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Side-by-side financial comparison of Fastly, Inc. (FSLY) 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 $172.6M, roughly 1.1× Fastly, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -9.0%, a 15.6% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 22.8%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $12.2M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 13.7%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
FSLY vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $186.9M |
| Net Profit | $-15.5M | $12.3M |
| Gross Margin | 61.4% | 25.7% |
| Operating Margin | -8.7% | 9.4% |
| Net Margin | -9.0% | 6.6% |
| Revenue YoY | 22.8% | 30.1% |
| Net Profit YoY | 52.9% | 25.0% |
| EPS (diluted) | $-0.10 | $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 | $172.6M | $186.9M | ||
| Q3 25 | $158.2M | $184.6M | ||
| Q2 25 | $148.7M | $142.2M | ||
| Q1 25 | $144.5M | $133.1M | ||
| Q4 24 | $140.6M | $143.7M | ||
| Q3 24 | $137.2M | $133.9M | ||
| Q2 24 | $132.4M | $122.2M | ||
| Q1 24 | $133.5M | $119.0M |
| Q4 25 | $-15.5M | $12.3M | ||
| Q3 25 | $-29.5M | $8.8M | ||
| Q2 25 | $-37.5M | $7.8M | ||
| Q1 25 | $-39.1M | $10.2M | ||
| Q4 24 | $-32.9M | $9.8M | ||
| Q3 24 | $-38.0M | $7.5M | ||
| Q2 24 | $-43.7M | $6.0M | ||
| Q1 24 | $-43.4M | $7.6M |
| Q4 25 | 61.4% | 25.7% | ||
| Q3 25 | 58.4% | 24.2% | ||
| Q2 25 | 54.5% | 28.0% | ||
| Q1 25 | 53.2% | 27.6% | ||
| Q4 24 | 53.4% | 30.3% | ||
| Q3 24 | 54.5% | 27.0% | ||
| Q2 24 | 55.1% | 27.4% | ||
| Q1 24 | 54.8% | 26.1% |
| Q4 25 | -8.7% | 9.4% | ||
| Q3 25 | -18.2% | 7.2% | ||
| Q2 25 | -24.8% | 7.5% | ||
| Q1 25 | -26.4% | 5.9% | ||
| Q4 24 | -24.4% | 9.1% | ||
| Q3 24 | -29.6% | 8.1% | ||
| Q2 24 | -35.3% | 6.7% | ||
| Q1 24 | -34.6% | 5.5% |
| Q4 25 | -9.0% | 6.6% | ||
| Q3 25 | -18.6% | 4.8% | ||
| Q2 25 | -25.2% | 5.5% | ||
| Q1 25 | -27.1% | 7.7% | ||
| Q4 24 | -23.4% | 6.9% | ||
| Q3 24 | -27.7% | 5.6% | ||
| Q2 24 | -33.0% | 4.9% | ||
| Q1 24 | -32.5% | 6.4% |
| Q4 25 | $-0.10 | $1.01 | ||
| Q3 25 | $-0.20 | $0.73 | ||
| Q2 25 | $-0.26 | $0.64 | ||
| Q1 25 | $-0.27 | $0.85 | ||
| Q4 24 | $-0.23 | $0.81 | ||
| Q3 24 | $-0.27 | $0.62 | ||
| Q2 24 | $-0.32 | $0.50 | ||
| Q1 24 | $-0.32 | $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 | $361.8M | $11.3M |
| Total DebtLower is stronger | — | $30.5M |
| Stockholders' EquityBook value | $929.6M | $195.7M |
| Total Assets | $1.5B | $381.1M |
| Debt / EquityLower = less leverage | — | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $11.3M | ||
| Q3 25 | $342.9M | $9.8M | ||
| Q2 25 | $321.2M | $38.9M | ||
| Q1 25 | $307.3M | $38.1M | ||
| Q4 24 | $295.9M | $44.9M | ||
| Q3 24 | $308.2M | $51.2M | ||
| Q2 24 | $311.8M | $59.5M | ||
| Q1 24 | $329.5M | $48.2M |
| 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 24 | — | $19.4M |
| Q4 25 | $929.6M | $195.7M | ||
| Q3 25 | $937.0M | $181.6M | ||
| Q2 25 | $942.6M | $170.5M | ||
| Q1 25 | $957.0M | $161.1M | ||
| Q4 24 | $965.3M | $153.5M | ||
| Q3 24 | $969.5M | $142.2M | ||
| Q2 24 | $981.2M | $133.0M | ||
| Q1 24 | $991.8M | $125.5M |
| Q4 25 | $1.5B | $381.1M | ||
| Q3 25 | $1.5B | $409.1M | ||
| Q2 25 | $1.5B | $343.0M | ||
| Q1 25 | $1.4B | $336.4M | ||
| Q4 24 | $1.5B | $352.1M | ||
| Q3 24 | $1.5B | $324.4M | ||
| Q2 24 | $1.5B | $303.9M | ||
| Q1 24 | $1.5B | $289.2M |
| 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× | ||
| Q1 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 | $22.4M | $28.1M |
| Free Cash FlowOCF − Capex | $12.2M | $27.9M |
| FCF MarginFCF / Revenue | 7.1% | 14.9% |
| Capex IntensityCapex / Revenue | 5.9% | 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 | $22.4M | $28.1M | ||
| Q3 25 | $28.9M | $13.3M | ||
| Q2 25 | $25.8M | $2.0M | ||
| Q1 25 | $17.3M | $2.2M | ||
| Q4 24 | $5.2M | $19.3M | ||
| Q3 24 | $5.0M | $4.9M | ||
| Q2 24 | $-4.9M | $16.5M | ||
| Q1 24 | $11.1M | $-3.9M |
| Q4 25 | $12.2M | $27.9M | ||
| Q3 25 | $22.9M | $12.8M | ||
| Q2 25 | $15.9M | $1.2M | ||
| Q1 25 | $14.7M | $11.0K | ||
| Q4 24 | $251.0K | $18.0M | ||
| Q3 24 | $3.0M | $4.6M | ||
| Q2 24 | $-6.7M | $13.2M | ||
| Q1 24 | $9.5M | $-6.5M |
| Q4 25 | 7.1% | 14.9% | ||
| Q3 25 | 14.5% | 7.0% | ||
| Q2 25 | 10.7% | 0.8% | ||
| Q1 25 | 10.2% | 0.0% | ||
| Q4 24 | 0.2% | 12.5% | ||
| Q3 24 | 2.2% | 3.4% | ||
| Q2 24 | -5.1% | 10.8% | ||
| Q1 24 | 7.1% | -5.5% |
| Q4 25 | 5.9% | 0.1% | ||
| Q3 25 | 3.8% | 0.3% | ||
| Q2 25 | 6.6% | 0.6% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 3.5% | 0.9% | ||
| Q3 24 | 1.5% | 0.3% | ||
| Q2 24 | 1.3% | 2.7% | ||
| Q1 24 | 1.2% | 2.1% |
| 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× | ||
| Q1 24 | — | -0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
