📊 LMB Key Takeaways
Is LMB a Good Investment? Thesis Analysis
Limbach Holdings demonstrates exceptional fundamental strength with 24.7% revenue growth coupled with 26.5% net income growth, indicating robust operating leverage and improving profitability. The company maintains a fortress balance sheet with 0.16x debt/equity, 24.2x interest coverage, and generates $41.9M in free cash flow annually, positioning it well for economic resilience and growth investment.
Why Buy LMB? Key Strengths
- Strong revenue and earnings growth with net income outpacing revenue growth, indicating operational leverage improvement
- Exceptional returns on capital: 20% ROE and 10.2% ROA demonstrate efficient capital deployment
- Conservative balance sheet with low leverage (0.16x D/E) and exceptional interest coverage (24.2x), minimizing financial distress risk
- Robust cash flow generation with $41.9M free cash flow and 6.5% FCF margin despite minimal capital requirements
- Asset-light business model with only $3.8M CapEx on $646.8M revenue, typical of profitable special trades contractors
LMB Investment Risks to Consider
- Tight cash position of $11.3M relative to annual revenue limits financial flexibility for acquisitions, downturns, or opportunities
- Construction and special trades sector is cyclical and highly sensitive to economic contractions and interest rate changes
- Gross margin of 26.2% is moderate and vulnerable to labor cost inflation, supply chain disruptions, and pricing competition in the construction market
Key Metrics to Watch
- Revenue growth sustainability and management's ability to maintain 20%+ growth trajectory
- Operating margin expansion (currently 7.6%) as revenue scales
- Free cash flow conversion and cash balance accumulation for financial flexibility
- Gross margin trends amid inflationary pressures in labor and materials costs
- Debt levels and leverage ratios during economic slowdown or sector downturn
LMB Financial Metrics
💡 AI Analyst Insight
Limbach Holdings, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
LMB Profitability Ratios
LMB vs Industrial Sector
How Limbach Holdings, Inc. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is LMB Overvalued or Undervalued?
Based on fundamental analysis, Limbach Holdings, Inc. has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
LMB Balance Sheet & Liquidity
LMB 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: Limbach Holdings, Inc.'s revenue has grown significantly by 14% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.76 reflects profitable operations.
LMB Growth Metrics (YoY)
LMB Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $133.9M | $6.0M | $0.62 |
| Q2 2025 | $122.2M | $6.0M | $0.50 |
| Q1 2025 | $119.0M | $7.6M | $0.64 |
| Q3 2024 | $127.8M | $3.0M | $0.61 |
| Q2 2024 | $122.2M | $3.0M | $0.46 |
| Q1 2024 | $119.0M | $3.0M | $0.27 |
| Q3 2023 | $122.4M | $866.0K | $0.28 |
| Q2 2023 | $116.1M | -$650.0K | $-0.06 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
LMB Capital Allocation
LMB SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for Limbach Holdings, Inc. (CIK: 0001606163)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Apr 10, 2026 | 4 | xslF345X06/wk-form4_1775856634.xml | View → |
| Mar 18, 2026 | 4 | xslF345X06/wk-form4_1773870610.xml | View → |
| Mar 18, 2026 | 4 | xslF345X06/wk-form4_1773870604.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772662465.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772662459.xml | View → |
❓ Frequently Asked Questions about LMB
What is the AI rating for LMB?
Limbach Holdings, Inc. (LMB) has an AI rating of BUY with 82% confidence, based on fundamental analysis of SEC EDGAR filings.
What are LMB's key strengths?
Claude: Strong revenue and earnings growth with net income outpacing revenue growth, indicating operational leverage improvement. Exceptional returns on capital: 20% ROE and 10.2% ROA demonstrate efficient capital deployment.
What are the risks of investing in LMB?
Claude: Tight cash position of $11.3M relative to annual revenue limits financial flexibility for acquisitions, downturns, or opportunities. Construction and special trades sector is cyclical and highly sensitive to economic contractions and interest rate changes.
What is LMB's revenue and growth?
Limbach Holdings, Inc. reported revenue of $646.8M.
Does LMB pay dividends?
Limbach Holdings, Inc. does not currently pay dividends.
Where can I find LMB SEC filings?
Official SEC filings for Limbach Holdings, Inc. (CIK: 0001606163) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is LMB's EPS?
Limbach Holdings, Inc. has a diluted EPS of $3.23.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is LMB a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Limbach Holdings, Inc. has a BUY rating with 82% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.
Is LMB stock overvalued or undervalued?
Valuation metrics for LMB: ROE of 20.0% (sector avg: 15%), net margin of 6.0% (sector avg: 10%). Higher ROE suggests strong returns relative to peers.
Should I buy LMB stock in 2026?
Our dual AI analysis gives Limbach Holdings, Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is LMB's free cash flow?
Limbach Holdings, Inc.'s operating cash flow is $45.7M, with capital expenditures of $3.8M. FCF margin is 6.5%.
How does LMB compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 6.0% (avg: 10%), ROE 20.0% (avg: 15%), current ratio 1.44 (avg: 1.8).