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Limbach Holdings, Inc.

LMB NASDAQ Categories PDF
Industrials · Engineering & Construction · United States · Updated May 11, 1:52pm
$76.06
Price
$906.8M
Market Cap
1,400
Employees
1.53
Beta
Michael McCann
CEO
Business Description

Limbach Holdings, Inc. operates as an integrated building systems solutions company in the United States. It operates in two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the design, prefabrication, installation, management, and maintenance of mechanical, electrical, plumbing, and control systems, as well as heating, ventilation, air-conditioning (HVAC) system. Its facility services comprise mechanical construction, HVAC service and maintenance, energy audits and retrofits, engineering and design build, constructability evaluation, equipment and materials selection, offsite/prefabrication construction, and sustainable building solutions and practices. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers and K-12 facilities; sports arenas; entertainment facilities, and amusement rides; passenger terminals and maintenance facilities for rail and airports; government facilities comprising federal, state, and local agencies; hotels and resorts; office building and other commercial structures; data centers; and industrial manufacturing facilities. The company was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania.

Business History
Price Overview
Last updated: May 11, 2026 1:52pm (just now)
$76.06
+4.32 (+6.03%)
Day Range
$71.39 – $76.43
52-Week Range
$65.08 – $154.05
50-Day MA
$85.43
200-Day MA
$91.34
Volume
221,227.22
Analyst Price Targets
Low $104.00
Consensus $104.00
High $104.00
(3 analysts)
Share Structure
Outstanding 11,921,066.00
Float 11,117,706.00
Free Float 93.3%
High free float — 93.3% of shares trade freely, ~6.7% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
API
Stock Price / EPS (Diluted)
26.92
Stock Price: $76.06
EPS (Diluted): 4.18
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
4.63
Stock Price: $76.06
Total Equity: $195.66M
Shares: 12,107,480
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
15.36
Market Cap: $906.77M
Total Debt: $19.06M
Cash: $11.35M
EBITDA: $69.90M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$949.7M
Market Cap: $906.77M
Total Debt: $19.06M
Cash: $11.35M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
26.2%
Gross Profit: $169.31M
Revenue: $646.80M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
7.6%
Operating Income: $49.45M
Revenue: $646.80M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
7.5%
Net Income: $48.63M
Revenue: $646.80M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
17.9%
Net Income: $48.63M
Total Equity: $195.66M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
12.5%
Operating Income: $49.45M
Tax Rate: 0.0%
Equity: $195.66M
Total Debt: $19.06M
Cash: $11.35M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.44
Current Assets: $195.05M
Current Liabilities: $135.09M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.10
Short-Term Debt: $9.41M
Long-Term Debt: $9.65M
Total Debt: $19.06M
Total Equity: $195.66M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$53.42
Revenue: $646.80M
Shares: 12,107,480
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$16.16
Total Equity: $195.66M
Shares: 12,107,480
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$3.46
Operating CF: $45.70M
CapEx: -$3.81M
Shares: 12,107,480
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $76.06
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $48.63M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares LMB against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $490.4M $496.8M $516.4M $518.8M $646.8M
Cost of Revenue $404.4M $403.0M $397.1M $374.5M $477.5M
Gross Profit $85.9M $93.7M $119.3M $144.3M $169.3M
Operating Expenses $71.9M $81.7M $90.0M $105.7M $119.9M
Operating Income $14.0M $12.0M $29.3M $38.6M $49.5M
Net Income $6.7M $6.8M $20.8M $30.9M $48.6M
EBITDA $18.0M $19.9M $38.4M $53.7M $69.9M
EPS $0.67 $0.65 $1.93 $2.75 $4.18
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $14.5M $36.0M $59.8M $44.9M $11.3M
Total Current Assets $192.9M $226.0M $217.0M $220.3M $195.0M
Total Assets $267.5M $294.6M $304.4M $352.1M $381.1M
Current Liabilities $129.7M $159.1M $145.1M $151.0M $135.1M
Long-Term Debt $29.8M $21.5M $9.6M $9.6M $9.6M
Total Liabilities $179.7M $199.1M $183.5M $198.6M $185.5M
Total Equity $87.8M $95.4M $120.9M $153.5M $195.7M
Retained Earnings $2.8M $9.6M $30.4M $61.3M $100.3M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow -$24.2M $35.4M $57.4M $36.8M $45.7M
Capital Expenditure $-791,000 $-993,000 -$2.3M -$7.5M -$3.8M
Free Cash Flow -$25.0M $34.4M $55.1M $29.3M $41.9M
Acquisitions (net) -$19.0M $0 -$14.8M -$35.1M $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 -$2.0M $0 $0 $0
Net Change in Cash -$27.7M $21.5M $23.8M -$14.9M -$33.6M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $657.5M
$651.8M – $663.2M
 $743.3M
$732.4M – $751.0M
 $786.1M
$767.1M – $812.0M
 $841.2M
$825.6M – $860.3M
EBITDA $47.7M
$47.3M – $48.1M
 $53.9M
$53.1M – $54.5M
 $57.0M
$55.7M – $58.9M
 $61.0M
$59.9M – $62.4M
Net Income $50.1M
$49.0M – $51.1M
 $60.3M
$55.4M – $65.3M
 $62.0M
$55.6M – $68.3M
 $63.9M
$61.8M – $65.2M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +1.3% +3.9% +0.5% +24.7%
Gross Profit Growth +9.1% +27.3% +20.9% +17.4%
Operating Income Growth -14.2% +143.8% +31.9% +28.0%
Net Income Growth +1.3% +205.3% +48.8% +57.5%
EBITDA Growth +10.7% +92.8% +39.9% +30.1%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-04-30 Brooks Jayme L. S-Sale 3,440.00 $100.00 $344,000
2026-04-24 Brooks Jayme L. S-Sale 2,173.00 $100.05 $217,412
2026-04-13 Brooks Jayme L. S-Sale 5,703.00 $85.43 $487,190
2026-04-08 Brooks Jayme L. S-Sale 3,366.00 $85.19 $286,764
2026-04-09 Brooks Jayme L. S-Sale 841.00 $85.11 $71,578
2026-03-17 Brooks Jayme L. S-Sale 2,637.00 $77.10 $203,325
2026-03-17 Brooks Jayme L. S-Sale 4,167.00 $78.07 $325,319
2026-03-17 Brooks Jayme L. S-Sale 460.00 $78.80 $36,250
2026-03-17 Brooks Jayme L. S-Sale 1,546.00 $80.28 $124,114
2026-03-17 Brooks Jayme L. S-Sale 1,100.00 $81.40 $89,543
2026-03-16 Sharp Jay S-Sale 491.00 $78.61 $38,599
2026-03-16 Sharp Jay S-Sale 709.00 $79.52 $56,380
2026-03-16 Sharp Jay S-Sale 300.00 $80.55 $24,165
2026-03-16 Sharp Jay S-Sale 500.00 $81.66 $40,828
2026-03-16 Sharp Jay G-Gift 700.00 $0.00 $0
2026-03-02 Sharp Jay A-Award 28,747.00 $0.00 $0
2026-03-02 Sharp Jay F-InKind 12,359.00 $89.17 $1.1M
2026-03-02 Brooks Jayme L. A-Award 40,835.00 $0.00 $0
2026-03-02 Brooks Jayme L. F-InKind 16,070.00 $89.17 $1.4M
2026-03-02 McCann Michael M A-Award 52,008.00 $0.00 $0
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27