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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $105.5M, roughly 1.8× Granite Ridge Resources, Inc.). On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -0.8%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 8.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
GRNT vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $186.9M |
| Net Profit | — | $12.3M |
| Gross Margin | — | 25.7% |
| Operating Margin | -34.5% | 9.4% |
| Net Margin | — | 6.6% |
| Revenue YoY | -0.8% | 30.1% |
| Net Profit YoY | — | 25.0% |
| EPS (diluted) | $-0.19 | $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 | $105.5M | $186.9M | ||
| Q3 25 | $112.7M | $184.6M | ||
| Q2 25 | $109.2M | $142.2M | ||
| Q1 25 | $122.9M | $133.1M | ||
| Q4 24 | $106.3M | $143.7M | ||
| Q3 24 | $94.1M | $133.9M | ||
| Q2 24 | $90.7M | $122.2M | ||
| Q1 24 | $89.0M | $119.0M |
| Q4 25 | — | $12.3M | ||
| Q3 25 | $14.5M | $8.8M | ||
| Q2 25 | $25.1M | $7.8M | ||
| Q1 25 | $9.8M | $10.2M | ||
| Q4 24 | — | $9.8M | ||
| Q3 24 | $9.1M | $7.5M | ||
| Q2 24 | $5.1M | $6.0M | ||
| Q1 24 | $16.2M | $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 | -34.5% | 9.4% | ||
| Q3 25 | 17.4% | 7.2% | ||
| Q2 25 | 19.0% | 7.5% | ||
| Q1 25 | 34.6% | 5.9% | ||
| Q4 24 | -6.5% | 9.1% | ||
| Q3 24 | 26.2% | 8.1% | ||
| Q2 24 | 24.1% | 6.7% | ||
| Q1 24 | 22.0% | 5.5% |
| Q4 25 | — | 6.6% | ||
| Q3 25 | 12.9% | 4.8% | ||
| Q2 25 | 23.0% | 5.5% | ||
| Q1 25 | 8.0% | 7.7% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | 9.6% | 5.6% | ||
| Q2 24 | 5.6% | 4.9% | ||
| Q1 24 | 18.2% | 6.4% |
| Q4 25 | $-0.19 | $1.01 | ||
| Q3 25 | $0.11 | $0.73 | ||
| Q2 25 | $0.19 | $0.64 | ||
| Q1 25 | $0.07 | $0.85 | ||
| Q4 24 | $-0.09 | $0.81 | ||
| Q3 24 | $0.07 | $0.62 | ||
| Q2 24 | $0.04 | $0.50 | ||
| Q1 24 | $0.12 | $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 | — | $11.3M |
| Total DebtLower is stronger | $367.8M | $30.5M |
| Stockholders' EquityBook value | $605.8M | $195.7M |
| Total Assets | $1.2B | $381.1M |
| Debt / EquityLower = less leverage | 0.61× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | — | $48.2M |
| Q4 25 | $367.8M | $30.5M | ||
| Q3 25 | $300.0M | $56.3M | ||
| Q2 25 | $275.0M | $28.4M | ||
| Q1 25 | $250.0M | $23.7M | ||
| Q4 24 | $205.0M | $23.6M | ||
| Q3 24 | — | $20.5M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | $137.5M | $19.4M |
| Q4 25 | $605.8M | $195.7M | ||
| Q3 25 | $643.9M | $181.6M | ||
| Q2 25 | $642.5M | $170.5M | ||
| Q1 25 | $631.4M | $161.1M | ||
| Q4 24 | $635.4M | $153.5M | ||
| Q3 24 | $660.6M | $142.2M | ||
| Q2 24 | $665.3M | $133.0M | ||
| Q1 24 | $674.0M | $125.5M |
| Q4 25 | $1.2B | $381.1M | ||
| Q3 25 | $1.1B | $409.1M | ||
| Q2 25 | $1.1B | $343.0M | ||
| Q1 25 | $1.1B | $336.4M | ||
| Q4 24 | $1.0B | $352.1M | ||
| Q3 24 | $1.0B | $324.4M | ||
| Q2 24 | $990.5M | $303.9M | ||
| Q1 24 | $966.7M | $289.2M |
| Q4 25 | 0.61× | 0.16× | ||
| Q3 25 | 0.47× | 0.31× | ||
| Q2 25 | 0.43× | 0.17× | ||
| Q1 25 | 0.40× | 0.15× | ||
| Q4 24 | 0.32× | 0.15× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | 0.20× | 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 | $64.5M | $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.
| Q4 25 | $64.5M | $28.1M | ||
| Q3 25 | $77.8M | $13.3M | ||
| Q2 25 | $78.0M | $2.0M | ||
| Q1 25 | $76.1M | $2.2M | ||
| Q4 24 | $68.2M | $19.3M | ||
| Q3 24 | $74.7M | $4.9M | ||
| Q2 24 | $64.2M | $16.5M | ||
| Q1 24 | $68.7M | $-3.9M |
| 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 24 | — | $-6.5M |
| 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 24 | — | -5.5% |
| 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 24 | — | 2.1% |
| Q4 25 | — | 2.29× | ||
| Q3 25 | 5.36× | 1.52× | ||
| Q2 25 | 3.11× | 0.26× | ||
| Q1 25 | 7.75× | 0.22× | ||
| Q4 24 | — | 1.96× | ||
| Q3 24 | 8.25× | 0.66× | ||
| Q2 24 | 12.58× | 2.77× | ||
| Q1 24 | 4.23× | -0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
