Company Analysis

Limbach Holdings, Inc. (LMB)

Nasdaq: LMB · Construction - Special Trade Contractors · Warrendale, PA · filing with the SEC since 2014
Grade6.1
◀ Past 4.9● Present 6.6▶ Future 7.3

The grade of Limbach Holdings, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.1/10
◀ Past4.940% of the headline
● Present6.635% of the headline
▶ Future7.325% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.9/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.7/10

Has it survived what it has been through?

4 warning events since 2017; the latest 2019-03-29.

weight 33% of this tense · 37th percentile among 19 sector filers · read for itself

From the record

Limbach Holdings, Inc.'s filings since 2017 show 4 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2017-09-01); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2019-03-29) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.1/10

What has it actually done, year after year?

+3.6% a year over 9 filed years; profitable in 7 of 9.

weight 45% of this tense · 61st percentile among 19 sector filers · read for its customers

From the record

Limbach Holdings, Inc.'s 9 filed years say what it did: revenue went from $486 million in fiscal 2017 to $647 million in fiscal 2025, up 3.6% a year; it rose in 7 of 8 years; the deepest fall was 14% from fiscal 2020 to fiscal 2021; net income was positive in 7 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span3.6%bottom 29% of its family
  • the share of years revenue rosetop 21% of its family
  • the share of filed years with a profittop 24% of its family
  • the deepest fall from a revenue peak13.7%top 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.3/10

How has it treated the people who own it?

Share count grew 4.2% a year. 0% of cash flow returned. Insiders: 23 sales, 7 purchases.

weight 22% of this tense · 43rd percentile among 8 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Limbach Holdings, Inc.'s diluted share count grew about 4.2% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 23 sales (23 under scheduled 10b5-1 plans) and 7 purchases of their own stock on the open market in the year to 2026-09-30, buying about $516 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 43% of its family
  • cash returned against operating cash flowbottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.6/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
8.3/10

Is it financially healthy right now?

ROE 20%: 20¢ of profit per shareholder dollar. Leverage 49%: owes 49¢ per asset dollar.

weight 33% of this tense · 83rd percentile among 19 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Limbach Holdings, Inc. earned about 20 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 44 cents per dollar of everything the company owns. Leverage: it owed about 49 cents per dollar of assets, and net share issuance: its share count grew 0.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 18% of its family
  • return on equitytop 9% of its family
  • gross profit against assetstop 25% of its family
  • the share count against the year beforetop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.5/10

How strong is its position in its industry?

top 35% of 19 in its family; net margin 6%.

weight 45% of this tense · 65th percentile among 19 sector filers · read for its customers

From the record

Limbach Holdings, Inc.'s standing among 19 graded names in its industry family: revenue of $647 million in fiscal 2025 ranks in the top 32% by size; a net margin of 6% ranks in the top 13%; revenue growth of 9.2% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).

What it rests on

  • revenue against the family$647Mtop 32% of its family
  • net margin6.0%top 13% of its family
  • three-year revenue growth9.2%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
4.3/10

What are the people in charge doing?

bottom 43% of 6 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 43rd percentile among 6 sector filers · read for its shareholders

From the record

Limbach Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Mccann, Michael M (Chief Executive Officer, as filed), filing under that title since 2023-08-23, 3.2 years (top 50% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 5.2 years (bottom 10%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 31%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 11 peopletop 31% of its family
  • the median years the people in charge have filed5.2 yearsbottom 10% of its family
  • the chief executive's years on the record3.2 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

7.3/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.8/10

How much room does it have to grow?

top 32% of 19 in its family for room to expand.

weight 33% of this tense · 68th percentile among 19 sector filers · read for itself

From the record

Limbach Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $11 million against debt of $31 million leaves -5% of its assets as net cash, top 47% of its family; cash from operations less capital spending is 6.5% of revenue (top 18%); a gross margin of 26.2% (top 31%) (its annual report).

What it rests on

  • cash less debt against assets-5.0%top 47% of its family
  • cash from operations less capital spending against revenue6.5%top 18% of its family
  • gross margin26.2%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.6/10

What could actually drive growth from here?

top 24% of 19 in its family for growth drivers.

weight 33% of this tense · 76th percentile among 19 sector filers · read for its customers

From the record

Limbach Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 9.2% a year over the last three filed years against 3.6% over all 9, speeding up (top 24% of its family); the newest year grew 24.7% (top 24%); capital spending grew 56.5% a year (top 25%) (its annual reports). Limbach Holdings, Inc. reported 2 lines of business in fiscal 2025: Owner Direct Relationships at $486 million, General Contractor Construction Manager Relationships at $161 million. 1 of 2 grew in the latest filed year, and the largest line is 75% of revenue (its annual report).

What it rests on

  • three-year growth against the whole span+5.5 points a yeartop 24% of its family
  • the newest year's revenue growth24.7%top 24% of its family
  • three-year growth of capital spending56.5%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.4/10

Did its newest year beat what its own record pointed to?

top 26% of 15 in its family for expectations against reality.

weight 33% of this tense · 74th percentile among 15 sector filers · read for its shareholders

From the record

Limbach Holdings, Inc.'s newest year against its own record: revenue of $647 million in fiscal 2025 came in 22% above the $530 million its prior three years' pace pointed to (top 17% of its family); net income of $39 million against a prior three-year average of $19 million (top 17%); a net margin of 6% against 3.8% before (top 43%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace22.0%top 17% of its family
  • net income against the prior three years' average+101%top 17% of its family
  • net margin against its prior average+2.3 pointstop 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton LMB · research, not advice