vs
Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
APOGEE ENTERPRISES, INC. is the larger business by last-quarter revenue ($351.4M vs $186.9M, roughly 1.9× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 4.7%, a 1.9% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 1.6%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 2.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
APOG vs LMB — Head-to-Head
Income Statement — Q4 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $351.4M | $186.9M |
| Net Profit | $16.6M | $12.3M |
| Gross Margin | 22.4% | 25.7% |
| Operating Margin | 7.3% | 9.4% |
| Net Margin | 4.7% | 6.6% |
| Revenue YoY | 1.6% | 30.1% |
| Net Profit YoY | 568.8% | 25.0% |
| EPS (diluted) | $0.78 | $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 | $351.4M | — | ||
| Q4 25 | $348.6M | $186.9M | ||
| Q3 25 | $358.2M | $184.6M | ||
| Q2 25 | $346.6M | $142.2M | ||
| Q1 25 | $345.7M | $133.1M | ||
| Q4 24 | $341.3M | $143.7M | ||
| Q3 24 | $342.4M | $133.9M | ||
| Q2 24 | $331.5M | $122.2M |
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $12.3M | ||
| Q3 25 | $23.6M | $8.8M | ||
| Q2 25 | $-2.7M | $7.8M | ||
| Q1 25 | $2.5M | $10.2M | ||
| Q4 24 | $21.0M | $9.8M | ||
| Q3 24 | $30.6M | $7.5M | ||
| Q2 24 | $31.0M | $6.0M |
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 25.7% | ||
| Q3 25 | 23.1% | 24.2% | ||
| Q2 25 | 21.7% | 28.0% | ||
| Q1 25 | 21.6% | 27.6% | ||
| Q4 24 | 26.1% | 30.3% | ||
| Q3 24 | 28.4% | 27.0% | ||
| Q2 24 | 29.8% | 27.4% |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 9.4% | ||
| Q3 25 | 7.5% | 7.2% | ||
| Q2 25 | 2.0% | 7.5% | ||
| Q1 25 | 1.8% | 5.9% | ||
| Q4 24 | 8.4% | 9.1% | ||
| Q3 24 | 12.3% | 8.1% | ||
| Q2 24 | 12.5% | 6.7% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 6.6% | ||
| Q3 25 | 6.6% | 4.8% | ||
| Q2 25 | -0.8% | 5.5% | ||
| Q1 25 | 0.7% | 7.7% | ||
| Q4 24 | 6.1% | 6.9% | ||
| Q3 24 | 8.9% | 5.6% | ||
| Q2 24 | 9.4% | 4.9% |
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $1.01 | ||
| Q3 25 | $1.10 | $0.73 | ||
| Q2 25 | $-0.13 | $0.64 | ||
| Q1 25 | $0.12 | $0.85 | ||
| Q4 24 | $0.96 | $0.81 | ||
| Q3 24 | $1.40 | $0.62 | ||
| Q2 24 | $1.41 | $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 | $39.5M | $11.3M |
| Total DebtLower is stronger | $232.3M | $30.5M |
| Stockholders' EquityBook value | $511.8M | $195.7M |
| Total Assets | $1.1B | $381.1M |
| Debt / EquityLower = less leverage | 0.45× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $11.3M | ||
| Q3 25 | $39.5M | $9.8M | ||
| Q2 25 | $32.8M | $38.9M | ||
| Q1 25 | $41.4M | $38.1M | ||
| Q4 24 | $43.9M | $44.9M | ||
| Q3 24 | $51.0M | $51.2M | ||
| Q2 24 | $30.4M | $59.5M |
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | $285.0M | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M |
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $195.7M | ||
| Q3 25 | $500.2M | $181.6M | ||
| Q2 25 | $481.8M | $170.5M | ||
| Q1 25 | $487.9M | $161.1M | ||
| Q4 24 | $522.1M | $153.5M | ||
| Q3 24 | $506.4M | $142.2M | ||
| Q2 24 | $480.0M | $133.0M |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $381.1M | ||
| Q3 25 | $1.2B | $409.1M | ||
| Q2 25 | $1.2B | $343.0M | ||
| Q1 25 | $1.2B | $336.4M | ||
| Q4 24 | $1.2B | $352.1M | ||
| Q3 24 | $917.1M | $324.4M | ||
| Q2 24 | $889.0M | $303.9M |
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | 0.58× | 0.15× | ||
| Q4 24 | — | 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 | $122.5M | $28.1M |
| Free Cash FlowOCF − Capex | — | $27.9M |
| FCF MarginFCF / Revenue | — | 14.9% |
| Capex IntensityCapex / Revenue | 7.8% | 0.1% |
| Cash ConversionOCF / Net Profit | 7.37× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $28.1M | ||
| Q3 25 | $57.1M | $13.3M | ||
| Q2 25 | $-19.8M | $2.0M | ||
| Q1 25 | $30.0M | $2.2M | ||
| Q4 24 | $31.0M | $19.3M | ||
| Q3 24 | $58.7M | $4.9M | ||
| Q2 24 | $5.5M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $27.9M | ||
| Q3 25 | $52.4M | $12.8M | ||
| Q2 25 | $-26.9M | $1.2M | ||
| Q1 25 | $19.1M | $11.0K | ||
| Q4 24 | $22.0M | $18.0M | ||
| Q3 24 | $50.2M | $4.6M | ||
| Q2 24 | $-1.8M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 14.9% | ||
| Q3 25 | 14.6% | 7.0% | ||
| Q2 25 | -7.8% | 0.8% | ||
| Q1 25 | 5.5% | 0.0% | ||
| Q4 24 | 6.4% | 12.5% | ||
| Q3 24 | 14.7% | 3.4% | ||
| Q2 24 | -0.5% | 10.8% |
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | 1.3% | 0.3% | ||
| Q2 25 | 2.1% | 0.6% | ||
| Q1 25 | 3.2% | 1.7% | ||
| Q4 24 | 2.6% | 0.9% | ||
| Q3 24 | 2.5% | 0.3% | ||
| Q2 24 | 2.2% | 2.7% |
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | 2.29× | ||
| Q3 25 | 2.41× | 1.52× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | 12.08× | 0.22× | ||
| Q4 24 | 1.48× | 1.96× | ||
| Q3 24 | 1.92× | 0.66× | ||
| Q2 24 | 0.18× | 2.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
