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Side-by-side financial comparison of Limbach Holdings, Inc. (LMB) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $186.9M, roughly 1.7× Limbach Holdings, Inc.). Limbach Holdings, Inc. runs the higher net margin — 6.6% vs -259.7%, a 266.2% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs -7.0%). Limbach Holdings, Inc. produced more free cash flow last quarter ($27.9M vs $-134.8M). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs -26.8%).
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
LMB vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $186.9M | $326.2M |
| Net Profit | $12.3M | $-847.1M |
| Gross Margin | 25.7% | 35.5% |
| Operating Margin | 9.4% | -193.0% |
| Net Margin | 6.6% | -259.7% |
| Revenue YoY | 30.1% | -7.0% |
| Net Profit YoY | 25.0% | -277.4% |
| EPS (diluted) | $1.01 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $184.6M | $240.3M | ||
| Q2 25 | $142.2M | $228.1M | ||
| Q1 25 | $133.1M | $384.9M | ||
| Q4 24 | $143.7M | $350.7M | ||
| Q3 24 | $133.9M | $446.0M | ||
| Q2 24 | $122.2M | $291.2M | ||
| Q1 24 | $119.0M | $609.5M |
| Q4 25 | $12.3M | $-847.1M | ||
| Q3 25 | $8.8M | $-263.0M | ||
| Q2 25 | $7.8M | $-546.5M | ||
| Q1 25 | $10.2M | $-175.4M | ||
| Q4 24 | $9.8M | $-224.4M | ||
| Q3 24 | $7.5M | $9.3M | ||
| Q2 24 | $6.0M | $-88.9M | ||
| Q1 24 | $7.6M | $54.1M |
| Q4 25 | 25.7% | 35.5% | ||
| Q3 25 | 24.2% | 18.1% | ||
| Q2 25 | 28.0% | 8.4% | ||
| Q1 25 | 27.6% | 21.4% | ||
| Q4 24 | 30.3% | 17.6% | ||
| Q3 24 | 27.0% | 27.1% | ||
| Q2 24 | 27.4% | 23.8% | ||
| Q1 24 | 26.1% | 62.4% |
| Q4 25 | 9.4% | -193.0% | ||
| Q3 25 | 7.2% | -37.4% | ||
| Q2 25 | 7.5% | -170.3% | ||
| Q1 25 | 5.9% | -3.3% | ||
| Q4 24 | 9.1% | 65.0% | ||
| Q3 24 | 8.1% | 17.8% | ||
| Q2 24 | 6.7% | 12.3% | ||
| Q1 24 | 5.5% | 30.4% |
| Q4 25 | 6.6% | -259.7% | ||
| Q3 25 | 4.8% | -109.4% | ||
| Q2 25 | 5.5% | -239.6% | ||
| Q1 25 | 7.7% | -45.6% | ||
| Q4 24 | 6.9% | -64.0% | ||
| Q3 24 | 5.6% | 2.1% | ||
| Q2 24 | 4.9% | -30.5% | ||
| Q1 24 | 6.4% | 8.9% |
| Q4 25 | $1.01 | $-3.03 | ||
| Q3 25 | $0.73 | $-0.96 | ||
| Q2 25 | $0.64 | $-1.99 | ||
| Q1 25 | $0.85 | $-0.65 | ||
| Q4 24 | $0.81 | $-1.10 | ||
| Q3 24 | $0.62 | $0.03 | ||
| Q2 24 | $0.50 | $-0.42 | ||
| Q1 24 | $0.64 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | $30.5M | $8.2B |
| Stockholders' EquityBook value | $195.7M | $182.6M |
| Total Assets | $381.1M | $10.6B |
| Debt / EquityLower = less leverage | 0.16× | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.3M | $226.5M | ||
| Q3 25 | $9.8M | $145.2M | ||
| Q2 25 | $38.9M | $551.1M | ||
| Q1 25 | $38.1M | $447.9M | ||
| Q4 24 | $44.9M | $492.9M | ||
| Q3 24 | $51.2M | $90.8M | ||
| Q2 24 | $59.5M | $133.0M | ||
| Q1 24 | $48.2M | $143.5M |
| Q4 25 | $30.5M | $8.2B | ||
| Q3 25 | $56.3M | — | ||
| Q2 25 | $28.4M | — | ||
| Q1 25 | $23.7M | — | ||
| Q4 24 | $23.6M | $8.9B | ||
| Q3 24 | $20.5M | — | ||
| Q2 24 | $19.7M | — | ||
| Q1 24 | $19.4M | — |
| Q4 25 | $195.7M | $182.6M | ||
| Q3 25 | $181.6M | $1.1B | ||
| Q2 25 | $170.5M | $1.3B | ||
| Q1 25 | $161.1M | $1.8B | ||
| Q4 24 | $153.5M | $1.9B | ||
| Q3 24 | $142.2M | $1.6B | ||
| Q2 24 | $133.0M | $1.6B | ||
| Q1 24 | $125.5M | $1.7B |
| Q4 25 | $381.1M | $10.6B | ||
| Q3 25 | $409.1M | $12.0B | ||
| Q2 25 | $343.0M | $12.0B | ||
| Q1 25 | $336.4M | $13.1B | ||
| Q4 24 | $352.1M | $12.9B | ||
| Q3 24 | $324.4M | $12.0B | ||
| Q2 24 | $303.9M | $11.4B | ||
| Q1 24 | $289.2M | $10.9B |
| Q4 25 | 0.16× | 44.78× | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.15× | — | ||
| Q4 24 | 0.15× | 4.74× | ||
| 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 | $-76.2M |
| Free Cash FlowOCF − Capex | $27.9M | $-134.8M |
| FCF MarginFCF / Revenue | 14.9% | -41.3% |
| Capex IntensityCapex / Revenue | 0.1% | 18.0% |
| Cash ConversionOCF / Net Profit | 2.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.1M | $-76.2M | ||
| Q3 25 | $13.3M | $-171.0M | ||
| Q2 25 | $2.0M | $-329.0M | ||
| Q1 25 | $2.2M | $-7.2M | ||
| Q4 24 | $19.3M | $445.3M | ||
| Q3 24 | $4.9M | $-20.0M | ||
| Q2 24 | $16.5M | $113.9M | ||
| Q1 24 | $-3.9M | $63.0M |
| Q4 25 | $27.9M | $-134.8M | ||
| Q3 25 | $12.8M | $-231.6M | ||
| Q2 25 | $1.2M | $-726.7M | ||
| Q1 25 | $11.0K | $-262.3M | ||
| Q4 24 | $18.0M | $-210.3M | ||
| Q3 24 | $4.6M | $-367.0M | ||
| Q2 24 | $13.2M | $-493.2M | ||
| Q1 24 | $-6.5M | $-457.9M |
| Q4 25 | 14.9% | -41.3% | ||
| Q3 25 | 7.0% | -96.4% | ||
| Q2 25 | 0.8% | -318.6% | ||
| Q1 25 | 0.0% | -68.2% | ||
| Q4 24 | 12.5% | -60.0% | ||
| Q3 24 | 3.4% | -82.3% | ||
| Q2 24 | 10.8% | -169.3% | ||
| Q1 24 | -5.5% | -75.1% |
| Q4 25 | 0.1% | 18.0% | ||
| Q3 25 | 0.3% | 25.2% | ||
| Q2 25 | 0.6% | 174.4% | ||
| Q1 25 | 1.7% | 66.3% | ||
| Q4 24 | 0.9% | 187.0% | ||
| Q3 24 | 0.3% | 77.8% | ||
| Q2 24 | 2.7% | 208.4% | ||
| Q1 24 | 2.1% | 85.5% |
| Q4 25 | 2.29× | — | ||
| Q3 25 | 1.52× | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.22× | — | ||
| Q4 24 | 1.96× | — | ||
| Q3 24 | 0.66× | -2.15× | ||
| Q2 24 | 2.77× | — | ||
| Q1 24 | -0.52× | 1.16× |
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% |
NFE
Segment breakdown not available.
