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Side-by-side financial comparison of Certara, Inc. (CERT) 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 $103.6M, roughly 1.8× Certara, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -5.7%, a 12.3% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 3.3%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $27.8M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 3.6%).

Certara is a global leader in biopharmaceutical software and consulting services, specializing in modeling, simulation, and regulatory science solutions. It serves pharmaceutical companies, biotech firms and healthcare stakeholders across all drug development stages, helping accelerate new therapy launches, lower R&D risks and cut overall development costs.

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

CERT vs LMB — Head-to-Head

Bigger by revenue
LMB
LMB
1.8× larger
LMB
$186.9M
$103.6M
CERT
Growing faster (revenue YoY)
LMB
LMB
+26.8% gap
LMB
30.1%
3.3%
CERT
Higher net margin
LMB
LMB
12.3% more per $
LMB
6.6%
-5.7%
CERT
More free cash flow
LMB
LMB
$64.0K more FCF
LMB
$27.9M
$27.8M
CERT
Faster 2-yr revenue CAGR
LMB
LMB
Annualised
LMB
25.3%
3.6%
CERT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CERT
CERT
LMB
LMB
Revenue
$103.6M
$186.9M
Net Profit
$-5.9M
$12.3M
Gross Margin
25.7%
Operating Margin
0.8%
9.4%
Net Margin
-5.7%
6.6%
Revenue YoY
3.3%
30.1%
Net Profit YoY
-189.6%
25.0%
EPS (diluted)
$-0.04
$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
CERT
CERT
LMB
LMB
Q4 25
$103.6M
$186.9M
Q3 25
$104.6M
$184.6M
Q2 25
$104.6M
$142.2M
Q1 25
$106.0M
$133.1M
Q4 24
$100.4M
$143.7M
Q3 24
$94.8M
$133.9M
Q2 24
$93.3M
$122.2M
Q1 24
$96.7M
$119.0M
Net Profit
CERT
CERT
LMB
LMB
Q4 25
$-5.9M
$12.3M
Q3 25
$1.5M
$8.8M
Q2 25
$-2.0M
$7.8M
Q1 25
$4.7M
$10.2M
Q4 24
$6.6M
$9.8M
Q3 24
$-1.4M
$7.5M
Q2 24
$-12.6M
$6.0M
Q1 24
$-4.7M
$7.6M
Gross Margin
CERT
CERT
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
CERT
CERT
LMB
LMB
Q4 25
0.8%
9.4%
Q3 25
2.9%
7.2%
Q2 25
9.1%
7.5%
Q1 25
7.2%
5.9%
Q4 24
6.0%
9.1%
Q3 24
2.7%
8.1%
Q2 24
-9.7%
6.7%
Q1 24
-1.3%
5.5%
Net Margin
CERT
CERT
LMB
LMB
Q4 25
-5.7%
6.6%
Q3 25
1.5%
4.8%
Q2 25
-1.9%
5.5%
Q1 25
4.5%
7.7%
Q4 24
6.6%
6.9%
Q3 24
-1.4%
5.6%
Q2 24
-13.5%
4.9%
Q1 24
-4.8%
6.4%
EPS (diluted)
CERT
CERT
LMB
LMB
Q4 25
$-0.04
$1.01
Q3 25
$0.01
$0.73
Q2 25
$-0.01
$0.64
Q1 25
$0.03
$0.85
Q4 24
$0.04
$0.81
Q3 24
$-0.01
$0.62
Q2 24
$-0.08
$0.50
Q1 24
$-0.03
$0.64

Balance Sheet & Financial Strength

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

Metric
CERT
CERT
LMB
LMB
Cash + ST InvestmentsLiquidity on hand
$189.4M
$11.3M
Total DebtLower is stronger
$293.1M
$30.5M
Stockholders' EquityBook value
$1.1B
$195.7M
Total Assets
$1.6B
$381.1M
Debt / EquityLower = less leverage
0.28×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CERT
CERT
LMB
LMB
Q4 25
$189.4M
$11.3M
Q3 25
$172.7M
$9.8M
Q2 25
$162.3M
$38.9M
Q1 25
$179.1M
$38.1M
Q4 24
$179.2M
$44.9M
Q3 24
$233.0M
$51.2M
Q2 24
$224.6M
$59.5M
Q1 24
$224.8M
$48.2M
Total Debt
CERT
CERT
LMB
LMB
Q4 25
$293.1M
$30.5M
Q3 25
$293.5M
$56.3M
Q2 25
$294.2M
$28.4M
Q1 25
$294.8M
$23.7M
Q4 24
$295.4M
$23.6M
Q3 24
$296.1M
$20.5M
Q2 24
$296.7M
$19.7M
Q1 24
$290.8M
$19.4M
Stockholders' Equity
CERT
CERT
LMB
LMB
Q4 25
$1.1B
$195.7M
Q3 25
$1.1B
$181.6M
Q2 25
$1.1B
$170.5M
Q1 25
$1.1B
$161.1M
Q4 24
$1.1B
$153.5M
Q3 24
$1.1B
$142.2M
Q2 24
$1.0B
$133.0M
Q1 24
$1.1B
$125.5M
Total Assets
CERT
CERT
LMB
LMB
Q4 25
$1.6B
$381.1M
Q3 25
$1.5B
$409.1M
Q2 25
$1.5B
$343.0M
Q1 25
$1.6B
$336.4M
Q4 24
$1.6B
$352.1M
Q3 24
$1.5B
$324.4M
Q2 24
$1.5B
$303.9M
Q1 24
$1.5B
$289.2M
Debt / Equity
CERT
CERT
LMB
LMB
Q4 25
0.28×
0.16×
Q3 25
0.28×
0.31×
Q2 25
0.27×
0.17×
Q1 25
0.27×
0.15×
Q4 24
0.28×
0.15×
Q3 24
0.28×
0.14×
Q2 24
0.28×
0.15×
Q1 24
0.28×
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
CERT
CERT
LMB
LMB
Operating Cash FlowLast quarter
$28.8M
$28.1M
Free Cash FlowOCF − Capex
$27.8M
$27.9M
FCF MarginFCF / Revenue
26.8%
14.9%
Capex IntensityCapex / Revenue
1.0%
0.1%
Cash ConversionOCF / Net Profit
2.29×
TTM Free Cash FlowTrailing 4 quarters
$94.4M
$41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CERT
CERT
LMB
LMB
Q4 25
$28.8M
$28.1M
Q3 25
$32.3M
$13.3M
Q2 25
$17.8M
$2.0M
Q1 25
$17.4M
$2.2M
Q4 24
$49.4M
$19.3M
Q3 24
$17.0M
$4.9M
Q2 24
$9.8M
$16.5M
Q1 24
$4.3M
$-3.9M
Free Cash Flow
CERT
CERT
LMB
LMB
Q4 25
$27.8M
$27.9M
Q3 25
$32.1M
$12.8M
Q2 25
$17.8M
$1.2M
Q1 25
$16.8M
$11.0K
Q4 24
$49.0M
$18.0M
Q3 24
$16.8M
$4.6M
Q2 24
$9.4M
$13.2M
Q1 24
$3.7M
$-6.5M
FCF Margin
CERT
CERT
LMB
LMB
Q4 25
26.8%
14.9%
Q3 25
30.7%
7.0%
Q2 25
17.0%
0.8%
Q1 25
15.8%
0.0%
Q4 24
48.8%
12.5%
Q3 24
17.7%
3.4%
Q2 24
10.1%
10.8%
Q1 24
3.8%
-5.5%
Capex Intensity
CERT
CERT
LMB
LMB
Q4 25
1.0%
0.1%
Q3 25
0.2%
0.3%
Q2 25
0.1%
0.6%
Q1 25
0.6%
1.7%
Q4 24
0.4%
0.9%
Q3 24
0.2%
0.3%
Q2 24
0.5%
2.7%
Q1 24
0.6%
2.1%
Cash Conversion
CERT
CERT
LMB
LMB
Q4 25
2.29×
Q3 25
21.19×
1.52×
Q2 25
0.26×
Q1 25
3.66×
0.22×
Q4 24
7.51×
1.96×
Q3 24
0.66×
Q2 24
2.77×
Q1 24
-0.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CERT
CERT

Segment breakdown not available.

LMB
LMB

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

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