Limbach Holdings, Inc. LMB

Industrials SIC 1700 - Construction - Special Trade Contractors NAICS Construction › Specialty Trade Contractors derived Nasdaq

Limbach Holdings, Inc. (the "Company," "we" or "our"), a Delaware corporation headquartered in Warrendale, Pennsylvania, is a building systems solutions firm that designs, delivers, and maintains mechanical (heating, ventilation, and air conditioning), electrical, plumbing, and controls ("MEPC") systems. The Company partners with building owners and operators of mission-critical facilities across healthcare, industrial and manufacturing, data centers, life sciences, higher education, and cultural and entertainment markets. With approximately 1,500 team members across 21 offices throughout the Eastern and Midwestern regions of the United States, the Company strives to be an indispensable partner by combining its national capabilities with strong local execution and talent to deliver proactive, safe, and reliable solutions for complex facilities. Operating on a connected platform, the Company integrates engineering expertise with field execution to provide customized MEPC infrastructure solutions that address both operational and capital project needs, optimizing performance, enhancing reliability, and ensuring long-term safety.

Last close 47.57 2026-10-23
Market cap $567.3M 2026-06-30 share count
52-week range 40.74 - 114.95

Valuation FY2025 figures against the last close

P/S0.9x
P/E14.7x
P/FCF13.5x
EV/EBITDA8.3x
Dividend yield—
Diluted EPS3.23

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $646.8M$518.8M$516.4M$496.8M$490.4M$568.2M$553.3M$546.5M$485.7M—
Cost of revenue $477.5M$374.5M$397.1M$403.0M$404.4M$486.8M$481.5M$487.1M$420.1M—
Gross profit $169.3M$144.3M$119.3M$93.7M$85.9M$81.4M$71.9M$59.4M$65.6M—
SG&A $109.5M$97.2M$87.4M$77.9M$71.4M$63.6M$63.2M$57.1M$56.0M—
Total operating expenses $119.9M$105.7M$90.0M$81.7M$71.9M$64.2M$63.8M$58.4M$59.6M—
Operating income $49.5M$38.6M$29.3M$12.0M$14.0M$17.2M$8.1M$1.1M$6.0M—
Interest expense $3.1M$1.9M$2.0M$2.1M$2.6M$8.6M$6.3M$3.3M$2.0M—
Pre-tax income $48.6M$40.0M$28.1M$9.6M$9.5M$7.0M-$2.1M-$2.5M$3.9M—
Income tax $9.6M$9.1M$7.3M$2.8M$2.8M$1.2M$282.0K$635.0K$3.2M—
Net income $39.1M$30.9M$20.8M$6.8M$6.7M$5.8M-$1.8M-$1.8M$712.0K—
EPS, basic 3.372.751.930.650.670.74-0.23-0.52-0.13—
EPS, diluted 3.232.571.760.640.660.72-0.23-0.52-0.13—
Shares, diluted (wtd. avg.) 12.1M12.0M11.8M10.7M10.2M8.1M7.7M7.6M7.5M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $11.3M$44.9M$59.9M$36.1M$14.6M$42.3M$8.5M$1.7M$739.0K$7.4M
Receivables $133.2M$119.7M$97.8M$124.4M$89.3M$85.8M$105.1M$105.1M$129.3M$114.0M
Total current assets $195.0M$220.3M$217.0M$226.0M$192.9M$199.4M$195.4M$205.0M$166.3M$155.2M
Property, plant and equipment ———————$20.5M$17.9M$18.5M
Goodwill $70.6M$33.0M$16.4M$11.4M$11.4M$6.1M$6.1M$10.5M$10.5M$10.5M
Other intangibles $49.2M$41.2M$25.0M$15.3M$16.9M$11.7M$12.3M$13.0M$14.2M$17.8M
Total assets $381.1M$352.1M$304.4M$294.6M$267.5M$262.2M$261.6M$253.6M$213.0M$206.9M
Accounts payable $74.2M$60.8M$65.3M$75.1M$63.8M$66.8M$86.3M$74.4M$67.4M$57.0M
Short-term debt $5.0M$3.3M$2.7M$9.6M$9.9M$6.5M$4.4M$3.1M$6.4M$4.5M
Total current liabilities $135.1M$151.0M$145.1M$159.1M$129.7M$150.3M$156.9M$182.1M$135.5M$126.7M
Long-term debt ————$29.8M$36.5M$38.9M$23.6M$20.6M$21.5M
Total liabilities $185.5M$198.6M$183.5M$199.1M$179.7M$208.4M$214.7M$207.3M$156.9M$149.1M
Retained earnings $100.3M$61.3M$30.4M$9.6M$2.8M-$3.9M-$9.7M-$8.4M-$6.6M-$7.7M
Total equity $195.7M$153.5M$120.9M$95.4M$87.8M$53.7M$46.9M$46.4M$48.2M$47.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $45.7M$36.8M$57.4M$35.4M-$24.2M$39.8M-$926.0K$25.3M-$4.1M—
Depreciation and amortisation $18.1M$11.9M$8.2M$8.2M$5.9M$6.2M$6.3M$5.7M$9.1M—
Stock-based compensation $7.0M$5.8M$4.9M$2.7M$2.6M$1.1M$1.8M$2.2M$1.7M—
Capital expenditure $3.8M$7.5M$2.3M$993.0K$791.0K$1.5M$2.7M$3.9M$3.3M—
Investing cash flow -$67.6M-$42.6M-$17.1M-$495.0K-$19.3M-$1.3M-$2.5M-$3.7M-$3.2M—
Financing cash flow -$11.7M-$9.1M-$16.5M-$13.4M$15.9M-$4.7M$10.1M-$20.6M$519.0K—
Buybacks —$0$0$2.0M$0—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-026892.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2017: 485.7M Gross profit, FY2017: 65.6M Net income, FY2017: 712K Revenue, FY2018: 546.5M Gross profit, FY2018: 59.4M Net income, FY2018: -1.8M Revenue, FY2019: 553.3M Gross profit, FY2019: 71.9M Net income, FY2019: -1.8M Revenue, FY2020: 568.2M Gross profit, FY2020: 81.4M Net income, FY2020: 5.8M Revenue, FY2021: 490.4M Gross profit, FY2021: 85.9M Net income, FY2021: 6.7M Revenue, FY2022: 496.8M Gross profit, FY2022: 93.7M Net income, FY2022: 6.8M Revenue, FY2023: 516.4M Gross profit, FY2023: 119.3M Net income, FY2023: 20.8M Revenue, FY2024: 518.8M Gross profit, FY2024: 144.3M Net income, FY2024: 30.9M Revenue, FY2025: 646.8M Gross profit, FY2025: 169.3M Net income, FY2025: 39.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $485.7M $546.5M $553.3M $568.2M $490.4M $496.8M $516.4M $518.8M $646.8M
Gross profit — $65.6M $59.4M $71.9M $81.4M $85.9M $93.7M $119.3M $144.3M $169.3M
Net income — $712.0K -$1.8M -$1.8M $5.8M $6.7M $6.8M $20.8M $30.9M $39.1M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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