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Side-by-side financial comparison of ESCO TECHNOLOGIES INC (ESE) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.
ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $186.9M, roughly 1.6× Limbach Holdings, Inc.). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs 6.6%, a 3.3% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 17.3%). ESCO TECHNOLOGIES INC produced more free cash flow last quarter ($63.0M vs $27.9M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 7.8%).
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
ESE vs LMB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $289.7M | $186.9M |
| Net Profit | $28.7M | $12.3M |
| Gross Margin | 41.4% | 25.7% |
| Operating Margin | 13.2% | 9.4% |
| Net Margin | 9.9% | 6.6% |
| Revenue YoY | 17.3% | 30.1% |
| Net Profit YoY | 22.2% | 25.0% |
| EPS (diluted) | $1.11 | $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 | $289.7M | $186.9M | ||
| Q3 25 | $286.5M | $184.6M | ||
| Q2 25 | $296.3M | $142.2M | ||
| Q1 25 | $265.5M | $133.1M | ||
| Q4 24 | $247.0M | $143.7M | ||
| Q3 24 | $298.5M | $133.9M | ||
| Q2 24 | $260.8M | $122.2M | ||
| Q1 24 | $249.1M | $119.0M |
| Q4 25 | $28.7M | $12.3M | ||
| Q3 25 | $218.7M | $8.8M | ||
| Q2 25 | $26.1M | $7.8M | ||
| Q1 25 | $31.0M | $10.2M | ||
| Q4 24 | $23.5M | $9.8M | ||
| Q3 24 | $34.3M | $7.5M | ||
| Q2 24 | $29.2M | $6.0M | ||
| Q1 24 | $23.2M | $7.6M |
| Q4 25 | 41.4% | 25.7% | ||
| Q3 25 | 45.9% | 24.2% | ||
| Q2 25 | 41.2% | 28.0% | ||
| Q1 25 | 41.1% | 27.6% | ||
| Q4 24 | 39.8% | 30.3% | ||
| Q3 24 | 40.1% | 27.0% | ||
| Q2 24 | 39.6% | 27.4% | ||
| Q1 24 | 38.8% | 26.1% |
| Q4 25 | 13.2% | 9.4% | ||
| Q3 25 | 17.2% | 7.2% | ||
| Q2 25 | 11.2% | 7.5% | ||
| Q1 25 | 15.3% | 5.9% | ||
| Q4 24 | 11.4% | 9.1% | ||
| Q3 24 | 14.8% | 8.1% | ||
| Q2 24 | 14.3% | 6.7% | ||
| Q1 24 | 11.7% | 5.5% |
| Q4 25 | 9.9% | 6.6% | ||
| Q3 25 | 76.3% | 4.8% | ||
| Q2 25 | 8.8% | 5.5% | ||
| Q1 25 | 11.7% | 7.7% | ||
| Q4 24 | 9.5% | 6.9% | ||
| Q3 24 | 11.5% | 5.6% | ||
| Q2 24 | 11.2% | 4.9% | ||
| Q1 24 | 9.3% | 6.4% |
| Q4 25 | $1.11 | $1.01 | ||
| Q3 25 | $8.43 | $0.73 | ||
| Q2 25 | $1.01 | $0.64 | ||
| Q1 25 | $1.20 | $0.85 | ||
| Q4 24 | $0.91 | $0.81 | ||
| Q3 24 | $1.32 | $0.62 | ||
| Q2 24 | $1.13 | $0.50 | ||
| Q1 24 | $0.90 | $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 | $103.8M | $11.3M |
| Total DebtLower is stronger | $145.5M | $30.5M |
| Stockholders' EquityBook value | $1.6B | $195.7M |
| Total Assets | $2.4B | $381.1M |
| Debt / EquityLower = less leverage | 0.09× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.8M | $11.3M | ||
| Q3 25 | $101.3M | $9.8M | ||
| Q2 25 | $78.7M | $38.9M | ||
| Q1 25 | $57.4M | $38.1M | ||
| Q4 24 | $71.3M | $44.9M | ||
| Q3 24 | $66.0M | $51.2M | ||
| Q2 24 | $63.0M | $59.5M | ||
| Q1 24 | $59.4M | $48.2M |
| Q4 25 | $145.5M | $30.5M | ||
| Q3 25 | $186.0M | $56.3M | ||
| Q2 25 | $525.0M | $28.4M | ||
| Q1 25 | $88.0M | $23.7M | ||
| Q4 24 | $112.0M | $23.6M | ||
| Q3 24 | $122.0M | $20.5M | ||
| Q2 24 | $173.0M | $19.7M | ||
| Q1 24 | $191.0M | $19.4M |
| Q4 25 | $1.6B | $195.7M | ||
| Q3 25 | $1.5B | $181.6M | ||
| Q2 25 | $1.3B | $170.5M | ||
| Q1 25 | $1.3B | $161.1M | ||
| Q4 24 | $1.2B | $153.5M | ||
| Q3 24 | $1.2B | $142.2M | ||
| Q2 24 | $1.2B | $133.0M | ||
| Q1 24 | $1.2B | $125.5M |
| Q4 25 | $2.4B | $381.1M | ||
| Q3 25 | $2.4B | $409.1M | ||
| Q2 25 | $2.5B | $343.0M | ||
| Q1 25 | $1.8B | $336.4M | ||
| Q4 24 | $1.8B | $352.1M | ||
| Q3 24 | $1.8B | $324.4M | ||
| Q2 24 | $1.8B | $303.9M | ||
| Q1 24 | $1.8B | $289.2M |
| Q4 25 | 0.09× | 0.16× | ||
| Q3 25 | 0.12× | 0.31× | ||
| Q2 25 | 0.40× | 0.17× | ||
| Q1 25 | 0.07× | 0.15× | ||
| Q4 24 | 0.09× | 0.15× | ||
| Q3 24 | 0.10× | 0.14× | ||
| Q2 24 | 0.14× | 0.15× | ||
| Q1 24 | 0.16× | 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 | $68.9M | $28.1M |
| Free Cash FlowOCF − Capex | $63.0M | $27.9M |
| FCF MarginFCF / Revenue | 21.7% | 14.9% |
| Capex IntensityCapex / Revenue | 2.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.40× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | $239.6M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.9M | $28.1M | ||
| Q3 25 | $109.9M | $13.3M | ||
| Q2 25 | $73.7M | $2.0M | ||
| Q1 25 | $24.1M | $2.2M | ||
| Q4 24 | $34.2M | $19.3M | ||
| Q3 24 | $72.1M | $4.9M | ||
| Q2 24 | $36.2M | $16.5M | ||
| Q1 24 | $10.5M | $-3.9M |
| Q4 25 | $63.0M | $27.9M | ||
| Q3 25 | $97.8M | $12.8M | ||
| Q2 25 | $64.9M | $1.2M | ||
| Q1 25 | $14.0M | $11.0K | ||
| Q4 24 | $29.0M | $18.0M | ||
| Q3 24 | $60.9M | $4.6M | ||
| Q2 24 | $27.6M | $13.2M | ||
| Q1 24 | $2.0M | $-6.5M |
| Q4 25 | 21.7% | 14.9% | ||
| Q3 25 | 34.1% | 7.0% | ||
| Q2 25 | 21.9% | 0.8% | ||
| Q1 25 | 5.3% | 0.0% | ||
| Q4 24 | 11.7% | 12.5% | ||
| Q3 24 | 20.4% | 3.4% | ||
| Q2 24 | 10.6% | 10.8% | ||
| Q1 24 | 0.8% | -5.5% |
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 4.2% | 0.3% | ||
| Q2 25 | 3.0% | 0.6% | ||
| Q1 25 | 3.8% | 1.7% | ||
| Q4 24 | 2.1% | 0.9% | ||
| Q3 24 | 3.8% | 0.3% | ||
| Q2 24 | 3.3% | 2.7% | ||
| Q1 24 | 3.4% | 2.1% |
| Q4 25 | 2.40× | 2.29× | ||
| Q3 25 | 0.50× | 1.52× | ||
| Q2 25 | 2.83× | 0.26× | ||
| Q1 25 | 0.78× | 0.22× | ||
| Q4 24 | 1.46× | 1.96× | ||
| Q3 24 | 2.10× | 0.66× | ||
| Q2 24 | 1.24× | 2.77× | ||
| Q1 24 | 0.45× | -0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
