Limbach Holdings (LMB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Limbach Holdings

NasdaqCM•Industrials•Building Products & Equipment

$50.05-2.51(-0.05%)After hours

Market Cap

$626.57M

P/E

20.7x

P/S

0.9x

P/B

3.1x

Limbach Holdings, Inc. operates as a building systems solution company in the United States. The company operates through two segments, Owner Direct Relationships and General Contractor Relationships. It engages in the construction or renovation projects that involve primarily include mechanical, electrical, plumbing, and controls services (MEPC). It also provides professional and consultative services; inspection, troubleshooting, repair, and services; system and/or facility assessments; turnkey rental equipment solutions; MEPC infrastructure solutions; and customized solutions. The company serves research, acute care, and inpatient hospitals; public and private colleges, universities, research centers; entertainment facilities, and amusement rides and parks; data centers; automotive, energy and general manufacturing plants; and life sciences, including organizations and companies, whose work is centered around research and development focused on living things. In addition, it also operates as a mission-critical program management and consulting firm, specializes in the planning, management, and delivery of complex data center infrastructure projects. Limbach Holdings, Inc. was founded in 1901 and is headquartered in Tampa, Florida.

How this company scores

GoodMetricSide Score: 69/100

Strongest: Cash & Earnings Quality (24/25); weakest: Profitability (13/25).

Profitability13/25

Growth16/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.7x5y range 7.2x – 46.1x

Currently near its 20-quarter median.

P/S · 0.9x5y range 0.1x – 2.9x

Currently near its 20-quarter median.

P/B · 3.1x5y range 0.6x – 9.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 29.4% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $626.57M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $683.77M
Q. Revenue: $173.46M
TTM EBITDA: $58.15M
TTM Op. Income: $39.29M
Q. Op. Income: $7.25M
TTM Net Income: $30.21M
Q. Net Income: $4.75M
EPS: $0.4
Shares Out.: $11.92M

$683.77M in TTM revenue grew 23.7% YoY, reaching $173.46M last quarter. TTM EBITDA of $58.15M and TTM operating income of $39.29M show growth is flowing through to the bottom line. TTM net income of $30.21M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 21.5%
EBITDA Margin: 6.7%
Op. Margin: 4.2%
Net Margin: 2.7%

Op. margin of 4.2% is down 3.3% YoY — costs are rising relative to revenue. Net margin at 2.7% and gross margin of 21.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 44% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.7x
P/S Ratio: 0.9x
P/B Ratio: 3.1x

At 20.7x P/E, the stock trades within typical market levels. P/S of 0.9x and P/B of 3.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 55% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $404.01M
Cash: $17.53M
Long-Term Debt: $35.84M
Book Value: $203.15M
D/E Ratio: 0.2
Debt/EBITDA: 3.1

With $404.01M in assets and $35.84M in long-term debt, D/E is 0.2and book value is $203.15M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 6% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $18.74M
TTM Free Cash Flow: $50.61M
FCF Margin: 7.4%
FCF / Net Income: 1.7

TTM FCF of $50.61M on $18.74M in operating cash flow. The FCF / Net Income ratio of 1.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 114% — an improving trend.