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Side-by-side financial comparison of Enhabit, Inc. (EHAB) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
Enhabit, Inc. is the larger business by last-quarter revenue ($270.4M vs $186.9M, roughly 1.4× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -14.3%, a 20.9% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 4.7%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $3.3M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 1.5%).
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
EHAB vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.4M | $186.9M |
| Net Profit | $-38.7M | $12.3M |
| Gross Margin | — | 25.7% |
| Operating Margin | -12.3% | 9.4% |
| Net Margin | -14.3% | 6.6% |
| Revenue YoY | 4.7% | 30.1% |
| Net Profit YoY | 15.9% | 25.0% |
| EPS (diluted) | $-0.76 | $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.
| Q4 25 | $270.4M | $186.9M | ||
| Q3 25 | $263.6M | $184.6M | ||
| Q2 25 | $266.1M | $142.2M | ||
| Q1 25 | $259.9M | $133.1M | ||
| Q4 24 | $258.2M | $143.7M | ||
| Q3 24 | $253.6M | $133.9M | ||
| Q2 24 | $260.6M | $122.2M | ||
| Q1 24 | $262.4M | $119.0M |
| Q4 25 | $-38.7M | $12.3M | ||
| Q3 25 | $11.1M | $8.8M | ||
| Q2 25 | $5.2M | $7.8M | ||
| Q1 25 | $17.8M | $10.2M | ||
| Q4 24 | $-46.0M | $9.8M | ||
| Q3 24 | $-110.2M | $7.5M | ||
| Q2 24 | $-200.0K | $6.0M | ||
| Q1 24 | $200.0K | $7.6M |
| 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% |
| Q4 25 | -12.3% | 9.4% | ||
| Q3 25 | 6.4% | 7.2% | ||
| Q2 25 | 6.3% | 7.5% | ||
| Q1 25 | 6.1% | 5.9% | ||
| Q4 24 | -16.0% | 9.1% | ||
| Q3 24 | -38.6% | 8.1% | ||
| Q2 24 | 4.3% | 6.7% | ||
| Q1 24 | 4.9% | 5.5% |
| Q4 25 | -14.3% | 6.6% | ||
| Q3 25 | 4.2% | 4.8% | ||
| Q2 25 | 2.0% | 5.5% | ||
| Q1 25 | 6.8% | 7.7% | ||
| Q4 24 | -17.8% | 6.9% | ||
| Q3 24 | -43.5% | 5.6% | ||
| Q2 24 | -0.1% | 4.9% | ||
| Q1 24 | 0.1% | 6.4% |
| Q4 25 | $-0.76 | $1.01 | ||
| Q3 25 | $0.22 | $0.73 | ||
| Q2 25 | $0.10 | $0.64 | ||
| Q1 25 | $0.35 | $0.85 | ||
| Q4 24 | $-0.92 | $0.81 | ||
| Q3 24 | $-2.20 | $0.62 | ||
| Q2 24 | $0.00 | $0.50 | ||
| Q1 24 | $0.01 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $43.6M | $11.3M |
| Total DebtLower is stronger | $426.0M | $30.5M |
| Stockholders' EquityBook value | $534.0M | $195.7M |
| Total Assets | $1.2B | $381.1M |
| Debt / EquityLower = less leverage | 0.80× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.6M | $11.3M | ||
| Q3 25 | $56.9M | $9.8M | ||
| Q2 25 | $37.1M | $38.9M | ||
| Q1 25 | $39.5M | $38.1M | ||
| Q4 24 | $28.4M | $44.9M | ||
| Q3 24 | $45.7M | $51.2M | ||
| Q2 24 | $28.5M | $59.5M | ||
| Q1 24 | $36.5M | $48.2M |
| Q4 25 | $426.0M | $30.5M | ||
| Q3 25 | $441.5M | $56.3M | ||
| Q2 25 | $456.9M | $28.4M | ||
| Q1 25 | $467.3M | $23.7M | ||
| Q4 24 | $492.6M | $23.6M | ||
| Q3 24 | $502.9M | $20.5M | ||
| Q2 24 | $512.7M | $19.7M | ||
| Q1 24 | $526.7M | $19.4M |
| Q4 25 | $534.0M | $195.7M | ||
| Q3 25 | $566.8M | $181.6M | ||
| Q2 25 | $552.4M | $170.5M | ||
| Q1 25 | $543.2M | $161.1M | ||
| Q4 24 | $523.5M | $153.5M | ||
| Q3 24 | $566.1M | $142.2M | ||
| Q2 24 | $674.3M | $133.0M | ||
| Q1 24 | $672.3M | $125.5M |
| Q4 25 | $1.2B | $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 | $1.3B | $324.4M | ||
| Q2 24 | $1.4B | $303.9M | ||
| Q1 24 | $1.4B | $289.2M |
| Q4 25 | 0.80× | 0.16× | ||
| Q3 25 | 0.78× | 0.31× | ||
| Q2 25 | 0.83× | 0.17× | ||
| Q1 25 | 0.86× | 0.15× | ||
| Q4 24 | 0.94× | 0.15× | ||
| Q3 24 | 0.89× | 0.14× | ||
| Q2 24 | 0.76× | 0.15× | ||
| Q1 24 | 0.78× | 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 | $4.4M | $28.1M |
| Free Cash FlowOCF − Capex | $3.3M | $27.9M |
| FCF MarginFCF / Revenue | 1.2% | 14.9% |
| Capex IntensityCapex / Revenue | 0.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $28.1M | ||
| Q3 25 | $37.8M | $13.3M | ||
| Q2 25 | $10.6M | $2.0M | ||
| Q1 25 | $17.9M | $2.2M | ||
| Q4 24 | $-4.1M | $19.3M | ||
| Q3 24 | $28.4M | $4.9M | ||
| Q2 24 | $9.6M | $16.5M | ||
| Q1 24 | $17.3M | $-3.9M |
| Q4 25 | $3.3M | $27.9M | ||
| Q3 25 | $36.2M | $12.8M | ||
| Q2 25 | $8.7M | $1.2M | ||
| Q1 25 | $17.6M | $11.0K | ||
| Q4 24 | $-4.7M | $18.0M | ||
| Q3 24 | $27.7M | $4.6M | ||
| Q2 24 | $8.9M | $13.2M | ||
| Q1 24 | $15.5M | $-6.5M |
| Q4 25 | 1.2% | 14.9% | ||
| Q3 25 | 13.7% | 7.0% | ||
| Q2 25 | 3.3% | 0.8% | ||
| Q1 25 | 6.8% | 0.0% | ||
| Q4 24 | -1.8% | 12.5% | ||
| Q3 24 | 10.9% | 3.4% | ||
| Q2 24 | 3.4% | 10.8% | ||
| Q1 24 | 5.9% | -5.5% |
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.6% | 0.3% | ||
| Q2 25 | 0.7% | 0.6% | ||
| Q1 25 | 0.1% | 1.7% | ||
| Q4 24 | 0.2% | 0.9% | ||
| Q3 24 | 0.3% | 0.3% | ||
| Q2 24 | 0.3% | 2.7% | ||
| Q1 24 | 0.7% | 2.1% |
| Q4 25 | — | 2.29× | ||
| Q3 25 | 3.41× | 1.52× | ||
| Q2 25 | 2.04× | 0.26× | ||
| Q1 25 | 1.01× | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 2.77× | ||
| Q1 24 | 86.50× | -0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
