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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $121.0M, roughly 1.5× Ramaco Resources, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -11.0%, a 17.6% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -27.7%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-17.5M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -22.7%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
LMB vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $121.0M |
| Net Profit | $12.3M | $-13.3M |
| Gross Margin | 25.7% | 15.8% |
| Operating Margin | 9.4% | -12.0% |
| Net Margin | 6.6% | -11.0% |
| Revenue YoY | 30.1% | -27.7% |
| Net Profit YoY | 25.0% | -5468.2% |
| EPS (diluted) | $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 | $186.9M | — | ||
| Q3 25 | $184.6M | $121.0M | ||
| Q2 25 | $142.2M | $153.0M | ||
| Q1 25 | $133.1M | $134.7M | ||
| Q4 24 | $143.7M | $170.9M | ||
| Q3 24 | $133.9M | $167.4M | ||
| Q2 24 | $122.2M | $155.3M | ||
| Q1 24 | $119.0M | $172.7M |
| Q4 25 | $12.3M | — | ||
| Q3 25 | $8.8M | $-13.3M | ||
| Q2 25 | $7.8M | $-14.0M | ||
| Q1 25 | $10.2M | $-9.5M | ||
| Q4 24 | $9.8M | $3.9M | ||
| Q3 24 | $7.5M | $-239.0K | ||
| Q2 24 | $6.0M | $5.5M | ||
| Q1 24 | $7.6M | $2.0M |
| Q4 25 | 25.7% | — | ||
| Q3 25 | 24.2% | 15.8% | ||
| Q2 25 | 28.0% | 12.3% | ||
| Q1 25 | 27.6% | 15.2% | ||
| Q4 24 | 30.3% | 20.4% | ||
| Q3 24 | 27.0% | 19.5% | ||
| Q2 24 | 27.4% | 21.0% | ||
| Q1 24 | 26.1% | 19.1% |
| Q4 25 | 9.4% | — | ||
| Q3 25 | 7.2% | -12.0% | ||
| Q2 25 | 7.5% | -9.1% | ||
| Q1 25 | 5.9% | -8.9% | ||
| Q4 24 | 9.1% | 3.7% | ||
| Q3 24 | 8.1% | 1.0% | ||
| Q2 24 | 6.7% | 3.5% | ||
| Q1 24 | 5.5% | 1.9% |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.8% | -11.0% | ||
| Q2 25 | 5.5% | -9.1% | ||
| Q1 25 | 7.7% | -7.0% | ||
| Q4 24 | 6.9% | 2.3% | ||
| Q3 24 | 5.6% | -0.1% | ||
| Q2 24 | 4.9% | 3.6% | ||
| Q1 24 | 6.4% | 1.2% |
| Q4 25 | $1.01 | — | ||
| Q3 25 | $0.73 | — | ||
| Q2 25 | $0.64 | — | ||
| Q1 25 | $0.85 | — | ||
| Q4 24 | $0.81 | $0.06 | ||
| Q3 24 | $0.62 | $-0.03 | ||
| Q2 24 | $0.50 | $0.08 | ||
| Q1 24 | $0.64 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | $30.5M | $116.3M |
| Stockholders' EquityBook value | $195.7M | $526.9M |
| Total Assets | $381.1M | $849.7M |
| Debt / EquityLower = less leverage | 0.16× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | — | ||
| Q3 25 | $9.8M | $193.8M | ||
| Q2 25 | $38.9M | $28.1M | ||
| Q1 25 | $38.1M | $43.5M | ||
| Q4 24 | $44.9M | $33.0M | ||
| Q3 24 | $51.2M | $22.9M | ||
| Q2 24 | $59.5M | $27.6M | ||
| Q1 24 | $48.2M | $30.5M |
| Q4 25 | $30.5M | — | ||
| Q3 25 | $56.3M | $116.3M | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $23.6M | $88.2M | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $19.7M | — | ||
| Q1 24 | $19.4M | — |
| Q4 25 | $195.7M | — | ||
| Q3 25 | $181.6M | $526.9M | ||
| Q2 25 | $170.5M | $347.4M | ||
| Q1 25 | $161.1M | $355.2M | ||
| Q4 24 | $153.5M | $362.8M | ||
| Q3 24 | $142.2M | $361.8M | ||
| Q2 24 | $133.0M | $366.1M | ||
| Q1 24 | $125.5M | $372.3M |
| Q4 25 | $381.1M | — | ||
| Q3 25 | $409.1M | $849.7M | ||
| Q2 25 | $343.0M | $674.6M | ||
| Q1 25 | $336.4M | $685.7M | ||
| Q4 24 | $352.1M | $674.7M | ||
| Q3 24 | $324.4M | $645.4M | ||
| Q2 24 | $303.9M | $659.2M | ||
| Q1 24 | $289.2M | $674.0M |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.31× | 0.22× | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | 0.24× | ||
| 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 | $28.1M | $-1.4M |
| Free Cash FlowOCF − Capex | $27.9M | $-17.5M |
| FCF MarginFCF / Revenue | 14.9% | -14.5% |
| Capex IntensityCapex / Revenue | 0.1% | 13.3% |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | — | ||
| Q3 25 | $13.3M | $-1.4M | ||
| Q2 25 | $2.0M | $-4.3M | ||
| Q1 25 | $2.2M | $26.0M | ||
| Q4 24 | $19.3M | $15.7M | ||
| Q3 24 | $4.9M | $37.4M | ||
| Q2 24 | $16.5M | $34.4M | ||
| Q1 24 | $-3.9M | $25.2M |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $12.8M | $-17.5M | ||
| Q2 25 | $1.2M | $-19.8M | ||
| Q1 25 | $11.0K | $7.6M | ||
| Q4 24 | $18.0M | $5.1M | ||
| Q3 24 | $4.6M | $25.6M | ||
| Q2 24 | $13.2M | $20.3M | ||
| Q1 24 | $-6.5M | $6.5M |
| Q4 25 | 14.9% | — | ||
| Q3 25 | 7.0% | -14.5% | ||
| Q2 25 | 0.8% | -13.0% | ||
| Q1 25 | 0.0% | 5.6% | ||
| Q4 24 | 12.5% | 3.0% | ||
| Q3 24 | 3.4% | 15.3% | ||
| Q2 24 | 10.8% | 13.1% | ||
| Q1 24 | -5.5% | 3.7% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | 13.3% | ||
| Q2 25 | 0.6% | 10.2% | ||
| Q1 25 | 1.7% | 13.7% | ||
| Q4 24 | 0.9% | 6.2% | ||
| Q3 24 | 0.3% | 7.0% | ||
| Q2 24 | 2.7% | 9.1% | ||
| Q1 24 | 2.1% | 10.8% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | 4.06× | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 2.77× | 6.21× | ||
| Q1 24 | -0.52× | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
