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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Midland States Bancorp, Inc. (MSBI). Click either name above to swap in a different company.

Limbach Holdings, Inc. is the larger business by last-quarter revenue ($138.9M vs $79.5M, roughly 1.7× Midland States Bancorp, Inc.). Midland States Bancorp, Inc. runs the higher net margin — 23.2% vs 3.2%, a 20.1% gap on every dollar of revenue. Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -6.4%).

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

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

LMB vs MSBI — Head-to-Head

Bigger by revenue
LMB
LMB
1.7× larger
LMB
$138.9M
$79.5M
MSBI
Higher net margin
MSBI
MSBI
20.1% more per $
MSBI
23.2%
3.2%
LMB
Faster 2-yr revenue CAGR
LMB
LMB
Annualised
LMB
6.6%
-6.4%
MSBI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
LMB
LMB
MSBI
MSBI
Revenue
$138.9M
$79.5M
Net Profit
$4.4M
$18.5M
Gross Margin
22.4%
Operating Margin
0.8%
Net Margin
3.2%
23.2%
Revenue YoY
4.3%
Net Profit YoY
739.3%
EPS (diluted)
$0.36
$0.74

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
LMB
LMB
MSBI
MSBI
Q1 26
$138.9M
$79.5M
Q4 25
$186.9M
$85.6M
Q3 25
$184.6M
$81.1M
Q2 25
$142.2M
$82.2M
Q1 25
$133.1M
$76.1M
Q4 24
$143.7M
$93.9M
Q3 24
$133.9M
$92.7M
Q2 24
$122.2M
$90.9M
Net Profit
LMB
LMB
MSBI
MSBI
Q1 26
$4.4M
$18.5M
Q4 25
$12.3M
$-2.9M
Q3 25
$8.8M
$7.6M
Q2 25
$7.8M
$12.0M
Q1 25
$10.2M
$-141.0M
Q4 24
$9.8M
$-30.8M
Q3 24
$7.5M
$20.4M
Q2 24
$6.0M
$25.7M
Gross Margin
LMB
LMB
MSBI
MSBI
Q1 26
22.4%
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%
Operating Margin
LMB
LMB
MSBI
MSBI
Q1 26
0.8%
Q4 25
9.4%
-5.5%
Q3 25
7.2%
13.9%
Q2 25
7.5%
18.1%
Q1 25
5.9%
-181.2%
Q4 24
9.1%
-66.5%
Q3 24
8.1%
26.9%
Q2 24
6.7%
35.0%
Net Margin
LMB
LMB
MSBI
MSBI
Q1 26
3.2%
23.2%
Q4 25
6.6%
-4.9%
Q3 25
4.8%
9.3%
Q2 25
5.5%
14.6%
Q1 25
7.7%
-185.4%
Q4 24
6.9%
-52.5%
Q3 24
5.6%
22.1%
Q2 24
4.9%
28.3%
EPS (diluted)
LMB
LMB
MSBI
MSBI
Q1 26
$0.36
$0.74
Q4 25
$1.01
$-0.22
Q3 25
$0.73
$0.24
Q2 25
$0.64
$0.44
Q1 25
$0.85
$-6.58
Q4 24
$0.81
$-1.49
Q3 24
$0.62
$0.83
Q2 24
$0.50
$1.06

Balance Sheet & Financial Strength

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

Metric
LMB
LMB
MSBI
MSBI
Cash + ST InvestmentsLiquidity on hand
$15.8M
$89.4M
Total DebtLower is stronger
$56.6M
$33.2M
Stockholders' EquityBook value
$196.3M
$569.5M
Total Assets
$377.0M
$6.5B
Debt / EquityLower = less leverage
0.29×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LMB
LMB
MSBI
MSBI
Q1 26
$15.8M
$89.4M
Q4 25
$11.3M
$127.8M
Q3 25
$9.8M
$166.1M
Q2 25
$38.9M
$176.6M
Q1 25
$38.1M
$102.0M
Q4 24
$44.9M
$114.8M
Q3 24
$51.2M
$121.9M
Q2 24
$59.5M
$124.6M
Total Debt
LMB
LMB
MSBI
MSBI
Q1 26
$56.6M
$33.2M
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
Stockholders' Equity
LMB
LMB
MSBI
MSBI
Q1 26
$196.3M
$569.5M
Q4 25
$195.7M
$565.5M
Q3 25
$181.6M
$584.0M
Q2 25
$170.5M
$573.7M
Q1 25
$161.1M
$571.4M
Q4 24
$153.5M
$710.8M
Q3 24
$142.2M
$771.2M
Q2 24
$133.0M
$736.8M
Total Assets
LMB
LMB
MSBI
MSBI
Q1 26
$377.0M
$6.5B
Q4 25
$381.1M
$6.5B
Q3 25
$409.1M
$6.9B
Q2 25
$343.0M
$7.1B
Q1 25
$336.4M
$7.3B
Q4 24
$352.1M
$7.5B
Q3 24
$324.4M
$7.7B
Q2 24
$303.9M
$7.7B
Debt / Equity
LMB
LMB
MSBI
MSBI
Q1 26
0.29×
0.06×
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×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LMB
LMB

ODR$99.8M72%
GCR$39.0M28%

MSBI
MSBI

Net Interest Income$57.4M72%
Noninterest Income$22.1M28%

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