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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $186.9M, roughly 1.4× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -5.3%, a 11.9% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 11.1%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-37.2M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -8.8%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
LMB vs MTUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $267.3M |
| Net Profit | $12.3M | $-14.3M |
| Gross Margin | 25.7% | 2.2% |
| Operating Margin | 9.4% | -7.7% |
| Net Margin | 6.6% | -5.3% |
| Revenue YoY | 30.1% | 11.1% |
| Net Profit YoY | 25.0% | 33.2% |
| EPS (diluted) | $1.01 | $-0.34 |
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 | $267.3M | ||
| Q3 25 | $184.6M | $305.9M | ||
| Q2 25 | $142.2M | $304.6M | ||
| Q1 25 | $133.1M | $280.5M | ||
| Q4 24 | $143.7M | $240.5M | ||
| Q3 24 | $133.9M | $227.2M | ||
| Q2 24 | $122.2M | $294.7M | ||
| Q1 24 | $119.0M | $321.6M |
| Q4 25 | $12.3M | $-14.3M | ||
| Q3 25 | $8.8M | $8.1M | ||
| Q2 25 | $7.8M | $3.7M | ||
| Q1 25 | $10.2M | $1.3M | ||
| Q4 24 | $9.8M | $-21.4M | ||
| Q3 24 | $7.5M | $-5.9M | ||
| Q2 24 | $6.0M | $4.6M | ||
| Q1 24 | $7.6M | $24.0M |
| Q4 25 | 25.7% | 2.2% | ||
| Q3 25 | 24.2% | 11.4% | ||
| Q2 25 | 28.0% | 10.6% | ||
| Q1 25 | 27.6% | 7.8% | ||
| Q4 24 | 30.3% | 4.5% | ||
| Q3 24 | 27.0% | 5.3% | ||
| Q2 24 | 27.4% | 8.2% | ||
| Q1 24 | 26.1% | 15.7% |
| Q4 25 | 9.4% | -7.7% | ||
| Q3 25 | 7.2% | 3.6% | ||
| Q2 25 | 7.5% | 2.8% | ||
| Q1 25 | 5.9% | 1.0% | ||
| Q4 24 | 9.1% | -10.1% | ||
| Q3 24 | 8.1% | -3.1% | ||
| Q2 24 | 6.7% | 2.1% | ||
| Q1 24 | 5.5% | 9.3% |
| Q4 25 | 6.6% | -5.3% | ||
| Q3 25 | 4.8% | 2.6% | ||
| Q2 25 | 5.5% | 1.2% | ||
| Q1 25 | 7.7% | 0.5% | ||
| Q4 24 | 6.9% | -8.9% | ||
| Q3 24 | 5.6% | -2.6% | ||
| Q2 24 | 4.9% | 1.6% | ||
| Q1 24 | 6.4% | 7.5% |
| Q4 25 | $1.01 | $-0.34 | ||
| Q3 25 | $0.73 | $0.19 | ||
| Q2 25 | $0.64 | $0.09 | ||
| Q1 25 | $0.85 | $0.03 | ||
| Q4 24 | $0.81 | $-0.46 | ||
| Q3 24 | $0.62 | $-0.13 | ||
| Q2 24 | $0.50 | $0.10 | ||
| Q1 24 | $0.64 | $0.52 |
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 | $156.7M |
| Total DebtLower is stronger | $30.5M | — |
| Stockholders' EquityBook value | $195.7M | $686.0M |
| Total Assets | $381.1M | $1.1B |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $156.7M | ||
| Q3 25 | $9.8M | $191.5M | ||
| Q2 25 | $38.9M | $190.8M | ||
| Q1 25 | $38.1M | $180.3M | ||
| Q4 24 | $44.9M | $240.7M | ||
| Q3 24 | $51.2M | $254.6M | ||
| Q2 24 | $59.5M | $272.8M | ||
| Q1 24 | $48.2M | $278.1M |
| Q4 25 | $30.5M | — | ||
| Q3 25 | $56.3M | $0 | ||
| Q2 25 | $28.4M | $0 | ||
| Q1 25 | $23.7M | $5.4M | ||
| Q4 24 | $23.6M | $5.4M | ||
| Q3 24 | $20.5M | $13.2M | ||
| Q2 24 | $19.7M | $13.2M | ||
| Q1 24 | $19.4M | $13.2M |
| Q4 25 | $195.7M | $686.0M | ||
| Q3 25 | $181.6M | $697.7M | ||
| Q2 25 | $170.5M | $690.0M | ||
| Q1 25 | $161.1M | $686.1M | ||
| Q4 24 | $153.5M | $690.5M | ||
| Q3 24 | $142.2M | $712.7M | ||
| Q2 24 | $133.0M | $736.3M | ||
| Q1 24 | $125.5M | $739.3M |
| Q4 25 | $381.1M | $1.1B | ||
| Q3 25 | $409.1M | $1.2B | ||
| Q2 25 | $343.0M | $1.1B | ||
| Q1 25 | $336.4M | $1.1B | ||
| Q4 24 | $352.1M | $1.1B | ||
| Q3 24 | $324.4M | $1.1B | ||
| Q2 24 | $303.9M | $1.1B | ||
| Q1 24 | $289.2M | $1.2B |
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.31× | 0.00× | ||
| Q2 25 | 0.17× | 0.00× | ||
| Q1 25 | 0.15× | 0.01× | ||
| Q4 24 | 0.15× | 0.01× | ||
| Q3 24 | 0.14× | 0.02× | ||
| Q2 24 | 0.15× | 0.02× | ||
| Q1 24 | 0.15× | 0.02× |
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 | $-1.9M |
| Free Cash FlowOCF − Capex | $27.9M | $-37.2M |
| FCF MarginFCF / Revenue | 14.9% | -13.9% |
| Capex IntensityCapex / Revenue | 0.1% | 13.2% |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $-1.9M | ||
| Q3 25 | $13.3M | $22.0M | ||
| Q2 25 | $2.0M | $34.8M | ||
| Q1 25 | $2.2M | $-38.9M | ||
| Q4 24 | $19.3M | $13.9M | ||
| Q3 24 | $4.9M | $-15.3M | ||
| Q2 24 | $16.5M | $8.3M | ||
| Q1 24 | $-3.9M | $33.4M |
| Q4 25 | $27.9M | $-37.2M | ||
| Q3 25 | $12.8M | $-6.4M | ||
| Q2 25 | $1.2M | $17.0M | ||
| Q1 25 | $11.0K | $-66.4M | ||
| Q4 24 | $18.0M | $-1.3M | ||
| Q3 24 | $4.6M | $-32.9M | ||
| Q2 24 | $13.2M | $-5.8M | ||
| Q1 24 | $-6.5M | $16.0M |
| Q4 25 | 14.9% | -13.9% | ||
| Q3 25 | 7.0% | -2.1% | ||
| Q2 25 | 0.8% | 5.6% | ||
| Q1 25 | 0.0% | -23.7% | ||
| Q4 24 | 12.5% | -0.5% | ||
| Q3 24 | 3.4% | -14.5% | ||
| Q2 24 | 10.8% | -2.0% | ||
| Q1 24 | -5.5% | 5.0% |
| Q4 25 | 0.1% | 13.2% | ||
| Q3 25 | 0.3% | 9.3% | ||
| Q2 25 | 0.6% | 5.8% | ||
| Q1 25 | 1.7% | 9.8% | ||
| Q4 24 | 0.9% | 6.3% | ||
| Q3 24 | 0.3% | 7.7% | ||
| Q2 24 | 2.7% | 4.8% | ||
| Q1 24 | 2.1% | 5.4% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | 2.72× | ||
| Q2 25 | 0.26× | 9.41× | ||
| Q1 25 | 0.22× | -29.92× | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 2.77× | 1.80× | ||
| Q1 24 | -0.52× | 1.39× |
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% |
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
