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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.

Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $172.2M, roughly 1.1× Acadian Asset Management Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs 6.6%, a 13.6% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs 25.3%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.

AAMI vs LMB — Head-to-Head

Bigger by revenue
LMB
LMB
1.1× larger
LMB
$186.9M
$172.2M
AAMI
Growing faster (revenue YoY)
LMB
LMB
+27.5% gap
LMB
30.1%
2.6%
AAMI
Higher net margin
AAMI
AAMI
13.6% more per $
AAMI
20.2%
6.6%
LMB
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
25.3%
LMB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
LMB
LMB
Revenue
$172.2M
$186.9M
Net Profit
$34.7M
$12.3M
Gross Margin
25.7%
Operating Margin
33.3%
9.4%
Net Margin
20.2%
6.6%
Revenue YoY
2.6%
30.1%
Net Profit YoY
-18.4%
25.0%
EPS (diluted)
$0.97
$1.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
LMB
LMB
Q4 25
$172.2M
$186.9M
Q3 25
$144.2M
$184.6M
Q2 25
$127.4M
$142.2M
Q1 25
$119.9M
$133.1M
Q4 24
$167.8M
$143.7M
Q3 24
$123.1M
$133.9M
Q2 24
$109.0M
$122.2M
Q1 24
$105.7M
$119.0M
Net Profit
AAMI
AAMI
LMB
LMB
Q4 25
$34.7M
$12.3M
Q3 25
$15.1M
$8.8M
Q2 25
$10.1M
$7.8M
Q1 25
$20.1M
$10.2M
Q4 24
$42.5M
$9.8M
Q3 24
$16.9M
$7.5M
Q2 24
$11.0M
$6.0M
Q1 24
$14.6M
$7.6M
Gross Margin
AAMI
AAMI
LMB
LMB
Q4 25
25.7%
Q3 25
24.2%
Q2 25
28.0%
Q1 25
27.6%
Q4 24
30.3%
Q3 24
27.0%
Q2 24
27.4%
Q1 24
26.1%
Operating Margin
AAMI
AAMI
LMB
LMB
Q4 25
33.3%
9.4%
Q3 25
18.4%
7.2%
Q2 25
12.7%
7.5%
Q1 25
26.6%
5.9%
Q4 24
38.7%
9.1%
Q3 24
21.9%
8.1%
Q2 24
18.9%
6.7%
Q1 24
21.7%
5.5%
Net Margin
AAMI
AAMI
LMB
LMB
Q4 25
20.2%
6.6%
Q3 25
10.5%
4.8%
Q2 25
7.9%
5.5%
Q1 25
16.8%
7.7%
Q4 24
25.3%
6.9%
Q3 24
13.7%
5.6%
Q2 24
10.1%
4.9%
Q1 24
13.8%
6.4%
EPS (diluted)
AAMI
AAMI
LMB
LMB
Q4 25
$0.97
$1.01
Q3 25
$0.42
$0.73
Q2 25
$0.28
$0.64
Q1 25
$0.54
$0.85
Q4 24
$1.11
$0.81
Q3 24
$0.45
$0.62
Q2 24
$0.29
$0.50
Q1 24
$0.37
$0.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
LMB
LMB
Cash + ST InvestmentsLiquidity on hand
$11.3M
Total DebtLower is stronger
$200.0M
$30.5M
Stockholders' EquityBook value
$195.7M
Total Assets
$677.0M
$381.1M
Debt / EquityLower = less leverage
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
LMB
LMB
Q4 25
$11.3M
Q3 25
$9.8M
Q2 25
$38.9M
Q1 25
$38.1M
Q4 24
$44.9M
Q3 24
$51.2M
Q2 24
$59.5M
Q1 24
$48.2M
Total Debt
AAMI
AAMI
LMB
LMB
Q4 25
$200.0M
$30.5M
Q3 25
$56.3M
Q2 25
$28.4M
Q1 25
$23.7M
Q4 24
$275.0M
$23.6M
Q3 24
$20.5M
Q2 24
$19.7M
Q1 24
$19.4M
Stockholders' Equity
AAMI
AAMI
LMB
LMB
Q4 25
$195.7M
Q3 25
$181.6M
Q2 25
$170.5M
Q1 25
$161.1M
Q4 24
$153.5M
Q3 24
$142.2M
Q2 24
$133.0M
Q1 24
$125.5M
Total Assets
AAMI
AAMI
LMB
LMB
Q4 25
$677.0M
$381.1M
Q3 25
$751.4M
$409.1M
Q2 25
$672.3M
$343.0M
Q1 25
$677.3M
$336.4M
Q4 24
$703.2M
$352.1M
Q3 24
$555.2M
$324.4M
Q2 24
$533.1M
$303.9M
Q1 24
$544.9M
$289.2M
Debt / Equity
AAMI
AAMI
LMB
LMB
Q4 25
0.16×
Q3 25
0.31×
Q2 25
0.17×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.14×
Q2 24
0.15×
Q1 24
0.15×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
LMB
LMB
Operating Cash FlowLast quarter
$-2.4M
$28.1M
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
14.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
-0.07×
2.29×
TTM Free Cash FlowTrailing 4 quarters
$41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
LMB
LMB
Q4 25
$-2.4M
$28.1M
Q3 25
$-23.9M
$13.3M
Q2 25
$61.6M
$2.0M
Q1 25
$-48.8M
$2.2M
Q4 24
$55.8M
$19.3M
Q3 24
$69.6M
$4.9M
Q2 24
$45.7M
$16.5M
Q1 24
$-40.4M
$-3.9M
Free Cash Flow
AAMI
AAMI
LMB
LMB
Q4 25
$27.9M
Q3 25
$12.8M
Q2 25
$1.2M
Q1 25
$11.0K
Q4 24
$18.0M
Q3 24
$4.6M
Q2 24
$13.2M
Q1 24
$-6.5M
FCF Margin
AAMI
AAMI
LMB
LMB
Q4 25
14.9%
Q3 25
7.0%
Q2 25
0.8%
Q1 25
0.0%
Q4 24
12.5%
Q3 24
3.4%
Q2 24
10.8%
Q1 24
-5.5%
Capex Intensity
AAMI
AAMI
LMB
LMB
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.6%
Q1 25
1.7%
Q4 24
0.9%
Q3 24
0.3%
Q2 24
2.7%
Q1 24
2.1%
Cash Conversion
AAMI
AAMI
LMB
LMB
Q4 25
-0.07×
2.29×
Q3 25
-1.58×
1.52×
Q2 25
6.10×
0.26×
Q1 25
-2.43×
0.22×
Q4 24
1.31×
1.96×
Q3 24
4.12×
0.66×
Q2 24
4.15×
2.77×
Q1 24
-2.77×
-0.52×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

LMB
LMB

Owner Direct Relationships Segment$145.0M78%
General Contractor Construction Manager Relationships Segment$41.9M22%

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