%	9.06%	8.13%	6.70%	5.49%	5.08%	7.69%	6.05%	3.85%	4.14%	4.41%
EBIT Margin	6.12%	9.38%	8.00%	6.74%	6.03%	4.92%	7.84%	6.34%	3.54%	3.59%	4.77%
Profit (Net Income) Margin	7.67%	6.85%	5.59%	4.88%	6.38%	3.68%	5.63%	4.26%	2.47%	2.65%	2.98%
Tax Burden Percent	127.82%	73.06%	68.80%	71.34%	104.50%	73.02%	72.27%	72.43%	82.79%	71.28%	68.76%
Interest Burden Percent	98.09%	99.99%	101.47%	101.38%	101.21%	102.31%	99.40%	92.74%	84.42%	103.57%	90.64%
Effective Tax Rate	-27.82%	26.94%	31.20%	28.66%	-4.50%	26.98%	27.73%	27.57%	17.21%	28.72%	31.24%
Return on Invested Capital (ROIC)	32.49%	31.41%	30.08%	27.62%	31.58%	22.06%	32.66%	24.27%	15.71%	14.43%	16.29%
ROIC Less NNEP Spread (ROIC-NNEP)	31.95%	30.21%	30.10%	27.23%	27.57%	22.27%	32.08%	27.51%	6.05%	10.16%	11.43%
Return on Net Nonoperating Assets (RNNOA)	-4.17%	-6.14%	-7.48%	-7.02%	-4.65%	-4.39%	-4.80%	-1.31%	0.58%	1.11%	0.18%
Return on Equity (ROE)	28.32%	25.27%	22.59%	20.60%	26.93%	17.67%	27.86%	22.96%	16.28%	15.54%	16.48%
Cash Return on Invested Capital (CROIC)	-14.48%	-20.31%	-10.34%	12.71%	14.50%	33.06%	45.00%	41.96%	40.43%	30.52%	-8.54%
Operating Return on Assets (OROA)	10.43%	14.82%	13.60%	12.08%	10.88%	8.49%	14.32%	12.05%	6.34%	6.35%	8.39%
Return on Assets (ROA)	13.07%	10.83%	9.49%	8.74%	11.51%	6.34%	10.29%	8.10%	4.43%	4.69%	5.23%
Return on Common Equity (ROCE)	28.32%	25.27%	22.59%	20.60%	26.93%	17.67%	27.86%	22.96%	16.28%	15.54%	16.48%
Return on Equity Simple (ROE_SIMPLE)	20.79%	0.00%	18.48%	19.55%	20.19%	0.00%	16.92%	14.92%	11.39%	0.00%	7.83%
Net Operating Profit after Tax (NOPAT)	10	9.51	7.49	5.84	6.83	5.30	7.10	5.47	3.85	4.24	3.71
NOPAT Margin	7.60%	6.62%	5.59%	4.78%	5.74%	3.71%	5.56%	4.38%	3.18%	2.95%	3.03%
Net Nonoperating Expense Percent (NNEP)	0.55%	1.20%	-0.02%	0.39%	4.01%	-0.22%	0.58%	-3.25%	9.66%	4.27%	4.86%
Return On Investment Capital (ROIC_SIMPLE)	5.37%	5.27%	-	-	-	3.70%	-	-	-	3.35%	-
Cost of Revenue to Revenue	72.41%	69.67%	73.03%	72.59%	73.87%	76.66%	75.55%	77.17%	78.33%	79.63%	79.69%
SG&A Expenses to Revenue	19.92%	19.07%	17.73%	18.96%	19.23%	17.50%	16.41%	16.35%	17.40%	15.17%	15.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	21.64%	21.27%	18.84%	20.71%	20.64%	18.26%	16.76%	16.78%	17.83%	16.23%	15.90%
Earnings before Interest and Taxes (EBIT)	8.15	13	11	8.24	7.17	7.03	10	7.92	4.28	5.16	5.84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	17	13	11	9.90	9.53	12	9.88	6.24	7.18	7.90
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.25	6.28	6.01	4.79	3.67	4.14	3.06	2.48	1.82	1.14	0.86
Price to Tangible Book Value (P/TBV)	9.54	12.17	9.69	6.80	5.42	6.29	4.16	3.28	2.48	1.59	1.21
Price to Revenue (P/Rev)	1.59	1.86	1.65	1.24	0.90	0.97	0.68	0.51	0.36	0.22	0.17
Price to Earnings (P/E)	25.24	31.23	32.50	24.50	18.19	24.11	18.08	16.60	15.99	16.03	10.92
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.96%	3.20%	3.08%	4.08%	5.50%	4.15%	5.53%	6.02%	6.26%	6.24%	9.15%
Enterprise Value to Invested Capital (EV/IC)	5.56	6.99	7.24	6.27	4.39	5.55	3.99	2.91	1.93	1.15	0.86
Enterprise Value to Revenue (EV/Rev)	1.57	1.82	1.60	1.17	0.85	0.90	0.61	0.46	0.34	0.21	0.18
Enterprise Value to EBITDA (EV/EBITDA)	15.49	18.36	18.79	14.13	10.55	12.32	8.69	7.41	6.54	5.19	3.98
Enterprise Value to EBIT (EV/EBIT)	20.56	23.89	24.91	18.46	13.53	15.83	11.11	9.88	9.56	8.86	6.36
Enterprise Value to NOPAT (EV/NOPAT)	25.34	31.71	32.21	23.75	17.47	21.39	15.24	13.83	13.17	12.25	9.57
Enterprise Value to Operating Cash Flow (EV/OCF)	19.42	25.72	26.30	13.73	9.87	8.07	5.61	4.84	3.55	2.94	5.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	53.23	32.09	16.11	7.92	6.13	4.11	3.35	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.18	0.16	0.17	0.17	0.18	0.19	0.21	0.30	0.33	0.36
Long-Term Debt to Equity	0.15	0.15	0.14	0.15	0.15	0.16	0.17	0.18	0.21	0.23	0.25
Financial Leverage	-0.13	-0.20	-0.25	-0.26	-0.17	-0.20	-0.15	-0.05	0.10	0.11	0.02
Leverage Ratio	2.18	2.39	2.38	2.39	2.53	2.77	2.73	2.78	3.02	3.07	3.11
Compound Leverage Factor	2.14	2.39	2.41	2.43	2.57	2.83	2.72	2.57	2.55	3.18	2.82
Debt to Total Capital	14.40%	14.90%	13.99%	14.30%	14.85%	15.58%	16.10%	17.18%	23.23%	24.57%	26.33%
Short-Term Debt to Total Capital	1.82%	1.84%	1.59%	1.63%	1.72%	1.87%	1.82%	1.91%	7.46%	7.56%	7.71%
Long-Term Debt to Total Capital	12.59%	13.06%	12.40%	12.67%	13.13%	13.71%	14.29%	15.27%	15.77%	17.01%	18.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	85.60%	85.10%	86.01%	85.70%	85.15%	84.42%	83.90%	82.82%	76.77%	75.43%	73.67%
Debt to EBITDA	0.50	0.52	0.53	0.52	0.53	0.59	0.61	0.68	1.16	1.55	1.57
Net Debt to EBITDA	-0.21	-0.35	-0.64	-0.88	-0.64	-1.00	-0.99	-0.75	-0.44	-0.24	0.22
Long-Term Debt to EBITDA	0.44	0.46	0.47	0.46	0.47	0.52	0.54	0.61	0.79	1.07	1.11
Debt to NOPAT	0.82	0.90	0.90	0.88	0.88	1.03	1.06	1.28	2.34	3.66	3.78
Net Debt to NOPAT	-0.34	-0.61	-1.10	-1.48	-1.06	-1.74	-1.73	-1.40	-0.89	-0.58	0.53
Long-Term Debt to NOPAT	0.72	0.79	0.80	0.78	0.78	0.91	0.94	1.13	1.59	2.53	2.67
Altman Z-Score	5.12	4.99	5.03	4.54	4.05	3.83	3.60	3.40	2.80	2.39	2.33
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.55	1.46	1.57	1.63	1.60	1.50	1.57	1.57	1.49	1.42	1.43
Quick Ratio	1.13	1.09	1.10	1.20	1.16	1.09	1.18	1.05	0.99	1.01	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-41	-43	-28	-8.13	-4.51	12	26	27	32	27	-13
Operating Cash Flow to CapEx	117.27%	1,984.47%	0.00%	506.57%	-199.19%	2,891.06%	13,625.40%	4,210.45%	1,139.42%	5,845.75%	0.00%
Free Cash Flow to Firm to Interest Expense	-77.69	-86.10	-60.05	-18.82	-9.50	28.74	59.80	32.91	48.30	42.29	-23.23
Operating Cash Flow to Interest Expense	4.26	39.05	10.54	38.20	-8.30	32.26	39.29	20.59	14.04	19.58	18.94
Operating Cash Flow Less CapEx to Interest Expense	0.63	37.08	11.02	30.66	-12.47	31.15	39.00	20.10	12.81	19.24	18.94
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.70	1.58	1.70	1.79	1.81	1.72	1.83	1.90	1.79	1.77	1.76
Accounts Receivable Turnover	5.16	4.77	5.06	5.55	5.26	4.65	4.82	5.44	4.82	4.65	4.59
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.81	20.36	23.29	0.00	0.00	26.44	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	7.17	5.94	7.08	7.17	6.96	5.66	6.68	6.91	6.48	5.80	5.79
Days Sales Outstanding (DSO)	70.79	76.48	72.08	65.77	69.43	78.53	75.70	67.14	75.75	78.53	79.57
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	50.90	61.44	51.53	50.90	52.44	64.53	54.66	52.81	56.35	62.92	63.01
Cash Conversion Cycle (CCC)	19.89	15.04	20.55	14.87	16.99	14.01	21.04	14.33	19.40	15.61	16.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	150	135	114	96	99	83	79	82	88	90	98
Invested Capital Turnover	4.28	4.74	5.38	5.78	5.50	5.94	5.88	5.54	4.93	4.89	5.38
Increase / (Decrease) in Invested Capital	51	52	36	14	11	-7.09	-19	-22	-28	-23	16
Enterprise Value (EV)	834	946	826	599	435	463	314	238	169	104	84
Market Capitalization	845	964	854	637	461	500	349	262	181	109	79
Book Value per Share	$14.19	$13.62	$12.61	$11.89	$11.28	$10.99	$10.37	$9.99	$9.50	$9.11	$8.89
Tangible Book Value per Share	$7.80	$7.03	$7.82	$8.37	$7.65	$7.23	$7.62	$7.53	$6.98	$6.56	$6.30
Total Capital	188	180	165	155	147	143	136	128	129	127	126
Total Debt	27	27	23	22	22	22	22	22	30	31	33
Total Long-Term Debt	24	24	20	20	19	20	19	19	20	22	23
Net Debt	-11	-18	-28	-37	-26	-38	-36	-24	-11	-4.91	4.66
Capital Expenditures (CapEx)	1.91	0.97	-0.22	3.26	1.98	0.48	0.13	0.40	0.82	0.21	-0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	38	28	30	26	29	15	23	28	38	40	44
Debt-free Net Working Capital (DFNWC)	76	73	82	85	78	75	80	74	79	76	73
Net Working Capital (NWC)	73	69	79	83	75	72	78	72	70	67	63
Net Nonoperating Expense (NNE)	-0.10	-0.33	0.01	-0.12	-0.76	0.05	-0.09	0.15	0.86	0.43	0.07
Net Nonoperating Obligations (NNO)	-11	-18	-28	-37	-26	-38	-36	-24	-11	-5.03	4.66
Total Depreciation and Amortization (D&A)	4.08	3.64	2.75	2.82	2.72	2.50	1.90	1.96	1.96	2.02	2.06
Debt-free, Cash-free Net Working Capital to Revenue	7.14%	5.32%	5.86%	5.01%	5.69%	2.83%	4.39%	5.55%	7.54%	8.15%	9.26%
Debt-free Net Working Capital to Revenue	14.30%	14.00%	15.75%	16.66%	15.08%	14.43%	15.50%	14.53%	15.79%	15.39%	15.21%
Net Working Capital to Revenue	13.65%	13.36%	15.24%	16.16%	14.59%	13.92%	15.03%	14.06%	13.87%	13.47%	13.18%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.89	$0.88	$0.66	$0.53	$0.68	$0.48	$0.66	$0.50	$0.29	$0.37	$0.35
Adjusted Weighted Average Basic Shares Outstanding	11.42M	11.24M	11.27M	11.27M	11.16M	10.77M	10.96M	10.64M	10.48M	10.43M	10.44M
Adjusted Diluted Earnings per Share	$0.85	$0.81	$0.62	$0.50	$0.64	$0.42	$0.61	$0.46	$0.27	$0.37	$0.34
Adjusted Weighted Average Diluted Shares Outstanding	12.05M	12.03M	12.03M	11.97M	11.89M	11.81M	11.79M	11.51M	11.04M	10.68M	10.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	11.62M	11.35M	11.27M	11.27M	11.18M	11.13M	11.00M	11.00M	10.58M	10.45M	10.47M
Normalized Net Operating Profit after Tax (NOPAT)	5.84	11	7.91	6.64	5.01	5.49	7.22	5.59	3.97	5.04	3.97
Normalized NOPAT Margin	4.38%	7.34%	5.91%	5.43%	4.21%	3.85%	5.65%	4.47%	3.28%	3.52%	3.25%
Pre Tax Income Margin	6.00%	9.38%	8.12%	6.84%	6.10%	5.04%	7.79%	5.88%	2.99%	3.72%	4.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.49	27.27	22.91	19.08	15.10	16.30	22.91	9.64	6.42	8.15	10.68
NOPAT to Interest Expense	19.22	19.25	16.01	13.53	14.37	12.29	16.25	6.65	5.78	6.69	6.78
EBIT Less CapEx to Interest Expense	11.86	25.30	23.38	11.54	10.93	15.19	22.62	9.15	5.19	7.81	10.68
NOPAT Less CapEx to Interest Expense	15.59	17.28	16.48	5.98	10.20	11.17	15.96	6.17	4.54	6.36	6.78
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	29.42%	0.00%

Frequently Asked Questions About Limbach's Financials

When does Limbach's fiscal year end?

According to the most recent income statement we have on file, Limbach's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Limbach's net income changed over the last 8 years?

Limbach's net income appears to be on an upward trend, with a most recent value of $30.88 million in 2024, rising from $8.74 million in 2015. The previous period was $20.75 million in 2023. View Limbach's forecast to see where analysts expect Limbach to go next.

What is Limbach's operating income?

Limbach's total operating income in 2024 was $38.62 million, based on the following breakdown:

Total Gross Profit: $144.28 million
Total Operating Expenses: $105.66 million

How has Limbach revenue changed over the last 8 years?

Over the last 8 years, Limbach's total revenue changed from $331.35 million in 2015 to $518.78 million in 2024, a change of 56.6%.

How much debt does Limbach have?

Limbach's total liabilities were at $198.64 million at the end of 2024, a 8.2% increase from 2023, and a 101,842.0% increase since 2014.

How much cash does Limbach have?

In the past 10 years, Limbach's cash and equivalents has ranged from $397.39 thousand in 2014 to $59.83 million in 2023, and is currently $44.93 million as of their latest financial filing in 2024.

How has Limbach's book value per share changed over the last 8 years?

Over the last 8 years, Limbach's book value per share changed from 1.38 in 2015 to 13.62 in 2024, a change of 886.6%.

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This page (NASDAQ:LMB) was last updated on 5/28/2025 by MarketBeat.com Staff

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Limbach (LMB) Financials

Frequently Asked Questions About Limbach's Financials

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