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Limbach (LMB) Financials

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$74.89 +3.15 (+4.39%)
Closing price 05/14/2026 04:00 PM Eastern
Extended Trading
$75.38 +0.48 (+0.65%)
As of 04:48 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Limbach

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 2015 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
4.37 -0.94 -3.95 2.20 5.81 6.71 6.80 21 31 39
Consolidated Net Income / (Loss)
8.74 0.71 -1.85 -1.78 5.81 6.71 6.80 21 31 39
Net Income / (Loss) Continuing Operations
4.37 0.71 -1.87 2.20 5.81 6.71 6.80 21 31 39
Total Pre-Tax Income
4.37 3.86 -2.48 -2.06 6.99 9.48 9.61 28 40 49
Total Operating Income
7.65 6.02 1.07 8.07 17 14 12 29 39 49
Total Gross Profit
45 66 59 72 81 86 94 119 144 169
Total Revenue
331 486 547 553 568 490 497 516 519 647
Operating Revenue
331 486 547 553 568 490 497 516 519 647
Total Cost of Revenue
286 420 487 481 487 404 403 397 375 477
Operating Cost of Revenue
286 420 487 481 487 404 403 397 375 477
Total Operating Expenses
38 60 58 64 64 72 82 90 106 120
Selling, General & Admin Expense
38 56 57 63 64 71 78 87 97 110
Amortization Expense
0.00 3.58 1.30 0.64 0.63 0.48 1.57 1.88 4.69 8.36
Other Operating Expenses / (Income)
- - - - - - - 0.73 3.77 1.99
Total Other Income / (Expense), net
-3.27 -2.16 -3.55 -6.15 -10 -4.51 -2.40 -1.18 1.34 -0.83
Interest Expense
3.20 2.03 3.31 6.80 8.63 4.53 2.14 2.36 1.87 3.13
Interest & Investment Income
- - - - - 0.00 0.00 1.22 2.23 0.82
Other Income / (Expense), net
-0.07 -0.12 -0.25 0.65 -1.54 0.02 -0.26 -0.04 0.98 1.49
Income Tax Expense
0.00 3.15 -0.64 -0.28 1.18 2.76 2.81 7.35 9.09 9.57
Basic Earnings per Share
$0.00 ($0.13) ($0.52) ($0.23) $0.74 $0.67 $0.65 $1.93 $2.75 $3.37
Weighted Average Basic Shares Outstanding
0.00 7.47M 7.56M 7.66M 7.87M 10.01M 10.43M 10.77M 11.24M 11.58M
Diluted Earnings per Share
$0.00 ($0.13) ($0.52) ($0.23) $0.72 $0.66 $0.64 $1.76 $2.57 $3.23
Weighted Average Diluted Shares Outstanding
0.00 7.47M 7.56M 7.66M 8.07M 10.23M 10.68M 11.81M 12.03M 12.08M
Weighted Average Basic & Diluted Shares Outstanding
1.85M 7.54M 7.60M - 10.25M 10.42M 10.45M 11.13M 11.35M 11.68M

Quarterly Income Statements for Limbach

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders
7.19 5.25 7.59 5.96 7.48 9.84 10 7.76 8.79 12 4.38
Consolidated Net Income / (Loss)
7.19 5.25 7.59 5.96 7.48 9.84 10 7.76 8.79 12 4.38
Net Income / (Loss) Continuing Operations
7.19 5.25 7.59 5.96 7.48 9.84 10 7.76 8.79 12 4.38
Total Pre-Tax Income
9.95 7.19 7.26 8.36 11 13 7.99 11 13 17 0.72
Total Operating Income
9.83 7.25 6.53 8.19 11 13 7.91 11 13 18 1.13
Total Gross Profit
31 33 31 34 36 44 37 40 45 48 31
Total Revenue
128 143 119 122 134 144 133 142 185 187 139
Operating Revenue
128 143 119 122 134 144 133 142 185 187 139
Total Cost of Revenue
97 109 88 89 98 100 96 102 140 139 108
Operating Cost of Revenue
97 109 88 89 98 100 96 102 140 139 108
Total Operating Expenses
21 26 25 25 25 31 29 29 31 31 30
Selling, General & Admin Expense
21 25 23 23 24 27 27 27 28 28 28
Amortization Expense
0.29 0.83 1.06 1.03 0.87 1.73 1.86 1.76 2.40 2.34 1.77
Other Operating Expenses / (Income)
- - - - - - 0.43 - - - 0.15
Total Other Income / (Expense), net
0.12 -0.06 0.73 0.17 -0.01 0.46 0.08 0.12 -0.79 -0.24 -0.41
Interest Expense
0.44 0.43 0.48 0.43 0.47 0.49 0.53 0.56 1.22 0.82 0.70
Interest & Investment Income
0.38 0.59 0.56 0.55 0.63 0.49 0.37 0.33 0.09 0.02 0.02
Other Income / (Expense), net
0.18 -0.23 0.64 0.05 -0.17 0.46 0.24 0.35 0.35 0.56 0.28
Income Tax Expense
2.76 1.94 -0.33 2.40 3.39 3.63 -2.22 3.00 3.77 5.02 -3.66
Basic Earnings per Share
$0.66 $0.48 $0.68 $0.53 $0.66 $0.88 $0.89 $0.67 $0.76 $1.05 $0.37
Weighted Average Basic Shares Outstanding
10.96M 10.77M 11.16M 11.27M 11.27M 11.24M 11.42M 11.62M 11.63M 11.58M 11.76M
Diluted Earnings per Share
$0.61 $0.42 $0.64 $0.50 $0.62 $0.81 $0.85 $0.64 $0.73 $1.01 $0.36
Weighted Average Diluted Shares Outstanding
11.79M 11.81M 11.89M 11.97M 12.03M 12.03M 12.05M 12.11M 12.11M 12.08M 12.07M
Weighted Average Basic & Diluted Shares Outstanding
11.00M 11.13M 11.18M 11.27M 11.27M 11.35M 11.62M 11.63M 11.63M 11.68M 11.92M

Annual Cash Flow Statements for Limbach

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 2015 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents
-2.51 -6.78 0.99 6.73 34 -28 22 24 -15 -34
Net Cash From Operating Activities
0.61 -4.07 25 -0.93 40 -24 35 57 37 46
Net Cash From Continuing Operating Activities
0.61 -4.07 25 -0.93 40 -24 35 58 37 46
Net Income / (Loss) Continuing Operations
4.37 0.71 -1.85 -1.78 5.81 6.71 6.80 21 31 39
Consolidated Net Income / (Loss)
4.37 0.71 -1.85 -1.78 5.81 6.71 6.80 21 31 39
Depreciation Expense
2.63 9.12 5.68 6.29 6.17 5.95 8.16 8.24 12 18
Amortization Expense
0.00 0.18 0.37 1.39 2.16 0.28 0.14 0.08 0.04 0.05
Non-Cash Adjustments To Reconcile Net Income
2.73 2.06 2.47 -3.88 17 -6.04 30 7.95 15 -15
Changes in Operating Assets and Liabilities, net
-9.13 -16 19 -2.95 8.85 -31 -9.99 21 -21 3.42
Net Cash From Investing Activities
-2.32 -3.23 -3.68 -2.49 -1.32 -19 -0.50 -17 -43 -68
Net Cash From Continuing Investing Activities
-2.32 -3.23 -3.68 -2.49 -1.32 -19 -0.50 -17 -43 -68
Purchase of Property, Plant & Equipment
-2.38 -3.30 -3.88 -2.66 -1.48 -0.79 -0.99 -2.27 -7.52 -3.81
Acquisitions
-0.00 - - - 0.00 -19 0.00 -15 -37 -66
Sale of Property, Plant & Equipment
0.06 0.07 0.20 0.17 0.16 0.47 0.50 0.44 1.54 1.88
Other Investing Activities, net
0.00 -0.00 -0.00 0.00 - - 0.00 0.00 0.01 0.00
Net Cash From Financing Activities
-0.79 0.52 -21 10 -4.69 16 -13 -16 -9.12 -12
Net Cash From Continuing Financing Activities
-0.79 0.52 -21 10 -4.69 16 -13 -16 -9.12 -12
Repayment of Debt
-64 -6.59 -15 -60 -12 -9.76 -29 -23 -4.37 -82
Issuance of Debt
64 7.78 10 89 7.25 40 21 10 0.00 74
Issuance of Common Equity
0.00 - - 0.00 0.19 23 0.31 0.37 0.44 0.65
Other Financing Activities, net
0.00 3.42 -5.87 -19 -0.22 -37 -3.20 -3.58 -5.19 -4.34
Cash Interest Paid
0.53 1.88 2.71 4.61 6.47 2.55 2.01 1.91 1.90 3.10
Cash Income Taxes Paid
- - - - 0.73 2.29 1.98 9.16 8.53 7.35

Quarterly Cash Flow Statements for Limbach

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents
12 2.36 -12 11 -8.37 -6.23 -6.84 0.85 -29 1.53 4.42
Net Cash From Operating Activities
17 14 -3.94 17 4.93 19 2.24 2.00 13 28 -7.81
Net Cash From Continuing Operating Activities
17 14 -3.94 17 4.93 19 2.24 2.00 13 28 -7.81
Net Income / (Loss) Continuing Operations
7.19 5.25 7.59 5.96 7.48 9.84 10 7.76 8.79 12 4.38
Consolidated Net Income / (Loss)
7.19 5.25 7.59 5.96 7.48 9.84 10 7.76 8.79 12 4.38
Depreciation Expense
1.89 2.49 2.71 2.81 2.74 3.63 4.07 3.92 5.06 5.08 4.42
Amortization Expense
0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02
Non-Cash Adjustments To Reconcile Net Income
14 -0.91 6.44 1.62 -2.25 12 0.42 1.50 1.68 -23 -1.13
Changes in Operating Assets and Liabilities, net
-6.02 7.06 -21 6.10 -3.05 -6.03 -12 -11 -2.22 34 -15
Net Cash From Investing Activities
-5.01 -11 -1.98 -3.26 -12 -25 -1.93 -0.23 -66 0.32 -0.11
Net Cash From Continuing Investing Activities
-5.01 -11 -1.98 -3.26 -12 -25 -1.93 -0.23 -66 0.32 -0.11
Purchase of Property, Plant & Equipment
-0.22 -0.55 -2.54 -3.30 -0.35 -1.34 -2.23 -0.85 -0.48 -0.25 -0.41
Acquisitions
- -10 0.00 - - -24 -0.01 0.01 -66 - 0.00
Sale of Property, Plant & Equipment
0.10 0.07 0.56 0.04 0.57 0.37 0.32 0.61 0.38 0.57 0.30
Other Investing Activities, net
- - 0.00 0.00 - - 0.00 - - - 0.00
Net Cash From Financing Activities
-0.62 -0.69 -5.67 -1.95 -0.81 -0.68 -7.16 -0.92 23 -27 12
Net Cash From Continuing Financing Activities
-0.62 -0.69 -5.67 -1.95 -0.81 -0.68 -7.16 -0.92 23 -27 12
Repayment of Debt
- - 0.00 - -1.33 - -2.29 -0.13 -17 -62 -35
Issuance of Debt
-0.69 1.99 -0.69 0.69 - - -0.85 - - 35 53
Issuance of Common Equity
0.07 0.06 0.21 0.07 0.09 0.07 0.32 0.12 0.13 0.08 0.42
Other Financing Activities, net
- -2.73 -5.19 -2.72 0.42 -0.75 -4.34 -1.77 1.77 - -6.09
Cash Interest Paid
0.30 0.43 0.48 0.43 0.50 0.49 0.53 0.53 1.27 0.78 0.69
Cash Income Taxes Paid
2.80 2.44 0.00 3.04 1.66 3.83 0.00 4.02 0.64 2.68 0.00

Annual Balance Sheets for Limbach

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets
127 207 213 254 262 262 268 295 304 352 381
Total Current Assets
114 155 166 205 195 199 193 226 217 220 195
Cash & Equivalents
6.11 7.41 0.63 1.62 8.34 42 14 36 60 45 11
Restricted Cash
0.06 0.11 0.11 0.11 0.11 0.11 0.11 - 0.07 0.07 0.07
Accounts Receivable
106 146 162 168 105 86 89 124 98 120 133
Other Current Assets
1.80 1.73 3.17 35 82 71 89 65 59 56 50
Plant, Property, & Equipment, net
13 19 18 21 0.00 0.00 0.00 18 21 30 43
Total Noncurrent Assets
0.04 33 29 28 66 63 75 50 67 102 143
Goodwill
0.00 10 10 10 6.13 6.13 11 11 16 33 71
Intangible Assets
0.00 18 14 13 12 12 17 15 25 41 49
Noncurrent Deferred & Refundable Income Taxes
0.00 4.27 3.66 4.41 4.79 6.09 4.33 4.83 5.18 5.53 2.92
Other Noncurrent Operating Assets
0.04 0.59 0.47 0.27 43 39 42 19 20 22 20
Total Liabilities & Shareholders' Equity
127 207 213 254 262 262 268 295 304 352 381
Total Liabilities
119 149 157 207 215 208 180 199 184 199 185
Total Current Liabilities
87 127 135 182 157 150 130 159 145 151 135
Short-Term Debt
2.70 4.48 6.36 3.14 4.43 6.54 9.88 9.56 2.68 3.31 5.03
Accounts Payable
43 57 67 74 86 67 64 75 65 61 74
Accrued Expenses
16 26 31 54 20 25 24 25 31 37 29
Current Deferred Revenue
26 39 29 51 42 47 27 44 42 45 21
Current Deferred & Payable Income Tax Liabilities
- 0.00 2.22 0.00 0.01 1.67 0.50 1.89 0.45 1.47 1.15
Other Current Liabilities
- - - 0.00 3.75 3.93 4.37 3.56 3.63 4.09 4.38
Total Noncurrent Liabilities
32 22 21 25 58 58 50 40 38 48 50
Long-Term Debt
31 22 21 24 39 37 30 22 20 24 31
Other Noncurrent Operating Liabilities
0.96 0.82 0.86 1.51 19 22 20 19 19 24 20
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
8.21 47 48 46 47 54 88 95 121 153 196
Total Preferred & Common Equity
8.21 47 48 46 47 54 88 95 121 153 196
Total Common Equity
8.21 47 48 46 47 54 88 95 121 153 196
Common Stock
0.00 55 55 55 57 58 85 88 93 94 97
Retained Earnings
0.00 -7.72 -6.58 -8.42 -9.69 -3.88 2.83 9.63 30 61 100
Treasury Stock
- - - - - - 0.00 -2.00 -2.00 -2.00 -2.00

Quarterly Balance Sheets for Limbach

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 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets
281 281 267 285 289 304 324 336 343 409 377
Total Current Assets
209 212 199 214 199 213 217 205 209 217 192
Cash & Equivalents
28 41 46 57 48 60 51 38 39 9.82 16
Restricted Cash
0.11 0.11 0.07 - 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Accounts Receivable
111 100 87 104 96 97 101 111 113 142 121
Other Current Assets
70 71 65 53 55 56 65 55 55 64 55
Plant, Property, & Equipment, net
0.00 0.00 0.00 19 23 25 25 31 36 46 41
Total Noncurrent Assets
71 68 68 52 67 66 82 101 98 146 144
Goodwill
11 11 11 14 16 16 21 33 33 70 71
Intangible Assets
16 15 15 17 24 23 33 39 38 51 47
Noncurrent Deferred & Refundable Income Taxes
5.41 4.89 5.00 4.83 5.51 5.29 5.62 7.41 5.40 4.06 6.57
Other Noncurrent Operating Assets
39 37 37 16 21 21 22 21 21 21 20
Total Liabilities & Shareholders' Equity
281 281 267 285 289 304 324 336 343 409 377
Total Liabilities
188 181 162 171 164 171 182 175 172 228 181
Total Current Liabilities
146 142 127 137 124 131 138 132 123 151 112
Short-Term Debt
9.72 9.64 2.43 2.47 2.53 2.53 2.63 3.42 4.42 5.26 4.91
Accounts Payable
64 60 53 57 52 53 52 55 55 66 62
Accrued Expenses
24 22 23 27 25 24 31 28 27 39 22
Current Deferred Revenue
43 45 44 47 41 46 47 40 32 37 18
Current Deferred & Payable Income Tax Liabilities
2.26 2.57 1.51 0.50 0.45 0.18 1.76 1.13 0.00 0.00 1.15
Other Current Liabilities
3.60 3.64 3.60 3.56 3.68 3.82 3.96 4.19 4.13 4.28 4.60
Total Noncurrent Liabilities
42 39 35 35 39 40 44 44 49 76 68
Long-Term Debt
23 20 19 19 19 20 20 24 28 56 52
Other Noncurrent Operating Liabilities
18 18 15 15 20 21 24 20 21 20 17
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
93 99 106 114 126 133 142 161 171 182 196
Total Preferred & Common Equity
93 99 106 114 126 133 142 161 171 182 196
Total Common Equity
93 99 106 114 126 133 142 161 171 182 196
Common Stock
87 89 90 91 90 91 93 92 93 96 94
Retained Earnings
5.82 13 18 25 38 44 51 71 79 88 105
Treasury Stock
- -2.00 -2.00 -2.00 -2.00 -2.00 -2.00 -2.00 -2.00 -2.00 -2.00

Annual Metrics And Ratios for Limbach

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

Metric 2015 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding
- - - - - - - - - 11,626,814.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 11,626,814.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 3.36
Growth Metrics
- - - - - - - - - -
Profitability Metrics
- - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
7.65 1.11 0.75 5.65 14 9.91 8.50 22 30 40
Return On Investment Capital (ROIC_SIMPLE)
18.26% - - - - - 6.72% 15.10% 16.54% 17.18%
Earnings before Interest and Taxes (EBIT)
7.57 5.90 0.83 8.71 16 14 12 29 40 51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
10 15 6.88 16 24 20 20 38 52 69
Valuation Ratios
- - - - - - - - - -
Leverage & Solvency
- - - - - - - - - -
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 0.00 12 -4.67 41 -49 31 29 -22 -45
Efficiency Ratios
- - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
36 82 71 82 55 113 90 83 135 220
Increase / (Decrease) in Invested Capital
0.00 0.00 -11 10 -27 58 -23 -7.09 52 84
Book Value per Share
$1.38 $6.46 $6.11 $6.10 $6.78 $8.52 $9.11 $10.99 $13.62 $16.83
Tangible Book Value per Share
$1.38 $3.15 $3.02 $3.70 $4.53 $5.78 $6.56 $7.23 $7.03 $6.53
Total Capital
42 83 73 90 97 128 127 143 180 231
Total Debt
34 27 27 43 43 40 31 22 27 36
Total Long-Term Debt
31 21 24 39 37 30 22 20 24 31
Net Debt
27 26 25 35 0.79 25 -4.91 -38 -18 24
Capital Expenditures (CapEx)
2.32 3.23 3.68 2.50 1.32 0.32 0.50 1.83 5.99 1.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)
23 36 24 34 13 58 40 15 28 54
Debt-free Net Working Capital (DFNWC)
30 37 26 43 56 73 76 75 73 65
Net Working Capital (NWC)
27 31 23 39 49 63 67 72 69 60
Net Nonoperating Expense (NNE)
-1.10 0.40 2.59 7.42 8.45 3.20 1.70 0.87 -1.04 0.66
Net Nonoperating Obligations (NNO)
27 26 25 35 0.79 25 -5.03 -38 -18 24
Total Depreciation and Amortization (D&A)
2.63 9.30 6.06 7.68 8.33 6.23 8.30 8.32 12 18
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.18) ($0.13) ($0.52) ($0.23) $0.74 $0.67 $0.65 $1.93 $2.75 $3.37
Adjusted Weighted Average Basic Shares Outstanding
5.95M 7.47M 7.56M 7.66M 7.87M 10.01M 10.43M 10.77M 11.24M 11.58M
Adjusted Diluted Earnings per Share
($0.18) ($0.13) ($0.52) ($0.23) $0.72 $0.66 $0.64 $1.76 $2.57 $3.23
Adjusted Weighted Average Diluted Shares Outstanding
5.95M 7.47M 7.56M 7.66M 8.07M 10.23M 10.68M 11.81M 12.03M 12.08M
Adjusted Basic & Diluted Earnings per Share
($0.18) $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
1.85M 7.54M 7.60M 0.00 10.25M 10.42M 10.45M 11.13M 11.35M 11.68M
Normalized Net Operating Profit after Tax (NOPAT)
5.35 4.21 0.75 5.65 14 9.91 10 22 33 40
Debt Service Ratios
- - - - - - - - - -
Payout Ratios
- - - - - - - - - -

Quarterly Metrics And Ratios for Limbach

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding
- - - - - - - - - 11,626,814.00 11,679,391.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 11,626,814.00 11,679,391.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 1.06 0.38
Growth Metrics
- - - - - - - - - - -
Revenue Growth
4.42% -0.55% -1.68% -2.12% 4.82% 0.67% 11.88% 16.37% 37.83% - 4.32%
EBITDA Growth
50.78% 32.70% 58.52% 12.00% 13.07% 79.56% 23.60% 34.93% 39.32% - -52.23%
EBIT Growth
71.38% 36.22% 67.49% 4.09% 7.07% 91.74% 13.59% 33.35% 27.71% - -82.71%
NOPAT Growth
91.49% 24.99% 77.19% 6.82% 5.47% 79.57% 48.13% 31.33% 24.70% - -32.12%
Net Income Growth
97.53% 37.84% 153.46% 12.09% 4.06% 87.50% 34.64% 30.17% 17.42% - -57.12%
EPS Growth
79.41% 13.51% 137.04% 8.70% 1.64% 92.86% 32.81% 28.00% 17.74% - -57.65%
Operating Cash Flow Growth
65.71% 12.21% -142.11% -2.49% -71.26% 38.71% 156.82% -87.88% 170.15% - -448.51%
Free Cash Flow Firm Growth
305.65% -53.73% -114.01% -130.05% -207.54% -443.38% -805.55% -651.82% -290.63% - -96.26%
Invested Capital Growth
-19.51% -7.84% 12.92% 17.13% 45.34% 62.46% 51.44% 72.00% 104.40% - 58.01%
Revenue Q/Q Growth
2.31% 11.68% -16.62% 2.74% 9.56% 7.27% -7.34% 6.86% 29.77% - -25.69%
EBITDA Q/Q Growth
20.63% -20.03% 3.84% 11.79% 21.79% 27.00% -28.52% 22.04% 25.75% - -74.83%
EBIT Q/Q Growth
26.41% -29.82% 2.08% 14.95% 30.03% 25.67% -39.53% 34.93% 24.53% - -92.22%
NOPAT Q/Q Growth
29.84% -25.45% 28.92% -14.40% 28.20% 26.93% 6.35% -24.11% 21.72% - -44.95%
Net Income Q/Q Growth
35.19% -27.02% 44.52% -21.39% 25.51% 31.51% 3.78% -24.01% 13.22% - -64.39%
EPS Q/Q Growth
32.61% -31.15% 52.38% -21.88% 24.00% 30.65% 4.94% -24.71% 14.06% - -64.36%
Operating Cash Flow Q/Q Growth
1.43% -19.00% -128.36% 518.46% -70.10% 290.94% -88.38% -10.71% 566.12% - -127.76%
Free Cash Flow Firm Q/Q Growth
-3.40% -52.60% -136.47% -80.15% -245.67% -51.36% 3.93% -49.57% -79.60% - -11.41%
Invested Capital Q/Q Growth
-3.77% 6.13% 18.94% -3.59% 19.40% 18.64% 10.88% 9.50% 41.90% - 7.89%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
24.45% 23.34% 26.13% 27.41% 26.97% 30.33% 27.59% 28.00% 24.21% - 22.45%
EBITDA Margin
9.33% 6.68% 8.32% 9.05% 10.06% 11.91% 9.19% 10.49% 10.17% - 4.21%
Operating Margin
7.69% 5.08% 5.49% 6.70% 8.13% 9.06% 5.94% 7.48% 7.23% - 0.82%
EBIT Margin
7.84% 4.92% 6.03% 6.74% 8.00% 9.38% 6.12% 7.73% 7.42% - 1.01%
Profit (Net Income) Margin
5.63% 3.68% 6.38% 4.88% 5.59% 6.85% 7.67% 5.46% 4.76% - 3.15%
Tax Burden Percent
72.27% 73.02% 104.50% 71.34% 68.80% 73.06% 127.82% 72.11% 70.00% - 605.81%
Interest Burden Percent
99.40% 102.31% 101.21% 101.38% 101.47% 99.99% 98.09% 97.92% 91.71% - 51.31%
Effective Tax Rate
27.73% 26.98% -4.50% 28.66% 31.20% 26.94% -27.82% 27.89% 30.00% - -505.81%
Return on Invested Capital (ROIC)
32.66% 22.06% 31.58% 27.62% 30.08% 31.41% 32.49% 22.96% 17.59% - 16.66%
ROIC Less NNEP Spread (ROIC-NNEP)
32.08% 22.27% 27.57% 27.23% 30.10% 30.21% 31.95% 22.55% 12.89% - -0.03%
Return on Net Nonoperating Assets (RNNOA)
-4.80% -4.39% -4.65% -7.02% -7.48% -6.14% -4.17% -3.24% 0.94% - 0.00%
Return on Equity (ROE)
27.86% 17.67% 26.93% 20.60% 22.59% 25.27% 28.32% 19.72% 18.53% - 16.66%
Cash Return on Invested Capital (CROIC)
45.00% 33.06% 14.50% 12.71% -10.34% -20.31% -14.48% -26.18% -47.45% - -27.26%
Operating Return on Assets (OROA)
14.32% 8.49% 10.88% 12.08% 13.60% 14.82% 10.43% 13.21% 12.21% - 1.86%
Return on Assets (ROA)
10.29% 6.34% 11.51% 8.74% 9.49% 10.83% 13.07% 9.33% 7.84% - 5.77%
Return on Common Equity (ROCE)
27.86% 17.67% 26.93% 20.60% 22.59% 25.27% 28.32% 19.72% 18.53% - 16.66%
Return on Equity Simple (ROE_SIMPLE)
16.92% 0.00% 20.19% 19.55% 18.48% 0.00% 20.79% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)
7.10 5.30 6.83 5.84 7.49 9.51 10 7.67 9.34 12 6.86
NOPAT Margin
5.56% 3.71% 5.74% 4.78% 5.59% 6.62% 7.60% 5.40% 5.06% - 4.94%
Net Nonoperating Expense Percent (NNEP)
0.58% -0.22% 4.01% 0.39% -0.02% 1.20% 0.55% 0.40% 4.70% - 16.68%
Return On Investment Capital (ROIC_SIMPLE)
- 3.70% - - - 5.27% 5.37% 3.77% 3.84% 5.39% 2.71%
Cost of Revenue to Revenue
75.55% 76.66% 73.87% 72.59% 73.03% 69.67% 72.41% 72.00% 75.79% - 77.55%
SG&A Expenses to Revenue
16.41% 17.50% 19.23% 18.96% 17.73% 19.07% 19.92% 18.72% 15.35% - 20.25%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue
16.76% 18.26% 20.64% 20.71% 18.84% 21.27% 21.64% 20.52% 16.98% - 21.63%
Earnings before Interest and Taxes (EBIT)
10 7.03 7.17 8.24 11 13 8.15 11 14 18 1.41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
12 9.53 9.90 11 13 17 12 15 19 23 5.84
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.06 4.14 3.67 4.79 6.01 6.28 5.25 9.55 6.22 - 4.64
Price to Tangible Book Value (P/TBV)
4.16 6.29 5.42 6.80 9.69 12.17 9.54 16.33 18.72 - 11.65
Price to Revenue (P/Rev)
0.68 0.97 0.90 1.24 1.65 1.86 1.59 2.95 1.87 - 1.40
Price to Earnings (P/E)
18.08 24.11 18.19 24.50 32.50 31.23 25.24 46.13 30.85 - 27.43
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Earnings Yield
5.53% 4.15% 5.50% 4.08% 3.08% 3.20% 3.96% 2.17% 3.24% - 3.65%
Enterprise Value to Invested Capital (EV/IC)
3.99 5.55 4.39 6.27 7.24 6.99 5.56 9.87 5.06 - 4.02
Enterprise Value to Revenue (EV/Rev)
0.61 0.90 0.85 1.17 1.60 1.82 1.57 2.93 1.96 - 1.46
Enterprise Value to EBITDA (EV/EBITDA)
8.69 12.32 10.55 14.13 18.79 18.36 15.49 28.10 18.73 - 15.18
Enterprise Value to EBIT (EV/EBIT)
11.11 15.83 13.53 18.46 24.91 23.89 20.56 37.44 25.50 - 21.54
Enterprise Value to NOPAT (EV/NOPAT)
15.24 21.39 17.47 23.75 32.21 31.71 25.34 46.66 32.16 - 27.78
Enterprise Value to Operating Cash Flow (EV/OCF)
5.61 8.07 9.87 13.73 26.30 25.72 19.42 57.00 32.04 - 26.72
Enterprise Value to Free Cash Flow (EV/FCFF)
7.92 16.11 32.09 53.23 0.00 0.00 0.00 0.00 0.00 - 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.19 0.18 0.17 0.17 0.16 0.18 0.17 0.19 0.34 - 0.29
Long-Term Debt to Equity
0.17 0.16 0.15 0.15 0.14 0.15 0.15 0.17 0.31 - 0.26
Financial Leverage
-0.15 -0.20 -0.17 -0.26 -0.25 -0.20 -0.13 -0.14 0.07 - 0.08
Leverage Ratio
2.73 2.77 2.53 2.39 2.38 2.39 2.18 2.13 2.27 - 2.00
Compound Leverage Factor
2.72 2.83 2.57 2.43 2.41 2.39 2.14 2.09 2.08 - 1.02
Debt to Total Capital
16.10% 15.58% 14.85% 14.30% 13.99% 14.90% 14.40% 16.14% 25.31% - 22.39%
Short-Term Debt to Total Capital
1.82% 1.87% 1.72% 1.63% 1.59% 1.84% 1.82% 2.18% 2.16% - 1.94%
Long-Term Debt to Total Capital
14.29% 13.71% 13.13% 12.67% 12.40% 13.06% 12.59% 13.96% 23.15% - 20.45%
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%
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%
Common Equity to Total Capital
83.90% 84.42% 85.15% 85.70% 86.01% 85.10% 85.60% 83.86% 74.69% - 77.61%
Debt to EBITDA
0.61 0.59 0.53 0.52 0.53 0.52 0.50 0.57 0.98 - 0.90
Net Debt to EBITDA
-0.99 -1.00 -0.64 -0.88 -0.64 -0.35 -0.21 -0.11 0.82 - 0.65
Long-Term Debt to EBITDA
0.54 0.52 0.47 0.46 0.47 0.46 0.44 0.49 0.89 - 0.82
Debt to NOPAT
1.06 1.03 0.88 0.88 0.90 0.90 0.82 0.94 1.68 - 1.65
Net Debt to NOPAT
-1.73 -1.74 -1.06 -1.48 -1.10 -0.61 -0.34 -0.18 1.41 - 1.19
Long-Term Debt to NOPAT
0.94 0.91 0.78 0.78 0.80 0.79 0.72 0.82 1.53 - 1.51
Altman Z-Score
3.60 3.83 4.05 4.54 5.03 4.99 5.12 8.01 5.06 - 5.41
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.57 1.50 1.60 1.63 1.57 1.46 1.55 1.69 1.43 - 1.71
Quick Ratio
1.18 1.09 1.16 1.20 1.10 1.09 1.13 1.23 1.01 - 1.21
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
26 12 -4.51 -8.13 -28 -43 -41 -61 -110 -72 -80
Operating Cash Flow to CapEx
13,625.40% 2,891.06% -199.19% 506.57% 0.00% 1,984.47% 117.27% 840.76% 13,067.65% - -7,231.48%
Free Cash Flow to Firm to Interest Expense
59.80 28.74 -9.50 -18.82 -60.05 -86.10 -77.69 -108.56 -89.76 - -114.41
Operating Cash Flow to Interest Expense
39.29 32.26 -8.30 38.20 10.54 39.05 4.26 3.55 10.90 - -11.14
Operating Cash Flow Less CapEx to Interest Expense
39.00 31.15 -12.47 30.66 11.02 37.08 0.63 3.13 10.82 - -11.30
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.83 1.72 1.81 1.79 1.70 1.58 1.70 1.71 1.65 - 1.83
Accounts Receivable Turnover
4.82 4.65 5.26 5.55 5.06 4.77 5.16 5.26 4.96 - 5.64
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Fixed Asset Turnover
0.00 26.44 0.00 0.00 23.29 20.36 19.81 18.10 17.00 - 18.09
Accounts Payable Turnover
6.68 5.66 6.96 7.17 7.08 5.94 7.17 7.30 7.46 - 8.35
Days Sales Outstanding (DSO)
75.70 78.53 69.43 65.77 72.08 76.48 70.79 69.39 73.62 - 64.70
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Days Payable Outstanding (DPO)
54.66 64.53 52.44 50.90 51.53 61.44 50.90 50.01 48.95 - 43.69
Cash Conversion Cycle (CCC)
21.04 14.01 16.99 14.87 20.55 15.04 19.89 19.38 24.67 - 21.01
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
79 83 99 96 114 135 150 164 233 220 237
Invested Capital Turnover
5.88 5.94 5.50 5.78 5.38 4.74 4.28 4.25 3.48 - 3.37
Increase / (Decrease) in Invested Capital
-19 -7.09 11 14 36 52 51 69 119 84 87
Enterprise Value (EV)
314 463 435 599 826 946 834 1,622 1,181 - 952
Market Capitalization
349 500 461 637 854 964 845 1,629 1,129 - 912
Book Value per Share
$10.37 $10.99 $11.28 $11.89 $12.61 $13.62 $14.19 $14.67 $15.62 $16.83 $16.81
Tangible Book Value per Share
$7.62 $7.23 $7.65 $8.37 $7.82 $7.03 $7.80 $8.58 $5.19 $6.53 $6.70
Total Capital
136 143 147 155 165 180 188 203 243 231 253
Total Debt
22 22 22 22 23 27 27 33 62 36 57
Total Long-Term Debt
19 20 19 20 20 24 24 28 56 31 52
Net Debt
-36 -38 -26 -37 -28 -18 -11 -6.19 52 24 41
Capital Expenditures (CapEx)
0.13 0.48 1.98 3.26 -0.22 0.97 1.91 0.24 0.10 -0.32 0.11
Debt-free, Cash-free Net Working Capital (DFCFNWC)
23 15 29 26 30 28 38 51 61 54 68
Debt-free Net Working Capital (DFNWC)
80 75 78 85 82 73 76 90 71 65 84
Net Working Capital (NWC)
78 72 75 83 79 69 73 86 66 60 79
Net Nonoperating Expense (NNE)
-0.09 0.05 -0.76 -0.12 0.01 -0.33 -0.10 -0.09 0.55 0.17 2.48
Net Nonoperating Obligations (NNO)
-36 -38 -26 -37 -28 -18 -11 -6.19 52 24 41
Total Depreciation and Amortization (D&A)
1.90 2.50 2.72 2.82 2.75 3.64 4.08 3.93 5.08 5.09 4.43
Debt-free, Cash-free Net Working Capital to Revenue
4.39% 2.83% 5.69% 5.01% 5.86% 5.32% 7.14% 9.21% 10.10% - 10.49%
Debt-free Net Working Capital to Revenue
15.50% 14.43% 15.08% 16.66% 15.75% 14.00% 14.30% 16.27% 11.74% - 12.92%
Net Working Capital to Revenue
15.03% 13.92% 14.59% 16.16% 15.24% 13.36% 13.65% 15.47% 10.87% - 12.17%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.66 $0.48 $0.68 $0.53 $0.66 $0.88 $0.89 $0.67 $0.76 $1.05 $0.37
Adjusted Weighted Average Basic Shares Outstanding
10.96M 10.77M 11.16M 11.27M 11.27M 11.24M 11.42M 11.62M 11.63M 11.58M 11.76M
Adjusted Diluted Earnings per Share
$0.61 $0.42 $0.64 $0.50 $0.62 $0.81 $0.85 $0.64 $0.73 $1.01 $0.36
Adjusted Weighted Average Diluted Shares Outstanding
11.79M 11.81M 11.89M 11.97M 12.03M 12.03M 12.05M 12.11M 12.11M 12.08M 12.07M
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
11.00M 11.13M 11.18M 11.27M 11.27M 11.35M 11.62M 11.63M 11.63M 11.68M 11.92M
Normalized Net Operating Profit after Tax (NOPAT)
7.22 5.49 5.01 6.64 7.91 11 5.84 8.25 9.77 12 0.79
Normalized NOPAT Margin
5.65% 3.85% 4.21% 5.43% 5.91% 7.34% 4.38% 5.80% 5.29% - 0.57%
Pre Tax Income Margin
7.79% 5.04% 6.10% 6.84% 8.12% 9.38% 6.00% 7.57% 6.80% - 0.52%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
22.91 16.30 15.10 19.08 22.91 27.27 15.49 19.53 11.19 - 2.01
NOPAT to Interest Expense
16.25 12.29 14.37 13.53 16.01 19.25 19.22 13.63 7.64 - 9.79
EBIT Less CapEx to Interest Expense
22.62 15.19 10.93 11.54 23.38 25.30 11.86 19.10 11.11 - 1.86
NOPAT Less CapEx to Interest Expense
15.96 11.17 10.20 5.98 16.48 17.28 15.59 13.21 7.55 - 9.64
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%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for Limbach Holdings (LMB) based on the quarterly statements over the last four years. The company shows growth in revenue and improving margins in 2025, along with solid operating cash flow, but faces higher leverage from rising long‑term debt and some financing/investing outflows that affected near‑term liquidity.

  • Top‑line growth: Q4 2025 revenue reached 186.9 million, up from 143.5 million in Q4 2024, signaling stronger activity and project demand.
  • Gross margin improvement: Q4 2025 gross margin is ~25.7% (48.1 million gross profit on 186.9 million revenue), versus roughly 23% in Q4 2024.
  • Profitability uptick: Q4 2025 net income attributable to common shareholders was about 12.28 million, with basic EPS of 1.05 and diluted 1.01, marking an improvement year over year.
  • Healthy operating cash flow: Q4 2025 net cash from continuing operating activities about 28.13 million, supporting liquidity despite investing and financing activity.
  • Rising equity base: By Q4 2025, total equity stood around 181.56 million, reflecting retained earnings growth and a stronger capitalization base.
  • Liquidity fluctuations: Cash balances have varied across 2025 (e.g., roughly 9.8 million in Q3 2025 versus higher levels earlier in the year), indicating some variability in short‑term liquidity due to financing and investing needs.
  • Leverage trend: Long‑term debt rose to about 56.28 million by Q4 2025, signaling higher leverage and potential interest costs going forward.
  • Financing outflows: Net cash from financing activities was negative in Q4 2025 (about -26.92 million), reflecting debt repayments and net cash outflows from financing.
  • Acquisition‑driven cash outflows: Q3 2025 included sizable acquisitions (around -65.65 million), contributing to cash outflows and cash balance strain during that period.
  • Ongoing capex/investment activity: While Q4 2025 capex was modest (~0.25 million), substantial investing activity in some quarters (e.g., acquisitions) suggests ongoing needs for capital deployment and related cash flow considerations.
05/15/26 05:15 AM ETAI Generated. May Contain Errors.

Limbach Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Limbach's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Limbach's net income appears to be on an upward trend, with a most recent value of $39.06 million in 2025, rising from $8.74 million in 2015. The previous period was $30.88 million in 2024. Find out what analysts predict for Limbach in the coming months.

Limbach's total operating income in 2025 was $49.45 million, based on the following breakdown:
  • Total Gross Profit: $169.31 million
  • Total Operating Expenses: $119.86 million

Over the last 9 years, Limbach's total revenue changed from $331.35 million in 2015 to $646.80 million in 2025, a change of 95.2%.

Limbach's total liabilities were at $185.47 million at the end of 2025, a 6.6% decrease from 2024, and a 55.7% increase since 2015.

In the past 10 years, Limbach's cash and equivalents has ranged from $626 thousand in 2017 to $59.83 million in 2023, and is currently $11.35 million as of their latest financial filing in 2025.

Over the last 9 years, Limbach's book value per share changed from 1.38 in 2015 to 16.83 in 2025, a change of 1,119.4%.



Financial statements for NASDAQ:LMB last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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