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Side-by-side financial comparison of Healthcare Realty Trust Inc (HR) and Limbach Holdings, Inc. (LMB). Click either name above to swap in a different company.

Healthcare Realty Trust Inc is the larger business by last-quarter revenue ($286.3M vs $186.9M, roughly 1.5× Limbach Holdings, Inc.). Healthcare Realty Trust Inc runs the higher net margin — 183.4% vs 6.6%, a 176.8% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -7.6%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -6.4%).

Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. In October 2022, it was acquired by Prologis.

Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.

HR vs LMB — Head-to-Head

Bigger by revenue
HR
HR
1.5× larger
HR
$286.3M
$186.9M
LMB
Growing faster (revenue YoY)
LMB
LMB
+37.7% gap
LMB
30.1%
-7.6%
HR
Higher net margin
HR
HR
176.8% more per $
HR
183.4%
6.6%
LMB
Faster 2-yr revenue CAGR
LMB
LMB
Annualised
LMB
25.3%
-6.4%
HR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HR
HR
LMB
LMB
Revenue
$286.3M
$186.9M
Net Profit
$14.6M
$12.3M
Gross Margin
25.7%
Operating Margin
9.4%
Net Margin
183.4%
6.6%
Revenue YoY
-7.6%
30.1%
Net Profit YoY
113.5%
25.0%
EPS (diluted)
$0.04
$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.

Revenue
HR
HR
LMB
LMB
Q4 25
$286.3M
$186.9M
Q3 25
$297.8M
$184.6M
Q2 25
$297.5M
$142.2M
Q1 25
$299.0M
$133.1M
Q4 24
$309.8M
$143.7M
Q3 24
$315.4M
$133.9M
Q2 24
$316.3M
$122.2M
Q1 24
$326.8M
$119.0M
Net Profit
HR
HR
LMB
LMB
Q4 25
$14.6M
$12.3M
Q3 25
$-57.7M
$8.8M
Q2 25
$-157.9M
$7.8M
Q1 25
$-44.9M
$10.2M
Q4 24
$-108.2M
$9.8M
Q3 24
$-93.0M
$7.5M
Q2 24
$-143.8M
$6.0M
Q1 24
$-310.8M
$7.6M
Gross Margin
HR
HR
LMB
LMB
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%
Operating Margin
HR
HR
LMB
LMB
Q4 25
9.4%
Q3 25
7.2%
Q2 25
7.5%
Q1 25
5.9%
Q4 24
9.1%
Q3 24
8.1%
Q2 24
6.7%
Q1 24
5.5%
Net Margin
HR
HR
LMB
LMB
Q4 25
183.4%
6.6%
Q3 25
-19.4%
4.8%
Q2 25
-53.1%
5.5%
Q1 25
-15.0%
7.7%
Q4 24
-1924.1%
6.9%
Q3 24
-29.5%
5.6%
Q2 24
-45.5%
4.9%
Q1 24
-95.1%
6.4%
EPS (diluted)
HR
HR
LMB
LMB
Q4 25
$0.04
$1.01
Q3 25
$-0.17
$0.73
Q2 25
$-0.45
$0.64
Q1 25
$-0.13
$0.85
Q4 24
$-0.34
$0.81
Q3 24
$-0.26
$0.62
Q2 24
$-0.39
$0.50
Q1 24
$-0.82
$0.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HR
HR
LMB
LMB
Cash + ST InvestmentsLiquidity on hand
$26.2M
$11.3M
Total DebtLower is stronger
$3.9B
$30.5M
Stockholders' EquityBook value
$4.6B
$195.7M
Total Assets
$9.2B
$381.1M
Debt / EquityLower = less leverage
0.85×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HR
HR
LMB
LMB
Q4 25
$26.2M
$11.3M
Q3 25
$43.3M
$9.8M
Q2 25
$25.5M
$38.9M
Q1 25
$25.7M
$38.1M
Q4 24
$68.9M
$44.9M
Q3 24
$22.8M
$51.2M
Q2 24
$41.8M
$59.5M
Q1 24
$26.2M
$48.2M
Total Debt
HR
HR
LMB
LMB
Q4 25
$3.9B
$30.5M
Q3 25
$4.5B
$56.3M
Q2 25
$4.7B
$28.4M
Q1 25
$4.7B
$23.7M
Q4 24
$4.7B
$23.6M
Q3 24
$5.0B
$20.5M
Q2 24
$5.1B
$19.7M
Q1 24
$5.1B
$19.4M
Stockholders' Equity
HR
HR
LMB
LMB
Q4 25
$4.6B
$195.7M
Q3 25
$4.7B
$181.6M
Q2 25
$4.8B
$170.5M
Q1 25
$5.1B
$161.1M
Q4 24
$5.2B
$153.5M
Q3 24
$5.5B
$142.2M
Q2 24
$5.9B
$133.0M
Q1 24
$6.4B
$125.5M
Total Assets
HR
HR
LMB
LMB
Q4 25
$9.2B
$381.1M
Q3 25
$9.9B
$409.1M
Q2 25
$10.2B
$343.0M
Q1 25
$10.5B
$336.4M
Q4 24
$10.7B
$352.1M
Q3 24
$11.2B
$324.4M
Q2 24
$11.8B
$303.9M
Q1 24
$12.3B
$289.2M
Debt / Equity
HR
HR
LMB
LMB
Q4 25
0.85×
0.16×
Q3 25
0.96×
0.31×
Q2 25
0.97×
0.17×
Q1 25
0.93×
0.15×
Q4 24
0.89×
0.15×
Q3 24
0.90×
0.14×
Q2 24
0.87×
0.15×
Q1 24
0.80×
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
HR
HR
LMB
LMB
Operating Cash FlowLast quarter
$457.1M
$28.1M
Free Cash FlowOCF − Capex
$27.9M
FCF MarginFCF / Revenue
14.9%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
31.33×
2.29×
TTM Free Cash FlowTrailing 4 quarters
$41.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HR
HR
LMB
LMB
Q4 25
$457.1M
$28.1M
Q3 25
$113.8M
$13.3M
Q2 25
$163.2M
$2.0M
Q1 25
$47.8M
$2.2M
Q4 24
$501.6M
$19.3M
Q3 24
$119.3M
$4.9M
Q2 24
$168.2M
$16.5M
Q1 24
$76.2M
$-3.9M
Free Cash Flow
HR
HR
LMB
LMB
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
FCF Margin
HR
HR
LMB
LMB
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%
Capex Intensity
HR
HR
LMB
LMB
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%
Cash Conversion
HR
HR
LMB
LMB
Q4 25
31.33×
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

HR
HR

Segment breakdown not available.

LMB
LMB

Owner Direct Relationships Segment$145.0M78%
General Contractor Construction Manager Relationships Segment$41.9M22%

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