Limbach Holdings Inc (LMB) financials
Limbach revenue and earnings by year
Limbach's revenue was $647 million in the fiscal year to December 31, 2025, up 24.7% from the year before. Net income was $39.1 million, 6.0% of revenue. Since the fiscal year to December 31, 2017, revenue has grown 3.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 9 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 647 | 519 | 516 | 497 | 490 | 568 | 553 | 547 | 486 |
| Revenue growth | 24.7% | 0.5% | 3.9% | 1.3% | -13.7% | 2.7% | 1.2% | 12.5% | — |
| Gross profit | 169 | 144 | 119 | 94 | 86 | 81 | 72 | 59 | 66 |
| Gross margin | 26.2% | 27.8% | 23.1% | 18.9% | 17.5% | 14.3% | 13.0% | 10.9% | 13.5% |
| Operating income | 49 | 39 | 29 | 14 | 14 | 17 | 8 | 1 | 6 |
| Operating margin | 7.6% | 7.4% | 5.7% | 2.9% | 2.9% | 3.0% | 1.5% | 0.2% | 1.2% |
| Net income | 39 | 31 | 21 | 7 | 7 | 6 | -2 | -2 | 1 |
| Net margin | 6.0% | 6.0% | 4.0% | 1.4% | 1.4% | 1.0% | -0.3% | -0.3% | 0.1% |
| Diluted EPS | $3.23 | $2.57 | $1.76 | $0.64 | $0.66 | $0.72 | -$0.23 | -$0.52 | -$0.13 |
| Free cash flow | 44 | 31 | 56 | 35 | -25 | 38 | -3 | 22 | -7 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open LMB in Markets.
How Limbach makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Owner Direct Relationships | $128M | 74.0% |
| General Contractor Construction Manager Relationships | $45.0M | 26.0% |
See also: LMB valuation and P/E history · LMB returns
No forecast, no recommendation. This page describes Limbach Holdings Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.