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Side-by-side financial comparison of Confluent, Inc. (CFLT) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $138.9M, roughly 2.3× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 3.2% vs -25.2%, a 28.3% gap on every dollar of revenue. On growth, Confluent, Inc. posted the faster year-over-year revenue change (20.5% vs 4.3%). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs 6.6%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
CFLT vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $138.9M |
| Net Profit | $-79.2M | $4.4M |
| Gross Margin | 74.7% | 22.4% |
| Operating Margin | -31.5% | 0.8% |
| Net Margin | -25.2% | 3.2% |
| Revenue YoY | 20.5% | 4.3% |
| Net Profit YoY | 10.0% | — |
| EPS (diluted) | $-0.23 | $0.36 |
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 | — | $138.9M | ||
| Q4 25 | $314.8M | $186.9M | ||
| Q3 25 | $298.5M | $184.6M | ||
| Q2 25 | $282.3M | $142.2M | ||
| Q1 25 | $271.1M | $133.1M | ||
| Q4 24 | $261.2M | $143.7M | ||
| Q3 24 | $250.2M | $133.9M | ||
| Q2 24 | $235.0M | $122.2M |
| Q1 26 | — | $4.4M | ||
| Q4 25 | $-79.2M | $12.3M | ||
| Q3 25 | $-66.5M | $8.8M | ||
| Q2 25 | $-82.0M | $7.8M | ||
| Q1 25 | $-67.6M | $10.2M | ||
| Q4 24 | $-88.1M | $9.8M | ||
| Q3 24 | $-74.1M | $7.5M | ||
| Q2 24 | $-89.9M | $6.0M |
| Q1 26 | — | 22.4% | ||
| Q4 25 | 74.7% | 25.7% | ||
| Q3 25 | 74.2% | 24.2% | ||
| Q2 25 | 73.7% | 28.0% | ||
| Q1 25 | 74.5% | 27.6% | ||
| Q4 24 | 74.1% | 30.3% | ||
| Q3 24 | 74.5% | 27.0% | ||
| Q2 24 | 72.3% | 27.4% |
| Q1 26 | — | 0.8% | ||
| Q4 25 | -31.5% | 9.4% | ||
| Q3 25 | -27.9% | 7.2% | ||
| Q2 25 | -34.2% | 7.5% | ||
| Q1 25 | -37.3% | 5.9% | ||
| Q4 24 | -40.5% | 9.1% | ||
| Q3 24 | -37.4% | 8.1% | ||
| Q2 24 | -46.1% | 6.7% |
| Q1 26 | — | 3.2% | ||
| Q4 25 | -25.2% | 6.6% | ||
| Q3 25 | -22.3% | 4.8% | ||
| Q2 25 | -29.0% | 5.5% | ||
| Q1 25 | -24.9% | 7.7% | ||
| Q4 24 | -33.7% | 6.9% | ||
| Q3 24 | -29.6% | 5.6% | ||
| Q2 24 | -38.3% | 4.9% |
| Q1 26 | — | $0.36 | ||
| Q4 25 | $-0.23 | $1.01 | ||
| Q3 25 | $-0.19 | $0.73 | ||
| Q2 25 | $-0.24 | $0.64 | ||
| Q1 25 | $-0.20 | $0.85 | ||
| Q4 24 | $-0.26 | $0.81 | ||
| Q3 24 | $-0.23 | $0.62 | ||
| Q2 24 | $-0.28 | $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 | $347.2M | $15.8M |
| Total DebtLower is stronger | $1.1B | $56.6M |
| Stockholders' EquityBook value | $1.2B | $196.3M |
| Total Assets | $3.0B | $377.0M |
| Debt / EquityLower = less leverage | 0.94× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.8M | ||
| Q4 25 | $347.2M | $11.3M | ||
| Q3 25 | $298.5M | $9.8M | ||
| Q2 25 | $295.6M | $38.9M | ||
| Q1 25 | $278.6M | $38.1M | ||
| Q4 24 | $386.0M | $44.9M | ||
| Q3 24 | $322.6M | $51.2M | ||
| Q2 24 | $311.3M | $59.5M |
| Q1 26 | — | $56.6M | ||
| Q4 25 | $1.1B | $30.5M | ||
| Q3 25 | $1.1B | $56.3M | ||
| Q2 25 | $1.1B | $28.4M | ||
| Q1 25 | $1.1B | $23.7M | ||
| Q4 24 | $1.1B | $23.6M | ||
| Q3 24 | $1.1B | $20.5M | ||
| Q2 24 | $1.1B | $19.7M |
| Q1 26 | — | $196.3M | ||
| Q4 25 | $1.2B | $195.7M | ||
| Q3 25 | $1.1B | $181.6M | ||
| Q2 25 | $1.1B | $170.5M | ||
| Q1 25 | $1.0B | $161.1M | ||
| Q4 24 | $961.2M | $153.5M | ||
| Q3 24 | $934.3M | $142.2M | ||
| Q2 24 | $873.9M | $133.0M |
| Q1 26 | — | $377.0M | ||
| Q4 25 | $3.0B | $381.1M | ||
| Q3 25 | $2.9B | $409.1M | ||
| Q2 25 | $2.8B | $343.0M | ||
| Q1 25 | $2.7B | $336.4M | ||
| Q4 24 | $2.7B | $352.1M | ||
| Q3 24 | $2.6B | $324.4M | ||
| Q2 24 | $2.5B | $303.9M |
| Q1 26 | — | 0.29× | ||
| Q4 25 | 0.94× | 0.16× | ||
| Q3 25 | 0.98× | 0.31× | ||
| Q2 25 | 1.03× | 0.17× | ||
| Q1 25 | 1.07× | 0.15× | ||
| Q4 24 | 1.14× | 0.15× | ||
| Q3 24 | 1.17× | 0.14× | ||
| Q2 24 | 1.25× | 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 | $42.1M | — |
| Free Cash FlowOCF − Capex | $41.7M | — |
| FCF MarginFCF / Revenue | 13.2% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $42.1M | $28.1M | ||
| Q3 25 | $30.8M | $13.3M | ||
| Q2 25 | $18.1M | $2.0M | ||
| Q1 25 | $-26.8M | $2.2M | ||
| Q4 24 | $35.2M | $19.3M | ||
| Q3 24 | $15.6M | $4.9M | ||
| Q2 24 | $8.6M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $41.7M | $27.9M | ||
| Q3 25 | $30.0M | $12.8M | ||
| Q2 25 | $17.2M | $1.2M | ||
| Q1 25 | $-28.2M | $11.0K | ||
| Q4 24 | $34.5M | $18.0M | ||
| Q3 24 | $15.0M | $4.6M | ||
| Q2 24 | $7.5M | $13.2M |
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | 14.9% | ||
| Q3 25 | 10.0% | 7.0% | ||
| Q2 25 | 6.1% | 0.8% | ||
| Q1 25 | -10.4% | 0.0% | ||
| Q4 24 | 13.2% | 12.5% | ||
| Q3 24 | 6.0% | 3.4% | ||
| Q2 24 | 3.2% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 0.1% | ||
| Q3 25 | 0.3% | 0.3% | ||
| Q2 25 | 0.3% | 0.6% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | 0.3% | 0.9% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 0.5% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.29× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 2.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
LMB
| ODR | $99.8M | 72% |
| GCR | $39.0M | 28% |
