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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
DONEGAL GROUP INC is the larger business by last-quarter revenue ($236.0M vs $186.9M, roughly 1.3× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs 4.9%, a 1.7% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -3.7%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -2.2%).
Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
DGICA vs LMB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $236.0M | $186.9M |
| Net Profit | $11.5M | $12.3M |
| Gross Margin | — | 25.7% |
| Operating Margin | — | 9.4% |
| Net Margin | 4.9% | 6.6% |
| Revenue YoY | -3.7% | 30.1% |
| Net Profit YoY | -54.3% | 25.0% |
| EPS (diluted) | — | $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 | $236.0M | — | ||
| Q4 25 | $239.8M | $186.9M | ||
| Q3 25 | $245.9M | $184.6M | ||
| Q2 25 | $247.1M | $142.2M | ||
| Q1 25 | $245.2M | $133.1M | ||
| Q4 24 | $250.0M | $143.7M | ||
| Q3 24 | $251.7M | $133.9M | ||
| Q2 24 | $246.8M | $122.2M |
| Q1 26 | $11.5M | — | ||
| Q4 25 | $17.2M | $12.3M | ||
| Q3 25 | $20.1M | $8.8M | ||
| Q2 25 | $16.9M | $7.8M | ||
| Q1 25 | $25.2M | $10.2M | ||
| Q4 24 | $24.0M | $9.8M | ||
| Q3 24 | $16.8M | $7.5M | ||
| Q2 24 | $4.2M | $6.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 8.7% | 9.4% | ||
| Q3 25 | 10.2% | 7.2% | ||
| Q2 25 | 8.3% | 7.5% | ||
| Q1 25 | 12.7% | 5.9% | ||
| Q4 24 | 11.9% | 9.1% | ||
| Q3 24 | 8.1% | 8.1% | ||
| Q2 24 | 2.0% | 6.7% |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 7.2% | 6.6% | ||
| Q3 25 | 8.2% | 4.8% | ||
| Q2 25 | 6.8% | 5.5% | ||
| Q1 25 | 10.3% | 7.7% | ||
| Q4 24 | 9.6% | 6.9% | ||
| Q3 24 | 6.7% | 5.6% | ||
| Q2 24 | 1.7% | 4.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.01 | ||
| Q3 25 | — | $0.73 | ||
| Q2 25 | — | $0.64 | ||
| Q1 25 | — | $0.85 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | — | $0.62 | ||
| Q2 24 | — | $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 | — | $11.3M |
| Total DebtLower is stronger | — | $30.5M |
| Stockholders' EquityBook value | $649.1M | $195.7M |
| Total Assets | $2.4B | $381.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | — | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | — | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M |
| Q1 26 | $649.1M | — | ||
| Q4 25 | $640.4M | $195.7M | ||
| Q3 25 | $627.4M | $181.6M | ||
| Q2 25 | $605.7M | $170.5M | ||
| Q1 25 | $584.7M | $161.1M | ||
| Q4 24 | $545.8M | $153.5M | ||
| Q3 24 | $513.4M | $142.2M | ||
| Q2 24 | $484.1M | $133.0M |
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $381.1M | ||
| Q3 25 | $2.4B | $409.1M | ||
| Q2 25 | $2.4B | $343.0M | ||
| Q1 25 | $2.4B | $336.4M | ||
| Q4 24 | $2.3B | $352.1M | ||
| Q3 24 | $2.3B | $324.4M | ||
| Q2 24 | $2.3B | $303.9M |
| Q1 26 | — | — | ||
| 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× |
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 | — | 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 | $70.2M | $28.1M | ||
| Q3 25 | $22.4M | $13.3M | ||
| Q2 25 | $12.1M | $2.0M | ||
| Q1 25 | $25.7M | $2.2M | ||
| Q4 24 | $67.4M | $19.3M | ||
| Q3 24 | $12.7M | $4.9M | ||
| Q2 24 | $21.7M | $16.5M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 4.08× | 2.29× | ||
| Q3 25 | 1.11× | 1.52× | ||
| Q2 25 | 0.72× | 0.26× | ||
| Q1 25 | 1.02× | 0.22× | ||
| Q4 24 | 2.81× | 1.96× | ||
| Q3 24 | 0.76× | 0.66× | ||
| Q2 24 | 5.22× | 2.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DGICA
Segment breakdown not available.
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
