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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) 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 $110.6M, roughly 1.7× American Assets Trust, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 6.1%, a 0.5% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 1.8%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
AAT vs LMB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $186.9M |
| Net Profit | $6.7M | $12.3M |
| Gross Margin | — | 25.7% |
| Operating Margin | 23.4% | 9.4% |
| Net Margin | 6.1% | 6.6% |
| Revenue YoY | 1.8% | 30.1% |
| Net Profit YoY | -16.3% | 25.0% |
| EPS (diluted) | $0.08 | $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.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $186.9M | ||
| Q3 25 | $109.6M | $184.6M | ||
| Q2 25 | $107.9M | $142.2M | ||
| Q1 25 | $108.6M | $133.1M | ||
| Q4 24 | $113.5M | $143.7M | ||
| Q3 24 | $122.8M | $133.9M | ||
| Q2 24 | $110.9M | $122.2M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $12.3M | ||
| Q3 25 | $4.5M | $8.8M | ||
| Q2 25 | $5.5M | $7.8M | ||
| Q1 25 | $42.5M | $10.2M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $16.7M | $7.5M | ||
| Q2 24 | $11.9M | $6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 25.7% | ||
| Q3 25 | 60.5% | 24.2% | ||
| Q2 25 | 62.6% | 28.0% | ||
| Q1 25 | 62.0% | 27.6% | ||
| Q4 24 | 61.3% | 30.3% | ||
| Q3 24 | 65.5% | 27.0% | ||
| Q2 24 | 63.6% | 27.4% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 9.4% | ||
| Q3 25 | 22.6% | 7.2% | ||
| Q2 25 | 24.1% | 7.5% | ||
| Q1 25 | 66.3% | 5.9% | ||
| Q4 24 | 26.5% | 9.1% | ||
| Q3 24 | 30.8% | 8.1% | ||
| Q2 24 | 27.8% | 6.7% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 6.6% | ||
| Q3 25 | 4.1% | 4.8% | ||
| Q2 25 | 5.1% | 5.5% | ||
| Q1 25 | 39.2% | 7.7% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | 13.6% | 5.6% | ||
| Q2 24 | 10.7% | 4.9% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $1.01 | ||
| Q3 25 | $0.07 | $0.73 | ||
| Q2 25 | $0.09 | $0.64 | ||
| Q1 25 | $0.70 | $0.85 | ||
| Q4 24 | $0.14 | $0.81 | ||
| Q3 24 | $0.28 | $0.62 | ||
| Q2 24 | $0.20 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $11.3M |
| Total DebtLower is stronger | — | $30.5M |
| Stockholders' EquityBook value | $1.1B | $195.7M |
| Total Assets | $2.9B | $381.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $11.3M | ||
| Q3 25 | $138.7M | $9.8M | ||
| Q2 25 | $143.7M | $38.9M | ||
| Q1 25 | $143.9M | $38.1M | ||
| Q4 24 | $425.7M | $44.9M | ||
| Q3 24 | $533.0M | $51.2M | ||
| Q2 24 | $114.9M | $59.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | $2.0B | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $195.7M | ||
| Q3 25 | $1.2B | $181.6M | ||
| Q2 25 | $1.2B | $170.5M | ||
| Q1 25 | $1.2B | $161.1M | ||
| Q4 24 | $1.2B | $153.5M | ||
| Q3 24 | $1.2B | $142.2M | ||
| Q2 24 | $1.2B | $133.0M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $381.1M | ||
| Q3 25 | $2.9B | $409.1M | ||
| Q2 25 | $3.0B | $343.0M | ||
| Q1 25 | $3.0B | $336.4M | ||
| Q4 24 | $3.3B | $352.1M | ||
| Q3 24 | $3.4B | $324.4M | ||
| Q2 24 | $3.0B | $303.9M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 1.72× | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $28.1M |
| Free Cash FlowOCF − Capex | — | $27.9M |
| FCF MarginFCF / Revenue | — | 14.9% |
| Capex IntensityCapex / Revenue | 14.5% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $28.1M | ||
| Q3 25 | $40.5M | $13.3M | ||
| Q2 25 | $49.2M | $2.0M | ||
| Q1 25 | $36.9M | $2.2M | ||
| Q4 24 | $207.1M | $19.3M | ||
| Q3 24 | $52.4M | $4.9M | ||
| Q2 24 | $59.3M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $27.9M | ||
| Q3 25 | $23.1M | $12.8M | ||
| Q2 25 | $28.4M | $1.2M | ||
| Q1 25 | $20.4M | $11.0K | ||
| Q4 24 | $136.9M | $18.0M | ||
| Q3 24 | $28.0M | $4.6M | ||
| Q2 24 | $43.6M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 14.9% | ||
| Q3 25 | 21.1% | 7.0% | ||
| Q2 25 | 26.3% | 0.8% | ||
| Q1 25 | 18.8% | 0.0% | ||
| Q4 24 | 120.7% | 12.5% | ||
| Q3 24 | 22.8% | 3.4% | ||
| Q2 24 | 39.3% | 10.8% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 0.1% | ||
| Q3 25 | 15.9% | 0.3% | ||
| Q2 25 | 19.3% | 0.6% | ||
| Q1 25 | 15.1% | 1.7% | ||
| Q4 24 | 61.9% | 0.9% | ||
| Q3 24 | 19.9% | 0.3% | ||
| Q2 24 | 14.1% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | 8.98× | 1.52× | ||
| Q2 25 | 9.01× | 0.26× | ||
| Q1 25 | 0.87× | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 3.15× | 0.66× | ||
| Q2 24 | 4.98× | 2.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
