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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
Limbach Holdings, Inc. is the larger business by last-quarter revenue ($186.9M vs $122.1M, roughly 1.5× NOODLES & Co). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -7.5%, a 14.1% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -4.1%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-2.8M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -1.2%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.
LMB vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $122.1M |
| Net Profit | $12.3M | $-9.2M |
| Gross Margin | 25.7% | — |
| Operating Margin | 9.4% | -5.2% |
| Net Margin | 6.6% | -7.5% |
| Revenue YoY | 30.1% | -4.1% |
| Net Profit YoY | 25.0% | 32.8% |
| EPS (diluted) | $1.01 | $-0.20 |
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 | $122.1M | ||
| Q2 25 | $142.2M | $123.8M | ||
| Q1 25 | $133.1M | — | ||
| Q4 24 | $143.7M | $122.8M | ||
| Q3 24 | $133.9M | $127.4M | ||
| Q2 24 | $122.2M | $121.4M | ||
| Q1 24 | $119.0M | $124.3M |
| Q4 25 | $12.3M | — | ||
| Q3 25 | $8.8M | $-9.2M | ||
| Q2 25 | $7.8M | $-9.1M | ||
| Q1 25 | $10.2M | — | ||
| Q4 24 | $9.8M | $-6.8M | ||
| Q3 24 | $7.5M | $-13.6M | ||
| Q2 24 | $6.0M | $-6.1M | ||
| Q1 24 | $7.6M | $-6.1M |
| 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 | 9.4% | — | ||
| Q3 25 | 7.2% | -5.2% | ||
| Q2 25 | 7.5% | -5.2% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 9.1% | -3.9% | ||
| Q3 24 | 8.1% | -9.0% | ||
| Q2 24 | 6.7% | -3.4% | ||
| Q1 24 | 5.5% | -3.7% |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.8% | -7.5% | ||
| Q2 25 | 5.5% | -7.3% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 6.9% | -5.5% | ||
| Q3 24 | 5.6% | -10.7% | ||
| Q2 24 | 4.9% | -5.1% | ||
| Q1 24 | 6.4% | -4.9% |
| Q4 25 | $1.01 | — | ||
| Q3 25 | $0.73 | $-0.20 | ||
| Q2 25 | $0.64 | $-0.20 | ||
| Q1 25 | $0.85 | — | ||
| Q4 24 | $0.81 | $-0.15 | ||
| Q3 24 | $0.62 | $-0.30 | ||
| Q2 24 | $0.50 | $-0.14 | ||
| Q1 24 | $0.64 | $-1.64 |
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 | $4.7M |
| Total DebtLower is stronger | $30.5M | — |
| Stockholders' EquityBook value | $195.7M | $-38.9M |
| Total Assets | $381.1M | $280.6M |
| Debt / EquityLower = less leverage | 0.16× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | — | ||
| Q3 25 | $9.8M | $4.7M | ||
| Q2 25 | $38.9M | $1.4M | ||
| Q1 25 | $38.1M | — | ||
| Q4 24 | $44.9M | $3.3M | ||
| Q3 24 | $51.2M | $1.8M | ||
| Q2 24 | $59.5M | $1.3M | ||
| Q1 24 | $48.2M | $3.0M |
| 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 | — | ||
| Q1 24 | $19.4M | — |
| Q4 25 | $195.7M | — | ||
| Q3 25 | $181.6M | $-38.9M | ||
| Q2 25 | $170.5M | $-13.9M | ||
| Q1 25 | $161.1M | — | ||
| Q4 24 | $153.5M | $3.7M | ||
| Q3 24 | $142.2M | $9.6M | ||
| Q2 24 | $133.0M | $21.9M | ||
| Q1 24 | $125.5M | $27.2M |
| Q4 25 | $381.1M | — | ||
| Q3 25 | $409.1M | $280.6M | ||
| Q2 25 | $343.0M | $319.4M | ||
| Q1 25 | $336.4M | — | ||
| Q4 24 | $352.1M | $340.5M | ||
| Q3 24 | $324.4M | $346.3M | ||
| Q2 24 | $303.9M | $360.4M | ||
| Q1 24 | $289.2M | $368.1M |
| 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× | — | ||
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | $27.9M | $-2.8M |
| FCF MarginFCF / Revenue | 14.9% | -2.3% |
| Capex IntensityCapex / Revenue | 0.1% | 5.8% |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | — | ||
| Q3 25 | $13.3M | $4.3M | ||
| Q2 25 | $2.0M | $4.0M | ||
| Q1 25 | $2.2M | — | ||
| Q4 24 | $19.3M | $5.8M | ||
| Q3 24 | $4.9M | $4.7M | ||
| Q2 24 | $16.5M | $7.0M | ||
| Q1 24 | $-3.9M | $164.0K |
| Q4 25 | $27.9M | — | ||
| Q3 25 | $12.8M | $-2.8M | ||
| Q2 25 | $1.2M | $1.1M | ||
| Q1 25 | $11.0K | — | ||
| Q4 24 | $18.0M | $-1.3M | ||
| Q3 24 | $4.6M | $-4.5M | ||
| Q2 24 | $13.2M | $-1.6M | ||
| Q1 24 | $-6.5M | $-15.2M |
| Q4 25 | 14.9% | — | ||
| Q3 25 | 7.0% | -2.3% | ||
| Q2 25 | 0.8% | 0.9% | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 12.5% | -1.1% | ||
| Q3 24 | 3.4% | -3.5% | ||
| Q2 24 | 10.8% | -1.4% | ||
| Q1 24 | -5.5% | -12.2% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | 5.8% | ||
| Q2 25 | 0.6% | 2.4% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 0.9% | 5.8% | ||
| Q3 24 | 0.3% | 7.2% | ||
| Q2 24 | 2.7% | 7.1% | ||
| Q1 24 | 2.1% | 12.3% |
| Q4 25 | 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
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
